The $GOVI Tokens Have Been Distributed and Can Now Be Staked to Earn CVI Platform Fees
We are happy to announce that the $GOVI tokens have been distributed and are now in the ETH address that has been provided during the claim periods of 2020.
$GOVI tokens holders vote on matters such as the tradable assets, leverage used, deposit amounts, platform fees and more. $GOVI holders who stake their tokens share the Crypto Volatility Index platform fees.
The initial circulating supply for the $GOVI token is 5.797M:
- 4.8M $GOVI tokens for $COTI holders who made a claim and provided liquidity to the Uniswap pool
- 150K $GOVI tokens as incentives for the CVI TestNet competition
- 847K $GOVI tokens for the CVI development fund
$GOVI token holders can now stake their tokens to claim their share of the CVI platform trading fees.
Here is how to stake $GOVI:
Go to “Manage your tokens” page, click on the “Stake” tab → select the $GOVI token → insert the amount to stake, and click “Stake”.
Users of the CVI platform earn more $GOVI by providing liquidity to the platform or by trading with it.
We’ll be publishing a dedicated article about staking and claiming rewards on the CVI platform, stay tuned!