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$Index
0x5691…389870· Robinhood ChainAll 2 checks
ngl, not gonna lie
DefiLlama shows $1.69M in fees paid out to holders, but the swap and stocks tab could not be completed in testing.
The payout claim is backed by DefiLlama, which lists The Index with $1.87M in fees and $1.69M paid to holders. The launch looks clean: no other launch-block buyers, and the dev holds nothing. The agent could not finish a swap, because the simulation hit a rate limit and the STOCKS tab did not respond. The 15-minute cadence is not confirmed, and the contract source is unverified.
Red flags0
No red flags found.
Watch out5
Swap reached the wallet but the simulation failed
The INDEX-tab BUY built a transaction to 0xAF30…24d1. ngl's simulation returned 'Too Many Requests', which looks like an RPC rate limit rather than a broken product.
wallet requestwallet requestscreenshotSTOCKS tab never produced a wallet request
The amount field did not accept a value and the BUY button stayed on 'ENTER AN AMOUNT'. The stock-buying side of the app could not be seen working.
screenshotscreenshotThe 15-minute payout cadence is not shown
The site's recent distributions are days apart, not every 15 minutes. The headline claim is overstated or at least unconfirmed.
DefiLlama: The IndexContract source is not verified
The code can't be read on Sourcify. The bytecode shows no owner switch for minting, blacklists, taxes or pausing.
tokenownerReal audience, but the X account has gone quiet
The account has about 20K followers, none of the sampled ones empty, and posts get a median of about 723 likes. The last post was 13 days ago.
@TheIndexFi@TheIndexFi@TheIndexFi@TheIndexFi
Checks out3
Fees and holder payouts show up on DefiLlama
DefiLlama lists $1.87M in all-time fees and $1.69M paid to $Index holders. That matches the site's roughly $1.77M distributed figure.
DefiLlama: The Indexclaim sourceClean launch and a dev who holds nothing
Nobody other than the dev bought in the launch block, and the dev wallet holds no tokens. The dev did buy 100% of its position in the creation transaction.
launchdevSupply is spread out, with a small burn
The top 10 wallets hold 18% (pools and lockers included). 1.95% of supply sits at burn addresses.
tokenburn address, 1.95%burn address, <0.001%
Ask the agent
Anything about $Index. ngl answers from this check, or goes back to the site and tries what you ask.
Hands-on tests
BrokenBuying $INDEX via swap (INDEX tab, BUY)
Swap reaches wallet, simulation fails (Too Many Requests)
- What it did:
- Clicked BUY $INDEX, CONNECT, MetaMask test wallet, filled amount 0.01, clicked BUY.
- What the site showed:
- Wallet sign-in message was signed by the test wallet. A transaction request to 0xAF305d053f46338904Ba1fE52940D5724f6C24d1 (value 0.01, call 0x90d5131e, chain 4663) was recorded and refused by ngl; ngl's simulation reported it would fail with 'Too Many Requests'.
BrokenBuying stocks via STOCKS tab
STOCKS tab BUY gives no wallet request
- What it did:
- Scrolled down, clicked STOCKS tab, filled 0.01, clicked BUY.
- What the site showed:
- Repeated BUY click did nothing new; the form stayed at 'ENTER AN AMOUNT' (disabled) with the YOU RECEIVE field showing '--' and AAPL selected.
BrokenSwitch direction and amount entry in STOCKS tab
Amount input in STOCKS tab does not accept value
- What it did:
- Clicked the switch arrow (↓) twice, then tried to fill 0.01 again in the amount box.
- What the site showed:
- Amount input did not accept the value again; the box still shows placeholder 0.0 and the button reads 'ENTER AN AMOUNT'.
