IDEX is a decentralized exchange (DEX) utilizing Optimized Optimistic Rollup (O2 Rollup) technology More
Fully Diluted Valuation | $25.87M |
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24H Trading Volume | $23.94M |
24H Low / High | $0.03 / $ 0.03 |
Circulating Supply | 962.09 M |
Total Supply | 1.00 B |
Max Supply | 1.00 B |
Categories | Decentralized Exchange (DEX) 7 more |
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Founder | Alex Wearn |
Website | idex.io Whitepaper |
Socials | 4 more |
Chains |
Ethereum Ecosystem
1 more
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Explorer | Ethplorer 3 more |
Contracts |
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Name | Pair | OG Score |
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In the ever-evolving landscape of decentralized finance (DeFi), IDEX has emerged as a trailblazer with its innovative approach to non-custodial trading. Originally launched in 2017, IDEX underwent a significant transformation in 2019, consolidating under its current name. Now, with IDEX 2.0, built on the Optimized Optimistic Rollup (O2 Rollup), the platform aims to address the scalability challenges faced by blockchain networks.
Optimized Optimistic Rollup: Scaling for Efficiency
IDEX 1.0 introduced a deposit contract and a single authorized submitter address, enabling escrow of funds and trade settlement coordination. However, the drawback was the sequential settlement of trades on the network. To overcome this limitation, IDEX developed the O2 Rollup, a novel layer-2 design that facilitates unlimited off-chain scaling with a fixed on-chain settlement cost. This breakthrough method ensures more efficient trade settlement, marking a significant step forward in blockchain scalability.
Hybrid Liquidity DEX Model:
IDEX stands out as the first hybrid liquidity decentralized exchange (DEX) that combines the order book model with an automated market maker (AMM). The off-chain trading engine processes trades in real-time, ensuring instant execution without the need to wait for settlements. This not only eliminates failed trades but also reduces gas fees, enhancing the overall trading experience.
Key Features and Benefits:
Instant trade execution prevents front-running and sandwich attacks.
Users can trade without waiting for previous trades to settle, enabling advanced order types and trading strategies.
The combination of order book and AMM enhances security, liquidity, and performance.
IDEX's roadmap includes expansion to multiple blockchains, with current operations on Ethereum and Binance Smart Chain.
Founders and Team:
IDEX was founded in 2017 by CEO Alex Wearn and COO Phil Wearn, both bringing diverse expertise to the project. The team, currently 29 members strong, includes CTO Brian Yennie, a seasoned software engineer with over 20 years of experience. IDEX's success is underscored by a $2.5 million seed investment led by G1 Ventures and Borderless Capital, among others.
Tokenomics and Security:
The IDEX token (IDEX) has a total supply of 1 billion, distributed across market maker rewards, team allocations, business expenses, and more. The ERC-20 token, audited by Quantstamp, adheres to high security standards, ensuring a robust and resilient platform. Users can also stake IDEX with a minimum of 10,000 tokens, further enhancing network security.
Future Outlook:
With recent price surges and a promising roadmap, IDEX has demonstrated its potential for growth. The combination of order book and AMM liquidity, along with expansion plans to additional blockchains, positions IDEX as a key player in the decentralized trading ecosystem.
Conclusion:
IDEX's unique hybrid liquidity model, coupled with its commitment to scalability and security, places it at the forefront of the decentralized finance revolution. As the platform continues to evolve and expand, IDEX is poised to play a pivotal role in shaping the future of decentralized trading.
IDEX stands out as the first hybrid liquidity decentralized exchange (DEX) that seamlessly combines an order book model with an automated market maker (AMM), ensuring instant trade execution, enhanced security, and advanced trading strategies.
IDEX was founded in 2017 by CEO Alex Wearn and COO Phil Wearn, bringing a wealth of expertise to the project. The management team, led by the Wearn brothers, has played a crucial role in IDEX's success.
IDEX secured a $2.5 million seed investment led by notable backers, including G1 Ventures and Borderless Capital. Other contributors to the funding round included Collider Ventures and Gnosis, highlighting strong support from the blockchain investment community.
You can buy IDEX (IDEX) on Binance, Gate.io, Bitget, MEXCCoinbase cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of IDEX (IDEX) is ($962,088,209), max supply of IDEX IDEX is ($1,000,000,000) and the market cap of IDEX IDEX is ($24,891,659).
What is the IDEX (IDEX) price prediction?
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The current market price of IDEX (IDEX) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
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Does the team have a realistic roadmap and can catch up with it?
Does IDEX (IDEX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
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