The Crypto Price Index (CPI) developers team announces its plans to launch a CPI token platform. The CPI blockchain, branded as the equivalent of Dow Jones, is supported by the UAE royal family, who plan to revolutionize the crypto world.
Built on the Ethereum Blockchain, the platform aims to help investors worldwide with up to date information on the top 200 cryptocurrencies in the market today – one of the many advantages of the platform.
What to Expect from the Project
In conjunction with HotBix exchange, CPI plans to air a public sale of their leading coin, the CPI coin from 15 July to 31 July 2020. Price listings will kick off at $5. The ERC20 governance token has been in a private sale that would facilitate rewards or penalties. And in their last hurrah, holders are also included in the incentive offers as they are set to get governance participation rewards through coin burns.
Later in fall, the platform plans to release their Dow Jones like coins beginning with the CPI 10 and CPI 30. Then right after CPI 30’s release, CPI Limited will officially launch in the crypto world.
The project also has plans to build a dApp as a full payment system and social media app compatible with other social apps globally. Its design will allow synchrony with different governments across the world hence an uppity tax control system.
How the UAE Royal Family is Involved
Popularity and influence of the UAE royal family are projected to direct attention to the platform hence appealing to more users. On that note, by leading as an example, the family bought 15% of the project in October 2019.
The CEO of CPI went ahead to mention that the platform will be robust, having among the most influential investors on their team.
Author’s Verdict: Worth Giving a Shot?
Starting by accounting its similarities with Dow Jones, it’s evident that CPI has a promising future in the crypto market and can be a landmark to more exciting innovations in the fintech sector.
Even though a wide variety of digital coins are continuing to flood the market, CPI’s project calendar looks more organized, with features favorable to any versatile crypto enthusiast.
However, before you embark on the project, be sure to DYOR as we have all seen in more than one occasion projects showing off their perquisites then leave investors’ requests unattended for.