What is DEXTools?

DEXTools is an application and ecosystem designed for traders, aiming to provide insights into decentralized markets. It integrates blockchain data into a unified user interface, striving to enable users to gain a clear understanding of their trading activities and the current state of the crypto market. DEXT, the native utility token of DEXTools, is used to access features of the app, either through holding or monthly subscription. It also allows access to premium trading groups and community initiatives like DEXT Force Ventures.

How does DEXTools work?

DEXTools operates by offering a suite of tools that aim to enhance the trading experience on decentralized markets. The Pool Explorer tool aims to allow users to monitor liquidity movements and the formation of new pools on decentralized exchanges. The Pair Explorer tool strives to provide the ability to check the charts and transactions of a token, in addition to assessing the trust and metrics of a project. Wallet Info seeks to enable users to track and follow their favorite trader’s wallets, while the Big Swap Explorer tool intends to allow tracking of large transactions. Lastly, Multiswap aims to open up multiple decentralized exchange portals to expedite trading response time.

What are the potential use cases for DEXTools?

DEXTools aims to serve as a platform for traders in the decentralized market. It provides a range of tools that aim to help users track liquidity movements, monitor large transactions, and follow their favorite trader’s wallets. Additionally, it offers the ability to check the charts and transactions of a token, as well as the trust and metrics of a project. DEXT, the native utility token, can be used to access features of the app, join trading groups, and participate in community initiatives.

What is the history of DEXTools?

DEXTools was launched in June 2020 by founders Frederic and Javier, experienced traders and developers who initiated the project with their own funding. They were later joined by Pablo, the current CTO, who played a role in the project's early growth and helped lay the foundations for a platform. The DEXTools app was initially launched as a public beta with 200 million tokens created. However, 50% of the team funds were burned, leaving a total supply of 150 million DEXT. The platform has since adopted a deflationary system, burning 10% of subscription tokens used to pay for DEXT features each month. The platform's adoption by the DeFi community has made DEXT a part of DeFi trading.