How to Acquire INDEX Tokens
There are three main ways you can acquire $INDEX:You can purchase $INDEX from an exchangeYou can participate in liquidity mining programsOr, you can contribute to the Index Coop
June 22, 2021
How to Acquire INDEX Tokens
As a DAO, Index Coop is governed by its community members. Collectively, we use the $INDEX token to propose and vote on new products, the allocation of the treasury, and the future direction of the DAO. There are three main ways you can acquire $INDEX:
- You can purchase $INDEX from an exchange
- You can participate in liquidity mining programs
- Or, you can contribute to the Index Coop
1. Purchase From an Exchange
If you already have an active Ethereum wallet and are familiar with buying and selling currencies on a decentralized exchange (DEX), then you can buy $INDEX that way, too. Uniswap or Sushiswap are a good decentralised exchanges to start.
- First, you’ll need to connect your wallet to the exchange of your choice.
- Then you can trade whatever currencies you have in your wallet directly for $INDEX.
One last note to keep in mind, you can also buy Index Coop products directly from the Index Coop or TokenSets, which route through Uniswap.
The Index Coop is working on getting $INDEX listed on more centralized exchanges, but for right now you can purchase $INDEX from hoo.com, hotbit.io, and bilaxy.com.
2. Participate in Liquidity Mining Programs
When you provide liquidity to a DEX and stake the LP tokens on a protocol for additional incentives, you are engaging in liquidity mining.
Index Coop is currently running two liquidity mining programs. The DPI/ETH and MVI/ETH pairs are generating a variable yield of 12% and 25% respectively paid out in $INDEX tokens. Keep in mind that this yield is volatile as it is subject to price fluctuations and impermanent loss, and it can also be modified in the future via governance. Once you LP the pairs on Uniswap, bring the LP tokens here to stake them for those extra $INDEX rewards.
There will likely be additional liquidity mining programs implemented in the future as Index Coop continues to develop and bring to market new products.
3. Contribute to the DAO
One of the most exciting ways to earn $INDEX tokens is to contribute to Index Coop itself. There are two primary programs for contributing to the DAO:
- Treasury Rewards for Meaningful Contributions
- Creating or Contributing to Working Groups
As outlined in the Rewards Distribution and Methodology forum post, meaningful contributions can include, but are not limited to:
- Creating valuable content (e.g. a viral meme, Twitter or blog posts, banners/ads, etc.).
- Getting integrations with other products (e.g. Compound, Maker, Aave, etc).
- Having discussions in Discord, the forum, Twitter, etc. that meaningfully contribute to the community’s conversations and proposals.
- Creating product specifications or methodologies.
Each month, contributors post their contributions to the Discord and receive compensation in the form of $INDEX tokens.
If you are interested in participating in the Index Coop community, you can join us on Discord and drop your question in the #help channel!
What is the Index Coop?
The Index Coop is a decentralized autonomous organization (DAO) that creates decentralized financial products that unlock prosperity for everyone. We build simple, powerful index products to provide access to a variety of crypto investment themes and make it simple, safe and affordable to invest in decentralized finance.
How to buy Index Coop products with fiat currencies:
- First, you’ll need to create an Ethereum wallet like Argent, Metamask, Gemini, or Rainbow
- Next, you’ll set up your new wallet and connect your bank account
- Once you’ve deposited fiat currency in your wallet you can exchange it for Index Coop products like DeFi Pulse Index (DPI) or the Metaverse Index
Disclaimer: This content is for informational purposes only and is not legal, tax, investment, financial, or other advice. You should not take, or refrain from taking, any action based on any information contained herein, or any other information that we make available at any time, including blog posts, data, articles, links to third-party content, discord content, news feeds, tutorials, tweets, and videos. Before you make any financial, legal, technical, or other decisions, you should seek independent professional advice from a licensed and qualified individual in the area for which such advice would be appropriate. This information is not intended to be comprehensive or address all aspects of Index or its products. There is additional documentation on Index’s website about the functioning of Index Coop, and its ecosystem and community.
You shall not purchase or otherwise acquire our restricted token products if you are: a citizen, resident (tax or otherwise), and/or green card holder, incorporated in, owned or controlled by a person or entity in, located in, or have a registered office or principal place of business in the U.S. (defined as a U.S. person), or if you are a person in any jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized (together with U.S. persons, a “Restricted Person”). The term “Restricted Person” includes, but is not limited to, any natural person residing in, or any firm, company, partnership, trust, corporation, entity, government, state or agency of a state, or any other incorporated or unincorporated body or association, association or partnership (whether or not having separate legal personality) that is established and/or lawfully existing under the laws of, a jurisdiction in which such offer, sale, and/or purchase of any of our token products is unlawful, prohibited, or unauthorized).
