Why IndiaVix Future volume dry up?

Guess the product didn't really get accepted well with the trading community, we expected to do when it was launched and had put this post up.  My guess is one of the reasons is the higher margin requirement to trade them. 

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Most charting softwares don’t even offer charts for it yet, my guess is that because of this reason people can’t trade it using technical analysis and thus volumes are low.

Big lot size;though they have reduced it but it is still big.Very limited set of people who wants a regular exposure to volatility.But i think the main reason is understanding of “Volatility as a asset class”.This is yet to be accepted i indian scenario.