What is DeXe Network & the DEXE Token?

Ivan On Tech

Written by Ivan on Tech

September 13, 2021

DeXe Network, or DeXe, offers a fully decentralized social trading platform alongside a cryptocurrency asset portfolio environment and novel decentralized finance (DeFi) trading tools. Operating on Ethereum, the native ERC-20 DEXE token governs the DeFi social trading application through the DeXe DAO, or decentralized autonomous organization. Benefitting professional traders, applications, and novice DeFi traders alike, the DeXe crypto ecosystem is at the forefront of decentralized social trading, providing state-of-the-art trading resources.

In this article, we are going to dive deep into the DeXe crypto ecosystem, exploring the applications available throughout the DeXe Network. Also, we’ll look at the various applications in development and the DEXE token utility. 

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What is DeXe Network?

DeXe Network, or DeXe, offers a decentralized social trading platform, operating through the DeXe decentralized autonomous organization (DAO). As a decentralized protocol running on Ethereum, the largest smart contract-enabled blockchain, DeXe aims to offer a “one-stop-shop for DeFi trading”. The platform provides a wide variety of trading tools. This includes automatic rebalancing, listing tools, and education surrounding learning and implementing decentralized social trading. 

Blog DeXe Network Logo

Further to being a decentralized cryptocurrency asset portfolio environment, DeXe facilitates seamless wallet-to-wallet copying of others’ trading strategies. DeXe achieves this without exposing private keys or any crypto wallet information. As a leading decentralized social trading platform, DeXe connects successful traders with followers transparently and reliably, benefiting both parties. The distribution of rewards and key incentive for the DeXe crypto ecosystem is the native DEXE token. We shall cover the benefits and use cases for the DEXE token further in the article. 

DeXe DAO

Until blockchain technology, most organizations were solely centralized. While there are some benefits to centralization, the drawbacks include a single-point-of-failure, restrictions, censorship, and unfair decision-making. A decentralized autonomous organization (DAO) operates in entirely the opposite way. DAOs operating through blockchain technology cater for a global contribution of members, are borderless, and permissionless. Moreover, as a decentralized organization, there is no single-point-of-failure, and voting is immutably transparent on the blockchain.

The DeXe decentralized autonomous organization (DAO) is responsible for the technical and marketing projects of the DeXe Network. Also, DeXe DAO members are free to come and go as they please, with no exclusive invite, exit restriction, or fee. DeXe DAO members can submit and vote on proposals to platform updates. If members dislike or are against actions taken by the DAO, they can quit the DAO with no friction. Further, it involves zero financial risks. 

Joining the DeXe DAO is fairly easy too. Although users need not hold the DEXE token to benefit from the social trading tools, to become a member of the DeXe DAO, users must “acquire DEXE” tokens and stake them. The minimum amount appears to be unavailable at the time of writing.  

How Does DeXe Decentralized Social Trading Work?

DeXe Network offers an enticing range of tools and services for both new and experienced traders. Moreover, with decentralized social trading, DeXe rewards both the traders being copied alongside the followers. 

Blog DeXe Crypto Decentralized Social Trading

Firstly, DeXe users can take advantage of wallet information tools to choose which trader to follow. Then, users will lock their assets into a smart contract linked to the “DeXe Follow” smart contract. This releases a fully collateralized synthetic token with the value corresponding with the trader. Tokens are collateralized with real assets, while the value is dependent on the trader’s skill. Under the hood, traders continue trading as per usual while managing the DeXe Follow contract. 

The DeXe platform allows users to copy multiple wallets simultaneously, enabling users to manage different trading strategies at once. Also, DeXe facilitates multiple tokens per trader so that users can copy multiple trading strategies from the same individual trader. Moreover, users are free to hodl or send the synthetic token whichever wallet address they like, with the trader copying protocol continuously active.

DeXe Crypto Ecosystem

The DeXe crypto ecosystem comprises a variety of useful and easy-to-navigate decentralized finance (DeFi) trading tools. The project ensures DeXe crypto facilities are friendly towards DeFi social trading novices alongside providing cutting-edge trading technologies. Not all applications within the DeXe crypto ecosystem are live at the time of writing. However, there are several applications showing as “release soon”. Below we cover the different DeFi social trading tools that the DeXe crypto ecosystem has to offer. 

Blog DeXe Crypto Ecosystem

Limit Swaps

Coming soon, DeXe Network is bringing a more advanced form of trading to the decentralized finance (DeFi) social trading ecosystem. At present, most decentralized exchanges (DEXs) lack having limit orders. Limit orders allow traders to have further flexibility with trading strategies. Instead of executing transactions as market orders – a more reactive trading style executing trades with assets at market value, traders will soon be able to place three types of limit orders with DeXe Network. These are market limit orders and “partial execution (up to a target price) limit orders”. Also, a hybrid form of decentralized exchange (DEX) and centralized exchange (CEX) limit orders. 

Wallet Info

When first starting out with decentralized social trading, a common question is “which wallets should I follow?”. DeXe Network itself offers no suggestions or recommendations for wallet addresses. Instead, it encourages users to “do your own research (DYOR)” with the help of the Wallet Info application. With nothing else like it in the DeXe crypto ecosystem or entire social trading market, Wallet Info allows users to analyze a wallet’s profitability. As a completely free-to-use tool, users can search a wallet address’ profitability on specific assets. Also, users can see the historical profitability and success of a wallet address too. Wallet Info is aiding the development of decentralized finance (DeFi) social trading, benefiting traders and followers alike.

Wallet-to-Wallet Copying 

Upon finding a favorable and profitable wallet address to copy, users can then access the Wallet-to-Wallet Copying (W2W Copying) tool. As another free tool available within the DeXe crypto ecosystem, users can enter ERC-20 wallet addresses and place automatic trades to execute with chosen assets. Providing both the trader’s wallet and the follower’s wallet have the same assets within the transaction, users can copy traders’ trading strategies. This means the follower is executing the same transaction when the trader places an order. 

Blog DeXe Decentralized Social Trading W2W Copying

At the time of writing, the Wallet-to-Wallet Copying (W2W Copying) tool is available with Ethereum addresses only. DeXe Network plans to expand this to a multi-chain application, currently in the process of adding Binance Smart Chain (BSC) alongside other popular blockchain networks. 

Decentralized Tournament Service

To demonstrate the community benefits of decentralized social trading, DeXe Network hosts a Decentralized Tournament Service application. Operating through the largest Ethereum decentralized exchange (DEX), Uniswap, the Decentralized Tournament Service incentivizes the community to participate in trading competitions. 

Blog DeXe Decentralized Social Trading

Starting as a promotional competition for DeXe Network, the project now operates the tournament model as a service for users. The Decentralized Tournament Service application brings together a network of partners, experienced traders, and new platform users in a friendly competitive environment. In combination with the rewards on offer, this shows firsthand the potential and prosperity for decentralized social trading.

Kattana Trading Terminal 

For crypto traders with experience wanting access to top-grade, professional trading tools, the DeXe crypto ecosystem offers the Kattana trading terminal. Kattana provides real-time trading with over 40 popular decentralized exchanges (DEXs), pro order types, and high-quality trading charts. However, this is only scratching the surface. With the Kattana technology originating from centralized finance (CeFi), the Kattana trading terminal offers the most sophisticated social trading experience with tools previously unheard of in decentralized finance (DeFi).

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Anti-Sniping Bot Service 111PG

Often, when interacting with automated market makers (AMMs), particularly during token listings or high-value trades, sniping bots can get in before users. Sniping bots are algorithmically programmed bots that quickly copy and execute orders of traders. They drive up the price just before users execute a trade. Then, they sell at the top just after traders place a transaction. For sniping bots, this can be incredibly profitable. However, it is so at the expense of projects, communities, and token holders.

In response to this, the DeXe crypto ecosystem offers an Anti-sniping Bot Service, or 111PG. The 111PG project uses proprietary code that defeats sniping bots, removing the fear of bot inconvenience from trades. Moreover, in addition to protecting projects, using the 111PG Anti-sniping Bot Service in turn rewards DeXe crypto ecosystem community members. 

Blog DeXe Network x 111PG

The Anti-sniping Bot Service, or 111PG, is successful across the Ethereum, Polygon/Matic, and Binance Smart Chain (BSC) blockchains. Offering services to an annual market of over $100 million, 111PG has an extensive backlog of projects signing up for bot protection. Further, with great demand comes a hefty price tag, with the cost of 111PG services starting from 10 ETH.

DEXE Token 

The native DEXE token is available as an Ethereum ERC-20 token or Binance Smart Chain (BSC) BEP-20 token standard. As the core utility token of the DeXe Network, the DEXE token allows holders to become DeXe DAO (decentralized autonomous organization) members and vote on certain platform parameters. Also, DEXE token holders will be able to participate in governance for the DeXe Network Investment platform (which we talk about below). Further, DEXE tokens can earn users bonus staking rewards when holding the token.

Blog DEXE Token

As DeXe is a completely decentralized application (dApp), the DEXE token allows holders to vote on the percentage and time frame for DEXE token burning initiatives. Also, with the introduction of farming facilities, DEXE token holders can vote on token burnings and rewards surrounding DeXe farming functions. Moreover, the DEXE token helps ensure the security of user funds on the platform. DeXe Network aims to ensure that all users have the ability to receive up to 100% of their starting deposit as compensation in the case of losing a trade. 

DeXe Network Investment

The DeXe Network Investment application, currently in development, will be the main product within the DeXe crypto ecosystem. Operating as the linchpin of the ecosystem, DeXe Network Investment offers a user-friendly, all-in-one platform. Users can access and navigate various decentralized finance (DeFi) products and services, including farming programs. At the time of writing, there are no confirmed dates for launch. However, according to the DeXe Network roadmap and Medium blog, the project aims to release the investment platform and farming programs by the end of 2021 and no later than the start of 2022. 

Blog DeFi Social Trading

There are two farming rewards programs to come for DEXE token holders. These are the HFR (High Farming Rewards) and FR (Farming Rewards) programs. The HFR program is specifically and exclusively for token sale participants, offering higher farming rewards, rewarding loyalty to the platform. 

On the other hand, the FR (Farming Rewards) program is accessible to any DEXE token holder who has registered to participate. There are as yet no details surrounding the percentage of rewards or annual percentage yield (APY). Both the FR and HFR farming programs offer participants a chance to earn a passive income with decentralized finance (DeFi)

Exploring DeXe Network & DEXE Token Summary 

DeXe Network, or DeXe, is at the forefront of decentralized social trading platforms. The platform offers traders various decentralized finance (DeFi) trading tools within the DeXe crypto ecosystem. The DeXe crypto ecosystem offers a range of trading tools for the less-technical-minded, to use with top pro-trading applications. This includes the Kattana trading terminal, anti-sniping bot services, and real-time trading across multiple decentralized exchanges (DEXs). Also, the Wallet-to-Wallet Copying (W2W Copying) tool allows DeFi social trading novices to take advantage of expert traders’ strategies. This works largely in cooperation with the Wallet Info tool, allowing users to analyze the profitability of specific wallet addresses.

Blog DeXe Network Mission

Operating as a completely decentralized application (dApp) on Ethereum, DeXe Network maintains governance and sustainability through its native DEXE token. Moreover, the DEXE token is the only way to become a DeXe DAO (decentralized autonomous organization) member. This is through staking and showing commitment to the platform. Further, if members decide to leave, they can exit the DeXe DAO with no financial risk. 

DeXe Network is seeing continuous adoption of the platform and shows plenty of plans for future development. This includes multi-chain applications, yield farming facilities, and the core DeXe Network Investment application. The project shows great potential, offering decentralized social trading solutions and more.  

If you’d like to learn more about how trading charts work, candlesticks, and investment strategies, see our Technical Analysis 101 course. This course is perfect for learning how to execute probabilistic trades. Also, our Algorithmic Trading & Technical Analysis course shows students how to automate and backtest strategies using customized automated trading bots. Discover this and so much more at Ivan on Tech Academy! Also, don’t forget to follow us on Twitter @Academy_IOT! We’d love to hear your thoughts about the DeXe Network and DEXE token! 

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