DEXE has a hundredfold potential? Integration of DeXe with the BRC20 standard.

CN
9 months ago

DEXE coin is the native token of the Dexchange exchange. It is an ERC-20 token that can be traded on the Ethereum network. The total supply of DEXE coins is 10 million, with 50% used for trading fee payment and voting governance, and 50% used for team and developer rewards. The issuance of DEXE coins adopts a deflationary mechanism, with 2% being destroyed annually to maintain the stability of the coin value.

The main use of DEXE coin is to pay for trading fees on Dexchange exchange. Users can choose to pay fees with DEXE coins when trading on Dexchange, enjoying lower fees. In addition, DEXE coins can also be used for voting governance on Dexchange. Users holding DEXE coins can participate in DeXchange's decision-making, such as voting for council members and changing processing fees.

The DeXe system is completely autonomous, eliminating third-party risks. Traders can only manage user funds and cannot withdraw funds. In addition, there are two safeguards in the mechanism design:

First, users can insure their deposits, with 1% to 10% of the deposit being staked in the form of tokens through DEXE. The platform allocates linear insurance from 10% to 100% based on the total insurance pool amount. The platform's insurance pool will increase with the increase of automatic commission, which is also linked to traders' profits.

Second, traders must deposit a portion of their funds into the platform. The DeXe platform includes a special coefficient system. For example, if a trader deposits $1,000 on the platform, they can only manage $500. In other words, the coefficient for $1000 is 0.5. The coefficient calculation method is as follows: 1000×0.5=500, 2000×1=2000, 3000×1.5=and so on.

DeFi liquidity mining, also known as liquidity mining, is a key component of the DeFi ecosystem. It involves cryptocurrency holders providing liquidity to decentralized exchanges (DEX) and lending protocols to facilitate smooth operation of trading and lending businesses. In return, liquidity providers receive liquidity provider (LP) tokens representing their share of the liquidity pool, which can be used in DeFi protocols to earn rewards.

The new proposal supplements the existing framework by providing structured rewards for governance participation and additional incentives for active participation. Rewards for liquidity mining typically appear in the form of additional token shares, interest, or platform fees. These incentives attract users to lock assets in liquidity pools, making them an important part of the DeFi infrastructure. In addition, liquidity mining is often accompanied by community governance, allowing participants (including liquidity providers) to express their opinions on protocol upgrades, fee adjustments, or new features through voting rights.

The combination of the new proposal with liquidity mining can deepen user participation in the DeFi ecosystem. By providing incentives for governance activities, the proposal encourages more active and democratic participation in the decision-making process. The combination of these incentive measures can enhance the sustainability and success of DeFi projects, promoting a more vibrant and participatory community. Furthermore, by rewarding users for their governance behavior, the proposal can incentivize token holders to retain their assets, thereby contributing to the stability and growth of the DeFi ecosystem. This synergistic relationship between liquidity mining and governance incentives can create a stronger, more dynamic DeFi environment, benefiting all participants.

Traders who want to share trading information through the Dexe platform need to install the Dexe plugin in their browser, choose to log in, connect to their preferred exchange, select the reward method (fixed fee or percentage of profit), and then start trading. After a trader opens a trade, the Dexe plugin sends the trade to the blockchain for users to replicate, upon confirmation by the trader.

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