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.
Get up to $200 for getting started
Sign me up
Trading Insights
Searched
7
Market Stats
Market Cap
$19.25M
FDV
$41.97M
Circ. Supply
16M INDY
Max Supply
35M INDY
Total Supply
35M INDY
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$14.18K
63.25%
Volume (7D)
$89.75K
Volume (30D)
$1.19M
All time high
$4.58
Price Change (1Y)
48.09%
Additional details
Market details
INDY vs markets
↘ 12.46%
INDY vs BTC
↘ 17.87%
INDY vs ETH
↗ 43.85%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
ADA | 533bb94a8850ee3ccbe483106489399112b74c905342cb1792a797a0494e4459 |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.20 | ↗ 12.10% |
1 Day | $1.07 | ↗ 12.10% |
1 Week | $1.01 | ↗ 18.98% |
1 Month | $1.05 | ↗ 14.43% |
1 Year | $0.81 | ↗ 48.09% |
Coinbase insights
Recent trends
The latest INDY price is $1.20. Compared to Indigo Protocol's value of $1.07 from 24 hours ago, there's been a 12% increase, while the current price is 19% up from $1.01 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 -74% 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 $19.25M, which is a result of multiplying the current price of Indigo Protocol($1.20) by the total supply(35,000,000 INDY). The fully diluted valuation of Indigo Protocol is $41.97M. The diluted valuation of Indigo Protocol is $41.97M.
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 $19.25M. 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 $14.18K.
Assets that have a similar market cap to Indigo Protocol include BFG Token, pippin, OG Fan Token, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Indigo Protocol is 16 million.
Get up to $200 for getting started
Earn free crypto after making your first purchase.
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.
Indigo Protocol calculator
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
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.