Convert Indigo Protocol INDY to Dai DAI
INDY to DAI: 1 Indigo Protocol converts to 0.09977 DAI
Indigo Protocol (INDY) is not tradable on Coinbase.
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About INDY and DAI
Indigo Protocol is falling, while Dai is climbing this week. The current INDY to DAI conversion rate is 0.09977. Inversely, this means that if you convert 1 DAI you will get 10.02 INDY. The conversion rate of INDY/DAI has decreased by 0.06% in the last hour (DAI/INDY increased by 0.06%). In the last 24 hours, INDY/DAI shrunk by 3.2%, while DAI/INDY grew by the same amount.
The exchange rate of Indigo Protocol is decreasing. The current value of 1 INDY is 0.09977 DAI. In other words, to buy 5 Indigo Protocol, it would cost you 0.49886 DAI. Inversely, 1 DAI would allow you to trade for 10.02 INDY while 50 DAI would convert to 501.14 INDY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 2.13%. Meanwhile, in the last 24 hours, the rate has changed by 3.44%, which means that the highest exchange rate of 1 INDY to DAI was 0.1036 DAI and the lowest 24 hour value was 1 INDY for 0.09963 DAI. Last month, 1 INDY was worth 0.1138 DAI. Today, it's down 14.08%. Looking back a year, Indigo Protocol has changed by 1.15 DAI. That means that in a single year, the value of Indigo Protocol has shrank by 1,048.93%.
Indigo Protocol Market Stats
What is Indigo Protocol? Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano, and has brought the first Native Stablecoin to the Cardano ecosystem, iUSD. How does Indigo work? Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself. What are Synthetic Assets? Synthetic Assets give users exposure to a variety of assets without the need to actually own the underlying asset. These assets can be anything that has value in the real world. With its transparency, efficiency, low barriers to entry, and decentralized traits, the Blockchain can smoothly deliver all these assets to anyone with access to the Internet. The INDY governance token comes from its use in the Indigo DAO voting process. The total supply of INDY will be 35M tokens with a 6-decimal precision. The max supply of INDY will be distributed to protocol users, stakers, and LPs over the course of four years. We believe in a fair distribution of the INDY tokens to the early adopters of the protocol, therefore there will be NO community pre-sale via ICO/ISO/ISPO. What is the Indigo DAO? Indigo is a decentralized community-led project. The Indigo DAO owns the Indigo Protocol, including the application, website, and all intellectual property. A DAO (decentralized autonomous organization) is like a company, but instead of being incorporated in a country is established in a blockchain. You, the Indigo community, control the decisions for the Indigo DAO. You can cast your votes using the INDY token. A forum has been established to help facilitate community votes. All Indigo community members are encouraged to join the forum to propose, discuss and vote on ideas to guide Indigo’s future direction.
Dai Market Stats
Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform. Read more at makerdao.com/whitepaper.
Conversion tables
INDY to DAI values from Today at 5:05 am
0.5 INDY = 0.04989 DAI |
1 INDY = 0.09977 DAI |
5 INDY = 0.4989 DAI |
10 INDY = 0.9977 DAI |
50 INDY = 4.99 DAI |
100 INDY = 9.98 DAI |
500 INDY = 49.89 DAI |
1,000 INDY = 99.77 DAI |
DAI to INDY values from Today at 5:03 am
0.5 DAI = 5.01 INDY |
1 DAI = 10.02 INDY |
5 DAI = 50.11 INDY |
10 DAI = 100.23 INDY |
50 DAI = 501.14 INDY |
100 DAI = 1,002.28 INDY |
500 DAI = 5,011.39 INDY |
1,000 DAI = 10,022.78 INDY |
INDY to DAI over time
INDY | Today | 24H -3.44% | 1M -14.08% | 1Y -1,048.93% |
|---|---|---|---|---|
0.5 INDY | 0.04989 DAI | 0.0516 DAI | 0.05691 DAI | 0.5732 DAI |
1 INDY | 0.09977 DAI | 0.1032 DAI | 0.1138 DAI | 1.15 DAI |
5 INDY | 0.4989 DAI | 0.516 DAI | 0.5691 DAI | 5.73 DAI |
10 INDY | 0.9977 DAI | 1.03 DAI | 1.14 DAI | 11.46 DAI |
50 INDY | 4.99 DAI | 5.16 DAI | 5.69 DAI | 57.32 DAI |
100 INDY | 9.98 DAI | 10.32 DAI | 11.38 DAI | 114.63 DAI |
500 INDY | 49.89 DAI | 51.60 DAI | 56.91 DAI | 573.16 DAI |
1,000 INDY | 99.77 DAI | 103.20 DAI | 113.82 DAI | 1,146.32 DAI |
Frequently asked questions
Right now, 1 Indigo Protocol is worth about $0.09975.
Based on the current rate, you could get 10.02 INDY for 1 USD.
Indigo Protocol price has been declining. Since yesterday, the exchange rate of Indigo Protocol has decreased. Since last month, the exchange rate of Indigo Protocol has decreased. Since this time last year, the price of Indigo Protocol has decreased.
You can use our INDY to USD calculator at the top of this page to convert any amount of INDY to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 50.12 INDY. Inversely, 5 INDY will cost about $0.4988
Indigo Protocol is not currently available through Coinbase, but you can sign up to get the latest news on Indigo Protocol and be notified when it is available.
There are a number of crypto assets that have the a similar or comparable market cap to Indigo Protocol, including VNX Euro, Ribbon Finance, and Adappter Token. For a more robust list of assets to explore, jump to the asset page dedicated to Indigo Protocol.
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