IDEX (International Distributed Ethereum Exchange), Decentralized Capital’s new smart contract exchange, is now live on the Ropsten testnet and open for beta testing. We’re looking for as much community feedback as possible, so please come check it out! Here’s what you need to know to get started.
Setting-up Metamask & getting your account funded- Connecting to the exchange requires access to an RPC, and the easiest way to do this is through metamask. Simply install the metamask plugin and change the network from mainnet to Ropsten testnet (dropdown in the upper left hand corner of metamask).
- Once you are connected to the testnet you can get testnet eth through Metamask. In the account section click "buy" followed by "go to test faucet" to request eth from the faucet.
- You can obtain the other three currencies enabled for testing by sending some of this ETH to the following contracts. The contracts distribute 10,000 of each asset per ETH.
BTC.DC: "0x21e645597b16dadf9c1e8701d8bc20fb88314972"
USD.DC: "0xe8da06169d6773e85055e772ea1659e2a74b617e"
REP: "0xe1e3e3a5342ada2d41dabfdb42536f278fb83a44"
Depositing and Trading on IDEXNow that you have some test currency, you can deposit on
IDEX and start trading.
- Connection Settings - Select the “ethereum” dropdown in the navigation bar and ensure your RPC URL is correct. Metamask users type “metamask” in this field. Choose the correct testnet wallet address from the dropdown and click submit.Your wallet is now configured to work with the IDEX interface!
- Depositing Funds - Navigate to the "wallet" tab (next to "timeline") and deposit the currencies. Note, ETH deposits generate one Metamask pop-up for confirmation, while the other ERC-20 tokens generate two (one to call the approve function on the token contract, and another the deposit function on the IDEX contract).
- Making Trades - To place a new buy or sell order on the books enter in the price and amount and click "buy" or "sell." To fill an existing order, click on the order in question to populate the trade details, and then click "buy" or "sell."
- Order Book Changes - The order book will update to reflect your recent order as soon as you submit. When placing a new order it’s immediately available for other customers to fill. When filling an existing order, the order on the books is updated immediately, but you cannot trade again until it has settled on the blockchain.
Testing will run for a couple of weeks to ensure the exchange is stable before deploying to the mainnet. Please send all questions and bug reports (steps to reproduce, screenshots, etc.) to
[email protected].
DVIPLastly, the
DVIP sale re-opens today at 1pm eastern! DVIP is an ethereum token-based membership asset that entitles the holder to zero trade fees on IDEX as well as zero/discounted fees on DC Assets. Benefits last through 2019, at which time all DVIP holders will receive an additional $150 in IDEX trade fee credit!
Total supply is capped at 2000, and currently there are 79.41 DVIP are for sale at $225 each. At this price customers trading more than ~$110k on IDEX in the next three years will save money through the purchase of DVIP. When you factor in the $150 credit it takes just $37K in IDEX trades to make DVIP a smart buy! To purchase a membership or learn more please visit our
website.