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DEXTools
About DEXTools
DEXTools (DEXT) is a cryptocurrency token central to the DEXTools app, a player in the DeFi sector. Initially released with 200 million tokens, the supply was cut to 150 million after 50 million team-allocated tokens were burned. DEXT operates on a deflationary system, with 10% of subscription-related tokens being burned monthly, thus continually reducing its supply. Within the DEXTools platform, DEXT serves as a utility token, granting access to enhanced trading analytics and other vital DeFi trading tools. This deflationary approach aims to potentially elevate the token's value over time. The token and platform were developed by Frederic and Javier, trader-developers who started their collaboration in 2017 and launched DEXTools in 2020 with self-funding, using the token as a means to generate revenue.
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.
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.