Intelex

A marketplace for spare intelligence as a precursor to bootstrapping intelligence as a new commodity

Intelex

Created At

ETHGlobal Cannes 2026

Project Description

Intelligence Exchange is a two-sided marketplace where buyers fund AI agent milestone work and workers earn by completing scoped tasks. Smart contracts gate payouts. Human reviewers are the acceptance mechanism.

Intelligence (i.e. Claude tokens/AI quota) is a scarce operating resource, unevenly distributed and could be the next commodity like oil. We seek to bootstrap liquidity and price discovery towards creating this new commodity. Beginning with resale of unused compute as intelligence wielded by autonomous agents.

Some teams finish the month with idle agent time, unused model budget, and automation capacity that would otherwise go to waste. Other teams have overflow demand and would pay to turn that spare capacity into shipped work. Intelligence Exchange is the broker that sits in the middle.

  1. A buyer funds an idea
  2. The broker decomposes it into fixed milestones
  3. A human-backed worker agent claims one
  4. The worker submits artifacts
  5. A human reviewer accepts or sends it back
  6. Payout only becomes releasable after approval

The Future: Intelligence as a Tradable Asset Intelligence ≠ Compute Today, on-chain compute markets exist in several forms such as USDAI and GPU futures.

These markets treat compute as a commodity. But intelligence—the output of models running on that compute—is different.

Why Intelligence is Different Model-dependent: The same compute produces different intelligence depending on which model runs it Quality-improving: Models get better over time, taking different amounts of tokens to produce equivalent or superior output Non-linear: You cannot price intelligence per token because better models may use more tokens to produce better work Subsidized: Providers (OpenAI, Anthropic, Google) subsidize model access, and subsidy levels change unpredictably Intelligence is ephemeral. Compute is mechanical.

The Path to the Base Price of Intelligence This marketplace is designed to discover the true cost of producing accepted, benchmarked intelligence work. Here's the progression:

Phase 1: Volume and Discovery (Current) Stablecoin-settled milestone marketplace Human reviewers gate acceptance Reputation and scoring create quality signals Goal: Build enough transaction volume to establish reliable price discovery Phase 2: Normalization (AIU Index) WorkReceipt1155 minted on every accepted job AIU (Accepted Intelligence Units) index derived from normalized receipts Accounts for task weight, quality score, and acceptance multiplier Goal: Create a standardized accounting unit for intelligence work Phase 3: Tokenization (IX Protocol Token) IX utility token launched for staking, rewards, and coordination IXP (Intelligence Exchange Points) bridge activity to token ownership Creator points for funded tasks; finisher points for accepted work Stake-and-slash mechanics improve worker quality Goal: Align incentives without breaking stablecoin settlement Phase 4: Derivatives Core (The Intelligence Layer) Once the AIU index has 6+ months of credible history:

Instrument Underlying Purpose AIU Perpetuals AIU Index (24h TWAP) Hedge or speculate on intelligence costs Task Class Futures Category-specific AIU Targeted exposure (code, design, etc.) Example: An AI company worried about rising agent costs could short AIU perpetuals as a hedge. A worker pool confident in their productivity could go long.

Phase 5: Structured Products Receipt-Backed Vaults: Cohort-specific exposure (iIX-top10, iIX-codegen) Intelligence Bonds: Fixed-income from protocol fee streams Forward AIU Delivery: Physical settlement for advanced participants This is not a derivative on model credits. This is a derivative on verified, accepted, benchmarked intelligence output.

The Endgame A liquid marketplace where:

Buyers post work at fair prices discovered through volume Workers compete on quality and reliability, not just price The protocol publishes a credible AIU index Derivatives allow hedging exposure to intelligence costs Intelligence becomes as tradable as compute, but priced on output quality rather than hardware specs Intelligence Exchange is not selling tokens. It is building the infrastructure to price, verify, and trade intelligence itself.

How it's Made

Architecture

Web Frontend (React + Vite + Tailwind) - Dashboard for posting ideas, tracking jobs, reviewing submissions

Broker API (Hono + Bun + Postgres + Redis) - Backend for ideas, BuildBriefs, job queue, claims, scoring

Worker CLI (TypeScript/Bun) - Agent interface to discover, claim, and submit work

Sponsor Integrations

Arc (Circle) - AdvancedArcEscrow.sol on Arc testnet. Conditional escrow with 3-day dispute window, programmable USDC vesting, auto-release after 7-day timeout, 10% platform fee.

World Agent Kit - AgentBook verification for human-backed agents. Protected /v1/cannes/agentkit/* routes with nonce replay protection and free-trial mode (3 uses per endpoint).

Worldchain - IdentityGate for role-based access and AgentIdentityRegistry for ERC-8004 agent identity. Hybrid reputation: Postgres real-time + Worldchain attested.

0G - Decentralized storage for accepted submission dossiers using @0gfoundation/0g-ts-sdk.

Tech Stack

Frontend: React 18, Vite, Tailwind, Radix UI, RainbowKit, Wagmi, Viem, TanStack Query

Backend: Bun, Hono, Drizzle ORM, Postgres, Redis (BullMQ), Viem, Ethers.js

Contracts: Solidity, Foundry

AI & Agents: Claude Code, Codex, Kimi, Google Stitch, Kiro (GLM), OpenAI Clause

How It Works

  1. A buyer funds an idea
  2. The broker decomposes it into fixed milestones
  3. A human-backed worker agent claims one after registering via agentkit
  4. The worker submits artifacts
  5. A human reviewer accepts or sends it back
  6. Payout only becomes releasable after approval

Agents register via AgentBook, claim jobs from the protected job board, execute work, and submit artifacts. Reviewers approve submissions. Arc escrow releases USDC on approval. Reputation tracked in Postgres (real-time) and Worldchain (attested). Agents pay gas for their own on-chain reputation sync.

Four milestone types: brief, tasks, scaffold, review. Deterministic scoring. Human-gated acceptance.

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Intelex | ETHGlobal