WHAT IS DEXTRUST?

3 min readAug 13, 2020

DEXTrust is a Blockchain-based decentralized platform build for trading ERC-20 Tokens. It is a community-driven platform with staking functionality that enables support for the blockchain network. Blockchain users encounter delay and scalability issues while trying to cross-over from the major blockchain; Bitcoin to Ethereum, which is a hub of asset trading.

DEXTrust is an interoperable ecosystem where we intend to provide an asset with a pegged value to Bitcoin in correlation with the current Ethereum value. Thus, it is bridging gaps between assets of different blockchain networks for easy and fast interaction between chains.

The liquidity of an asset is very crucial in trading that cannot be avoided by any trader. DEXTrust Token will be a liquidity fuel for the platform to provide an ease of exchange for ethereum assets. It will ultimately offer back power to the community and the asset holders.

DEXTrust (DETS) Distribution:

Decentralized Autonomous Organization (DAO) will use the DEXTrust token as a governance token. It will enable community and asset holders to upvote proposals on actions and decisions taken, bringing a full decentralized model into DEXTrust.

DAO incorporated with DEX, with the staking feature enabled! How many DEXes out there are truly decentralized? We have aimed to give power back to the community. IDEX is a centralized body when it comes to listing and development. The same is the case with Binance DEX.

But with us, the community and asset holders decide the listing and future developments.

The true decentralization is absolute governance, administrative and listing power given to the community and users. But there is little to none reputable DEX out there, giving true absolute power to the community.

Decentralization of the exchange platform is not just holding your private keys and controlling your assets. It encompasses more i-e governing and administrating body because all aspects of exchange must be completely decentralized.