On September 15, 2020, DXone announced that it had launched a customizable market research and trading platform. According to the announcement, the platform is garnering a lot of attention in the crypto world and they already have over 2000 traders.
DXone Plans for the Future
DXone plans to expand beyond the blockchain market. As a result, the development team, led by CEO Luciano Nonnis, built a platform with the efficiency of the legacy financial market tailored for crypto traders.
A Customizable Platform
The trading platform is highly customizable. Users can personalize their trading experience by simply dragging and dropping HTML5-based widgets. The functionality allows them to access a variety of unique trading and research tools. On DXone, users get access to the tools for free, unlike other trading platforms where they tend to come with a fee.
DXone has the goal of offering traders a high-quality and easy-to-use platform, something they believe is lacking in many of the existing trading platforms. The team behind the exchange believed the low quality of most trading platforms undermined the efficiency of traders instead of empowering them to succeed.
They noted that on most platforms, traders do not have access to the tools they need to succeed. As a result, traders usually need to visit dozens of sites to make their trading decisions. DXone’s solution is to provide traders with all the market research they need in one portal, which will include a newsfeed on major events in the blockchain space. In the world of trading, every second can count. With this being said, creating a one-stop solution can give any trader a competitive edge.
The Unique Approach of the DXone Platform
On many exchanges, the focus is on listing as many tokens as they can. Others specialize in trading utility. DXone has identified a niche where it will focus on professional access to the crypto market. They are one of the pioneers in the emerging tokenized crypto exchange sector.
Nonnis and the development team, which consisted of tokenomics experts, created a transparent dual-token model. In the model, investors and users can access two unique tokens with each serving a different purpose. The first token is the DX1S security token that offers holders a share of the revenue monthly. DX1S will be offered as a publicly available tokenized asset that will be regulated under the rules of Liechtenstein’s FMA.
The other token is the DX1U token that gives traders huge discounts on trading fees. When using the DX1U token, traders on the platform will receive discounts as long as they hold onto a minimum number of DX1U tokens in their accounts. The tokens will not be deducted when being used to get discounts on trading fees.
The Value Proposition
On DXone, investors have a unique opportunity to earn dividends using tokenized assets. On the other hand, users of the platform will get some utility. With numerous tokens issued to enhance decentralized markets, Nonnis decided to use a different approach. He believes that decentralized solutions should come with a centralized counter-party since completion leads to innovation.
The CEO concluded by saying that regulated tokenized assets were a new frontier in the blockchain space. He noted that they enhance access to traditional assets but with better security, more transparency, and faster settlement times.