Place/Date: - September 2nd, 2021 at 2:44 pm UTC · 4 min read
We’ve all heard crypto folklore of a pizza sold for 10,000 Bitcoins (nearly a half a billion dollars in today’s market) during Bitcoin’s infancy. While it’s safe to assume no one is still paying these outrageous prices for low cost goods, it does beg the question:
All too often novice crypto investors fall victim to high-risk short-term trading strategies. They sell it at the first opportunity to take profits, which reduces demand and makes it difficult for the currency to grow long term. By following this strategy, traders play against price and miss out on opportunities to maximize profits.
To promote a healthier investment mindset and help holders generate more profits, a team of talented developers have created the dexIRA platform.
The platform is based on the synergy of two concepts: DEX (decentralized exchanges) and IRAs (Individual Retirement Accounts).
In practice, dexIRA offers investors many of the benefits of an individual retirement account but with the advantage of trading in cryptocurrency.
The project borrows from the long-term investment idea behind a traditional IRA. Individuals can grow their $DEX holdings commission-free similar to tax-free IRA contributions. This allows members to increase their stake in the reward pool over time without sacrificing initial capital.
Combining the advanced BEP-20 high-speed blockchain technologies and the traditional IRA model, the dexIRA platform allows users to collect and manage a diverse array of curated cryptocurrency tokens while also holding dexIRA ($DEX).
After a one-year holding period, investors can sell their $DEX holdings tax-free and penalty-free. However, similar to the age restrictions on a traditional IRA, if holders choose to sell early, they’re penalized.
To implement a long-term investment strategy, dexIRA developers have created a DEX token that’s intended to be held for a period of more than 1 year. This is the first and only multi-currency reward-based token to collect a sales tax but not a purchase tax!
Key Features of $DEX:
Advanced protocols recognize when a sale is made. The contract then buys a portion of the sold tokens back to relieve sell pressure, and burns those tokens.
The strategy is simple: Incentivize new investment by waiving fees when purchasing dexIRA tokens and support long-term growth by providing rewards and penalizing speculative short-term traders.
Investors are protected even when $DEX tokens are sold and the price drops because they are rewarded with ⅔ of all fees collected. Similarly, the dexIRA contract includes enhanced token buyback protocols to spur growth and anti-whale measures to prevent large one-off sell orders.
$DEX tokenomics creates a system of checks and balances that organically regulates sales, which ultimately increases demand and provides the foundation for long-term growth.
A win-win scenario where holders win both when tokens are sold and while holding the token!
The project was created to shift the mindset of investors and prove that cryptocurrencies can be stable, value-appreciating assets if the tokenomics support a long-term investment goal
Fee-free withdrawals after one year foster a conservative sentiment among $DEX majority holders and strengthens the price floor.
Buy $DEX tokens without fees, use them to automatically collect and manage a diverse array of curated tokens in the following cryptocurrencies: BNB, BUSD, BTCB, ETH, DOGE, CAKE, XRP, LITE, LINK, DOT, ADA. SAFEMOON, ATOM, MATIC, TETHER, 1INCH, BUNNY.
Join the next big wave of crypto by joining thousands of other $DEX investors!