What is DeXe Network? DeXe Network is a blockchain project that provides its users with a decentralized social trading platform and DeFi services. In this article, you can find answers to frequently asked questions such as what is DeXe Network, what it offers, how to get DEXE coin, what it is used for. As Kriptokoin.com, we have prepared the project for our readers who are curious.
What is DeXe Network?
DeXe Network is a blockchain platform incorporating decentralized finance (DeFi) tools, wealth management service, and a decentralized social trading platform. The project has a native cryptocurrency called DEXE coin. Built on the Ethereum Blockchain, the platform aims to be a “one-stop-shop for DeFi trading” for users. The project has a trading platform that allows crypto trading.
The platform works as a decentralized autonomous organization (DAO). DAOs are managed decentralized. Decisions taken for the platform are determined by voting by all platform participants, not by a central authority. Voting takes place in a completely transparent manner. Besides, in a DAO, participants can bid on topics they want updated on the platform.
The most important feature of DeXe Network is its decentralized social trading platform. Users can follow their favorite traders through the platform. In addition, through the “DeXe Follow” smart contract, it acquires a synthetic token corresponding to the trader’s assets. The value of the token depends on the investing skill of the trader and the token is backed by real assets. The platform allows users to clone multiple wallets at the same time, allowing users to manage different trading strategies at the same time.
What is DEXE coin? What is it used for?
DEXE coin is a token that works as the native cryptocurrency of DeXe Network. The token was created with the ERC-20 smart contract. DEXE also acts as a governance token. DEXE holders can participate in the DAO, vote on the decisions taken regarding the platform, and receive benefits due to their participation. Users can earn bonus betting rewards by holding the token. Also, DeXe Network offers all users the ability to get back up to 100% of their initial deposit as compensation if they lose a trade.
In addition to all this, Binance exchange, which lists a DEXE-related pair, recently announced that the token can be purchased with credit and debit cards. At the time of writing, DEXE coin was the 743rd largest cryptocurrency with a market cap of $25 million. There were 3.5 million in circulation, equivalent to 4% of the token, whose maximum supply was capped at 98.9 million.
How to get DEXE coin?
Currently DEXE coin; It is listed by crypto exchanges such as Binance, Kucoin, Gate.io, and HitBTC. Investors interested in the DeXe Network project can purchase the token by subscribing to one of these exchanges and depositing money in their wallets.
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