With the massive changes and upgrades coming soon, you may be wondering how DUSD and DGTX will work together within Digitex City? We know that there’s a lot coming, and we hope to keep you all looped in while our design and development is in progress.
Digitex City will soon become the place in crypto where people come to make money. A thriving ecosystem in which you can trade, play, connect, and hustle to make your crypto work for you. Digitex City will be like nothing else you’ll find online.
With that objective firmly in mind, let’s take a look at seven ways to make money in Digitex City with DUSD and DGTX:
1. Trade with DUSD to Earn DGTX from Liquidity Mining
Beyond trading with high leverage and maximizing gains on the platform, traders can earn DGTX rewards from liquidity mining on the exchange, acting as market makers.
2. Create DUSD to Earn DGTX from the Stability Fee Payments
If you’re looking for other ways to hustle for your money, you can create DUSD’s and earn DGTX from the stability fee payments. Users can deposit DGTX into the CDP to issue DUSD, at a rate of $5 worth of DGTX to issue $1 DUSD. This will ensure that there’s always sufficient collateral to cover the debt and stimulate demand for DGTX as the means of ensuring the availability of DUSD.
In a similar way to other stablecoins, there will be a small number of users who are incentivized to create DUSD due to the opportunities for arbitrage. The Digitex stablecoin white paper explains the details regarding how the price stability mechanism works.
3. Earn DGTX by Adding Liquidity to Our DGTXETH Uniswap Market
Another great way to earn DGTX is by adding liquidity to our DGTXETH Uniswap market. The DGTX Rewards Program will be linked with Uniswap, to incentivize on-chain liquidity of the DGTX token. Users receive DGTX tokens for providing liquidity on the DGTX/ETH market on Uniswap. The more liquidity they provide, and the longer they provide it, the greater share of the DGTX rewards they receive. The total rewards given to these stakers will be 5,000,000 DGTX over a 1 month period.
4. Earn DUSD Trading Against Market Makers Set to Lose Money
Trading in Digitex City not only allows all traders to keep 100% of their profits thanks to our zero-fee model but there’s also no mechanical edge built-in against them in the form of unfair disadvantages from professional market makers or continuous punishing fees.
In fact, on the Digitex City exchange, our market makers are programmed to lose–just another way we give back to our traders. Apart from making gains through traditional trading, traders can earn DUSD just from trading on our markets as our market makers lose money over time. Digitex City will display a page where you can track all the market maker’s performance and see how much they’re lost over time. Here’s a sneak peek of how it will look.
5. Earn DUSD from Staking DGTX in Our Rewards Program
The DGTX Staking Program is yet another way in which participants can earn DUSD from staking DGTX. They will be paid out from Digitex City’s revenue share program which will allocate 20% of all the ad revenues and Playhouse revenues proportionally among stakers.
6. Play to Win DUSD in the Digitex Games
If all these fantastic financial incentives weren’t enough, we’re also offering you the chance to play games in the Digitex City ‘Play’ area to earn profits in DUSD. We’ll be starting small with traditional dice games and betting games, and then adding more options while we roll out our peer-to-peer casino and no rake poker room later in 2021.
7. Make Money Selling/Promoting Your Services in Digitex Social
Don’t forget that a large part of Digitex City will also be the ‘Connect’ area. Here, we will have a self-serve advertising platform that will only accept DUSD. This means that any cryptocurrency projects, influencers, publications, etc. will all access this service to help them expand their reach, user base, and profits by offering educational courses and seminars, trading signals and tools, and other types of crypto-related content.
Wrapping It Up
Digitex Futures had limited use for DGTX. But Digitex City has almost unlimited ways in which both DGTX and DUSD will be utilized, which means that we’re creating more demand by design and giving users many more ways to generate money than by just “trading.”
Digitex City is designed for people who want to hustle and make money, and they’re going to discover tons of ways of doing this. Once the social side of the platform really opens up and comes to life with different groups and cryptocurrency project pages, it will take on a life of its own and become a place for users to discover more ways of making money.
And, staying true to the Digitex brand, our goal is to create more winners without having any edge working against you. In Digitex City, users can discover financial freedom at last.
Which of Digitex City’s ways of hustling excites you the most? How will you be using Digitex City to make your money work for you rather than working for your money? Let us know your thoughts!