DeXe

What is the token?

DeXe (DEXE) serves as the governance token for its DAO within the DeXe Network. This decentralized social trading platform encourages users to mimic successful traders' strategies in the DeFi space. DEXE token holders gain the ability to influence governance, propose modifications, and vote on the network's strategic decisions, integrating them deeply into the platform's decentralized decision-making process.

Tokenomics

• Governance

• : DEXE token holders can propose and vote on governance decisions.

• Multichain

• : Available on ERC20 and BEP20 networks.

• Utility

• : Used for rewards distribution and governance within the DeXe ecosystem.

• Total Supply:

• 98,942,301 DEXE

• Token Allocation:

• 5%: Token Sale

• 20%: Staking Rewards

• 33%: Foundation

• 25%: Team

• 16%: Partnerships and ecosystems

• 5%: Marketing

• 1%: Market Liquidity

Market Data

As of today 27 July 2024, the price of DeXe is ₹876.72 INR, with a 24-hour trading volume of 3046817.17 USD. The market capitalization for DeXe is 540103423.7USD. The circulating supply is 57103225.34 DeXe, with the total supply also being 96504599.34 DeXe.

Token Pros and Cons

Pros:

• Decentralized Governance

• : Empowers token holders with decision-making capabilities.

• Social Trading Features

• : Enables users to mimic the trades of successful investors.

• Multichain Availability

• : Increases accessibility and utility across different blockchains.

• Community Engagement

• : Incentivizes active participation through rewards and governance.

• Transparency

• : Blockchain-based governance ensures transparent decision-making processes.

Cons:

• Market Volatility

• : Like all cryptocurrencies, DEXE is subject to market fluctuations.

• Regulatory Risks

• : Uncertain regulatory environment could impact operations.

• Complexity for New Users

• : The governance and social trading features may be complex for newcomers.

• Smart Contract Risks

• : Potential vulnerabilities could be exploited.

• Competition

• : Faces competition from other DeFi and social trading platforms.

Why Should You Invest in the Coin?

• Innovative Social Trading Platform

• : Unique approach to DeFi trading by enabling strategy copying.

• Governance Participation

• : Token holders can directly influence the platform's development.

• Growing DeFi Sector

• : Positioned within the expanding DeFi ecosystem, offering potential growth.

• Community-Centric

• : Rewards and governance foster a strong, engaged community.

• Potential for Appreciation

• : Governance and utility features could drive demand and token value.

USP of the coin

• Wallet-to-Wallet Copying Tool

• : A unique feature allows users to directly copy successful traders' strategies.

• Decentralized Autonomous Organization (DAO) Structure

• : Ensures a democratic governance model.

• Multichain Support

• : Enhances utility and accessibility by being available on multiple blockchains.

Problem the coin is solving

DeXe aims to solve the lack of transparency and trust in traditional and centralized trading platforms by offering a decentralized solution where users can transparently and securely copy the trading strategies of successful traders, fostering a community-driven approach to investment and trading in the DeFi space.

Founder and team background

DeXe (DEXE) is a decentralized autonomous organization (DAO) platform focused on asset management within the blockchain space. Jelle Pol, Frank van der Horst, and Ruben Waterman are co-founders of the DeXe. The project is spearheaded by a team of experienced engineers and entrepreneurs, bringing together a wealth of knowledge and expertise from various sectors to the DeXe project.

ICO Price

The DeXe (DEXE) token does not have a specified Initial Coin Offering (ICO) price because it was launched through a different mechanism known as an Initial DEX Offering (IDO). Unlike ICOs, which are conducted on centralized platforms and often subject to regulatory scrutiny, IDOs are launched on decentralized exchanges (DEXs). This method allows for immediate liquidity and trading and a more decentralized and often faster distribution process for the token.

The DeXe project opted for an IDO rather than an ICO, which aligns with its decentralized nature and focus on community governance through the DeXe DAO. This approach also reflects the evolving landscape of crypto fundraising, where projects seek methods that offer greater alignment with decentralized principles and immediate market participation.

Risks Associated in Investing in the Coin

• Market Volatility

• : High volatility in the crypto market can lead to significant losses.

• Regulatory Changes

• : An unpredictable regulatory landscape could affect the platform's legality and functionality.

• Technical Risks

• : Vulnerabilities in smart contracts could lead to loss of funds.

• Competition

• : Strong competition in the DeFi space could impact growth and adoption.

• Dependence on Community

• : The platform's success heavily relies on active community participation and governance.

Whitepaper Insights

The DeXe Protocol whitepaper outlines an advanced, open-source DAO (Decentralized Autonomous Organization) construction system that leverages a comprehensive library of over 50 smart contracts. These contracts are continuously developed and refined through community and contributor collaboration. Governed by the DeXe Protocol DAO, the Protocol aims to pioneer the development of functional, transparent, and decentralized DAOs, fostering efficient mechanisms for decentralized governance.

Key Highlights of the DeXe Protocol include:

• Comprehensive Governance Tools

• : Offers a suite of governance contracts, voting models, reward distribution mechanisms, decentralized treasury management, token delegation, and a variety of proposal templates.

• Flexibility and Customization

• : Enables the creation of DAOs with flexible settings for governance activities, integrating advanced governance logic through fungible tokens, NFTs, SBTs, or combinations thereof.

• Innovative Token Utilization

• : Facilitates the creation of audited governance utility tokens, appoints validators for secondary security measures, and supports meritocratic governance through expert delegates.

• Rich Functional Architecture

• : Supports on-chain and off-chain proposal submissions, streamlined discussion processes, and proposal execution without the need for multi-signature wallets.

• Initial Treasury Allocation (ITA)

• : Allows DAOs to exchange governance power for contributions to a treasury, fostering support for ideas while offering governance power to contributors.

• Fractal Governance Models

• : Introduces the concept of multilayer fractal governance, where DAOs can encompass sub-DAOs, enabling a dynamic governance structure.

The Protocol's smart contracts are:

• Open source.

• Granting developers and independent teams the freedom to implement and adapt parts of the Protocol to suit their needs.

• Thus making its applications virtually limitless.

The DeXe Protocol whitepaper further details the Token & Treasury aspects, highlighting the $DEXE token's role as a governance token that enables holders, private contributors, and expert sub-DAOs to participate in governing the treasury. This fosters a truly decentralized, community-driven governance model. The treasury can be utilized for rewards distribution, governance, R&D funding, public education, event organization, and more, promoting the growth and development of the DeXe Protocol.

The technical architecture of the Protocol emphasizes simplicity and automation in executing DAO functions through smart contracts. It supports governance through ERC20 and ERC721 tokens, outlining a structure for DAO creation, management, and governance that is detailed, secure, and efficient.