Buy Index Cooperative (INDEX)
What is Index Cooperative?
Index Cooperative is a decentralised autonomous organisation (DAO) that creates and manages a variety of DeFi products. The platform focuses on building secure, accessible, and easy-to-use financial products like crypto indices and exchange-traded products (ETPs). These products aim to provide exposure to important themes in decentralised finance (DeFi).
How does Index Cooperative work?
Index Cooperative operates on the Ethereum blockchain and utilises its smart contract capabilities to manage and deploy its products. The governance token for this DAO is named INDEX, which is an ERC-20 token with a limited supply. Index Cooperative implements smart contracts, originally developed by Set Protocol, to automate the management of its offerings, which include sector indices, leverage and inverse products, and yield-generating strategies. Holders of the INDEX token participate in governance, voting on improvement protocols and decisions regarding the launch and maintenance of products.
What are the potential use cases for Index Cooperative?
Index Cooperative offers several use cases including:
- Simplified Access to DeFi: Supports easy exposure to various DeFi sectors and themes via indices like the DeFi Pulse Index (DPI) and Metaverse Index (MVI).
- Decentralised Finance (DeFi) Products: Offers a suite of sector-specific and yield-generating products to manage risk and returns.
- Institutional and Retail Investments: Products are accessible to a wide range of investors, providing secure and diversified exposure to crypto assets.
- Partnerships and Collaborations: Engages with diverse DeFi protocols and organisations to enhance its offerings. Partnerships include Set Protocol and custodians such as BitGo.
- Security and Transparency: Emphasises secure and transparent investment through audited smart contracts.
What is the history of Index Cooperative?
Index Cooperative was founded in 2020 and is headquartered in Georgetown, Texas, USA. Its initial product, the DeFi Pulse Index (DPI), launched that same year, quickly gaining traction with $2 million in assets locked early on. The cooperative introduced meta-governance in November 2020, allowing token holders to participate in external governance decisions. Since its inception, Index Cooperative has raised $10 million in funding, backed by investors like Galaxy and Blockchain Capital. Over time, the organisation has evolved by broadening its community to include finance professionals and DeFi experts, aiming to support the widespread institutional adoption of DeFi through its products.
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Frequently Asked Questions (FAQs)
What is the current price of Index Cooperative (INDEX)?
The Index Cooperative price is $5.0953 AUD, representing a -5.09% from the day prior.
Where is the best place to buy Index Cooperative (INDEX) in Australia?
The best place to buy Index Cooperative (INDEX) 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 Index Cooperative (INDEX) 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 Index Cooperative (INDEX)?
The trading volume of Index Cooperative (INDEX) is $349.3K AUD in the last 24hrs, representing a -5.09% from the day prior.
How can I buy Index Cooperative (INDEX)?
Index Cooperative (INDEX) 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 Index Cooperative (INDEX)?
The current market cap of Index Cooperative (INDEX) is $33.5M AUD.
Can I convert Index Cooperative (INDEX) to cash?
Yes - With Coinstash you can convert your Index Cooperative (INDEX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Index Cooperative (INDEX) are there?
The current circulating supply of Index Cooperative (INDEX) is 6.7M.
Is Coinstash a safe place to buy Index Cooperative (INDEX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Index Cooperative (INDEX) 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.