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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).

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Featured Image: Shutterstock/EVorona/Natalia Siiatovskaia

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