How to Buy IDEX
When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy IDEX and help you discover other crypto similar to IDEX.
Create a Coinbase account to buy and sell IDEX on the most secure crypto exchange.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of IDEX has risen by 3.94% in the past 7 days. The price increased by 0.68% in the last 24 hours. The current price is $0.0499 per IDEX. IDEX is 94.86% below the all time high of $0.97.
The current circulating supply is 673,858,613.501 IDEX.
IDEX is an Ethereum token that powers the IDEX decentralized exchange, which combines an order book and automated market maker (AMM). IDEX holders can stake tokens in order to help secure the protocol and earn rewards.
is a hybrid decentralized exchange () that combines a high-performance orderbook and matching engine with an automated market maker (). refers to a list of orders for a specific asset organized by price level. The platform blends the advantages of centralized and decentralized exchanges with the performance and characteristics of a traditional orderbook and the liquidity and security of an AMM. IDEX permits traders to obtain the best practices, prevent failed transactions, while providing liquidity, all with the power of actual limit and stop-loss orders. IDEX operates on the Polygon , supporting and assets.
The three important aspects of the platform are high-performance exchange, hybrid liquidity, and . The high-performance exchange component is analogous to that on top of centralized exchanges. This design allows IDEX to match centralized exchanges in latency and performance that are unavailable from other DEXs.Further, the IDEX Hybrid Liquidity (IDEX HL) incorporates a traditional orderbook and matching engine with AMM liquidity pools. So, traders are seamlessly matched against the most suitable combination of limit orders and pool liquidity for low-cost execution without any additional efforts. IDEX HL relies on smart contracts to handle security and trade settlement, enforcing the constraints of the AMM pricing curve and enabling users to manage custody of their assets.
Next, the IDEX smart contract contains three settlement processes employed in various circumstances depending on the type of liquidity being matched. The IDEX smart contracts bring programmatic guarantees to the platform. So, IDEX utilizes a series of smart contracts to decentralize fund custody and trade settlement by introducing such novel DeFi mechanisms.
About the economics of the token, the IDEX token aligns rewards between the exchange and IDEX token stakers who play a vital role in the operations of IDEX. Stakers are rewarded with half (50%) of the trade fees for their participation.
keep a real-time record of system data. This reduces the IDEX's operational cost by offloading popular API (application programming interface) operations. Staking nodes are evaluated by their uptime to determine their performance. Uptime is a function of API performance and online sessions.
IDEX tokens should be placed as collateral to act as nodes and receive payment for node operations. In the event of serving incorrect data, the respective node address will be blacklisted, and the operator must re-incubate their tokens. IDEX staking allows for “riskless” staking from cold storage as no slashing mechanism is involved.
The governance contract manages the upgrade process. The contract contains the logic and constraints for changing the exchange and governance contract addresses within the custodian. This enables changing both the exchange features and governance process without requiring users to migrate funds from the custodian contract.
Alex Wearn and Philip Wearn cofounded IDEX.
Alex has led product development and software teams at Adobe, Amazon, IBM, and other industry-leading tech companies. With a dual MBA in finance and operations and MS in design and innovation from Northwestern’s Kellogg School of Management, Alex specializes in leading operations, marketing, and sales analytics for cutting-edge software products. Before joining Aurora, he led a product management team to re-platform their application to operate on a private blockchain.
Philip Wearn also cofounded EtherEx. He also served as an account specialist in Janus Capital Group. Philip has completed his bachelor's degree in aerospace from Virginia Tech.
One can earn IDEX by running nodes on the main network by staking and validating transactions.
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The price of 1 IDEX currently costs $0.0499.
The current market cap of IDEX is $33.59M. A high market cap implies that the asset is highly valued by the market.
The all-time high of IDEX is $0.97. This all-time high is highest price paid for IDEX since it was launched.
Over the last 24 hours, the trading volume of IDEX is $4.71M.
The current circulating supply of IDEX is 674 million.
The median time that Coinbase customers hold IDEX before selling it or sending it to another account or address is 5 days.
IDEX ranks 145 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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