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IDEX is an ERC-20 token based on the Ethereum blockchain that will support the ID6EX platform, a set of Dapps and protocols that together constitute a decentralized and autonomous banking and finance platform.
IDEX is bringing its DEX to multiple high-performance blockchains. IDEX is currently available on Ethereum and Binance Smart Chain, with Polkadot and others to follow. Bridging the IDEX token to each blockchain enables stakers to secure IDEX’s L2 on all networks. In return, stakers earn 50% of the trading fees on all IDEX products.
Scaling: IDEX uses Merkle roots to batch settle transactions, to reduce gas and congestion issues.
IDEX rebranded its token (previously known has Aurora (AURA)) to IDEX (IDEX). Read more here.
Try our free IDEX (IDEX) portfolio tracker if you want to efficiently keep track of your IDEX and other coin/token investments.