Memento

DEXTF Price

What is DEXTF?

DEXTF is a digital asset management infrastructure on blockchain that allows anyone to create, mint, and redeem XTF funds. At present, DEXTF supports more than 70 tokens and funds are soft-limited to 10 tokens (this limit will be increased in next releases). The XTF funds’ ticker symbol and asset weights are determined by the fund manager when creating the fund. Each XTF fund is an ERC20 token with its own address and contract allowing users to hold, trade, transfer, redeem and utilize XTF fund like any other token. XTF funds are also composable, both downstream (as any ERC20 they can be used by other protocols as collateral or underlying for any DeFi application) and upstream (they can hold various other ERC20 like decentralized options, yield producing tokens, liquidity pools, etc.).

What makes DEXTF unique?

The DEXTF team spotted a gap in the DeFi ETF space for an easy, accessible way for anyone to create and manage decentralized funds. 

They sought to create a simple and efficient asset management infrastructure that followed the team’s philosophy: that only the bare minimum logic should be on chain. Furthermore DEXTF does not rely on oracles: the risk of manipulation present in complex oracle or rebalancing mechanisms tends to result in the use of admin keys in order to respond in a timely manner to attacks or exploits. Finally DEXTF does not rely on other protocols for the funds to trade: this reduces the attach surface and also limits the need for admin key to upgrade the connectivity when the underlying protocols upgrade.

The DEXTF team believes that true adoption from large players, institutions and the masses wll only be possible without  admin keys and their connected risks. 

DEXTF’s core protocol relies on simple functions, safe and eticulous coding and strong game theory. The entire mechanism relies solely on arbitrage and market forces for fund pricing, rebalancing and safety. 

Finally, while logic can be programmed into a smart contracts, a community of properly incentivized stakeholders is one of the strongest and smartest solution to many problems. 

Ultimately, reducing Fund Management to their simplest form makes XTFs simpler to utilize in a way that is reminiscent of the highly modular design philosophy of UNIX. DEXTF can almost be thought of as a trust-minimized set of building blocks that creates economic incentives and opportunities for the community to be rewarded for taking up each role in the ecosystem.

DEXTF Governance Token and Ecosystem Rewards

DEXTF is an ERC20 token created to govern the DEXTF protocol. DEXTF tokens can be used to vote on proposals for protocol changes including the adjustment of system parameters like fee factors. DEXTF holders may also delegate their voting power to another address or delegate who may propose, vote on, and execute proposals on their behalf.

Additionally, the distribution of DEXTF tokens has been designed to reward network participants for performance, liquidity, volume and other metrics in an effort to increase adoption of the DEXTF Dapp and XTF token funds.

Where can you buy Memento?

DEXTF tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Memento is Hydrex Integral, where the most active trading pair DEXTF/WETH has a trading volume of $10,470.25 in the last 24 hours. Other popular options include Uniswap V3 (Ethereum) and Uniswap V2 (Ethereum).

What is the daily trading volume of Memento (DEXTF)?

The trading volume of Memento (DEXTF) is $15,164.96 in the last 24 hours, representing a -53.00% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Memento (DEXTF)?

Memento (DEXTF) reached an all-time high of $3.98 and an all-time low of $0.001300. It’s now trading -98.90% below that peak and 3,328.70% above its lowest price.

What is the market cap of Memento (DEXTF)?

Market capitalization of Memento (DEXTF) is $3,596,238 and is ranked #1929 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of DEXTF tokens (81 Million tokens are tradable on the market today).

What is the fully diluted valuation of Memento (DEXTF)?

The fully diluted valuation (FDV) of Memento (DEXTF) is $4,457,580. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million DEXTF tokens are in circulation today. Depending on how the emission schedule of DEXTF tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Memento compare against its peers?

With a price decline of -30.80% in the last 7 days, Memento (DEXTF) is underperforming the global cryptocurrency market which is down -3.50%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -4.60%.

How to add Memento (DEXTF) to MetaMask?

Adding Memento (DEXTF) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import DEXTF as a token. You can copy DEXTF’s contract address (0x5f64ab1544d28732f0a24f4713c2c8ec0da089f0) and import it manually, or if you've installed MetaMask's chrome extension, add DEXTF to MetaMask with one click on CoinGecko.

Add DEXTF to MetaMask.