Token

2024

DexToro

Miami, United States, 5th August 2024 – Today, <a href="https://www.dextoro.com/">DexToro</a> is proud to announce a significant milestone — the transition to a full-blown blockchain protocol. 
DexToro, founded by Nick Nechanicky in June 2023, has been on a mission to democratize access to financial opportunities. The DexToro exchange is known for offering perpetual futures trading across various assets, including cryptocurrencies, forex, and stocks. 
Today, DexToro transitioned to a full-blown blockchain protocol. This transition means that anyone, regardless of location or background, can benefit from a comprehensive suite of products for permissionless derivatives trading. This transition is set to complete only a few months after their <a href="https://tokensale.dextoro.com/">seed round</a> closes. 
<h2 id="b-a-comprehensive-decentralized-derivatives-protocol-b">A Comprehensive Decentralized Derivatives Protocol</h2> 
The decentralized derivatives market has grown significantly in recent years, with an increasing number of traders seeking the benefits of decentralization, such as increased security, transparency, and accessibility. In fact, the crypto derivatives market alone is worth more than $2.95 trillion (<a href="https://www.coingecko.com/research/publications/crypto-derivatives-market?ref=blog.dextoro.com">as of March 2023</a>). 
According to the team, the platforms servicing this booming market have fallen short regarding user experience, lack of liquidity, limited asset support, and traders can suffer from slippages, high fees, and an inability to trade their favorite assets on decentralized exchanges (DEXs). 
<img fetchpriority="high" decoding="async" class="size-full wp-image-102769 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed.jpg" alt="" width="800" height="402" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-300x151.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-768x386.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
DexToro believes that everyone deserves equal access to financial opportunities. That’s why the evolution to a comprehensive decentralized derivatives protocol is crucial in addressing the limitations of existing platforms and creating a level playing field for all traders. 
<h2 id="b-dextoro-s-new-product-suite-b">DexToro’s New Product Suite</h2> 
DexToro’s groundbreaking new product suite is designed to revolutionize the decentralized derivatives trading landscape. Here’s a sneak peek at what users can expect: 
<img decoding="async" class="size-full wp-image-102770 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-1.jpg" alt="" width="800" height="467" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-1.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-1-300x175.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-1-768x448.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
<h2 id="b-on-chain-self-custodial-derivatives-exchange-b">On-Chain Self-Custodial Derivatives Exchange</h2> 
<img decoding="async" class="size-full wp-image-102771 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-2.jpg" alt="" width="800" height="418" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-2.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-2-300x157.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-2-768x401.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
At the heart of the DexToro protocol is the Exchange—a cutting-edge, on-chain, self-custodial derivatives exchange that harnesses the power of Ethereum smart contracts. Users completely control their assets for an unmatched level of security and transparency. 
<img decoding="async" class="size-full wp-image-102772 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-3.jpg" alt="" width="800" height="467" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-3.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-3-300x175.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-3-768x448.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
<a href="https://trade.dextoro.com/portfolio/">DexToro Exchange</a> has processed over $120,000,000 in trading volume and collected over $70,000 in trading fees from over 300 traders. Compared to their centralized exchange counterparties, these numbers are extremely low, with lots of room for growth as blockchain technology continues to evolve at a staggering pace. 
<h2 id="b-collateral-backed-dusd-stablecoin-coming-soon-b">Collateral-Backed dUSD Stablecoin (coming soon)</h2> 
<a href="https://docs.dextoro.com/dextoro-stablecoin/the-dusd-stablecoin">dUSD</a> is the stablecoin that redefines stability in the volatile world of cryptocurrencies. Decentralized and backed by robust collateral, dUSD is soft-pegged to the US Dollar, providing traders with a reliable base currency for their derivatives transactions. With dUSD, users can focus on their trading strategies without worrying about the price fluctuations of their base currency. 
<h2 id="b-liquidity-for-permissionless-derivatives-coming-soon-b">Liquidity for Permissionless Derivatives (coming soon)</h2> 
<img decoding="async" class="size-full wp-image-102773 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-4.jpg" alt="" width="800" height="450" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-4.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-4-300x169.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-4-768x432.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
&nbsp; 
The upcoming Liquidity product is a game-changer for permissionless derivatives trading. With support for perpetual futures, options, and parimutuel markets, traders can explore various financial opportunities across multiple EVM chains. 
DexToro’s Liquidity product will be available across multiple EVM chains, ensuring users can tap into deep liquidity pools and execute trades seamlessly on their preferred blockchain. 
DexToro Smart Wallet 
The <a href="https://docs.dextoro.com/exchange/smart-wallets">DexToro Smart Wallet</a> is an all-in-one, on-chain margin engine that gives traders the power of decentralized and self-custodial derivatives trading 
<img decoding="async" class="size-full wp-image-102774 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-5.jpg" alt="" width="800" height="800" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-5.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-5-300x300.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-5-150x150.jpg 150w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-5-768x768.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
<h2 id="b-self-hosted-crypto-wallet-b">Self-Hosted Crypto Wallet</h2> 
DexToro is taking wallet functionality to the next level with its upcoming self-hosted, non-custodial crypto wallet. This wallet will provide users with a secure and user-friendly way to manage their digital assets, all while maintaining complete control over their funds. 
<h2 id="b-enterprise-dextoro-s-power-coming-soon-b">Enterprise: DexToro’s Power (coming soon)</h2> 
DexToro can be a powerhouse for institutional clients and businesses. The upcoming <a href="https://docs.dextoro.com/enterprise/dextoro-enterprise">Enterprise</a> solutions, which include liquidity provisioning and white-label offerings, will enable companies to harness the full potential of DexToro’s cutting-edge infrastructure, liquidity, and expertise. 
<h2 id="b-the-role-of-the-dtoro-token-b">The Role of the DTORO Token</h2> 
The <a href="https://docs.dextoro.com/dtoro-token/dextoro-token">DTORO</a> token is the fuel that powers the DexToro protocol. As a utility token, it serves multiple functions within the ecosystem, including: 
<ol> 
 <li> Staking for Potential rewards Share and Trading Rewards</li> 
</ol> 
One of the primary functions of the DTORO token is to enable users to stake their tokens and potentially earn a share of the protocol’s rewards. By locking up their DTORO tokens, users can benefit from the platform’s growth. 
In addition to rewards sharing, staked DTORO tokens grant access to exclusive trading rewards, further incentivizing active participation in the ecosystem. The goal is to cultivate a strong community of token holders with a vested interest in the long-term success of DexToro. 
<ol start="2"> 
 <li> Governance Rights for Token Holders</li> 
</ol> 
DexToro is committed to building a truly decentralized platform, and the DTORO token is crucial in achieving this goal. DTORO token holders are empowered to actively participate in the protocol’s governance, shaping its future direction and development. 
<img decoding="async" class="size-full wp-image-102775 aligncenter" src="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-6.jpg" alt="" width="800" height="271" srcset="https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-6.jpg 800w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-6-300x102.jpg 300w, https://thecoinrise.com/wp-content/uploads/2024/08/unnamed-6-768x260.jpg 768w" sizes="(max-width: 800px) 100vw, 800px"> 
As the DexToro community grows, demand for the DTORO utility token will increase, making it a potentially valuable asset for long-term growth. After four years of weekly inflationary token emissions, the total supply of DTORO on the market will be 55,527,792. 
<h2 id="b-dextoro-s-protocol-transition-paves-the-way-for-on-chain-derivatives-trading-b">DexToro’s Protocol Transition Paves the Way for On-Chain Derivatives Trading</h2> 
DexToro’s transition from a Peer-to-Contract DEX to a full-blown protocol marks a significant milestone in the platform’s journey. With its advanced product suite — including the Wallet, Liquidity, and dUSD stablecoin — DexToro is now better equipped to drive the widespread adoption of decentralized on-chain derivatives trading. 
Users can join the DexToro community today and become a part of the future of decentralized finance. Whether they’re a trader, liquidity provider, or governance participant, there are opportunities to get involved and benefit from the protocol’s growth and success. 
<h2 id="b-public-sale-of-dtoro-tokens-ends-october-1-2024-b">Public Sale of DTORO Tokens Ends October 1, 2024</h2> 
DexToro’s $5m seed round has already generated significant buzz throughout the crypto world. Half of the seed round is being raised via the DTORO token, which is accessible to the public and closes on October 1st, 2024. Investors can participate by heading to <a href="http://tokensale.dextoro.com">tokensale.dextoro.com</a>. DTORO token holders will begin to receive a portion of the exchange trading fees starting in Q4 of this year, quoted from founder &amp; CEO <a href="https://www.linkedin.com/in/nicknechanicky/">Nick Nechanicky.</a> 
<a href="https://youtu.be/ADIdarXaO4g">https://youtu.be/ADIdarXaO4g</a>&nbsp; 
<h2 id="b-about-dextoro-b">About DexToro</h2> 
DexToro’s mission is to democratize access to financial opportunity. 
Users can join the discussion on <a href="https://discord.com/invite/dextoro">Discord</a> or follow them on <a href="https://x.com/DexToro_com">Twitter</a>. 
DexToro’s Seed Round Public Token Sale: <a href="http://tokensale.dextoro.com">tokensale.dextoro.com</a> 
To learn more: <a href="http://dextoro.com">DexToro.com</a> 
Media Contact 
Name: Nick Nechanicky 
Company: DexToro Trading Inc. 
Email: support@dextoro.com 
The post <a href="https://thecoinrise.com/dextoro-unveils-full-scale-blockchain-protocol-revolutionizing-decentralized-derivatives-trading/">DexToro Unveils Full-Scale Blockchain Protocol, Revolutionizing Decentralized Derivatives Trading</a> appeared first on <a href="https://thecoinrise.com">TheCoinrise.com</a>.

DexToro Unveils Full-Scale Blockchain Protocol, Revolutionizing Decentralized Derivatives Trading

Table of Contents

TheCoinrise Media

Other articles published on Aug 5, 2024

Flow Price Plummets 20% Amid $6 Million Withdrawal: What’s Next

Is Bitcoin Still the Most Commonly Exploited Cryptocurrency by Criminals?

Kamala Harris on Cryptos Engagement

Bitcoin-Friendly Xapo Bank Passported its Banking License Into the UK

‘Crypto is a damn casino for dum-dums,’ Ethereum developer says

XRP News: Ripple At Risk Of Another SEC Lawsuit, Here’s Why

Join our free newsletter for daily crypto updates!