What is GOVI Token?
The GOVI token is an ERC-20 standard token that acts as the governance token for the Crypto Volatility Index (CVI). CVI is a decentralized volatility index powered by the COTI Network. It allows users to protect themselves against market uncertainty during volatile price movements and impermanent losses. The CVI crypto project provides users with a proper risk estimation of different cryptocurrencies. In addition to that, it provides them with market information to further help with decision-making processes.
In other words, CVI is a decentralized platform that offers users reliable DeFi tools to help them analyze volatility and hedging portfolios. This platform also enables them to earn from being liquidity providers.
Talking about the overall features of CVI, it also offers trading, liquidity provision, staking, and even arbitrage. Thus, traders can find profitable trading opportunities without committing to the market’s direction. Investors can earn a share of all trading transaction fees by providing liquidity to the platform. Users can gain governance rights and platform fees from all supported chains within a few clicks. Arbitrage trading allows users to maximize revenues from their trading strategies by profiting from any deviation between the volatility tokens traded in DEX/AMMs and CVI.
If you want to see the current GOVI price, make sure to check the up-to-date Govi price chart featured above.
Tokenomics of GOVI
GOVI coins had a fair launch, which means that there were no pre-mined tokens or fundraising that occurred to bring them to market. There is a total supply of 32 million GOVI tokens. The first supply was airdropped to COTI holders and liquidity providers of COTI-ETH pools on Uniswap. Following this initial drop, 53% was allocated to platform users, 15% to the development fund, 15% to liquidity providers, and 7% to those who have staked GOVI.
Before purchasing GOVI coins, make sure to make a thorough GOVI price analysis. Knowing the main trend in its changes will help you to make more educated purchasing decisions.
