Crypto Price Index to Solve for Rampant Crypto Market Volatility with Token Tied to Most Comprehensive Market Index
SAINT JULIAN'S, Malta, Dec. 5, 2019 /PRNewswire-PRWeb/ -- In the midst of ongoing bitcoin price volatility, Crypto Price Index (CPI) introduces a solution in the form of its CPI200 token, which is based on the average price of the top 200 trading cryptocurrencies calculated via CPI's proprietary algorithm.
His Highness Sheikh Abdullah Bin Rashed Al Sharqi, an advisor to CPI's board, said, "With such intense daily volatility in the digital asset markets the CPI Index Blockchain is a welcome innovation bringing both increased stability and greater accessibility to decentralized finance."
CPI as an index will be invaluable to traders seeking to save time and resources conducting extensive research. Instead, investors can understand the state of the market with a single glance at CPI.
"Cryptocurrency has the potential to expand opportunities for wealth generation to those who have previously been disenfranchised from legacy financial systems," said CPI CEO Herbert Law. "However, unstable prices reduce the value of cryptocurrency as a store of value. CPI will bring much-needed stability to crypto markets with its suite of tokens whose value is based on the average of top-trading tokens."
The CPI API will be accessible to exchanges and other third parties through holding the CPI base coin. All transactions of CPI coins will be recorded transparently on the CPI proprietary blockchain. The price data feeding the API will be stored on the blockchain and available by virtue of an immutable ledger to be confirmed and viewed by interested parties.
About Crypto Price Index
Crypto Price Index (CPI) is a new innovative way to easily track the top 200 cryptocurrencies by market capitalization. Like the Dow Jones Industrial Average, the CPI Index, alongside its native token the CPI coin, provides insight into the trading history of the leading blockchain projects. Our mission is to make the CPI Blockchain a single trustworthy source of up-to-date price data for the digital asset markets, becoming a valuable source of information for traders and other market participants.
SOURCE Crypto Price Index
