Govi
Crypto Overview
Overview
GOVI is the governance token of CVI (Crypto Volatility Index), a decentralized platform launched in 2021 that aims to track and trade crypto market volatility. The protocol allows users to take positions on cryptocurrency market volatility similar to how the VIX index works for traditional markets.
Intended Utility
The GOVI token serves multiple purposes within the ecosystem: It enables holders to participate in governance decisions regarding the protocol parameters, provides access to platform features, and allows staking for earning platform fees. Additionally, GOVI token holders can participate in the protocol's DAO governance system.
Actual Utility and Implementation
The token is actively used for its intended purposes, with observable on-chain activity in governance voting and staking. The platform maintains regular development updates and has implemented several protocol improvements since launch. The development team continues to be active in maintaining and upgrading the protocol.
Token Distribution and Founder Analysis
The token distribution includes allocations for the team, development fund, and community treasury. Team tokens are subject to vesting periods to ensure long-term alignment. The founding team has maintained transparent communication and consistent development work on the protocol.
Technical Implementation
The protocol operates on the Ethereum blockchain and has undergone security audits. The smart contracts implementing the volatility index and trading functionality are open source and have been validated by third-party auditors.
Crypto Impact
To assign a comfort level investing in Govi from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Govi.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.