Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Technology » IDEX to Launch New Tokens Ahead of Polkadot, Binance Chain Integration

IDEX to Launch New Tokens Ahead of Polkadot, Binance Chain Integration

by
,

IDEX launches a new trading product for integration with Polkadot and Binance Smart Chain. 

IDEX to Launch New Tokens Ahead of Polkadot, Binance Chain Integration
Shutterstock by Philographer

Key Takeaways

  • IDEX has rolled out a new product called Multiverse.
  • Multiverse is a multi-chain solution that will expand IDEX infrastructure to other blockchains like Polkadot and Binance Smart Chain.
  • New exchange tokens will be distributed to current IDEX ERC-20 token holders.

Share this article

Decentralized cryptocurrency exchange (DEX) IDEX has announced a new multi-chain solution to expand its infrastructure to other blockchains.

IDEX originally built infrastructure around Ethereum. The exchange has now decided to adopt other emerging networks, including Polkadot and Binance Smart Chain (BSC).

“In the past year we’ve seen several new smart contract platforms emerge, each with a unique set of capabilities and assets. As these platforms grow, we’ll see increased demand for trading these assets and a need for non-custodial trading solutions that support these networks,” said the DEX’s co-founder and CEO, Alex Wearn.

Wearn’s team is also rolling out two new tokens for each network integration. Users can earn IDXP for Polkadot and IDXB for Binance Smart Chain by staking IDEX tokens on the exchange. 

The new tokens will be distributed 1:1 to current IDEX token holders over the next two years through community staking, which begins on Dec 7.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.