What is DeXe Network (DEXE)?
Dexe Network (DEXE) is a decentralised social trading ecosystem designed to provide a comprehensive suite of tools and platforms for DeFi trading, operated by the DeXe Decentralised Autonomous Organisation (DAO). This platform aims to be a one-stop-shop for individuals looking to engage in decentralised finance through various trading strategies and options.
Understanding DEXE Token
DEXE is the native ERC-20 utility token of the DeXe platform. It plays a crucial role in the governance of the network, allowing users to participate in decision-making processes. Users must hold a certain amount of DEXE to engage in votes concerning the development and changes within the network.
Staking DEXE Tokens
Staking DEXE tokens not only serves as a way to earn rewards but also provides users with a form of insurance. By staking up to 10% of their funds, users can hedge against potential losses. This feature adds a layer of security for traders, making the DeXe ecosystem attractive to both novice and experienced investors.
Commission Structure
Users can earn commissions from strategy subscribers based on the success of their trading strategies. The platform operates by taking 30% of the commissions earned, which is then allocated for several purposes: one third is sent to an insurance pool, another third is burned, and the remaining third is distributed among DEXE token holders. This mechanism not only incentivises successful traders but also helps to maintain the token’s value.
Copy Trading Features
The DeXe platform offers Wallet-to-Wallet Copy Trading, allowing users to copy the trades of any ETH wallet address they choose. This feature includes a flexible interface that enables subscribers to select traders based on various performance indicators. Once a trader is selected, subscribers can allocate capital that will be managed according to the trader’s strategies, thereby potentially increasing returns while reducing the time required for active trading.
Related Resources and Official Links
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