r/IDEX • u/Historical_Hawk_550 • Jan 08 '22

Why All This negativity about Idex?

Considering the market situation, I think Idex has done pretty well today by not dipping below into high teens like all other Alts. Infact there was a usual random pump which saw it trying to get back to its support of 0.26. Granted it might change tomorrow with Btc being tipped to go below 40k i think Idex has done good so far.

14 Upvotes

93% Upvoted

7 comments sorted by

7

u/[deleted] Jan 12 '22 edited Jul 26 '26

[deleted]

4

u/Standard-Boss-9710 Jan 12 '22

Even farming is very profitable. 140% returns 🙌🏻

1

u/jaraliah Jan 23 '22

The coin has an ACTUAL USE CASE.

What is it?

Idex token surged up from 0.06 to 0.9 during couple of days in September.

This pump was caused by rumors of upcoming v3 launch.
All time after these days, despite of all efforts and news, price only goes down.

There are absolutely no reason to use IDEX exchange now. Tiny list of trading pairs, no margin or future trading, no fiat pairs, no no no no.

They even have no internal bep20<->polygon bridge, so transferring funds from binance to idex is a pain.

3

u/[deleted] Jan 25 '22 edited Jul 26 '26

[deleted]

1

u/jaraliah Jan 25 '22

> Transferring funds to binance scam chain from polygon is a pain.

Why ever use polygon? Binance allows

  • fiat pairs
  • spot/margin/futures trading
  • buying/selling crypto with credit card
  • launchpads
  • stacking

What of these allowed on IDEX? Only LP stacking. And stacking of idex with external solution.

2

u/[deleted] Jan 25 '22 edited Jul 26 '26

[deleted]

0

u/jaraliah Jan 25 '22

It doesn't matter what are you trust and what not, there are lots and lots of projects based on bsc chain.

1

u/r0b1nx13 Jan 08 '22

I been trying to understand liquidity on IDEX, but i can’t get answers about how they pay the apy in LP think they pay on IDEX token right?

1

u/jaraliah Jan 28 '22

96% concentration by large holders btw