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COTI holders are free to apply for the first batch of CVIX token distribution, 645,900 tokens have been distributed

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This is just the first airdrop.

Rhythm Blockbeats news, recently, the DAG payment network COTI announced that the tokens corresponding to the Volatility Index (VIX) designed for the decentralized finance (DeFi) market have completed the first batch of tokens The specific distribution rules are as follows:

·1077 COTI holders applied through COTI Pay Viper wallet, of which 982 met the conditions to obtain CVIX

·The value of COTI that participated in the application exceeded US$1.8 million

·Among the total 32 million CVIX, 561,900 CVIX tokens were distributed to COTI holders this time, 53,300 of CVIX tokens were distributed to liquidity providers, and 30,700 CVIX were distributed to development funds

Uniswap's ERC20/ETH liquidity pool increased by 4 times to more than 400,000 US$

As far as I know, this is only 8 batch allocations For the first time in , to obtain the corresponding tokens, users can secure COTI deposits in VIPER wallet or provide liquidity on Uniswap.

The cryptocurrency panic index (cVIX) developed by COTI is a hedging tool specially designed for the DeFi market. The cVIX index is basically the same as the common VIX index and can be used as a hedging tool for DeFi investment. COTI plans to join a decentralized trading system, allowing traders to directly perform long and short operations on the cVIX index.