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COTI Plans To Launch Crypto Volatility Index cVIX
Summary: Fintech platform Currency of the Internet (COTI) has created its own version of the stock market's Volatility Index (VIX) to be used for determining volatility within crypto markets, according to AMBCrypto. The new index, set to launch later this year, will be known as the Market Fear Index (cVIX) and will give traders and investors ...
Fintech platform Currency of the Internet (COTI) has created its own version of the stock market's Volatility Index (VIX) to be used for determining volatility within crypto markets, according to AMBCrypto. The new index, set to launch later this year, will be known as the Market Fear Index (cVIX) and will give traders and investors access to essential data about crypto market risks, specifically within Ethereum (ETH) and Tether (USDT) markets, though the platform may consider more tokens later on.
As a decentralized index, cVIX will access real-time price feeds using Chainlink and oracle technologies. Once verified, the data from the feeds will be viewable on the index's blockchain platform. While the index will be released on the Ethereum network, it will eventually be migrated to COTI's proprietary Trustchain infrastructure.
By Isaac Goluboff
Tags: Blockchain,Chainlink,COTI,cVIX,ETH,Ethereum,USDT,VIX
Link: COTI Plans To Launch Crypto Volatility Index cVIX [Copy]
