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Author Topic: how is IDEX exchange going  (Read 7513 times)

Offline hugeblack

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Re: how is IDEX exchange going
« Reply #15 on: December 12, 2024, 12:11:31 PM »
If an exchange has low liquidity, there should be no good reason to use the exchange. The one I know about before was on a centralized exchange and not a decentralized exchange but it was not good at all. I noticed that if I trade, the order will not be processed at all. If you order at market price, you will regret it. I remember a coin I sold about $1.8 which was not processed but I changed it to market order and processed at $1.4. That made me move to another exchange which was better. Exchanges with low liquidity are not good at all.

The platform liquidity was good but the token liquidity was bad, they were pumping the token with high and low liquidity but when you wanted to sell the liquidity levels were much lower than mentioned (fake orders in the order book)


I don't know if the problem was with the platform or a loophole exploited by scammers but what I'm talking about was in 2019 when it was such a new scam.
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Re: how is IDEX exchange going
« Reply #15 on: December 12, 2024, 12:11:31 PM »

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Re: how is IDEX exchange going
« Reply #16 on: December 17, 2024, 04:38:23 AM »
If an exchange has low liquidity, there should be no good reason to use the exchange. The one I know about before was on a centralized exchange and not a decentralized exchange but it was not good at all. I noticed that if I trade, the order will not be processed at all. If you order at market price, you will regret it. I remember a coin I sold about $1.8 which was not processed but I changed it to market order and processed at $1.4. That made me move to another exchange which was better. Exchanges with low liquidity are not good at all.

The platform liquidity was good but the token liquidity was bad, they were pumping the token with high and low liquidity but when you wanted to sell the liquidity levels were much lower than mentioned (fake orders in the order book)


I don't know if the problem was with the platform or a loophole exploited by scammers but what I'm talking about was in 2019 when it was such a new scam.
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Offline libert19

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Re: how is IDEX exchange going
« Reply #17 on: December 17, 2024, 05:48:01 AM »
Idex was one of good dexes back in the day alongside etherdelta/forkdelta but once Uniswap arrived, these two became less appetizing. They had also had an update where they started requiring kyc, which I found really stupid cause dex and kyc doesn't sit together well for me and I never touched Idex after that.


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Re: how is IDEX exchange going
« Reply #19 on: December 21, 2024, 06:45:33 AM »
Oh yeah, their KYC decision is really baffling. I guess that's what you need to do when you're based in the US. But then I don't think other popular DEXes go as far as that. They can also go the easy route to ban IP from the US or something similar. I'm sure even if there were no other alternatives at that time people would still leave any DEX that requires KYC. Alienating your main customer is never really a good move regardless of market conditions. CMIIW.

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Re: how is IDEX exchange going
« Reply #20 on: January 23, 2025, 03:37:12 PM »
The last time I used this exchange was in 2020, and I still have funds there, maybe those funds have become worthless and become a dead project
Is IDEX exchange still active or has it closed?
because I couldn't find history in my search

      -       Based on my look at its website, I saw that this dex platform is still active and they have earning points that are given to active traders whether futures or spot, it seems to have points attached that can be turned into profit if I am not mistaken.

And it seems that its Ath was around 20$ way back in 2017-2018, I'm just not sure if the research I gathered is correct. So if its price is now at 0.04$ each Idx, even if it is only 1, this bull run is still fine in my opinion, just for a short period of time. I'll try to buy it.

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Re: how is IDEX exchange going
« Reply #21 on: January 23, 2025, 04:18:33 PM »
The last time I used this exchange was in 2020, and I still have funds there, maybe those funds have become worthless and become a dead project
Is IDEX exchange still active or has it closed?
because I couldn't find history in my search

      -       Based on my look at its website, I saw that this dex platform is still active and they have earning points that are given to active traders whether futures or spot, it seems to have points attached that can be turned into profit if I am not mistaken.

And it seems that its Ath was around 20$ way back in 2017-2018, I'm just not sure if the research I gathered is correct. So if its price is now at 0.04$ each Idx, even if it is only 1, this bull run is still fine in my opinion, just for a short period of time. I'll try to buy it.
can you give me the site of this idex exchange, or any info related to this exchange. honestly i am still very curious about this exchange

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Re: how is IDEX exchange going
« Reply #21 on: January 23, 2025, 04:18:33 PM »


Offline hugeblack

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Re: how is IDEX exchange going
« Reply #22 on: January 24, 2025, 10:00:36 AM »
can you give me the site of this idex exchange, or any info related to this exchange. honestly i am still very curious about this exchange
They have rebranded themselves and their platform several times, the platform was operational before 2020 but they launched a token on that date. In the past, utility tokens were not what they are now. https://coinmarketcap.com/currencies/idex/
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Re: how is IDEX exchange going
« Reply #23 on: January 27, 2025, 04:38:35 PM »
I stopped using this platform when they made KYC mandatory. It was one of the best exchange before the KYC period. The last update that I am aware of is that it expanded to other chains and it is still running and not dead. After reading this topic I did a search on Google and found the exchange. It has a new look and layout but I am not sure about the volume.

Yes, trading volume has been a drawbacks on some the Dex exchanges even IDEX. I once use IDEX exchange to trade but there is usually liquidity issues, and most disappointing situation over there is the inability of the listed projects over there to add liquidity constantly.
IDEX could still be on operation but might have loose many of it's users. I think that Dex exchange are gradually fading away, many of the Dex exchange are either without trading volume or poor community of users.

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Re: how is IDEX exchange going
« Reply #24 on: January 29, 2025, 04:00:29 PM »
IDEX could still be on operation but might have loose many of it's users. I think that Dex exchange are gradually fading away, many of the Dex exchange are either without trading volume or poor community of users.
The options are also more diverse and most of them allow you to connect more than one wallet without technical knowledge. The real difference is in liquidity, fees, new ideas and how to attract more traders, which are things that IDEX does not do properly.
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