Convert Indigo Protocol INDY to Wrapped Bitcoin WBTC
INDY to WBTC: 1 Indigo Protocol converts to 0.000001594 WBTC
Indigo Protocol (INDY) is not tradable on Coinbase.
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About INDY and WBTC
Indigo Protocol is climbing, while Wrapped Bitcoin is falling this week. The current INDY to WBTC conversion rate is 0.000001594. Inversely, this means that if you convert 1 WBTC you will get 627,212.04 INDY. The conversion rate of INDY/WBTC has increased by 0.1% in the last hour (WBTC/INDY decreased by 0.1%). In the last 24 hours, INDY/WBTC grew by 4.22%, while WBTC/INDY shrunk by the same amount.
The exchange rate of Indigo Protocol is increasing. The current value of 1 INDY is 0.000001594 WBTC. In other words, to buy 5 Indigo Protocol, it would cost you 0.000007972 WBTC. Inversely, 1 WBTC would allow you to trade for 627,212.04 INDY while 50 WBTC would convert to 31,360,602.03 INDY, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 11.76%. Meanwhile, in the last 24 hours, the rate has changed by 3.98%, which means that the highest exchange rate of 1 INDY to WBTC was 0.0000016 WBTC and the lowest 24 hour value was 1 INDY for 0.000001528 WBTC. Last month, 1 INDY was worth 0.000001833 WBTC. Today, it's down 14.98%. Looking back a year, Indigo Protocol has changed by 0.000009085 WBTC. That means that in a single year, the value of Indigo Protocol has shrank by 469.83%.
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.
Wrapped Bitcoin Market Stats
Wrapped Bitcoin (WBTC) is an Ethereum token that is intended to represent Bitcoin (BTC) on the Ethereum blockchain. It is not Bitcoin, but rather a separate ERC-20 token that’s designed to track Bitcoin’s value. WBTC was created to allow Bitcoin holders to participate in decentralized finance (“DeFi”) apps that are popular on Ethereum. Through a WBTC partner, 1 Bitcoin can be exchanged for 1 Wrapped Bitcoin, and vice-versa. The BTC that backs WBTC is verifiable through a “proof of reserve” system that verifies the 1:1 backing between minted WBTC tokens and Bitcoin stored by custodians. WBTC is maintained by a group called the WBTC DAO that consists of over 30 members. It was originally started by BitGo, Ren, and Kyber.
Conversion tables
INDY to WBTC values from Today at 11:45 pm
0.5 INDY = 0.0000007972 WBTC |
1 INDY = 0.000001594 WBTC |
5 INDY = 0.000007972 WBTC |
10 INDY = 0.00001594 WBTC |
50 INDY = 0.00007972 WBTC |
100 INDY = 0.0001594 WBTC |
500 INDY = 0.0007972 WBTC |
1,000 INDY = 0.001594 WBTC |
WBTC to INDY values from Today at 11:45 pm
0.5 WBTC = 313,606.02 INDY |
1 WBTC = 627,212.04 INDY |
5 WBTC = 3,136,060.20 INDY |
10 WBTC = 6,272,120.41 INDY |
50 WBTC = 31,360,602.03 INDY |
100 WBTC = 62,721,204.07 INDY |
500 WBTC = 313,606,020.35 INDY |
1,000 WBTC = 627,212,040.70 INDY |
INDY to WBTC over time
INDY | Today | 24H 3.98% | 1M -14.98% | 1Y -469.83% |
|---|---|---|---|---|
0.5 INDY | 0.0000007972 WBTC | 0.0000007654 WBTC | 0.0000009166 WBTC | 0.000004543 WBTC |
1 INDY | 0.000001594 WBTC | 0.000001531 WBTC | 0.000001833 WBTC | 0.000009085 WBTC |
5 INDY | 0.000007972 WBTC | 0.000007654 WBTC | 0.000009166 WBTC | 0.00004543 WBTC |
10 INDY | 0.00001594 WBTC | 0.00001531 WBTC | 0.00001833 WBTC | 0.00009085 WBTC |
50 INDY | 0.00007972 WBTC | 0.00007654 WBTC | 0.00009166 WBTC | 0.0004543 WBTC |
100 INDY | 0.0001594 WBTC | 0.0001531 WBTC | 0.0001833 WBTC | 0.0009085 WBTC |
500 INDY | 0.0007972 WBTC | 0.0007654 WBTC | 0.0009166 WBTC | 0.004543 WBTC |
1,000 INDY | 0.001594 WBTC | 0.001531 WBTC | 0.001833 WBTC | 0.009085 WBTC |
Frequently asked questions
Right now, 1 Indigo Protocol is worth about $0.1033.
Based on the current rate, you could get 9.68 INDY for 1 USD.
Indigo Protocol price has been on the rise. Since yesterday, the exchange rate of Indigo Protocol has increased. 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 48.42 INDY. Inversely, 5 INDY will cost about $0.5163
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 IDEX, VNX Euro, and MIA. For a more robust list of assets to explore, jump to the asset page dedicated to Indigo Protocol.
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