Today we will tell you more about DeXe, a decentralized crypto platform, and its token, which has experienced 100% growth in the last 24 hours.
DeXe: A decentralized crypto platform
The DeXe Network is a decentralized social asset management and trading platform that is operated by DeXe DAO. According to its website, it is a decentralized social trading platform that allows you to copy the best strategies of traders.
Apparently the team has been working on the crypto platform since 2019. They also ensure that all the work during these years led to creating an easy-to-use product.
Therefore, it is a platform that offers the crypto community a very interesting trading tool. According to DeXe, the DeFi crypto market still lacks the tools for decentralized capital management and they are looking to fill that gap.
“DeXe’s primary mission is to enable users to make and manage decentralized investments with a series of flexible and easy-to-implement strategies”, explains a statement on Medium.
Also, as we briefly mentioned, DeXe operates according to DAO principles, that is, a decentralized autonomous organization. And, as some may know, this means that any crypto user completely controls all the transactions that go through their wallet.
Lastly, some of the platform partners like BitMart, CoinTelegraph, CBE (China Blockchain Expert) and NEM are worth mentioning.
About the DEXE token
Therefore, the DEXE token is located in ERC-20 and can be used to manage the network, rewards and staking.
According to its website, the token can currently be purchased through its own platform or through Uniswap. It was in October 2020 that DeXe completed its token sale for $ 1,896,911, according to a press release.
Since then, the token has seen quite significant growth. It is worth mentioning that, in October, the crypto was trading at roughly $ 1.5 while it currently has a valuation of $ 29.05. In fact, over the last 7 days, the crypto has grown 324.98%, according to CoinMarketCap.
Some of the events that have been able to boost the crypto token may be related to greater adoption. For example, over the weekend it was reported that DEXE landed on Binance Smart Chain (BSC).
As you can imagine, this allows DEXE to access more crypto investors to learn about its innovative tool. The platform also announced a partnership with Pancakeswap.
However, knowing the DeFi market, this type of volatility is not strange to anyone in the crypto community.
We want your opinion! Do you think the platform will become one of the biggest in DeFi? Will your crypto continue its uptrend?