CPIT is a stable cryptocurrency.
CPIT will calculate and adjust the token supply of CPIT through the protocol algorithm according to the change of the token exchange rate (such as the change of the exchange rate of CPIT against the US dollar). This monetary policy implementation method is similar to that used by global central banks today. The difference is that CPIT is decentralized, strictly enforces protocol algorithms, and does not require human intervention. It is precisely because of these that CPIT can be understood as an algorithmic agreement based on central bank policies.
The price stabilization is composed of three mechanisms: self-adaptation by speculators, a stable price pool that stores multiple assets, and a CPIT supply algorithm protocol.
CPIT is a global common currency - the post-dollar era. CPIT will abandon the US dollar in the future and instead link to CPI (Consumer Price Index) or a basket of commodities. When food and oil use CPIT to mark prices, CPIT will be widely used as a trading medium, and even really begin to replace the US dollar in terms of transaction volume. CPIT will present its technology and opportunity to the world: to develop an independent, transparent monetary policy that is more stable and more potential than any central bank's monetary policy.
CPIT needs three stages to become a global currency:
Issue CPIT based on side chain technology.
Anchoring the U.S. dollar as a guide, opening APIs to exchanges and entering the price stabilization stage.
Determine the exchange rate through the Schelling point mechanism to anchor CPI or a package of commodities, away from anchoring legal currency.