Altcoin Spotlight: What is DeXe?
Cryptocurrency and blockchain are becoming a huge industry, with new altcoins launched nearly every day. But not all of the tokens that reach the launch stage are winners, which is why we created our altcoin spotlight to keep you informed about various cryptocurrency projects that reach the top charts.
This week, DeXe reached position #54 on CoinMarketCap.com. But should you invest in this blockchain project? Keep reading to find out.
What is DeXe?
DeXe is a blockchain platform that can be used to help users create their own DAO trading platform. Basically, it creates a base selection of governance protocols that developers can use to create their own cryptocurrency platforms. Think of it like a software suite for a device, but instead more of a roadmap for creating a memecoin.
DeXe is specifically designed to help those who want to operate in the DeFi sector, providing guidance for creating governance tokens, DAO-inspired consensus protocols, and more. Those who use DeXe can utilize a variety of smart contract types to boost their own cryptocurrency platform and visibility.
How Does DeXe Work?
DeXe is built on the Ethereum blockchain and on smart contracts, allowing users to pay a small fee in the native token for use of the available suite of products. All of the smart contracts available for use are frequently audited and updated to ensure they are secure.
DeXe is a DAO itself, allowing users of the platform to vote on upcoming changes or enhancements based on the number of DEXE held. Individuals who choose to create a new smart contract for addition to the DeXe suite can put their creation up to a vote. If enough users of the platform approve, the smart contract is adopted for use by other users and the creator is paid in DEXE for their work.
DeXe is 100% decentralized, run on a blockchain version of the Hammurabi Code. All decisions are made following a democratic process, which is really cool. Unlike other platforms, holders of DeXe tokens aren’t given more votes when they hold more tokens. Rather, the votes are split evenly between all eligible users, ensuring that centralization doesn’t happen inadvertently.
All platform-based wallets are non-custodial, and users of the platform encourage other users to utilize only non-custodial wallets off the platform. In the future, the team behind DeXe plans to integrate AI into the platform for increased functionality.
Who Created DeXe?
DeXe was created by Dmytro Kotliatrov and Yuriy Hotoviy in 2019 and is currently headquartered in the Cayman Islands. The DeXe Association, which is a nonprofit that supports the platform, is based in Switzerland.
It is unclear how much DEXE each of the creators retain, if any.
What is DEXE?
DEXE is the native token of the DeXe platform. It is a governance token that allows holders to vote on the future of DeXe as well as the approval of a variety of projects proposed on the platform.
Should You Buy DeXe?
DeXe is one of the more unique projects we have featured on our altcoin spotlight, and there is definitely a use for it in the cryptocurrency world. That being said, like all of the other projects we feature, we exercise caution when investing in DeXe.
Like most low-ranking cryptocurrency projects (below 50 on CoinMarketCap), there is no guarantee that DeXe will take off, and even if it does, we can’t guarantee it will continue to be a good investment. We don’t have a crystal ball, and we don’t know for sure whether or not DeXe is filling a need in the cryptocurrency world or if it is just a project that has initial hype that will drop off later.
Comparatively, the creators of DeXe are more transparent than with other projects we review. You can find both of them on social media, and it seems like they are very open about the inner workings of the platform. But remember, just because there are great people behind a specific cryptocurrency project doesn’t mean it will be a success.
Another concern of ours is the fact that the platform was launched in 2019, and it has taken this long for any progress to be made. While this could mean that they are just taking time to do everything right, it could also mean that there isn’t enough demand to sustain this type of platform long-term.
In summary, if you plan to use the DeXe project yourself to create your own DAO, then an investment probably isn’t a bad idea. We cannot guarantee, though, that you will ever recoup your investment, so ensure you only invest money that you are prepared to lose.
*This profile was created in April 2025, and future views on the platform could change based on future developments.
Where Can You Buy DeXe?
If you plan to use the DeXe blockchain, you will need to have some of the native cryptocurrency on hand. You can purchase it on the following blockchains:
· Coinbase
· Binance
· KuCoin
· Bit2Me
· MEXC
· Global
· Gate.io
This is not an exhaustive list and you may be able to find DEXE on other exchanges not listed here.
Where to Store DEXE?
As mentioned on the DeXe app, the native token DEXE is best stored in a non-custodial wallet. This ensures that you will always retain full control of your cryptocurrency, just make sure you leave the seed phrase for your account stored in a safe place.
Here are some of the non-custodial wallets we recommend:
· Ledger
· Trezor
· Exodus
· Trust
There are other non-custodial wallets available, of course; these are just some of our favorites.
Overall, DeXe certainly isn’t the worst project we have featured on our altcoin spotlight, but we aren’t rushing out to invest either. We think a tool like DeXe could be amazing if you are preparing to launch your own DAO, but if you are just looking for an investment-grade cryptocurrency, we recommend checking out something more like Bitcoin.
