Background

DexToro

What Is DexToro (DTORO)?

DexToro is a decentralized derivatives trading platform offering exposure to real-world and on-chain synthetic assets with leverage.

The DexToro token (DTORO) is our utility token, which is used to sustain long-term protocol growth. DTORO has two primary functions: (a) Staking and (b) Governance.

  • Stakers will receive a share of protocol revenue + additional trading rewards based on total fees paid.
  • Token holders will be eligible to vote on upcoming protocol upgrades and token listings.

What Makes DexToro Unique?

Trading on DexToro’s synthetic infrastructure provides many advantages over centralized exchanges and order book-based DEXs. The lack of an order book means all trades are executed against the contract, known as P2C (peer-to-contract) trading. This enables DexToro to offer zero slippage, razor-thin fees, and lightning-fast trade executions. Another advantage is due to our synthetic architecture, we support a variety of different trading assets outside of crypto, such as Forex and Stocks. Assets are assigned an exchange rate through price feeds supplied by decentralized oracles.

Basic Tokenomics Overview

The DexToro token launched on October 10th, 2023. The token follows the below model:

  • Ticker - DTORO
  • Initial Supply - 25,000,000
  • Inflation Model - Weekly emissions will start at 1,153,846.22 DTORO the first week and drop to around 15,955.4269 DTORO (1% APY) at the end of four years. Resulting in a total supply at the end of four years of 80,527,792

Allocation Breakdown

  • 30% - Team & Advisors
  • 5% - Liquidity
  • 10% - Investors
  • 25% - Growth Fund
  • 10% - Future Employees & Consultants of DexToro
  • 20% - DexToro Treasury

Integrationstwitter

DexToro Develops iOS App with Zero Gas Fees and Apple Pay Integration

Mon 25th Nov 2024
DexToro's development team reports significant progress on their iOS application. The app aims to simplify memecoin and blue chip trading with: - Zero gas fees - Apple Pay integration - Robinhood-inspired UX/UI design The team has also completed the exchange liquidity UX design and is currently refining the UI. Mobile interface improvements include fixes for misaligned icons to ensure responsiveness. *Development Status:* - iOS app: In progress - Exchange liquidity UX: Finalized - UI refinements: Ongoing - Mobile bug fixes: Active
Community article

DexToro Platform Launch Update

Thu 21st Nov 2024
DexToro, a decentralized derivatives trading platform, is preparing for launch. The platform will offer P2C (peer-to-contract) trading with zero slippage and support for various assets including crypto, forex, and stocks. Key features: - Synthetic asset trading with leverage - Oracle-powered price feeds - DTORO token for staking and governance - Initial supply of 25M tokens - Revenue sharing for stakers Platform advantages include instant trade execution and minimal fees. The token launched October 10th, 2023, with a four-year emission schedule reaching 80.5M total supply.

DexToro Updates Terms of Use and Trading Platform

Thu 21st Nov 2024
DexToro has released its updated Terms of Use on their exchange platform. The decentralized derivatives trading platform continues to enhance its features, with recent updates including: - New Terms of Use documentation now available - Enhanced Manage Funds module implementation - Important reminder for users to verify regional eligibility *Key Updates:* - Terms of Use accessible at trade.dextoro.com/terms - Platform improvements focused on user experience - Trading features upgraded for better functionality **Action Required:** Users should review the new terms before continuing to trade on the platform.
Community article

ETH Trading Volume Dominates DexToro Platform

Thu 21st Nov 2024
DexToro's trading statistics reveal significant market activity with Ethereum leading the way. ETH has accumulated over $68M in trading volume, representing 42%+ of all trades on the platform since launch. Bitcoin follows closely with $61M in volume. This trend aligns with broader market movements, as THORChain data shows increasing cross-chain BTC/ETH trading activity, suggesting a gradual shift of capital from BTC to ETH. - ETH: $68M+ trading volume (42%+ of total) - BTC: $61M+ trading volume Data sourced from DexToro Stats on Dune Analytics.
Community article

DexToro's 2024-2025 Roadmap: Building for Long-Term Success

Tue 15th Oct 2024
DexToro Protocol has unveiled its roadmap for 2024-2025, emphasizing a focus on long-term success rather than short-term gains. The plan includes: - Continuous building and improvement throughout the year - Launching DexToro Liquidity, becoming a Liquidity-as-a-Service protocol - Aiming to rent liquidity to 1,000+ integrators (white labels) - Projecting significant trading fees and volume - Allocating 70% of fees to stakers and equity holders DexToro's strategy centers on dominating the on-chain derivatives sector with a suite of strategic products. The team believes in creating a product with mass appeal, rather than solely pursuing larger grants.

DexToro Token Sale Vesting Plans Now Available

Tue 15th Oct 2024
DexToro has announced that participants of the public OTC token sale seed round can now access their vesting plans on Hedgey Finance. The sale resulted in the purchase of 299,740 $DTORO tokens. Key points: - Vesting details available at: https://app.hedgey.finance/vesting - Proof of vesting plans provided via Optimistic Etherscan transactions - Previous update: $70K raised in the seed round Investors are encouraged to review their vesting plans to stay informed about their investment timeline.
Community article
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