The CPI project is the very first token ecosystem of its kind, which provides multiple options for users to gain broad exposure to the cryptocurrency market through our ‘CPIx’ dETPs (decentralized exchange traded portfolios). Unlike other funds, CPIx tokens will be novel in their approach of showing token holders a diversified range of assets across a cross-section of the cryptocurrency markets.
Our infrastructure, built and deployed on the tried and tested Ethereum and BSC blockchains, uses advanced technical architecture to track a basket of assets for each CPIx token minted.
The CPI token is a governance token, which is used to represent an interest in the health of the CPI & CPIx ecosystem.
In this way, the CPI token will be the core unit of the CPI ecosystem, as it’s directly used to access our products and services, and is in no way an investment by itself.
CPI holders are incentivised to participate in the governance of the ecosystem through coin burns.
CPIx tokens are backed by component assets, held via an escrow smart contract. In order to mint CPIx tokens, componement assets must be deposited to the balancer pool.
Users can mint CPIx Tokens by depositing token assets, such as ETH or wrapped BTC. In order to redeem tokens, users can redeposit their CPIx back to the smart contract, simultaneously receiving their underlying assets and burning the CPIx specific to that contract, e.g. CPI8. The token will then self balance.