What are some of the top tools that help you trade in crypto?
However, it is also true that dealing with DeFi protocols directly from your private wallet currently still comes with a lot of headaches, such as high transaction fees, security concerns (where do I keep my private key or recovery seed, etc.) and of course, actionable, real-time market data. CEXs excel at offering its users accurate historical and real-time data and order books within its platforms, allowing traders to make quick decisions in order to capitalize on market conditions.
This is more difficult though for the DEX landscape, where there is a much bigger reliance on actual verifiable on-chain data with thousands of different metrics and protocols to consider.
In this article, we’ll do a deep dive into DEXTools, the powerful app and ecosystem for DeFi traders that provides unique blockchain data in one location about the state of markets, your portfolio and more.
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What Is DEXTools?
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.
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.
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)?
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.
Is DEXTools Free to Use?
The standard plan can be acquired by holding 1,000 DEXT in your wallet, or you can pay a monthly subscription of 277 DEXT. Beyond the free features, the standard plan includes more transaction and wallet information, price alerts on Telegram and email, 12 new hot pairs and access to the DEXT Force Discord channel.
The premium plan is exclusive to those with over 100,000 DEXT in their wallet. Beyond receiving extra DEXT tokens through DEXTShare, premium users also gain 15 hot pairs with faster updates, and they get privileged access to DEXTForce Ventures and other upcoming features.
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?
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.”
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.