IDEX has completed a $2.5 million seed round led by G1 Ventures and Borderless Capital, and plans to launch IDEX 2.0 in a few weeks

IDEX, a decentralized exchange, completed a $2.5 million seed round led by G1 Ventures and Borderless Capital (including Collider Ventures and Gnosis). IDEX said that this round of financing will be used to launch IDEX 2.0. At the same time, the IDEX 2.0 API sandbox is currently running on the testnet, marking the beginning of the IDEX 2.0 phase, and it is planned to launch the IDEX 2.0 mainnet within a few weeks. David Garcia, founder and managing partner of Borderless Capital, said, “IDEX’s IDEX token assets not only help protect the second-tier network, but also allow users to earn a certain percentage of platform transaction fees in the form of ETH. IDEX tokens are a more A sustainable model does not rely on short-term asset inflation to create incentives.” Lianwen previously reported that IDEX has stated in its official blog that IDEX 2.0 will be based on IDEX’s current hybrid design, with a new UI design and its development The new capacity expansion solution will achieve unlimited off-chain expansion at a fixed on-chain settlement cost to eliminate the bottleneck that has hindered the development of DEX so far.