The year 2017 was the best ever for cryptocurrencies, as the blockchain and DeFi market exploded with thousands of tokens being offered. Prices rose exponentially and the world was forever changed. Three years down the road today, markets are only a part of the former glory. The start of 2020 saw countries and markets battered brutally by the economic and financial impact of COVID-19. Yet, the crypto market is turning around.
Which Token to Invest in?
As sentiment is rising again and the crypto market appears to show signs of stability,, the interest in decentralized finance (DeFi) is gaining momentum again. Today, there are 2,250 plus tokens and coins on the market and each new day sees the addition of more. Each sunrise sees different decentralized projects with unlimited potential.
Out of all this, the one most burning question a trader and investor can ask is: which token to really invest in? One platform answers this question by creating a list of the best performing tokens and using AI to help determine the answer. The Crypto Price Index gives users access to a basket of information on crypto tokens to make the soundest judgment possible on their investments.
Crypto Price Index has caught the eye of royals from the United Arab Emirates, with a prominent family last year partnering with CPI. The backing by the royal family is perhaps one of the most prominent in the crypto sphere ever, and has seen CPI gaining access to the immense business expertise of the Middle Eastern nation.
His Highness, Sheikh Abdullah Bin Rashed Al Sharqi, who is on the advisory board of CPI and is a staunch supporter of DeFi, has said:
“Decentralized finance is one of the most important movements of our time. By providing up-to-date pricing data, Crypto Price Index has the potential to become one of the most valuable sources of information for digital asset traders and market participants.”
Decentralized Governance Through CPI Tokens
Like all decentralized financial systems, CPI also believes in the power of the people and the voting power lies in the hands of the holders of the CPI tokens. Through their vote, holders of the token can decide which token is listed in the index, giving the project complete decentralized governance.
CPI platform also has wrapped tokens which are based on the collection of different tokens. CPI30, for example, will be based on 30 tokens selected by the CPI token holders, while the CPI10 will have selected 10 tokens.
Where to Get CPI Tokens?
The CPI platform has partnered with the HotBit crypto exchange to make it easy for the public to get the chance to obtain CPI tokens and take part in the crypto revolution. The CPI tokens will be released on the exchange on the 15th of July 2020 and will be available for a price of $5 per token. For investors who are interested in having their names written in history as one of the proponents of Crypto Price Index can sign up on the CPI platform or register themselves on HotBit exchange.