Indigo Protocol $INDY

Indigo Protocol is a revolutionary crypto project that operates as an autonomous synthetics protocol for on-chain price exposure to real-world assets. Its unique structure, built on Cardano, has initiated the first Native Stablecoin in the Cardano ecosystem, known as iUSD. Indigo Protocol is designed to enhance the accessibility of investment opportunities by allowing users to recreate and invest in a variety of synthetic assets.

Functioning of Indigo Protocol

Indigo Protocol enables users to create synthetic assets, which are termed as iAssets. These iAssets can be created utilizing currencies such as stablecoins and ADA and mimic the price effect of the original asset. This allows users to potentially profit from an increase in the price of an asset without the need to own that asset in reality.

Introduction to Synthetic Assets

Synthetic Assets provide users with exposure to a multitude of assets without the requirement to own the underlying asset. This includes any assets that hold value in the real world. Due to the benefits provided by Blockchain, such as transparency, efficiency, low entry barriers, and decentralization, these assets can easily be delivered to anyone with internet access.

The INDY governance token

The INDY governance token derives from its utility in the Indigo DAO voting process. The total supply of INDY is set at 35M tokens with a 6-decimal precision. The maximum supply of INDY will be disseminated to protocol users, stakers, and LPs over a four-year period. In an act of ensuring fair distribution, there will be NO community pre-sale of INDY tokens via ICO/ISO/ISPO.

Understanding Indigo DAO

Indigo Protocol operates as a decentralized, community-led project. The ownership of the Indigo Protocol, including the application, website, and all intellectual property rights, lies with the Indigo DAO. A DAO (decentralized autonomous organization) operates similarly to a company but on a blockchain instead of being incorporated in a country.

Control over the decisions for the Indigo DAO rests with the Indigo community. By utilising the INDY token, community members can cast their votes. A forum has been established to facilitate community voting, where all Indigo community members are encouraged to propose, discuss and vote on ideas that will shape the future of Indigo