Question 1

What is DEXTools (DEXT)?

Accepted Answer

DEXTools (DEXT) is a cryptocurrency token associated with the DEXTools app, a decentralized finance (DeFi) tool. The DEXT token was introduced as part of the DEXTools ecosystem, initially with a total supply of 200 million tokens. However, 50 million of these tokens, allocated to the team, were burned, effectively reducing the total supply to 150 million. DEXT operates on a deflationary model, where 10% of the subscription tokens used to pay for DEXT features are burned each month, further reducing the total supply.

Question 2

What is DEXTools (DEXT) used for?

Accepted Answer

The DEXT token is primarily used within the DEXTools platform. It serves as a utility token that users can employ to access various features and services on the DEXTools app. These include enhanced trading analytics, live data feeds, and other advanced functionalities that are essential for DeFi trading activities. The deflationary nature of the token, achieved through the monthly burning mechanism, is designed to potentially increase its value over time by reducing the total supply in circulation.

Question 3

Who created DEXTools (DEXT)?

Accepted Answer

The DEXT token, along with the DEXTools platform, was created by Frederic and Javier, who are both traders and developers. Their collaboration began after meeting in a traders’ group in 2017, culminating in the launch of DEXTools in 2020. The project was self-funded by the founders and they use the token to make money.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	DEXT-USD DEXT-USD	coinbase	AA	0.09806USD	-2.57%	204,038.60DEXT	543	0.1006USD	0.1059USD
2	DEXT-ETH DEXT_ETH	bilaxy	-	0.0₄3773ETH	-0.50%	329,726.00DEXT	502	0.0₄3792ETH	0.0₄3980ETH