DeXe

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Discover DeXe's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is DeXe?

DeXe (DEXE) is a decentralized social trading platform built on the Ethereum blockchain. It allows users to automatically copy the trading strategies of experienced traders, providing a social network-like interface for interaction and sharing trading ideas. The platform utilizes smart contracts for trustless and transparent trading and offers features such as advanced charting, risk management, and portfolio tracking. Additionally, it has its own token, DEXE, which is used for governance and incentivizing traders and investors.

How is DeXe used?

DeXe (DEXE) is a cryptocurrency token associated with a decentralized social trading platform. It serves as a utility token within the ecosystem, enabling users to access and participate in the platform's features. The token is used for several purposes:

  1. Social Trading: Users can copy the trading strategies of experienced traders, allowing them to benefit from their expertise and potentially generate profits. Each token is backed by a real asset, and its price depends on the traders' skills.

  2. On-Platform Transactions: DEXE tokens are used for transactions within the platform, facilitating the smooth functioning of the ecosystem.

  3. Rewards: Token holders can earn rewards in the form of DEXE tokens for contributing to the platform's growth and development.

  1. Governance: DEXE tokens are used for governance purposes, allowing holders to vote on platform upgrades and changes. This ensures that the platform remains decentralized and autonomous.

  2. Automatic Buybacks and Burning: The platform engages in regular automatic token buybacks, which helps maintain liquidity and price stability. Additionally, a percentage of users' rewards gets burned, reducing the circulating supply and making the remaining tokens more valuable.

Overall, the DEXE token plays a central role in the DeXe ecosystem, facilitating social trading, governance, and rewards while maintaining the platform's decentralized nature.

How do I store DeXe?

To store DeXe (DEXE) tokens, you have several options:

  1. KuCoin Account: You can store your DeXe tokens in your KuCoin account. This provides quick access to trading products like spot and futures trading, staking, and lending. KuCoin acts as the custodian of your crypto assets, ensuring security and convenience.

  2. Non-Custodial Wallets: For enhanced security, you can withdraw your DeXe tokens to a non-custodial wallet. This grants you complete control over your private keys. You can use hardware wallets, Web3 wallets, or paper wallets. However, this option may be less convenient for frequent trading or staking.

  3. Cold Wallets: Cold wallets are the safest option for long-term storage. They are offline and can be either paper wallets or hardware wallets. Paper wallets involve generating public and private keys offline and storing them securely, while hardware wallets store your crypto addresses and keys in a USB drive device.

  1. Web3 Wallets: You can also use Web3 wallets to store and manage your DeXe tokens. These wallets provide easy access to your tokens and allow you to send, receive, and store them securely.

Remember to always set up strong passwords and security settings to protect your DeXe tokens from malicious actors.

How to buy DeXe?

To buy DeXe (DEXE) tokens, you can follow these steps:

Buying on Centralized Exchanges (CEX)
  1. Register and Verify:

    • Sign up on a CEX like Binance, MEXC, or Pionex.
    • Verify your identity with a government-issued document.
    • Enable two-step verification for security.
  2. Buy Base Cryptocurrency:

    • Use fiat to buy USDT, ETH, or BNB, depending on the CEX.
    • You can use the CEX's OTC trading service or a financial platform like PayPal or Robinhood.
  3. Transfer and Trade:

  • Transfer the base cryptocurrency to a CEX that supports DEXE trading.
  • Buy DEXE using the base cryptocurrency in the spot market.
Buying on Decentralized Exchanges (DEX)
  1. Choose the DEX:

    • Select a DEX like Uniswap, Sushiwap, or Pancakeswap.
    • Ensure you know the mainnet the DEX is built on (e.g., Ethereum or Binance Smart Chain).
  2. Buy Mainnet Cryptocurrency:

    • Purchase the mainnet cryptocurrency (e.g., ETH or BNB) using fiat.
    • Use this cryptocurrency to buy DEXE on the DEX.
Buying with Kriptomat
  1. Create and Verify:

    • Sign up with Google, Apple, or enter your name and email.
    • Verify your email, phone number, and identity.
  2. Add Funds:

    • Make a bank deposit or use your credit card to add funds.
  3. Buy DEXE:

  • Click on the Kriptomat icon, select "Buy," and choose DeXe.
  • Enter the amount, preview the transaction, and confirm your purchase.

These steps provide a general guide for buying DeXe tokens on various exchanges.

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History of DeXe

DeXe (DEXE) is a cryptocurrency that operates on the Ethereum blockchain. It was founded in 2017 and is part of the DeXe Network, a decentralized social trading platform that connects users and professional traders in a decentralized manner. The platform offers various decentralized finance (DeFi) trading tools, including a copy trading feature that allows users to replicate the trades of successful traders without exposing their private keys or wallet information.

The DeXe Network is governed by the DeXe DAO (decentralized autonomous organization), which uses the DEXE token for governance and sustainability. The token is the native ERC-20 token of the DeXe Network and is used to incentivize participation and ensure the platform's growth and sustainability.

DeXe has seen significant price fluctuations over time. Its all-time high was $33.54 on March 8, 2021, and its all-time low was $0.6535 on November 10, 2020. As of June 18, 2024, the current price of DeXe is around $11.47 USD, with a 24-hour trading volume of $8757054.97 USD and a market capitalization of $620,067,841.

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How DeXe works

DeXe (DEXE) is a decentralized social trading platform that connects successful traders with followers transparently and reliably. It operates on the Ethereum blockchain and utilizes the native ERC-20 DEXE token to govern the DeFi social trading application through the DeXe DAO (decentralized autonomous organization).

Key Features
  1. Social Trading:

    • Users can copy the trading strategies of professional traders, even if they do not understand the underlying reasons. This allows inexperienced traders to earn profits by following expert strategies.
    • Users can choose to follow multiple traders using different tokens, each backed by a real asset and priced based on the trader's skills.
  2. Automatic Token Buybacks and Burning:

    • DeXe engages in regular automatic token buybacks to ensure liquidity and maintain price stability.
    • A percentage of user rewards is burned, reducing the circulating supply and increasing the value of the remaining tokens.
  3. Decentralized Governance:

  • The DEXE token allows holders to participate in governance, voting on platform decisions and token burning initiatives.
  • The DeXe DAO ensures that users have control over their funds and can receive up to 100% of their starting deposit as compensation.
  1. Anti-Sniping Bot Service:
    • DeXe offers an Anti-sniping Bot Service (111PG) that protects projects and communities from sniping bots, which can be profitable for bots but detrimental to projects and token holders.
Benefits
  • Earn by Copying Effective Strategies: Users can earn profits by copying the most effective and advanced trading strategies.
  • Governance and Voting: DEXE token holders can participate in governance and vote on platform decisions, ensuring a decentralized and community-driven ecosystem.
  • Security and Compensation: DeXe ensures that users have control over their funds and can receive up to 100% of their starting deposit as compensation.

Overall, DeXe (DEXE) provides a comprehensive platform for social trading, decentralized governance, and token management, aiming to create a secure and rewarding environment for traders and users alike.

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DeXe's strengths

The token DeXe (DEXE) has several strengths that contribute to its value and utility within the DeXe Network ecosystem. These strengths include:

  • Governance and Voting: DEXE token holders can participate in the governance of the DeXe Network through the DeXe DAO, allowing them to vote on platform parameters, token burning initiatives, and farming rewards programs.
  • Passive Income: DEXE token holders can earn passive income through farming rewards programs, such as the High Farming Rewards (HFR) and Farming Rewards (FR) programs, which offer a chance to earn a passive income with decentralized finance (DeFi).
  • Security: The DEXE token helps ensure the security of user funds on the platform, with the goal of providing up to 100% compensation in case of a lost trade.
  • Decentralized Social Trading: DeXe Network offers a decentralized social trading platform where users can copy the moves and performance of professional traders, making it accessible to newcomers and those struggling with trading.
  • Token Buybacks and Burning: DeXe conducts regular token buybacks and burnings, which can help increase the token's value by reducing the circulating supply over time.
  • Multi-Chain Compatibility: The DEXE token is available as both an Ethereum ERC-20 token and a Binance Smart Chain (BSC) BEP-20 token, providing flexibility and compatibility across different blockchain networks.

These strengths collectively enhance the value and utility of the DEXE token, making it an attractive option for users and investors within the DeXe Network ecosystem.

DeXe's risks

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DeXe’s team

Whalee AI

The fundamental analysis assistant for crypto value investors.

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