Indigo Protocol

INDY Price

What is Indigo Protocol?

Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano, and has brought the first Native Stablecoin to the Cardano ecosystem, iUSD.

How does Indigo work?

Indigo allows anyone to create synthetic assets, known as iAssets. iAssets can be created using currencies such as stablecoins and ADA. They have the same price effect as holding the asset being replicated. This allows you to gain profit from the increase in price of an asset without owning the original asset itself.

What are Synthetic Assets?

Synthetic Assets give users exposure to a variety of assets without the need to actually own the underlying asset. These assets can be anything that has value in the real world. With its transparency, efficiency, low barriers to entry, and decentralized traits, the Blockchain can smoothly deliver all these assets to anyone with access to the Internet.

What is the Indigo DAO?

Indigo is a decentralized community-led project. The Indigo DAO owns the Indigo Protocol, including the application, website, and all intellectual property. A DAO (decentralized autonomous organization) is like a company, but instead of being incorporated in a country is established in a blockchain.

You, the Indigo community, control the decisions for the Indigo DAO. You can cast your votes using the INDY token. A forum has been established to help facilitate community votes. All Indigo community members are encouraged to join the forum to propose, discuss and vote on ideas to guide Indigo’s future direction.

Where can you buy Indigo Protocol?

INDY tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Indigo Protocol is Minswap, where the most active trading pair INDY/ADA has a trading volume of $1,607.68 in the last 24 hours.

What is the daily trading volume of Indigo Protocol (INDY)?

The trading volume of Indigo Protocol (INDY) is $2,316.95 in the last 24 hours, representing a -52.80% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Indigo Protocol (INDY)?

Indigo Protocol (INDY) reached an all-time high of $4.50 and an all-time low of $0.06826. It’s now trading -97.10% below that peak and 92.10% above its lowest price.

What is the market cap of Indigo Protocol (INDY)?

Market capitalization of Indigo Protocol (INDY) is $2,679,536 and is ranked #2148 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of INDY tokens (20 Million tokens are tradable on the market today).

What is the fully diluted valuation of Indigo Protocol (INDY)?

The fully diluted valuation (FDV) of Indigo Protocol (INDY) is $4,586,004. This is a statistical representation of the maximum market cap, assuming the maximum number of 35 Million INDY tokens are in circulation today. Depending on how the emission schedule of INDY tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Indigo Protocol compare against its peers?

With a price increase of 12.80% in the last 7 days, Indigo Protocol (INDY) is outperforming the global cryptocurrency market which is down -1.10%, while outperforming when compared to similar Derivatives cryptocurrencies which are up 1.40%.