icon - IDEX
+ 1.24%
$ 0.05383346
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 492
    $ 0.05383346
    $ 36,276,143
    $ 7,452,410
    673,858,614 IDEX
    + 1.24%
What is Idex?
Idex claims to be the first hybrid DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security of an AMM. Combining an off-chain trading engine with on-chain trade settlement is what Idex does.
The approach does away with failed trades and wasted money, making the trading experience more pleasant and efficient. The instant trade execution means front-running or sandwich attacks are not possible and users can trade without waiting for previous trades to settle.
Idex follows an ambitious plan that envisions a multi-chain future for the exchange. Second layer solutions and Polkadot will be launched for the remainder of the year.

Who are the people who started Idex?
Alex Wearn and his brother and COO Phil Wearn launched Idex. Alex Wearn is a graduate of the Kellogg School of Management and worked for companies such as Amazon, IBM, and Adobe. Phil Wearn has a degree in engineering and entrepreneurial experience. Brian Yennie is a software engineer with over 20 years of experience. The current Idex team is made up of 29 people.

What makes Idex unique?
Idex combines an order book model with an automated market maker. Idex uses an off-chain trading engine to execute trades. An order book is used to process trades.
Users benefit from not having to pay network costs for placing and canceling orders.
Virtual limit orders are displayed in the order book with real limit orders to visualize AMM in the order book model.
Idex uses smart contracts to decentralize. The order book model requires the smart contract to execute trades off-chain but settle them on-chain with a delay. The smart contract restricts the movement of funds until the settlement is finished. A special function in the smart contract ensures funds cannot be restricted indefinitely.

There are pages related to this.
dYdX is one of the most popular exchanges.
There is an exchange for trading futures.
We have a deep dive about decentralization.
The latest trading insights and news can be found on the blog.

How many Idex coins are in circulation?
1 billion IDEX is the total supply.
Market maker rewards, marketing campaigns, and airdrops make up 40%.
IDEX members are 10%.
25% of the team.
10% is for the future employee token pool.
10% is the future use.
Business expenses are 5%.

How is the Idex network secured?
IDEX is a token. The DEX has been audited by a leader in security that has worked with other projects.
The standard for new token publishing is called the ERC-20. The go-to solution for many applications and exchanges to launch on is the ether. The network is secured by a proof-of-stake consensus mechanism.

I want to know if Idex can hit $1.
The innovative combination of an order book with an automated market maker has recently seen the price of IDEX explode from under $0.10 to an all-time high of above $0.60 At the time of writing, the price was at $0.30

Where can you buy Idex?
IDEX is available on a number of websites.