And Holy crap, that was smooth! Sure the website is a tad slower than Binance or whatever but the withdraw fee is 20-50x lower than Binance and no 500,000 trading bots on each coin. Was definitely impressed and now Aura is really peaking my interest...
Posted Feb 12, 2018, 2:54 PM UTC
Welcome to the community! As u/PhilWearn said, it is only going to get better from here. Glad to see you are interested in AURA as well. I assume you saw our most recent post with details?
Indeed I have but have some questions about IDXM. How many IDXM you need to get the free trades? Also, how is the Aura rewards distributed? Airdrop on a monthly basis? I am sure this has been asked ad nauseum but can you point me to FAQ with the payout details for IDXM? Great project btw.
We appreciate the feedback and opportunity to better explain our tokens to those interested in sharing in the success of IDEX!
IDXM benefits: You need one IDXM to get full membership benefits on IDEX. If you hold 1 IDXM, you can select either 2x market making rewards (paid out in AURA), zero trading fees, OR a percent combination of each. You'll see a slider in our "Benefits" tab on IDEX that makes this selection a little more clear. While owning more than one IDXM membership will not increase your maximum reward earning potential in this regard, additional IDXM can always be traded for its current market value.
AURA Rewards: Each month, one percent of the 200 million AURA tokens reserved for our rewards program (20% of the 1 billion total AURA) will be distributed to the wallets of participating users. This means 2M are distributed during the first month, 1.98M the second month, etc.
You'll find more details on our token sale page or our AURA rewards post, but I hope that addresses your particular questions. Happy trading!
Same, so happy when I find IDEX listed as a market for a coin on coinmarketcap!
I'm also a new fan of IDEX. Tired of Coinbase's fees and not seeing the coins I want on Bittrex. IDEX is the smoothest I've seen.
Quick question, though: It seems that I only need my private key to log in - no email or password. Am I mistaken? I think I might be. This seems potentially less secure than alternatives.
Will be telling everyone to use IDEX as soon as this is cleared up, thank you!
You can use your private key but that is not recommended. In fact it is the least recommended. Instead use the JSON file created at the time you made your wallet.
Ah I saw that option but didn’t realize it was more secure. Thank you!
Love the feedback!
We have been majorly overhauling the client the last week, brought on experienced professionals who have built many scalable sites to essentially rearchitect it from the ground up. In a few more weeks we should start getting those upgrades into production and the site will be way faster! I think you'll be quite pleased.
So excited about this! I moved to IDEX from ED and it's so much better.
Thanks!!!! We love to hear feedback like that, keeps us going strong.
Can't wait to get all of these recent upgrades live. Minds will be blown :)