Market Performance
Info updated 1 year ago
Project Introduction

CPIT is a stable cryptocurrency.CPIT will use protocol algorithms to calculate and adjust CPIT's token supply based on changes in token exchange rates (such as changes in CPIT's exchange rate against the US dollar). This monetary policy implementation method is similar to that used by global central banks today, except that CPIT is decentralized, strictly follows protocol algorithms, and does not require human intervention. It is precisely because of these that CPIT can be understood as an algorithmic protocol based on central bank policies.Stabilizing prices is composed of three mechanisms: speculator adaptation, a stable price pool with multiple assets stored, and the CPIT supply algorithm protocol.CPIT is the global currency - the post US dollar era. CPIT will abandon the US dollar in the future and link it to CPI (consumer price index index) or a package of goods instead. When food and oil are priced using CPIT, CPIT will be widely used as a trading medium, and even truly begin to replace the US dollar in terms of trading volume. CPIT will showcase its technology and opportunities to the world: developing an independent, transparent, and more stable and promising monetary policy than any central bank.CPIT requires three stages to become a global currency:Release CPIT based on side chain technology.Anchor the US dollar as a guide and open the API to the exchange to enter the stable price stage.Using the Schelling point mechanism to determine exchange rates to anchor CPI or a basket of commodities, breaking away from anchoring fiat currencies.

Performance
*All info & data are for reference only, not investment advice!
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