No Regulation

Reputation Ratings

DexAge

Nigeria

|

5-10 years

5-10 years|Suspicious Regulatory License|Medium potential risk
Website

Influence

C

Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
DexAge
Phone of the company
--
Company website
More
Customer Service Email Address
info@dexage.com

WikiBit Risk Alerts

1
Previous Detection 2024-03-29

It has been verified that this Project currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

By company

No data

User Reviews

More

0 ratings

Participate in evaluation
Post comments, leave your thoughts and feelings
make a comment

Overview of DexAge

DexAge is a decentralized digital exchange platform that facilitates the trading of cryptocurrencies, crypto lending, and peer-to-peer chat. The company was launched in the blockchain-cryptocurrency market with the objective of creating a system where the management and decision-making processes are in the hands of traders and investors, not centralized authorities. The core team behind DexAge comprises several experienced professionals from different fields such as fintech, IT, and marketing. The team is led by Preciouse Kenneth W, who brings extensive experience in trading and business strategies, and Fredric Frontaura, an IT expert with a strong passion for blockchain technology. DexAge aims to build a trustless, permissionless P2P trading environment based on an automated system thus removing the need for intermediaries.

Overview of DexAge

Pros and Cons

Pros Cons
Decentralized management putting traders and investors in control Limited to cryptocurrencies only
Trustless and permissionless P2P trading environment No fiat currency options for trading
Peer-to-peer chat for direct communication between users Depends on blockchain technology's processing speed
Crypto-lending feature enhancing usability Lack of widespread adoption
Removed need for intermediaries with automated system No physical presence or customer service centers

Pros of DexAge:

1. Decentralized Management: DexAge puts traders and investors in control by decentralizing management. This approach empowers users to directly influence strategic decisions, enhancing transparency, and aligning the platform's interests more closely with those of its user base.

2. Trustless and Permissionless P2P Trading Environment: By creating a permissionless and trustless P2P trading environment, users can transact freely and securely without a need for intermediaries.

3. Peer-To-Peer Chat: DexAge includes a peer-to-peer chat feature that enables direct communication between users. This direct communication fosters a high degree of transparency and facilitates better coordination among users.

4. Crypto-Lending Feature: DexAge's crypto-lending feature adds a value proposition to the platform by providing a mechanism for users to earn profits through lending their cryptocurrencies.

5. Removal of Intermediaries: By developing an automated system, DexAge has eliminated the need for intermediaries, leading to reduced costs for its users and enhancing the likelihood of rapid transactions.

Cons of DexAge:

1. Limited to Cryptocurrencies: DexAge only supports the trade of cryptocurrencies. The absence of fiat currency options could be seen as a limitation for those who would like more diverse trading options.

2. Dependence on Blockchain Technology: DexAge's performance and transaction speed are highly dependent on blockchain technology's processing speed. Sometimes, the processing speed of blockchain technology can be slow, potentially resulting in slow transaction times.

3. Lack of Widespread Adoption: Since DexAge is a relatively new platform, it may be faced with a lack of widespread adoption. Many users are already comfortable with existing platforms, and getting them to switch can be challenging.

4. Absence of Physical Presence or Customer Service Centers: As an exclusively digital platform, DexAge lacks physical customer service centers. This absence could cause some inconveniences for users who prefer face-to-face customer service interactions.

Security

DexAge prioritizes security through:

Decentralization: Utilizes a blockchain-driven decentralized exchange for P2P crypto trading and lending, resistant to hacking.

Autonomy: Employs an autonomous, self-sustainable crypto-trading system, placing power in the hands of DexAge stakeholders.

Social Web Driven: Capitalizes on the strength of the community through the DXG platform and Dapp, fostering communication, idea-sharing, and knowledge exchange.

Trustless System: Ensures security in P2P crypto transactions through decentralized escrow services and secure smart contracts.

Security

How Does DexAge Work?

DexAge operates as a decentralized, user-centric exchange where the control is put into the hands of traders and investors. Built on the blockchain, DexAge applies smart contract technology to automate its operations, thus reducing the need for intermediaries and third-party services.

When two parties agree on a trade, a smart contract is created and put on the blockchain. This contract contains all the details of the deal including the price and amount of tokens to be exchanged. Once the terms are met, the contract executes itself and the cryptocurrency gets transferred from one party's wallet to the other's. This decentralized and automated process ensures that the transaction is secure, transparent, and tamper-proof.

In addition to cryptocurrency trading, DexAge also allows users to lend their cryptocurrencies to others and earn profits through interest payments. This crypto lending mechanism represents another implementation of smart contracts within the DexAge platform.

Moreover, DexAge also includes a peer-to-peer chat feature allowing users to communicate directly with each other, a functionality that fosters transparency and eases coordination between traders.

Overall, DexAge works as a decentralized exchange, disintermediation platform, and communication system for cryptocurrency users, aiming to put the power back in the hands of the community.

What Makes DexAge Unique?

DexAge stands out for its uniqueness by leveraging the social connections among users, traders, and investors. This distinctive approach forms the foundation for increased engagement in P2P crypto-trading, P2P crypto-lending, and P2P crypto-fiat trading on its blockchain-based decentralized exchange platform. The emphasis on social connectivity sets DexAge apart, fostering a community-driven environment that enhances the overall trading experience for its users.

What Makes DexAge Unique

How to sign up?

To sign up for DexAge, you will need to follow the below steps:

1. Visit the DexAge website: https://dexage.ioor contact their customer support team at info@dexage.com.

2. Click on the 'Register' or 'Login' button usually located at the top right corner of the homepage.

3. You will be directed to a registration page where you need to fill in your details. This usually includes your name, email address, and your desired password.

4. Once you've filled in the required details, you may have to agree to DexAge's terms of service and privacy policy. Be sure to read these policies carefully before agreeing.

5. After agreeing, click on the 'Create Account' or 'Register' button.

6. You will likely need to verify your email address to complete the registration process. To do so, check your email for a confirmation message from DexAge and follow the instructions in the email.

7. After email confirmation, you should now have access to your DexAge account.

Keep in mind that these instructions may vary slightly depending on any updates or changes DexAge might make to their website or registration process. Be sure to follow the specific instructions provided on the site when signing up.

How to sign up?

Can You Make Money?

Yes, clients can potentially make money through participating in DexAge platform in several ways:

1. Trading Cryptocurrencies: Just like stock trading, you can buy cryptocurrencies when prices are low and sell them when prices are high to generate profits. Keep in mind trading risks and study the market carefully before making a move.

2. Crypto-lending: Another way to earn income on DexAge is by lending cryptocurrencies. Users can lend their holdings to others for a specified period and earn interest, but they should carefully consider the borrowers reputation and the terms of the loan.

3. Staking: Some platforms allow its users to make profits by staking their coins, which means keeping them in a digital wallet to support blockchain network operations such as validating transactions. You will have to verify if staking is an option available with DexAge.

Regardless of the strategy, always do your own research and risk assessment before participating in these programs. It's important to fully understand the market and the specific cryptocurrencies you are dealing with. Diversifying portfolios and investing only what you can afford to lose are also good financial practices in this volatile market.

Conclusion

DexAge presents a fascinating take on decentralized finance by giving power back to the traders and investors. Its unique features such as decentralized governance, smart contract-based automation, crypto-lending, and peer-to-peer chat offer a new perspective on finance management and potential earnings. Nevertheless, the platform is not without its cons. Being exclusively into cryptocurrencies, the absence of fiat currency options, the dependence on blockchain technology's processing speed, the relative lack of widespread adoption due to its newness, and the absence of customer service centers pose challenges and limitations to its users. Therefore, while DexAge can be seen as a promising platform for someone interested in a decentralized trading and lending model, it is also crucial for prospective users to conduct complete diligence and understand inherent risks associated with platform usage and cryptocurrency handling.

FAQs

Q: What is the main concept behind DexAge?

A: DexAge is built on the principle of decentralized authority, aiming to place decision-making powers in the hands of its users instead of a central body.

Q: What are some benefits of using DexAge?

A: Benefits include a decentralized management structure, permissionless P2P trading, and the exclusion of intermediaries due to automation.

Q: What challenges might a user face on DexAge?

A: Users may face challenges such as limited trading options due to the absence of fiat currencies, potential slow transaction times due to blockchain processing speed, and initial adoption barriers due to the platform's novelty.

Q: What security measures does DexAge provide?

A: DexAge maintains security using a combination of cryptographic techniques, decentralized architecture to prevent a single point of failure, and promoting safe user practices.

Q: How does the platform function?

A: DexAge operates on blockchain technology, utilizing smart contracts for automated transactions and providing a cryptocurrency lending opportunity along with a peer-to-peer chat feature.

Q: What unique offerings does DexAge bring to the table?

A: Innovations that DexAge boasts include decentralized control, smart contract-automated operations, a crypto-lending feature, P2P chat for transparency, and community-focused decisions.

Q: What is an overall assessment of DexAge?

A: Although DexAge offers enticing features such as decentralized governance, automated transactions, and possible profits from crypto lending, users need to be mindful of certain challenges like the limitations of trading in cryptocurrencies only, dependency on blockchain technology for transaction speed, and the platform's relative newness in the market.

Risk Warning

Investing in blockchain projects carries inherent risks, stemming from the intricate and groundbreaking technology, regulatory ambiguities, and market unpredictability. Consequently, it is highly advisable to conduct comprehensive research, seek professional guidance, and engage in financial consultations before venturing into such investments. It's important to be aware that the value of cryptocurrency assets can experience significant fluctuations and may not be suitable for all investors.