What is DeXe Network (DEXE) | What is DeXe Network token |What is DEXE token
The DeXe token (DEXE) claims to enable the open and permissionless system. Following protocol rules and contributing resources facilitates consensus between participants. The token has two vital functions:
(1) Automatic buyback and distribution among insurance vault, farming rewards among token holders and burning of tokens for a % of traders’ rewards.
(2) Participation in DeXe DAO. It is not required to be a DEXE token holder to participate in DeXe.network and benefit from the several of its social trading functions. Moreover, DeXe is uploading DEXE smart contract into the open-source community which is free speech and is the fundamental tenants of its Memorandum. However, in order to be able to fully participate in the community, receive the voting right, contribute through proposals and benefit from the incentives inside the network, basically, to become the member of DAO, users are required to acquire DEXE.
Dexe.network or Dexe is a decentralized social trading platform designed to copy the best traders strategies.
With the development of decentralized finance technologies, new products are emerging.
Here is one of them. It is a very useful tool for both traders. So it is for investors.
It’s a unique product creating a one-of-a-kind copy trading tool in the DeFi environment.
Our team has been developing this product since 2019 using all experience and industry standards of trading. During this time, we managed to reach a key goal — the creation of an easy-to-use product for decentralized copying of the best traders.
How does it work?
We have implemented 2 types of user’s experience.
1. When the user can simply copy the wallet via the DeXe interface on the platform.
2. When the user can check the statistics and rating, select the desired trader and through the DeXe network smart contract start copying.
The user doesn’t experience difficulties in both cases. He/She should only have a desktop or smartphone wallet (for example, MetaMask or Trust Wallet).
Let’s look at the second case in more detail. When the user invests in a DeXe smart contract, the system issues a token of this trader that is equal to the value of the invested assets by the user. In this case, the Trader trades with the user’s investments, on the other hand, the user has the trader’s token, which he can hold in his wallet, send to another address, donate, etc. The trader, after a certain period of time, increases the volume of traded funds so the user’s token value also increases. Voluntary, the user transfers this token to the DeXe smart contract and receives the asset and the profit earned by the trader in return.
DeFi lacks decentralized asset management
The DeFi ecosystem shows unheard-of growth rates. According to the Defi Pulse resources, at the moment, the volume of Locked USD in DeFi has increased more than ten times this past year to reach USD 7B. This environment gave birth to decentralized banks and various projects in lending and borrowing, insurance, tokenization of assets, etc. However, it is still lacking tools for decentralized capital management. Our DeXe network is designed to fill this void with a decentralized social trading product.
Dexe.network operates on the DAO (decentralized autonomous organization) principles. It means that any user within this network fully controls all financial transactions going through a personal wallet. No third parties interfere in the process.
The necessity of such a secure and decentralized money management tool is undeniable. Dexe provides an opportunity for any user to invest safely in a decentralized environment, controlling risks and finances using just the his/hers wallet.
Ready to start, we need feedback
Our community will be composed of network members who will take important structural positions in the network as it grows and develops. To enjoy the Dexe project numerous opportunities, join our community, and be the first to hear our hottest news.
Dexe is already operating in a trial mode, and we’ll become public soon! Stay tuned!
Subscribe to our social networks to be the first one to know about the public release and provide feedback and questions:
As promised, DeXe.network is presenting the details of the upcoming token sale.
This is an important moment for the DeXe.network ecosystem and the pass for the fairest and most honest way to attract the most interested community members to build a decentralized permissionless DeXe.network ecosystem, this event will give the platform growth and the ability to scale.
DeXe.network wants you to take time to familiarize yourself with all the provided information, and receive valued/important feedback.
TOKEN SALE DETAILS
Everyone will be able to participate in the token sale, and everyone will have the chance to choose the most interesting screenplay.
DeXe.network would like to note that the structure of the token sale is very specific, a large number of details have been calculated mathematically, and the token sale itself will allow all the interested users to understand how the product works and what benefits can be obtained using the DeXe.network platform.
Moreover, for all participants who, for various reasons, will not be able to take part in the token sale, but want to be part of the community, several interesting activities will be held where participants will be rewarded with tokens of DeXe.network ecosystem.
The date of the token sale will be announced soon, stay tuned!
Dear community, we are glad to tell more details about the DeXe Utility token, and today we are satisfied to declare that the first round of the token sale will start on September 28, 2020.
The structure of the project’ token sale is quite complicated, so each of you have to comprehend the subtleties so as to settle on an educated choice and pick your own strategy.
Let’s start with the main thing:
The token sale will occur on the DeXe autonomous smart contract, we will inform you regarding its features and a detailed description of its work soon.
1. Using the DeXe Utility token in the ecosystem:
1.1 Programmed redemption and burning of tokens for a certain % of the traders’ compensation.
1.2 Control over DeXe treasury better. One of the DeXe functionality includes farming rewards with DeXe.network from social trading activity.
1.3 Use of the token by the holders for casting a ballot and settling on choices regarding:
a. The timespan and adjustment of the percentage of tokens burned.
b. Effect on the number of remunerations got for farming (increase or decline the percent of accrual)
c. Voting for the date of burning tokens and ascertaining the reward for farming (details below).
1.4 Work of the system for insuring users’ deposits by staking tokens on DEX.
2. Token metrics:
Token name — Dexe
Ticker — DEXE
Token type — ERC20
Token price — formed by the first round, based on funding.
For instance, if the aggregate sum of funds gathered in the first round was $ 500,000, at that point we isolate this sum by the quantity of tokens allocated for the first round — 1,000,000, subsequently we get the base cost of the token $ 0.5
The total number of tokens is 100,000,000 DEXE
Initial circulation after 22 rounds — from 2,000,000 to 6,000,000 DEXE (depends on the number of tokens that will be sold or burned during the sale)
Accepted in USDC, USDT and ETH
Circulating offer after 22 rounds — from 2,000,000 to 6,000,000 DEXE (depends on the quantity of tokens that will be sold or burned during the sale)
Each participant will have the option to deposit the sum that he wants. At the end of the round, all participants will get tokens in proportion to their contribution, contingent upon the formed token price on the DEX in this round.
3. Distribution of tokens:
● Public sale — 5%
● Staking rewards — up to 10%.
● Fund — 33%
● Team — 20%
● Partnership and ecosystem — 16%.
● School of trading and competition — 10%
● Marketing — 5%
● Market liquidity fund — 1%
4. Token lock and release:
● Public token sale — no lock
● Awards for staking — vesting for 12 months.
● Foundation — lock for 1 year, with vesting for 48 months.
● Team — 6 months lock, vesting for 24 months.
● Partners and ecosystem — 3 months of lock, vesting for 12 months
● School of trading and competition — 2 months of lock, 12 months of allotment.
● Marketing — lock for 1 month, vesting for 12 months
● Market liquidity fund — no lock
Sale duration is 22 days, where 1 round continues 24 hours.
Participants of the rounds will receive daily dynamic staking rewards when they holding DEXE tokens.
Details
After every finished round of the token sale, participants have to claim their DeXe tokens.
Since the goal of the DeXe team is not to raise funds, but to create a strong ecosystem and a reliable, informed community, the first round is strategic. Long term partners, and those users, who can bring the greatest value to the product can participate in it. After the launch they will become the first large clients.
Fill out the application form of the first token sale round participants and we will consider it.
Application form
In the first round, the largest possible amount of tokens that could be sold is 20% — 1,000,000. For each ensuing cycle, 190,476 tokens will be allocated.
Additionally, each participant of the sale is allowed to turn into a member of the Dynamic Staking rewards program. You simply need to keep the tokens in your wallet during the sale period. If the user buys tokens in addition in subsequent rounds by at least 1% or more (of the total number of tokens he has bought before), he will receive х2 Staking rewards.
Would you like to earn DEXE right now! ☞ CLICK HERE
Looking for more information…
☞ Website
☞ Explorer
☞ Whitepaper
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#cryptocurrency #bitcoin #dexe network #dexe
