Indigo Protocol
INDY Price
Indigo Protocol is an autonomous synthetics protocol on the Cardano blockchain, enabling the creation of synthetic assets (iAssets) representing real-world assets, such as Bitcoin. More
| Fully Diluted Valuation | $55.01M |
|---|---|
| 24H Trading Volume | $163,114 |
| 24H Low / High | $1.45 / $ 1.61 |
| Circulating Supply | 16.40 M |
| Total Supply | 35.00 M |
| Max Supply | 35.00 M |
| Categories | Synthetic Issuer |
|---|---|
| Founder | Cody Butz |
| Website | indigoprotocol.io |
| Socials | 3 more |
| Chains | cardano |
| Explorer |
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| Contracts |
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| Name | Price | 24h | 7d | Market Cap | OG Score | OG 90d |
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Indigo Protocol, operating on the Cardano blockchain, introduces an autonomous synthetics solution for on-chain exposure to real-world assets. This article aims to objectively explore the key features that position Indigo Protocol as a notable player in the domain of synthetic assets and decentralized finance.
Autonomous Synthetics on Cardano
Indigo Protocol distinguishes itself by offering users the capability to create synthetic assets, or iAssets, representing real-world assets like Bitcoin. Utilizing stablecoins and ADA for creation, these iAssets simulate the price effect of holding the actual asset, providing users the opportunity to profit from asset price increases without ownership.
Synthetic Assets: An Instrument for Diversification
Indigo Protocol facilitates exposure to a range of real-world assets through synthetic assets. These assets, mirroring anything of value in the real world, allow users to diversify without the need for direct ownership. The blockchain's inherent transparency, efficiency, and decentralized attributes play a pivotal role in ensuring seamless delivery of these synthetic assets to users with internet access.
iBTC: A Practical Illustration of Indigo's Capabilities
Indigo Protocol's versatility is exemplified through the creation of synthetic Bitcoin (iBTC), showcasing its ability to synthesize versions of established assets and expand user exposure to various markets.
Governance and INDY Tokens
At the core of the Indigo ecosystem is the INDY governance token. Boasting a total supply of 35 million tokens with a 6 decimal precision, Indigo prioritizes a fair distribution strategy, avoiding community pre-sales through ICO/ISO/ISPO. The distribution of INDY tokens spans four years, benefiting protocol users, stakers, and liquidity providers.
Earning INDY: A Multifaceted Approach
Indigo Protocol provides users with several avenues to earn INDY tokens:
Stability Pools: INDY is rewarded to stability providers, ensuring system solvency, user experience enhancement, and protection against liquidity risks during collateral liquidation.
iAsset LP Stakers: Recognition is given to iAsset LP stakers, rewarding their commitment to the ecosystem's liquidity by supporting iAssets LPs.
INDY Stakers: Active participants in the governance processes are incentivized with INDY tokens, fostering a balanced and decentralized system by discouraging concentration of power.
In summary, Indigo Protocol emerges as a noteworthy player in decentralized finance on the Cardano blockchain. Its commitment to transparency, efficiency, and a fair token distribution strategy positions it as a promising contender in the evolving landscape of blockchain-based financial ecosystems. Indigo Protocol offers users access to synthetic assets and diverse financial opportunities, contributing to the ongoing evolution of decentralized finance.
Indigo Protocol offers a distinctive approach to decentralized finance by enabling the creation of synthetic assets on the Cardano blockchain, allowing users to gain price exposure to real-world assets without direct ownership. Its transparent and efficient model opens up diverse financial opportunities for users worldwide.
The founder of Indigo Protocol is Cody Butz. The project is likely led by a team of blockchain and finance professionals with a vision for revolutionizing decentralized finance on the Cardano blockchain.
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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 Indigo Protocol (INDY) is ($16,403,481), max supply of Indigo Protocol INDY is ($35,000,000) and the market cap of Indigo Protocol INDY is ($25,781,418).
What is the Indigo Protocol (INDY) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Indigo Protocol (INDY) is $1. 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.
It is important to do comprehensive research before deciding whether Indigo Protocol (INDY) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
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Does Indigo Protocol (INDY) have reasonable and sustainable revenue income models?
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