Trading Strategy on the DFE

Hone Your Trading Strategy on the DFE with This Stellar Educational Content

Digitex Futures
• Digitex Futures
August 7, 2020

From the overwhelmingly positive feedback we’re getting from traders on the platform, we know you’re loving the fast-paced commission-free trading environment that Digitex provides. But we also know that many of you are new to this type of trading. Since scalping has essentially been impossible on fee-charging exchanges, honing your trading strategy on Crypto’s first zero-fee BTC futures exchange may take a little work. Fortunately, we’ve got a stellar lineup of educational content coming your way over the next month. Let’s take a closer look.

Improve Your Trading Strategy on the DFE

Adam’s Intro Video to the DFE

Who better to give you a deep educational insight into how to optimize your trading strategy on the DFE than the man who built it? That’s right, kicking off next week, Adam will be releasing a basic trading video designed for all our new users. He’ll be walking you through the features of the exchange, how to use them to your maximum advantage, as well as giving invaluable tips to help you improve at scalping

Remember, this form of trading can be fun and addictive but if you really want to get good at it, scalping requires an important mixture of patience and persistence. So don’t get discouraged if you don’t start making consistent gains overnight. 

A Four-Part Series from Trader Cobb

Veteran trader, Craig Cobb has been trading traditional markets using technical analysis for over 15 years and trading cryptocurrencies since 2017. As he himself says, with the amazing volatility to the upside also comes the scary volatility to the downside, which can be “painful” if you’re simply HODLing. Widely regarded as one of the top trading educators in the cryptocurrency space right now, Craig aims to help people make money by trading cryptocurrency whether the market is up or down.

Speaking at the public launch event, Craig announced that he would be offering a four-part educational series to traders who want to learn scalping and improve their strategies on the DFE. The reason it’s in four parts, he explains, is because trading requires planning. Craig isn’t just going to teach you how to trade but how to run a successful business as well and free yourself from the 9 to 5. 

Held every Thursday at 9:00 PM to 10:30 PM AEST (Australia Eastern Standard Time) with the first webinar starting next week, you can take advantage of Craig’s experience and invaluable trading tips with absolutely no cost. We’ll be providing you with a signup link soon so be sure not to miss out on this incredible opportunity to learn to trade like a pro.

ReadySetCrypto’s Digitex Futures Masterclass

Another life-long trader and long-time supporter of our project, ReadySetCrypto’s Doc Severson will also be throwing his hat into the ring sharing his vast trading experience in both traditional markets and cryptos with Digitex users in the shape of a Digitex Futures Masterclass module. 

Dedicated entirely to trading on the DFE, not only will this rich content help you become better on the Digitex platform, but if you sign up for it before it comes out, you can enjoy a huge 40% discount on the class. Another massive fan of the Digitex trading ladder, you can be sure of getting invaluable insights and strategies from one of the best traders in the space right now.

Crypto Zombie and Bitboy’s Informative Walkthroughs

If you haven’t had a chance to check it out already, popular leverage trader and cryptocurrency influencer Bitboy released an informative Digitex Review showcasing his experiences trading on the platform. Starting with the seamless KYC-free sign-up process and moving straight into the exchange, he highlights the platform’s customizability, how to add DGTX tokens to your account, trading on the ladder, and tons more features besides.  

We’re also excited to let you know that another successful trader and a general big player in the space Crypto Zombie will be releasing a tutorial on the DFE in the coming days. He’ll show you how to trade with leverage, how to manage your risk, and provide some unmissable tips to hone your trading strategy on the DFE, so keep your eyes on his channel!

Digitex Futures’ Luke Green Will Take You Through the Basics

In addition to the slew of high-quality content coming up, Digitex Futures’ very own Luke Green will also be releasing a basic “getting started” guide for our new users. Since we’ve been receiving a lot of requests for a basic breakdown on how to deposit funds, how to get DGTX, and how to start trading on the exchange, we’re aiming to make this as simple as possible and accessible to all.

We also think that the new DGTX Converter will make this process even easier for anyone who has found getting started a challenge. As you know by now, Luke is a long-time supporter and regular content contributor at Digitex. You can expect to find his 101 guide to trading on the DFE from the middle of this month.

Finally, don’t forget that our trading API is being integrated next week. Another of our resident Digitex traders and contributors Cryptrader, will be releasing a video as soon as the API goes live showing you how to maximize its use by plugging in your bots and trading programmatically.

Wrapping It Up

As always, improving our user experience is a major priority for us and, as you can imagine, with a brand-new product that’s never been seen before in the crypto space, it can be a challenge to make it as easy as possible to understand. We sincerely hope that you will find all this educational content helpful and that it will even help you hone your trading strategy on the DFE as well as make consistent long-term gains.

We also know that some new users are having trouble getting started, so don’t hold back! Please share your experience, feedback, suggestions, and requests through our lively Telegram group as this will help us better understand how to improve the user experience right from the start.

August 7, 2020
Digitex Futures

Hone Your Trading Strategy on the DFE with This Stellar Educational Content

Digitex Futures
Trading Strategy on the DFE

From the overwhelmingly positive feedback we’re getting from traders on the platform, we know you’re loving the fast-paced commission-free trading environment that Digitex provides. But we also know that many of you are new to this type of trading. Since scalping has essentially been impossible on fee-charging exchanges, honing your trading strategy on Crypto’s first zero-fee BTC futures exchange may take a little work. Fortunately, we’ve got a stellar lineup of educational content coming your way over the next month. Let’s take a closer look.

Improve Your Trading Strategy on the DFE

Adam’s Intro Video to the DFE

Who better to give you a deep educational insight into how to optimize your trading strategy on the DFE than the man who built it? That’s right, kicking off next week, Adam will be releasing a basic trading video designed for all our new users. He’ll be walking you through the features of the exchange, how to use them to your maximum advantage, as well as giving invaluable tips to help you improve at scalping

Remember, this form of trading can be fun and addictive but if you really want to get good at it, scalping requires an important mixture of patience and persistence. So don’t get discouraged if you don’t start making consistent gains overnight. 

A Four-Part Series from Trader Cobb

Veteran trader, Craig Cobb has been trading traditional markets using technical analysis for over 15 years and trading cryptocurrencies since 2017. As he himself says, with the amazing volatility to the upside also comes the scary volatility to the downside, which can be “painful” if you’re simply HODLing. Widely regarded as one of the top trading educators in the cryptocurrency space right now, Craig aims to help people make money by trading cryptocurrency whether the market is up or down.

Speaking at the public launch event, Craig announced that he would be offering a four-part educational series to traders who want to learn scalping and improve their strategies on the DFE. The reason it’s in four parts, he explains, is because trading requires planning. Craig isn’t just going to teach you how to trade but how to run a successful business as well and free yourself from the 9 to 5. 

Held every Thursday at 9:00 PM to 10:30 PM AEST (Australia Eastern Standard Time) with the first webinar starting next week, you can take advantage of Craig’s experience and invaluable trading tips with absolutely no cost. We’ll be providing you with a signup link soon so be sure not to miss out on this incredible opportunity to learn to trade like a pro.

ReadySetCrypto’s Digitex Futures Masterclass

Another life-long trader and long-time supporter of our project, ReadySetCrypto’s Doc Severson will also be throwing his hat into the ring sharing his vast trading experience in both traditional markets and cryptos with Digitex users in the shape of a Digitex Futures Masterclass module. 

Dedicated entirely to trading on the DFE, not only will this rich content help you become better on the Digitex platform, but if you sign up for it before it comes out, you can enjoy a huge 40% discount on the class. Another massive fan of the Digitex trading ladder, you can be sure of getting invaluable insights and strategies from one of the best traders in the space right now.

Crypto Zombie and Bitboy’s Informative Walkthroughs

If you haven’t had a chance to check it out already, popular leverage trader and cryptocurrency influencer Bitboy released an informative Digitex Review showcasing his experiences trading on the platform. Starting with the seamless KYC-free sign-up process and moving straight into the exchange, he highlights the platform’s customizability, how to add DGTX tokens to your account, trading on the ladder, and tons more features besides.  

We’re also excited to let you know that another successful trader and a general big player in the space Crypto Zombie will be releasing a tutorial on the DFE in the coming days. He’ll show you how to trade with leverage, how to manage your risk, and provide some unmissable tips to hone your trading strategy on the DFE, so keep your eyes on his channel!

Digitex Futures’ Luke Green Will Take You Through the Basics

In addition to the slew of high-quality content coming up, Digitex Futures’ very own Luke Green will also be releasing a basic “getting started” guide for our new users. Since we’ve been receiving a lot of requests for a basic breakdown on how to deposit funds, how to get DGTX, and how to start trading on the exchange, we’re aiming to make this as simple as possible and accessible to all.

We also think that the new DGTX Converter will make this process even easier for anyone who has found getting started a challenge. As you know by now, Luke is a long-time supporter and regular content contributor at Digitex. You can expect to find his 101 guide to trading on the DFE from the middle of this month.

Finally, don’t forget that our trading API is being integrated next week. Another of our resident Digitex traders and contributors Cryptrader, will be releasing a video as soon as the API goes live showing you how to maximize its use by plugging in your bots and trading programmatically.

Wrapping It Up

As always, improving our user experience is a major priority for us and, as you can imagine, with a brand-new product that’s never been seen before in the crypto space, it can be a challenge to make it as easy as possible to understand. We sincerely hope that you will find all this educational content helpful and that it will even help you hone your trading strategy on the DFE as well as make consistent long-term gains.

We also know that some new users are having trouble getting started, so don’t hold back! Please share your experience, feedback, suggestions, and requests through our lively Telegram group as this will help us better understand how to improve the user experience right from the start.

Latest News

digitex roadmap

The Digitex Roadmap for the Rest of 2020

Digitex Futures
• Digitex Futures
August 6, 2020

With a successful public launch behind us and more people enjoying trading BTCUSD futures on a one-click ladder with zero fees, we’re not about to rest on our laurels. If you’ve been following the project, you’ll already know about some of Adam’s ambitions for the DGTX token and the ecosystem that we’re busy building. But here in this article, we lay out the Digitex roadmap for the remainder of 2020. From a zero-fee cryptocurrency exchange to traditional futures markets, we’re going to send shockwaves through the crypto community.

Digitex Roadmap for Quarter 3

It’s hard to believe, but we’re already in the third quarter of 2020. While most people can’t wait to see the back of this challenging year, at Digitex, we take comfort in the fact that we’re thriving, building, and growing. 

Adam and the team finally delivered the beast of an exchange that we promised and, with insane volumes taking place already on our BTCUSD futures market, we’re thrilled to see traders taking full advantage of the lack of fees for the very first time. Now we’re ready to offer them more choices.

ETHUSD Futures Market

This month, we’ll be adding the ETHUSD futures market to the mainnet. Already being put through its paces on the testnet, and with the growing bullish price momentum on ETH, we believe that the ETHUSD futures market will be very popular with traders right now. 

Anticipation for ETH 2.0 is reaching fever pitch along with the growing DeFi momentum. In fact, DeFi is showing so much potential in the space with improved products and protocols, and greater liquidity on DEXs that we’re seriously considering converting DGTX from ERC223 into an ERC20 token so we can list DGTX on popular decentralized exchanges. We’ll be discussing this in more detail soon but, suffice to say, with ETH making massive moves in the crypto market and posting YTD gains of over 200%, there couldn’t be a better time to capitalize on the volatility.

Trading API

And that’s not the only exciting addition to the DFE in August. We know you’ll all be pleased to hear that the long-awaited API will also be integrated next week, which will allow traders to plug in their bots and trade programmatically. The community has been asking for it for some time and we’re thrilled to be able to deliver at last after testing it extensively on the testnet. We’ll also be providing you with detailed instructions as to how you can use it best from our in-house expert Cryptrader.

The DGTX Converter

In addition to the API and the ETHUSD market, we’ve got the DGTX Converter as well which will replace the Digitex Treasury. This will avoid any further manipulation of the DGTX price by whales seeking to buy cheap tokens from the Treasury that the community has been concerned about. It will also make onboarding new users even easier as they’ll be able to deposit ETH, USDC, USDT, BTC, and other cryptos into the Digitex Futures exchange and convert them instantly into DGTX, with no commissions on the transaction. We’ll be releasing the DGTX converter on to the testnet next week, and if all goes well, it should be live on the mainnet the following week.

Digitex Store

By popular demand, we’re also going to be officially opening the Digitex Store next week. We’re hugely excited to offer you high-quality branded merchandise directly from our site with must-have items for DGTX fans including coffee cups, hats, phone cases, T-shirts, hoodies, jackets, posters, sticker packs… and our highly-coveted silver and diamond DGTX collector coins!

Traditional Futures Markets

As we move into September, we’ll be gradually adding more markets to give traders exposure to traditional futures. The first of these will be gold, oil, and the S&P 500. With precious metals hitting all-time highs and major volatility in stocks and commodities, traders will see a lot of action scalp trading these markets. It will also mark another industry-first for Digitex as the only exchange to offer traditional and crypto futures trading completely commission-free.

Digitex Roadmap for Quarter 4

Multiple Trading Ladders on Same Page and New Look UI

We’ll be surprising you in October with a brand-new user interface that we’re sure you’re going to love even more than the current one. There will be one-click navigation between markets and also the ability to display multiple ladders on the same screen. Traders will be able to place stop-loss orders by clicking in the ladder and in general, the new UI has a cleaner, more polished feel that we believe will really take Digitex to the next level.

Zero-Fee Cryptocurrency Exchange – The Digitex Spot Exchange

In November we’ll be rolling out our groundbreaking commission-free cryptocurrency exchange – the Digitex Spot exchange! This is going to be another massive game-changer for the space as many traders who only spot trade can finally trade cryptos without paying punishing fees and without having to use a clunky, badly designed UI that requires multiple keystrokes and mouse movement.

Just like our futures exchange, the Digitex Spot exchange (DSE) will feature our unique one-click trading ladder that lets traders jump in and out of trades at lightning speed, stealing single tick profits that aren’t eaten up by commissions. This will create highly liquid trading pairs that in turn will attract other longer-term traders who can enter and exit large positions without any slippage, further boosting liquidity. DSE will also have a trading API so traders can easily plug in their bots, boosting liquidity even more.

The zero-fee, scalper-friendly Digitex Spot exchange will have mass appeal to the larger cryptocurrency community and we expect it to be a good source of new users who will then discover zero-fee futures trading on DFE.

Wrapping It Up

As you can see, we’ve got plenty going on for the rest of the year, focused on rolling out key features, improving the user experience, educating and creating more winning traders, and gradually scaling up our marketing efforts. And, of course, during this time, we’ll be continually listening to your feedback and developing additional sources of utility for the DGTX token. 

Adam will be making live YouTube appearances and AMAs, and the much anticipated updated whitepaper will be released early Q4, finally revealing in detail our ambitious plans to create more utilities for the DGTX token and dramatically increase demand. As Adam mentioned during the live launch event, the public launch is only the beginning. This is the start of great things for our project and we thank you for joining us for the ride.

August 6, 2020
Digitex Futures

The Digitex Roadmap for the Rest of 2020

Digitex Futures
digitex roadmap

With a successful public launch behind us and more people enjoying trading BTCUSD futures on a one-click ladder with zero fees, we’re not about to rest on our laurels. If you’ve been following the project, you’ll already know about some of Adam’s ambitions for the DGTX token and the ecosystem that we’re busy building. But here in this article, we lay out the Digitex roadmap for the remainder of 2020. From a zero-fee cryptocurrency exchange to traditional futures markets, we’re going to send shockwaves through the crypto community.

Digitex Roadmap for Quarter 3

It’s hard to believe, but we’re already in the third quarter of 2020. While most people can’t wait to see the back of this challenging year, at Digitex, we take comfort in the fact that we’re thriving, building, and growing. 

Adam and the team finally delivered the beast of an exchange that we promised and, with insane volumes taking place already on our BTCUSD futures market, we’re thrilled to see traders taking full advantage of the lack of fees for the very first time. Now we’re ready to offer them more choices.

ETHUSD Futures Market

This month, we’ll be adding the ETHUSD futures market to the mainnet. Already being put through its paces on the testnet, and with the growing bullish price momentum on ETH, we believe that the ETHUSD futures market will be very popular with traders right now. 

Anticipation for ETH 2.0 is reaching fever pitch along with the growing DeFi momentum. In fact, DeFi is showing so much potential in the space with improved products and protocols, and greater liquidity on DEXs that we’re seriously considering converting DGTX from ERC223 into an ERC20 token so we can list DGTX on popular decentralized exchanges. We’ll be discussing this in more detail soon but, suffice to say, with ETH making massive moves in the crypto market and posting YTD gains of over 200%, there couldn’t be a better time to capitalize on the volatility.

Trading API

And that’s not the only exciting addition to the DFE in August. We know you’ll all be pleased to hear that the long-awaited API will also be integrated next week, which will allow traders to plug in their bots and trade programmatically. The community has been asking for it for some time and we’re thrilled to be able to deliver at last after testing it extensively on the testnet. We’ll also be providing you with detailed instructions as to how you can use it best from our in-house expert Cryptrader.

The DGTX Converter

In addition to the API and the ETHUSD market, we’ve got the DGTX Converter as well which will replace the Digitex Treasury. This will avoid any further manipulation of the DGTX price by whales seeking to buy cheap tokens from the Treasury that the community has been concerned about. It will also make onboarding new users even easier as they’ll be able to deposit ETH, USDC, USDT, BTC, and other cryptos into the Digitex Futures exchange and convert them instantly into DGTX, with no commissions on the transaction. We’ll be releasing the DGTX converter on to the testnet next week, and if all goes well, it should be live on the mainnet the following week.

Digitex Store

By popular demand, we’re also going to be officially opening the Digitex Store next week. We’re hugely excited to offer you high-quality branded merchandise directly from our site with must-have items for DGTX fans including coffee cups, hats, phone cases, T-shirts, hoodies, jackets, posters, sticker packs… and our highly-coveted silver and diamond DGTX collector coins!

Traditional Futures Markets

As we move into September, we’ll be gradually adding more markets to give traders exposure to traditional futures. The first of these will be gold, oil, and the S&P 500. With precious metals hitting all-time highs and major volatility in stocks and commodities, traders will see a lot of action scalp trading these markets. It will also mark another industry-first for Digitex as the only exchange to offer traditional and crypto futures trading completely commission-free.

Digitex Roadmap for Quarter 4

Multiple Trading Ladders on Same Page and New Look UI

We’ll be surprising you in October with a brand-new user interface that we’re sure you’re going to love even more than the current one. There will be one-click navigation between markets and also the ability to display multiple ladders on the same screen. Traders will be able to place stop-loss orders by clicking in the ladder and in general, the new UI has a cleaner, more polished feel that we believe will really take Digitex to the next level.

Zero-Fee Cryptocurrency Exchange – The Digitex Spot Exchange

In November we’ll be rolling out our groundbreaking commission-free cryptocurrency exchange – the Digitex Spot exchange! This is going to be another massive game-changer for the space as many traders who only spot trade can finally trade cryptos without paying punishing fees and without having to use a clunky, badly designed UI that requires multiple keystrokes and mouse movement.

Just like our futures exchange, the Digitex Spot exchange (DSE) will feature our unique one-click trading ladder that lets traders jump in and out of trades at lightning speed, stealing single tick profits that aren’t eaten up by commissions. This will create highly liquid trading pairs that in turn will attract other longer-term traders who can enter and exit large positions without any slippage, further boosting liquidity. DSE will also have a trading API so traders can easily plug in their bots, boosting liquidity even more.

The zero-fee, scalper-friendly Digitex Spot exchange will have mass appeal to the larger cryptocurrency community and we expect it to be a good source of new users who will then discover zero-fee futures trading on DFE.

Wrapping It Up

As you can see, we’ve got plenty going on for the rest of the year, focused on rolling out key features, improving the user experience, educating and creating more winning traders, and gradually scaling up our marketing efforts. And, of course, during this time, we’ll be continually listening to your feedback and developing additional sources of utility for the DGTX token. 

Adam will be making live YouTube appearances and AMAs, and the much anticipated updated whitepaper will be released early Q4, finally revealing in detail our ambitious plans to create more utilities for the DGTX token and dramatically increase demand. As Adam mentioned during the live launch event, the public launch is only the beginning. This is the start of great things for our project and we thank you for joining us for the ride.

Latest News

Digitex Fundamentals Are Stronger Than Ever 1

Digitex Fundamentals Are Stronger Than Ever

Digitex Futures
• Ali Martinez
August 4, 2020

Following a successful launch event on Friday, July 31, word is getting out that the DGTX token is the only exchange token that offers a passport to zero-fee trading. With ringing endorsements from the crypto community, technical indicators show that DGTX has found a new higher support level. Several critical metrics also reveal that the price could climb even further this year, given what’s to come. 

Industry Leaders Give DFE Vote of Confidence

During Friday’s mega public launch event, several prominent figures in the cryptocurrency industry were outspoken in their support for Digitex, underscoring the solid fundamentals of the Digitex offering. Trader Cobb, a well-known technical analyst, affirmed that DFE’s ladder system brought something to the crypto space that was missing. He maintains that this platform gives professional traders the ability to use the right tools to profit from the cryptocurrency market.

“Digitex Futures Exchange has given us something that did not exist. I traded through the 2017-2018 boom. I have traded for 15 years now. I have traded the foreign exchange, bonds, commodities. I have ran funds. I have been involved in trading my whole life. The frustrating thing that I had through 2017-2018 was the lack of orders, the lack of professionalism as far as trading tools go. What Digitex Futures Exchange has replicated is fantastic, not just for me as a retail user, but it is really important to give professional traders the ability to use the right tools that they used to. When you trade futures in the S&P, you use a ladder. Digitex Futures Exchange has created a ladder for cryptos. I’m stoked. I’m bloody happy for what DFE has done,” said Cobb.

Along the same lines, Mika, a scalp trader and Digitex community member, said that Adam’s trading strategy is what made him a profitable trader. He affirmed that due to the success that he has had as a scalping trader, using DFE to implement this strategy is a no-brainer.

“I was trading horse racing bets on Betfair using [Adam’s] BetTrader trading ladder software and heard through a group of traders that you were opening a zero-fee exchange based on the same ladder interface. After hearing this news, I bought the first token of my life. I started trading on the DFE testnet and had a 60-day run without making a loss. I don’t care if I’m trading Bitcoin, bananas, or whatever else – scalping works with any medium,” affirmed Mika.

Meanwhile, Ready Set Crypto’s Doc Severson stated that he would personally have been happy if the DFE would have launched last year. But he admitted that, in light of the booming demand for crypto futures, now is the perfect timing given that the market readiness is there.

Sitting On Top Of Massive Support

So in light of the general enthusiasm for the DFE, what next for DGTX? IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that in the event of a bullish impulse, the most significant resistance barrier ahead of this cryptocurrency sits between $0.094 and $0.097. Here, approximately 60 addresses had previously purchased over 63 million DGTX.

In some cases, a massive supply barrier could prevent further price traction. But if the buying pressure behind DGTX is significant enough, it may slice thought this resistance level and aim for new yearly highs.

In the case of DGTX, the IOMAP cohorts show that there are no major supply barriers ahead of the $0.095 mark that will prevent the price from surging towards $0.15 or higher.

Digitex Fundamentals Are Stronger Than Ever 2

Another Bull Run on the Way?

As positive sentiments among market participants began to run high in anticipation of the Digitex Futures Exchange official launch, DGTX entered a bull rally. The bullish momentum behind saw the price skyrocket nearly 250% between June 22 and July 27. The upswing was significant enough to push this cryptocurrency to a new yearly high of $0.123.

On July 29, only two days before the launch event, IntoTheBlock registered a significant spike in the volume of large transactions on the DGTX network. Roughly $2.66 million worth of this altcoin were transferred on this day alone. Despite weekend price volatility, two clear positive signals have emerged.

Firstly, DGTX has found a new critical support level, according to the Fibonacci retracement indicator. The 61.8% Fibonacci retracement level, which was previously acting as stiff resistance between June 2019 and July 2020, absorbed the price pressure and means DGTX is now seeing a healthy rebound.

Digitex Fundamentals Are Stronger Than Ever 3

Bouncing off this critical support level can be considered a bullish sign. The 61.8% Fibonacci retracement level is regarded by some of the most prominent technical analysts as the ‘golden’ retracement area. Thus, the recent drop to this hurdle could result in a further upward advance and may lead to new yearly highs.

The second positive indicator is that smaller investors have continued to rush to buy DGTX over recent days. Santiment’s holder distribution chart reveals that the number of addresses holding between 0.01 to 10,000,000 DGTX has surged since last week, helping to distribute DGTX over a broad base of investors.

Digitex Fundamentals Are Stronger Than Ever 4

From here, things are looking bright for Digitex. During Friday’s event, Adam teased some of what we can expect from Digitex over the coming year, with a new white paper and roadmap due out over the next month or so. With so much optimism around what Digitex Futures Exchange has to offer, it seems to be a matter of time before DGTX breaks above the overhead resistance and climbs to new higher highs.

With Ali’s analysis in mind, there has never been a better time to get your hands on some DGTX. As Adam said last week, you won’t see these prices again once all our plans are unveiled. Spread the word, and be there when DGTX reaches a new ATH! 

August 4, 2020
Digitex Futures

Digitex Fundamentals Are Stronger Than Ever

Ali Martinez
Digitex Fundamentals Are Stronger Than Ever 5

Following a successful launch event on Friday, July 31, word is getting out that the DGTX token is the only exchange token that offers a passport to zero-fee trading. With ringing endorsements from the crypto community, technical indicators show that DGTX has found a new higher support level. Several critical metrics also reveal that the price could climb even further this year, given what’s to come. 

Industry Leaders Give DFE Vote of Confidence

During Friday’s mega public launch event, several prominent figures in the cryptocurrency industry were outspoken in their support for Digitex, underscoring the solid fundamentals of the Digitex offering. Trader Cobb, a well-known technical analyst, affirmed that DFE’s ladder system brought something to the crypto space that was missing. He maintains that this platform gives professional traders the ability to use the right tools to profit from the cryptocurrency market.

“Digitex Futures Exchange has given us something that did not exist. I traded through the 2017-2018 boom. I have traded for 15 years now. I have traded the foreign exchange, bonds, commodities. I have ran funds. I have been involved in trading my whole life. The frustrating thing that I had through 2017-2018 was the lack of orders, the lack of professionalism as far as trading tools go. What Digitex Futures Exchange has replicated is fantastic, not just for me as a retail user, but it is really important to give professional traders the ability to use the right tools that they used to. When you trade futures in the S&P, you use a ladder. Digitex Futures Exchange has created a ladder for cryptos. I’m stoked. I’m bloody happy for what DFE has done,” said Cobb.

Along the same lines, Mika, a scalp trader and Digitex community member, said that Adam’s trading strategy is what made him a profitable trader. He affirmed that due to the success that he has had as a scalping trader, using DFE to implement this strategy is a no-brainer.

“I was trading horse racing bets on Betfair using [Adam’s] BetTrader trading ladder software and heard through a group of traders that you were opening a zero-fee exchange based on the same ladder interface. After hearing this news, I bought the first token of my life. I started trading on the DFE testnet and had a 60-day run without making a loss. I don’t care if I’m trading Bitcoin, bananas, or whatever else – scalping works with any medium,” affirmed Mika.

Meanwhile, Ready Set Crypto’s Doc Severson stated that he would personally have been happy if the DFE would have launched last year. But he admitted that, in light of the booming demand for crypto futures, now is the perfect timing given that the market readiness is there.

Sitting On Top Of Massive Support

So in light of the general enthusiasm for the DFE, what next for DGTX? IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that in the event of a bullish impulse, the most significant resistance barrier ahead of this cryptocurrency sits between $0.094 and $0.097. Here, approximately 60 addresses had previously purchased over 63 million DGTX.

In some cases, a massive supply barrier could prevent further price traction. But if the buying pressure behind DGTX is significant enough, it may slice thought this resistance level and aim for new yearly highs.

In the case of DGTX, the IOMAP cohorts show that there are no major supply barriers ahead of the $0.095 mark that will prevent the price from surging towards $0.15 or higher.

Digitex Fundamentals Are Stronger Than Ever 6

Another Bull Run on the Way?

As positive sentiments among market participants began to run high in anticipation of the Digitex Futures Exchange official launch, DGTX entered a bull rally. The bullish momentum behind saw the price skyrocket nearly 250% between June 22 and July 27. The upswing was significant enough to push this cryptocurrency to a new yearly high of $0.123.

On July 29, only two days before the launch event, IntoTheBlock registered a significant spike in the volume of large transactions on the DGTX network. Roughly $2.66 million worth of this altcoin were transferred on this day alone. Despite weekend price volatility, two clear positive signals have emerged.

Firstly, DGTX has found a new critical support level, according to the Fibonacci retracement indicator. The 61.8% Fibonacci retracement level, which was previously acting as stiff resistance between June 2019 and July 2020, absorbed the price pressure and means DGTX is now seeing a healthy rebound.

Digitex Fundamentals Are Stronger Than Ever 7

Bouncing off this critical support level can be considered a bullish sign. The 61.8% Fibonacci retracement level is regarded by some of the most prominent technical analysts as the ‘golden’ retracement area. Thus, the recent drop to this hurdle could result in a further upward advance and may lead to new yearly highs.

The second positive indicator is that smaller investors have continued to rush to buy DGTX over recent days. Santiment’s holder distribution chart reveals that the number of addresses holding between 0.01 to 10,000,000 DGTX has surged since last week, helping to distribute DGTX over a broad base of investors.

Digitex Fundamentals Are Stronger Than Ever 8

From here, things are looking bright for Digitex. During Friday’s event, Adam teased some of what we can expect from Digitex over the coming year, with a new white paper and roadmap due out over the next month or so. With so much optimism around what Digitex Futures Exchange has to offer, it seems to be a matter of time before DGTX breaks above the overhead resistance and climbs to new higher highs.

With Ali’s analysis in mind, there has never been a better time to get your hands on some DGTX. As Adam said last week, you won’t see these prices again once all our plans are unveiled. Spread the word, and be there when DGTX reaches a new ATH! 

Latest News

Updates

Weekend Price Movements and System Updates

Digitex Futures
• Digitex Futures
August 3, 2020

Following Friday’s massively successful launch event on YouTube, we are sad to say that the success of the event has been overshadowed. The actions of one manipulative whale have resulted in a significant drop to the value of DGTX. Today’s post will examine the events that have unfolded since July 31 and the actions that Digitex is taking to solve these issues. 

In the most painful way possible, it has come to our attention that one or more whales are using the Digitex Treasury as a way to manipulate the price of DGTX. On Friday, a substantial sell order on KuCoin put huge downward pressure on DGTX, causing other holders to panic-sell as a result. 

After the price had tanked, we believe the same person bought back the entire Treasury balance of 2.5 million DGTX at the knockdown price. There is no explanation for this, other than that the whale who placed the order timed them in such a way as to cause maximum damage to Digitex and our holders, on the day of the public launch.

The price is still struggling to recover, and we are sorry to say that the upward momentum we had before this happened has been lost. Friday’s event, which attracted overwhelmingly positive reviews of the DFE by so many well-known figureheads, has been overshadowed by this manipulation.

As ever, Digitex, led by Adam, refuses to be beaten. We’ve spent the weekend figuring out how to ensure that this can’t happen again.

Introducing the DGTX Converter

The DGTX Converter will replace the Digitex Treasury token sale smart contract.

The DGTX Converter allows users on DFE to deposit ETH, USDC, USDT, BTC, and other cryptos into the Digitex Futures exchange and then convert them instantly into DGTX, with no commissions on the transaction.

The DGTX Converter has several benefits over Digitex Treasury:

  1. New users are more easily onboarded onto DFE because they can deposit a variety of different cryptocurrencies instead of just ETH.
  2. As a closed system, users can no longer see how many DGTX tokens are available to buy, which makes price manipulation of DGTX a much riskier endeavor. This lack of visibility makes any attempt at manipulation a much riskier prospect because nobody can be certain they can buy back enough DGTX at a lower price to make the manipulation worthwhile and free of risk. 
  3. Users must be logged into their DFE account to use the DGTX Converter, and they must send their cryptocurrency payment directly to the exchange. After the deposit has been confirmed the user can then convert some or all of it into DGTX at an exchange rate slightly above the CoinMarketCap rate, which is then deposited into the user’s Main Account. If we see manipulation, we can adjust the price of DGTX accordingly. This makes it much more unlikely that any attempt at manipulation will have a successful outcome for the attacker.
  4. The DGTX Converter user interface and overall user experience are easier to understand for new DFE users than having to figure out how to send ETH to the Digitex Treasury smart contract.
  5. The features listed here mean that the DGTX Converter is only attractive to smaller buyers who are interested in onboarding onto the DFE to place trades and add liquidity. It isn’t appealing to whales.
  6. Users can send in their cryptocurrency payment from any wallet, including exchange wallets, without risking losing their DGTX. This feature represents an improvement to the Digitex Treasury smart contract, where a user risks losing their DGTX if they send in ETH from an unsupported exchange.

The developers are currently working hard on implementing the DGTX Converter functionality, and we anticipate it will be live as soon as next week. Here are a few screenshots of what we’re working on.

Weekend Price Movements and System Updates 9  Weekend Price Movements and System Updates 10

Weekend Price Movements and System Updates 11

In the meantime, the Treasury supply won’t be replenished, and we won’t be selling any DGTX via the Treasury smart contract. 

Community Member Driving Sell Pressure

To further compound the manipulation issue explained above, we also discovered that one of the Digitex community, John from WhyLose, has been putting out trade signals to sell DGTX once the price went below $0.10 and buy back at a lower price. 

We’d like to clarify that these actions were never endorsed by Adam or any of the Digitex team. Of his own volition and with no direction from the company, John had introduced the Digitex University last year. As we assumed his intentions were positive, we had allowed this and even onboarded him as one of our first 20 traders to help promote the DFE. 

However, in light of his actions, we are no longer supporting any of his efforts regarding the Digitex University. John has been removed from the Digitex Telegram groups. We at Digitex own the Digitex University domain, and in the future, it will only be used to promote the company and our brand. 

Liquidation Losses Revert to Insurance Fund

Finally, we are aware that Adam’s blog post on Thursday regarding refunding liquidation losses that have been put into the insurance fund was overwhelmingly unpopular among many members of the community. 

Therefore, in response to the feedback, we have made a straightforward decision to revert back to the previous arrangements. In the meantime, we will continue to work on finding an agreeable alternative solution for liquidation losses that lands better with the community. 

We have shared a lot of information in today’s post, and we realize there will be many questions. Therefore, Adam will join the mainnet traders Telegram channel shortly after this post is published, to answer as many questions as he can. 

Digitex is Emerging Bigger and Stronger

We know that the result of Friday’s price manipulation has understandably caused a lot of unrest in the community. However, we believe that the actions outlined above will put in place everything needed to avoid this issue happening again in the future. Furthermore, we’d like to highlight that many of our community members have continued to HODL and maintain their belief in the DFE and the Digitex vision. 

We are grateful for the continued support of our loyal community. Those who have been holding DGTX in the long term are already as tough as nails, and we know that this is just another hurdle on our path to becoming one of the biggest brands in crypto. If anything, this is another great opportunity to buy DGTX at knockdown prices.

Anyone in doubt only needs to listen to the ringing endorsements from some of crypto’s best-known influencers who joined us on YouTube on Friday

By continuing to onboard new users and drive more demand for DGTX, we can and will rebuild the previous upward pressure, returning value to our token holders. After spending the last few days wrangling with these difficult issues, we will be pleased to spend the rest of the week recapping on the strong fundamentals of Digitex as a company, a brand, and a token, along with the positive efforts during our launch event to achieve these goals. 

August 3, 2020
Digitex Futures

Weekend Price Movements and System Updates

Digitex Futures
Updates

Following Friday’s massively successful launch event on YouTube, we are sad to say that the success of the event has been overshadowed. The actions of one manipulative whale have resulted in a significant drop to the value of DGTX. Today’s post will examine the events that have unfolded since July 31 and the actions that Digitex is taking to solve these issues. 

In the most painful way possible, it has come to our attention that one or more whales are using the Digitex Treasury as a way to manipulate the price of DGTX. On Friday, a substantial sell order on KuCoin put huge downward pressure on DGTX, causing other holders to panic-sell as a result. 

After the price had tanked, we believe the same person bought back the entire Treasury balance of 2.5 million DGTX at the knockdown price. There is no explanation for this, other than that the whale who placed the order timed them in such a way as to cause maximum damage to Digitex and our holders, on the day of the public launch.

The price is still struggling to recover, and we are sorry to say that the upward momentum we had before this happened has been lost. Friday’s event, which attracted overwhelmingly positive reviews of the DFE by so many well-known figureheads, has been overshadowed by this manipulation.

As ever, Digitex, led by Adam, refuses to be beaten. We’ve spent the weekend figuring out how to ensure that this can’t happen again.

Introducing the DGTX Converter

The DGTX Converter will replace the Digitex Treasury token sale smart contract.

The DGTX Converter allows users on DFE to deposit ETH, USDC, USDT, BTC, and other cryptos into the Digitex Futures exchange and then convert them instantly into DGTX, with no commissions on the transaction.

The DGTX Converter has several benefits over Digitex Treasury:

  1. New users are more easily onboarded onto DFE because they can deposit a variety of different cryptocurrencies instead of just ETH.
  2. As a closed system, users can no longer see how many DGTX tokens are available to buy, which makes price manipulation of DGTX a much riskier endeavor. This lack of visibility makes any attempt at manipulation a much riskier prospect because nobody can be certain they can buy back enough DGTX at a lower price to make the manipulation worthwhile and free of risk. 
  3. Users must be logged into their DFE account to use the DGTX Converter, and they must send their cryptocurrency payment directly to the exchange. After the deposit has been confirmed the user can then convert some or all of it into DGTX at an exchange rate slightly above the CoinMarketCap rate, which is then deposited into the user’s Main Account. If we see manipulation, we can adjust the price of DGTX accordingly. This makes it much more unlikely that any attempt at manipulation will have a successful outcome for the attacker.
  4. The DGTX Converter user interface and overall user experience are easier to understand for new DFE users than having to figure out how to send ETH to the Digitex Treasury smart contract.
  5. The features listed here mean that the DGTX Converter is only attractive to smaller buyers who are interested in onboarding onto the DFE to place trades and add liquidity. It isn’t appealing to whales.
  6. Users can send in their cryptocurrency payment from any wallet, including exchange wallets, without risking losing their DGTX. This feature represents an improvement to the Digitex Treasury smart contract, where a user risks losing their DGTX if they send in ETH from an unsupported exchange.

The developers are currently working hard on implementing the DGTX Converter functionality, and we anticipate it will be live as soon as next week. Here are a few screenshots of what we’re working on.

Weekend Price Movements and System Updates 12  Weekend Price Movements and System Updates 13

Weekend Price Movements and System Updates 14

In the meantime, the Treasury supply won’t be replenished, and we won’t be selling any DGTX via the Treasury smart contract. 

Community Member Driving Sell Pressure

To further compound the manipulation issue explained above, we also discovered that one of the Digitex community, John from WhyLose, has been putting out trade signals to sell DGTX once the price went below $0.10 and buy back at a lower price. 

We’d like to clarify that these actions were never endorsed by Adam or any of the Digitex team. Of his own volition and with no direction from the company, John had introduced the Digitex University last year. As we assumed his intentions were positive, we had allowed this and even onboarded him as one of our first 20 traders to help promote the DFE. 

However, in light of his actions, we are no longer supporting any of his efforts regarding the Digitex University. John has been removed from the Digitex Telegram groups. We at Digitex own the Digitex University domain, and in the future, it will only be used to promote the company and our brand. 

Liquidation Losses Revert to Insurance Fund

Finally, we are aware that Adam’s blog post on Thursday regarding refunding liquidation losses that have been put into the insurance fund was overwhelmingly unpopular among many members of the community. 

Therefore, in response to the feedback, we have made a straightforward decision to revert back to the previous arrangements. In the meantime, we will continue to work on finding an agreeable alternative solution for liquidation losses that lands better with the community. 

We have shared a lot of information in today’s post, and we realize there will be many questions. Therefore, Adam will join the mainnet traders Telegram channel shortly after this post is published, to answer as many questions as he can. 

Digitex is Emerging Bigger and Stronger

We know that the result of Friday’s price manipulation has understandably caused a lot of unrest in the community. However, we believe that the actions outlined above will put in place everything needed to avoid this issue happening again in the future. Furthermore, we’d like to highlight that many of our community members have continued to HODL and maintain their belief in the DFE and the Digitex vision. 

We are grateful for the continued support of our loyal community. Those who have been holding DGTX in the long term are already as tough as nails, and we know that this is just another hurdle on our path to becoming one of the biggest brands in crypto. If anything, this is another great opportunity to buy DGTX at knockdown prices.

Anyone in doubt only needs to listen to the ringing endorsements from some of crypto’s best-known influencers who joined us on YouTube on Friday

By continuing to onboard new users and drive more demand for DGTX, we can and will rebuild the previous upward pressure, returning value to our token holders. After spending the last few days wrangling with these difficult issues, we will be pleased to spend the rest of the week recapping on the strong fundamentals of Digitex as a company, a brand, and a token, along with the positive efforts during our launch event to achieve these goals. 

Latest News

Launch

Join Our Live Public Launch Event on YouTube

Digitex Futures
• Digitex Futures
July 31, 2020

The Digitex Futures exchange is open to the public, and it’s time to celebrate!

From this moment, anyone and everyone can access zero-fee cryptocurrency futures trading on the Digitex Futures exchange. It’s been a hell of a ride to get here, but we always knew we’d make it in the end.

And what a day we have planned.

Starting from 13:00 UTC (09:00 EST, 14:00 BST, 15:00 CET, and 16:00 MSK), we will be LIVE on YouTube for a marathon, five-hour streaming session. We have an absolutely stellar lineup of crypto influencers, traders, and long-standing Digitex supporters including:

  • Ivan on Tech
  • Trader Cobb
  • Money Guru
  • CTO Larsson
  • Top Traders
  • Back&Lay PRO
  • Crypto Zombie
  • Doc Severson (Ready Set Crypto)
  • BitBoy Crypto
  • Altcoin Daily

PLUS – our biggest-ever giveaway of $250,000 worth of DGTX tokens and a haul of Digitex-branded merchandise. There will be over 1,500 winners in total, with a prize distribution every thirty minutes.

Stay tuned until the very end to be in with a chance of becoming one of ten lucky winners who walks away with a grand prize of $5,000 worth of DGTX each.

Adam will be online throughout the whole event, accompanied by a guest host. They’ll be taking your questions, splashing the DGTX, and generally making sure that our launch day gets the full-on party treatment that it richly deserves.

YOU DON’T WANT TO MISS THIS!

Tune in now. You can watch above, or over on our YouTube channel where we’ll be taking your questions live from the chat.

To participate in the giveaway*, you have to be logged into your Digitex Futures exchange account, making trades, and with a minimum deposit of 1,000 DGTX in your account.

*Full terms and conditions apply, see our event announcement for further details.

July 31, 2020
Digitex Futures

Join Our Live Public Launch Event on YouTube

Digitex Futures
Launch

The Digitex Futures exchange is open to the public, and it’s time to celebrate!

From this moment, anyone and everyone can access zero-fee cryptocurrency futures trading on the Digitex Futures exchange. It’s been a hell of a ride to get here, but we always knew we’d make it in the end.

And what a day we have planned.

Starting from 13:00 UTC (09:00 EST, 14:00 BST, 15:00 CET, and 16:00 MSK), we will be LIVE on YouTube for a marathon, five-hour streaming session. We have an absolutely stellar lineup of crypto influencers, traders, and long-standing Digitex supporters including:

  • Ivan on Tech
  • Trader Cobb
  • Money Guru
  • CTO Larsson
  • Top Traders
  • Back&Lay PRO
  • Crypto Zombie
  • Doc Severson (Ready Set Crypto)
  • BitBoy Crypto
  • Altcoin Daily

PLUS – our biggest-ever giveaway of $250,000 worth of DGTX tokens and a haul of Digitex-branded merchandise. There will be over 1,500 winners in total, with a prize distribution every thirty minutes.

Stay tuned until the very end to be in with a chance of becoming one of ten lucky winners who walks away with a grand prize of $5,000 worth of DGTX each.

Adam will be online throughout the whole event, accompanied by a guest host. They’ll be taking your questions, splashing the DGTX, and generally making sure that our launch day gets the full-on party treatment that it richly deserves.

YOU DON’T WANT TO MISS THIS!

Tune in now. You can watch above, or over on our YouTube channel where we’ll be taking your questions live from the chat.

To participate in the giveaway*, you have to be logged into your Digitex Futures exchange account, making trades, and with a minimum deposit of 1,000 DGTX in your account.

*Full terms and conditions apply, see our event announcement for further details.

Latest News

Launch

Liquidation Refunds and Final Reminder for Launch Day

Digitex Futures
• Adam Todd
July 30, 2020

Please note that the information in this post has now been superseded by the information in a later blog post from Monday August 3.

At Digitex, we’re always looking for ways to make sure our users have the very best trading experience possible, and to ensure we stand apart from the competition. Recently, Adam has been looking at our liquidation model and whether or not it can be improved. Here, he explains that we’re looking to make some changes to the Liquidation system, and the rationale behind them. 

The current liquidation system used on the DFE is an exact copy of the system used by other cryptocurrency futures exchanges. The system is designed to penalize the trader for having taken their losing position to the Liquidation price. When a trader’s losing position hits his Liquidation price he is stopped out at the worse Bankruptcy price and the system gain made by doing this is added to the Insurance Fund.

This mechanism is deemed necessary in order to keep the Insurance Fund topped up for when very volatile conditions cause the exchange to lose money as a result of liquidating highly leveraged traders who cannot cover their losses. All the major cryptocurrency futures exchanges use some variation of this system and we built the DFE to mirror current accepted practices.

But it’s very unfair to the trader who gets stopped out because his loss is bigger than it should be. At Digitex we already have a large Insurance Fund that’s fit for purpose. We’re not interested in unthinkingly copying the practices of competitor exchanges, especially when it means penalizing traders and taking their money unfairly. 

In the last week, due to volatility in the price of Bitcoin, our system gains from liquidations amounted to 2 million DGTX. While this is good news for the Insurance Fund, it’s bad news for the traders whose losses were bigger than they should have been.

Digitex Takes a Fresh Approach

With this in mind, we have decided to refund all the system gains that we have made from traders who were liquidated whilst we figure out a better system for liquidation. 

For the foreseeable future, we will continue to refund all system gains made whilst we figure out a better way. After all, we successfully figured out how to completely eliminate all trading fees and create a fairer trading environment. Continuing this ethos means we’re now focusing on how to eliminate the inequalities in our liquidation system. 

Put simply, copying any system that BitMex has designed is never a good idea if you have the best interests of traders at heart. The Digitex Futures exchange is a new kind of exchange that exists to enrich and empower its traders. That means completely removing any and all mechanical edges that might be working against them, even if we have to go back to the drawing board and design our own unique system from scratch.

If you have had a losing position that was forcibly liquidated by our system we will automatically refund whatever system gain we made on that liquidation back to your main wallet. We are currently working out exactly who to refund and how much, so you can expect to receive your refund by the end of next week. This applies for all trades since you joined the DFE mainnet. 

Until further notice, we will refund all system gains at the end of each day until we have developed a new system that eliminates the possibility of system gains being collected in the first place. 

You can consider it just one more way that Digitex stands apart from the competition by being the only exchange on the market that has its interests aligned with those of its users. 

Final Reminder to Sign Up for Tomorrow

If you haven’t set a reminder already, then I would urge you to make sure you’re online tomorrow for our big Launch Day Trading Event on YouTube. The Digitex team has been working really hard to make sure it’s going to be a day to remember, with a schedule packed full of some huge crypto influencers and pro traders. 

With a massive $250,000 worth of DGTX to give away, we’re making it so difficult for you guys to lose money. So don’t miss it – get on over to YouTube and make sure you’re online on the DFE and trading with at least 1000 DGTX in your wallet and you’ll be in with a chance of walking away with some free DGTX. See you then! 

July 30, 2020
Digitex Futures

Liquidation Refunds and Final Reminder for Launch Day

Adam Todd
Launch

Please note that the information in this post has now been superseded by the information in a later blog post from Monday August 3.

At Digitex, we’re always looking for ways to make sure our users have the very best trading experience possible, and to ensure we stand apart from the competition. Recently, Adam has been looking at our liquidation model and whether or not it can be improved. Here, he explains that we’re looking to make some changes to the Liquidation system, and the rationale behind them. 

The current liquidation system used on the DFE is an exact copy of the system used by other cryptocurrency futures exchanges. The system is designed to penalize the trader for having taken their losing position to the Liquidation price. When a trader’s losing position hits his Liquidation price he is stopped out at the worse Bankruptcy price and the system gain made by doing this is added to the Insurance Fund.

This mechanism is deemed necessary in order to keep the Insurance Fund topped up for when very volatile conditions cause the exchange to lose money as a result of liquidating highly leveraged traders who cannot cover their losses. All the major cryptocurrency futures exchanges use some variation of this system and we built the DFE to mirror current accepted practices.

But it’s very unfair to the trader who gets stopped out because his loss is bigger than it should be. At Digitex we already have a large Insurance Fund that’s fit for purpose. We’re not interested in unthinkingly copying the practices of competitor exchanges, especially when it means penalizing traders and taking their money unfairly. 

In the last week, due to volatility in the price of Bitcoin, our system gains from liquidations amounted to 2 million DGTX. While this is good news for the Insurance Fund, it’s bad news for the traders whose losses were bigger than they should have been.

Digitex Takes a Fresh Approach

With this in mind, we have decided to refund all the system gains that we have made from traders who were liquidated whilst we figure out a better system for liquidation. 

For the foreseeable future, we will continue to refund all system gains made whilst we figure out a better way. After all, we successfully figured out how to completely eliminate all trading fees and create a fairer trading environment. Continuing this ethos means we’re now focusing on how to eliminate the inequalities in our liquidation system. 

Put simply, copying any system that BitMex has designed is never a good idea if you have the best interests of traders at heart. The Digitex Futures exchange is a new kind of exchange that exists to enrich and empower its traders. That means completely removing any and all mechanical edges that might be working against them, even if we have to go back to the drawing board and design our own unique system from scratch.

If you have had a losing position that was forcibly liquidated by our system we will automatically refund whatever system gain we made on that liquidation back to your main wallet. We are currently working out exactly who to refund and how much, so you can expect to receive your refund by the end of next week. This applies for all trades since you joined the DFE mainnet. 

Until further notice, we will refund all system gains at the end of each day until we have developed a new system that eliminates the possibility of system gains being collected in the first place. 

You can consider it just one more way that Digitex stands apart from the competition by being the only exchange on the market that has its interests aligned with those of its users. 

Final Reminder to Sign Up for Tomorrow

If you haven’t set a reminder already, then I would urge you to make sure you’re online tomorrow for our big Launch Day Trading Event on YouTube. The Digitex team has been working really hard to make sure it’s going to be a day to remember, with a schedule packed full of some huge crypto influencers and pro traders. 

With a massive $250,000 worth of DGTX to give away, we’re making it so difficult for you guys to lose money. So don’t miss it – get on over to YouTube and make sure you’re online on the DFE and trading with at least 1000 DGTX in your wallet and you’ll be in with a chance of walking away with some free DGTX. See you then! 

Latest News

Full Schedule

Full Schedule for July 31 Launch Day Trading Event

Digitex Futures
• Digitex Futures
July 28, 2020

This Friday, July 31, is set to be the biggest day in the history of Digitex as we throw open the doors of the DFE and launch zero-fee crypto futures trading to the public for the very first time. As you know, we have plenty lined up to celebrate on the day. Here, we spell out the full schedule including, who, what and when, plus all the terms of participation in our massive $250,000 DGTX giveaway.

The event will start at 1300 UTC (0900 EST, 1400 BST, 1500 CET, or 1600 MSK) on Friday, July 31 with Adam kicking off the event, and supported by a surprise co-host.

Throughout the day, he’ll be joined by a stellar lineup of influencers and top crypto traders. Meanwhile, we’ll be splashing around DGTX prizes all day. Every thirty minutes throughout the event, we’ll be alternating between giving DGTX prizes and Digitex-branded merchandise prizes. Make sure you’re online on the DFE to be in with a chance of winning your prize.

The end of the event will be the biggest giveaway, where we award ten traders with $5,000 worth of DGTX each. Traders that have been actively trading throughout the event will be in with the best chance of winning this mega prize.

The full schedule is below. All times are shown in UTC. Each of the guests joining Adam will be streaming the event to their own audiences for the duration of the time they’re live.

  • 13:00 – Introduction
  • 13:15 – Ivan on Tech
  • 13:45 – Trader Cobb
  • 14:15 — Money Guru
  • 14:45 — TBA
  • 15:00 — Top Traders
  • 15:30 — Back and Lay Pro
  • 16:00 — Crypto Zombie
  • 16:30 — Doc Severson
  • 17:00 — Bitboy
  • 17:40 — Altcoin Daily
  • 18:00  Adam will close the event and ten traders will each receive a massive DGTX prize worth $5,000 (filled in their accounts).

All the way throughout the event, Adam and his co-host will be answering your questions, as well as confirming winners.

It’s going to be an action-packed day, so you’ll want to make sure you don’t miss a moment. If you haven’t yet done so, head on over to YouTube to make sure you’ve set a reminder.

LAUNCH EVENT TERMS, CONDITIONS and DISCLAIMERS

The terms and conditions for participation in the launch event giveaways are detailed below.

$5,000 worth of DGTX RAFFLE CONTEST:

There will be 10 lucky winners. At the end of the live event period* five lucky winners will be randomly selected to win $5,000 worth of DGTX.

To be eligible to win you will need to have:

  • An active DFE mainnet account
  • A minimum deposit of 1,000 DGTX in your mainnet account
  • Placed trades during the live event period*

Your winnings will be deposited directly into your DFE main net account.

To withdraw the winning tokens, you will be required to trade 50,000 contracts on the DFE mainnet once you’ve received your  winning tokens.

$200 worth of DGTX RAFFLE CONTEST:

There will be 1000 lucky winners. Every hour during the live event period* 200  lucky winners will be selected to win 200$ worth of DGTX.

To be eligible to win you will need to have:

  • An active DFE mainnet account
  • A minimum deposit of 1,000 DGTX in your mainnet account
  • Placed trades during the live event period*

Your winnings will be deposited directly to your DFE mainnet account.

To withdraw the winning tokens, you will be required to trade 10,000 contracts on the DFE mainnet once you’ve received your winning tokens.

Merchandise RAFFLE CONTEST:

We will randomly select 500 eligible traders to win one item of DGTX-branded merchandise during the live event period.*

Winners of the merchandise prizes will be notified by email. The redemption of merchandise winnings will be performed via two steps unless notified otherwise:

  • Winners must reply to the Winner Notification Email, no later than 24 hours after the beginning of the event. The claiming period starts at 13:00 UTC July 31, 2020, and ends at 13:00 UTC August 1, 2020).
  • After replying to the email, Winner will receive a second email with a form to complete the required information to receive their merchandise. All forms need to be filled by 13:00 UTC on August 1, 2020. All late submissions will be deemed ineligible claims and prizes will be forfeited.

Digitex Ltd will not be held liable in the event the merchandise raffle prize winners cannot be contacted for whatever reasons after at least two attempts to email the winner.

General Terms

  1. We reserve the right to disqualify any individual who we have reason to believe has breached contest conditions or engaged in any unlawful or other improper misconduct calculated to jeopardize the fair and proper conduct of the contest.
  2. DGTX prizes must be traded within thirty (30) days of the date of deposit. Failure to meet the minimum trading requirements will result in the winning DGTX being forfeited.
  3. DGTX Raffle Prizes are calculated according to the value of DGTX at the time of distribution. The quantity of DGTX is non-transferable to another account and determined at our sole discretion.
  4. In the event that a winner chooses not to accept a Prize, they forfeit any and all claims to their prize,  which will be dealt  with at our discretion.
  5. We reserve the rights to use the names and/or photographs of the Winner as materials for the purposes of advertising, trade and/or publicity, without any prior notice to the  Contestants. The Winner shall not be entitled to claim ownership or other forms of compensation on materials used.
  6. Our decisions on all matters pertaining to the Contest shall be final and binding and no further correspondence or attempt to dispute such decision will be considered.
  7. We reserve the right to amend these rules at any time.
  8. A person is ineligible to enter and/or win Raffle contest if:
  • They are an employee or a member of the immediate family of an employee of Digitex Ltd/affiliate associated with the contest.
  • They are discovered to have used or to have attempted to use, multiple names or pseudonyms in order to qualify to win prizes.
  • A member of that person’s family or household has won a prize in any competition.
  • They have the same IP address or wallet address as another winner.

*Live event period is 13:00 UTC to 18:00 UTC on Friday, July 31, 2020.

July 28, 2020
Digitex Futures

Full Schedule for July 31 Launch Day Trading Event

Digitex Futures
Full Schedule

This Friday, July 31, is set to be the biggest day in the history of Digitex as we throw open the doors of the DFE and launch zero-fee crypto futures trading to the public for the very first time. As you know, we have plenty lined up to celebrate on the day. Here, we spell out the full schedule including, who, what and when, plus all the terms of participation in our massive $250,000 DGTX giveaway.

The event will start at 1300 UTC (0900 EST, 1400 BST, 1500 CET, or 1600 MSK) on Friday, July 31 with Adam kicking off the event, and supported by a surprise co-host.

Throughout the day, he’ll be joined by a stellar lineup of influencers and top crypto traders. Meanwhile, we’ll be splashing around DGTX prizes all day. Every thirty minutes throughout the event, we’ll be alternating between giving DGTX prizes and Digitex-branded merchandise prizes. Make sure you’re online on the DFE to be in with a chance of winning your prize.

The end of the event will be the biggest giveaway, where we award ten traders with $5,000 worth of DGTX each. Traders that have been actively trading throughout the event will be in with the best chance of winning this mega prize.

The full schedule is below. All times are shown in UTC. Each of the guests joining Adam will be streaming the event to their own audiences for the duration of the time they’re live.

  • 13:00 – Introduction
  • 13:15 – Ivan on Tech
  • 13:45 – Trader Cobb
  • 14:15 — Money Guru
  • 14:45 — TBA
  • 15:00 — Top Traders
  • 15:30 — Back and Lay Pro
  • 16:00 — Crypto Zombie
  • 16:30 — Doc Severson
  • 17:00 — Bitboy
  • 17:40 — Altcoin Daily
  • 18:00  Adam will close the event and ten traders will each receive a massive DGTX prize worth $5,000 (filled in their accounts).

All the way throughout the event, Adam and his co-host will be answering your questions, as well as confirming winners.

It’s going to be an action-packed day, so you’ll want to make sure you don’t miss a moment. If you haven’t yet done so, head on over to YouTube to make sure you’ve set a reminder.

LAUNCH EVENT TERMS, CONDITIONS and DISCLAIMERS

The terms and conditions for participation in the launch event giveaways are detailed below.

$5,000 worth of DGTX RAFFLE CONTEST:

There will be 10 lucky winners. At the end of the live event period* five lucky winners will be randomly selected to win $5,000 worth of DGTX.

To be eligible to win you will need to have:

  • An active DFE mainnet account
  • A minimum deposit of 1,000 DGTX in your mainnet account
  • Placed trades during the live event period*

Your winnings will be deposited directly into your DFE main net account.

To withdraw the winning tokens, you will be required to trade 50,000 contracts on the DFE mainnet once you’ve received your  winning tokens.

$200 worth of DGTX RAFFLE CONTEST:

There will be 1000 lucky winners. Every hour during the live event period* 200  lucky winners will be selected to win 200$ worth of DGTX.

To be eligible to win you will need to have:

  • An active DFE mainnet account
  • A minimum deposit of 1,000 DGTX in your mainnet account
  • Placed trades during the live event period*

Your winnings will be deposited directly to your DFE mainnet account.

To withdraw the winning tokens, you will be required to trade 10,000 contracts on the DFE mainnet once you’ve received your winning tokens.

Merchandise RAFFLE CONTEST:

We will randomly select 500 eligible traders to win one item of DGTX-branded merchandise during the live event period.*

Winners of the merchandise prizes will be notified by email. The redemption of merchandise winnings will be performed via two steps unless notified otherwise:

  • Winners must reply to the Winner Notification Email, no later than 24 hours after the beginning of the event. The claiming period starts at 13:00 UTC July 31, 2020, and ends at 13:00 UTC August 1, 2020).
  • After replying to the email, Winner will receive a second email with a form to complete the required information to receive their merchandise. All forms need to be filled by 13:00 UTC on August 1, 2020. All late submissions will be deemed ineligible claims and prizes will be forfeited.

Digitex Ltd will not be held liable in the event the merchandise raffle prize winners cannot be contacted for whatever reasons after at least two attempts to email the winner.

General Terms

  1. We reserve the right to disqualify any individual who we have reason to believe has breached contest conditions or engaged in any unlawful or other improper misconduct calculated to jeopardize the fair and proper conduct of the contest.
  2. DGTX prizes must be traded within thirty (30) days of the date of deposit. Failure to meet the minimum trading requirements will result in the winning DGTX being forfeited.
  3. DGTX Raffle Prizes are calculated according to the value of DGTX at the time of distribution. The quantity of DGTX is non-transferable to another account and determined at our sole discretion.
  4. In the event that a winner chooses not to accept a Prize, they forfeit any and all claims to their prize,  which will be dealt  with at our discretion.
  5. We reserve the rights to use the names and/or photographs of the Winner as materials for the purposes of advertising, trade and/or publicity, without any prior notice to the  Contestants. The Winner shall not be entitled to claim ownership or other forms of compensation on materials used.
  6. Our decisions on all matters pertaining to the Contest shall be final and binding and no further correspondence or attempt to dispute such decision will be considered.
  7. We reserve the right to amend these rules at any time.
  8. A person is ineligible to enter and/or win Raffle contest if:
  • They are an employee or a member of the immediate family of an employee of Digitex Ltd/affiliate associated with the contest.
  • They are discovered to have used or to have attempted to use, multiple names or pseudonyms in order to qualify to win prizes.
  • A member of that person’s family or household has won a prize in any competition.
  • They have the same IP address or wallet address as another winner.

*Live event period is 13:00 UTC to 18:00 UTC on Friday, July 31, 2020.

Latest News

dfe

DFE Stoploss Teaser, Coming to Mainnet in August

Digitex Futures
• Digitex Futures

As our long-time supporters know, the DFE is all about user experience. In this short video, we demonstrate some of the upcoming UX improvements that users can expect from the conditional ordering features we recently rolled out on the DFE mainnet. 

Currently, the conditional orders, including stop-loss, are accessible via the “Tools” tab of the “Recent Trades” pane. Last week, Cryptrader walked through in detail how you can access the stop-loss feature and other conditional orders in one of his regular trading tips videos.

Although the conditional orders are now live on mainnet, we know that the interface for setting them up is somewhat clunky. The UX mission of the DFE is to make sure that a trader never has to take their eyes away from the price action for any longer than absolutely necessary. So the developers have been working to make sure that this also applies to the conditional ordering feature.

As you can see from the demo video above, once we put this live, traders will be able to quickly set their stop-loss and take-profit orders at the moment they place the order, right from within the confirmation screen. This feature will significantly reduce the time it takes to set up your conditional orders, meaning there’s a lower risk of price slippage while you’re configuring the options.

This feature isn’t yet live, but we wanted to share a teaser with you to demonstrate one area of development you can look forward to this summer, and as part of our unerring commitment to creating the very best user experience for all DFE traders.

If you have feedback or other suggestions for improvements to the DFE, our support team are available 24/7! You can either open a ticket, or head on over to our lively Telegram channel and join the conversation.

Volume Continues to Skyrocket

Bitcoin has been off on a tear over the last few days, breaking through the $11,000 barrier in the last 24 hours, only to pull back somewhat. However, most of the analysts seem to agree that we can expect further volatility from the flagship cryptocurrency.

And our mainnet traders are absolutely loving riding all the highs and the lows. Yesterday, we reported record 24-hour volumes of $1.4 billion on the DFE. As of late last night, we had smashed through the $2 billion mark and almost hit $3 billion.

DFE Stoploss Teaser, Coming to Mainnet in August 15

If this keeps going, the sky is the limit by the time we reach the big launch event on Friday. If you haven’t yet set your reminder, head on over to YouTube to make sure you don’t miss out!

July 28, 2020
Digitex Futures

DFE Stoploss Teaser, Coming to Mainnet in August

Digitex Futures
dfe

As our long-time supporters know, the DFE is all about user experience. In this short video, we demonstrate some of the upcoming UX improvements that users can expect from the conditional ordering features we recently rolled out on the DFE mainnet. 

Currently, the conditional orders, including stop-loss, are accessible via the “Tools” tab of the “Recent Trades” pane. Last week, Cryptrader walked through in detail how you can access the stop-loss feature and other conditional orders in one of his regular trading tips videos.

Although the conditional orders are now live on mainnet, we know that the interface for setting them up is somewhat clunky. The UX mission of the DFE is to make sure that a trader never has to take their eyes away from the price action for any longer than absolutely necessary. So the developers have been working to make sure that this also applies to the conditional ordering feature.

As you can see from the demo video above, once we put this live, traders will be able to quickly set their stop-loss and take-profit orders at the moment they place the order, right from within the confirmation screen. This feature will significantly reduce the time it takes to set up your conditional orders, meaning there’s a lower risk of price slippage while you’re configuring the options.

This feature isn’t yet live, but we wanted to share a teaser with you to demonstrate one area of development you can look forward to this summer, and as part of our unerring commitment to creating the very best user experience for all DFE traders.

If you have feedback or other suggestions for improvements to the DFE, our support team are available 24/7! You can either open a ticket, or head on over to our lively Telegram channel and join the conversation.

Volume Continues to Skyrocket

Bitcoin has been off on a tear over the last few days, breaking through the $11,000 barrier in the last 24 hours, only to pull back somewhat. However, most of the analysts seem to agree that we can expect further volatility from the flagship cryptocurrency.

And our mainnet traders are absolutely loving riding all the highs and the lows. Yesterday, we reported record 24-hour volumes of $1.4 billion on the DFE. As of late last night, we had smashed through the $2 billion mark and almost hit $3 billion.

DFE Stoploss Teaser, Coming to Mainnet in August 16

If this keeps going, the sky is the limit by the time we reach the big launch event on Friday. If you haven’t yet set your reminder, head on over to YouTube to make sure you don’t miss out!

Latest News

DFE

DFE Hit Massive 24 Hour Volume High of $1.4 billion

Digitex Futures
• Digitex Futures
July 27, 2020

This weekend, the DFE has set a new record 24-hour volume high. As of this morning, we have traded an astounding $1.4 billion in the last 24 hours. And we are still five days out from our public launch.

In the early hours of this morning, Bitcoin sailed past $10,000, which has represented a powerful multi-year resistance level. Crypto traders have responded with gusto, seeing trading volumes on all exchanges move towards a monthly high of $15 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 17
Source: Skew.com

As we aren’t yet open to the public, the DFE isn’t even yet listed on Skew. Yet our performance is already far outstripping some of the established players on here. Around 9am UTC this morning, our 24-hour volume was already past $1.4 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 18

For reference, the chart below shows the last week of trading volumes from Bybit, which has been open since early 2018 and claims to have 300,000 active users.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 19

We’ve been onboarding users in droves over the last month. Last week, we did the final big push on onboarding before the public launch, inviting everyone in our waitlist. As a result, we’ve been seeing daily active users increase exponentially since the end of June. But unlike Bybit, we can’t yet claim to have 300k active users.

And yet, we’ve surpassed their trading volume over the weekend.

So How Are We Doing It?

The DFE is achieving these kinds of volumes for two reasons. First off, we’ve been around for the last two years, during which time we’ve been continuously marketing our unique offering and built a large and loyal community, including an extensive waitlist, before we ever started onboarding traders. So it’s not like we’ve emerged from nowhere with all this liquidity – we’ve been onboarding users who have been chomping at the bit to get on the DFE and start trading. And there’s plenty of juice left in the marketing engine to enable further growth.

But the second reason is less prosaic. We’re achieving these volumes because we are changing the way that traders trade. With zero fees, there are zero limits to how much volume any one trader can put through the exchange in a single day. Unlike Bybit and the rest of the competition, our traders can hop in and out of positions with the click of a mouse, riding bulls and bears with as many trades as they like, without any house edge working against them. The unique zero-fee model combined with one-click trading creates a powerful opportunity for anyone to make money like nowhere else in crypto.

Due to this revolutionary new way to trade creating a paradise for scalpers and swing traders, the DFE is outperforming the competition even before we’ve opened to the public. What’s more, the DFE has only recently moved to offer 25x leverage, with 100x still to come. Bybit, BitMEX, and the others are already offering 100x leverage, meaning that DFE volumes will level up even further once traders have the opportunity for even greater gains.

We also have the API still in the pipeline, which once launched, will give users the ability to plug into the DFE and trade using bots. The development team will roll this out right after the public launch. While we’re eager to open algorithmic trading as soon as possible, we’re expecting a huge increase in users on Friday during our $250,000 DGTX giveaway, so we don’t want anything to jeopardize their first impressions of the DFE.

DGTX Gets Another Endorsement on YouTube

At the end of last week, YouTuber CTO Larssen posted a video with a ringing organic endorsement of the DGTX token. In the video, he explains why, even as someone who doesn’t trade with high frequency, DGTX is a worthy investment. Our unique business model means that with the public launch around the corner, demand for DGTX is set to skyrocket. CTO Larssen has captured some of this value as an early investor in DGTX. His video is a must-watch for any non-traders looking for the next big altcoin investment. Check it out below.

Full Friday Lineup Still to Come

Keep your eyes on the blog this week, because in the next couple of days, we’ll be announcing the full lineup for Friday’s big launch event. Last week, we confirmed the first raft of influencers who’ll be participating with Adam live on the day, including Ivan on Tech, Altcoin Daily, Crypto Zombie and more. With even more big-name pro traders and crypto influencers to come, July 31 is set to be summer’s hottest day in crypto. Watch this space!

July 27, 2020
Digitex Futures

DFE Hit Massive 24 Hour Volume High of $1.4 billion

Digitex Futures
DFE

This weekend, the DFE has set a new record 24-hour volume high. As of this morning, we have traded an astounding $1.4 billion in the last 24 hours. And we are still five days out from our public launch.

In the early hours of this morning, Bitcoin sailed past $10,000, which has represented a powerful multi-year resistance level. Crypto traders have responded with gusto, seeing trading volumes on all exchanges move towards a monthly high of $15 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 20
Source: Skew.com

As we aren’t yet open to the public, the DFE isn’t even yet listed on Skew. Yet our performance is already far outstripping some of the established players on here. Around 9am UTC this morning, our 24-hour volume was already past $1.4 billion.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 21

For reference, the chart below shows the last week of trading volumes from Bybit, which has been open since early 2018 and claims to have 300,000 active users.

DFE Hit Massive 24 Hour Volume High of $1.4 billion 22

We’ve been onboarding users in droves over the last month. Last week, we did the final big push on onboarding before the public launch, inviting everyone in our waitlist. As a result, we’ve been seeing daily active users increase exponentially since the end of June. But unlike Bybit, we can’t yet claim to have 300k active users.

And yet, we’ve surpassed their trading volume over the weekend.

So How Are We Doing It?

The DFE is achieving these kinds of volumes for two reasons. First off, we’ve been around for the last two years, during which time we’ve been continuously marketing our unique offering and built a large and loyal community, including an extensive waitlist, before we ever started onboarding traders. So it’s not like we’ve emerged from nowhere with all this liquidity – we’ve been onboarding users who have been chomping at the bit to get on the DFE and start trading. And there’s plenty of juice left in the marketing engine to enable further growth.

But the second reason is less prosaic. We’re achieving these volumes because we are changing the way that traders trade. With zero fees, there are zero limits to how much volume any one trader can put through the exchange in a single day. Unlike Bybit and the rest of the competition, our traders can hop in and out of positions with the click of a mouse, riding bulls and bears with as many trades as they like, without any house edge working against them. The unique zero-fee model combined with one-click trading creates a powerful opportunity for anyone to make money like nowhere else in crypto.

Due to this revolutionary new way to trade creating a paradise for scalpers and swing traders, the DFE is outperforming the competition even before we’ve opened to the public. What’s more, the DFE has only recently moved to offer 25x leverage, with 100x still to come. Bybit, BitMEX, and the others are already offering 100x leverage, meaning that DFE volumes will level up even further once traders have the opportunity for even greater gains.

We also have the API still in the pipeline, which once launched, will give users the ability to plug into the DFE and trade using bots. The development team will roll this out right after the public launch. While we’re eager to open algorithmic trading as soon as possible, we’re expecting a huge increase in users on Friday during our $250,000 DGTX giveaway, so we don’t want anything to jeopardize their first impressions of the DFE.

DGTX Gets Another Endorsement on YouTube

At the end of last week, YouTuber CTO Larssen posted a video with a ringing organic endorsement of the DGTX token. In the video, he explains why, even as someone who doesn’t trade with high frequency, DGTX is a worthy investment. Our unique business model means that with the public launch around the corner, demand for DGTX is set to skyrocket. CTO Larssen has captured some of this value as an early investor in DGTX. His video is a must-watch for any non-traders looking for the next big altcoin investment. Check it out below.

Full Friday Lineup Still to Come

Keep your eyes on the blog this week, because in the next couple of days, we’ll be announcing the full lineup for Friday’s big launch event. Last week, we confirmed the first raft of influencers who’ll be participating with Adam live on the day, including Ivan on Tech, Altcoin Daily, Crypto Zombie and more. With even more big-name pro traders and crypto influencers to come, July 31 is set to be summer’s hottest day in crypto. Watch this space!

Latest News

dgtx

The Long Range View for DGTX

Digitex Futures
• Sulla Felix
July 24, 2020

This time next week, Digitex Futures will be opening the DFE to the public with a trading extravaganza like no other. The team has over $250,000 of giveaways and rewards for traders participating in the event, and it’s safe to say that the anticipation and excitement for Friday, July 31, 2020, is palpable. But that day is only the very beginning.

This week’s blog post by Ali Martinez verified the community’s anticipation of launch as he analyzed the current price action of the DGTX token, drawing a clear correlation between the DGTX price appreciation and an increase in the total number of addresses with DGTX tokens. It was great to see his metrics as they demonstrate interest is mounting for the DGTX project and what the team is about to achieve: that long-awaited, liquid, commission-free, intuitive trading platform that genuinely takes the house edge out of trading.

With all the current growth and developments, it’s easy to lose sight of the real potential that DGTX offers to not just the crypto market, but ALL markets. At this moment, The DFE is storming up the CMC rankings, achieving daily trading volumes now in excess of $600 million in a single market – Bitcoin perpetual futures.

For those of us who have been supporting this project over the last two and a half years, seeing this vision come to reality feels like Digitex is just one week out from bursting across the finish line. However, the reality couldn’t be further from the truth. Both long term and new investors will soon come to realize that this beast is just getting started.

DGTX Market Roadmap

If we look at what the team has managed to deliver between May 2019 and today, it makes for exhaustive reading. Writing this article, I tried to sit down and create a comprehensive list of functional achievements required to produce such an exchange.

Everything from user security and account settings, developing an intuitive trading ladder, a market maker trading engine, an API, conditional order tools, BTC spot price, contract value dynamics – to name just a few. The list is extensive, and in reality, this complexity is understood by just a few people (namely SmartDec). I define the work to date as Digitex laying its foundations. The support structures have been built, and next up is the utilities.

An unofficial roadmap for The DFE trading markets rollout might look as follows:

The Long Range View for DGTX 23

­­This rollout diagram conveys a simple point – that the BTC/USD market is just the beginning of our DGTX journey. Each of these markets will bring in new interested users who are looking to take advantage of zero-commission trading.

With the current economic conditions, volatility is through the roof or alternatively, through the floor. What trader wouldn’t have signed up to DGTX if it meant they could short crude oil as prices went negative, or long the recovery thereafter?

By utilizing the DGTX token, the Digitex team are able to incorporate some of the largest markets on the planet onto their exchange, a feat that will set them apart from the competition in the coming months. To better gauge the magnitude of this, we will delve into the market size of some of these trading pairs.

Market Size Visualisation

Cryptocurrency – $277 Billion

The above roadmap should not be underestimated when considering the DGTX token utility and potential. To those in the crypto-sphere, it’s fair to say that Bitcoin is the coin against which all others are benchmarked. The belief that other tokens can surpass the reigning champ is laughable to many hardcore hodlers.

Although I don’t care to debate this, there are some considerations whilst benchmarking DGTX against the market leader.

The total market cap for cryptocurrency at the time of writing is $277 Billion with Bitcoin (BTC), ranging between 60-70% market dominance. This means that, in the cryptocurrency sector, BTC is the biggest fish in the pond. It is nearly six times bigger than its closest rival, Ethereum (ETH), and 19 times bigger than both Ripple (XRP) and Tether (USDT).

The cryptocurrency market value is visually represented below, with Bitcoin roughly twice as big as all other cryptocurrencies combined.

The Long Range View for DGTX 24

Gold – $10.9 Trillion

However, comparing the market cap of BTC to that of gold is a humbling realization for the cryptocurrency champion. The metrics show that the current gold cap exceeds Bitcoin by a factor of thirty, not including jewelry and below-ground reserves.  For the DGTX token, the benefit of incorporating the gold market into the DFE is to create a direct link between cryptocurrency trading and traditional commodities.

This will allow users to hedge their cryptocurrency investments against the performance of gold without leaving the blockchain. Worried that crypto is going to go down in value but believe that gold will outperform the market? Then open a long on the DFE.

The Long Range View for DGTX 25

Digitex – A Decacorn?

This week I read a comment from a long-standing DGTX investor that simply read:

“Digitex Futures is a unicorn company.”

A unicorn company can be defined as a privately held start-up company valued at over $1 billion. If we take market cap as the defining metric, the top 18 cryptocurrencies currently maintain this status.

Personally, I’d go one step further and suggest that Digitex has the potential to be a decacorn – a company with a valuation above $10 billion. To achieve this status, the DGTX token would require a price in the region of $10, which recent Telegram polls suggest is the target for many current DGTX supporters.

The Long Range View for DGTX 26

One of the main reasons I see Digitex’s future as a decacorn company is because of its offering of traditional markets that have market capitalizations far exceeding that of just Bitcoin. These include gold, crude oil, and Fortune 500 companies.

Of the Fortune 500, the top five alone dominate with a combined market cap of $5.4Trillion. That’s thirty-one times larger than BTC.

The top 5 represents 24% of the Fortune 500, meaning the total market cap of this powerhouse is in the region of $21 trillion, or 124 times that of BTC.

Now considering the DFE is currently trading daily volumes in excess of $500 million on its BTC/USD market, we can start to get a picture for the DGTX potential if we can convert just a small fraction of traditional markets to use our ladder.

The Long Range View for DGTX 27

We haven’t even touched on the overall size of the global stock markets and indices. Trading the Nasdaq at the moment has higher volatility than the infamous BTC, and I can think of no better place to take advantage of the current price action than the DFE with zero commissions.

With an overall value of $89.5Trillion, these markets command different respect to that of young Bitcoin and its band of merry alt-coins.

The Long Range View for DGTX 28

What all this information represents to me is that even with Bitcoin’s dominance across the crypto-sphere, it is a small player in global finance. Herein lies the punch for the DGTX token – it offers a solution to trade futures in any market and does not restrict itself to the cryptocurrency realm. By offering a solution to trade futures contracts on astronomical markets such as gold, Fortune 500, and indices, Digitex has created a simply unique platform not just for cryptocurrency trading but all trading.

Tune in next time as we discuss the implications that these additional markets will have for the DGTX token and why the beginning is now, and the future is bright for The DFE.

References:

https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspx

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

July 24, 2020
Digitex Futures

The Long Range View for DGTX

Sulla Felix
dgtx

This time next week, Digitex Futures will be opening the DFE to the public with a trading extravaganza like no other. The team has over $250,000 of giveaways and rewards for traders participating in the event, and it’s safe to say that the anticipation and excitement for Friday, July 31, 2020, is palpable. But that day is only the very beginning.

This week’s blog post by Ali Martinez verified the community’s anticipation of launch as he analyzed the current price action of the DGTX token, drawing a clear correlation between the DGTX price appreciation and an increase in the total number of addresses with DGTX tokens. It was great to see his metrics as they demonstrate interest is mounting for the DGTX project and what the team is about to achieve: that long-awaited, liquid, commission-free, intuitive trading platform that genuinely takes the house edge out of trading.

With all the current growth and developments, it’s easy to lose sight of the real potential that DGTX offers to not just the crypto market, but ALL markets. At this moment, The DFE is storming up the CMC rankings, achieving daily trading volumes now in excess of $600 million in a single market – Bitcoin perpetual futures.

For those of us who have been supporting this project over the last two and a half years, seeing this vision come to reality feels like Digitex is just one week out from bursting across the finish line. However, the reality couldn’t be further from the truth. Both long term and new investors will soon come to realize that this beast is just getting started.

DGTX Market Roadmap

If we look at what the team has managed to deliver between May 2019 and today, it makes for exhaustive reading. Writing this article, I tried to sit down and create a comprehensive list of functional achievements required to produce such an exchange.

Everything from user security and account settings, developing an intuitive trading ladder, a market maker trading engine, an API, conditional order tools, BTC spot price, contract value dynamics – to name just a few. The list is extensive, and in reality, this complexity is understood by just a few people (namely SmartDec). I define the work to date as Digitex laying its foundations. The support structures have been built, and next up is the utilities.

An unofficial roadmap for The DFE trading markets rollout might look as follows:

The Long Range View for DGTX 29

­­This rollout diagram conveys a simple point – that the BTC/USD market is just the beginning of our DGTX journey. Each of these markets will bring in new interested users who are looking to take advantage of zero-commission trading.

With the current economic conditions, volatility is through the roof or alternatively, through the floor. What trader wouldn’t have signed up to DGTX if it meant they could short crude oil as prices went negative, or long the recovery thereafter?

By utilizing the DGTX token, the Digitex team are able to incorporate some of the largest markets on the planet onto their exchange, a feat that will set them apart from the competition in the coming months. To better gauge the magnitude of this, we will delve into the market size of some of these trading pairs.

Market Size Visualisation

Cryptocurrency – $277 Billion

The above roadmap should not be underestimated when considering the DGTX token utility and potential. To those in the crypto-sphere, it’s fair to say that Bitcoin is the coin against which all others are benchmarked. The belief that other tokens can surpass the reigning champ is laughable to many hardcore hodlers.

Although I don’t care to debate this, there are some considerations whilst benchmarking DGTX against the market leader.

The total market cap for cryptocurrency at the time of writing is $277 Billion with Bitcoin (BTC), ranging between 60-70% market dominance. This means that, in the cryptocurrency sector, BTC is the biggest fish in the pond. It is nearly six times bigger than its closest rival, Ethereum (ETH), and 19 times bigger than both Ripple (XRP) and Tether (USDT).

The cryptocurrency market value is visually represented below, with Bitcoin roughly twice as big as all other cryptocurrencies combined.

The Long Range View for DGTX 30

Gold – $10.9 Trillion

However, comparing the market cap of BTC to that of gold is a humbling realization for the cryptocurrency champion. The metrics show that the current gold cap exceeds Bitcoin by a factor of thirty, not including jewelry and below-ground reserves.  For the DGTX token, the benefit of incorporating the gold market into the DFE is to create a direct link between cryptocurrency trading and traditional commodities.

This will allow users to hedge their cryptocurrency investments against the performance of gold without leaving the blockchain. Worried that crypto is going to go down in value but believe that gold will outperform the market? Then open a long on the DFE.

The Long Range View for DGTX 31

Digitex – A Decacorn?

This week I read a comment from a long-standing DGTX investor that simply read:

“Digitex Futures is a unicorn company.”

A unicorn company can be defined as a privately held start-up company valued at over $1 billion. If we take market cap as the defining metric, the top 18 cryptocurrencies currently maintain this status.

Personally, I’d go one step further and suggest that Digitex has the potential to be a decacorn – a company with a valuation above $10 billion. To achieve this status, the DGTX token would require a price in the region of $10, which recent Telegram polls suggest is the target for many current DGTX supporters.

The Long Range View for DGTX 32

One of the main reasons I see Digitex’s future as a decacorn company is because of its offering of traditional markets that have market capitalizations far exceeding that of just Bitcoin. These include gold, crude oil, and Fortune 500 companies.

Of the Fortune 500, the top five alone dominate with a combined market cap of $5.4Trillion. That’s thirty-one times larger than BTC.

The top 5 represents 24% of the Fortune 500, meaning the total market cap of this powerhouse is in the region of $21 trillion, or 124 times that of BTC.

Now considering the DFE is currently trading daily volumes in excess of $500 million on its BTC/USD market, we can start to get a picture for the DGTX potential if we can convert just a small fraction of traditional markets to use our ladder.

The Long Range View for DGTX 33

We haven’t even touched on the overall size of the global stock markets and indices. Trading the Nasdaq at the moment has higher volatility than the infamous BTC, and I can think of no better place to take advantage of the current price action than the DFE with zero commissions.

With an overall value of $89.5Trillion, these markets command different respect to that of young Bitcoin and its band of merry alt-coins.

The Long Range View for DGTX 34

What all this information represents to me is that even with Bitcoin’s dominance across the crypto-sphere, it is a small player in global finance. Herein lies the punch for the DGTX token – it offers a solution to trade futures in any market and does not restrict itself to the cryptocurrency realm. By offering a solution to trade futures contracts on astronomical markets such as gold, Fortune 500, and indices, Digitex has created a simply unique platform not just for cryptocurrency trading but all trading.

Tune in next time as we discuss the implications that these additional markets will have for the DGTX token and why the beginning is now, and the future is bright for The DFE.

References:

https://www.fool.com/investing/2017/08/17/how-does-bitcoins-market-cap-stack-up-next-to-gold.aspx

https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/

Latest News