$ 0.0725 USD
$ 0.0725 USD
$ 1.915 million USD
$ 1.915m USD
$ 2,137.52 USD
$ 2,137.52 USD
$ 9,073.79 USD
$ 9,073.79 USD
27.183 million GOVI
Issue Time
2021-02-05
Platform pertained to
--
Current price
$0.0725USD
Market Cap
$1.915mUSD
Volume of Transaction
24h
$2,137.52USD
Circulating supply
27.183mGOVI
Volume of Transaction
7d
$9,073.79USD
Change
24h
0.00%
Number of Markets
24
Current Rate0
0.00USD
WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!
3H
0.00%
1D
0.00%
1W
0.00%
1M
-9.79%
1Y
-52.42%
All
-95.91%
Aspect | Information |
---|---|
Short Name | GOVI |
Full Name | Govi Cryptocurrency |
Founded Year | 2021 |
Support Exchanges | Uniswap,KuCoin |
Storage Wallet | Hardware Wallets,Software Wallets |
Customer Support | 24/7 customer support via live chat, email, and phone |
Govi (GOVI) is a cryptocurrency developed and owned by COTI, a fintech company. Serving as the native digital token of the Crypto Volatility Index, GOVI is utilized primarily within the index's ecosystem. The Crypto Volatility Index provides a decentralized, transparent platform that allows users to gain access to real-time, comprehensive data about the current market volatility. With GOVI tokens, users can exercise voting rights related to the platforms development, claim staking rewards, and influence the platform's parameters. Despite its numerous uses, it's worth noting that like any digital asset, GOVI's value can be highly volatile and investing in it carries its inherent risks. It's important for potential investors to assess these risks and conduct a thorough research before deciding to invest in GOVI.To obtain more information, you can visit their website:https://cvi.financeand try to log in or register to use more services.
Pros | Cons |
---|---|
Allows for participation in Crypto Volatility Index ecosystem | Value can be highly volatile |
Grants voting rights regarding platform's development | Risks associated with digital assets |
Can be used for claiming staking rewards | Dependent on overall success of Crypto Volatility Index |
Can influence platform's parameters | Requires thorough research before investment |
Pros of Govi (GOVI):
- Participation in Crypto Volatility Index Ecosystem: Owning GOVI tokens provides the holder with the ability to actively participate in the operations and decision making within the Crypto Volatility Index ecosystem. This participation can influence changes and developments within the platform.
- Voting Rights: GOVI token holders are granted the right to vote regarding the platform's development. This autonomy can significantly influence the future progress and direction of the Crypto Volatility Index.
- Staking Rewards: By owning and holding GOVI tokens, users are afforded the opportunity to claim staking rewards. This mechanism serves as an incentive to encourage long-term holding and use of the tokens within the platform.
- Influence on Platform's Parameters: In addition to voting rights and staking rewards, the ownership of GOVI tokens also allows users to have an impact on the platform's parameters, enabling users to have a direct bearing on the platform's operational aspects.
Cons of Govi (GOVI):
- Volatility: Like any other cryptocurrency, the value of GOVI can be highly volatile. This can present investment risks as the value of one's holdings can fluctuate drastically in short periods.
- Associated Risks: The investment in any digital asset brings along inherent risks, including cybersecurity threats, regulatory changes, and market volatility. These risks should be fully understood and considered before investing in GOVI.
- Dependence on Crypto Volatility Index Success: The value and usefulness of GOVI are inherently tied to the success of the Crypto Volatility Index. If the index falls out of use or fails to provide reliable data, the value and demand for GOVI might decrease.
- Requirement of Thorough Research: As with investing in any cryptocurrency, a potential investor must conduct thorough research before deciding to invest in GOVI. Understanding the intricacies of the cryptocurrency market, its volatility, and the specifics of GOVI is crucial for making informed investment decisions.
Govi (GOVI) introduces several unique features that differentiate it from many other cryptocurrencies. At its core, GOVI is the native token of the Crypto Volatility Index, a decentralized platform which provides users with real-time data and insights on the volatility of the cryptocurrency market.
The first innovative element of GOVI is its deep integration within the Crypto Volatility Index. This is different from cryptocurrencies that don't have a specific platform on which they are used.
Another innovation is the role GOVI plays in platform governance. Holders of GOVI can influence the platform's parameters and have the right to vote on matters regarding the platform's development, adding a significantly dynamic and democratic aspect not always present in other cryptocurrencies.
Moreover, the opportunity to claim staking rewards is another feature that sets it apart. While staking is not solely unique to GOVI, it still remains a feature that is not ubiquitous across all cryptocurrencies.
However, it is crucial to acknowledge that like other cryptocurrencies, GOVI's value can be highly volatile and is dependent on overall market trends and the success of the Crypto Volatility Index. Thus, while it presents unique aspects, it also shares common risks associated with digital assets.
Price of Govi (GOVI)
Circulation supply:
The circulating supply of Govi (GOVI) is 22.14 million tokens, as of 2023-10-31. This means that there are 22.14 million GOVI tokens in circulation that are available for trading.
Price fluctuation:
The price of GOVI has been relatively volatile since its launch in 2023. The coin reached an all-time high of $0.1574 on October 24, 2023, but has since fallen back to around $0.1374 today.
GOVI's price has been relatively stable over the past day, with only a slight increase of 1.44%.
Govi (GOVI) operates as the native token within the Crypto Volatility Index ecosystem, which is powered by blockchain technology.
Primarily, its mode revolves around users staking GOVI tokens within the Crypto Volatility Index's platforms. When a user stakes their GOVI tokens, they are essentially locking up their tokens in a contract for a specified period, during which they earn rewards proportional to their staked amount.
In terms of decision-making and governance within the Crypto Volatility Index, GOVI also operates on a democratic principle. GOVI token holders can exercise their voting rights on a variety of platform-based decisions, ranging from developmental issues to alterations in the index's parameters, giving the community the power to influence the direction of the platform.
Furthermore, the Crypto Volatility Index, which GOVI is intrinsically tied to, operates on a principle of providing real-time, transparent data about the market's current volatility. It standardizes and aggregates volatility data across the crypto sector, providing users with a comprehensive and dynamic view of market trends.
Given that the value of GOVI tokens and the functionality of the wider platform depends heavily on the broader market conditions and the performance of the Crypto Volatility Index, it's recommended that users frequently update themselves on these variables before staking or investing in GOVI.
It's important to note that the availability of Govi (GOVI) on exchanges may vary as listings are frequently updated.
1. Uniswap (V2): Uniswap is a decentralized exchange (DEX) hosted on the Ethereum blockchain. Known as an automated liquidity protocol, users can trade directly from their wallets. Govi (GOVI) can be exchanged on Uniswap generally with Ethereum (ETH). Hence, the primary token pair for GOVI on this platform is GOVI/ETH.
2. KuCoin: This is a centralized cryptocurrency exchange that supports a large variety of digital assets. Known for its user-friendly interface and comprehensive security measures, it's ideal for both novice and experienced traders. GOVI can be traded with pairs like GOVI/USDT on KuCoin.
3. Gate.io: Also a centralized exchange, it boasts a reliable technological setup and user-friendly platform. It supports the GOVI/USDT pair. Users can purchase USDT on Gate.io with other digital assets or fiat currency, and subsequently trade it for GOVI.
4. Binance: One of the most popular crypto exchanges worldwide, Binance offers an extensive list of cryptocurrencies for trading. The platform has not specifically listed GOVI at the time of this reply but it's advisable to check for updates regularly.
5. Kraken: This exchange is renowned for its security and wide variety of pairings. As with Binance, Kraken has not specifically listed GOVI at the time of this writing. It's always good to check current listings from time to time.
6. Bitfinex: Bitfinex is a cryptocurrency exchange that provides advanced services for digital currency traders and liquidity providers. Although GOVI is not listed at this moment, the ever-evolving nature of crypto listings suggests potential future inclusion.
Before investing, it is essential to boast some degree of literacy on how exchanges work, including aspects like fees, security measures and supported trading pairs. Also, it's worth noting that often wallet setups can vary across platforms, so thorough research is recommended before initiating transactions. Finally, depending on geographic location and local laws, some exchanges might not be available to certain users.
Storing Govi (GOVI) involves using a digital wallet that supports its blockchain. A digital wallet is essentially a secure digital platform used for storing, transferring, and receiving digital currency like Govi (GOVI). These wallets contain a pair of cryptographic keys: a public and a private key. The public key serves as an address that others can send money to, while the private key is used to sign transactions and access ones digital assets.
Since GOVI is an ERC-20 token, it is supported by wallets that are compatible with this standard. These wallets support not only Ethereum (ETH), but all tokens built on the Ethereum blockchain. The following are some types of wallets that can store GOVI:
1. Hardware Wallets: These are physical devices, such as Ledger or Trezor, that store users' private keys offline. Given their offline nature, they provide an additional layer of security against online threats and are suitable for storing large amounts of GOVI.
2. Software Wallets: These are applications that can be installed on a computer or a smartphone. Metamask and MyEtherWallet (MEW) are two commonly used software wallets that support ERC-20 tokens like GOVI. They are convenient for regular use, but they are typically connected to the internet and thus may be susceptible to online threats.
3. Web Wallets: These wallets run on internet browsers like Chrome, Firefox, and Edge. Users can quickly create an account and start transacting. However, being online, they face a higher risk of being hacked. MyEtherWallet is a popular option that is accessible via a web browser and supports ERC-20 tokens.
4. Mobile Wallets: These are smartphone apps suitable for daily transactions, and they are mainly used on smartphones. Some popular mobile wallets that support ERC-20 tokens include Trust Wallet and Coinbase Wallet.
Each wallet option has its advantages and disadvantages concerning convenience, security, control, and other factors. Understanding these differences can aid users in choosing the wallet that best suits their needs. Before proceeding with transactions, wallet backup and secure key storage is highly recommended. It's also important to always keep your wallets software up to date.
Buying Govi (GOVI) may be suitable for a selection of individuals, depending on their investment goals, risk tolerance, and understanding of the cryptocurrency market.
1. Crypto Enthusiasts: GOVI might appeal to those actively involved in the cryptocurrency market and who regularly engage with and understand the volatility and risks associated with digital assets. These individuals typically have a strong comprehension of the blockchain technology underlying cryptocurrencies and are comfortable with the high-risk/high-reward nature of such investments.
2. Long-term Investors: Those who plan for long-term investments and can tolerate possible short-term price volatility might consider investing in GOVI. Potential benefits include earning staking rewards over time and participating in voting rights within the Crypto Volatility Index ecosystem.
3. Technologically Savvy Individuals: People with a capacity to understand and navigate the digital and technological aspects associated with owning and transacting in GOVI would be well-suited. This includes ability to use digital wallets, understanding smart contracts, and having a grasp of blockchain transactions.
4. Community Participants: GOVI may be ideal for those willing to participate in the Crypto Volatility Index community, as ownership affords voting rights influencing the platform's development.
For those interested in buying GOVI, here are some points of advice:
1. Research: Extensively research the Crypto Volatility Index, its performance, the role and use case of the GOVI token within its ecosystem, and the market trends affecting its value.
2. Diversification: Consider diversifying your investment portfolio; this is a general recommendation to mitigate potential risks.
3. Financial Advice: Consult with a financial advisor who is knowledgeable about cryptocurrencies. They can provide personalized advice based on your financial situation and investment goals.
4. Risk: Always keep in mind that the value of GOVI, like any cryptocurrency, can be highly volatile. Be prepared for potential losses and never invest more than what you can afford to lose.
5. Security: Ensure that your GOVI tokens are stored securely. This could mean investing in a hardware wallet or using a trusted and reputable digital wallet.
Note: This advice is not meant to endorse or promote investing in GOVI, but rather to provide some considerations for those interested in this cryptocurrency. Investing in cryptocurrencies always comes with numerous risks, and it's crucial to be fully aware of these risks before investing.
Govi (GOVI) is a digital token that plays a fundamental role within the Crypto Volatility Index ecosystem. As the native token, it allows holders to participate in and influence the development of the platform, claim staking rewards, and access real-time data about the crypto market's current volatility. These factors make it unique compared to the operability of many other cryptocurrencies.
In terms of development prospects, the success of GOVI is intertwined with the wider success of the Crypto Volatility Index. This includes factors like the reliability of the index's data, its usability, and the adoption rate among crypto traders and analysts. Its innovative model of democratizing platform development via voting rights could be a positive factor, potentially fostering a dedicated user base and a dynamic, user-driven platform.
As with any cryptocurrency, whether GOVI can 'make money' or appreciate in value is speculative and subject to multiple influences. These include market trends, macroeconomic factors, regulatory changes, its adoption rate, performance of the Crypto Volatility Index, and many more.
While the staking rewards offer a potential earning mechanism, such gains can quickly be offset if the token's price were to drop significantly. Therefore, the potential for financial gain should be weighed against these risks. As always, it is strongly recommended that potential investors conduct thorough research and consider seeking advice from a financial advisor before making any investment decisions.
Q: What is the function of Govi (GOVI)?
A: Govi (GOVI) serves as the native digital token of the Crypto Volatility Index, utilised for voting on platform strategies, benefiting from staking rewards, and influencing various parameters within the platform's ecosystem.
Q: Which exchanges support the trade of Govi (GOVI)?
A: Some potential exchanges supporting Govi (GOVI) include decentralized exchanges like Uniswap and centralized platforms like KuCoin or Gate.io, although listings are subject to change.
Q: What is the risk involved in investing in Govi (GOVI)?
A: Investing in Govi (GOVI), as with any cryptocurrency, introduces potential risks such as high market volatility, the performance of the Crypto Volatility Index, and general uncertainty in the regulatory landscape of digital assets.
Q: How does one store Govi (GOVI) and which kind of wallets should be used?
A: Govi (GOVI), an ERC-20 token, can be stored in any digital wallets that are compatible with the ERC-20 standard such as Hardware Wallets (Ledger, Trezor), Software Wallets (Metamask, MyEtherWallet), and Mobile Wallets (Trust Wallet, Coinbase Wallet).
Q: Who can potentially invest in Govi (GOVI)?
A: Informed crypto enthusiasts, long-term investors, technologically adept individuals, and Crypto Volatility Index community participants might be potentially suitable candidates for investing in Govi (GOVI).
Q: Will Govi (GOVI) provide financial returns or appreciate in the future?
A: The potential for Govi (GOVI) to appreciate in value or provide financial returns largely depends on various factors such as market trends, the overall performance of the Crypto Volatility Index, and broader economic factors, which makes financial forecasting speculative and uncertain.
Q: What are the unique innovative features of Govi (GOVI)?
A: Govi's uniqueness lies in its deep integration with the Crypto Volatility Index, granting holders voting rights regarding the platform's development, and allowing holders to claim staking rewards.
Q: How does Govi (GOVI) operate within the Crypto Volatility Index ecosystem?
A: Within the Crypto Volatility Index ecosystem, owners of Govi (GOVI) tokens affects parameters of the platform, participate in governance decisions by voting, and benefit financially through staking rewards.
Q: What professional advice is proposed for those who intend to buy Govi (GOVI)?
A: For potential Govi (GOVI) investors, recommendations usually include conducting extensive research, diversifying their investment portfolio, consulting with financial advisors, being aware of the high-risk nature of cryptocurrencies, and following best practices for digital asset security.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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