Indigo Protocol INDYPrice $ 0.208

Indigo is an autonomous synthetics protocol for on-chain price exposure to real-world assets, built on Cardano. 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.

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. Developers 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.