Buy IDEX
What is IDEX?
IDEX is a high-performance decentralized exchange (DEX) combining elements of traditional and decentralized exchanges. It provides a platform for trading cryptocurrencies with advanced security features, high-speed execution, and hybrid liquidity through the use of both order books and automated market makers (AMMs). IDEX supports multichain trading on blockchains like Ethereum, Binance Smart Chain, and Polkadot.
How does IDEX work?
IDEX operates with a hybrid model that utilises both on-chain and off-chain components. The off-chain order book and matching engine execute trades quickly, while the on-chain custody and settlement processes secure the transactions. This design takes advantage of the efficiencies of traditional exchanges while maintaining the transparency and security provided by blockchain technology. IDEX uses the Proof of Stake (PoS) consensus mechanism and employs Layer-2 Optimistic Rollups for scalability and reduced transaction costs.
What are the potential use cases for IDEX?
- Decentralized Trading: Users can trade across multiple blockchains with full custody of their assets.
- Staking and Rewards: Holders of IDEX tokens can stake them to validate transactions and earn rewards, enhancing the platform's liquidity.
- Hybrid Liquidity: The combination of order books and AMM pools provides efficient and secure trading options for various cryptocurrencies.
What is the history of IDEX?
Founded in 2017 by Alex and Phil Wearn, IDEX was initially launched as part of the Aurora project to offer a decentralized trading platform that combines blockchain security with trading speed. Significant milestones include the introduction of the Hybrid Relay protocol and integrating with Polygon's zkEVM to enhance performance and security. Over the years, IDEX has expanded its presence across multiple blockchains and introduced advanced trading features, establishing itself as a key player in the decentralized exchange space.
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Frequently Asked Questions (FAQs)
What is the current price of IDEX (IDEX)?
The IDEX price is $0.0878199 AUD, representing a +13.7% from the day prior.
Where is the best place to buy IDEX (IDEX) in Australia?
The best place to buy IDEX (IDEX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell IDEX (IDEX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of IDEX (IDEX)?
The trading volume of IDEX (IDEX) is $16.7M AUD in the last 24hrs, representing a +13.7% from the day prior.
How can I buy IDEX (IDEX)?
IDEX (IDEX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of IDEX (IDEX)?
The current market cap of IDEX (IDEX) is $81.4M AUD.
Can I convert IDEX (IDEX) to cash?
Yes - With Coinstash you can convert your IDEX (IDEX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many IDEX (IDEX) are there?
The current circulating supply of IDEX (IDEX) is 903.0M.
Is Coinstash a safe place to buy IDEX (IDEX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling IDEX (IDEX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.