Indigo Protocol INDY
1. Summary
- Price
-
$1.04 -2.6%
- Market Cap
- $17.98M (#1217)
- Supply
- 16.40M / 35.00M
- 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.
| Price | |
| 52W High price | $3.21 |
| 52W High date | 3rd Dec 2024 (5 months ago) |
| All Time High (ATH) Date | 14th Jul 2023 (1 year ago) |
| ATH Price | $4.50 |
| % From ATH | -72.62% |
| All Time Low (ATL) Date | 18th Sep 2024 (7 months ago) |
| ATL Price | $0.37 |
| % From ATL | 232.63% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $40,343.00 |
| Total Supply | 35.00M |
| Max Supply | 35.00M |
| Circulating Supply | 16.40M |
INDY
How does Indigo Protocol's (INDY) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-22.1%
INDY
61.8%
Similar Market Cap
60 Day Return
-33.7%
INDY
81.9%
Similar Market Cap
1 Year Return
-50.3%
INDY
97.6%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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 | 1,158 |
| Twitter followers | 31,161 |
No recent news found.
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... |
| @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
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.