Indigo Protocol Logo

Indigo Protocol INDY

Indigo Protocol header image

1. Summary

Ranks

Liquidity
83
Developer
-
Social
72
Momentum (beta)
6
Stack Rankā„¢
-
Price
$1.99 -9.2%
Market Cap
$22.84M (#998)
Supply
11.05M / 35.00M
Price
52W High price $4.27
52W High date 14th Jul 2023 (9 months ago)
All Time High (ATH) Date 14th Jul 2023 (9 months ago)
ATH Price $4.50
% From ATH -60.13%
All Time Low (ATL) Date 1st Feb 2023 (1 year ago)
ATL Price $1.19
% From ATL 50.95%
Supply & Trading Volume
Trading Volume (24h) $291,861.00
Total Supply 35.00M
Max Supply 35.00M
Circulating Supply 11.05M
Description

Indigo Protocol is an autonomous synthetics protocol on Cardano's platform, allowing for on-chain price exposure to real-life assets. It has introduced the first Native Stablecoin, iUSD, to the Cardano ecosystem. Indigo lets individuals create synthetic assets or iAssets, using stablecoins and ADA. These iAssets mimic the price changes of the actua...

Indigo Protocol is an autonomous synthetics protocol on Cardano's platform, allowing for on-chain price exposure to real-life assets. It has introduced the first Native Stablecoin, iUSD, to the Cardano ecosystem. Indigo lets individuals create synthetic assets or iAssets, using stablecoins and ADA. These iAssets mimic the price changes of the actual asset, enabling users to profit from price increases without owning the actual asset.

Synthetic Assets are a way for users to gain exposure to various assets without owning the underlying asset and can be any item that has value in the real world. The blockchain's attributes allow these assets to be efficiently delivered to anyone with internet access.

INDY, the governance token, is used in the Indigo DAO voting process. Over four years, a total of 35 million tokens will be distributed to protocol users, stakers, and LPs. There will not be a pre-sale to the community via ICO/ISO/ISPO.

Indigo is a community-led project with a DAO that owns the Indigo Protocol, including the application, website, and all IP. Community members control the Indigo DAO and use the INDY token to vote on decisions. The community is encouraged to join the forum to propose, discuss, and vote on future directions for Indigo.

2. Price

INDY/USD

2.1. Market Performance

How does Indigo Protocol's (INDY) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-12.0%

INDY

-3.2%

Similar Market Cap

60 Day Return

-33.1%

INDY

-1.2%

Similar Market Cap

1 Year Return

-3.8%

INDY

18.6%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 1,228
Twitter followers 29,076
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://indigoprotocol.io/
Explorer https://cardanoscan.io/tokenPolicy/533bb94a8850ee3...
Twitter @Indigo_protocol

What is the correct contract address for Indigo Protocol?

Cardano 533bb94a8850ee3ccbe483106489399112b74c905342cb1792a797a0

Has Indigo Protocol been audited for security?

No security audits found for this project.

Are you the owner of Indigo Protocol? Edit it here

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