Today cVIX was announced by COTI. The Market Fear Index for the crypto space. An executive summary can be read here: https://medium.com/cvix/cvix-market-fear-index-for-the-crypto-space-66768e12cd3c
The cVIX is the first decentralized version of the VIX for the crypto market, covering major crypto assets. It is created by computing a decentralized volatility index from cryptocurrency option prices together with analyzing the market’s expectation of future volatility and working in a decentralized fashion by using a network of decentralized Chainlink oracles.
Below an example of the cVIX chart up to October 4:
The great news though for COTI holders is that the $cVIX token will be distributed according to the following distribution model:
So 10% of the total supply will be distributed to people holding the native $COTI token in the new Viper wallet, where they can claim their share of the $CVIX tokens for 8 consecutive weeks.
To not give a great advantage to the bigger Whales, there is a maximum of 500k $COTI per wallet which is eligible for $CVIX allocation.
This is another great example why it pays of to be an early holder in $COTI tokens.
