Home » Crypto » What is GOVI coin and how does it work?

What is GOVI coin and how does it work?

by Financial Economy

The Crypto Volatility Index (CVI) is a decentralized VIX for crypto that allows users to protect themselves against market volatility and permanent losses. The GOVI token is a governance token for the CVI protocol and platform. Information about some topics that what is GOVI coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about TAROT coin.

What is GOVI coin and how does it work?

CVI is a decentralized volatility index for the crypto space powered by the COTI network. Crypto Volatility Index (CVI) allows users to protect themselves from high volatility and permanent losses. The Govi ​​token is the platform’s governance and decision token.

The CVI (Crypto Volatility Index) tracks the 30-day volatility of Bitcoin and Ethereum, the Index ranges from 0-200 and analyzes the future volatility expectation of the market. With CVI, users can generate income without having to guess the direction of the market.

CVI platform features!

Trade: Users get trading opportunities regardless of market direction. It offers the opportunity to turn volatility into opportunity and profit.

Providing Liquidity: Users who provide liquidity to the platform receive a share from all trading transactions.

Staking: Staking users gain the right to governance and platform fees from supported chains in a few clicks.

Arbitrage: CVI users can profit from the difference between tokens traded in DEX/AMMs and CVI.

Govi token features!

The GOVI token is a governance token for the CVI protocol and platform. GOVI holders will vote on CVI key issues such as tradable assets, leverage used, deposit amounts, platform fees and more. By staking GOVI tokens, GOVI holders will also receive a share of the fees collected from the CVI platform.

Which exchange is GOVI coin on?

Govi coin is listed on some cryptocurrency exchanges such as KuCoin, Gate.io, QuickSwap, etc.

How to buy GOVI coins?

Govi coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

GOVI coin supply!

Total supply of Govi coin is 32.000.000 GOVI.

GOVI coin price!

As of August 23, 2022, at the time of the writing, 1 Govi coin price is around $0,2661 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

Related Posts

Leave a Comment