Foreword.
Glossy magazines, popular blogs and fashion websites will tell you about the glorious life of a trader: seafood breakfasts are smoothly replaced by work behind a laptop in a hammock while listening to the sounds of the rippling waves…
But in fact, more than 95% of people who have tried trading get rekt in less than a year. Another 4% follow along with a little later. So little remain, as you see...
That’s why in our both toxic and friendly crypto world, various projects are in a hurry to help traders! Dexe.Network joins them.
How to make your trading routine comfy and why does Dexe.Network has the most interesting token sale system? Let’s dive in!
Setup.
At the moment, DeFi hype has taken the market by the storm. For some people, DeFi is like a teenager’s pimples: there are a lot of them, they grow fast and will be gone soon. But others see the future in decentralization. I’ll probably stand in one line with dreamers rather than pessimists, especially that Dexe.Network stands with us.
As a DeFi project, Dexe.Network operates on the principle of DAO (decentralized autonomous organization). All actions take place through smart contracts. Blockchain creates a secure ledger of such contracts and records that capture ownership. I mean a certain protocol does everything and rules it all. There’s only a smart contract between you and a trader. All the intermediaries have left the building with Elvis.
Let’s take a look at how Dexe.Network works and explain it in the simplest possible way.
A person wants to trade with a certain trader. For example, on Coinbase or Uniswap. To do so, one needs to deposit money into a smart contract. (DeXe accepts USDT, USDC, ETH). Then choose the desired trader and a coin.
The signal goes through the Dexe plugin to the trader, who gets the coins and starts trading. BUT the user, who has added coins to the smart contract gets these contracts’ tokens. And coins, which the user has deposited, just continue hanging out on that smart contract. Cool!
Shortly speaking, the user’s funds are backed up and he or she won’t lose them.
So what are the advantages? In centralized platforms you have to lock the coins. In DeXe anyone can come to the platform, create a smart contract (open or closed) and designate the main asset, which will produce the yield. He throws money into a smart contract, then gets tokens. No delays, no statistical changes.
Other advantages? Let’s imagine a situation. You know a couple of cool profitable traders, who can boast an eligible trading history
You would be happy to work with them, but entering the market a minute later / a minute earlier may go sideways for you.
Dexe.Network will ensure synchronous transactions, and for an investor, it is nothing but a blessing. We got an improved version of TokenSets.
Of course, there are also systems like TradingChamp, but they don’t have so many connections to the cryptocurrency exchanges as Dexe.Network. There’s a photo above, remember? You can check it out again.
Culmination.
Nobody wants to get scammed. To be honest, I don’t really like it either. But paraphrasing a saying, tell me which trader you follow and I’ll tell you who you are.
As we can see, the guys have quite a striking list on the website. Trust is valued higher than YFI or Bitcoin in crypto. Will such players as Cointelegraph, Orion, BitMart fit into a dubious adventure? This question is rhetorical.
Junction.
Moving on to the most delicious stuff! Let’s talk about sales. Sales will go through 22 rounds.
1 ROUND: Will be sold 20% of all tokens, that is 1,000,000.
NEXT ROUNDS: 190,476 tokens will be sold during each round.
All tokens that will be bought between rounds 1 and 22 won’t be locked. They will be able to be sold or staked.
The staking will be as follows: 1 round 5% to the daily token hold;
2% in all the next rounds.
If each round purchases 1% of the previous amount, it will be doubled!
That is:
1 Round. We bought 10 000 tokens.
2 Round. Bought 1% of 10 000 = 100 tokens.
3 Round. Bought 1% of 10 100 = 101 tokens.
And so on.
Afterword.
These guys are still having a test period. You should visit their website to check out the info and learn a little more. Also subscribe to social networks Twitter, Facebook, Telegram.
First of all, it’s a very useful thing for trading. Secondly, what if Uniswap 2.0 will be repeated? :)
