-1.5 C
New York
January 21, 2022
Alt Coin

Crypto.com Lists New Ethereum-Based Decentralized Exchange Token

Singapore-based crypto trade large 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 resolution for buying and selling digital belongings. The IDEX token is used to safe the community and incentivize platform adoption.

According to the Crypto.com press launch,

“IDEX is the primary Hybrid Liquidity DEX that blends the perfect 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). 

Users 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 trade. IDEX holders can stake tokens in an effort to assist safe the protocol and earn rewards.”

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

IDEX is presently 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 12 months after final week’s addition of Oasis Network (ROSE).

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in online marketing.

Featured Image: Shutterstock/EVorona/Natalia Siiatovskaia

Related posts

Crypto Giant Coinbase Abruptly Adds Four Ethereum Tokens, Sparking 296% Altcoin Rally

Crypto Advisor

Crypto Trader Tyler Swope Names His ‘End of Year’ Altcoins, Says Chainlink and Two Additional Assets Will Reward Long-Term Holders

Crypto Advisor

Bitcoin Enjoys Regulatory Certainty but Altcoins Face This Danger, According to MicroStrategy CEO Michael Saylor

Crypto Advisor

Leave a Comment