IDEX is described as a decentralized exchange with central clearing elements that make the network faster.
What is IDEX?
Founded by Alex Wearn and Phil Wearn, known as the Wearn brothers, IDEX was built for superior user experience. IDEX is a hybrid decentralized exchange that combines a high-performance matching engine with Automated Market Maker (AMM). It is available on both Ethereum and Binance Smart Chain.
Other projects use the automated market maker model to trade on a DEX. However, IDEX has brought a different perspective to the subject. It uses order books to exchange supported cryptocurrencies. IDEX brings innovative approaches to decentralized exchanges by combining the off-chain trading engine with the on-chain trading model. In addition, it prevents wasting money on unsuccessful transactions.
What is IDEX Coin?
IDEX Coin is the native token of the network and has the same name as the project. It is a cryptocurrency developed in ERC-20 standards. IDEX Coin is staked by Nodes to verify transactions on the off-chain ledger. Developed to meet the needs of the decentralized IDEX DEX, IDEX Coin has many uses. Some of the usage areas are as follows:
- Creating parity pairs with cryptocurrencies,
- Covering transaction fees in buy and sell orders,
- As the cryptocurrency needed for liquidity mining and rewards,
- Making gas fee payments
If we list the advantages of IDEX Coin;
- IDEX Coin prevents wasted money on failed transactions.
- It allows trading with low gas fees.
- Passive income can be obtained through liquidity mining.
- With IDEX Coin, users can make new transactions without waiting for their transactions to be completed.
How Does IDEX Work?
IDEX functions as an order book exchange. It combines elements of centralized and decentralized exchanges for high speed and execution of ledger transactions. IDEX, unlike other DEX platforms on the market, uses the order book and centralizes the system used to match orders on the network. IDEX uses layer-2 Optimism aggregates. The reason for this is for maximum functionality and speed on Ethereum. Optimizing aggregation preserves IDEX. It is also a faster scaling solution for off-chain transactions processing.
Where and How to Buy IDEX Coins?
IDEX Coin is the native cryptocurrency of the IDEX platform. IDEX has attracted attention with its technology that can support advanced market orders and its ability to blend AMM and order book technology. It is listed on many platforms. To these; Exchanges such as Binance, KuCoin, Gate.io, Coinbase Exchange, IDEX, Phemex, MEXC, BingX, DigiFinex can be given as examples.
Investors who want to buy IDEX Coins can choose any of these exchanges. Become a member of the relevant platform and open an account. After the authentication process, buy and sell orders are given to get the desired amount of IDEX Coins. Purchased IDEX Coins can be used in transactions or stored in secure wallets.
IDEX Coin Price
At the moment 1 IDEX 0.863972 TLTL It is traded from. Moreover 1 IDEX 0.046482 $is dollars.
Aptos price in the last 24 hours -5.06%with change now 0.863972 TLTLIt is traded from.
IDEX volume in the last 24 hours 3,998,348 $dollarand if the market value of the cryptocurrency is 31,939,179 $dollaris.
