Crypto Volatility Index — A Status Report and Next Steps

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We revealed our vision for the first decentralized Crypto Volatility Index in early October, designed not only as an indicator of volatility for the entire crypto market, but also as a trading platform on which traders can either directly trade volatility or use the platform to hedge their existing positions on other trading platforms.

Since then, we’ve released the centralised Beta version of volatility index, demonstrating the feasibility of the math that powers the index, based on the Black-Scholes option pricing model. The index has now successfully been tracking volatility on the crypto markets for the past two months.

As we move forward with the decentralised Beta release of both the volatility index and the underlying trading platform, we’d like to take this opportunity to update our community as to what the final stages towards this release will involve:

  • We’ve noticed a lot of confusion in our community in regards to the volatility index sharing the same name as the governance token for the platform. As such, we have made a final name change to both the platform itself and the governance token. From this point on, the volatility index will be known as CVI, the Crypto Volatility Index, and the governance token for the trading platform will be known as $GOVI.

- 3.2M $GOVI tokens for $COTI holders who made a claim via the COTI Pay wallet

-1.6M $GOVI tokens for $COTI holders who supplied liquidity to the COTI/ETH liquidity pool on Uniswap

  • Over the next three years, a further 19.2M $GOVI tokens will be distributed to traders and liquidity providers of the CVI platform once the trading platform is enabled. 12.8M $GOVI tokens will be distributed to liquidity providers for the platform and 6.4M $GOVI tokens will be distributed to traders using the platform.

- 4.8M $GOVI tokens for $COTI holders who made a claim

-847K $GOVI tokens for the CVI development fund

-120K $GOVI tokens as incentives for the CVI testnet period

  • Upon distribution, $GOVI token holders will be able to immediately stake $GOVI tokens on the trading platform and receive a share of trading fees on the platform as a result.

For all of our updates and to join the conversation, be sure to check out CVI channels:



Telegram (group):

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CVI is a decentralized volatility index for the crypto space — powered by COTI network

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