What Is DEXTools?
DEXTools is a DApp for decentralized finance (DeFi) that offers one of the most complete sets of trading tools possible for decentralized exchange (DEX) users. The value of the platform lies in its diversity of functions, capacity to aggregate and scale quality data in real-time, and integrations with leading crypto projects, such as Uniswap, Sushi and PancakeSwap.
With DEXTools, it’s possible to manage, analyze in detail and execute trades from a single interface. The trading tools offered by DEXTools include advanced trading analytics, price notifications, a liquidity pool explorer and a trading pair explorer with live price data and charts that highlights trending cryptocurrencies. The liquidity pool explorer enables users to track liquidity movements and the creation of new pools on DEXs. Not only that, but DEXTools also integrates Uniswap and other marketplaces, enabling users to stake and perform swaps on ERC-20 and BEP-20 tokens directly through the DApp.
DEXTools also provides invaluable on-chain metrics, including the ability to track wallets, swaps and transactions from whales and other holders. Wallet info, one of the only paid functions of DEXTools, allows users to copy trade the moves of their favorite traders. Finally, DEXTools can further help people maximize their profits through its system of bots. Both the price bot, which is highly customizable, as well as the new pairs bot, can be set up for free on Telegram, offering real-time notifications on price changes and trading pairs.
How Can I Trade Through DEXTools?
DEXTools allows users to perform atomic swaps of tokens directly through the platform. To do so, users will need to go on the “Multiswap” tab and select which pair and DEX they wish to trade on. Once that’s done, users will only need to connect their wallets to the chosen DEX (Uniswap, Sushiswap, PancakeSwap), and everything will be ready.
With just the click of a button, users can easily open price charts on any trading pair available on the platform. All of DEXTools charts are from TradingView, which is among the leading software for chart analysis. Several charting tools and features can be used as well as the ability to save and share on social media.
In order to start using the DEXTools DApp, users will only need to connect their wallets to the platform. Choose from one of the available wallets (MetaMask, WalletConnect, WalletLink, Torus, Fortmatic, Authereum or MEW), and authenticate ownership of the wallet to begin exploring DEXTools.
What Is the DEXTools Token (DEXT)?
DEXT is the native utility token of the DEXTools platform. As a multi-chain token, DEXT exists on the Ethereum network as an ERC-20 token and on the Binance Smart Chain as a BEP-20 token. By holding a certain amount of DEXT, users gain access to paid features and exclusive community projects such as DEXT Force Ventures, a small investment group for DeFi projects. Premium members also receive additional tokens, entitling them to a portion of subscription payments from other users.
The value of DEXT is expected to appreciate over time due to its deflationary supply, which is guaranteed by token burning events every month. There is a total supply of 150,000,000 tokens, with roughly 70% of the supply already in circulation. The DEXT token is currently being traded on several exchanges, such as Uniswap, BKEX and Poloniex. Users and investors can buy DEXT in exchange for Wrapped Ethereum (WETH) or USDT stablecoin.
Premium members become eligible to earn tokens through the DEXTShare reward program. By holding over 100,000 DEXT in their wallets, premium members earn a share of all subscription payments. DEXTShare has generated over $5 million in monthly airdrops for premium members.
What Is the DEXTools Academy?
The DEXTools Academy is an educational initiative to help beginners learn about crypto and help with mass adoption. In the DEXTools Academy YouTube channel, users will find information about how to use the DEXTools platform, relevant news, and educational materials on cryptocurrencies.
Who Is Behind DEXTools?
The DEXTools team combines members with extensive expertise in engineering, software development, marketing, and finance. DEXTools has a long list of industry leaders as its partners. Beyond the DEXs integrated on the platform, which include Uniswap, Sushi and PancakeSwap, DEXTools is also partnered with other renowned companies, such as 1inch, Ferrum Network, Carbon, PinPoint Capital, SYNC Network, YFDAI Finance, Unicrypt, 0x and Elrond.
What Are the Goals of DexTools?
While the roadmap for 2022 has yet to be updated for this year, the project has already grown immensely and aims to continue doing so, with a mission to “do for DeFi what cryptographic blockchains did for value and information transmission.” Relevant information about DEXTools can be found on the official website or social media channels. Although the project has no whitepaper, its manifesto represents an excellent complementary source of information.
Bottom Line
Crypto trading is all about getting the right actionable information first, in order to take the most profitable action as early as possible. Getting an edge over other traders in the crypto space is now possible by using analytics like DEXTools to your advantage. However, it is important to understand what you are looking at and why it is important. Data viewed in isolation or without the necessary frame of reference remains just that-data — so put in the legwork and learn more about both fundamentals and technicals in our Alexandria library of educational crypto content.
