How DeXe Network is Raising the Bar for DeFi Copy Trading
Everyone is familiar with the TikTok videos, Reddit postings, Tweets, and other social media posts that highlight a trader's profitable positions. These blogs frequently include a "follow my lead" call to action or, at the very least, some variation of the phrase "let's get rich together" These traders may even specifically identify the millionaires and billionaires whose positions they are imitating. They're all involved in some way in the fast growing market of copy trading, also known as social trading, even though the bulk of them are looking to increase their following or develop some kind of side business teaching trading courses.
What is Copy Trading?
Copy trading has existed for quite some time. Nevertheless, this industry has recently seen an explosion in activity due to the advent of social media and eTrading platforms, particularly those in the world of cryptocurrencies. For the majority of novice investors, the idea is quite straightforward and makes sense.
In a word, this style of trading is based on the proverb "monkey see, monkey do." You put your trust in traders you follow and, whether manually or using an automated trading platform, you take the same positions they do. It's an evident outcome of the financial markets' rising transparency and the dramatic rise in retail trading. Copy trade also naturally fits into the DeFi and cryptocurrency worlds quite well.
Social vs. Copy Trading.?
Some members of the DeFi community make an effort to differentiate between social trading and copy trading. The former is frequently cited as a more general word that includes anyone who receives trading ideas from someone else via social platforms. The latter is more frequently used for explicit cloning of a position(s) held by an individual based on prior performance. When discussing platforms that genuinely provide this kind of information or these particular investing services, it is helpful to make this distinction.
You can read the Wall Street Journal or watch Mad Money if all you seek is inspiration for possible portfolio expansion. These sources mostly merely offer broad advice and the occasional hilarious meme, while they can occasionally offer peeks into the real investment strategy of particular individuals. But if you really want to take successful traders' positions as your own, you'll probably need to join a platform or community that offers automatic trading and complete transparency of the positions you're interested in. Standard trading is fundamentally a bet on the investment, whereas copy trading is a wager more on the investor(s).
Not Just a Copy and Paste Business: Problems with the Current Copy Trading Platforms
Copy trading surely appears to be a no-brainer at first glance. Why wouldn't I just want to emulate seasoned traders and make the same profits they do? Well, the exploitative and purposefully complex systems that are prevalent in the world of centralized finance have hindered the average trader's capacity to engage in automated copy trading up until the relatively recent rise of DeFi.
It might be challenging to estimate the actual size of the copy trade sector, but by 2025, the modern platform industry alone is predicted to be worth $70 billion. Among them are well-known websites like eToro, ZuluTrade, and PrimeXBT, to name a few. These websites have done a passable job of offering copy trading options to the typical retail trader, but there are still some drawbacks. A lack of true transparency, murky fee structures, an excessive emphasis on derivative investments, and overly complex or challenging-to-use interfaces are just a few of the larger problems that centralized financial institutions are currently dealing with, which are parallel to the current problems in the copy trading industry.
The Dexe Network is the top DeFi social trading platform in the world.?
With a few additional exciting features to foster community, growth, and acceptance, Dexe Network is a DeFi copy/social trading platform created to answer all of the market's issues. Dexe Network's main selling advantages include its totally open fee structure, the opportunity to keep complete control over your assets, the use of smart contracts to lower the danger of abuse, and its simple, easily accessible platform design.
Total Transparency
DeXe Network uses blockchain verification, like many other platforms in the DeFi sector, to ensure complete transparency of fees and exchanges. Every highlighted trader's profits and losses (PNL) are Onchain validated, so the typical user may rely on 100% accurate and transparent performance statistics to choose which investors they'd want to copy. Read this to learn more about the Dexe Network fee structures here
Total Control?
Total control over your assets is another method DeXe use to encourage platform usage. Dexe Network allows each user to maintain total control over the assets they deposit into the vault, in contrast to many centralized ecosystems. All traders can access and withdraw their funds at any time using a specific wallet ID. There are no holding obligations or withdrawal caps.
Adaptive Design?
Finally, DeXe Network uses smart contracts (with audits) and an intuitive UI to make sure that its platform is made for traders of all skill levels while also preserving safe and open exchanges. The use of smart contracts effectively eliminates the dangers associated with many centralized platforms and greatly reduces the vulnerability to third-party exploitation. Both novice and experienced traders can feel safe and secure as they enter the very lucrative world of copy trading thanks to the user-friendly interface and simple setup.
领英推荐
Additional Exciting Features?
DeXe is offering a standard feature set that is also DeFi optimized, in addition to a few new and fun additions to their ecosystem. These include Limit Swaps, Wallet Info, Wallet to wallet copying tool, Decentralized Tournament Service, Kattana Trading Terminal, Anti-Sniping Bot Service 111PG,?
Limit Swaps
DeXe Network will soon introduce a more sophisticated kind of trading to the social trading ecosystem for decentralized finance (DeFi). The majority of decentralized exchanges (DEXs) do not currently have limit orders. Limit orders provide traders more freedom in their trading approaches. Soon, traders will be able to place three different forms of limit orders with DeXe Network in place of market orders, a more reactive trading style that executes trades with assets at market value. These are "partial execution (up to a target price) limit orders" and "market limit orders." Moreover, a mix of limit orders from centralized exchanges (CEX) and decentralized exchanges (DEX).
Wallet Info
Which wallets should I follow when I initially start out with decentralized social trading? is a popular query. There are no suggestions or recommendations for wallet addresses from DeXe Network itself. Instead, it advises customers to use the Wallet Info program to "conduct your own research (DYOR)". Wallet Info gives consumers the option to evaluate a wallet's profitability, unlike anything else available in the DeXe crypto ecosystem or the whole social trading market. Users can use a tool to check the profitability of a wallet address on particular assets for free. Users can also view a wallet address's historical profitability and success. Wallet Info is promoting the growth of social trading for decentralized finance (DeFi), which is advantageous to both traders and followers.
Wallet-to-Wallet Copying Tool
Users can then utilize the Wallet-to-Wallet Copying (W2W Copying) tool after locating a beneficial and profitable wallet address to copy. Users can enter ERC-20 wallet addresses and set up automatic trades to execute with specified assets using another free service within the DeXe crypto ecosystem. Users can mimic traders' trading methods as long as the assets in the transaction are the same in both the follower's wallet and the trader's wallet. This indicates that whenever a trader places an order, the follower is also carrying out the identical transaction.
Decentralized Tournament Service
A Decentralized Tournament Service application is hosted by DeXe Network. The Decentralized Tournament Service, which runs through the biggest Ethereum decentralized exchange (DEX), Uniswap, encourages community participation in trading competitions.?
A network of partners, seasoned traders, and new platform users are all brought together by the Decentralized Tournament Service application in a fun, competitive setting. This demonstrates the potential and success of decentralized social trading, in addition to the benefits on offer.
Kattana Trading Terminal?
The DeXe crypto ecosystem offers the Kattana trading terminal for experienced cryptocurrency traders who seek access to top-tier, professional trading tools. With more than 40 well-known decentralized exchanges (DEXs), professional order types, and excellent trading charts, Kattana offers real-time trading. This, however, merely scratches the surface. The Kattana trading terminal provides the most advanced social trading experience with tools previously unheard of in decentralized finance thanks to the Kattana technology, which originates from centralized finance (CeFi) (DeFi).
Anti-Sniping Bot Service 111PG
Sniping bots are automated programs that swiftly replicate and carry out trading orders. Just before users place a trade, they raise the price. They then sell at the highest price immediately following a trade. This can be highly profitable for sniping bots. But it does so at the expense of initiatives, groups, and token holders.?
The DeXe crypto ecosystem offers an Anti-sniping Bot Service, or 111PG, in reaction to this. The 111PG project employs unique programming to counter sniping bots, eliminating the worry that bots may cause trades to be inconvenient. Additionally, using the 111PG Anti-sniping Bot Service pays users of the DeXe crypto ecosystem community in addition to defending projects.
Follow DeXe on their