IDEX IDEX
Report IssueIDEX v3 is the world's first hybrid liquidity DEX, combining a high-performance order book with AMM.
Details
Score
Sentiment
Bullish 
Fundraising Statistics
IDEXIDEX
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Short Review IDEX
Crypto project IDEX (IDEX) is classified as a DEX. IDEX is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.00 B IDEX (Circulating Supply + Tokens yet to be released - Burned Tokens).
(IDEX)
IDEX Price Chart
The launch of IDEX token trading took place on 9 May 2019.
Fundraising Rounds
Total amount of funds raised by the IDEX project is $2.50 M.
| Investment Round | Date | Price | Funds Raised |
| Seed Round | August 2020 | -- | $2.50 M |
IDEX Investors
IDEX cryptocurrency (IDEX)
IDEX is a hybrid exchange that uses smart contracts and operates on the Ethereum network. IDEX offers real-time trading and high transaction throughput. Besides the fact that IDEX is one of the most advanced DEX Ethereum, it supports limit and market orders , and also allows you to perform many transactions simultaneously.
The platform has the IDEX token of the same name. Token owners receive compensation of up to 50% of IDEX trading commissions. And if fraudulent activity is detected and stopped on the network, stakers also have the right to claim a larger pool of IDEX tokens.
It is worth noting how the workflow works. In addition to having smart contracts, the IDEX platform also has a trading mechanism and arbitration. Smart contracts ensure the safety of assets and carry out settlements for trading operations. The trading mechanism ensures constant updating of information about transactions in real time. The system arbiter manages the queue, ensuring the order in which orders are executed. In addition, it monitors the synchronization of smart agreements with cryptocurrency balances on the exchange platform.
History of the IDEX project
IDEX exchange was founded in January 2018. The original idea for this project belongs to two people who played a very important role in its development. The founder and CEO of this project is Alex Vern. He is also an expert on leading software development teams. Alex Verne has experience working with large companies such as Amazon, Adobe, IBM and many others. Jason Ahmad is a developer on the IDEX project. He is a graduate of Stanford University. Jason Ahmad also currently leads the Aurora engineering team. AuroraLabs is the parent company of the IDEX project. The headquarters is located in the USA.
IDEX Benefits
- Escape Hatch IDEX allows its users to exit a smart contract directly after a long period of inactivity. Thus, even if the exchange servers are unavailable for any reason, you can return your funds.
- Fast processing of orders. Order processing is very fast. Users do not have to wait long to place an order and then complete the transaction. All transactions are completed within a minute. Moreover, thanks to this, you can make multiple transactions simultaneously.
Disadvantages of IDEX
- Works only with tokens on the Ethereum network.< /li>
- Commission. In addition to the gas fee, IDEX charges a commission of 0.2% from the taker for each trade.
