According to the project's white paper, Dexe.network (Dexe) is an online, decentralized and autonomous digital asset portfolio environment. The platform runs through autonomous smart contracts, providing tools for virtual asset allocation and automatic rebalancing, while eliminating the risk of leaking digital wallet details (such as private keys, APIs, or virtual asset data) to third parties. In addition, Dexe also solves the problem of lack of decentralized interconnection between users and successful traders within the DeFi framework.
In short, DeXe Network is a decentralized social trading and asset management platform operated by DeXe DAO, commonly known as a "DeFi asset management tool" or "copy tool."
In terms of copy trading services, investors are usually familiar with related services previously provided by Coin and Biqu, and some exchanges also provide similar copy trading services. However, in the DeFi field, there is no perfect copy trading platform yet, and DeXe has taken a fancy to the opportunity of asset management in the DeFi market and established a decentralized social trading ecosystem operated by DAO, where users are not affected by the founders and the team.
In DeXe, even if users do not have much trading experience, the platform can earn profits for users by imitating experienced and professional traders. This meets the needs of ordinary traders to copy other people's trading operations and asset management behaviors in a decentralized environment.
The distribution and economic model of DEXE tokens are as follows:
- Total token supply: 100,000,000 DEXE;
- Circulation: 1,595,000 DEXE;
- Team holding: 20%;
- Foundation holdings: 33%;
- Staking rewards: 10%.
DEXE token holders can enjoy the following benefits:
1. Governance: DEXE token holders have the right to vote in network governance decisions, and only users holding DEXE can participate in the DAO.
2. Rewards: Traders can earn commissions from strategy subscribers based on the success of their strategies. The DeXe smart contract takes 30% of the funds and automatically buys back tokens from the market, some of which are destroyed, some are sent to the vault, and some are distributed to DEXE holders.
3. Insurance: Users can choose to pledge up to 10% of their funds’ value in DEXE as collateral to hedge losses.
The operation process on DeXe is as follows:
1. The user transfers assets to the Dexe smart contract and selects a trader.
2. The system mints personalized tokens for users that are equal to the value of their investment assets. The value of the tokens corresponds to the assets invested by the users.
3. Traders manage user investments and conduct corresponding transactions, and users fully control the rights and interests of trader tokens.
4. Users can choose to deposit tokens into their wallets or transfer them to other addresses. As transaction funds increase, the value of the user's tokens also increases accordingly.
The user operation steps are as follows:
1. Have a non-exchange wallet (such as Metamask, Trust Wallet).
2. Connect to the Dexe interface and select the trader.
3. Access a list containing verification data for each trader by anonymously connecting to your Metamask wallet.
4. Start copying operations using the Dexe smart contract for free.
5. To withdraw funds, simply send the tokens back to the Dexe smart contract.
For traders who want to share trading information on the Dexe platform, they need to install the Dexe plug-in, log in and connect to the exchange, determine the compensation method, and then start trading. Once a transaction is confirmed, the Dexe plug-in sends the transaction to the blockchain for users to copy.
Other:
New Important Proposal: Initiate additional security activities and allocate a bounty pool for the DeXe protocol A proposal to initiate additional security activities for the DeXe protocol is now under discussion. It involves deciding between competitive audits and an ongoing bug bounty program.
