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Discover DEXTools'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 DEXTools?

DEXTools (DEXT) is a utility token for the DEXTools platform, a decentralized finance (DeFi) trading app that provides users with real-time charts, history, and token information from blockchain networks. The token is used to access premium features and participate in the ecosystem. It is deflationary and available on various exchanges.

How is DEXTools used?

The DEXTools (DEXT) token is the native cryptocurrency of the DEXTools ecosystem, a comprehensive platform for decentralized finance (DeFi) trading and analytics. Here's how it is used:

Accessing Premium Features

Holding DEXT tokens unlocks different membership tiers, each providing varying levels of access to the platform's tools and features. The standard plan requires holding 1,000 DEXT, while the premium plan requires 100,000 DEXT. These tiers offer additional features such as advanced analytics, exclusive data access, and premium trading groups like DEXT Force Ventures.

Trading and Analytics

DEXTools provides real-time data and analytics for decentralized trading platforms. Users can monitor market trends, track large transactions, and follow their favorite traders. The platform includes tools like Pair Explorer, Pool Explorer, and Big Swap Explorer to help traders make informed decisions.

Token Swapping and Alerts

Users can swap tokens directly within the platform using the "Multiswap" feature. They can also set up customized alerts for specific tokens to receive notifications about significant market activities.

Community and Governance

Premium members holding over 100,000 DEXT can participate in DEXT Force Ventures, a small investment group for DeFi projects. They also receive additional tokens through the DEXTShare reward program, which has generated over $5 million in monthly airdrops.

Token Supply and Deflation

The total supply of DEXT is 150 million, with roughly 70% already in circulation. The platform follows a deflationary model, burning 10% of tokens used for fee-based features each month. This model is expected to appreciate the value of DEXT over time.

Trading and Investment

DEXT is traded on several exchanges, including Uniswap, BKEX, and Poloniex. Users can buy DEXT in exchange for Wrapped Ethereum (WETH) or USDT stablecoin.

Educational Resources

The DEXTools Academy provides educational materials and tutorials on how to use the platform, as well as general information about cryptocurrencies and DeFi.

Overall, DEXT is a utility token that plays a key role in accessing premium features, trading, and analytics within the DEXTools ecosystem.

How do I store DEXTools?

To store DEXTools (DEXT) tokens, you need to have a compatible cryptocurrency wallet such as MetaMask or Phantom. Once you have a wallet, you can connect it to DEXTools by clicking on the "Connect app" button and then selecting "Connect Wallet" from the menu. This allows for the connection and verification of your wallet, enabling you to access various features and subscription tiers on the platform.

How to buy DEXTools?

To buy DEXTools (DEXT) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports DEXTools (DEXT) purchases, such as Coinbase or KuCoin.
    • Create an account, verify your identity, and add a payment method.
    • Search for DEXTools and select it for purchase.
    • Enter the amount you want to buy and confirm your purchase.
  2. Use a Decentralized Exchange (DEX):

    • Download a crypto wallet like Trust Wallet that supports the Ethereum network.
    • Set up your wallet and connect it to a DEX like Uniswap or Pancakeswap.
    • Select the Ethereum (ETH) as the payment and DEXTools as the coin you want to acquire.
    • If DEXTools doesn't appear, find its smart contract address on Etherscan and paste it into the DEX.
  3. Use DEXTools Academy:

  • Launch the DEXTools app and access the pair explorer to find trending coins.
  • Select a coin and use the app to buy it directly on Uniswap or Pancakeswap without needing an account.

Remember to check fees and ensure you are comfortable with the payment methods and security measures before making a purchase.

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History of DEXTools

DEXTools (DEXT) is a cryptocurrency that powers a decentralized finance (DeFi) app and ecosystem designed for traders on decentralized exchanges. The project was founded in 2020 by co-founders Javier Palomino and Frederic Fernandez, both experienced traders and developers. They initially funded the project themselves.

The DEXT token is the native utility token of DEXTools, used to access the app's features, premium trading groups, and community initiatives like DEXT Force Ventures. The token has a total supply of 146.73 million and a circulating supply of 97.67 million.

DEXTools provides a comprehensive platform for traders, offering real-time data analysis, tools to create unique strategies, and features to track market movements and profitable wallets. The app is accessible on various devices, including mobile, tablets, and desktops, and supports multiple blockchain networks.

The token has been listed on several crypto exchanges, including BKEX, PancakeSwap (V2), KyberSwap (BSC), and Poloniex, allowing users to purchase and trade it. DEXTools has also partnered with various projects such as 1inch, Ferrum Network, Elrond, and Kyber Network, expanding its reach in the DeFi space.

Historically, the DEXT token has experienced significant price fluctuations. It reached an all-time high of $0.940315 in March 2021 but has since traded at lower levels. As of May 2022, the token was trading at $0.1669, down 81.4% from its peak. Despite this, DEXTools continues to develop its ecosystem, with plans for future collaborations and integrations.

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How DEXTools works

DEXTools is a comprehensive platform designed to help traders navigate the decentralized finance (DeFi) market. It provides real-time data and analytics for decentralized trading platforms, making it easier for users to make informed investment decisions. Here's a detailed overview of how DEXTools works:

Key Features
  1. Token Analysis: DEXTools allows users to analyze tokens on various decentralized exchanges like Uniswap, SushiSwap, and PancakeSwap. This feature provides detailed insights into token performance, liquidity pools, historical data, and more.

  2. Big Swap Explorer: The platform offers a big swap feature that helps users track high-volume trades, enabling them to anticipate market shifts and make better trading decisions.

  3. Pair Explorer: This feature helps users monitor the performance of various trading pairs, identifying potential investment opportunities by displaying real-time data on price movements and trading volumes.

  1. Multiswap: DEXTools allows users to swap tokens directly within the platform. Users can select their trading pair and choose a decentralized exchange to execute the swap.

  2. Price Alerts: Users can customize alerts for specific tokens to receive notifications about significant market activities, ensuring they never miss crucial changes to their favorite tokens.

Membership Tiers

DEXTools operates on a tiered system, with three levels of user accounts: free, standard, and premium. Each tier offers varying levels of access to the platform's tools and features.

  • Free: The free tier provides basic features like live new pairs, pair explorer, big swap explorer, multichart, multiswap, stats, and 10 hot pairs.

  • Standard: The standard tier, accessible by holding 1,000 DEXT tokens or paying a monthly subscription of 277 DEXT, offers additional features like no advertisements, Telegram price alerts, 12 hot pairs, and access to the DEXT Force Discord channel.

  • Premium: The premium tier, exclusive to users holding over 100,000 DEXT tokens, includes all standard features plus DEXT Force Ventures, 15 hot pairs with faster updates, and privileged access to upcoming features.

DEXT Token

The DEXT token is the native cryptocurrency in the DEXTools ecosystem. It plays a key role in accessing premium features within the platform and acts as a utility token for services like advanced analytics and exclusive data access. Holding DEXT tokens unlocks different membership tiers, each providing varying levels of access to the platform's tools and features.

Deflationary Supply

The DEXT token has a deflationary supply, which means that the token supply decreases over time. This is achieved through monthly token burning events, ensuring that the token's value appreciates over time.

Trading and Investment

DEXTools allows users to perform atomic swaps of tokens directly through the platform. Users can connect their wallets to the platform, authenticate ownership, and start using DEXTools. The platform also offers a system of bots, including a price bot and a new pairs bot, which can be set up for free on Telegram to provide real-time notifications on price changes and trading pairs.

Educational Resources

DEXTools offers educational resources through the DEXTools Academy, which provides information on how to use the platform, relevant news, and educational materials on cryptocurrencies. This initiative aims to help beginners learn about crypto and contribute to mass adoption.

Roadmap and Goals

DEXTools aims to continue growing and improving its services, with a mission to "do for DeFi what cryptographic blockchains did for value and information transmission." The platform is constantly updating its features and roadmap to meet the evolving needs of the DeFi sector.

In summary, DEXTools is a powerful tool for DeFi traders, providing real-time data and analytics to help users make informed investment decisions. Its tiered system, deflationary token supply, and educational resources make it an attractive option for those looking to navigate the complex world of decentralized finance.

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DEXTools's strengths

The token DEXTools (DEXT) has several strengths that contribute to its credibility and utility in the DeFi market:

  1. Deflationary Model: DEXTools operates on a deflationary model, where a significant portion of tokens are burned regularly, reducing the total supply and increasing the token's value. This mechanism helps maintain the token's sustainability and prevents inflation.

  2. Exclusive Features: Holding DEXT tokens grants access to exclusive features, such as advanced analytics, extra price alerts, and premium trading groups like DEXT Force Ventures. These features enhance the user experience and provide valuable insights for traders.

  3. Community Engagement: DEXTools relies heavily on community feedback and participation. The platform encourages users to report technical issues and suggest improvements, fostering a collaborative environment that drives growth and development.

  1. Multi-Chain Presence: DEXT is a multi-chain token, existing on both the Ethereum network and Binance Smart Chain. This allows for seamless interactions across different blockchain ecosystems.

  2. Strong Tokenomics: The token's burn mechanism and deflationary model contribute to its strong tokenomics, making it one of the most deflationary and sustainable tokens in the DeFi market.

  3. Educational Initiatives: DEXTools Academy provides educational resources and guides on how to use the platform effectively, promoting crypto adoption and educating users about DeFi opportunities.

  1. Integration with Leading Platforms: DEXTools integrates with prominent DeFi platforms like Uniswap, SushiSwap, and PancakeSwap, expanding its functionality and user base.

These strengths collectively contribute to DEXT's value and its position as a leading utility token in the DeFi space.

DEXTools's risks

DEXTools (DEXT) carries several financial risks that investors should be aware of. One significant risk is the volatility of the token's value, which can fluctuate widely due to market trends, regulatory news, or changes within the DEXTools platform. Additionally, the decentralized nature of the sources DEXTools aggregates from can lead to discrepancies or delays in the data presented, potentially misleading users into making ill-informed decisions.

Another risk is the potential for overconfidence in the data provided by DEXTools. While the platform offers comprehensive analytics, it cannot predict market movements with absolute certainty. Users may still find themselves on the losing end of trades if they are not cautious. Furthermore, the accuracy of the data presented by DEXTools is a point of concern, as it relies on decentralized sources that can occasionally be inaccurate or delayed.

Investors should also consider the risk associated with the DEXT token itself. Like any cryptocurrency, its value can fluctuate significantly due to various market and regulatory factors.

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DEXTools's ecosystem

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DEXTools’s team

  • Frederic Fernandez: Co-Founder and CMO at DEXTools.io, responsible for marketing and strategic partnerships.
  • Javier Palomino: Co-Founder of DEXTools, a technology and finance expert who launched the platform to simplify DeFi trading.
  • Pablo Ojanguren: The first CTO of DEXTools, brought in to lay the foundations for the professional services provision of the platform.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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