Cryptocurrency continues to grow and in popularity and usability within the market and that has led to the creation of a number of different cryptocurrencies. As a result, it’s important to keep track of all of those currencies and the analytics of the investments that are made with them. That’s where Crypto Price Index (CPI) comes in. With CPI you get a method of indexing crypto investments in a manner that is more tailored to your specific interests and needs.
What is Crypto Price Index?
First, CPI, or the Crypto Price Index, is a cryptocurrency version of the Dow Jones Industrial Average. It allows those who choose to invest in cryptocurrency to better recognize the current market, the trends and where they can get the best return on their investment. It is highly developed and provides an extensive amount of information that an investor would want to know before buying into a specific investment. But CPI also provides a range of different features that you will want to take into consideration. There are actually two different products available alongside those other features as well.
What You Get
Decentralization — This platform is blockchain-based. That means that it’s entirely decentralized, which helps contribute to the security features of the system. It ensures that no one central authority is responsible for decisions and likewise ensures that those within the community are the ones who are charged with maintaining it.
Stability — The entire system is built on Ethereum, which is one of the most common blockchain formulas currently available. This also provides better assurance that the system is stable and that connectivity and performance will be completely stable and simple for users.
Security — This is one of the most important features of any platform that you use and with CPI it is extremely high-tech. That’s partially because of the blockchain technology, which ensures data cannot be altered and all transactions are secure. On top of this, there are additional security protocols that act as a secondary source and provide enhanced functionality and capability.
Data Points — There are actually a variety of different exchanges that are used in conjunction with the CPI platform, which means that the data that is provided is available in real time. This makes sure that investors are able to make accurate decisions when it comes to which types of currency to buy, sell and exchange throughout the course of the day.
Coins and Tokens — The system also provides for both coins and tokens within the framework. Tokens are used for different types of transactions and services. Coins are used for governing the entire system and framework as well as ensuring both incentives and rewards.
How it Works
CPI works because it uses artificial intelligence. Then, that artificial intelligence uses an algorithm to create a single index price for each of the different currencies that are currently ranking at the top of the market. With cryptocurrency so popular there are hundreds of different types that are available, but with CPI you’re only going to see the top 200 of those currencies. You’ll get a single price provided and you will get extremely quick transactions throughout the process.
What’s truly unique here is that CPI will actually give you the numbers you need for a far greater number of currencies than you would get with most platforms. Where most indexes would provide you with a maximum of 20 different assets, CPI gives you that ten-fold. You’re going to have a great deal more information and that will allow you to increase your profits.
Where it All Began
CPI started out in 2019 when they offered presale registration for their tokens. They have also completed their IEO as of July 15, 2020. What this means is that they’re continuing to develop the platform and the services offered. In fact, they plan to begin Proof of Concept CP12 on testnet as of the third quarter and they are then looking to start their decentralized application using CPI100. Everything is expected to be fully available as of the fourth quarter of this year, and it seems that they are on track for that goal.
At this point, the system seems to be working as advertised and as expected. Users are able to access the data that they need to make informed investing decisions. More than that they are able to monitor the different currencies that are most useful for them and that they are most interested in investing with. This is because Crypto Price focuses on the most popular and highest valued currencies, which makes it easier for investors to take advantage of the current markets.
The price indexes that are provided seem to be accurate and effective and the fact that there are 200 different assets being indexed at a time makes it easier to get started with your favorite currencies. Rather than being limited to a small number of options, CPI broadens the scope but still maintains the same level of quality. This ensures that investors can trust the index and can feel more confident investing in the different currencies that they want. Whether you’re looking to invest in a small number of currencies or a larger quantity, it’s possible to know exactly what you’re getting with CPI.
Overall, it seems that this system is a high-quality option that provides what investors are looking for. It uses the Ethereum blockchain to ensure security but then adds on even more security features on top of that to ensure investors can feel confident. It also continues to advance their offerings and abilities, which means that they are constantly looking for ways to further assist investors. On top of that their coins and tokens make for easier controls and provide rewards and incentive to continue to utilize the system. It seems that CPI is already on a positive track and is continuing onwards and upwards along that same process.