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.

Carpathian Node

COTI Community Node

During the month of May we were running the COTI Community Node, but after the Node Operators have been asked to set up their own fee’s, we have been re-branded to Carpathian Node.

List of COTI nodes.

Our node fee of 0,09% is average compared to the nodes, and the maximum fee of 90 COTI is lowest together with the Veru Node. With that giving the best value for Merchants with high transaction values, while the Merchants with lower transaction values are better off with Rufys or Bitcoin Browns.