DexToro
DexToro is a decentralized on-chain derivatives protocol built by developers and professional traders on a mission to build open, secure, and powerful financial products. DexToro Crypto Protocol runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading.
From its Community Token Sale conducted with the House of Crypto Inner Circle Community, DexToro has successfully raised $242K (1,210,000 DTORO tokens sold).
On July 28, 2024, DexToro announced that its Public Presale (Seed Round) was officially launched, with the goal of raising $2.5M.
DexToro - WAITLIST Overview
DexToro - Review
DexToro is a decentralized blockchain protocol that provides a suite of products for permissionless on-chain derivatives trading.
- Liquidity (coming soon)
Liquidity for permissionless derivatives like perpetual futures, options, parimutuel markets, and more across EVM chains.
- Exchange
On-chain self-custodial derivatives exchange powered by Ethereum smart contracts.
- dUSD Stablecoin (coming soon)
Decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar.
- Smart Wallet
On-chain margin engine offering a comprehensive suite of tools for trading derivatives fully decentralized and self-custodial.
- $DTORO Token
Users can stake their $DTORO to earn a share of protocol revenue and contribute to governance.
- Wallet (coming soon)
The project claims that it’s the best self-hosted crypto wallet. Non-custodial online wallet dashboard and mobile application to hold crypto assets, stake tokens, and interact with the DexToro ecosystem.
- Enterprise (coming soon)
Liquidity provisioning and white-label solutions.
At its core, the entire DexToro Liquidity system is a Collateralized Debt Position (CDP) protocol. Similar to MakerDAO/Liquidity, you take your collateral (ETH/stablecoins), deposit it into a contract, and then generate a stablecoin. In DexToro's case, the system-generated stablecoin is dUSD (DexToro USD).
🤑 DexToro Token
The DexToro Exchange token ($DTORO) is the utility token for Exchange, which is used to sustain long-term protocol growth. $DTORO has three primary functions:
- Staking;
- Trading Rewards;
- Governance.
Stakers will receive a share of protocol revenue + additional trading rewards, which are inflated for traders staking the most $DTORO. This incentivizes token holders to stake + traders to purchase tokens or re-invest their trading rewards into staking in order to take advantage of the inflated trading rewards for active stakers (largest stakers receive the highest inflated allocation). These trading rewards are based on the total fees paid.
Only traders with staked $DTORO receive $DTORO tokens via the trading rewards formula based on total fees paid. The more you trade, the more $DTORO tokens you earn.
Token holders will be eligible to vote on upcoming protocol upgrades and token listings.
💸 Currently, the project is conducting its Public DexToro Presale (Seed Round) to raise $2.5M.
We have researched all useful information about DexToro so you can take a look at the advantages and disadvantages of the project:
✅ DexToro’s pros:
- Has public Security Audits;
- Has an open Bug Bounty program;
- Relatively low FDV of $10.47M;
- Average SMM performance;
- Not bad Growth Marketing;
- Above-the-average Influencer Marketing;
- The team has presented a clear roadmap.
❌ DexToro’s cons:
- Small user base (approximately 300 users);
- High Initial MarketCap / FDV rate (42.19%);
- Has no reputable backers and partners;
- Below-the-average PR performance;
- Weak Search Engine Optimization;
- Poor Marketing Infrastructure;
- The team has no profound experience in crypto.
DexToro - Team
