cVIX a great new COTI project

COTI has created a Crypto Volatility Index which is benefiting the COTI holders

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cVIX announcement

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:

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14 Day chart of the cVIX index

The great news though for COTI holders is that the $cVIX token will be distributed according to the following distribution model:

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$CVIX allocation over three years.

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.

cVIX compared to other non crypto Volatility Indexes.

This is another great example why it pays of to be an early holder in $COTI tokens.

Trading on Nolex

CITYUPTAKE is listed on Nolex

The listing of CITYUPTAKE on the Nolex exchange, embodies the return of CITYUPTAKE on an exchange. Previously on TWM exchange, CITYUPTAKE was one of the high volume coins on that exchange.

So how to trade?

First open Tronlink on your desktop (you can also follow the same steps in Tronwalletme using the browser there).

Selecting the wallet to trade from in Tronlink

Than go to the Nolex site:

www.Nolex.org

Press the sign up button in the upper right corner.

Nolex opening screen

Press sign up in the pop up again:

Referral pop up

A Tronlink confirmation request pops up to connect you wallet to Nolex:

Tronlink confirmation screen

After accepting the Tronlink pop up, your wallet is connected to Nolex

Connected wallet

Click dashboard to access and fill your trading account. It will bring you to a dashboard screen, with the option to go to your N-wallet (Nolex wallet) or to your referral tab.

Nolex Dashboard

If you go to your N-wallet, you can move funds there from your Tronlink wallet to trade.

Nolex N-wallet

Click deposit for the token you want to trade (in this case TRX) it shows your available amount and you can deposit.

Deposit screen in Nolex

After deposit you confirm Tronlink again and you get a confirmation:

Payment confirmation

You can see in your N-wallet that transaction is pending and based on experience, within a minute the funds are there.

Deposit history screen

After the funds landed, you can trade by clicking the Trade button and Main Exchange:

Trading menu

After that the trading portal opens and trading can begin. Later today (May 25th) CITYUPTAKE will be listed as well. Happy Trading!

Trading screen in Nolex