DexToro Unveils Full-Scale Blockchain Protocol, Revolutionizing Decentralized Derivatives Trading

Transition
to
full-blown
blockchain
protocol
democratizes
decentralized
derivatives
trading
for
all

Miami,
United
States,
5th
August
2024
–

Today,
DexToroDexToro”>

DexToro

is
proud
to
announce
a
significant
milestone
—
the
transition
to
a
full-blown
blockchain
protocol.

DexToro,
founded
by
Nick
Nechanicky
in
June
2023,
has
been
on
a
mission
to
democratize
access
to
financial
opportunities.
The
DexToro
exchange
is
known
for
offering
perpetual
futures
trading
across
various
assets,
including
cryptocurrencies,
forex,
and
stocks.

Today,
DexToro
transitioned
to
a
full-blown
blockchain
protocol.
This
transition
means
that
anyone,
regardless
of
location
or
background,
can
benefit
from
a
comprehensive
suite
of
products
for
permissionless
derivatives
trading.
This
transition
is
set
to
complete
only
a
few
months
after
their
seed roundseed round”>

seed
round

closes.

A
Comprehensive
Decentralized
Derivatives
Protocol

The
decentralized
derivatives
market
has
grown
significantly
in
recent
years,
with
an
increasing
number
of
traders
seeking
the
benefits
of
decentralization,
such
as
increased
security,
transparency,
and
accessibility.
In
fact,
the
crypto
derivatives
market
alone
is
worth
more
than
$2.95
trillion
(as of March 2023as of March 2023″>as
of
March
2023).

According
to
the
team,
the
platforms
servicing
this
booming
market
have
fallen
short
regarding
user
experience,
lack
of
liquidity,
limited
asset
support,
and
traders
can
suffer
from
slippages,
high
fees,
and
an
inability
to
trade
their
favorite
assets
on
decentralized
exchanges
(DEXs).

DexToro
believes
that
everyone
deserves
equal
access
to
financial
opportunities.
That’s
why
the
evolution
to
a
comprehensive
decentralized
derivatives
protocol
is
crucial
in
addressing
the
limitations
of
existing
platforms
and
creating
a
level
playing
field
for
all
traders.

DexToro’s
New
Product
Suite

DexToro’s
groundbreaking
new
product
suite
is
designed
to
revolutionize
the
decentralized
derivatives
trading
landscape.
Here’s
a
sneak
peek
at
what
users
can
expect:

On-Chain
Self-Custodial
Derivatives
Exchange

At
the
heart
of
the
DexToro
protocol
is
the
Exchange—a
cutting-edge,
on-chain,
self-custodial
derivatives
exchange
that
harnesses
the
power
of
Ethereum
smart
contracts.
Users
completely
control
their
assets
for
an
unmatched
level
of
security
and
transparency.

DexToro ExchangeDexToro Exchange”>

DexToro
Exchange

has
processed
over
$120,000,000
in
trading
volume
and
collected
over
$70,000
in
trading
fees
from
over
300
traders.
Compared
to
their
centralized
exchange
counterparties,
these
numbers
are
extremely
low,
with
lots
of
room
for
growth
as
blockchain
technology
continues
to
evolve
at
a
staggering
pace.

Collateral-Backed
dUSD
Stablecoin
(coming
soon)

dUSDdUSD”>

dUSD

is
the
stablecoin
that
redefines
stability
in
the
volatile
world
of
cryptocurrencies.
Decentralized
and
backed
by
robust
collateral,
dUSD
is
soft-pegged
to
the
US
Dollar,
providing
traders
with
a
reliable
base
currency
for
their
derivatives
transactions.
With
dUSD,
users
can
focus
on
their
trading
strategies
without
worrying
about
the
price
fluctuations
of
their
base
currency.

Liquidity
for
Permissionless
Derivatives
(coming
soon)

The
upcoming
Liquidity
product
is
a
game-changer
for
permissionless
derivatives
trading.
With
support
for
perpetual
futures,
options,
and
parimutuel
markets,
traders
can
explore
various
financial
opportunities
across
multiple
EVM
chains.

DexToro’s
Liquidity
product
will
be
available
across
multiple
EVM
chains,
ensuring
users
can
tap
into
deep
liquidity
pools
and
execute
trades
seamlessly
on
their
preferred
blockchain.

DexToro
Smart
Wallet

The
DexToro Smart WalletDexToro Smart Wallet”>

DexToro
Smart
Wallet

is
an
all-in-one,
on-chain
margin
engine
that
gives
traders
the
power
of
decentralized
and
self-custodial
derivatives
trading.

Self-Hosted
Crypto
Wallet

DexToro
is
taking
wallet
functionality
to
the
next
level
with
its
upcoming
self-hosted,
non-custodial
crypto
wallet.
This
wallet
will
provide
users
with
a
secure
and
user-friendly
way
to
manage
their
digital
assets,
all
while
maintaining
complete
control
over
their
funds.

Enterprise:
DexToro’s
Power
(coming
soon)

DexToro
can
be
a
powerhouse
for
institutional
clients
and
businesses.
The
upcoming
EnterpriseEnterprise”>

Enterprise

solutions,
which
include
liquidity
provisioning
and
white-label
offerings,
will
enable
companies
to
harness
the
full
potential
of
DexToro’s
cutting-edge
infrastructure,
liquidity,
and
expertise.

The
Role
of
the
DTORO
Token

The
DTORODTORO”>

DTORO

token
is
the
fuel
that
powers
the
DexToro
protocol.
As
a
utility
token,
it
serves
multiple
functions
within
the
ecosystem,
including:

Staking
for
Potential
rewards
Share
and
Trading
Rewards

One
of
the
primary
functions
of
the
DTORO
token
is
to
enable
users
to
stake
their
tokens
and
potentially
earn
a
share
of
the
protocol’s
rewards.
By
locking
up
their
DTORO
tokens,
users
can
benefit
from
the
platform’s
growth.

In
addition
to
rewards
sharing,
staked
DTORO
tokens
grant
access
to
exclusive
trading
rewards,
further
incentivizing
active
participation
in
the
ecosystem.
The
goal
is
to
cultivate
a
strong
community
of
token
holders
with
a
vested
interest
in
the
long-term
success
of
DexToro.

Governance
Rights
for
Token
Holders

DexToro
is
committed
to
building
a
truly
decentralized
platform,
and
the
DTORO
token
is
crucial
in
achieving
this
goal.
DTORO
token
holders
are
empowered
to
actively
participate
in
the
protocol’s
governance,
shaping
its
future
direction
and
development.

As
the
DexToro
community
grows,
demand
for
the
DTORO
utility
token
will
increase,
making
it
a
potentially
valuable
asset
for
long-term
growth.
After
four
years
of
weekly
inflationary
token
emissions,
the
total
supply
of
DTORO
on
the
market
will
be
55,527,792.

DexToro’s
Protocol
Transition
Paves
the
Way
for
On-Chain
Derivatives
Trading

DexToro’s
transition
from
a
Peer-to-Contract
DEX
to
a
full-blown
protocol
marks
a
significant
milestone
in
the
platform’s
journey.
With
its
advanced
product
suite
—
including
the
Wallet,
Liquidity,
and
dUSD
stablecoin
—
DexToro
is
now
better
equipped
to
drive
the
widespread
adoption
of
decentralized
on-chain
derivatives
trading.

Users
can
join
the
DexToro
community
today
and
become
a
part
of
the
future
of
decentralized
finance.
Whether
they’re
a
trader,
liquidity
provider,
or
governance
participant,
there
are
opportunities
to
get
involved
and
benefit
from
the
protocol’s
growth
and
success.

Public
Sale
of
DTORO
Tokens
Ends
October
1,
2024

DexToro’s
$5m
seed
round
has
already
generated
significant
buzz
throughout
the
crypto
world.
Half
of
the
seed
round
is
being
raised
via
the
DTORO
token,
which
is
accessible
to
the
public
and
closes
on
October
1st,
2024.
Investors
can
participate
by
heading
to
tokensale.dextoro.comtokensale.dextoro.com”>

tokensale.dextoro.com.
DTORO
token
holders
will
begin
to
receive
a
portion
of
the
exchange
trading
fees
starting
in
Q4
of
this
year,
quoted
from
founder
&
CEO
Nick Nechanicky.Nick Nechanicky.”>

Nick
Nechanicky.