IDRX
IDRX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
IDRX is an Indonesian rupiah-pegged stablecoin issued by PT IDRX Indo Inovasi, deployed across multiple EVM-compatible chains. Active development is moderate (6.5/10), evidenced by public GitHub activity and cross-chain integrations into 2026. However, community engagement is virtually nonexistent (2.0/10), and market adoption remains minimal (3.5/10) with negligible daily trading volume ($1.7K–$15K) and market capitalization (~$0.3M–$1.1M). Tokenomics (4.5/10) and Team/Governance (4.0/10) reflect severe centralization, unverified reserve transparency, and near-total opacity regarding leadership and backing composition. Security and audit history (6.0/10) documents a clean operational track record with no recorded depegs, hacks, or regulatory enforcement actions, though audit verifiability remains limited. With no qualifying red-flag events established, the overall score represents the exact weighted average across all six evaluated dimensions.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About IDRX (IDRX)
IDRX is an Indonesian Rupiah-backed stablecoin issued by PT IDRX Indo Inovasi, an entity based in Jakarta, Indonesia. Designed to maintain a 1:1 peg with the Indonesian Rupiah (IDR), the token utilizes an elastic supply mechanism backed by fiat reserves and government bonds. IDRX is deployed across multiple blockchain networks, including Polygon, BNB Smart Chain, Klaytn, Gnosis, Base, Lisk, World Chain, and Etherlink, with active development covering smart contracts, indexers, and Stellar integrations.
Market adoption for IDRX remains limited, with reported market capitalization ranging between $0.3 million and $1.1 million and daily trading volumes between $1.7 thousand and $15 thousand. Furthermore, data aggregators display material discrepancies in circulating supply metrics, and organic community engagement or IDRX-specific governance participation is virtually absent.
Governance and token administration are entirely centralized, with administrative control over minting and burning held by the issuing company. While the project maintains a clean operational record with no documented smart contract exploits, hacks, or depeg events, key operational risks remain. These include near-total opacity regarding the identity of executive leadership, unverified reserve compositions and custodians, and smart contract audit documentation limited to an assessment from July 2023 by an unnamed third-party auditing firm.