What is DEXE
DeXe.Network (DEXE) is a decentralized social trading platform allowing users to automate cryptocurrency trading strategies using a method known as copy trading or mirror trading. DeXe Network uses autonomous smart contracts to bridge the gap between CeFi and Defi and connect new users with experienced traders in a transparent, secure and verifiable process. Using DeXe Network wallet-to-wallet copying, users can select from a ranked list of experienced traders whose trading patterns they wish to follow. Followers must first lock cryptocurrency to receive stablecoins, send the stablecoins to a DeXE smart contract and in return receive their chosen trader's unique synthetic token backed by the follower's contributed assets (LP). DEXE is the platform native ERC-20 utility token used for network governance by the DeXe DAO, for providing trading subscriber rewards, and for staking as insurance to hedge against trading losses. In January 2021, DEXE was listed on the Binance Innovation Zone for the trading pairs DEXE/ETH and DEXE/BUSD.