What Is DEXTools (DEXT)? How to Buy And Use It

What Is DEXTools (DEXT)? How to Buy And Use It

DEXTools (DEXT) is a cryptocurrency-related platform and token that primarily focuses on providing tools and analytics for decentralized exchanges (DEXs) on the Ethereum blockchain. DEXs are peer-to-peer trading platforms that operate without a central authority and allow users to trade digital assets directly with one another. DEXTools aims to empower traders and investors by offering a set of tools and data that can assist in making more informed trading decisions on these decentralized platforms.

What Are the Features of DEXTools?

Some of the key features and services provided by DEXTools include:

Real-time Data: DEXTools offers real-time data on various Ethereum-based DEXs, including information about trading pairs, price charts, volume, liquidity, etc. This data is crucial for traders monitoring market activity and making informed decisions.

Trading Analytics: The platform provides various analytics tools and charts to help traders analyze historical price data, trading volume, and liquidity trends. This can help traders identify potential trading opportunities and patterns.

Liquidity Information: DEXTools offers liquidity data for different trading pairs on DEXs, which can help traders assess the ease of executing trades without significant price slippage.

Related article: What is Pendle (PENDLE)? How to Buy and Use It

How Many DEXT Coins Are There in Circulation?

DEXT token’s total supply was initially 200 million. With 50 million burned, the total supply was later reduced to 150 million DEXT. Additionally, the DEXT team burns 10% of the team funds each month, contributing to the deflationary nature of the system.

Who Are the Founders of DEXTools?

As experienced traders and developers, Frederic and Javier initiated the DEXTools project in 2020 with their funding. Pablo, the current CTO, joined one month after the launch, contributing to the platform’s early growth and professional development.

The collaborative effort of the founders and the team, coupled with the massive adoption by the DeFi community, has evidently played a significant role in establishing DEXTools as a central hub for decentralized finance (DeFi) trading.

Related also: What is Coin98 (C98)? How to Buy And Use It

What Makes DEXTools Unique?

DEXTools distinguishes itself through its commitment to high-quality, real-time data provided by a robust infrastructure, ensuring user reliability. The platform strongly emphasises community engagement, actively incorporating feedback into its development process. Initiatives such as DEXT Force and DEXT Force Ventures reflect the commitment to community support and collaboration.

The success of DEXTools is attributed to the dedicated efforts of a skilled team comprising six members and guidance from two advisors. With over 19 million unique users monthly, DEXTools has evolved into a prominent platform for decentralized exchange analytics and trading tools. The team’s hard work and focus on user needs have been instrumental in achieving this level of recognition in the cryptocurrency space.

Where Can I Buy DEXTools (DEXT)?

DEXT, the native token of DEXTools, is increasingly gaining visibility as it becomes accessible on a growing array of exchanges. Several exchanges like Coinbase, CoinEx, PancakeSwap and Uniswap. 

FAQ

What are the benefits of DEXTools?

DEXTools stands as an advanced decentralized application (DApp) tailored for the decentralized finance (DeFi) landscape. The platform provides a comprehensive suite of sophisticated tools to benefit each decentralized exchange significantly. Within its offerings are various advanced tools, including charting utilities, features for monitoring liquidity movements, and advanced trading analytics, among other valuable functionalities.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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