DEXE DeXe Protocol

Overview of DeXe Protocol

The DeXe Protocol is an infrastructure of 50+ smart contracts designed for creating and governing decentralized autonomous organizations (DAOs) in a meritocratic way. It aims to revolutionize DAO infrastructure and governance by providing a toolkit for building and updating DAO blueprints.

Key Features

• DAO Creation and Management: The DeXe Protocol allows users to create, manage, and govern DAOs efficiently. It provides a user-friendly app and powerful smart contracts to automate complex interactions and customize governance.
• Governance Token: The $DEXE token is used for governance and utility within the DeXe Protocol DAO. It enables holders to propose, vote, and execute governance actions, ensuring a meritocratic and inclusive decision-making culture.
• Security Measures: The protocol includes extensive security testing and auditing by multiple expert firms, a bug bounty campaign, and real-time on-chain protection from SphereX to safeguard against malicious transactions and governance attacks.
• Social Trading Platform: Initially, DeXe was known for its decentralized social trading platform, which allows users to follow the trades of experienced traders in real-time, promoting transparency and cooperation in cryptocurrency trading.

Use Cases

• DAO Infrastructure: The primary use case of the DeXe Protocol is to provide a robust infrastructure for creating and managing DAOs, ensuring efficient governance and decision-making processes.
• Social Trading: The DeXe platform also facilitates social trading by connecting experienced traders with followers, enabling retail investors to replicate successful trading strategies securely and transparently.
• Token Management: The $DEXE token plays a crucial role in the treasury, enhancing community engagement and participation through its utilities and redistribution mechanisms.

Advantages of DeXe Protocol

• Decentralized Social Trading: DeXe Protocol offers a fully decentralized social trading platform that allows users to copy multiple trading strategies from successful traders without exposing private keys or wallet information.
• Multiple Tokens per Trader: Users can manage different trading strategies at once by copying multiple tokens per trader.
• Seamless Wallet-to-Wallet Copying: DeXe facilitates the copying of trading strategies directly from one wallet to another, enhancing transparency and reliability.
• Anti-sniping Bot Service: The 111PG project protects trades from sniping bots, ensuring smooth trading experiences.
• Decentralized Finance (DeFi) Trading Tools: DeXe provides state-of-the-art trading resources for professional and novice traders alike.

Disadvantages of DeXe Protocol

• Complexity: DeXe Protocol, like other decentralized platforms, can be challenging to use for those less familiar with blockchain technology and social trading.
• Limited Liquidity: As a decentralized platform, DeXe may face liquidity challenges, making it difficult to find buyers or sellers for certain assets.
• Limited User Experience: The platform requires users to familiarize themselves with smart contracts and wallet management, which can be less user-friendly compared to centralized exchanges.
• Dependence on Blockchain Infrastructure: DeXe Protocol's performance is bound by the limits of the underlying blockchain networks it operates on, which can affect transaction speeds and scalability.

Founders of DeXe Protocol

• Dmytro Kotliarov: Core Contributor at DeXe Network.
• Yuriy Hotoviy: Co-Founder of DeXe Network and CEO of Billtrade.

Investors in DeXe Protocol

The DeXe Protocol has received investments from various entities, including:

• KuCoin: With a total raise of $3M.
• funghibull: Contributing $60k.
• Anton Bukov: Investing $28k.
• cryptomaestro.stark (zk, stark): With an investment of $50k.
• DeBank: Investing $239k.

Halal Status of Cryptocurrencies

DeXe Protocol

• Halal Status: No
• Reason: DeXe Protocol is considered Haram due to its involvement in activities that do not comply with Islamic law, such as margin trading and lending practices that resemble interest-based transactions.