In the world of cryptocurrencies, IDEX has emerged as one of the unique players. It combines both centralized and decentralized exchanges. But as the crypto landscape continues to change a lot of questions arise related to IDEX’s future. Let’s look at the future prospects of IDEX crypto and what is next for this emerging crypto in the market.
What Is IDEX?
IDEX is a hybrid decentralized exchange platform ( DEX ) that provides the best of both – the autonomy and speed of a decentralized platform with the speed and features of centralized exchanges. It operates on multiple blockchain networks like Binance, Ethereum, Smart Chain and more recently Polkadot. It distinguishes itself from the other DEXs by utilizing an order book model instead of a more common automated market marker system.
How Does IDEX Work?
IDEX works as an order book exchange. This system is like the traditional system used by financial markets ot centralized crypto exchanges. However, IDEX adds its little twist by centralizing the order-matching system while keeping the actual trades decentralized through smart contracts.
One of the most unique features of IDEX is its use of Layer-2 Optimistic rollups on the Ethereum network. This scaling solution allows faster transaction processing off the chain while maintaining the security of the Ethereum mainnet. Through this, IDEX solves a major issue of the Ethereum network which is high fees and network congestion during busy peak periods.
It also uses features that are mostly found on the centralized exchange platforms. These features include stop-loss orders which makes IDEX more interesting to traders who are more used to tools of centralized exchanges. But IDEX requires a complete verification process like KYC and email verification as well which has caused some debates to arise about whether it can be truly classified as a fully decentralized exchange platform due to this.
How Many IDEX Coins Are There?
IDEX has a fixed supply of coins like Bitcoin and many other cryptocurrencies in the market. The total supply of IDEX tokens is 1,000,000,000 IDEX. As per the latest data available, there are 846,382,861 IDEX tokens in the market circulating. This limited supply is done to avoid inflation and maintain the coin’s value with time.
Where To Buy IDEX?
As a very well-known project, IDEX tokens can be found on various cryptocurrency exchange platforms. They can be bought on the IDEX platform itself. And additionally, many centralized exchanges also offer IDEX tokens. Some of these exchanges are Gateco.in, Binance and Kucoin. For those people who want to buy through a Decentralized platform, you can get IDEX coins from platforms like Uniswap.
Price Prediction Of IDEX
Here is the price prediction of IDEX tokens. However, it is mostly based on market analysis and previous prices so do not depend on this prediction to make investment decisions. These are just assumptions. Also, the crypto market is highly volatile which is bound to change over time.
| Year | Minimum price | Maximum price |
| 2024 | $0.3000 | $0.3516 |
| 2025 | $0.4300 | $0.4838 |
| 2026 | $0.5600 | $0.6104 |
| 2027 | $0.6800 | $0.7364 |
| 2028 | $0.8000 | $0.8691 |
| 2029 | $0.9200 | $0.9952 |
| 2030 | $1.0500 | $1.1231 |
Is IDEX Safe?
IDEX’s top priority is security. This platform depends on smart contracts to secure users’ funds instead of using the methods of centralized exchanges. This step drastically reduces the chances of hacks that have been a big issue for centralized exchanges.
It also uses oracles to securely communicate with external networks like Binance and Ethereum. It uses node operators which are incentivized through staking rewards adding another layer of security and decentralization to the IDEX network.
But, it’s crucial to remember that like all crypto investments, this one also comes with risks. You should be very careful and create strong passwords, enabling two-factor authentication and being cautious about hacks and cyber attacks.
The Future Of IDEX
As we loom ahead, IDEX has positioned itself to capitalize on the growing demand for decentralized solutions. Its hybrid model solves a lot of issues related to centralized and decentralized exchanges which also grabs the attention of many new users.
Lately, IDEX’s expansion to different blockchains like Polkadot shows its ability to open itself to new blockchains and cross-chain trading as well. The interoperability could be a big advantage for the crypto ecosystem ahead.
