DeXe.network – Follow the strategies of other traders in a decentralized way
Discover DeXe.network, a platform for monitoring the operations of the best traders in a decentralized manner. DeXe.network is notably accompanied by DEXE, its governance token giving many advantages to its holders.
What is DeXe.network?
The DeXe.network project , or DeXe , is presented as a decentralized “social trading” platform designed to follow the strategies of the best traders . This platform provides a complete copy trading tool in the decentralized finance (DeFi) environment.
To do this, any user must connect to DeXe.network a wallet for which he holds the private key, such as Bitcoin Code or Trust Wallet (therefore excluding those of centralized platforms). Then he can choose a trader or a group of trader based on their performance and subscribe to it.
Once a trader is followed, DeXe.network copies their trades according to the parameters predefined by the user himself. For example, the user can request that a manual confirmation be requested before each operation.
For traders wishing to share their operations, all they need to do is install a specific plugin on their browser and then establish a connection between an exchange and DeXe.network . After that, they can set the desired payout option for those copying their trades either a fixed payout or a percentage of the profit made.
When it is launched, the DeXe.network ecosystem will already be quite complete, with the support of the main decentralized exchanges like Uniswap , DeFi protocols such as Balancer and Curve, then protocol aggregators like 1inch .
Major centralized exchanges can also be connected to DeXe.network, including Huobi Global , Binance , OKEx , Bittrex or even Bitfinex .
The DEXE token and its use cases
To ensure the decentralization of its ecosystem, DeXe.network adopts a governance token, the DEXE . The holders of this ERC-20 token will play a role in the future development of the platform, in particular by proposing potential modifications and by approving them or not by a vote.
When a DeXe.network user makes a profit, the protocol’s smart contract will automatically deduct a commission from their income. A portion will be charged to traders for providing the copy trading tool and managing their portfolio.
The second part of the commission will be split, of which 50% will be redeemed and burned by DeXe.network, and 50% will be divided among the holders of DEX tokens .
L’ICO by DeXe.network
For the launch of the platform, DeXe.network is therefore organizing an Initial Coin Offering (ICO) dedicated to the DEXE token . The total token supply is set at 100 million units and 5 million DEXE will be distributed during the ICO.
The sale begins September 28 and will last 22 days , each day corresponding to one round of the ICO. Indeed, a certain quantity of DEXE tokens will be available for purchase on a daily basis. On the first day, the largest number of tokens will be sold, i.e. 1 million DEXE (20% of the entire ICO).