|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
DexToro Transitions to a Full-Blown Blockchain Protocol, Unveils Groundbreaking Product Suite to Revolutionize Decentralized Derivatives Trading
Jul 12, 2024 at 12:09 am
Today, DexToro is proud to announce a significant milestone — the transition to a full-blown blockchain protocol.
Miami, United States, July 11th, 2024, Chainwire
Today, DexToro is proud to announce a significant milestone — the transition to a full-blown blockchain protocol.
DexToro, founded by Nick Nechanicky in June 2023, has been on a mission to democratize access to financial opportunities. The DexToro exchange is known for offering perpetual futures trading across various assets, including cryptocurrencies, forex, and stocks.
Today, DexToro transitioned to a full-blown blockchain protocol. This transition means that anyone, regardless of location or background, can benefit from a comprehensive suite of products for permissionless derivatives trading. This transition is set to complete only a few months after their seed round closes.
A Comprehensive Decentralized Derivatives Protocol
The decentralized derivatives market has grown significantly in recent years, with an increasing number of traders seeking the benefits of decentralization, such as increased security, transparency, and accessibility. In fact, the crypto derivatives market alone is worth more than $2.95 trillion (as of March 2023).
According to the team, the platforms servicing this booming market have fallen short regarding user experience, lack of liquidity, limited asset support, and traders can suffer from slippages, high fees, and an inability to trade their favorite assets on decentralized exchanges (DEXs).
DexToro believes that everyone deserves equal access to financial opportunities. That's why the evolution to a comprehensive decentralized derivatives protocol is crucial in addressing the limitations of existing platforms and creating a level playing field for all traders.
DexToro's New Product Suite
DexToro's groundbreaking new product suite is designed to revolutionize the decentralized derivatives trading landscape. Here's a sneak peek at what users can expect:
On-Chain Self-Custodial Derivatives Exchange
At the heart of the DexToro protocol is the Exchange—a cutting-edge, on-chain, self-custodial derivatives exchange that harnesses the power of Ethereum smart contracts. Users completely control their assets for an unmatched level of security and transparency.
Collateral-Backed dUSD Stablecoin (coming soon)
dUSD is the stablecoin that redefines stability in the volatile world of cryptocurrencies. Decentralized and backed by robust collateral, dUSD is soft-pegged to the US Dollar, providing traders with a reliable base currency for their derivatives transactions. With dUSD, users can focus on their trading strategies without worrying about the price fluctuations of their base currency.
Liquidity for Permissionless Derivatives (coming soon)
The upcoming Liquidity product is a game-changer for permissionless derivatives trading. With support for perpetual futures, options, and parimutuel markets, traders can explore various financial opportunities across multiple EVM chains.
DexToro's Liquidity product will be available across multiple EVM chains, ensuring users can tap into deep liquidity pools and execute trades seamlessly on their preferred blockchain.
DexToro Smart Wallet
The DexToro Smart Wallet is an all-in-one, on-chain margin engine that gives traders the power of decentralized and self-custodial derivatives trading.
With a comprehensive suite of tools, the Smart Wallet enables users to manage their positions, collateral, and risk exposure. Whether they're a seasoned trader or just starting out, the Smart Wallet can be a user's key to unlocking the full potential of derivatives trading.
Self-Hosted Crypto Wallet
DexToro is taking wallet functionality to the next level with its upcoming self-hosted, non-custodial crypto wallet. This wallet will provide users with a secure and user-friendly way to manage their digital assets, all while maintaining complete control over their funds.
With an intuitive online dashboard and a feature-rich mobile application, interacting with the DexToro ecosystem can be easier and more accessible. Stay tuned for the wallet's official release, and join us on our journey to decentralize the financial world.
Enterprise: DexToro's Power (coming soon)
DexToro can be a powerhouse for institutional clients and businesses. The upcoming Enterprise solutions, which include liquidity provisioning and white-label offerings, will enable companies to harness the full potential of DexToro's cutting-edge infrastructure and expertise.
Whether a user is looking to create a customized derivatives trading platform or integrate DexToro's liquidity into their existing services, the Enterprise solutions aim to provide the tools and support their need to succeed in the rapidly evolving world of decentralized finance.
The Role of the DTORO Token
The DTORO token is the fuel that powers the DexToro protocol. As a utility token, it serves multiple functions within the ecosystem, including:
1. Staking for Potential Revenue Share and Trading Rewards
One of the primary functions of the DTORO token is to enable users to stake their tokens and potentially earn a share of the protocol's revenue. By locking up their DTORO tokens, users can benefit from the platform's growth.
In addition to revenue sharing, staked DTORO tokens grant access to exclusive
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- NEIRO and DOGE: Which Digital Currency Will Skyrocket in the 2024 Bull Run?
- Sep 22, 2024 at 06:25 am
- NEIRO has taken the market by storm, skyrocketing with a staggering 2300% rise in just a week. Such unprecedented gains have turned heads
-
- MoonBag Presale: Double Your Coins, Stabilize the Market, and Accelerate Your Profits
- Sep 22, 2024 at 06:25 am
- Cryptocurrency investors are constantly on the lookout for opportunities that offer maximum returns with minimal risk. In that context, MoonBag has set the stage for an exciting presale that comes with a range of attractive benefits.
-
- Qubetics Presale – Secure Your Spot in the Scalable and Secure Blockchain Innovation – Launching September 27th
- Sep 22, 2024 at 06:25 am
- In the crypto world, investors are all too familiar with the challenges that hold back the potential of their digital assets. Issues like slow transaction speeds, lack of interoperability between different blockchain networks, and cyber security threats can create significant barriers to success.
-
- MAGA Crypto Plunges ~90% from Its ATH of $17.52 in Just 4 Months
- Sep 22, 2024 at 06:25 am
- With the rising uncertainty in the U.S. election, the Political Memes (PolitiFi) tokens have lost momentum. Moreover, the MAGA crypto has plunged ~90%
-
- Bitgert (BRISE): A Potential Competitor to Ethereum and Solana in 2024?
- Sep 22, 2024 at 06:25 am
- As the cryptocurrency market continues to grow heavily, high-performing layer-1 projects are always in demand. Bitgert is one such altcoin that is making headlines lately.
-
- Massive eesee Airdrop: Claim Yours Before It’s Too Late!
- Sep 22, 2024 at 06:25 am
- Obtaining your blockchain eesee tokens is easy! Just go through these simple steps and instantly use your tokens right away.
-
- Don’t Sleep on This: Claim $RPL Now!
- Sep 22, 2024 at 06:25 am
- RocketPool Airdrop Alert: 40 Millions Tokens Free
-
- Millionaire Makers: Discover the Best Cryptos Under $1 for Long-Term Growth!
- Sep 22, 2024 at 06:25 am
- For those looking to delve into the cryptocurrency market without significant initial investment, several promising options under $1 offer potential
-
- Top 5 Crypto Presales to Consider in September 2024
- Sep 22, 2024 at 06:25 am
- As Bitcoin reaches new record highs, there's another exciting area in the crypto world that's drawing a lot of attention: Crypto Presales and Initial Coin Offerings (ICOs).