What is a CPI coin?

The CPI coin is essentially a governance token, which is used to represent an interest in the health of the CPIX token ecosystem. In this way, the CPI token will be the core unit of the CPI ecosystem, as it is directly used to access products and services within the ecosystem.

What is crypto Price Index (CPI)?

The Crypto Price Index is an ecosystem that seeks to provide broad exposure of the cryptocurrency market to users through its CPIx dETPs (decentralized exchange-traded portfolios). CPIx tokens have a diversified range of assets for token holders across the cryptocurrency market.

What is a CPI token?

In this way, the CPI token will be the core unit of the CPI ecosystem, as it is directly used to access products and services within the ecosystem. CPI token holders will be able to reward or penalize participants in the CPI network. CPI holders are incentivized to participate in the governance of the ecosystem through coin burns.

What's going on with Bitcoin (BTC)?

Bitcoin (BTC) hovered at just under $30,000 during European trading hours, showing signs of weakness ahead of the release of the U.S. consumer price index (CPI) report Friday. The asset has traded in a relatively tight range of $28,000 to $31,000 over the past month amid a poor macroeconomic market sentiment and systemic risks in the crypto sector.