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What Is Idex (IDEX)?

Idex claims to be the first hybrid fluidity DEX that combines an order bible model with an automatize grocery store manufacturer. It blends the operation and features of a traditional order book model with the security and liquidity of an AMM. Idex takes an advanced approach path to decentralized exchanges by combining an off-chain trade engine with on-chain deal settlement. Users benefit from that in respective ways. inaugural, this approach does away with fail trades and wasted money on gasoline fees, making the trading experience more pleasant and effective. The moment trade execution means front-running or sandwich attacks are not possible and users can trade without waiting for former trades to settle. As a consequence, more advanced order types and trading strategies can be executed since limit orders are potential, opening up arbitrage opportunities with other exchanges. Idex follows an ambitious roadmap that envisions a multi-chain future for the exchange, which presently runs on Ethereum and Binance Smart Chain. For the remainder of 2021, it plans to launch on irregular layer solutions and Polkadot and implement a referral. For the future, Idex plans to implement leverage trade and plunge on extra layer one and layer two blockchains .

Who Are the Founders of Idex?

Idex was launched by CEO and co-founder Alex Wearn and his brother and COO Phil Wearn. Alex Wearn previously worked for celebrated companies such as Amazon, IBM, and Adobe and is an alumnus of Kellogg School of Management. Phil Wearn has a professional backdrop in accounting with a degree in astronautic mastermind and entrepreneurial experience. The management team is complemented by CTO Brian Yennie, a software mastermind with over 20 years of experience. As per Linkedin, the stream Idex team is 29 people firm. Idex launched in 2017, with its 2.0 translation launching in fall 2020 after closing $ 2.5 million seed investment led by G1 Ventures and Borderless Capital, including Collider Ventures, and Gnosis.

What Makes Idex Unique?

Idex takes a singular approach to combining an ordain book model with an automatize market maker. To execute trades, Idex uses an off-chain deal engine that matches the operation of centralized exchanges and guarantees sequencing. Trades are processed in an off-chain order reserve. only when a trade is matched and executed, the transaction is settled on-chain. In doing then, users benefit from not having to pay extra network costs for placing and canceling orders. furthermore, placements are processed in real-time, enabling more advance trading and market-making strategies like stop-loss, post-only and fill-or-kill. The automated grocery store manufacturer guarantees liquid by displaying virtual specify orders in the order script together with real limit orders to visualize AMM liquid in the ordering book model. Orders are normally settled as AMM only or as a hybrid between the AMM and limit orderliness fluidity. Idex uses bright contracts to decentralize fund custody and trade settlement. To enable the order book model, the smart contract executes trades off-chain but trades are settled on-chain with a delay. The smart sign acts as escrow and restricts the campaign of funds until the settlement is finished. Furthermore, trades are sequenced, and a special function in the smart abridge ensures funds can not be restricted indefinitely. furthermore, the chic narrow enforces ownership and mandate, meaning users maintain custody and can make markets without extra infrastructure .

Check out dYdX ( DYDX ) — one of the most popular decentralized exchanges. Check out Perpetual Protocol ( PERP ) — a decentralized exchange for trade futures. Read our deep prima donna about decentralize fluidity pools. Get the latest crypto news and latest trade insights with the CoinMarketCap blog .

How Many Idex (IDEX) Coins Are There in Circulation?

The total provide of IDEX is 1 billion IDEX. The token distribution is as follows :

40 % – market maker rewards, selling campaigns, and airdrops 10 % – IDEX members 25 % – team 10 % – future employee token pool 10 % – future consumption 5 % – commercial enterprise expenses Users can besides run a lightweight node and stake their IDEX if they have a minimum of 10,000 IDEX .

How Is the Idex Network Secured?

IDEX is an ERC-20 token on Ethereum. The DEX has been audited by Quantstamp, a drawing card in blockchain security that has worked with reputable projects such as Maker, Compound, and Avalanche. Idex has so far proved to live up to its high security standards and has faced no problems with hack attacks. ERC-20 is a keepsake standard most raw tokens follow when publish on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A laid of decentralized nodes validates transactions and secures the Ethereum blockchain.

Can Idex Hit $1?

The advanced combination of an ordain book with an automated market maker has recently seen the price of IDEX explode from under $ 0.10 to an all-time high of above $ 0.60. The price has since retreated to $ 0.30 at the time of writing. however, it seems wholly potential that with more launches on layer one and layer two blockchains and an better product, Idex can continue its growth path in the long melt. .

Where Can You Buy Idex (IDEX)?

IDEX is available on Binance, Uniswap V2, and Balancer .

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