About Indigo Protocol
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. The INDY governance token comes from its use in the Indigo DAO voting process. The total supply of INDY will be 35M tokens with a 6-decimal precision. The max supply of INDY will be distributed to protocol users, stakers, and LPs over the course of four years. We believe in a fair distribution of the INDY tokens to the early adopters of the protocol, therefore there will be NO community pre-sale via ICO/ISO/ISPO. 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.
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Trading Insights
Searched
14
Market Stats
Market Cap
$18.54M
3.8%
FDV
$40.41M
Circ. Supply
16M INDY
Max Supply
35M INDY
Total Supply
35M INDY
Diluted Valuation
$41.31M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$23.25K
-8.35%
Volume (7D)
Not enough data
Volume (30D)
$515.88K
All time high
$4.58
Price Change (1Y)
42.68%
Additional details
Market details
INDY vs markets
↘ 12.1%
INDY vs BTC
↘ 18.61%
INDY vs ETH
↗ 30.56%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | 533bb94a8850ee3ccbe483106489399112b74c905342cb1792a797a0494e4459 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.17 | ↗ 3.03% |
1 Day | $1.13 | ↗ 2.91% |
1 Week | $1.08 | ↗ 8.48% |
1 Month | $0.94 | ↗ 24.85% |
1 Year | $0.82 | ↗ 42.68% |
Coinbase insights
Recent trends
The latest INDY price is $1.17. Compared to Indigo Protocol's value of $1.13 from 24 hours ago, there's been a 3% increase, while the current price is 8% up from $1.08 which was recorded one week ago. Indigo Protocol's all time high is $4.58, which was reached on July 14, 2023. This is a -75% change from its price today.
The current circulating supply of Indigo Protocol is 16,052,819. This is 46% of its max supply of 35,000,000 INDY and 46% of its total supply of 35,000,000. The market cap is currently $18.54M, which is a result of multiplying the current price of Indigo Protocol($1.17) by the total supply(35,000,000 INDY). The fully diluted valuation of Indigo Protocol is $40.41M. The diluted valuation of Indigo Protocol is $40.41M.
FAQ
We update our Indigo Protocol to USD currency in real-time. Get the live price of Indigo Protocol on Coinbase.
The current market cap of Indigo Protocol is $18.54M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Indigo Protocol is $4.58. This all-time high is highest price paid for Indigo Protocol since it was launched.
Over the last 24 hours, the trading volume of Indigo Protocol is $23.25K.
Assets that have a similar market cap to Indigo Protocol include HOSKY Token, Boba Network, Namecoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Indigo Protocol is 16 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#1704
Contributors
41
Posts
70
% About Indigo Protocol
0.014%
Hold times
0 days
X (Twitter)
20.68% bullish
Sentiment
4.5 ★
Highlights
41 unique individuals are talking about Indigo Protocol and it is ranked #1,704 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Indigo Protocol has an average sentiment score of 90 out of 5. Finally, Indigo Protocol is becoming less newsworthy, with 0 news articles published about Indigo Protocol.
On Twitter, people are mostly neutral about Indigo Protocol. There were 20.7% of tweets with bullish sentiment compared to 0.13% of tweets with a bearish sentiment about Indigo Protocol. 79.3% of tweets were neutral about Indigo Protocol. These sentiments are based on 35 tweets.
On Reddit, Indigo Protocol was mentioned in 32 Reddit posts and there were 34 comments about Indigo Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.