This week, the CVX crypto asset will be listed on Indodax. Open deposit will start on March 02, 2022 at 14:00 WIB and open trading will start on March 03, 2022 also at 14:00 WIB.
Being one of the first four new crypto assets on Indodax in March 2022, CVX is a purposeful platform that allows users to receive maximum increase from CRV in a simplified way and allows users to collect their actual rewards directly without automatic sales. Let’s cut to the chase! Come and find out more here!
CONVEX
Convex Finance, a platform built to increase rewards for CRV shareholders and liquidity providers, all in a simple and easy-to-use interface.
Convex aims to simplify staking on Curve, as well as the CRV locking system with the help of a native fee-generating token: CVX.
CVX has Incentivized Liquidity mining To bootstrap liquidity for CVX and cxvCRV tokens, liquidity providers for the following Sushiswap pools will be able to store their LP tokens on Convex, and receive CVX tokens as rewards.
Motivations and Goals
As DeFi farmers ourselves we saw a need for a platform that allowed users to receive the max boost possible from CRV in a simplified manner and allow users to collect their actual rewards directly without auto-selling. We also believe CRV stakers should be rewarded more as they are, in effect, mining together with Liquidity Providers. We intend to change that with Convex by charging a lower performance fee, returning fees back to the CRV stakers and CVX token holders, and distributing rewards directly.
Other Information
- Treasury will be held by a multisig and used for future incentives and/or rewards for community driven activities.
- Curve LP Farming rewards are minted for each CRV claimed at a determined ratio. This ratio decreases as total supply increases.
- Stake CVX in a reward contract to receive platform fees in cvxCRV.
- Starting Liquidity Mining pools will be cvxCRV/CRV and CVX/ETH.
CVX Crypto Assets
The current CoinMarketCap ranking is #3493, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
How to Buy CVX Crypto Assets on Indodax
For those of you who want to buy CVX crypto assets, you can buy them on Indodax starting 02 March 2022 at 14:00 WIB
Here’s how to buy it:
- For those of you who are not yet a member, you can click the link here
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link
- After your deposit and balance come in, you can return to the market
- Look for CVX in the Rupiah market then click
- After entering, all you have to do is buy by filling in the balance and at what price you want to buy CVX. You can also buy it instantly or directly at the current price
- After that, you need to patiently wait for the price to increase for some time
- After the price increases, you can sell it at a higher price with the instant method
- If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
