IDEX Announces Launch of New $IDEX Token 2.0 and Expansive Ecosystem Upgrades

IDEX, a leading hybrid perpetuals decentralized exchange, has introduced its new $IDEX Token 2.0 alongside substantial upgrades to its trading ecosystem. The platform, known for merging a centralized exchange (CEX)-like trading experience with decentralized exchange (DEX)-like custody, aims to offer its users unparalleled opportunities through this strategic development.

The $IDEX Token 2.0 is a major move in IDEX's market strategy, including a 1:1 token swap for existing holders to ensure a smooth transition. Alongside, IDEX introduces a Points Program to reward trading activity and a staking program upgrade, where fifty percent of trading fees are converted to $IDEX and distributed among stakers. Additionally, an $IDEX/$USDC pool on its XCHAIN facilitates easy token swaps.

This ecosystem expansion also features an updated token supply to strengthen incentives, using community engagement and trading activities as metrics. These measures aim to foster a vibrant trading environment, rewarding community loyalty and participation, and supporting the development of trader-focused decentralized applications (dApps).

Alex Wearn, Co-Founder and CEO of IDEX, expressed confidence in the upgrades, emphasizing the protocol's commitment to innovation and growth. With new initiatives to support its community and enhance trading experiences, IDEX sets its sights on shaping the future of decentralized perpetual exchanges.