In the ever-evolving world of decentralized finance (DeFi), staying ahead of the curve is crucial for traders and investors alike. Enter DEXTools, an app and ecosystem designed to seamlessly integrate blockchain data into one user-friendly interface, providing comprehensive insights into decentralized markets. With DEXTools, you can track your trading activities, monitor liquidity movements, explore new pools, and much more—all from a single platform. At the heart of this powerful tool is the DEXT token, offering access to premium features and exclusive community initiatives. Discover how DEXTools is revolutionizing DeFi trading and why it has become the go-to hub for over 15 million users each month.
What Is DEXTools (DEXT)?
DEXTools is an innovative application and ecosystem tailored for traders, offering detailed information about all decentralized markets. By assimilating blockchain data into a comprehensive user interface, DEXTools provides a clear vision of your trading activities, investments, and the current state of the crypto market. The platform's native utility token, DEXT, plays a pivotal role in unlocking the full potential of DEXTools.
Key Features of DEXTools
- Pool Explorer: Follow liquidity movements and the formation of new pools on decentralized exchanges.
- Pair Explorer: Check charts and transactions of a token, along with the trust and metrics of a project.
- Wallet Info: Track and follow your favorite trader’s wallets.
- Big Swap Explorer: Monitor whales and significant transactions.
- Multiswap: Open multiple DEX portals to speed up your trading response time.
Utility of DEXT Token
The DEXT token is essential for accessing the top-tier features of the DEXTools app. Users can either hold the token or subscribe monthly to gain access. Additionally, DEXT tokens provide entry to the premium trading group and community initiatives like DEXT Force Ventures.
How Many DEXT Coins Are There in Circulation?
DEXTools launched its app in June 2020 as a public beta, with an initial creation of 200 million tokens. However, 50% of the team funds (50 million tokens) were burned, leaving a total supply of 150 million DEXT. From all subscription tokens used to pay for DEXT features, the DEXTools team burns 10% each month, making it a deflationary system. The current circulation amount stands at 100 million DEXT.
For more detailed information, you can visit CoinMarketCap.
Who Are the Founders of DEXTools?
DEXTools was founded by Frederic and Javier, experienced traders and developers who initiated the project in 2020 with their own funding. They met in a traders group in 2017, and after years of friendship, they decided to launch DEXTools together. Pablo, the current CTO, joined one month after the launch and significantly contributed to the project's early growth, laying the foundations for a more professional platform.
The massive adoption of DEXTools by the DeFi community has made DEXT the central hub of DeFi trading as it currently exists.
What Makes DEXTools Unique?
DEXTools stands out due to the quality of data provided by its extensive infrastructure, ensuring reliability and real-time updates. The platform also emphasizes community involvement, basing part of its development on community feedback and supporting initiatives like DEXT Force and DEXT Force Ventures.
The hard work of the DEXTools team, comprising six skilled members and two advisors, has led to the platform's success, attracting over 5 million unique users in the last month.
Where Can I Buy DEXTools (DEXT)?
DEXT is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available. As of March 1, Uniswap offers the largest volume. Other options include Bilaxy, Hoo, Hotbit, and BKEX, among others.
Tokenomics and Distribution Model of DEXTools
The DEXTools (DEXT) token operates on the Ethereum network as an ERC-20 token. The total token supply is 200 million DEXT, with 85,407,046.08 DEXT currently in circulation. The tokenomics of DEXTools involves the study of economic principles and mechanisms that underlie the creation, distribution, and use of tokens in a blockchain-based system.
Token Distribution
- Circulating Supply: 71.6% (91,326,699 DEXT)
- Liberated: 8.1% (10,331,652 DEXT)
- Marketing: 6.8% (8,673,485 DEXT)
- Development: 13.5% (17,219,419 DEXT)
Mechanisms to Control Inflation
DEXTools has implemented a token burning mechanism to control inflation. The token burning is done by sending a certain amount of tokens to a public address that is not controlled by anyone, effectively removing them from circulation. This helps to control the supply of tokens and prevent inflation.
Additionally, DEXTools has a staking rewards mechanism in place. Users can stake their DEXT tokens to earn rewards, which helps to incentivize holding and reduce the circulating supply of tokens.
The Team Behind DEXTools
The team behind DEXTools includes:
- Javier Palomino: CEO & Co-Founder, with a background in computer engineering and experience as a developer and consultant in the blockchain industry.
- Frederic Fernández: Co-Founder and CMO, with experience in marketing and business development, focusing on the blockchain and cryptocurrency space.
- Pablo Ojanguren: CTO & Lead Engineer, a software engineer with expertise in blockchain technology and experience in various blockchain projects.
Notable Partners and Advisors
DEXTools has partnered with DuckDAO, a decentralized autonomous organization (DAO) focused on identifying, supporting, and promoting promising initiatives within the blockchain and cryptocurrency industry. DuckDAO operates as a digital asset incubator, offering diverse earning strategies for crypto investors and democratizing access to investment opportunities.
DEXTools has also partnered with OKX Ventures, a prominent investor in the project, known for its investments in various blockchain and cryptocurrency projects.
Conclusion
DEXTools is a revolutionary platform in the DeFi trading ecosystem, offering a comprehensive suite of tools and features that cater to both novice and experienced traders. The DEXT token plays a crucial role in unlocking premium features and fostering a dedicated community of users. With its deflationary model, robust infrastructure, and strong community focus, DEXTools is well-positioned to continue its growth and remain a central hub for DeFi trading.
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For more information, visit the DEXTools website and explore the endless possibilities that this powerful platform has to offer.
