Just as the stock market has the Dow Jones Industrial Average and S&P 500, among other indices, crypto markets need a trusted market indicator that traders can reference when making investment decisions.
SAINT JULIAN'S, Malta (PRWEB) November 14, 2019
Crypto Price Index (CPI), the most comprehensive index of the crypto market to-date, seeks to offer investors an easy-to-reference indicator of crypto market health. The API will be available to investors and exchanges via the CPI base coin, which will save traders time and resources, ultimately enabling better investment decisions. All transactions of CPI coins will be recorded transparently on the CPI proprietary blockchain.
The CPI base coin will produce index coins, such as the CPI200, which is based on the average price of the top 200 trading cryptocurrencies on the market calculated via CPI’s proprietary algorithm.
Founder and CEO Herbert Law said, “Just as the stock market has the Dow Jones Industrial Average and S&P 500, among other indices, crypto markets need a trusted market indicator that traders can reference when making investment decisions. We aim to provide that solution with CPI, which we developed to serve as a standard value reference in cryptocurrency markets.”
Earlier this year, CPI won full endorsement and support from members of the Emirati Royal Families. This support, together with their direct participation on the company's board, brings a global level of stability and recognition.
His Highness Sheikh Abdullah Bin Rashed Al Sharqi, an advisor to the board of CPI, said, “Decentralized finance is one of the most important movements of our time. By providing up-to-date pricing data, Crypto Price Index has the potential to become one of the most valuable sources of information for digital asset traders and market participants.”
In the future, CPI will be listed on ZBX. CPI will Introduce the first index coin the CPI 30 and the CPI1 in the near future. Later when the crypto market grows in the future and becomes more capable CPI will plan to introduce the CPI 100 and the CPI200.
About Crypto Price Index
Crypto Price Index (CPI) is a new innovative way to easily track the top 200 cryptocurrencies by market capitalization. Like the Dow Jones Industrial Average, the CPI Index, alongside its native token the CPI coin, provides insight into the trading history of the leading blockchain projects. Our mission is to make the CPI Blockchain a single trustworthy source of up-to-date price data for the digital asset markets, becoming a valuable source of information for traders and other market participants.