A few days ago, dexx's crash brought significant impact to the Chinese dog coin community, with many pessimists around! I received a call from a friend while I was asleep at dawn, saying the coins were gone! It scared me to death; fortunately, I had withdrawn most of my funds a few days ago for other expenses, leaving only 500 U to trade, which the dog traders probably didn't care about and were too lazy to take, thus I was spared.
Why has dexx gained so many users in just a little over two months? Personally, I feel it boils down to two points:
1: The product is smooth, with high user acceptance. Previously, trading robots mainly used in Telegram were not smooth in operation, cumbersome, and had high fees. The emergence of dexx has changed this situation, providing a good user experience on both mobile and desktop, with features like order prevention that meet user needs.
2: Commission rebate for transaction fees, most on-chain tools have a 1% fee, and the robots in Telegram either take all of this 1% for themselves or keep most of it, giving very little to promoters. However, dexx returns 60% of the transaction fees to users who promote it, making it a trend to earn commissions while trading.
To summarize: the product is solid, the experience is smooth, and sharing profits with the market is an important reason for dexx's breakout. Although dexx crashed today, there are still people using it to monitor the market, including myself, which is enough to indicate that the product is doing okay.
Some people are criticizing promoting KOLs, but there is really no need to; they are all adults in a harsh circle and must take responsibility for their actions. It’s more like the sour grapes phenomenon.
