Home Ethereum Crypto.com Lists New Ethereum-Based mostly Decentralized Trade Token

Crypto.com Lists New Ethereum-Based mostly Decentralized Trade Token

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Singapore-based crypto alternate big Crypto.com is itemizing a low-cap Ethereum-based hybrid liquidity decentralized alternate token.

In a brand new announcement, Crypto.com is introducing IDEX (IDEX), previously AuroraDAO, for buying and selling on the corporate’s app.

IDEX is a multi-blockchain decentralized alternate providing a non-custodial answer for buying and selling digital property. The IDEX token is used to safe the community and incentivize platform adoption.

In response to the Crypto.com press launch,

“IDEX is the primary Hybrid Liquidity DEX that blends the very best of centralized and decentralized exchanges, with the efficiency and options of a conventional order ebook and the safety and liquidity of an automatic market maker (AMM). 

Customers profit from not having to pay extra community prices for putting or canceling orders. Placements are additionally processed in real-time, enabling superior buying and selling. 

IDEX is an Ethereum token that powers the IDEX decentralized alternate. IDEX holders can stake tokens to be able to assist safe the protocol and earn rewards.”

Whereas many new coin listings are likely to spark rallies, the value motion of IDEX is barely responding to the information.

IDEX is at the moment buying and selling for $0.20, down 3.73% within the final 24 hours.

The hybrid decentralized alternate is the second new token Crypto.com has listed this 12 months after final week’s addition of Oasis Network (ROSE).

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Featured Picture: Shutterstock/EVorona/Natalia Siiatovskaia




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