IDEX
About Index Chain
The price of IDEX (IDEX) is $0.03933906 today, as of Sep 16 08:25 p.m., with a 24-hour trading volume of $6.99M. Over the last 24 hours, the price has decreased by -2.24%. IDEX currently has a circulating supply of 871.65M and a market cap of $34.29M.
IDEX is the native token of IDEX, a decentralized exchange that combines an order-book model with an automated market maker. Order books, popular on centralized exchanges like Binance and Coinbase, match buyers with sellers, while automated market makers, such as Uniswap, facilitate token swaps from huge reserves of tokens.
The IDEX token was released in 2019 at a price of 3.4 cents. The price rose to 18 cents in April 2021, just as the crypto market hit its first peak of the year. IDEX rose again in September 2021, when tokens of decentralized finance (DeFi) platforms climbed sharply and two months before bitcoin hit its all-time high of $68,789.63.
In the four days starting on Sept. 4, 2021, IDEX surged from 6 cents to a high of 97 cents. The token then fell to 30 cents by the end of the month. IDEX continued to fall for the rest of the year and into 2022, when a crypto winter iced over the majority of the crypto market. The token sank to lows of 3 cents in May 2022.
IDEX launched with a supply of 1 billion. Of that, 40% was earmarked for incentives, the team kept 50%, and 10% was reserved for “future use,” according to its 2019 white paper.