Delta Exchange

What is Delta Exchange Token (DETO)?

Delta Exchange Token (DETO) is the native utility token of Delta Exchange, a leading platform for trading cryptocurrency derivatives. Delta Exchange offers a wide range of trading products including futures, options, and various innovative financial instruments for cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). DETO is designed to enhance the user experience on the Delta Exchange platform by offering various utilities and benefits to its holders.

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Recent Video Interview

Main points of the interview:

• Delta Exchange’s sponsorship and trading opportunities.
• The legality and potential of cryptocurrency in India.
• Delta Exchange’s unique options trading offerings.
• Delta Exchange offers high premiums in cryptocurrency options due to volatility.
• The fee structure for options trading on Delta Exchange.

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What Can I Use DETO For?

DETO has multiple applications on the Delta Exchange platform, providing users with several advantages:

• Trading Fee Discounts: Users can pay 25% of their trading fees using DETO by enabling the 'Use DETO to pay trading fees' option in their account preferences.
• Market Making Pool: Delta Exchange plans to introduce a DETO-USDT market making pool to enhance liquidity.
• Collateral for Derivatives: DETO can be used as collateral for opening derivatives positions, allowing for more flexible trading strategies.
• Staking Pool: A DETO staking pool is being developed to support the existing insurance fund, providing additional security and potential rewards for stakers.

Vesting and KYC Requirements

DETO earned through various incentive schemes such as liquidity mining, trade farming, or referral mining is subject to a vesting period. The token vests linearly over 90 days from the day it is earned. However, the vesting process is suspended until users complete their Know Your Customer (KYC) verification. Only verified users can buy or trade DETO, ensuring compliance and security within the platform.

Best-in-Class Features to Trade Options

Delta Exchange offers a robust set of features tailored to meet the needs of both novice and experienced traders. Key features include:

• Buy Crypto and Trade: Users can buy cryptocurrencies directly using UPI/NEFT/IMPS/Cards and start trading immediately.
• Versatile Margining: The platform supports isolated, portfolio, and cross-margin modes.
• Fiat Withdrawals: Convert crypto to fiat easily and withdraw funds to your bank account.
• Options Spreads: Trade options spreads and save 50% in trading fees.
• Strategy Builder: Create and analyze custom trading strategies.
• Basket Orders: Place multiple orders simultaneously with basket orders.
• PNL Analytics: Monitor daily gains and losses with advanced PNL analytics.
• Deep OTM/IM Options: Trade deep out-of-the-money (OTM) and in-the-money (IM) options with various expiries.
• Easy Options: Simple directional trading based on price movements.

Why Choose Delta Exchange?

Delta Exchange stands out as a premier platform for trading cryptocurrency derivatives, offering unparalleled liquidity, low fees, and top-notch security. Key benefits include:

• Best Liquidity: The platform boasts tight spreads for BTC and ETH options, with leverage up to 100x and contracts settled in USDT, BTC, or ETH.
• Lowest Fees: Delta Exchange offers some of the lowest fees in the market for options trading.
• Safe & Secure: The platform employs enterprise-grade multi-factor security for digital assets, with all withdrawals manually reviewed.
• 24x7 Support: Most support queries are resolved within 24 hours, ensuring a smooth user experience.

Team Background and Partners

Delta Exchange's advisory board includes distinguished academics and business leaders:

• Bernard van Bunnik Chairman of dopay and CEO of Du Bois Gold. Impact investor in fintech and mobility startups. Former CEO and NED roles with GE Capital, and McKinsey & Company consultant.
• Jitendra Gupta Founder and CEO of Jupiter, India’s first digital-only bank. Founded Citrus Pay, later acquired by PayU.
• Prof. Bhagwan Chowdhry Professor of Finance at the Indian School of Business. Research Professor at UCLA Anderson. Advisor to fintech companies like Stellar Development Foundation.

Delta Exchange partners with Aave, Kyber, Sinoglobal, Spartan, Lunex, Coinfund, QSN, G1, Gumi and BRcapital.

Other Exchange-based Tokens

Similar exchange-based tokens: Quickswap, FLEX coin, BNB, LEO Token, Cronos, OKB, Bitget Token, Gate, Kucoin, Tokenized Xchange...

Project Development

Delta Exchange is revising its trading fees, effective from 00:00 UTC, 15 March 2024. Key points to note:

• Options, MOVE, and Spread contracts fees are capped at 12.5% of the premium to prevent high fees on deep OTM options.
• The new fees apply to fills executed after the effective date, even if the order was placed before 15 March 2024.
• VIP program rebates remain unchanged, but actual fee rates will reflect the new structure.

Delta Exchange Price Analysis

As of November 24 2024 Delta Exchange has a marketcap of $1.3M. This is {{percentagefromath}} from its all time high of $0.629138. In terms of its tokenomics, there's a total supply of 500M with 19% currently outstanding. Keep in mind Delta Exchange has a fully diluted value of $6.7M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.