[ANN]Introducing IndraDEX - A cross-chain decentralized trading platform!

[defisheikh]

It’s been an eventful few weeks in the Cryptosphere, with Bitcoin breaching all-time highs before settling down at around the 60K level. While it’s been fun watching the sea of green across Coinmarketcap and Coingecko, there is also one platform that builds and builds!

https://i.imgur.com/vucqF0o.png

⭐️IndraDEX!⭐️

The platfom is being used to a more traditional stealth-mode approach and will build its products in public and provide an unusual level of transparency into its process.
Rather than take the approach of unveiling the product to the public after months of hushed development, the team has decided to take the opposite route. It looks like something great in making!

The philosophy behind it is to make it far simpler for users to build and maintain futures positions.

⭐️Also what's exciting is the new token sale - The Airavat token sale⭐️

The platform is also ramping up towards the Airavat token sale with the ‘build in public’ approach to showcase a high level of transparency and momentum in the holistic development process. This itself is good enough to instill the confidence needed for users to participate. The Airavat token as it is,can be used not only to pay fees (utility) but as a collateral on the borrow/lend platform & be staked to enjoy a number of benefits such as a % share of commissions and the opportunity to mint membership NFTs that will have a special purpose in the Indra Capital ecosystem. Looks really interesting and more updates will be posted soon. But signing off now!

Check out now: https://indradex.io

[defisheikh]

We have of course heard several stories about HOLDers who jumped the crypto bandwagon early sheerly out of a good long term vision and conviction of course. Many of these early investors managed to rake in hundreds of thousands or even millions of dollars, but at the outset, I was of the belief that crypto was very uncertain and also not easily understandable. So I missed the boat early and invested very little into this opportunity.
 
But I realized it’s never too late with cryptocurrencies, especially when we have disruptive platforms at our disposal, we can within the crypto universe look at passive income-earning opportunities. Newcomers need not be wary anymore, because what it takes is crypto education, and we are all set.

If you're a crypto investor, staking is a concept you'll hear about often. Staking is the way many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings. I discovered my passion for staking, and kept on researching until I found a gem of a platform that would only make it easier for me.

Although the launch is still awaited, I discovered IndraDEX, & in my whole belief the great possibilities of the $AIRAVAT token’s staking function. The staked tokens will help accrue rewards both in the form of token benefits and other rewards through NFT mining.
 
In the end, Staking can be a great way to use your crypto to generate passive income, especially because some cryptocurrencies offer high-interest rates for staking.

I Will keep updating the thread more, meanwhile stay updated about the platform IndraDEX - https://twitter.com/IndraDEX_

[defisheikh]

Thanks to the crazy returns of investment on altcoins during the 2017 bull run and the 2020 DeFi boom, more and more users have been drawn to cryptocurrency trading in recent years.

As a result, I have seen the development of innovative exchange platforms that are marketed as complete solutions to everyone’s crypto trading needs, but do they fulfill all the needs?
 
Yes, that is a question we need to ask in our heads and be honest about it.

In my experience with the crypto world, centralized exchanges in my opinion carries inherent significant risks for investors because of hacks and scams. This is also a point of ire for the regulators which in turn poses a question about how much is the user privacy impacted. Hence I believe decentralized exchanges address this issue and have only blossomed in popularity in the recent years.

As promised, I want to extend this discussion to IndraDEX, which is a promising options & futures trading exchange (My new obsession). My research has induced me to get deeper and I found IndraDEX to be a DEX that is cross-chain, high performance with a seamless liquidation engine. High performance trading is key to futures & options trading and for that the right tech is essential. IndraDEX addresses this in a major way.

More on its way! https://twitter.com/IndraDEX_

[defisheikh]

Both Futures and Options are super exciting trading instruments for crypto lovers like me!

 

They offer unique benefits for traders and perhaps that’s the reason for their increasing growth in the trading world. All along with my experience, I have figured out that while futures tend to be more cost-effective, options attract lesser risk. Your choice on either of the two or both will totally depend on your risk appetite and liquidity.

For me, the real adrenaline pump is when they allow speculations and calculated risks & certainly not an exclusive activity of experts.
With instruments like futures and options, trading has become more mainstream and appealing.

 

Trading crypto futures or options often depends on preferences, but the ulterior goal is to maximize profits. Crypto futures offer you a large market to trade in, while crypto options offer you a low-risk market. This makes it important that your predictions are based on adequate analysis. While you cannot determine market flow and volatility, you can mitigate your loss.

Taking forward, IndraDEX is an upcoming futures and options DEX that has a high-performance vault. The vault could give yield more than 50% in both bull and bear markets & not synced with token rewards, APY’s or stablecoin yields. Doesn’t this sound amazing?

Amazing stuff - https://twitter.com/IndraDEX_

[defisheikh]

Staking tokens to earn passive income is a concept that has always excited me if I am being honest. The ability to earn income by simply utilizing my existing digital assets sounds too good to be true in the scam-filled crypto world.

However, recently when I discovered YieldWallet.io by Indra Capital, I was stunned by how genuine the platform looks and its unparalleled rewards. YieldWallet is the staking-as-a-service provider for XTZ, MATIC, MINA, and ONE, with services for DCR to be added soon.

Moreover, as YieldWallet is a non-custodial platform, I will retain control of my assets throughout the staking process which is a rare feature in the industry. I am super happy about how well my experience has already been with Indra Capital and cannot wait for their other products to be released. Find out more in future posts.

Check out: https://twitter.com/yieldwallet

[defisheikh]

When I started interacting with the crypto space I immediately became aware that most projects, while being transparent post-launch, do not allow the community to become a part of the development process. By building products and services in public, all blockchain and DeFi projects can introduce a higher level of transparency, reliability and trust.

Luckily, IndraDEX has taken this approach of building in public seriously and is sharing its journey with the community and letting us become a part of the project as it grows. From its robust DEX to the Airavat token sale, IndraDEX has taken the build-in public approach very seriously.

Learn more about how IndraDEX is taking a building in public approach and incorporating with all its products here - https://medium.com/indracapital/the-indra-capital-ecosystem-part-i-introducing-indradex-7654374ed68b

[defisheikh]

If you are a new crypto investor like me, you must have struggled with investing in cryptocurrencies using fiat too. Most of the platforms out there do not allow us to purchase directly using Fiat, and while others do, they charge high transaction fees.

Luckily, I discovered IndraX, an Indian cryptocurrency exchange for trading BTC, ETH, EOS, and other cryptocurrencies using INR (Indian Rupee). IndraX is currently under development and will soon launch to offer features as a fiat-crypto onramp, spot trading, and cloud staking.

 
 

Follow their founder to learn about their progress and announcements here - https://twitter.com/cryptohayek_

[CryptoMan180237]

So true! I'm going to check out it, because It can help me in a lot of things.