Dexo is a new-age intermediate blockchain ecosystem that uses C-DEX – a unique decentralized cryptocurrency exchange that has the potential to revolutionize how crypto traders and investors interact with decentralized exchange (DEX), to fill the gap between the centralized and decentralized cryptocurrency worlds. It is the world’s first decentralized protocol that offers the pros of a centralized exchange without holding users’ assets.
The shift from centralization to decentralization today is one of humankind’s most important revolutions and this has brought about so many advantages. Although centralized exchanges offer users great services such as reliability and convenience, it is controlled by a centralized authority, which contradicts the core principles of Blockchain Technology: control, anonymity, and transparency. On the other hand, these decentralized exchanges that offer great features lack efficiency and convenience.
These factors discourage traders from using decentralized exchanges. So, they prefer to use a centralized exchange that is free of these drawbacks. However, by doing so, they give up control over their funds.
But Dexo’s C-DEX, an innovative non-custodial decentralized exchange, raises the bar for decentralized trading by solving users’ problems. Users are in total control and they have 100% ownership of their own funds.
With C-DEX, users can effectively perform all traditional DeFi activities such as swapping, farming, mining, and staking while also benefiting from a wide range of new offerings that are currently available only through large centralized exchanges.
These services aren’t limited to decentralized trading platforms. It also intends to cater to a wide range of DeFi products using the most recent advancements in blockchain technology to provide our users with ease and convenience.
DEXO is the native BEP-20 Token that fuels the entire Dexo ecosystem and it ensures that the decentralized exchange runs smoothly. It is popular among cryptocurrency users because it grants holders governance rights over the operation of the decentralized exchange.
Dexo’s goal is to connect all isolated blockchains and create a cross-chain asset exchange network, thereby providing all necessary underlying support for the DeFi ecosystem. And allows all digital asset owners to benefit from a truly safe, free, and transparent DeFi service.
Who are the founders of Dexo (DEXO)?
Dexo is founded by Dexo Alpha, which consists of a diverse and dynamic team of blockchain network experts, technologists, entrepreneurs, and engineers from various backgrounds.
What is Dexo (DEXO) used for?
Better trading experience
The advanced order book will provide features like Limit Order, Market Order, Stop Loss etc., at a minimum fee with the convenience of regular centralized exchanges while keeping everything decentralized.
Using the Ox protocol relayer mechanism, Dexo aims to accelerate the transaction speed with complete anonymity while users completely control their assets.
Users can perform technical analysis and trade cryptos and derivatives with advanced order types such as Limit, Market, Stop-Loss, Take-Profit etc.
Buy and sell
Dexo users can buy, sell or swap multiple crypto indices with a single click. This eliminates the process of buying and selling each coin/token individually. Dexo is one of the First DEXs to offer this feature to trade on underlying assets in a single click.
DEXO holders are responsible for the governance of the Dexo Protocol, which is done by selecting valid proposals by DEXO Tokens holders.
Trading rewards are a mechanism to reward traders for using the Dexo platform. Each trader will be rewarded with Dexo tokens at every reward interval. These rewards can be claimed and used by traders for any purpose or to use them under our staking pools further.
Staking Rewards is a mechanism to reward the DEXO Token for staking their DEXO tokens for a certain period. Each holder is rewarded with additional DEXO tokens when they stake under Dexo Protocol.
Borrowing and Lending
Dexo lending & borrowing platform will provide loans to businesses or the public with no intermediaries. On the other hand, the Dexo lending protocol will enable everyone to earn interest on supplied stablecoins and cryptocurrencies.
How is Dexo (DEXO) unique?
Decentralized exchanges are known for offering security, anonymity, and transparency. However, they are still plagued by cons such as failed trades, delayed order execution, front-running, high slippage, and the absence of many other advanced features offered by centralized exchanges. That won’t be the case with Dexo Exchange.
As an innovative non-custodial decentralized exchange, C-DEX takes decentralized trading to a new level by solving users’ problems. Users can trade directly from their wallet app. Unlike centralized exchanges, users will have 100% ownership of their funds.
Dexo is focused on building world-class decentralized products that offer the convenience and reliability of existing centralized alternatives. Overall, C-DEX offers transparency, reliability, affordability, and convenience in a single platform interface like no other decentralized exchange in the market.
Dexo has developed solutions to provide users with an advanced trading experience with traditional AMM & Orderbook terminals on its platform. With Dexo’s advanced C-Dex Protocol, users can enjoy centralized exchange like fast execution of orders with zero gas fees using the off-chain order book feature and pay only for executed orders.
Many NFT marketplaces, such as OpenSea, don’t custody users’ NFTs for them, instead allowing users to transfer NFTs directly between their wallets — in this way, those marketplaces are similar to decentralized exchanges or P2P exchanges. Dexo offers a fully decentralized NFT platform that enables users to create, list and trade into NFTs. Dexo aims to offer the cheapest fees for NFTs compared to other platforms.
Dexo will offer fully decentralized, 100% transparent, and secure initial farm offering (IFO) and initial NFT offering (INO) platforms to launch projects easily. This will also give access to project owners to gain popularity and the most simple way to launch and distribute their tokens using the Dexo community.
Their comprehensive trading terminal will provide users with the convenience of regular centralized exchanges while keeping everything decentralized. This will allow users to trade perpetual contracts with leverage and minimum fees with exposure to limitless assets. Dexo index trading will offer a pre-defined portfolio of top/reputed cryptocurrencies, which will help traders easily diversify their crypto portfolio.
Dexo aims to bring the most innovative gaming experience on its decentralized platform, which will operate fully on blockchain technology. Furthermore, it will allow gamers to have a say in how the game evolves, as well as the opportunity to earn while they play, hence solving all of the intermediary’s issues with the power of blockchain and DAO.
How many Dexo (DEXO) coins are in circulation?
It has a maximum supply of 1 Billion DEXO Tokens and a circulating supply of 151,342,803 DEXO.
DEXO Token Deflationary Mechanics
Soon, as & when Dexo Ecosystem is fully developed & functional, DEXO Tokens will also be burned in the following ways:
- 100% of DEXO Tokens performance fees from IFOs
- 100% of DEXO Tokens spent on Profile Creation on Dexo NFT Marketplace
- 100% of DEXO Tokens bid during Farm Auctions
- 20% of DEXO Tokens spent on Dexo Games
- 2% of every yield harvest in the Auto DEXO Pool
- Burn Pool (PID – 138) – burned DEXO per block.
How is Dexo (DEXO) network secured?
Security, anonymity, and transparency are all advantages of decentralized exchanges. Most decentralized exchanges on the market today are excellent in these areas. However, they are still plagued by drawbacks such as failed trades, delayed order execution, front-running, high slippage, and the lack of many other advanced features that centralized exchanges provide.
Dexo Exchange is not like that. C-DEX, an innovative non-custodial decentralized exchange, takes decentralized trading to a whole new level by addressing user issues. Users can trade directly from their wallet app. Unlike centralized exchanges such as Binance or Coinbase, Dexo does not hold users’ funds: users will have complete control over their funds.
How do I buy Dexo (DEXO)?
The DEXO token can be used for a wide range of purposes, like staking and governance.
DEXO tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy DEXO through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Dexo (DEXO)?
The PTPWallet platform supports many cryptocurrencies, with DEXO soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.