The DexCheck ecosystem is powered by the DexCheck token. DexCheck token currently trades at $0.022 at the time of writing with a total market cap of just $3 million. The DexCheck ecosystem is built to grow mutually with the DexCheck token. The DexCheck token can be traded on decentralized exchanges on Ethereum and Binance Smart Chain (PancakeSwap) and centralized exchanges like Kucoin and MEXC.
For the over 6,000 investors who currently hold DexCheck tokens in their personal wallets and investors who will be buying this token in the future, there are a number of benefits. These benefits are related to the ecosystem and beyond it.
We explore some of the use cases of the DexCheck token.
Platform access and privileges
Staking the DexCheck token qualifies you for numerous benefits on the platform. One of these benefits is access to special applications according to the tiered provisions. Note that you only need to stake your tokens to qualify for these benefits. Staking at least 20,000 DCK tokens allows you to enjoy pro traders' features.
This includes access to applications like InsightGPT and top traders analytics. Staking the DexCheck token also gives you access to the IPSO and allows you to participate in the revenue-sharing program.
IPSO is DexCheck’s launchpad which is open to stakers only. Stakers are given the opportunity to invest in new projects before they launch. The revenue-sharing program allows stakers to benefit from the platform’s financial success.
Passive Income Opportunities
DexCheck offers income opportunities to holders of the DCK token through staking programs and yield-farming opportunities. The on-chain staking program offers APY of up to 35%. APY varies according to the selected lock-up period which could be up to one year.
DexCheck also partners with centralized exchanges to host staking programs for investors. the recent staking program in partnership with Kucoin offers investors up to 100% APY for staking their tokens on the exchange. Liquidity providers for the DexCheck token trading pairs on decentralized exchanges also earn from the trading fees paid by other traders. The revenue-sharing program is also a good income opportunity presented by DexCheck.
Governance
The DCK token also plays a role in the administration of the project, DCK holders, through the DexCheck DAO can vote on proposals concerning the development of the project. Through the DCK token, DexCheck tokenizes the governance of the project, this makes for decentralization at every level. DCK token holders can vote on proposals related to platform upgrades, fee structures, token burns, and other important decisions. Holding the DCK token gives you a say in the project you are invested in.
Intrinsic value investment
The value of the DexCheck token fluctuates over time. Investors bet on the possibility of the token’s value appreciating over time according to market conditions and the project’s fundamentals. While market conditions are unpredictable, projects with strong fundamentals are known to grow over time. DexCheck has solid fundamentals the token’s value has been in appreciation for a majority of its existence. In addition to the utilities mentioned above, holding the DexCheck token can also return tangible value to investors. Investors can decide to hold the tokens and trade them in when the value grows or commit them to any of the passive income programs for extra benefits.
Closing Thoughts
Click here to see active trading pairs for the DexCheck token. We have discussed a few benefits of holding the DexCheck token. These are accurate at the time of writing. These benefits could improve as the project continues to grow, but it is also important to note the risks of investing in crypto assets. It is recommended that investors do proper research before purchasing any crypto assets. Also, note that this article is not financial advice.