The year 2020 has seen exponential growth in the Decentralized finance space(DeFi). This mushrooming of DeFi projects is both a boon and a bane to crypto enthusiasts. To the extent that it expands options available to the consumer, it is a boon. Alternately the proliferation of these projects makes discerning genuine investment projects from the rest a challenge. Here's where market analysis tools become essential. These provide the investor with crucial information on the market, therefore aiding in prudent decision making.
The crypto sphere is teaming with market analysis tools. Not even one tool can claim to be perfect. However, some show higher levels of utility compared to their competition. DEXTools is one those platforms. It is a trading assistant positioning itself as the industrial standard and central hub for DeFi trading. In this article, we take a look at its functions showing why it is the must-have tool for any serious investor.
DEXTools provides investors with tools, functions, and analysis that ease their navigation around the DeFi space. Its integration of Uniswap enables users to tap into these platforms' rich resources. The following is a summary of its offering:
Uniswap is a decentralized crypto exchange protocol facilitating P2P transactions of ERC-20 tokens. It's a significant player in the DeFi sector. As such, DEXTools users stand to benefit immensely from its integration. Here's how:
Through this feature, one gets to search Uniswap's liquidity pool for new offerings. Also, it helps them identify the most lucrative ventures to invest. Besides, they may choose whether or not to increase or decrease liquidity in a given pair. Further, the tool helps to flag scam projects, thus protecting investor funds.
Identifying the right token pair to trade in makes all the difference in how profitable a venture is. The Uniswap pair explorer makes it easy to identify the hot pairs. It uses real-time graphics and transaction data to compare any pair to another. This way, investors can place their favorite ones and make informed investments.
The BigSwap function provides investors with up to date information on the big swaps occurring on Uniswap. Thus they have full knowledge before investing.
Using this feature, the investor can trade in multiple pairs concurrently.
DEXTools users have access to three types of membership plans which include;
The free version offers the most basic functions. Members enjoy Uniswap tools, including:
The standard version provides the platform's standard features. Enjoyment of this level's benefits attracts a charge of 0.3 ETH in DEXT / Subscription or 20,000 DEXT / Hold. A hold is the ERC-20 tokens one needs to have in their wallets on sign up and log in. In addition to the basic features, subscribers have access to:
It offers the highest tier of membership. It will set you back 100,000 DEXT / hold to access its features. In addition to the standard features, subscribers can look forward to:
Upon V1.0's release, the team will burn 20 Million of the fees collected in the first subscriptions (50% of the first 40 Million collected fees) monthly. After that, it will continue a lifetime burning 10% of all fees received from subscriptions.
The following timelines govern the full implementation of DEXTools:
DEXT is DEXTools' utility token. Subscribers will need it to unlock the platform's benefits. The team will distribute it as follows
The DeFi sector continues to grow in exponential ways. While this is a positive development, it could pose challenges to investors. Their flooding the market makes it difficult to determine the genuine projects to invest in. At this stage, every new investor needs assistance. Luckily, there are trading assistants that they can turn to for direction. DEXtools is one such tool making a name for itself for offering cutting edge investment functions and insights. Its integration with Uniswap unlocks unique features that give the users an edge in investments. Its next to none offering makes it the go-to tool for market analysis within the DeFi sector.