Equity Overview
Price & Market Data
Price: $0.224
Daily Change: +$0.0015 / 0.67%
Range: $0.219 - $0.228
Market Cap: $26,979,370
Volume: 49,790
Details
DEXTools (DEXT) is a cryptocurrency token central to the DEXTools app, a player in the DeFi sector. Initially released with 200 million tokens, the supply was cut to 150 million after 50 million team-allocated tokens were burned. DEXT operates on a deflationary system, with 10% of subscription-related tokens being burned monthly, thus continually reducing its supply. Within the DEXTools platform, DEXT serves as a utility token, granting access to enhanced trading analytics and other vital DeFi trading tools. This deflationary approach aims to potentially elevate the token's value over time. The token and platform were developed by Frederic and Javier, trader-developers who started their collaboration in 2017 and launched DEXTools in 2020 with self-funding, using the token as a means to generate revenue.