Singapore-based crypto exchange giant Crypto.com is noting a low-cap Ethereum-based hybrid liquidity decentralized exchange token.
In a new statement, Crypto.com is presenting IDEX (IDEX), previously AuroraDAO, for trading on the business’s app.
IDEX is a multi-blockchain decentralized exchange providing a non-custodial option for trading digital properties. The IDEX token is utilized to protect the network and incentivize platform adoption.
According to the Crypto.com news release,
“IDEX is the very first Hybrid Liquidity DEX that mixes the very best of centralized and decentralized exchanges, with the efficiency and functions of a standard order book and the security and liquidity of an automatic market maker (AMM).
Users take advantage of not needing to pay extra network expenses for putting or canceling orders. Placements are likewise processed in real-time, making it possible for innovative trading.
IDEX is an Ethereum token that powers the IDEX decentralized exchange. IDEX holders can stake tokens in order to assist protect the procedure and make benefits.”
While numerous new coin listings tend to stimulate rallies, the rate action of IDEX is hardly reacting to the news.
IDEX is presently trading for $0.20, down 3.73% in the last 24 hr.
The hybrid decentralized exchange is the 2nd new token Crypto.com has actually noted this year after recently’s addition of Oasis Network (ROSE).
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto e-mail signals provided straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions revealed at The Daily Hodl are not financial investment suggestions. Investors need to do their due diligence prior to making any high-risk financial investments in Bitcoin, cryptocurrency or digital properties. Please be encouraged that your transfers and trades are at your own danger, and any loses you might sustain are your obligation. The Daily Hodl does not advise the purchasing or selling of any cryptocurrencies or digital properties, nor is The Daily Hodl a financial investment consultant. Please keep in mind that The Daily Hodl takes part in affiliate marketing.
Featured Image: Shutterstock/EVorona/Natalia Siiatovskaia