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IDEX IDEX

Rank #623

$ 0.09611800 +0.66%

IDEX Price (IDEX)

IDEX to USD Price Chart

IDEX Statistics

Market Rank #623
Market Cap $ 78.2M
Volume 24h $ 12.9M
Circ. Supply 813.3M
Total Supply 1000.0M
Max Supply 1000.0M
Genesis Date 18/1/2018

What is the current price of IDEX?

As of the latest data, the price of IDEX is $ 0.09611800. It has increased by +0.66% in the last 24 hours.

What Is IDEX?

IDEX is a high-performance decentralized exchange, forging a niche within the cryptosphere by blending the benefits of both centralized and decentralized trading platforms. Established in 2017, IDEX provides traders with instant execution, extremely low latency, and the added advantage of gas-free settlement. This positions IDEX as a unique player in the market, catering to users who demand the security and transparency that blockchain technology offers without compromising on the performance typically associated with traditional trading systems.

Who created IDEX?

IDEX was established by a diverse team of software developers and financial technology experts. These individuals recognized the need for a trading platform that could bring together the efficiency of centralized exchanges with the security and transparency of decentralized ones. The team's identity and credentials offer credibility to the platform, although it is important to always do your own research or visit their official website for the most current information.

How does IDEX work?

IDEX works by combining elements of centralized and decentralized exchanges. It executes trades instantly and ensures that users retain full custody of their funds throughout the trading process. This is achieved through smart contracts that allow for gas-free settlements and a real-time trading experience, which is a significant departure from traditional decentralized exchange models that are usually slower and incur gas fees for transactions.

What Makes IDEX Unique?

What sets IDEX apart from other cryptocurrency exchanges is its innovative hybrid design. IDEX claims to deliver performance that rivals centralized platforms — such as instant trade execution and low latency — while maintaining the security and custody advantages of a decentralized exchange. Traders do not have to compromise on speed for security, nor do they have to trust the exchange with their funds.

How is IDEX's technology structured?

The core technology of IDEX involves smart contracts, off-chain trading engines, and a transaction processing arbiter. This setup is designed to enable the rapid trading environment of centralized services but with the decentralized advantage of blockchain-based settlements. The platform also incorporates features to alleviate typical blockchain congestion and gas fees, offering a more seamless and cost-effective trading experience.

How Is the IDEX Network Secured?

The security of IDEX is maintained through the use of blockchain technology and smart contracts. Each trade is recorded on the blockchain, but without the usual accompanying transaction fees and delays, thanks to the platform's unique architecture. This ensures an immutable record of all trades while also safeguarding users' funds by enabling them to maintain control and custody.

How Much IDEX Is in Circulation?

As of the current data, the circulating supply of IDEX is 813.3M with a total supply that may be capped or unlimited, depending on the tokenomics designed by the creators of IDEX. The market cap of IDEX, which gives an indication of its overall market value, is $ 78.2M and it ranks at #624 in the market cap rankings.

What Is IDEX's Role as a Trading Platform?

IDEX claims to provide a balanced role as a trading platform by offering the speed and user experience of a centralized exchange combined with the security measures of a decentralized exchange. It caters to traders who prioritize security without wanting to forsake the performance of their trades.

How Is IDEX's Technology Upgraded?

The IDEX technology is continually upgraded through updates to its smart contracts and trading infrastructure. The team behind IDEX is focused on innovation and efficiency, and they deploy improvements through protocols and security upgrades to enhance the user experience and maintain the integrity of the platform.

Where Can You Buy IDEX?

IDEX tokens can be purchased on various cryptocurrency exchanges, including those listed in the IDEX, CoinEx, CEX.io, Gate.io. Always ensure you are using a reputable exchange and take necessary precautions when engaging in cryptocurrency transactions.

How to Keep Your IDEX Tokens Safe?

To keep your IDEX tokens safe, it is recommended to use hardware wallets or secure software wallets that allow you to maintain control of your private keys. It's important to practice safe storage habits, such as backing up your wallet and using strong, unique passwords or passphrases to ensure the security of your assets.

IDEX Links

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