What is $IBCX About?

$IBCX is a Ethereum index token that’s designed to benchmark the leading Cosmos tokens’ performances.

It aims to achieve this by procuring and maintaining those tokens as its collateral. $IBCX price is dynamically calculated based on the spot prices of its selected components, or the collateralized Cosmos tokens.

The weight % of each token is determined and periodically rebalanced based on the results of the ION DAO’s governance voting.

$ION is a native token of Osmosis, and ION DAO plans to fully utilize the liquidity of Cosmos’s #1 AMM to ensure the successful operation of $IBCX.