BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

BITCOIN

₹58,46,873.40

2.699%

ETHEREUM

₹2,88,933.33

7.784%

TETHER USDT

₹91.09

0.009%

BNB

₹51,010.18

4.033%

SOLANA

₹15,660.91

0.945%

USDC

₹91.09

0.001%

XRP

₹54.81

0.422%

DOGECOIN

₹11.26

5.837%

CARDANO

₹36.06

3.314%

TRON

₹12.24

0.349%

AVALANCHE

₹2,508.27

4.032%

SHIBA INU

₹0.001477

4.899%

POLKADOT

₹516.27

4.467%

CHAINLINK

₹1,187.24

5.851%

BITCOIN CASH

₹32,116.14

4.453%

NEAR PROTOCOL

₹511.76

1.967%

LITECOIN

₹6,311.14

3.97%

PEPE

₹0.001076

2.931%

POLYGON

₹45.69

6.067%

INTERNET COMPUTER

₹861.24

3.071%

Home

/

Coins

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Idex

IDEX

IDEX

IDEX

₹3.47

LIVE

24H Low ₹3.42

24H High ₹3.75

Price of IDEX today

The current live price of IDEX today is ₹3.47, with a 24-hour trading volume of ₹25,45,45,589.18. Our IDEX to INR price is updated in real-time. IDEX has seen a decrease of -6.14% in the last 24 hours. With a live market cap of ₹2,78,40,92,379.15 , the circulating supply is at 807,488,993 IDEX coins, with a maximum supply of 1,000,000,000IDEX coins.

IDEX Price History

Date ComparisonAmount Change% Change
Today-₹0.18

5.05%

7 Days-₹0.47

11.82%

30 Days-₹0.57

14.02%

1 Year-₹1.12

24.33%

IDEX Price Information

Price Change (1hr)

5.43%

Price Change (24hr)

5.05%

Price Change (7d)

11.82%

IDEX Market Stats

Market Cap

₹2,78,40,92,379.15

Fully Diluted Market Cap

₹3,44,78,39,416.94

24hr Volume

₹25,45,45,589.18

11.86%

Circulating Supply

807488993.04 IDEX

Total Supply

1000000000 IDEX

Things to know about IDEX

What is Idex (IDEX) token?

IDEX is a decentralized exchange (DEX) that introduces a novel approach to trading cryptocurrencies by combining the efficiency and speed of a centralized exchange with the security and transparency of a decentralized platform. It operates as the first Hybrid Liquidity DEX, integrating a high-performance order book and matching engine with Automated Market Making (AMM). This unique blend allows IDEX to offer the best of both worlds: the advanced trading features and immediate transaction execution of centralized platforms, alongside the trustless and secure environment of decentralized exchanges. IDEX focuses on enhancing user experience by eliminating failed transactions and providing gas-free trading, all while being secured directly by Ethereum.

Tokenomics

  • Staking Rewards:

  • Stakers receive 50% of the trade fees for their participation.

  • Node Operation:

  • Stakers can operate either a tier 1 or tier 2 node, with the payout being the same for both tiers.

  • Public API:

  • All stakers operate mirror APIs of IDEX’s order books that are open to the public.

  • Fraud Proof Rewards:

  • Tier 1 stakers also audit the layer-2 network for fraud and can earn additional IDEX tokens by activating fraud proofs.

  • Cold Storage Staking:

  • Tier 2 stakers have the option to stake directly from cold storage, whereas Tier 1 stakers risk slashing if they act maliciously.

Market Data

As of today #{today’s date}, the price of IDEX is ₹3.47 INR or 0.03814 USD, with a 24-hour trading volume of 2794133.8 USD. The market capitalisation for IDEX is 30560838.41USD. The circulating supply is 807488993.04 IDEX, with the total supply also being 1000000000 IDEX.

Token Pros and Cons

Pros:

  • Hybrid Liquidity Model:

  • Combines the efficiency of a centralized order book with the security of AMM, offering users the best spreads and avoiding failed transactions.

  • Gas-Free Trading:

  • Eliminates the cost burden of gas fees for users, making trading more accessible and cost-effective.

  • Staking Incentives:

  • Provides attractive staking rewards, distributing 50% of trade fees to stakers, encouraging participation and investment in the network.

  • Advanced Trading Features:

  • Supports real limit and stop-loss orders, offering traders more control and flexibility over their trading strategies.

  • Security:

  • By leveraging Ethereum’s security for settlement while executing trades off-chain, IDEX ensures a high level of security for users’ funds.

Cons:

  • Complexity for New Users:

  • The hybrid model and advanced features may present a learning curve for new users unfamiliar with DEXs or trading concepts.

  • Dependence on Ethereum:

  • Being built on Ethereum, IDEX’s performance and scalability are tied to the underlying blockchain, which may face congestion and high fees.

  • Limited to Ethereum and BSC:

  • Currently, IDEX primarily supports assets on Ethereum and Binance Smart Chain, limiting access to assets on other blockchains.

  • Slashing Risk for Tier 1 Stakers:

  • Tier 1 node operators face the risk of slashing if they act maliciously, adding a layer of risk for these participants.

  • Market Volatility:

  • As with all cryptocurrencies, IDEX token holders are exposed to market volatility, which can lead to significant price fluctuations.

Why Should You Invest in the Coin?

  • Innovative Trading Solution:

  • IDEX’s hybrid liquidity model addresses common issues faced by traders on both centralized and decentralized platforms, offering a unique value proposition.

  • Staking Rewards:

  • The tokenomics of IDEX provide a compelling incentive for investors through staking rewards, enhancing the potential for passive income.

  • Scalability and Efficiency:

  • IDEX’s use of Layer 2 scaling solutions and off-chain order matching ensures high transaction throughput and low latency, making it an attractive platform for high-frequency traders.

  • Security and Control:

  • Traders retain full custody of their funds while benefiting from the security features of a decentralized platform, reducing the risk of exchange hacks.

  • Growing Ecosystem:

  • With plans to expand onto additional blockchains and introduce new features like leverage trading, IDEX is poised for growth, potentially increasing the value of the IDEX token.

USP of the Coin

  • Hybrid Liquidity DEX:

  • IDEX stands out by successfully merging the benefits of centralized and decentralized exchanges, offering a unique trading experience not found elsewhere.

  • Real Limit and Stop-Loss Orders:

  • Unlike most DEXs that rely solely on AMM, IDEX supports advanced order types, giving traders greater control over their strategies.

  • Layer 2 Scaling:

  • By utilizing Layer 2 solutions, IDEX achieves scalability and efficiency, addressing the common limitations of blockchain-based trading platforms.

Problem the Coin is Solving

IDEX addresses the trade-offs between centralized and decentralized exchanges by offering a platform that combines the speed and user experience of centralized exchanges with the security and transparency of decentralized exchanges. It solves the problem of failed transactions and high gas fees, making trading more efficient and cost-effective for users.

Founder and Team Background

IDEX was co-founded by Alex Wearn and Philip Wearn, with Alex serving as the CEO. Alex has a strong background in software development and management roles at major companies like Amazon, IBM, and Adobe. Philip, a co-founder of EtherEx, brings extensive experience in blockchain technology. The team also includes Jason Ahmad as CTO, a Stanford CS graduate with a history of leading product and engineering teams, and Brian Fernalld, a full-stack developer with over 10 years of experience in startups and blockchain technology.

ICO Price

The price of IDEX during the token sale was $0.06 per IDEX. The IDEX token sale started on 1st January 2018 and lasted till 4th January 2018.

Risks Associated in Investing in the Coin

  • Market Volatility:

  • The cryptocurrency market is highly volatile, and the value of IDEX tokens can fluctuate widely in a short period.

  • Dependence on Ethereum’s Performance:

  • IDEX’s performance is closely tied to the Ethereum network, which may experience congestion and high transaction fees.

  • Regulatory Risks:

  • Changes in cryptocurrency regulations could impact IDEX’s operations and the value of its tokens.

  • Competition:

  • The DEX space is highly competitive, with numerous platforms vying for market share, which could affect IDEX’s growth and token value.

  • Technical Risks:

  • As with any blockchain-based platform, there is a risk of technical vulnerabilities or failures that could compromise the security or performance of IDEX.

Summary of the Whitepaper

The IDEX whitepaper outlines the platform’s innovative approach to decentralized exchange, introducing a hybrid liquidity model that combines an order book and matching engine with Automated Market Making (AMM). This model is designed to offer the best features of both centralized and decentralized exchanges, addressing common issues such as failed transactions, high gas fees, and limited trading functionalities.

IDEX operates on a high-performance, off-chain trading engine while ensuring that all trades are settled on-chain, maintaining the security and transparency of a decentralized platform. The platform utilizes Ethereum for settlement, leveraging Layer 2 scaling solutions to enhance transaction throughput and reduce costs.

The whitepaper details the tokenomics of the IDEX token, highlighting its role in the ecosystem. Stakers of the IDEX token are rewarded with a share of the trading fees, incentivizing participation and investment in the platform. The document also discusses the technical architecture of IDEX, including its use of Layer 2 scaling solutions and off-chain order matching to achieve high transaction speeds and low latency.

Furthermore, the whitepaper outlines the roadmap for IDEX, including plans for expansion onto additional blockchains and the introduction of new features such as leverage trading. The document emphasizes IDEX’s commitment to providing a secure, efficient, and user-friendly trading experience, aiming to bridge the gap between centralized and decentralized exchanges.

Overall, the IDEX whitepaper presents a comprehensive overview of the platform’s innovative approach to decentralized trading, highlighting its unique features, technical architecture, and future plans for growth and development.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9110

0%

IDEX to Converter

Quantity

IDEX

IDEX

Price

fiat

Price as per 04:46 AM • 25 Jul 2024

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What is the price of IDEX (IDEX)?

The current price of IDEX (IDEX) in INR is ₹3.47 INR.

What is the current IDEX market cap?

The current market capitalization of IDEX (IDEX) is ₹2,78,40,92,379.15 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of IDEX by the number of coins in circulation.

What is the current supply of IDEX (IDEX)?

The current supply of IDEX (IDEX) is 807488993.04 IDEX. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of IDEX (IDEX)?

The 24-hour trading volume of IDEX (IDEX) in INR is ₹25,45,45,589.18. This figure represents the total value of all IDEX transactions across various exchanges within the last 24 hours.

How to Buy IDEX (IDEX) in India?

To buy IDEX (IDEX) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in IDEX.

Can I buy IDEX (IDEX) with UPI?

Yes, you can buy IDEX (IDEX) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert IDEX (IDEX) to Indian Rupee (INR)?

To convert IDEX (IDEX) to Indian Rupee (INR), you can use our IDEX/INR conversion rates in real time.

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