In the early days of cryptocurrency, trading was a relatively unknown activity that required an in-depth understanding of technical concepts. At that time, only a handful of people who had strong technical backgrounds and were interested in cryptocurrencies had the opportunity to engage in this market. 

The lack of accessibility to trading platforms and the absence of proper regulatory frameworks made it even more challenging for traders to navigate the market.

However, as the years went by, the market opened up, and trading in cryptocurrencies became more accessible to the masses. Today, the market is flooded with numerous trading platforms and resources that have made it much easier for people to buy, sell, and trade cryptocurrencies.

How Does DeXe Helps?

DeXe is a project that aims to bring innovative solutions to the world of cryptocurrency trading. It offers a range of solutions that cater to the needs of both experienced traders and newcomers, as well as those who have been in the industry for some time but are still struggling to master it.

One of the solutions offered by DeXe is social trading, which is a popular concept in the trading world. However, social trading has not been available in a decentralized environment until now. It was previously present on various exchanges, both in the crypto and traditional finance industries, but DeXe has brought social trading to an open and permissionless system.

The social trading feature on DeXe allows users to find an expert trader who is achieving good results with the asset of their choosing, and then copy their trading strategy. This is known as copy-trading, which is the fundamental aspect of social trading. By copying the expert trader’s every move, even if they don’t understand it, inexperienced traders can achieve the same results and earn profits by using professional strategies from day one.

Through this feature, DeXe enables users to learn from the top traders in the market and benefit from their knowledge and experience. Users can also choose from a variety of expert traders and analyze their performance history, risk profile, and other important metrics before deciding which trader to copy.

Conclusion

In summary, DeXe’s social trading feature is unique for the cryptocurrency trading industry. It provides users with access to professional trading strategies, encourages knowledge-sharing, and offers a platform for expert traders to showcase their skills and earn rewards. Other features include the “holding days” coefficient and the “farming allocation” coefficient.