DEXTools (DEXT) is a utility token for the DEXTools platform, a decentralized finance (DeFi) trading app that provides users with real-time charts, history, and token information from blockchain networks. The token is used to access premium features and participate in the ecosystem. It is deflationary and available on various exchanges.
The DEXTools (DEXT) token is the native cryptocurrency of the DEXTools ecosystem, a comprehensive platform for decentralized finance (DeFi) trading and analytics. Here's how it is used:
Accessing Premium FeaturesHolding DEXT tokens unlocks different membership tiers, each providing varying levels of access to the platform's tools and features. The standard plan requires holding 1,000 DEXT, while the premium plan requires 100,000 DEXT. These tiers offer additional features such as advanced analytics, exclusive data access, and premium trading groups like DEXT Force Ventures.
Trading and AnalyticsDEXTools provides real-time data and analytics for decentralized trading platforms. Users can monitor market trends, track large transactions, and follow their favorite traders. The platform includes tools like Pair Explorer, Pool Explorer, and Big Swap Explorer to help traders make informed decisions.
Token Swapping and AlertsUsers can swap tokens directly within the platform using the "Multiswap" feature. They can also set up customized alerts for specific tokens to receive notifications about significant market activities.
Community and GovernancePremium members holding over 100,000 DEXT can participate in DEXT Force Ventures, a small investment group for DeFi projects. They also receive additional tokens through the DEXTShare reward program, which has generated over $5 million in monthly airdrops.
Token Supply and DeflationThe total supply of DEXT is 150 million, with roughly 70% already in circulation. The platform follows a deflationary model, burning 10% of tokens used for fee-based features each month. This model is expected to appreciate the value of DEXT over time.
Trading and InvestmentDEXT is traded on several exchanges, including Uniswap, BKEX, and Poloniex. Users can buy DEXT in exchange for Wrapped Ethereum (WETH) or USDT stablecoin.
Educational ResourcesThe DEXTools Academy provides educational materials and tutorials on how to use the platform, as well as general information about cryptocurrencies and DeFi.
Overall, DEXT is a utility token that plays a key role in accessing premium features, trading, and analytics within the DEXTools ecosystem.
To store DEXTools (DEXT) tokens, you need to have a compatible cryptocurrency wallet such as MetaMask or Phantom. Once you have a wallet, you can connect it to DEXTools by clicking on the "Connect app" button and then selecting "Connect Wallet" from the menu. This allows for the connection and verification of your wallet, enabling you to access various features and subscription tiers on the platform.
To buy DEXTools (DEXT) tokens, you can follow these steps:
Choose a Centralized Exchange (CEX):
- Select a reliable and trustworthy crypto exchange that supports DEXTools (DEXT) purchases, such as Coinbase or KuCoin.
- Create an account, verify your identity, and add a payment method.
- Search for DEXTools and select it for purchase.
- Enter the amount you want to buy and confirm your purchase.
Use a Decentralized Exchange (DEX):
- Download a crypto wallet like Trust Wallet that supports the Ethereum network.
- Set up your wallet and connect it to a DEX like Uniswap or Pancakeswap.
- Select the Ethereum (ETH) as the payment and DEXTools as the coin you want to acquire.
- If DEXTools doesn't appear, find its smart contract address on Etherscan and paste it into the DEX.
Use DEXTools Academy:
- Launch the DEXTools app and access the pair explorer to find trending coins.
- Select a coin and use the app to buy it directly on Uniswap or Pancakeswap without needing an account.
Remember to check fees and ensure you are comfortable with the payment methods and security measures before making a purchase.