# INDEX-USD · catalysts, narrative & risks

**Deep-research report — K3vl4r**  
**Symbols:** INDEX-USD  
**Sources:** 13  
**Published:** 2026-10-10  
**Canonical:** https://app.k3vl4r.com/research/deep-research-index-usd-catalysts-narrative-risks-2545

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## Which token is INDEX-USD?

The $0.0093 price anchor in our own system points unambiguously to **The Index** — a token launched on **Robinhood Chain** on **2026-07-03** — **not** to the long-established Index Cooperative (INDEX) on Ethereum. These are two different digital assets that share the ticker "INDEX," and even data aggregators conflate them [[4]](https://www.coindesk.com/price/index).

- **The Index (the asset in question):** built on ROBINHOOD, ERC-20 standard, contract `0x56910D4409F3a0C78C64DD8D0545FF0705389870`, total supply ~980.53M INDEX, max supply listed as ∞, launched 2026-07-03 [[4]](https://www.coindesk.com/price/index).
- **Index Cooperative (the other INDEX):** a DAO building structured DeFi products on Ethereum, trading near $0.266, with a 10M max supply and monthly token burns [[5]](https://www.coingecko.com/en/coins/index-cooperative), [[7]](https://www.coinbase.com/price/index-cooperative), [[8]](https://coinmarketcap.com/currencies/index-cooperative/).

Its ~$0.0093 price and sub-$10M market cap are inconsistent with Index Cooperative, confirming the Robinhood-Chain token is the relevant subject [[4]](https://www.coindesk.com/price/index).

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