DexTools.io: Trading data for the new DEFI era
The popular belief that a year spent trading in the stock market equals a month spent trading in cryptocurrencies has become obsolete. Thanks to the advancement of the decentralization and to exchanges such as Uniswap or Balancer, just to name a few, the movements of a year in the stock market can occur in a matter of minutes.
The tedious and long ICOS were replaced by the somewhat faster IEOs, but the definitive step has been the possibility of launching a project in the market within minutes, without KYC procedures and on a global scale. The speed at which one can enter emergent projects is vital to maximise the potential benefits.
In this new scenario, new tools are needed to provide information in real time about what is happening in the new decentralised markets. The existing platforms do not provide a response to that need and so, as a group of enthusiasts of the world of cryptocurrency, we have created DEXTools.
DEXTools’ vision and mission
From the beginning, our objective has been to convert all the information that the APIs and the blockchain offer to a graphic environment that is intuitive and fast. It is impossible to search all the data manually, the market moves so fast that if you do that, when you make a decision, it is almost certainly too late.
DEXTools has several features that make it unique in the market:
- Real-time information with a graph that starts from the date of creation of the token, capitalization, volume, etc.
- Buy and sell history showing the wallets linked to the operations. As these wallets are publicly available, you can predict the next movement of a specific user in advance and thus, profit from this huge advantage.
- Algorithms that detect suspicious or fraudulent tokens.
- Tools that analyse the big market movements, which can help you safeguard your assets in a stablecoin in the face of potential market crashes or re-enter the market when the flow of capital increases.
All these tools, if used adequately, encompass the concept of “smart trading”: maximise the benefits as fast as possible and with the lowest investment of time. Thanks to the large amount of data that we have at our disposal in a single platform, we can gain a competitive advantage over other traders that do not have access to it. In the cryptomarket, each second counts.
The competitive advantage would be lost if the tools that offer this advantage were to be available to all. So, in order to avoid this situation, our model is based on the need to hold a large amount of DEXT tokens to have access to the platform. This way, the number of people that can have access is very limited.
In the beta phase, in which we currently find ourselves, 100K DEXT will be needed in order to gain full access to the service. So, the theoretical maximum number of users would be 860. On the 30th of July, we reached the milestone of 20k unique users — this gives an idea of the existing demand — and the number continues to grow. Holding 5K Dext will give access to our most popular feature, Uniswap pair explorer with real time data, and due to popular demand, the time delayed pair explorer will remain free during Beta phase, free version is not capable of storing favorite pairs.
With the launch of the 1.0 version, it will be possible to access the service by paying a monthly subscription, but the most exclusive features will be reserved for big token holders for gold and silver access. For instance, they will have access to autotrading bots connected to the platform and to many more special features. We will announce the amount of necessary DEXT prior to V1.0 launch
Finally, the DEXTools team wants to thank all the traders that enjoy our product as much as we do and that have helped us grow well beyond our expectations in only 2 months.
Happy trading and take care!