CPI has announced the structure of its upcoming Crypto Price Index tokens.
The index tokens, a first of their kind, will be structured in three initial index formats. The CPI10 will consist of the average price of the 10 crypto coins included in the underlying basket. The CPI30 will consist of the average price of the 30 crypto coins included in the underlying basket. The CPI1 will be a stable coin pegged to the US dollar and will be the underlying token facilitating exchange via the CPI borderless payment app, of which transaction fees will be paid to the CPI base token wallet holders via smart contract.
CPI has already launched the CPI base token, which is available on HotBit, Bilaxy, BitForex, and DigiFinex, and plans to launch the index tokens later this year.
“CPI is revolutionizing the way the public can invest and interact with cryptocurrency,” said Herbert Law, CEO of CPI DEV TEAM LTD. “CPI’s index tokens can reduce risk to investors by way of diversification, just like legacy market indexes.”
Follow along with CPI to stay tuned for upcoming announcements:
CPI Website: https://www.cpiindex.io/
Crypto Price Index (CPI) project is the very first token ecosystem of its kind, which provides multiple options for users to gain broad exposure to the cryptocurrency market through our ‘CPIX’ tokens. Unlike other indices of its kind, which typically show the top 10 or perhaps 20 assets, CPIX tokens will be novel in its approach of showing token holders/crypto traders a hugely diversified range of assets across a wide cross-section of the cryptocurrency markets. Our infrastructure, built and deployed on the tried and tested Ethereum blockchain, will use advanced technical architecture to track a basket of assets for each CPIX token minted.