Join the DUSD Creators Group 1

Join the DUSD Creators Group

Digitex Futures
• Digitex Futures
December 3, 2020

By now, you know that the DUSD stablecoin is coming and how the switchover from the current platform will work. You’ve noticed that our branding has changed on our social channels and hopefully, you’re one of our many holders benefiting from generous DGTX payouts in our first-ever rewards program via Uniswap. Well, today, we’d like to tell you a bit more about how to use DUSD to your advantage and invite you to join the DUSD Creators group headed up by Adam. Read on to find out more.

How to Use DUSD to Your Maximum Advantage

You can see all the ways to use your DUSD to maximize your profits in risk-averse ways and make a passive income in the infographic below. 

 

Join the DUSD Creators Group 2

By collateralizing your DGTX to create DUSDs, not only will you contribute to increasing demand for DGTX and restricting its supply, but you’ll also be earning generous daily rewards. DUSD creators can expect to make around 5-10% interest per month on their investment. Just compare that to your savings account at the bank!

Besides creating DUSDs, you’ll also have the chance to put your crypto to even greater use–either towards further avenues of passive income or by taking out a DUSD loan. You can do this by collateralizing DGTX at a ratio of 10:1.

And, besides trading on our zero-fee futures, forex, and spot markets, you can use DUSD to buy DUSD bonds that pay out a fixed amount of DGTX per day. You can also earn very attractive rewards for using your DUSD to market make either manually or using bots on any of the markets on our exchange. There will also be excellent arbitrage opportunities for canny traders capitalizing on the slight price fluctuations by selling DUSD at over $1 and buying it back for $1 or less.

Finally, don’t forget about the ultra-high APYs on offer through our new rewards programs using DUSD on Uniswap. You can either choose a very stable investment vehicle by depositing DUSD and USDC for daily DGTX pool rewards, or you can lend liquidity to the DGTX/DUSD market for sustainable DGTX gains as well.

Join the Creators Group

Without a doubt, the very starting point as far as the DUSD is concerned and the enabler to all these generous programs and deep exchange liquidity lies in its creation. With all the new markets that we’re launching, we need to create as much liquidity as possible. That’s why we’re calling on all of you to actively participate in the creation of DUSDs.

As you can see, there are many incentives for doing so. Not only will everyone contributing serve to raise the demand and value of DGTX and create a liquid exchange, but you’ll be earning daily DGTX rewards.

So, what’s the next step? Join the DUSD Creators group, a dedicated group for people interested in creating DUSDs. This new group will be directly interacting with Adam to learn the ins and outs creating DUSDs to earn more on your investment.

The new group will be in the Digitex Connect area of Digitex City, which will be launching on December 15 as well. So, contact us if you’re interested in joining this group either through our 24/7 live chat feature, by opening a support ticket, or simply asking one of our admins on Telegram. 

Finally, we know that some of you may be concerned over the security of your funds in the initial beta stages of Digitex City. So, we’d like to put your minds at ease. The security of wallets should not be an issue as there is nothing new to this system–it is the same that has been in place functioning without security issues since April. While we expect to find some bugs and inconsistencies, new features added to the exchange will not jeopardize the funds you’re storing on the exchange. 

Digitex community, we’ll always have your back. Now, let’s work together to make this exchange the biggest and best in the crypto space yet.

December 3, 2020
Digitex Futures

Join the DUSD Creators Group

Digitex Futures
Join the DUSD Creators Group 3

By now, you know that the DUSD stablecoin is coming and how the switchover from the current platform will work. You’ve noticed that our branding has changed on our social channels and hopefully, you’re one of our many holders benefiting from generous DGTX payouts in our first-ever rewards program via Uniswap. Well, today, we’d like to tell you a bit more about how to use DUSD to your advantage and invite you to join the DUSD Creators group headed up by Adam. Read on to find out more.

How to Use DUSD to Your Maximum Advantage

You can see all the ways to use your DUSD to maximize your profits in risk-averse ways and make a passive income in the infographic below. 

 

Join the DUSD Creators Group 4

By collateralizing your DGTX to create DUSDs, not only will you contribute to increasing demand for DGTX and restricting its supply, but you’ll also be earning generous daily rewards. DUSD creators can expect to make around 5-10% interest per month on their investment. Just compare that to your savings account at the bank!

Besides creating DUSDs, you’ll also have the chance to put your crypto to even greater use–either towards further avenues of passive income or by taking out a DUSD loan. You can do this by collateralizing DGTX at a ratio of 10:1.

And, besides trading on our zero-fee futures, forex, and spot markets, you can use DUSD to buy DUSD bonds that pay out a fixed amount of DGTX per day. You can also earn very attractive rewards for using your DUSD to market make either manually or using bots on any of the markets on our exchange. There will also be excellent arbitrage opportunities for canny traders capitalizing on the slight price fluctuations by selling DUSD at over $1 and buying it back for $1 or less.

Finally, don’t forget about the ultra-high APYs on offer through our new rewards programs using DUSD on Uniswap. You can either choose a very stable investment vehicle by depositing DUSD and USDC for daily DGTX pool rewards, or you can lend liquidity to the DGTX/DUSD market for sustainable DGTX gains as well.

Join the Creators Group

Without a doubt, the very starting point as far as the DUSD is concerned and the enabler to all these generous programs and deep exchange liquidity lies in its creation. With all the new markets that we’re launching, we need to create as much liquidity as possible. That’s why we’re calling on all of you to actively participate in the creation of DUSDs.

As you can see, there are many incentives for doing so. Not only will everyone contributing serve to raise the demand and value of DGTX and create a liquid exchange, but you’ll be earning daily DGTX rewards.

So, what’s the next step? Join the DUSD Creators group, a dedicated group for people interested in creating DUSDs. This new group will be directly interacting with Adam to learn the ins and outs creating DUSDs to earn more on your investment.

The new group will be in the Digitex Connect area of Digitex City, which will be launching on December 15 as well. So, contact us if you’re interested in joining this group either through our 24/7 live chat feature, by opening a support ticket, or simply asking one of our admins on Telegram. 

Finally, we know that some of you may be concerned over the security of your funds in the initial beta stages of Digitex City. So, we’d like to put your minds at ease. The security of wallets should not be an issue as there is nothing new to this system–it is the same that has been in place functioning without security issues since April. While we expect to find some bugs and inconsistencies, new features added to the exchange will not jeopardize the funds you’re storing on the exchange. 

Digitex community, we’ll always have your back. Now, let’s work together to make this exchange the biggest and best in the crypto space yet.

Latest News

Digitex City

Rebranding to Digitex City and More Pool Rewards Coming This Month

Digitex Futures
• Digitex Futures
December 2, 2020

Hey Digitexers! We’re officially in December! This is a huge month for us as we expand to Digitex City, ramp up the number of markets available, roll out the zero-fee spot markets, and kickstart our multiple rewards programs allowing you to make a passive income on your crypto. 

You may have noticed that we’ve already updated our logo across our social channels. We’ve begun the process of rebranding, and we’ll be gradually switching everything over to Digitex City. Soon, all exchange listings and email will be coming from “Digitex City.”

Please be vigilant during this time as there will certainly be a few scammers out there looking to take advantage of this process. Remember that Digitex will never ask for your private keys or ask you to send any funds. Now, let’s take a look at how the switchover will work and at the generous rewards program soon to be up and running.

To Our Current Traders

Those of you trading on the platform are probably wondering what will happen on December 15 when we officially open the doors to Digitex City. Well, when you log into the DFE, you will be automatically redirected to the ‘Trade’ area of Digitex City (trade.digitexcity.com) where you can continue trading on our futures markets using the same account and DGTX balance.

Once there, you will discover the new DUSD-denominated markets running across futures, forex, and spot. These will be operating alongside our current DGTX-denominated markets. You will also discover a bunch of new and exciting features including the DUSD stablecoin creation program, the liquidity mining program for all our markets (20x), pool rewards programs, and the new Digitex Connect social platform. So, be sure to take a good look around and let us know what you think.

But to our current traders, for minimum disruption, simply continue trading as you normally do, and on December 15, everything will be moved over to Digitex City. Please be advised that during this Beta period, we expect to uncover some bugs and we would appreciate your assistance in helping us find and fix any abnormalities as quickly as possible. 

More Pool Rewards Coming This Month

Rebranding to Digitex City and More Pool Rewards Coming This Month 5

In other awesome news, the DGTX Rewards Program via Uniswap has been very successful and has built a very liquid market for DGTX with a $1.7m order book. The DGTX pool rewards wallet currently has over 300 holders with an average of $6k (split between ETH & DGTX) between them. For this reason, we plan to introduce more rewards programs this month. Read on to find out the details:

DGTX/LINK on Balancer – This rewards program will be very similar to the current program on Uniswap, however, this pool targets the LINK audience in order to attract new users to Digitex City.

DUSD/USDC on Uniswap – With a stablecoin pairing, this will be a very safe and dependable investment to obtain generous rewards without volatility issues. This will most likely become one of our most popular offerings.

DGTX/DUSD on Uniswap – This pool is designed to drive the ultimate demand for DGTX and, just like the other two programs, will work in the same way as our current Uniswap rewards program with generous APYs that vary depending on the number of participants at the time.

All these rewards programs will create demand for both DUSD and DGTX, which, as you know, is our ultimate goal. Rewards will be paid in DGTX daily and, the longer you stake, the more you earn. By the end of this month, we’ll be offering a total of four different DGTX Pool Rewards programs through which you can earn generous rewards.

We’re just two weeks away from opening the doors to Digitex City! Tomorrow, we’ll be going into more details about how the DUSD gets created and all the ways you can invest your DUSD to earn more money. In Digitex City, you’ll discover all kinds of ways to make your crypto work for you as it becomes the place in the crypto space to make money, trade, play, and connect.

December 2, 2020
Digitex Futures

Rebranding to Digitex City and More Pool Rewards Coming This Month

Digitex Futures
Digitex City

Hey Digitexers! We’re officially in December! This is a huge month for us as we expand to Digitex City, ramp up the number of markets available, roll out the zero-fee spot markets, and kickstart our multiple rewards programs allowing you to make a passive income on your crypto. 

You may have noticed that we’ve already updated our logo across our social channels. We’ve begun the process of rebranding, and we’ll be gradually switching everything over to Digitex City. Soon, all exchange listings and email will be coming from “Digitex City.”

Please be vigilant during this time as there will certainly be a few scammers out there looking to take advantage of this process. Remember that Digitex will never ask for your private keys or ask you to send any funds. Now, let’s take a look at how the switchover will work and at the generous rewards program soon to be up and running.

To Our Current Traders

Those of you trading on the platform are probably wondering what will happen on December 15 when we officially open the doors to Digitex City. Well, when you log into the DFE, you will be automatically redirected to the ‘Trade’ area of Digitex City (trade.digitexcity.com) where you can continue trading on our futures markets using the same account and DGTX balance.

Once there, you will discover the new DUSD-denominated markets running across futures, forex, and spot. These will be operating alongside our current DGTX-denominated markets. You will also discover a bunch of new and exciting features including the DUSD stablecoin creation program, the liquidity mining program for all our markets (20x), pool rewards programs, and the new Digitex Connect social platform. So, be sure to take a good look around and let us know what you think.

But to our current traders, for minimum disruption, simply continue trading as you normally do, and on December 15, everything will be moved over to Digitex City. Please be advised that during this Beta period, we expect to uncover some bugs and we would appreciate your assistance in helping us find and fix any abnormalities as quickly as possible. 

More Pool Rewards Coming This Month

Rebranding to Digitex City and More Pool Rewards Coming This Month 6

In other awesome news, the DGTX Rewards Program via Uniswap has been very successful and has built a very liquid market for DGTX with a $1.7m order book. The DGTX pool rewards wallet currently has over 300 holders with an average of $6k (split between ETH & DGTX) between them. For this reason, we plan to introduce more rewards programs this month. Read on to find out the details:

DGTX/LINK on Balancer – This rewards program will be very similar to the current program on Uniswap, however, this pool targets the LINK audience in order to attract new users to Digitex City.

DUSD/USDC on Uniswap – With a stablecoin pairing, this will be a very safe and dependable investment to obtain generous rewards without volatility issues. This will most likely become one of our most popular offerings.

DGTX/DUSD on Uniswap – This pool is designed to drive the ultimate demand for DGTX and, just like the other two programs, will work in the same way as our current Uniswap rewards program with generous APYs that vary depending on the number of participants at the time.

All these rewards programs will create demand for both DUSD and DGTX, which, as you know, is our ultimate goal. Rewards will be paid in DGTX daily and, the longer you stake, the more you earn. By the end of this month, we’ll be offering a total of four different DGTX Pool Rewards programs through which you can earn generous rewards.

We’re just two weeks away from opening the doors to Digitex City! Tomorrow, we’ll be going into more details about how the DUSD gets created and all the ways you can invest your DUSD to earn more money. In Digitex City, you’ll discover all kinds of ways to make your crypto work for you as it becomes the place in the crypto space to make money, trade, play, and connect.

Latest News

testnet launch

Celebrating One Year Since Testnet Launch – Look How Far We’ve Come

Digitex Futures
• Digitex Futures
November 30, 2020

It’s hard to believe, but an entire year has flown by since we launched our public testnet at the end of November last year. Today marks the one-year anniversary, so today, we’re looking back and reflecting on how far Digitex has come since we achieved that major milestone.

As with any tech startup attempting to innovate on existing paradigms, the Digitex journey has always been a rollercoaster ride. The past year has been no different. Nevertheless, CEO Adam was determined from the outset that he would deliver on his promise to launch a zero-fee futures exchange. And deliver, he did.

Since launching the testnet, the Digitex Exchange has been in a state of continuous iteration and improvement as we seek to ensure that we’re providing one of the best trading experiences on the market. Thanks to our loyal community’s unerring commitment, we’ve been able to rely on honest and meaningful feedback that helps us keep improving. Here are just a few of the achievements we’ve made in the year since the testnet launched.

A Unique Crypto Trading Platform

The Digitex Exchange has one of the most robust trading engines out there. Back in January, we ran a contest on the testnet, which hit a record of 22 billion traded contracts in 24 hours. That’s almost one billion traded contracts per hour!

Since launching the testnet, we’ve also been continually testing and improving the ladder, which can now redraw itself much more efficiently, even during times of high volatility.

We started out on testnet with just a single market – BTCUSD futures with a five-dollar tick. Since opening on mainnet, we’ve added BTCUSD with a one-dollar tick, along with ETHUSD and XRPUSD. We recently launched our Digitex Forex markets with EURUSD and USDJPY pairs, all accessible via the same high-performance trading engine and the intuitive one-click ladder interface.

And, of course, zero fees – forever.

The Transition to Digitex City (Beta)

Over the last months, we’ve been developing and refining the Digitex Futures exchange transition to Digitex City. Within the next few weeks, we will be running no fewer than twenty markets across our futures, forex, and spot offerings.

Having identified that the DGTX token volatility is creating issues in onboarding new users, we’re also set to launch the Digitex stable token – DUSD. Backed by DGTX tokens, the launch of DUSD will provide a stable medium of trading while creating unprecedented demand for DGTX to ensure a constant supply of DUSD on the market.

Traders on the Digitex Exchange will also be able to earn minute-by-minute Liquidity Mining rewards simply by placing market-making orders. What’s more, our user-programmable bots will mean you can do this even in your sleep.

This is a unique offering on the market. Other exchanges use a portion of the fees they charge to pay a few big market makers. In contrast, Digitex aims to attract hundreds of smaller market makers who’ll take advantage of our user-programmable bots to earn rewards via Liquidity Mining. It’s all part of our mission to operate in the interests of our users.

In two weeks, we’ll launch the Digitex Spot markets, and from early 2021, we’ll be partnering up with trending projects for listing on our exchange. The Digitex Connect platform also provides them with the opportunity to reach a broader base of new users, making listing with us an attractive proposition.

Of course, all this is alongside our new Digitex Play platform, offering gamers the opportunity to participate in online poker, esports betting, and other gambling games.

The Zero-Fee Model Works

Digitex City is the natural evolution of the Digitex Exchange. In launching a zero-commission futures exchange, we’ve proven that this business model works in practice. However, our ultimate aim has always been to drive demand and value for the DGTX token. Adapting this model to new markets will help us to create further demand.

We’ve also created a highly engaged community around the Digitex platform. With this in mind, we’re delighted to provide a dedicated social platform where crypto fans from all corners of the globe can come to connect with like-minded people, follow their other favorite projects, and keep up with all the latest developments and trends in the crypto space.

Digitex City (Beta) Needs You

Just like Rome, Digitex City wasn’t built in a day. Some parts of the platform have now been several months in development. But in many ways, the last year has seen us come full circle. Just as we sought out the community’s support in testing the Digitex Exchange in December 2019, we will need your help once again in December 2020. Once we launch, there will be plenty of work ahead to make sure we’ve identified and weeded out any bugs and glitches, to ensure that new users have the smoothest possible experience. We know we can rely on you.

And finally, speaking of reliable collaborators, you have to give a big shout out to our incredible development partners SmartDec. Since May 2019, they’ve been with us on every step of the journey, always willing to overcome obstacles as one team and helping to bring Adam’s vision to life.

So today, on the anniversary of one of our biggest milestones, we are thankful to have come this far and excited for what the future will bring with Digitex City. Thank you to everyone for sticking with us this far, and there’s plenty more still to come.

November 30, 2020
Digitex Futures

Celebrating One Year Since Testnet Launch – Look How Far We’ve Come

Digitex Futures
testnet launch

It’s hard to believe, but an entire year has flown by since we launched our public testnet at the end of November last year. Today marks the one-year anniversary, so today, we’re looking back and reflecting on how far Digitex has come since we achieved that major milestone.

As with any tech startup attempting to innovate on existing paradigms, the Digitex journey has always been a rollercoaster ride. The past year has been no different. Nevertheless, CEO Adam was determined from the outset that he would deliver on his promise to launch a zero-fee futures exchange. And deliver, he did.

Since launching the testnet, the Digitex Exchange has been in a state of continuous iteration and improvement as we seek to ensure that we’re providing one of the best trading experiences on the market. Thanks to our loyal community’s unerring commitment, we’ve been able to rely on honest and meaningful feedback that helps us keep improving. Here are just a few of the achievements we’ve made in the year since the testnet launched.

A Unique Crypto Trading Platform

The Digitex Exchange has one of the most robust trading engines out there. Back in January, we ran a contest on the testnet, which hit a record of 22 billion traded contracts in 24 hours. That’s almost one billion traded contracts per hour!

Since launching the testnet, we’ve also been continually testing and improving the ladder, which can now redraw itself much more efficiently, even during times of high volatility.

We started out on testnet with just a single market – BTCUSD futures with a five-dollar tick. Since opening on mainnet, we’ve added BTCUSD with a one-dollar tick, along with ETHUSD and XRPUSD. We recently launched our Digitex Forex markets with EURUSD and USDJPY pairs, all accessible via the same high-performance trading engine and the intuitive one-click ladder interface.

And, of course, zero fees – forever.

The Transition to Digitex City (Beta)

Over the last months, we’ve been developing and refining the Digitex Futures exchange transition to Digitex City. Within the next few weeks, we will be running no fewer than twenty markets across our futures, forex, and spot offerings.

Having identified that the DGTX token volatility is creating issues in onboarding new users, we’re also set to launch the Digitex stable token – DUSD. Backed by DGTX tokens, the launch of DUSD will provide a stable medium of trading while creating unprecedented demand for DGTX to ensure a constant supply of DUSD on the market.

Traders on the Digitex Exchange will also be able to earn minute-by-minute Liquidity Mining rewards simply by placing market-making orders. What’s more, our user-programmable bots will mean you can do this even in your sleep.

This is a unique offering on the market. Other exchanges use a portion of the fees they charge to pay a few big market makers. In contrast, Digitex aims to attract hundreds of smaller market makers who’ll take advantage of our user-programmable bots to earn rewards via Liquidity Mining. It’s all part of our mission to operate in the interests of our users.

In two weeks, we’ll launch the Digitex Spot markets, and from early 2021, we’ll be partnering up with trending projects for listing on our exchange. The Digitex Connect platform also provides them with the opportunity to reach a broader base of new users, making listing with us an attractive proposition.

Of course, all this is alongside our new Digitex Play platform, offering gamers the opportunity to participate in online poker, esports betting, and other gambling games.

The Zero-Fee Model Works

Digitex City is the natural evolution of the Digitex Exchange. In launching a zero-commission futures exchange, we’ve proven that this business model works in practice. However, our ultimate aim has always been to drive demand and value for the DGTX token. Adapting this model to new markets will help us to create further demand.

We’ve also created a highly engaged community around the Digitex platform. With this in mind, we’re delighted to provide a dedicated social platform where crypto fans from all corners of the globe can come to connect with like-minded people, follow their other favorite projects, and keep up with all the latest developments and trends in the crypto space.

Digitex City (Beta) Needs You

Just like Rome, Digitex City wasn’t built in a day. Some parts of the platform have now been several months in development. But in many ways, the last year has seen us come full circle. Just as we sought out the community’s support in testing the Digitex Exchange in December 2019, we will need your help once again in December 2020. Once we launch, there will be plenty of work ahead to make sure we’ve identified and weeded out any bugs and glitches, to ensure that new users have the smoothest possible experience. We know we can rely on you.

And finally, speaking of reliable collaborators, you have to give a big shout out to our incredible development partners SmartDec. Since May 2019, they’ve been with us on every step of the journey, always willing to overcome obstacles as one team and helping to bring Adam’s vision to life.

So today, on the anniversary of one of our biggest milestones, we are thankful to have come this far and excited for what the future will bring with Digitex City. Thank you to everyone for sticking with us this far, and there’s plenty more still to come.

Latest News

DUSD

The DUSD Stablecoin Takeover — How It’ll Work

Digitex Futures
• Digitex Futures
November 27, 2020

Heads up, Digitex community! The DUSD is getting ready to officially take over as the native currency of Digitex City in just two weeks. It will be used for trading on the exchange and for taking part in the other various initiatives in Digitex City, such as buying DUSD bonds, purchasing advertising on the social media platform, and playing games in the ‘Play’ area.

Just a reminder, DUSDs are ERC-20 stablecoins with a value pegged at $1 USD, collateralized by DGTX tokens. Let’s take a look at the main implications of the takeover and how it will work in practice.

Native Currency of Digitex City

DUSD will be the new native currency of the futures and forex markets, and the spot market will be traded with DUSD/crypto pairs. Digitex City’s new commission-free spot market will open with just a few markets to kick it off, and then, in the new year, we will be aggressively bringing on many new, trending altcoins for our users. See below for the initial markets you can trade commission-free from December 15.

The DUSD Stablecoin Takeover — How It'll Work 7

There will be a total of 20 markets at start for which we need to generate as much liquidity as possible. Therefore, we’re asking all our current users to take an active part in creating DUSDs and providing liquidity to these markets. 

The benefit of everyone participating in DUSD creation will be a huge influx of demand for the DGTX token–plus, you’ll earn attractive rewards for doing so–a win-win situation for all! 

Increased Demand for DGTX

As you can see, the new DUSD economy will stimulate an influx of demand for the DGTX token because we’re kicking off Digitex City with a 10:1 value needed to create DUSD. This will generate buying pressure for DGTX at the same time as constricting its supply and ensuring that we get the necessary liquidity for all markets.

Buying DUSD with a Credit Card

Beyond all its new-found utilities within the platform, don’t forget that users can also buy DUSD quickly and easily with credit card payments. This will make onboarding new users to the exchange much simpler and greatly amplify demand for Digitex City’s products and services. It will also serve as another means of increasing demand for DGTX as all the fiat funds we receive from these payments will be converted into crypto and then used to buy DUSD tokens on our spot markets.

Friends can also send each other DUSD in the ‘Connect’ area instantly, with zero transaction fees. This feature will be available in the new year, and we’ll be sharing more details on this in the coming days.

How Will DUSD Be Created?

DUSD will be created by our community members (traders & holders), who wish to make a generous passive income and make their DGTX work for them. Our DUSD Creation program will pay users handsome rewards for keeping DGTX tokens locked up as collateral to keep the DUSD pegged at $1.

Digitex City Isn’t Just for Traders

Trading certainly isn’t easy, especially with the wild volatility in cryptocurrency markets, and many beginners get burned. However, with the decreasing yield on their savings in a bank and the growing popularity of DeFi, holders are eager to make their money work for them. We see a huge opportunity in offering this demographic ample money-making opportunities through our various rewards programs that are less risky than trading, passive in nature, and offer extremely generous APYs.

With our expansion to Digitex City, Digitex will no longer be a place for traders only. It opens us up to a far wider audience who will discover a myriad of ways to make money with crypto–or rather, to make their crypto work for them. Because at the end of the day, this is what crypto is all about.

Millions of people dream about having the freedom to work from home at their own pace and make good money doing so. And this is what the Digitex brand has always been about–helping people to achieve financial freedom, and creating more winners at the same time. 

Digitex City will become the go-to place to do this. Fueled by DUSD, and powered by DGTX, the two tokens will have a symbiotic relationship. But the DUSD will become the new face of Digitex – liquid, stable, and powered by DGTX.

November 27, 2020
Digitex Futures

The DUSD Stablecoin Takeover — How It’ll Work

Digitex Futures
DUSD

Heads up, Digitex community! The DUSD is getting ready to officially take over as the native currency of Digitex City in just two weeks. It will be used for trading on the exchange and for taking part in the other various initiatives in Digitex City, such as buying DUSD bonds, purchasing advertising on the social media platform, and playing games in the ‘Play’ area.

Just a reminder, DUSDs are ERC-20 stablecoins with a value pegged at $1 USD, collateralized by DGTX tokens. Let’s take a look at the main implications of the takeover and how it will work in practice.

Native Currency of Digitex City

DUSD will be the new native currency of the futures and forex markets, and the spot market will be traded with DUSD/crypto pairs. Digitex City’s new commission-free spot market will open with just a few markets to kick it off, and then, in the new year, we will be aggressively bringing on many new, trending altcoins for our users. See below for the initial markets you can trade commission-free from December 15.

The DUSD Stablecoin Takeover — How It'll Work 8

There will be a total of 20 markets at start for which we need to generate as much liquidity as possible. Therefore, we’re asking all our current users to take an active part in creating DUSDs and providing liquidity to these markets. 

The benefit of everyone participating in DUSD creation will be a huge influx of demand for the DGTX token–plus, you’ll earn attractive rewards for doing so–a win-win situation for all! 

Increased Demand for DGTX

As you can see, the new DUSD economy will stimulate an influx of demand for the DGTX token because we’re kicking off Digitex City with a 10:1 value needed to create DUSD. This will generate buying pressure for DGTX at the same time as constricting its supply and ensuring that we get the necessary liquidity for all markets.

Buying DUSD with a Credit Card

Beyond all its new-found utilities within the platform, don’t forget that users can also buy DUSD quickly and easily with credit card payments. This will make onboarding new users to the exchange much simpler and greatly amplify demand for Digitex City’s products and services. It will also serve as another means of increasing demand for DGTX as all the fiat funds we receive from these payments will be converted into crypto and then used to buy DUSD tokens on our spot markets.

Friends can also send each other DUSD in the ‘Connect’ area instantly, with zero transaction fees. This feature will be available in the new year, and we’ll be sharing more details on this in the coming days.

How Will DUSD Be Created?

DUSD will be created by our community members (traders & holders), who wish to make a generous passive income and make their DGTX work for them. Our DUSD Creation program will pay users handsome rewards for keeping DGTX tokens locked up as collateral to keep the DUSD pegged at $1.

Digitex City Isn’t Just for Traders

Trading certainly isn’t easy, especially with the wild volatility in cryptocurrency markets, and many beginners get burned. However, with the decreasing yield on their savings in a bank and the growing popularity of DeFi, holders are eager to make their money work for them. We see a huge opportunity in offering this demographic ample money-making opportunities through our various rewards programs that are less risky than trading, passive in nature, and offer extremely generous APYs.

With our expansion to Digitex City, Digitex will no longer be a place for traders only. It opens us up to a far wider audience who will discover a myriad of ways to make money with crypto–or rather, to make their crypto work for them. Because at the end of the day, this is what crypto is all about.

Millions of people dream about having the freedom to work from home at their own pace and make good money doing so. And this is what the Digitex brand has always been about–helping people to achieve financial freedom, and creating more winners at the same time. 

Digitex City will become the go-to place to do this. Fueled by DUSD, and powered by DGTX, the two tokens will have a symbiotic relationship. But the DUSD will become the new face of Digitex – liquid, stable, and powered by DGTX.

Latest News

All the Rewards and Their APYs Coming to Digitex City 9

All the Rewards and Their APYs Coming to Digitex City

Digitex Futures
• Digitex Futures
November 26, 2020

We’re nearing December and, as you know, that means that our expansion to Digitex City is almost upon us. We will soon be opening up a brand-new platform that will accommodate a much broader audience from crypto traders to enthusiasts, investors to speculators. Digitex City is a platform designed for users to make money in a number of different ways. Whether they want to trade, stake, or bet their cryptocurrency; they can make their money work for them in the manner of their choosing.

With the rise of DeFi this year in tandem with global macro factors making keeping money in fiat currency an extremely unattractive option right now, staking, in particular, will be an extremely popular outlet for users who are increasingly looking for more passive, low-risk investment opportunities. 

In Digitex City, users will discover many opportunities to invest their crypto for a high-paying APY. Let’s take a look at all the rewards programs available along with their APYs coming to Digitex City.

All the Rewards and Their APYs Coming to Digitex City 10

DGTX Pool Rewards – Currently 80% APY

Kickstarting our staking initiatives, the DGTX Rewards Program is already live on DigitexCity.com. Participants can earn daily rewards in return for adding on-chain liquidity to our decentralized markets. All you have to do is deposit an equal value of DGTX and ETH into our liquidity pool on Uniswap to create pool tokens to place in your DGTX Rewards wallet.

To incentivize on-chain liquidity for DGTX and to attract more participants to the program, Digitex is dedicating a massive 5 million DGTX to this program per month. Liquidity on our market on Uniswap is already extremely high at around $1.5 million in the first few days alone making it easy to buy and sell large amounts of DGTX–and there will be more DEXs coming soon, so watch this space!

Liquidity Mining Rewards – Up to 150% APY

Through our Liquidity Mining initiative, traders can earn rewards by market-making on our spot, futures, and forex markets. You can either choose to trade manually or trade 24/7 using our easily configurable market maker bots that require no programming skills at all. 

Liquidity mining rewards are paid out every minute according to your level of activity in the order book. Not only is this an exceptional way of making consistent profits and ensuring deep liquidity and tight bid-ask spreads but it also allows the Digitex exchange to remain free of professional market makers that require preferential treatment. 

DUSD Creation Rewards – Up to 150% APY

Another awesome way of earning rewards and stacking up profits is by creating DUSD, the stablecoin that will fuel the entire Digitex City economy. The DUSD Creation Rewards program incentivizes people to lock away their DGTX as collateral for creating DUSD. DUSD tokens can only be created by locking away a 10x greater value of DGTX (which will gradually come down to 5x), and you receive a daily interest payment on the amount of that DGTX collateral. 

Beyond rewarding participants with an incredibly generous APY, staking DGTX to create DUSD also serves to constrict its supply. With reduced supply and increased demand, DGTX will soon reflect its true value as a utility token and long-term hold.

DUSD Bonds – Up to 100% APY

Through this exciting new program, you can earn daily DGTX rewards by buying Digitex Bonds using DUSD tokens. We’ll be posting more information about this new initiative soon but essentially, Digitex Bonds are denominated in DUSD and are freely traded after they have been issued, with a coupon that pays out a fixed number of DGTX every day. With an APY of up to 100%, this is another unrivaled opportunity to cash in on high returns when Digitex City opens its doors.

Wrapping It Up

We hope that you’re as excited about all these money-making opportunities as we are. Keep in mind that when the doors first open, Digitex City will require an extra “push” to get everything kickstarted! So, all these programs will be paying out at the highest rates to the users as there won’t be so many people participating in them in the beginning. This means that the earlier you get in, the more money you can make.

We’ll be releasing videos very soon showing you step by step instructions on how to take advantage of these programs and make a lucrative passive income, so, watch this space! And if you have any questions in the meantime, be sure to let us know through all the usual channels.

November 26, 2020
Digitex Futures

All the Rewards and Their APYs Coming to Digitex City

Digitex Futures
All the Rewards and Their APYs Coming to Digitex City 11

We’re nearing December and, as you know, that means that our expansion to Digitex City is almost upon us. We will soon be opening up a brand-new platform that will accommodate a much broader audience from crypto traders to enthusiasts, investors to speculators. Digitex City is a platform designed for users to make money in a number of different ways. Whether they want to trade, stake, or bet their cryptocurrency; they can make their money work for them in the manner of their choosing.

With the rise of DeFi this year in tandem with global macro factors making keeping money in fiat currency an extremely unattractive option right now, staking, in particular, will be an extremely popular outlet for users who are increasingly looking for more passive, low-risk investment opportunities. 

In Digitex City, users will discover many opportunities to invest their crypto for a high-paying APY. Let’s take a look at all the rewards programs available along with their APYs coming to Digitex City.

All the Rewards and Their APYs Coming to Digitex City 12

DGTX Pool Rewards – Currently 80% APY

Kickstarting our staking initiatives, the DGTX Rewards Program is already live on DigitexCity.com. Participants can earn daily rewards in return for adding on-chain liquidity to our decentralized markets. All you have to do is deposit an equal value of DGTX and ETH into our liquidity pool on Uniswap to create pool tokens to place in your DGTX Rewards wallet.

To incentivize on-chain liquidity for DGTX and to attract more participants to the program, Digitex is dedicating a massive 5 million DGTX to this program per month. Liquidity on our market on Uniswap is already extremely high at around $1.5 million in the first few days alone making it easy to buy and sell large amounts of DGTX–and there will be more DEXs coming soon, so watch this space!

Liquidity Mining Rewards – Up to 150% APY

Through our Liquidity Mining initiative, traders can earn rewards by market-making on our spot, futures, and forex markets. You can either choose to trade manually or trade 24/7 using our easily configurable market maker bots that require no programming skills at all. 

Liquidity mining rewards are paid out every minute according to your level of activity in the order book. Not only is this an exceptional way of making consistent profits and ensuring deep liquidity and tight bid-ask spreads but it also allows the Digitex exchange to remain free of professional market makers that require preferential treatment. 

DUSD Creation Rewards – Up to 150% APY

Another awesome way of earning rewards and stacking up profits is by creating DUSD, the stablecoin that will fuel the entire Digitex City economy. The DUSD Creation Rewards program incentivizes people to lock away their DGTX as collateral for creating DUSD. DUSD tokens can only be created by locking away a 10x greater value of DGTX (which will gradually come down to 5x), and you receive a daily interest payment on the amount of that DGTX collateral. 

Beyond rewarding participants with an incredibly generous APY, staking DGTX to create DUSD also serves to constrict its supply. With reduced supply and increased demand, DGTX will soon reflect its true value as a utility token and long-term hold.

DUSD Bonds – Up to 100% APY

Through this exciting new program, you can earn daily DGTX rewards by buying Digitex Bonds using DUSD tokens. We’ll be posting more information about this new initiative soon but essentially, Digitex Bonds are denominated in DUSD and are freely traded after they have been issued, with a coupon that pays out a fixed number of DGTX every day. With an APY of up to 100%, this is another unrivaled opportunity to cash in on high returns when Digitex City opens its doors.

Wrapping It Up

We hope that you’re as excited about all these money-making opportunities as we are. Keep in mind that when the doors first open, Digitex City will require an extra “push” to get everything kickstarted! So, all these programs will be paying out at the highest rates to the users as there won’t be so many people participating in them in the beginning. This means that the earlier you get in, the more money you can make.

We’ll be releasing videos very soon showing you step by step instructions on how to take advantage of these programs and make a lucrative passive income, so, watch this space! And if you have any questions in the meantime, be sure to let us know through all the usual channels.

Latest News

Digitex Exchange

10 Reasons It’s Easier to Profit on the Digitex Exchange 

Digitex Futures
• Digitex Futures
November 25, 2020

Whether you’ve been following our project for a while now or you’re new to Digitex, the key thing you should know is that making money on our exchange is easier than on any other platform. As the only commission-free futures exchange operating with a native token, Digitex enables highly aggressive short-term trading strategies such as scalping that are simply impossible anywhere else in the space. Check out these 10 features that make Digitex uniquely better than the rest–and easier to make consistent profits.

1. One-Click Trade Submission

While Digitex’s secret sauce lies in the removal of commission fees, its one-click trading ladder interface adds to its unique value proposition. Widely used in traditional futures trading, Digitex is showing the crypto space just how much easier trading can be when you reduce the number of keystrokes and mouse movements. 

When you’re looking to capitalize on the smallest of fluctuations in price and time is of the essence, the trading ladder allows for rapid-fire submission and speed of execution, guaranteeing you place more trades and maximize profits. 

Not only that but traders can actually visualize the price action, get in the zone, smash bids and lift asks because there are no taker fees. This means that they can get out of losing positions simply by hitting other people’s bids or asks without worrying about taker fees. This factor alone is a game-changing aspect and the difference between winning and losing.

2. Unlimited Scalping Opportunities

With zero commissions, the Digitex exchange offers unlimited scalping opportunities that allow disciplined traders to rack up multiple small profits over time. This is particularly key when the markets are frothy and volatility is higher than usual. 

With the constant leaps and pullbacks going on in BTC and ETH right now, there are literally endless chances to make single-tick profits on Digitex throughout the day. It’s 24/7 uninterrupted going up and down. 

Remember, on any other exchange in the industry, this type of trading simply isn’t worth it–after you’ve paid out commissions on your profits, you may even see winning trades turn into losing ones!

3. Cashing Out Is Easier Than Ever

It’s easier than ever before to cash out now that DGTX has been listed on Uniswap, the world’s largest decentralized exchange. Our market there now has an order book worth $1.5 million of DGTX and ETH, making it very easy to buy and sell large amounts of DGTX. This makes it more attractive to bigger traders knowing that they can easily make profits and come in and out quickly.

4. The DUSD Stablecoin Is Landing Soon

For traders who prefer to trade with bigger amounts and take out larger positions, the volatility in DGTX price may currently be a barrier. However, this issue is about to be removed with the launch of the DUSD stablecoin next month. In just two weeks’ time, the DUSD will officially take over as the new native currency of the Digitex exchange, completely removing the price volatility problem… making that trading experience even better, and opening the doors to more traders.

5. Digitex Was Designed by a Pro Trader

Unlike the myriad of other exchanges on the market that have frankly intolerable user interfaces and were designed with the only goal of taking profits from their users, the Digitex exchange has been designed by a pro trader. Not only is the user experience high-octane fast-paced and utterly intuitive but traders have a fair chance of winning as there is no house edge working against them. Zero fees make Digitex unlike any other futures exchange out there and create a truly level playing field for the very first time. 

6. Liquidity Mining Programs

The very best part of growing our user base is the fact that it’s the users themselves that are incentivized to create liquidity on all our markets through our liquidity mining programs. Traders get rewards in return for expending resources and creating liquidity on our markets.

These rewards will guarantee that we achieve the liquidity needed to have busy and attractive markets out of the gate while allowing users to rack up consistent profit. We can also keep the exchange free from professional market makers benefiting from preferential practices, allowing Digitex to maintain a level playing field for all.

7. Trade 24/7 with User-Programmable Bots

Not only will we be rewarding users by the minute for lending liquidity, but they can also take maximum advantage of this and set our user-programmable bots to run 24/7 to provide liquidity to all the markets. They can also maximize their trading strategies and profits with easy-to-use configurable bots that trade around the clock.

8. Network Effect Is Coming Soon

To the traders who trade on Digitex daily and know how good it is (we see you bragging about your winnings on Telegram!), we know you’re wondering why the rest of the trading world still hasn’t uncovered this gem of an exchange. Fear not, these things take time. 

With so many massive plans ahead and the expansion to Digitex City, network effect is coming soon. In the meantime, you can take advantage of mad liquidity on the exchange through our frequent market maker losses campaigns, currently happening on our forex markets this week.

9. We’re Approaching Our 1-Year Anniversary Since Testnet

They say that time flies when you’re having fun and we know how much you’ve been enjoying trading on the platform! Can you believe that we’re already approaching our one-year anniversary since the launch of our testnet? Today, we’re steadily adding new markets and growing our userbase (which is happily raking in daily profits). Just think about where we’ll be this time next year!

10. The Expansion to Digitex City

From December 15, 2020, we will be expanding to Digitex City. Not only will this include our flagship futures exchange and no-spread forex but we’ll be unloading our zero-fee spot market which will list lots of trending cryptocurrencies, as well as plenty of other ways to make money beyond trading. This will serve to bring in more and more users to the exchange making markets more liquid and raising the demand for the DGTX token.

Closing Thoughts

You can see for yourself that Digitex is truly unique in the space and brings so much more to the table than your run-of-the-mill fee-charging exchange. Now that the markets are soaring and volatility is high, it’s the best possible time to scalp trade on Digitex and accumulate gains on even the smallest movements–while keeping 100% of your profits. With the launch of our DUSD stablecoin just around the corner, you’ll be able to trade comfortably with even larger amounts and zero volatility, making consistent profit on the only exchange built with no house edge working against you.

November 25, 2020
Digitex Futures

10 Reasons It’s Easier to Profit on the Digitex Exchange 

Digitex Futures
Digitex Exchange

Whether you’ve been following our project for a while now or you’re new to Digitex, the key thing you should know is that making money on our exchange is easier than on any other platform. As the only commission-free futures exchange operating with a native token, Digitex enables highly aggressive short-term trading strategies such as scalping that are simply impossible anywhere else in the space. Check out these 10 features that make Digitex uniquely better than the rest–and easier to make consistent profits.

1. One-Click Trade Submission

While Digitex’s secret sauce lies in the removal of commission fees, its one-click trading ladder interface adds to its unique value proposition. Widely used in traditional futures trading, Digitex is showing the crypto space just how much easier trading can be when you reduce the number of keystrokes and mouse movements. 

When you’re looking to capitalize on the smallest of fluctuations in price and time is of the essence, the trading ladder allows for rapid-fire submission and speed of execution, guaranteeing you place more trades and maximize profits. 

Not only that but traders can actually visualize the price action, get in the zone, smash bids and lift asks because there are no taker fees. This means that they can get out of losing positions simply by hitting other people’s bids or asks without worrying about taker fees. This factor alone is a game-changing aspect and the difference between winning and losing.

2. Unlimited Scalping Opportunities

With zero commissions, the Digitex exchange offers unlimited scalping opportunities that allow disciplined traders to rack up multiple small profits over time. This is particularly key when the markets are frothy and volatility is higher than usual. 

With the constant leaps and pullbacks going on in BTC and ETH right now, there are literally endless chances to make single-tick profits on Digitex throughout the day. It’s 24/7 uninterrupted going up and down. 

Remember, on any other exchange in the industry, this type of trading simply isn’t worth it–after you’ve paid out commissions on your profits, you may even see winning trades turn into losing ones!

3. Cashing Out Is Easier Than Ever

It’s easier than ever before to cash out now that DGTX has been listed on Uniswap, the world’s largest decentralized exchange. Our market there now has an order book worth $1.5 million of DGTX and ETH, making it very easy to buy and sell large amounts of DGTX. This makes it more attractive to bigger traders knowing that they can easily make profits and come in and out quickly.

4. The DUSD Stablecoin Is Landing Soon

For traders who prefer to trade with bigger amounts and take out larger positions, the volatility in DGTX price may currently be a barrier. However, this issue is about to be removed with the launch of the DUSD stablecoin next month. In just two weeks’ time, the DUSD will officially take over as the new native currency of the Digitex exchange, completely removing the price volatility problem… making that trading experience even better, and opening the doors to more traders.

5. Digitex Was Designed by a Pro Trader

Unlike the myriad of other exchanges on the market that have frankly intolerable user interfaces and were designed with the only goal of taking profits from their users, the Digitex exchange has been designed by a pro trader. Not only is the user experience high-octane fast-paced and utterly intuitive but traders have a fair chance of winning as there is no house edge working against them. Zero fees make Digitex unlike any other futures exchange out there and create a truly level playing field for the very first time. 

6. Liquidity Mining Programs

The very best part of growing our user base is the fact that it’s the users themselves that are incentivized to create liquidity on all our markets through our liquidity mining programs. Traders get rewards in return for expending resources and creating liquidity on our markets.

These rewards will guarantee that we achieve the liquidity needed to have busy and attractive markets out of the gate while allowing users to rack up consistent profit. We can also keep the exchange free from professional market makers benefiting from preferential practices, allowing Digitex to maintain a level playing field for all.

7. Trade 24/7 with User-Programmable Bots

Not only will we be rewarding users by the minute for lending liquidity, but they can also take maximum advantage of this and set our user-programmable bots to run 24/7 to provide liquidity to all the markets. They can also maximize their trading strategies and profits with easy-to-use configurable bots that trade around the clock.

8. Network Effect Is Coming Soon

To the traders who trade on Digitex daily and know how good it is (we see you bragging about your winnings on Telegram!), we know you’re wondering why the rest of the trading world still hasn’t uncovered this gem of an exchange. Fear not, these things take time. 

With so many massive plans ahead and the expansion to Digitex City, network effect is coming soon. In the meantime, you can take advantage of mad liquidity on the exchange through our frequent market maker losses campaigns, currently happening on our forex markets this week.

9. We’re Approaching Our 1-Year Anniversary Since Testnet

They say that time flies when you’re having fun and we know how much you’ve been enjoying trading on the platform! Can you believe that we’re already approaching our one-year anniversary since the launch of our testnet? Today, we’re steadily adding new markets and growing our userbase (which is happily raking in daily profits). Just think about where we’ll be this time next year!

10. The Expansion to Digitex City

From December 15, 2020, we will be expanding to Digitex City. Not only will this include our flagship futures exchange and no-spread forex but we’ll be unloading our zero-fee spot market which will list lots of trending cryptocurrencies, as well as plenty of other ways to make money beyond trading. This will serve to bring in more and more users to the exchange making markets more liquid and raising the demand for the DGTX token.

Closing Thoughts

You can see for yourself that Digitex is truly unique in the space and brings so much more to the table than your run-of-the-mill fee-charging exchange. Now that the markets are soaring and volatility is high, it’s the best possible time to scalp trade on Digitex and accumulate gains on even the smallest movements–while keeping 100% of your profits. With the launch of our DUSD stablecoin just around the corner, you’ll be able to trade comfortably with even larger amounts and zero volatility, making consistent profit on the only exchange built with no house edge working against you.

Latest News

btc and eth

BTC and ETH Are on a Tear! What’s Driving the Rally?

Digitex Futures
• Digitex Futures
November 24, 2020

2020 may have had its ups and downs but as we enter the final stages, excitement is growing in the crypto space as BTC and ETH continue their exciting tear. As the number-one cryptocurrency pierces the $19K mark for the first time since 2017 and ETH registers a YTD performance of more than 365%, what’s driving this impressive rally and, more importantly, is it set to continue? 

Bitcoin’s Eventful 2020

Remember back in March this year when the stock markets collapsed in the face of the pandemic and BTC nosedived to the $3K range? Dark times indeed. The naysayers spoke of how bitcoin had lost its “digital gold” status. Many analysts pointed out that it was more correlated to the stock market than we previously thought. And plenty of others wondered how BTC would hold up if prices languished so low ahead of the halving.

But what we’ve seen this year from bitcoin is really just the crypto asset responding in exactly the types of market conditions it was created for. Not only did it show remarkable price resilience as the economic fallout and uncertainty from the pandemic continued but its supply getting scarcer at a time when central banks’ money printing is way beyond control creates the perfect stage for bitcoin.

People are beginning to question money creation for the first time and understand that injecting trillions of dollars into the system inevitably means that they are being taxed through rising prices and eventual inflation.

Against this backdrop, we began to see widespread institutional acceptance and buy-in from veteran traders and macro investors who finally recognized bitcoin’s worth. We saw the fundamentals improve, the hash rate increase, the infrastructure continue to be built out, behemoth players like Paypal offering crypto payment services, and publicly traded companies like Microstrategy and Square adding BTC to their balance sheets. 

And the price started to breakout.

Factors Pushing Up BTC Price Right Now

BTC and ETH Are on a Tear! What's Driving the Rally? 13

It almost seems inevitable then that bitcoin would continue to climb against the backdrop of struggling fiat currency and increasing and widespread adoption. 

According to quant trader Sam Trabucco referenced in Cointelegraph, beyond this increased buy-in from institutions and household names, the main factors behind this latest run are a greater accumulation by BTC whales, the inpouring of other crypto assets back into BTC, and the global macro environment. 

For sure, the 2020 bull run is different from 2017. BTC may be knocking on the door of its previous ATH but it’s reached this price point not through retail FOMO. In fact, only just about now are we beginning to see interest in cryptocurrencies reawaken in the general public as the performance of bitcoin captures their imaginations once again. 

More interesting is the trend of whale accumulation of BTC by large market players that don’t immediately sell – signaling that they’re bullish on the market and forming what is known as “whale clusters,” as you can see below from Whalechart.io‘s hourly map of unspent bitcoins. 

BTC and ETH Are on a Tear! What's Driving the Rally? 14

The cooling down of the DeFi movement also saw Bitcoin gaining real legs as many funds that were invested elsewhere started flowing back into bitcoin. That’s a lot of increased funds coming from large players and whales as well as altcoin traders.

We’re seeing more institutional buy-in, legitimization and endorsement from big banks, hedge funds, and tech companies; large participants quickly buying up all the bitcoin dips and holding, and the wider macro market also providing the perfect conditions as investors worried about inflation start moving parts of their portfolios into bitcoin. 

So, will it last? Back in February this year, Digitex asked the question of whether the halving would unleash a new bull market and concluded that, while predictions were impossible to make, it was likely that we would see a significant rally. Moreover, going by past performance in which the post-halving bull run lasted for 15 months, BTC’s price could reach its height between mid-to-late 2021.

What About ETH?

ETH too is putting in a stellar performance. Its market cap may be dwarfed by bitcoin at $68 billion compared to $355 billion but its YTD has run circles around BTC (168% compared to 365%). With ETH price recently piercing $600, Ethereum bulls are buckling up. What’s fueling ETH’s price and will it continue?

Everyone in the crypto space has been captivated by the massive interest in DeFi in 2020. With almost 7 million ETH locked into DeFi’s top protocols and the lion’s share of DeFi’s protocols built on Ethereum, the gaining momentum has certainly been good for its price. Yet, as many DeFi tokens see a cooling off, ETH is on a tear.

BTC and ETH Are on a Tear! What's Driving the Rally? 15

There has been massive speculation in the community about ETH 2.0 and some concern over whether its project launch date for Dec 1 would be postponed again. But with the news coming out just over 12 hours ago that, with only nine hours remaining, Ethereum’s deposit contract had met its threshold of 524,288 Ether, ETH 2.0’s beacon chain genesis is firmly locked for the slated date.

ETH 2.0 isn’t going to be a panacea to DeFi’s problems overnight and it will be gradually rolled out in stages. But its aim to provide scalability and sustainability as it transforms to Proof of Stake (PoS) means that it could one day have a real chance of supporting large scale DeFi applications and banking the unbanked. The outlook for Ethereum long-term is encouraging, even if it may take longer to get there than some would like.

Just like Bitcoin, ETH has also seen a growth in interest from institutions with many banding together to help forward the development of the DeFi space including major names like TD Ameritrade, Arca, and CMT Digita. Arca even achieved approval from the SEC in July to trade an Ethereum-based fund; the first of its kind and a major milestone for the whole industry.

So, will the ETH rally continue? With the official kickoff date for ETH 2.0 reconfirmed, it’s quite possible that ETH price will continue to climb; but whether it will hold interest after the first version comes out remains to be seen. It’s been forewarned on many occasions that ETH 2.0 won’t start off with PoS or a massively high TPS. But many people investing in the hype may be disappointed to find it falling short of what they expected.

That said, if this year’s bull run follows the footsteps of 2016/17, Bitcoin’s gaining protagonism in the media and increased buy-in from all types of traders from institutional to retail will see interest shining on other cryptocurrencies as well. This will serve to buoy ETH’s price and the whole crypto market cap as a rising tide lifts all boats.

Whichever way BTC and ETH go, remember that you can make money trading futures–especially on the Digitex exchange that removes commission fees and allows for highly aggressive trading strategies that let you capitalize on the smallest of price fluctuations. 

Stock up on DGTX now to take advantage of the mad volatility on the top two cryptocurrencies. And don’t forget about the market maker madness event this week on our forex markets creating deep liquidity and tight bid-ask spreads. Happy trading everyone!

November 24, 2020
Digitex Futures

BTC and ETH Are on a Tear! What’s Driving the Rally?

Digitex Futures
btc and eth

2020 may have had its ups and downs but as we enter the final stages, excitement is growing in the crypto space as BTC and ETH continue their exciting tear. As the number-one cryptocurrency pierces the $19K mark for the first time since 2017 and ETH registers a YTD performance of more than 365%, what’s driving this impressive rally and, more importantly, is it set to continue? 

Bitcoin’s Eventful 2020

Remember back in March this year when the stock markets collapsed in the face of the pandemic and BTC nosedived to the $3K range? Dark times indeed. The naysayers spoke of how bitcoin had lost its “digital gold” status. Many analysts pointed out that it was more correlated to the stock market than we previously thought. And plenty of others wondered how BTC would hold up if prices languished so low ahead of the halving.

But what we’ve seen this year from bitcoin is really just the crypto asset responding in exactly the types of market conditions it was created for. Not only did it show remarkable price resilience as the economic fallout and uncertainty from the pandemic continued but its supply getting scarcer at a time when central banks’ money printing is way beyond control creates the perfect stage for bitcoin.

People are beginning to question money creation for the first time and understand that injecting trillions of dollars into the system inevitably means that they are being taxed through rising prices and eventual inflation.

Against this backdrop, we began to see widespread institutional acceptance and buy-in from veteran traders and macro investors who finally recognized bitcoin’s worth. We saw the fundamentals improve, the hash rate increase, the infrastructure continue to be built out, behemoth players like Paypal offering crypto payment services, and publicly traded companies like Microstrategy and Square adding BTC to their balance sheets. 

And the price started to breakout.

Factors Pushing Up BTC Price Right Now

BTC and ETH Are on a Tear! What's Driving the Rally? 16

It almost seems inevitable then that bitcoin would continue to climb against the backdrop of struggling fiat currency and increasing and widespread adoption. 

According to quant trader Sam Trabucco referenced in Cointelegraph, beyond this increased buy-in from institutions and household names, the main factors behind this latest run are a greater accumulation by BTC whales, the inpouring of other crypto assets back into BTC, and the global macro environment. 

For sure, the 2020 bull run is different from 2017. BTC may be knocking on the door of its previous ATH but it’s reached this price point not through retail FOMO. In fact, only just about now are we beginning to see interest in cryptocurrencies reawaken in the general public as the performance of bitcoin captures their imaginations once again. 

More interesting is the trend of whale accumulation of BTC by large market players that don’t immediately sell – signaling that they’re bullish on the market and forming what is known as “whale clusters,” as you can see below from Whalechart.io‘s hourly map of unspent bitcoins. 

BTC and ETH Are on a Tear! What's Driving the Rally? 17

The cooling down of the DeFi movement also saw Bitcoin gaining real legs as many funds that were invested elsewhere started flowing back into bitcoin. That’s a lot of increased funds coming from large players and whales as well as altcoin traders.

We’re seeing more institutional buy-in, legitimization and endorsement from big banks, hedge funds, and tech companies; large participants quickly buying up all the bitcoin dips and holding, and the wider macro market also providing the perfect conditions as investors worried about inflation start moving parts of their portfolios into bitcoin. 

So, will it last? Back in February this year, Digitex asked the question of whether the halving would unleash a new bull market and concluded that, while predictions were impossible to make, it was likely that we would see a significant rally. Moreover, going by past performance in which the post-halving bull run lasted for 15 months, BTC’s price could reach its height between mid-to-late 2021.

What About ETH?

ETH too is putting in a stellar performance. Its market cap may be dwarfed by bitcoin at $68 billion compared to $355 billion but its YTD has run circles around BTC (168% compared to 365%). With ETH price recently piercing $600, Ethereum bulls are buckling up. What’s fueling ETH’s price and will it continue?

Everyone in the crypto space has been captivated by the massive interest in DeFi in 2020. With almost 7 million ETH locked into DeFi’s top protocols and the lion’s share of DeFi’s protocols built on Ethereum, the gaining momentum has certainly been good for its price. Yet, as many DeFi tokens see a cooling off, ETH is on a tear.

BTC and ETH Are on a Tear! What's Driving the Rally? 18

There has been massive speculation in the community about ETH 2.0 and some concern over whether its project launch date for Dec 1 would be postponed again. But with the news coming out just over 12 hours ago that, with only nine hours remaining, Ethereum’s deposit contract had met its threshold of 524,288 Ether, ETH 2.0’s beacon chain genesis is firmly locked for the slated date.

ETH 2.0 isn’t going to be a panacea to DeFi’s problems overnight and it will be gradually rolled out in stages. But its aim to provide scalability and sustainability as it transforms to Proof of Stake (PoS) means that it could one day have a real chance of supporting large scale DeFi applications and banking the unbanked. The outlook for Ethereum long-term is encouraging, even if it may take longer to get there than some would like.

Just like Bitcoin, ETH has also seen a growth in interest from institutions with many banding together to help forward the development of the DeFi space including major names like TD Ameritrade, Arca, and CMT Digita. Arca even achieved approval from the SEC in July to trade an Ethereum-based fund; the first of its kind and a major milestone for the whole industry.

So, will the ETH rally continue? With the official kickoff date for ETH 2.0 reconfirmed, it’s quite possible that ETH price will continue to climb; but whether it will hold interest after the first version comes out remains to be seen. It’s been forewarned on many occasions that ETH 2.0 won’t start off with PoS or a massively high TPS. But many people investing in the hype may be disappointed to find it falling short of what they expected.

That said, if this year’s bull run follows the footsteps of 2016/17, Bitcoin’s gaining protagonism in the media and increased buy-in from all types of traders from institutional to retail will see interest shining on other cryptocurrencies as well. This will serve to buoy ETH’s price and the whole crypto market cap as a rising tide lifts all boats.

Whichever way BTC and ETH go, remember that you can make money trading futures–especially on the Digitex exchange that removes commission fees and allows for highly aggressive trading strategies that let you capitalize on the smallest of price fluctuations. 

Stock up on DGTX now to take advantage of the mad volatility on the top two cryptocurrencies. And don’t forget about the market maker madness event this week on our forex markets creating deep liquidity and tight bid-ask spreads. Happy trading everyone!

Latest News

madness

Digitex Forex: Market Maker MADNESS All Week Long

Digitex Futures
• Digitex Futures
November 23, 2020

It’s set to be another stellar week here at Digitex! Not only do we have two brand-new zero-fee forex markets live on the mainnet (EURUSD and USDJPY) but we’re celebrating their launch with a whole week-long of market maker MADNESS! Not only can you trade forex marketS P2P with no spread and no fees for the first time anywhere, but you’ll be doing it in a highly liquid environment making it almost impossible not to scoop up easy gains!

Ready, Set, Go!

If you haven’t stocked up on DGTX prior to the event, be sure to head on over to the converter or Treasury right now. The Madness will last for four hours each day and will start at 13:00 UTC. As explained on Friday, we’ll be giving away a total of ONE MILLION DGTX this week. That’s 200K each day Monday through Friday split evenly across our two new markets (EURUSD and USDJPY).

For more information about lot size, tick (pip) size, and other specifics, be sure to dive into this post here. This is our big ‘Black Friday’ WEEK event so don’t miss it! You still have time to get into your trading zone and get ready to make major gains on these exciting new markets on the DFE. 

Connect to Our API

And if you’re a bot trader, we’ve got good news for you. You’ll now find our API connectors available in two different programming languages, Python and C Sharp, making it much simpler, easier, and faster to connect to our API and take full advantage of the MADNESS event. You can find the setup details below:

https://github.com/smartdec/DigitexConnectorCSharp

https://github.com/smartdec/digitex-bot-framework

https://github.com/smartdec/DigitexConnectorCSharp/blob/master/README.md

That’s it for today! We hope you enjoy trying your hand out on these new markets in the super liquid high-octane environment provided on the DFE. Let us know what you think through the usual channels. Happy trading!

November 23, 2020
Digitex Futures

Digitex Forex: Market Maker MADNESS All Week Long

Digitex Futures
madness

It’s set to be another stellar week here at Digitex! Not only do we have two brand-new zero-fee forex markets live on the mainnet (EURUSD and USDJPY) but we’re celebrating their launch with a whole week-long of market maker MADNESS! Not only can you trade forex marketS P2P with no spread and no fees for the first time anywhere, but you’ll be doing it in a highly liquid environment making it almost impossible not to scoop up easy gains!

Ready, Set, Go!

If you haven’t stocked up on DGTX prior to the event, be sure to head on over to the converter or Treasury right now. The Madness will last for four hours each day and will start at 13:00 UTC. As explained on Friday, we’ll be giving away a total of ONE MILLION DGTX this week. That’s 200K each day Monday through Friday split evenly across our two new markets (EURUSD and USDJPY).

For more information about lot size, tick (pip) size, and other specifics, be sure to dive into this post here. This is our big ‘Black Friday’ WEEK event so don’t miss it! You still have time to get into your trading zone and get ready to make major gains on these exciting new markets on the DFE. 

Connect to Our API

And if you’re a bot trader, we’ve got good news for you. You’ll now find our API connectors available in two different programming languages, Python and C Sharp, making it much simpler, easier, and faster to connect to our API and take full advantage of the MADNESS event. You can find the setup details below:

https://github.com/smartdec/DigitexConnectorCSharp

https://github.com/smartdec/digitex-bot-framework

https://github.com/smartdec/DigitexConnectorCSharp/blob/master/README.md

That’s it for today! We hope you enjoy trying your hand out on these new markets in the super liquid high-octane environment provided on the DFE. Let us know what you think through the usual channels. Happy trading!

Latest News

mainnet

Forex Is Live on the Mainnet – Plus MADNESS Week Makes a Comeback 

Digitex Futures
• Digitex Futures
November 20, 2020

We’ve been firing on all cylinders lately here at Digitex and there’s more exciting news to come before this week is over! If the successful launch of the DGTX Rewards Program (now with over 23.7 million DGTX and 1,500 ETH staked) wasn’t enough, the system upgrades that we performed this week have allowed us to launch new markets more easily. So, we’re excited to say that we’re kicking off with forex! The first two markets EURUSD and USDJPY are now live on the mainnet and ready for you to trade. Here are all the details.

Digitex Forex Markets

Before you get started, you’ll need to know the following details about the forex markets here on Digitex. Read the information carefully and be sure to let us know if you have any questions. We’re available 24/7 through all the usual channels.

Forex Market Specs

One lot is currently worth 1184 DGTX on the EURUSD market, and here is how you work it out:

The minimum price increment (pip size) is 0.0001 and the value of one pip is 0.1 DGTX. So, for example, the price of the Euro against the US dollar is 1.1841 which is a total of 11841 pips, giving a contract value of 1184 DGTX to buy or sell one lot. If you use 100x leverage, then you only need 11.84 DGTX to buy or sell one lot.

The price of USDJPY is 103.83 and the tick size (pip size) is 0.01 and the pip value is 0.01 DGTX, which gives a lot size of 103.83 DGTX. So, with 100x leverage, you only need 1 DGTX to buy or sell 1 lot.

In the traditional forex industry, you’re trading against the house and therefore, you’re always on the wrong side of the spread. Here at Digitex, you’re trading P2P, with zero fees on any trades and absolutely no edge working against you. This makes trading forex on Digitex unlike any other forex market in the world and gives you a completely level playing field to trade on for the very first time.

With the upcoming launch of Digitex City on December 15, the lot value and the tick (pip) value will soon be denominated in DUSD stablecoin, the new native currency of Digitex. We’ll be letting you know all about the changeover in due course, but for now, all profit and losses will continue to be denominated in DGTX. 

You can get started making gains and keeping hold of all your profits on the Digitex forex markets right now–and there couldn’t be a better time!

Madness Is Back at Digitex

In honor of launching our brand new, zero-fee forex markets, we’re kicking off another round of MADNESS starting on Monday and lasting the whole week. You can trade to win your share of our market maker losses totaling 200,000 DGTX a day. This will be split over two markets, EURUSD and USDJPY, with 100,000 allocated to each market–for a massive total of one million DGTX that will be lost by the market makers.

Don’t miss your chance not only to participate in the fairest forex market on the planet but also to benefit from deep liquidity and easy gains from Monday through Friday, November 23 to November 27 from 13:00 UTC to 17:00 UTC every day. 

API Connectors Are Available for Bot Traders

Last thing, our API connectors are now available. The developers have written the connectors in two different programming languages, Python and C Sharp. These are frameworks that connect to our API, making it much simpler, easier and faster for traders to connect to our API. If you’re a bot trader, you’ll want to take full advantage of this for next week’s MADNESS event. Here are the links to set up your connectors:

https://github.com/smartdec/DigitexConnectorCSharp

https://github.com/smartdec/digitex-bot-framework

https://github.com/smartdec/DigitexConnectorCSharp/blob/master/README.md

The markets are already live now, so check them out and be sure to stock up on DGTX before the event begins. Happy trading everyone!

November 20, 2020
Digitex Futures

Forex Is Live on the Mainnet – Plus MADNESS Week Makes a Comeback 

Digitex Futures
mainnet

We’ve been firing on all cylinders lately here at Digitex and there’s more exciting news to come before this week is over! If the successful launch of the DGTX Rewards Program (now with over 23.7 million DGTX and 1,500 ETH staked) wasn’t enough, the system upgrades that we performed this week have allowed us to launch new markets more easily. So, we’re excited to say that we’re kicking off with forex! The first two markets EURUSD and USDJPY are now live on the mainnet and ready for you to trade. Here are all the details.

Digitex Forex Markets

Before you get started, you’ll need to know the following details about the forex markets here on Digitex. Read the information carefully and be sure to let us know if you have any questions. We’re available 24/7 through all the usual channels.

Forex Market Specs

One lot is currently worth 1184 DGTX on the EURUSD market, and here is how you work it out:

The minimum price increment (pip size) is 0.0001 and the value of one pip is 0.1 DGTX. So, for example, the price of the Euro against the US dollar is 1.1841 which is a total of 11841 pips, giving a contract value of 1184 DGTX to buy or sell one lot. If you use 100x leverage, then you only need 11.84 DGTX to buy or sell one lot.

The price of USDJPY is 103.83 and the tick size (pip size) is 0.01 and the pip value is 0.01 DGTX, which gives a lot size of 103.83 DGTX. So, with 100x leverage, you only need 1 DGTX to buy or sell 1 lot.

In the traditional forex industry, you’re trading against the house and therefore, you’re always on the wrong side of the spread. Here at Digitex, you’re trading P2P, with zero fees on any trades and absolutely no edge working against you. This makes trading forex on Digitex unlike any other forex market in the world and gives you a completely level playing field to trade on for the very first time.

With the upcoming launch of Digitex City on December 15, the lot value and the tick (pip) value will soon be denominated in DUSD stablecoin, the new native currency of Digitex. We’ll be letting you know all about the changeover in due course, but for now, all profit and losses will continue to be denominated in DGTX. 

You can get started making gains and keeping hold of all your profits on the Digitex forex markets right now–and there couldn’t be a better time!

Madness Is Back at Digitex

In honor of launching our brand new, zero-fee forex markets, we’re kicking off another round of MADNESS starting on Monday and lasting the whole week. You can trade to win your share of our market maker losses totaling 200,000 DGTX a day. This will be split over two markets, EURUSD and USDJPY, with 100,000 allocated to each market–for a massive total of one million DGTX that will be lost by the market makers.

Don’t miss your chance not only to participate in the fairest forex market on the planet but also to benefit from deep liquidity and easy gains from Monday through Friday, November 23 to November 27 from 13:00 UTC to 17:00 UTC every day. 

API Connectors Are Available for Bot Traders

Last thing, our API connectors are now available. The developers have written the connectors in two different programming languages, Python and C Sharp. These are frameworks that connect to our API, making it much simpler, easier and faster for traders to connect to our API. If you’re a bot trader, you’ll want to take full advantage of this for next week’s MADNESS event. Here are the links to set up your connectors:

https://github.com/smartdec/DigitexConnectorCSharp

https://github.com/smartdec/digitex-bot-framework

https://github.com/smartdec/DigitexConnectorCSharp/blob/master/README.md

The markets are already live now, so check them out and be sure to stock up on DGTX before the event begins. Happy trading everyone!

Latest News

Rewards

DGTX Rewards Currently Pays Over 125% APY

Digitex Futures
• Digitex Futures
November 19, 2020

Hey, Digitex community! We thought you’d like to hear some exciting news about the progress of the DGTX Rewards Program so far. In just two days, we’re already offering one of the highest APYs in the industry. If you’ve deposited DGTX into your rewards wallet, you’re already making over 125% APY — and this is only the beginning! 

Digitex City will have plenty more rewards programs and opportunities to earn DGTX and DUSD. In fact, we believe that Digitex City will become ‘the’ ultimate place to find opportunities to make your crypto work for you.

The DGTX Rewards Program

As you can see from the screenshot below, the current APY is a staggering 128.07% Just compare that to the rate of return you’d get from storing your savings in a bank right now! With interest rates hovering around zero, there’s never been a worse time for savers to keep their hard-earned cash in fiat currency. 

DGTX Rewards Currently Pays Over 125% APY 19

Decentralized Finance (DeFi) and protocols like Uniswap are offering a really attractive alternative to traditional finance right now without users having to assume the high risks associated with crypto trading–and the DGTX Rewards Program is currently offering one of the highest returns on your staked tokens than any other protocol.

Our market on Uniswap is getting super busy and liquid with 21.4 million DGTX deposited and more than $1 million already deposited into the DGTX Rewards wallet. We’re really pleased with the progress that the rewards program is making so far as it shows confidence in our project and confirms what we already know–that Digitex has the smartest savviest and most switched-on community in the crypto space!

The rewards program is also a great way of indirectly promoting Digitex City and getting new eyes on it over the next month leading towards its launch. After all, with over $1 million already deposited in our rewards wallet, that confidence in us should build and attract more new people to sign up.

Spread the Word to Win a Limited Edition T-Shirt

You’ll have also noticed if you signed up for the waitlist for Digitex City that you can win a limited edition Digitex City T-shirt simply by referring a few friends to the waitlist. You’ll love our new, spray-painted design over the original black Digitex logo. Plus, there’s a DUSD spray-painted at the bottom.

DGTX Rewards Currently Pays Over 125% APY 20

We’ll also be raffling some of these awesome shirts out to our loyal community. We know that many of you have been with us since the ICO, so there’s no need to sign up for the waitlist, but be sure to spread the word to any new friends you think may be interested. 

December is almost upon us and the DUSD stablecoin is about to take over! 

Have you joined the DGTX Rewards Program yet? If you haven’t, what are you waiting for? Remember, there are 5 million DGTX to be given way during the first month so the quicker you sign up the more money you’ll make! And be sure to spread the word. Let’s get ultra-cool T-shirts and plenty of DGTX rewards for everyone.

November 19, 2020
Digitex Futures

DGTX Rewards Currently Pays Over 125% APY

Digitex Futures
Rewards

Hey, Digitex community! We thought you’d like to hear some exciting news about the progress of the DGTX Rewards Program so far. In just two days, we’re already offering one of the highest APYs in the industry. If you’ve deposited DGTX into your rewards wallet, you’re already making over 125% APY — and this is only the beginning! 

Digitex City will have plenty more rewards programs and opportunities to earn DGTX and DUSD. In fact, we believe that Digitex City will become ‘the’ ultimate place to find opportunities to make your crypto work for you.

The DGTX Rewards Program

As you can see from the screenshot below, the current APY is a staggering 128.07% Just compare that to the rate of return you’d get from storing your savings in a bank right now! With interest rates hovering around zero, there’s never been a worse time for savers to keep their hard-earned cash in fiat currency. 

DGTX Rewards Currently Pays Over 125% APY 21

Decentralized Finance (DeFi) and protocols like Uniswap are offering a really attractive alternative to traditional finance right now without users having to assume the high risks associated with crypto trading–and the DGTX Rewards Program is currently offering one of the highest returns on your staked tokens than any other protocol.

Our market on Uniswap is getting super busy and liquid with 21.4 million DGTX deposited and more than $1 million already deposited into the DGTX Rewards wallet. We’re really pleased with the progress that the rewards program is making so far as it shows confidence in our project and confirms what we already know–that Digitex has the smartest savviest and most switched-on community in the crypto space!

The rewards program is also a great way of indirectly promoting Digitex City and getting new eyes on it over the next month leading towards its launch. After all, with over $1 million already deposited in our rewards wallet, that confidence in us should build and attract more new people to sign up.

Spread the Word to Win a Limited Edition T-Shirt

You’ll have also noticed if you signed up for the waitlist for Digitex City that you can win a limited edition Digitex City T-shirt simply by referring a few friends to the waitlist. You’ll love our new, spray-painted design over the original black Digitex logo. Plus, there’s a DUSD spray-painted at the bottom.

DGTX Rewards Currently Pays Over 125% APY 22

We’ll also be raffling some of these awesome shirts out to our loyal community. We know that many of you have been with us since the ICO, so there’s no need to sign up for the waitlist, but be sure to spread the word to any new friends you think may be interested. 

December is almost upon us and the DUSD stablecoin is about to take over! 

Have you joined the DGTX Rewards Program yet? If you haven’t, what are you waiting for? Remember, there are 5 million DGTX to be given way during the first month so the quicker you sign up the more money you’ll make! And be sure to spread the word. Let’s get ultra-cool T-shirts and plenty of DGTX rewards for everyone.

Latest News