MXC AMA Recapitulation-DeXe Network (DEXE)

Guest:  Dmitriy Kotliarov, Co-Founder at DeXe Network

Host: Molly

Introduction:

Molly：

As the topic today is about DeXe Network, I will give an overview about DeXe Network at the beginning.

Dexe.network or Dexe is an online, decentralized and autonomous cryptocurrency assets portfolio environment, which operates via autonomous smart contracts, that includes tools for virtual currency allocation, automatic rebalancing and eliminates the risks of transferring digital wallet details such as private keys and API any virtual currency data to a third party, as well as fixing the absence of decentralized interconnection between users and successful traders within the framework of DeFi.

For more information, you can refer to the following links:

Website: https://dexe.network/

Medium: https://medium.com/@dexe.network

Twitter: https://twitter.com/DexeNetwork

Telegram: https://t.me/Dexe_network

Good evening everyone, welcome to the MXC AMA today with DeXe Network.

Molly:Before we start into the project, can you give a background on yourself, and other members of the team and how did you enter into crypto?

Dmitriy:Briefly, I am one of the founders of the DeXe network platform. I'm a member of a traders team who came to crypto from stock markets in 2016. We began to apply our knowledge and experience in that market situation. Right now, our team released 2 Social Trading products, the first is Billtrade - a centralized social trading platform that has been operating in private since 2019 with funds from several institutional investors...

After a while, we came to DeXe network, our second project, it is a totally autonomous and decentralized platform. All processes there happen automatically, through smart contracts. Team has no direct influence on DeXe, it works according to the principles of DAO, it’s for the DeFi community. An innovative for DeFi and a simple tool for the user. DeXe allows you to subscribe on trades and follow their successful deals, eliminating the risks of third parties and having deposit insurance for users.

Molly:Thank you, can you tell us a bit about the DEXE token?

Dmitriy:DEXE token is a key instrument in our ecosystem

Using the DeXe Utility token:

1.1 Programmed redemption and burning of tokens for a certain % of the traders’ compensation.

1.2 Control over DeXe treasury better. One of the DeXe functionality includes farming rewards with DeXe.network from social trading activity.

1.3 Use of the token by the holders for casting a ballot and settling on choices regarding:

a. The timespan and adjustment of the percentage of tokens burned.

b. Effect on the number of remunerations got for farming (increase or decline the percent of accrual)

c. Voting for the date of burning tokens and ascertaining the reward for farming (details below).

1.4 Work of the system for insuring users’ deposits by staking tokens on DEX.

What is more, DeXe gives each token holder an exceptional chance to insure their assets and, if there should be loss-making copying, receive compensation up to 100% of their initial deposit.

To receive insurance, user has to stake tokens in the measure of 1% to 10% of the total personal balance.

Questions from community:

Molly: Q1.Why is the $DEXE token necessary for your ecosystem? What kind of a value does it bring to DeXe Network and in which different ways is it used within the project?

Dmitriy:

As I mentioned above, DEXE token is a necessary fuel for the DeXe Network ecosystem, with a lot of features and possibilities that opens the door for the token holders.

Molly:Q2. How does your staking model work? And how encourage you user to do staking in DEXE?

Dmitriy:

Staking rewards are rewards for keeping the DeXe tokens during the token sale time frame. Participants don’t even have to lock them, as standard staking requires, simply keep the tokens on their balance and get rewards for it.

In DeXe are represented staking rewards of 2 sorts, (base Staking rewards) and double (x2 Staking rewards).

Base Staking rewards are basic remuneration for users and token holders during the token sale.

For participants of rounds from 2nd to 22nd is 2%. If the round isn’t filled totally, for example, by just 25%, the reward will be expanded to 16.3% for the first round, and 6.5% for the rounds from 2nd to 22nd. What is more the token holder is receiving a discount for the next round. The measure of the discount will depend on the round results. The rest of the tokens that won’t be redeemed in a round will be burned.

In the current moment DeXe burning around 150-160k tokens per round, which means a very limited unlocked supply of the tokens.

Molly:Q3.Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of Token & attract Investors to invest?

Dmitriy:

As you can see, we have several mechanisms for this.

DeXe smart contract burns unsold tokens, it depends on the round completeness, for example on the current moment there are more than 1 100 000 burned tokens, and supply is around 1200 000 tokens.

and the second way is that after the token sale ends there will be only from 2 to 6M token circulation from the total 100M supply, which will affect good on the token’s value.

Molly:Q4.Why did DeXe.network choose DAO technology? What is the advantage get DeXe.network on choosing DAO Technology?

Dmitriy:

DAO promotes the integrity of all members of the community, elimination of power concentration, access to trusted business and ecosystem for everyone and optimization of collaboration by autonomy and contribution. Inspired by Ethereum’s vision, we have long committed to the ideals of permissionless access, security, and immutability, all indispensable components for a future where anyone in the world can access financial services without fear of discrimination or counterparty risk.

Molly:Q5.Can you list 2 killer features of the DEXE that makes it ahead of its competitors?

Dmitriy:

It is important to mention these 2 features:

1)One-Year of Confidence. Participants of 2–22 rounds of token sale may retain the refund of 80% (refund pool to be formed) to its original allocation during 2–22 rounds in exchange for DEXE tokens swapped at a time during an asset swap. This program will be available in 12 months after DeXe Token Sale finished.

2)Funds insurance. Compensation up to 100% of the deposit.

As we have already discovered, DeXe gives each token holder an exceptional chance to insure their assets and, if there should be loss-making copying, receive compensation up to 100% of their initial deposit.

Free-asking Session

Q1.How can the DeXe Network Protocol protect its users from hackers?@justatee

Dmitriy:

As DeXe platform is fully decentralized, all the processes are autonomous, there is no space for the human factor. Also all DeXe smarts contract have to be audited before publishing. 

As example, Our token sale contract was audited by Hacken, well know cybersecurity company (which is our partner)

Q2.What are the ways that #Dexe profits / revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investor and your project?@kingcrap5

Dmitriy:

After the release of the main product and when the user of the platform makes a profit, the smart contract will automatically deduct 30% as a commission from the trader’s income and buys from the market the same amount of Dexe tokens, that equivalent of tokens is divided into 3 parts, one part that will be burned the second part will be used as an insurance fund, the third part will be distributed to Dexe token holders.

Q3.Crypto projects were closed in many countries due to improper regulation and licenses. How does your project solve these problems?@kaltumia

Dmitriy:

As I said during this AMA, DeXe works on DAO principals, so, it means that DeXe is autonomous platform, team doesn't have any affect on it. DeXe is a product for the DeFi community, which involved into a majority processes of the platform.

Q4.Does DeXe have a list of the best traders to do copy trade? Do these traders have to be using the DeXe platform or can they be traders from other Exchanges?@Winterkom

Dmitriy:

Yes, We already have a bunch of traders with the good rates and long story statistic involved from our centralized solution. We are planning to set up a lot of traders competitions in the future.

Q5.Tell us about your plans for 2021, what are you currently working on, and are you going to expand the list of big exchanges?@Mujakkir

Dmitriy:

We have a detailed plan for the nearest years. In a few days we will announce our first product - Wallet-to-wallet copying, when the user can simply copy the wallet via the DeXe interface on the platform. This product is completely free for all, and we are sure community will love it .

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