CGV Token Launch in a Nutshell
Tokenomics, CGV utility, and more.
As we’re approaching the CGV Token Generation Event, we want to go over all the important information related to the launch. That way, our community will navigate through all announcements easily.
The CGV launch — 2nd of June.
What is Cogito Protocol?
Cogito Protocol offers a “stablecoin-as-a-service” framework to create digital assets with low volatility called “tracercoins” such that they act as complements to existing crypto stablecoin landscapes.
These digital assets are designed to offer stability without being directly correlated to traditional currencies or commodities. Instead, they are linked to non-financial indices that represent human progress, such as environmental and technological advancements.
This state-of-the-art feature of tracercoins makes their value determined by a vast array of macro data that reflects genuine progress. This means that the value of tracercoins can provide a fair and independent measure of value, which is more effective and more resistant to manipulation than any other alternative.
Read more here: https://medium.com/@CogitoProtocol/introducing-cogito-protocol-core-mission-and-vision-ce26bd6d807c
CGV token is the governance and utility token of the Cogito Protocol. The token will enable the community to directly contribute to the roadmap of the project and influence various parameters of tracercoin.
CGV token utilities:
- Index management — adjusting components and weights of indices
- Treasury management — regulating the allocation of assets to different portfolios
- Changing the minting and redemption policy for tracercoins
- Voting on launching new tracercoins
- Changing CGV’s buyback-and-burn mechanism
The Cogito Protocol TGE will occur on SingularityDAO, Seedify, GeniusX, and EnjinStarter.
These countries cannot contribute to the CGV Token Generation Event: Afghanistan, Albania, Algeria, American Samoa, Bangladesh, Belarus, Bosnia and Herzegovina, Central African Republic, China, Cote D’Ivoire, Crimea, Donetsk and Luhansk, Cuba, Guam, Republic of the Congo, Democratic Republic of Congo, Egypt, Eritrea, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mali, Morocco, Myanmar (Burma), Nepal, North Korea, Northern Mariana Islands, Puerto Rico, Qatar, Russia, Somalia, South Sudan, Sudan, Syria, Tunisia, United States of America, United States Minor Outlying Islands, United States Virgin Islands, United Arab Emirates (UAE), Venezuela, Yemen, Zimbabwe
About Cogito Protocol:
Cogito Protocol is a spin-off of SingularityNet. It offers a framework for creating tracercoins, which are a new class of assets that range from low-volatility stablecoins to medium-volatility growth assets. This approach helps attract a diverse, global investor base with a low to medium risk appetite.
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