Review on Crypto Price Index by Pedro O. Alvino M.
Index of crypto assets based on a governance with the CPI token
Project that offers a cryptocurrency management and tracking service through decentralized governance based on the CPI token, where network users may receive incentives for participating in said governance process.
With the CPIX token, another cryptoactive that comes from the Crypto Price Index platform, a basket of assets can be traced with the minting of said token, in order to have a better analysis of the cryptocurrency market, and being connected to the network of Ethereum, the execution of smart contracts will be linked in said minting of CPIX tokens.
Unlike other projects, the platform has the ability to analyze cryptocurrency projects with a broader perspective and not focus on the capitalization and market volume that other projects with this service generally have, in addition, the governance system will provide a more transparent system in Each user can be rewarded with incentive and punished for breaking the rules on the CPI network.
Pros
- Offers a crypto-asset tracking system through the minting of CPIX tokens
- With the CPIX token, a basket of cryptographic assets can be managed through a single token.
- Uses external pricing oracles such as Price mediators, who will interact directly with the CPI governance contract.
- The CPI token grants powers of government to its token holders.
- CPI holders can reward or penalize online.
Cons
- You have several tough competitors in the market.
- Being developed on the Ethereum chain, congestion and high network fees complicate the operation of the platform.
