What is DeXe
What is DeXe
History
DeXe (Decentralized Social Trading Platform) was launched in 2020 with the goal of revolutionizing the decentralized finance (DeFi) sector by providing a platform for social trading and decentralized asset management. The project was developed by a team of anonymous developers who sought to create a transparent and trustless platform where users could follow and copy the strategies of successful traders. DeXe was designed to address the issues of transparency, trust, and accessibility in traditional asset management.
An interesting aspect of DeXe's history is its commitment to decentralization from the outset. Unlike many other platforms, DeXe aimed to eliminate intermediaries and provide direct access to investment strategies through smart contracts.
Creators and Developers
DeXe was created by an anonymous team of blockchain developers and financial experts. The team chose to remain anonymous to emphasize the platform's decentralized nature and to avoid centralizing influence. Despite their anonymity, the DeXe team has gained recognition in the DeFi community for their innovative approach to decentralized asset management.
Technology
DeXe operates on the Ethereum blockchain, leveraging the network's smart contract capabilities to provide decentralized and transparent services. The platform utilizes a range of DeFi protocols to enable social trading, copy trading, and decentralized asset management. DeXe's smart contracts ensure that all transactions and strategies are executed in a trustless manner, with no need for intermediaries.
A key technological feature of DeXe is its use of decentralized autonomous organization (DAO) governance. The DeXe DAO allows token holders to participate in decision-making processes, such as approving new features or adjusting platform parameters. This ensures that the community has a say in the platform's development and direction.
Mining and Issuance
DeXe does not utilize traditional mining mechanisms like Proof of Work (PoW). Instead, its native token, DEXE, was initially distributed through a combination of private sales and public offerings. The platform employs a deflationary mechanism where a portion of the fees generated from transactions is used to buy back and burn DEXE tokens, reducing the overall supply over time. This mechanism is designed to increase the token's value as usage of the platform grows.
Networks and Support
DeXe is primarily supported on the Ethereum blockchain, but it also has cross-chain compatibility through bridges to other networks such as Binance Smart Chain (BSC) and Polygon. This cross-chain support allows users to interact with DeXe's services on multiple platforms, enhancing the accessibility and flexibility of the platform.
Additionally, DeXe has integrated with various decentralized exchanges (DEXs) and DeFi protocols, making it easier for users to trade and manage assets across different networks.
Supported Networks
Tangem Wallet supports DeXe on these networks
- Ethereum
- BNB Smart Chain
DeXe official links
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Install the app on your phone or download APKHow to buy DeXe in Tangem Wallet.
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DeXe FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- DeXe uses smart contracts on the blockchain to automate and secure trading strategies. These contracts execute trades based on predefined rules without needing manual intervention, ensuring transparency as all transactions are recorded on the blockchain.
- Unlike traditional platforms, DeXe is fully decentralized, meaning there is no central authority controlling the platform. This reduces the risk of manipulation or failure due to centralization, and it also offers users more control over their funds and strategies.
- Yes, users can earn rewards by staking DEXE tokens and by participating in decentralized insurance pools. These rewards provide additional incentives for users to engage with the platform and contribute to its liquidity and security.
Why choose DeXe wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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