HOW DEXE DECENTRALIZED COPY TRADING CAN HELP INVESTORS CATCH UP WITH THE DECENTRALIZED CRYPTO MARKET.
ABSTRACT
In a decentralized market, technology enables investors to deal directly with each other instead of operating from within a centralized exchange. Virtual markets that use decentralized currency, or cryptocurrencies, are examples of decentralized markets.
Cryptocurrency is the buzzword in the digital world nowadays. More people every day are starting to understand the potential of the crypto ecosystem. This surge is increasing the demand in the market. And as a byproduct, trading in a crypto exchange is evolving as an in-demand skill to acquire.
Trading crypto in a decentralized exchange can undoubtedly appear overwhelming without knowledge. So before getting your hands wet in crypto trading, get some profound in-depth knowledge from platforms like DeXe Network learn and increase your chances of trading effortlessly.
DEXE NETWORK VISION
DeXe understand the need for a money management tool that is just as secure and decentralized; that’s why the primary mission of Dexe is to provide an opportunity for any user to invest in a safe and decentralized manner, fully controlling risks and finances through personal wallets. Dexe eliminates the risk of transferring funds to a third-party and the need to provide API keys, as it is the case in traditional social trading.
THE the BENEFITS OF DEXE NETWORK OF DECENTRALIZED COPY TRADING TOOL.
Dexe is developing a one-of-a-kind copy trading tool in the Defi ecosystem. Due to the huge leap and growth in the liquidity of trading products such as Uniswap, Balancer, Curve, Mooniswap, etc. there are enormous opportunities for decentralized copy trading with the best public traders of the industry.
Each user using the DeFi ecosystem can lock her/his cryptocurrency and receive Stable Coins in return, the volume of which can be increased by automatically copying
trades. Any users will be able to connect their non-exchange wallet, such as Metamask or Trust Wallet, to the Dexe website, choose the best trader, or a group of traders who successfully sell and buy crypto assets and subscribe to them. Dexe will copy the trades based on the subscription parameters set by the user itself. In the current case, the cryptocurrency stays on a wallet that is accessible only to the user.
The user will also be able to copy trades, knowing only the wallet address, or by specifying whether she/he wants to buy or sell a certain token like the owner of the
selected wallet.
HOW IT WORK:
All the successful traders who will want to share information about their trades through the Dexe platform, will need to install the Dexe plugin in their browser, log in, then connect it to the exchange on which they are trading then select their desired payment option (either a fixed payment or % of the realized profit) and start trading. After opening a trade, the Dexe plugin will ask the trader to confirm sending the transaction to the blockchain so that users could copy it.
Let’s consider as an example the traders on the BillTrade platform
ABOUTS DEXE
DexeNetwork is a decentralized social trading ecosystem that operates via autonomous smart contracts and includes tools for virtual currency allocation and automatic rebalancing. It eliminates the risks of transferring digital wallet details such as private keys and API or any virtual currency data to a third party. Most importantly, the DeXe Network connects successful traders and followers in a transparent, verifiable way for the benefit of both groups.
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