DeXe Network AMA Recap

DeXe Network AMA Recap

CryptoDiffer team

Hello, everyone!😁

We are glad to meet here 

Dmytro Kotliarov (Co-Founder at DeXe)

Co-Founder at DeXe, Dmytro Kotliarov

Hello everyone!

CryptoDiffer team

Q1: Can you introduce yourself to our community ?

Co-Founder at DeXe, Dmytro Kotliarov

Thank you for inviting me here. My name is Dmitriy (Dmytro in Ukrainian) I am one of the founders of the DeXe Network platform. I’m a member of a traders team who came to crypto from stock markets in 2016. We began to apply our knowledge and experience in that market situation.

Right now, our team released 2 Social Trading products, the first is Billtrade – a centralized social trading platform that has been operating in private since 2019 with funds from several institutional investors and sure DeXe network which we’ll talk about now.

CryptoDiffer team

Q2: Can you briefly tell us what is DeXe Network in 3-5 sentences?

Co-Founder at DeXe, Dmytro Kotliarov

Dexe.network or Dexe is a decentralized social trading platform designed to copy the best traders strategies. It’s a unique product creating a one-of-a-kind copy trading tool in the DeFi environment.

As I mentioned, after a while, we came to DeXe network, our second project, it is a totally autonomous and decentralized platform. All processes there happen automatically, through smart contracts. Team has no direct influence on DeXe, it works according to the principles of DAO, it’s for the DeFi community. An innovative for DeFi and a simple tool for the user. DeXe allows you to subscribe on trades and follow their successful deals, eliminating the risks of third parties and having deposit insurance for users

CryptoDiffer team

Q3: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Co-Founder at DeXe, Dmytro Kotliarov

DeFi environment gave birth to decentralized banks and various projects in lending and borrowing, insurance, tokenization of assets, etc. However, it was still lacking tools for decentralized capital management. 

So DeXe network is meant to fill this void. And our key goal became the creation of an easy-to-use product for decentralized copying of the best traders.

Yesterday we successfully conducted a 22 days Token Sale for our community, and believe me, it was also a very interesting adventure and learning about DEXE token and its benefits within our platform. (Staking rewards) + Farming Rewards for our token holders.

We have already established a number of good strategic partnerships, which you can find in our articles on medium https://dexenetwork.medium.com/ or on our social networks.

https://t.me/Dexe_network

https://t.me/dexe_network_official_chat

As for our products – we have implemented 2 types of user’s experience…..

1. When the user can simply copy any erc20 wallet via the DeXe interface on the platform. This product already released yesterday and anyone can try to use it and give us a feedback. dexe.network

Btw:) https://youtu.be/hGzS03_EKzM our presentation of Wallet-to-Wallet copying

2. The next one is Direct trader management, when the user can check the statistics and rating, select the desired trader and through the DeXe smart contract start copying.

The user doesn’t experience difficulties in both cases. He should only have a desktop or smartphone wallet (for example, MetaMask). This is our next target for near time. But a lot of interesting events also including during this period

Also some days ago we’ve released our near milestones. For more information you can look at our medium article: https://dexenetwork.medium.com/upcoming-events-and-as-always-some-more-da7982db21

CryptoDiffer team

Awesome, a lot of updates to come out!

Thank you for great answers!

I think it is time to start community questions round!

Cryptodiffer Community

–  Interconnecting DeFi projects is easy, but Cexs are not so easy. How do you connect DeXe to the centralized exchanges? Do you have an account in each of these exchanges?

–  When doing Copy Trading with DeXe, this is done automatically by delegating my money to the trader or simply showing me the buy and sell signals?

Co-Founder at DeXe, Dmytro Kotliarov

– We have our own solution for it with the DeXe pugin. it helps to connect CEX traders with DEX.

– Everything is automatically in both cases. You can try WTW copying now and I will explain how the second case works:

When the user sends his assets to DeXe smart contract, the system mints a personalized token of this trader that is equal to the value of the invested assets by the user. In this case, the Trader trades with the user’s investments, on the other hand, the user has the trader’s token, which he can hold in his wallet, send to another address, donate, etc. The trader, after a certain period of time, increases the volume of traded funds so the user’s token value also increases. Voluntary, the user transfers this token to the DeXe smart contract and receives the asset and the profit earned by the trader in return

Cryptodiffer Community

What advantage does the DEXE token offer for the correct operation of the network? Why is it necessary? How does it order the incentives between stakers and consumers?

Co-Founder at DeXe, Dmytro Kotliarov

DEXE token is a key instrument in our ecosystem

Using the DeXe Utility token:

1.1 Programmed redemption and burning of tokens for a certain % of the traders’ compensation.

1.2 Control over DeXe treasury better. One of the DeXe functionality includes farming rewards with DeXe.network from social trading activity. That is very interesting for DEXE holders and there are 

1.3 Use of the token by the holders for casting a ballot and settling on choices regarding:

a. The timespan and adjustment of the percentage of tokens burned.

b. Effect on the number of remunerations got for farming (increase or decline the percent of accrual)

c. Voting for the date of burning tokens and ascertaining the reward for farming (details below).

1.4 Work of the system for ensuring users’ deposits by staking tokens on DEX.

What is more, DeXe gives each token holder an exceptional chance to insure their assets and, if there should be loss-making copying, receive compensation up to 100% of their initial deposit.

To receive insurance, users have to stake tokens in the measure of 1% to 10% of the total personal balance.

Cryptodiffer Community

DeXe works on DAO principals and Completely and fully Decentralized

Can I ask

Is this an Advantage and very helpful as a product for the DeFi Community?

Dexe tokens, is divided into 3 parts

What are these parts and the benefits of holding DeXe tokens?

Co-Founder at DeXe, Dmytro Kotliarov

– We have DAO memorandum where every user can see all the rules and possibilities for voting processes. https://dexe.network/Dexe-DAO-Memo.pdf

– After the release of the main product and when the user of the platform makes a profit,

the smart contract will automatically deduct 30% as a commission from the trader’s

income and buys from the market the same amount of Dexe tokens, that equivalent of

tokens is divided into 3 parts, one part that will be burned the second part will be used

as an insurance fund, the third part will be distributed to Dexe token holders.

Cryptodiffer Community

1. Is there a difference between the DeXe Farming Rewards and High Farming Rewards? Can you please elaborate more on them? 

2. What are the conditions for receiving x2 staking rewards?

Co-Founder at DeXe, Dmytro Kotliarov

I advise you to read this article. The difference is that Farming rewards are 100% profit of DeXe Platform

https://dexenetwork.medium.com/what-is-the-difference-between-dexe-farming-rewards-and-high-farming-rewards-c0c1582a7e79

Cryptodiffer Community

Subscribed traders get rewarded for allowing other users to copy their strategies? How much? additionally is the history public or verifiable before deciding which trader to follow?

Co-Founder at DeXe, Dmytro Kotliarov

Yes everything is right. And the way of following I’ve already mentioned in last questions

Cryptodiffer Community

Where I can buy $DEXE ? Do you have plans for listing on more exchanges in this quarter.

Co-Founder at DeXe, Dmytro Kotliarov

We have Uniswap and MXC now, and as I told we are just started:)

https://www.mxc.com/trade/easy#DEXE_USDT

https://app.uniswap.org/#/swap?inputCurrency=0xde4ee8057785a7e8e800db58f9784845a5c2cbd6

Cryptodiffer Community

Dexe token currently relies on the Ethereum platform! But, as we know Ethereum Blockchain currently has many scalability issues! Then, What’s the main reason behind choosing Ethereum, not other blockchains?

Co-Founder at DeXe, Dmytro Kotliarov

Yep, we have some interesting plans for scaling blockchains and we also glad to look at our community feedback even about it.

Cryptodiffer Community

What are the disadvantages of centralized social trading platforms DEXE is trying to solve? Will the DEXE platform be able to deliver comparable speed to centralized platforms?

Co-Founder at DeXe, Dmytro Kotliarov

The platform does not have the task of overtaking centralized solutions, as the concept is quite different, especially in the near future we will combine both our solutions BillTrade and DeXe, which will give us significant advantages in both markets.

Cryptodiffer Community

What is the requirements to became a copy trading leader? And what will the interest?

Co-Founder at DeXe, Dmytro Kotliarov

– Good question! We are always happy to welcome new traders and very soon will hold our first trading competition within the platform, for which we will encourage our traders. 

– The trader sets his interest himself and it starts from 20 to 70 percent of the profit of his followers. I remind you that all these actions also happen automatically by DeXe Platform

Cryptodiffer Community

DexeNetwork has 2 types of farming rewards. How are they different and how can I increase my earnings from Dexe farming?

Co-Founder at DeXe, Dmytro Kotliarov

High Farming rewards are for Token Sale participants and Regular for all DEXE holders

Cryptodiffer Community

How do you guarantee that the operators (whom we wish to copy) will act honestly? some kind of verification, white list or way of valuing through reputation?

Co-Founder at DeXe, Dmytro Kotliarov

You will see all the Traders statistic and online charts, everything is transparent. You can choose one or several traders to diversify your risks. AND – we have insurance pool for our users which you can also use in a DEXE staking method. That will help to hedge it. We are proud of this feature.

Cryptodiffer Community

We are living in the advent of YIELD FARMING and Liqiudity Mining, can you share your personal opinion on Yield Farming and also Briefly explain your Liquidity Mining Program

How can community members take part in GOVERNANCE, what are the basic requirements for me to join and partake in the  DAO

Co-Founder at DeXe, Dmytro Kotliarov

Of course, current farm decisions always lead to a bad outcome of a project. As the basis of the model is the emission of token. That is why our farming Rewards does not come from the emission of tokens, but from the profit of the platform, where the DeXe automatically buys tokens from a centralized exchange and distributes only one third part of tokens to DEXE token holders.

Cryptodiffer Community

Are you planning to integrate with other blockchains like Cosmos, Solana, Polcadot? How do you see future partnerships for DexeNetwork?

Co-Founder at DeXe, Dmytro Kotliarov

As I mentioned, yes we have such plan, however, the infrastructure of a lot now blockchains is only at the beginning of its development and cannot yet compete with Ethereum network. We are watching many blockchains and already see good prospects.

Cryptodiffer Community

Do you have a mechanism that protect buyers from getting scammed ? How do you resolve such dispute ?

Co-Founder at DeXe, Dmytro Kotliarov

Sure all our smart contracts have to be audited before main release. Also we have partnership with Hacken – well-known cyber security company which support us as well.

Cryptodiffer Community

DeXe gives each holder the opportunity to insure their assets in the event of a loss-making copy. How it works?

Co-Founder at DeXe, Dmytro Kotliarov

The user needs to Stake from 1 to 10% of his\her following balance to hedge risk up to 100% (Depending on amount at Insurance pool)

Cryptodiffer Community

What are the major advantages that the beta version of the W2W copy tool brings to users? What problems does it solve?

Co-Founder at DeXe, Dmytro Kotliarov

To my mind it is Frontrunning feature, when you can copy faster than your chosen wallet. Solves the problem of information equality, you – having public information about all addresses and token holders can follow the best without their knowing.

Co-Founder at DeXe, Dmytro Kotliarov

Thank you all, I think we should finish with the answers.

Cryptodiffer TEAM

Thank you for your time! Thank you everyone who took part. Let’s finish the AMA!

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