DeXe Network Products — The Disruptors
What is DeXe Network?
The DeXe network comprises an ecosystem of tools, platforms, and crypto trading and portfolio management products. It operates through autonomous smart contracts that offer tools enabling automatic virtual currency rebalancing, secure project listing, and education on leveraging decentralized social trading to improve the platform’s user experience. It eliminates the risks of transferring digital wallet details such as private keys, API, or any virtual currency data to a third party.
The roadmap indicates that DeXe’s development began on September 18, 2019. The wallet-to-wallet copying tool, smart contract audit tool, and order limit tool for decentralized exchange trades were initially created by the DeXe team in the second quarter of 2020. On September 28, 2020, the team successfully launched the token. Since then, a wide variety of various items have been actively created.
This article will provide an overview of the DeXe ecosystem and the products developed since the platform’s launch. The latter part of this article will also detail DeXe Investment, the company’s flagship product.
Dexe Products
1) W2W Follow
DeXe is a decentralized social trading platform that offers a permissionless and open system that brings together successful traders and followers in a reliable, verifiable, and transparent way. This feature is made possible via the “Wallet to Wallet Copying” tool, which allows users to copy and imitate traders’ strategies.
This tool allows users to copy every trade in the selected asset of the wallet they’re following. Users can also set their slippage percentage; anytrade with values higher than the parameters specified will not be copied. The system will automatically sell the assets when liquidity drops below a certain percentage (specified by the user). Users get notifications on telegram for every trade they copy. Here is a guide on how to correctly use the W2W follow tool to copy a trade.
2) Limit Swap
The DeFi social trading ecosystem is getting a more sophisticated trading tool from DeXe Network. Most decentralized exchanges (DEXs) do not currently have limit orders. Limit orders provide traders with more freedom in their trading approaches.
Limit Swap enables traders to execute limit-order trades in an open, decentralized manner. For traders, it offers a more complicated order type and trading style that allows them to be proactive in their trading rather than reacting to the market as a regular trading strategy would. Instead of executing transactions as market orders — Limit Swap executes trades with assets at market value.
It allows three types of limit orders: market limit orders, partial execution (up to a target price) limit orders, and a hybrid form of decentralized exchange (DEX) and centralized exchange (CEX).
3) Wallet Info
Which wallets should I follow is a common question new DeFi users ask when starting with decentralized social trading. While DeXe Network does not provide advice or recommendations for wallet addresses, it lets users conduct research using theWallet Info application.
Wallet Info is a groundbreaking feature in the entire DeFi ecosystem, and it’s free to use. Users can search a wallet address’s profitability on particular assets and its history of profitability and success/failure using this free tool. Finding the proper trader or wallet address from the massive population of DeFi is a major challenge, especially for novices. The DeFi ecosystem and the Web3 space are replete with bogus traders and scammers prowling about. By enabling users to access a wallet address’s records, Wallet Info will let users perform research before investing and so safeguard users from potential scams (DYOR).
To use the product, users only need to paste the wallet address they want to view on the Wallet Info app and wait for the app to generate the wallet’s history. It’s that easy!!! Below is an example of a wallet address’s history
4) Decentralized Tournament Service
The DeXe decentralized tournament service is a trading competition powered by Uniswap hosted to incentivize the community to participate in active trading on the platform. The tournament aimsto demonstrate the community benefits of decentralized social trading.
It originally operated as a DeXe Network advertising competition, but it has now evolved to function as a tournament for the benefit of the users. In the end, it connects a network of partners, seasoned traders, and new platform users in a friendly competitive setting with a large incentive offer.
Since everyone is welcome to participate, it allows the community to identify the good traders among them and estimate their level of proficiency. It can be rewarding and enjoyable as well. With the help of this product, top traders who have the potential to play a key role in the DeXe social trading ecosystem may be identified, which will be advantageous to both them and the people who entrust them with their money.
5) Kattana Trading Terminal
The Kattana trading platform provides seasoned and experienced crypto traders with top-notch and professional trading tools to enhance performance and return for a better trading experience. It offers real-time trading on more than 40 well-known decentralized exchanges (DEXs), pro-order types, high-quality trading charts, and the most advanced social trading platform and tools in decentralized finance (DeFi).
The DeXe ecosystem offers the Kattana trading terminal for experienced cryptocurrency traders who desire access to professional trading services and tools to delve more deeply into the market. Originating from a different team with experience in centralized finance (CeFi), the Kattana technology was first offered as a separate product outside the DeXe ecosystem. But because the Kattana and DeXe teams shared so many ideals and values, they were able to work together to build the Kattana trading terminal, the most advanced social trading platform with tools never before seen in decentralized finance (DeFi).
With Kattana, you can trade and exchange digital assets on DEXs with complex order types, charts, and analytics. They provide scalable charts and trading panels with market and limit orders suitable for both pros and beginner traders. It provides three main features for traders:
a. Analyze Market
b. Trade e-money
c. Manage Portfolio
6) Anti-Sniping Bot Service 111PG
Sniping bots are algorithmically programmed bots that swiftly copy and carry out trade orders even before humans and are mostly used in automated market makers (AMMs) to manipulate token prices, especially during token listings or high-value trades. They raise the price immediately before users make a trade. Then, right after traders place a transaction, they sell at the top, leaving the affected projects, communities, and token holders to bear the implications.
The DeXe ecosystem created the Anti-Sniping Bot Service, also known as 111PG, in reaction to the effects and harm these bots leave behind. The anti-snipping bot employs proprietary code to block or defeat sniping bots and safeguard projects and their communities, eliminating trader anxiety over bot discomfort. The Anti-sniping Bot Service, or 111PG, has been successfully deployed across the Ethereum, Polygon/Matic, and Binance Smart Chain (BSC) blockchains.
111PG has a large backlog of projects opting for bot protection and serves a market with annual revenue of over $100 million. The cost of 111PG services starts at 10 ETH because of its high demand and expense. According to their official website, this product has saved over $2.25m in funds for projects. It currently protects 9 projects with more than 100 pipelines.
Some of the amazing benefits of the anti-sniping bot include the following:
a. An a. Easy and quick integration
b. Flexibility — it is fully customizable
c. It provides 100% offline automation
d. Low gas fee consumption
7) DeXe Investment
The “Dexe Network Investment” is the primary offering of the Dexe platform. It is a single, user-friendly interface that enables users to learn which projects the internal teams use. Dexe Investment facilitates connections between traders and investors in the most open and beneficial ways possible, enabling new ways to profit from cooperation in DeFi.
Social trading is the way of future trading in DeFi. No human can keep up with all the DeFi pairs and niches. One requires a platform and tools to discover, follow and profit from successful traders. DeXe Investment offers a variety of strategies and features to protect investors from traders who might be looking to take advantage of investors or investors who are only looking to make a quick profit at the expense of the traders. DeXe Investment is, therefore, safe and secure, and extremely profitable.
To use this product, users only have to log in, select the traders they want to invest in, and then assign funds to them. Each pool has predefined assets that the trader will use to carry out trades, but additional assets (tokens) may be added by the vote of the pool participants (the investors). This gives investors a choice to invest in pools where they feel comfortable with the market and price volatility of the base tokens. Later articles will go into greater detail about this product, its workings, and the various types of funds offered.
Closing Thoughts
There has been active development of different products since the launch of DeXe Network, and they are all unique, solving different problems in the DeFi space. Please visit their website to find out more about DeXe.
