Singapore-based crypto trade big Crypto.com is itemizing a low-cap Ethereum-based hybrid liquidity decentralized trade 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 trade 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 line with the Crypto.com press launch,
“IDEX is the primary Hybrid Liquidity DEX that blends the most effective of centralized and decentralized exchanges, with the efficiency and options of a conventional order e book and the safety and liquidity of an automatic market maker (AMM).
Customers profit from not having to pay further 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 trade. IDEX holders can stake tokens so as to assist safe the protocol and earn rewards.”
Whereas many new coin listings are inclined to spark rallies, the worth motion of IDEX is barely responding to the information.
IDEX is at present buying and selling for $0.20, down 3.73% within the final 24 hours.
The hybrid decentralized trade is the second new token Crypto.com has listed this yr after final week’s addition of Oasis Network (ROSE).
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