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EducationalApril 24, 2021

Salient Features Of DETO

Shubham Goyal
CEO, Delta Exchange
April 24, 2021

The Delta exchange and its DETO token are committed to serving its loyal users to the full extent; this will not be done just by the best User interface(UI), user-centric, and rewarding ecosystem. The exchange introduced many other features to make sure the users get the best service and can make the most out of cryptocurrencies from one platform only.

Therefore, we at Delta feel it is important for new users to know about those features of Delta so that they can make the best of the Delta ecosystem.

Salient Features of DETO

Delta is not just your regular crypto exchange; it has several features currently exclusive to the Delta ecosystem.

Trade Farming

The Delta Exchange Token or DETO is the utility token of the Delta exchange. To mine DETO, users do not have to do anything special; they just have to trade as they do daily, and they will earn DETO on a daily basis. Traders will earn DETO proportional to their trading volumes on the exchange. So the more you trade on Delta, the more tokens you will earn DETO.

Liquidity Mining With Robo Trading (Mine DETO)

Robo Trading gives you an opportunity to earn with cryptocurrencies with the strategy you think is the best without breaking a sweat. As the name suggests, Robo trading is an algorithmic trading concept that lets you select the best strategy for you according to the risk they are willing to take.

Using Delta’s liquidity mining program you can deposit funds into one of the strategies and mine DETO Apart from earning potential yield from the strategy. The more you invest in these trading pools, the more DETO you earn.

To enroll in robo trading, go to Robo trading’s dashboard, learn about all the trading strategies, pick the best one for you and transfer your assets in the strategy.To know more about Robo trading, click here.

Minimum Support Price (MSP)

If you fear that holding DETO might not be the best idea, we have got you covered. The DETO Minimum Support Price [M.S.P.] has beenupwardsrevised to $0.50 from $0.10, for a limited time. Traders can pay 25% of their fees with DETO tokens, and if the price of DETO tokens goes below 50 cents while paying the fees, the value of DETO tokens will be considered as 50 cents.

For example, let us assume a case where you have to pay the fee of 10USDT, and you enable the option for paying with DETO( where 1 DETO= 50 cents), you have to pay 7.5 dollars in USDT and 5 DETO tokens. In the same case, if the value of DETO plunged to below 50 cents per DETO, you will still pay the same amount of fees.

DETO Buyback Program

We all know that among various factors, the price of a cryptocurrency is also dependent on its circulating supply. To reduce the circulation supply of the coin, Delta introduced the buyback program. As the name suggests, Delta will buy back the DETO token from the market.

To buy back the tokens, Delta will be using 25% of the trading fees collected from the Delta exchange for the buyback program, which will be starting in June 2021 until at least 50% of the hard cap is bought back.

According to the current plans, the tokens bought back will be funneled back to the rewards pool.

Staking and Exchange Utility

Apart from using DETO to pay Delta’s fees, Delta is planning to increase the use cases of the DETO token by launching structured products. One of the biggest use cases of Delta will be utilizing DETO tokens to open margin trading positions. To provide margins for trades and increase the number of holders, Delta will introduce locked up staking programs.

Delta is committed to building the most user-friendly and fulfilling ecosystem there is. To that end, DETO tokens will act as the backbone of the ecosystem and will aim to strive for greater heights.

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