IDEX Introduces Multiverse and Expands to Polkadot and Binance Smart Chain
Summary
SAN FRANCISCO--(BUSINESS WIRE)--IDEX, a high-performance decentralized cryptocurrency exchange (DEX), today announced Multiverse, a multi-chain initiative that brings its world-class trading experience to new blockchains, starting with Polkadot and Binance Smart Chain. As part of the initiative, IDEX is also issuing a new supply of tokens native to each blockchain to secure its operations and earn 50% of trading fees. “In the past year we’ve seen several new smart contract platforms emerge, each with a unique set of capabilities and assets,” said IDEX co-founder and CEO Alex Wearn. IDEXP and IDEXB will be distributed 1-1 to existing IDEX token holders over two years via a staking model, set to launch on December 7th at 12:00 UTC. The new exchange makes it easier than ever for market makers to integrate with their existing infrastructure and provide deep liquidity in a secure manner.