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DEXKIT is Bringing Financial Freedom to ALL

In this week’s episode of “unprecedented financial dumpster fires”, we join r/wallstreetbets, hedgefund short-sellers, and Gamestop in a three-way cluster of epic proportions. If you missed it you can check out this article to catch you up. Essentially, the folks over at the subreddit r/wallstreet bets organized a group of retail investors to “pump” the price of GME (Gamestop shares). The company has been steadily declining making it an easy target for short-sellers on Wallstreet.

Short-selling is a type of trading where investors can borrow stocks that they do not own and “pre-sell” them at market price and buy them back at a lower price to return to the lender and profit from the difference. It is a way that investors can profit from the price of an asset going down. After a wave of r/wallstreetbets Redditors poured money into GME, the stock rose around 1,700% since December causing short-selling hedge-funds to be sitting on over $19.75 billion in year-to-date losses.

This is where things get weird. The investment app Robinhood suspends all buys on the app for $GME and other assets. The app promotes itself as a platform that seeks to “democratize finance for all” but in the wake of an unbridled movement of everyday investors seems to turn its back on its customers.

The outcry has been heard loud and clear. Investors do NOT want to be told how they can manage their finances and investments. Theories are flying from every direction about the motivations behind limiting user’s access to their investments. Robinhood claims that the decision was made due to β€œfinancial requirements, including SEC net capital obligations and clearinghouse deposits.” (i.e. lack of market liquidity to satisfy demand). Whether this is true or not, the message was still heard loud and clear. The interests of retail investors on the platform are less valuable than the interests of large hedge funds with huge amounts of capital.

The Argument for DeFi Markets

The beauty of decentralized finance is that there is no central entity that facilitates trading, asset liquidity, and market availability. Users can remain anonymous and retain full custody of their funds while making trades 24 hours a day. Not only that, but the decentralized model ensures transparency through the blockchain. This brings Robinhoods alleged sentiment of “democratizing finance” to life in a very real way. Market participants can invest from anywhere in the world, promoting TRUE financial freedom for all. Anyone can monitor wallets and contracts preventing double-spending and giving users the ability to have a clear picture of asset ownership.

Blockchain technology has opened the door for everyday people to make the choice to abandon the broken financial system of the past and usher in a new system that promotes financial freedom for all. With currencies around the world debasing at a mind-boggling rate, a clear, low-risk safe haven is cryptocurrency. This relatively new asset class has had a reputation for volatility and speculation, but the king corn himself BTC has risen 200% on average since its inception over 12 years ago. It is only a matter of time before people wake up and offload their devaluing fiat currencies.

DEXKIT’s ToolKIT is DeFi for ALL

DEXKIT is providing powerful DeFi tools to cryptocurrency market participants. Our team is building a full toolkit that will empower traders to trade and manage their crypto portfolios in an informed and straightforward way. All of DEXKIT’s tools can be branded and deployed through Whitelabel WordPress integration allowing partners to provide powerful tools to their audience while also benefiting from a customizable fee structure. DEXKIT is enriching the DeFi space and empowering users and creators to leverage powerful technology through easy to use applications.

The DEX aggregator has been running for months scanning over 14 of the most popular DEX protocols for the best liquidity sources and prices for tokens. It provides users with a simple and easy to use interface providing access to thousands of crypto assets. It uses Transak to allow users to purchase ETH directly from a credit or debit card. Start swapping HERE!

The DEXKIT exchange is an advanced DEX that brings trading tools like limit orders, stops, and leverage trading to the world of DeFi! It leverages powerful aggregator technology to pool analytics from the most popular DEX protocols. Users can place orders, access price and depth charts, a cross-protocol order book, and place market buys and sells through the aggregator. Advanced users can also deploy bots that take advantage of arbitrage increasing profit-making options. Check out the exchange demo HERE!

DEXKIT’s DeFi Dashboard is a powerful tool that makes managing crypto portfolios a breeze. The multicurrency wallet offers support for multiple chains including BTC, ETH, and DOT. Users can perform swaps directly from the dashboard and monitor their complete portfolio. The app also features protocol, token, and chain explorers giving users unmatched access to detailed information about their favorite assets. DEX traders would normally have to query a litany of sources for this information, but now it is all available in one super app!

The “Transformer Kits” allow users to manage their DeFi holdings in a way that no other platform has even attempted. Not only can users monitor the performance and rewards from their staking and farming pools, but they can also withdraw, deposit, or liquidate their positions quickly and easily. Users can perform complex DeFi transactions in one action. This will empower app users to save on gas fees and simplify the management of DeFi assets. You can play around with the Dashboard DEMO HERE!

The final tool is the NFT marketplace. It is becoming a well known fact that NFTs are going to be a huge part of our digital identities as WEB3 integrations become more mainstream. Some of the rarest NFTs in existence have gone for upwards of 600 ETH (or $750,000)! From Cryptokitties to Axies, NFTs (Non-Fungible Tokens) come in many forms: digital art, collectibles, cards, and unique assets that can be integrated into WEB3 enabled games like SANDBOX. All of these assets are unique and tradable on the blockchain. They allow for unique utility opening up a world of possibilities for the crypto projects that implement them.

The DEXKIT NFT marketplace provides a platform for trading these assets from one user to another. Owners can customize the exchange and their collection to fit the aesthetic of their brand. Fee structures and accepted currencies can also be customized. Humans love to collect, and as we continue to live more and more of our lives on-line, NFTs are sure to become a staple for people in the future.

KIT Token

KIT is the native token for all DEXKIT apps. By holding 750 KIT, users benefit from a 90% discount on swap fees on the DSwap aggregator. Holders can also stake KIT to receive a portion of the ETH fee pool. Every month fees are collected from all DEXKIT tools including affiliates. There is no penalty for unstaking and rewards can be withdrawn at any time. Anyone who wants to take advantage of the advanced features of the upcoming apps MUST HOLD KIT TOKENS. So stock up now before the apps are released! DEXKIT is bringing DeFi to the masses, so what are you waiting for? Join the community!

  • πŸ‘‰ DEXSwap Aggregator: https://swap.dexkit.com/#/swap πŸ‘ˆ
  • πŸ‘‰ YouTube: https://www.youtube.com/channel/UC1R-ZwZQPP_C0sauNPmcX9A πŸ‘ˆ
  • πŸ‘‰ Dashboard DEMO: https://demo.dashboard.dexkit.com/dashboards/overview πŸ‘ˆ
  • πŸ‘‰ Exchange Demo VIEW ONLY: https://demo.exchange.dexkit.com/#/trade πŸ‘ˆ
  • πŸ‘‰ Twitter: https://twitter.com/dexkit πŸ‘ˆ
  • πŸ‘‰ Facebook: https://www.facebook.com/dexkitcom πŸ‘ˆ
  • πŸ‘‰ Reddit: https://www.reddit.com/r/Dexkit πŸ‘ˆ
  • πŸ‘‰ Github: https://github.com/dexkit πŸ‘ˆ

Where can I get more information on DEXKIT

Make sure to check out our FAQ page and get the latest information about DexKit from our bi weekly LIVE community updates on our Youtube channel where we announce giveaways, promotions, partnerships, and platform developments. You can also find us on Telegram to chat with the team, community and check out our social media pages from the list at the bottom of the page.