Last Thursday, October 15, we announced that after the successful switch to the ERC20 token standard, DGTX had been listed on Uniswap, the world’s largest decentralized exchange. On Friday, we shared the news that users will soon be able to participate in earning DGTX rewards by adding liquidity to the DGTX/ETH market on Uniswap. We’ll be kicking off the DGTX Rewards Program with a massive 5 million DGTX in rewards paid out over the course of one month. Read on to find out more about this exciting development.
DGTX Rewards Program with Uniswap Coming Soon
DeFi has soared in momentum in 2020 with billions of dollars of value pouring into its protocols and major gains being made through the latest trend of liquidity mining. Within this area, Uniswap has quickly grown into the world’s largest decentralized exchange and DeFi’s number-one protocol, accounting for nearly one-quarter of all locked-in value.
Now that we can list on Uniswap, we can take DGTX to new traders and expand our user base, and we’re creating a rewards program that incentivizes DGTX holders to add liquidity to Uniswap and in the process earn an extremely attractive passive income.
As a high-quality project that has built up a large and active community of traders, investors, and speculators, we want to offer our users the chance to participate in the DeFi economy in a safe way: opening up community access to the yield farming phenomenon while opening up the exchange to a broader user base.
The DGTX Rewards Program will therefore be linked with Uniswap, to incentivize on-chain liquidity of the DGTX token. Users receive DGTX tokens for providing liquidity on the DGTX/ETH market on Uniswap. The more liquidity they provide, and the longer they provide it, the greater share of the DGTX rewards they receive. Check out a sneak peek of the UI already being worked on below.
How Will It Work?
DGTX holders will need to go to Uniswap and create a new pool token by depositing an equal USD amount of DGTX and ETH into the DGTX/ETH market. When this happens, they automatically receive a new ‘Digiteth’ token which represents their share of the DGTX/ETH liquidity they have deposited into the pool. It is this pool token that allows them to earn rewards through the Digitex Rewards Program.
All they need to do is visit the DigitexCity.com website and deposit their pool tokens into the Digitex Rewards wallet. It’s that simple. Users will then be able to collect their DGTX token rewards after they withdraw their funds.
Digitex is setting aside 5 million DGTX for this 1-month kick-off promotion, and investors will be paid out daily in proportion to the percentage their pool tokens represent. This means the DGTX Rewards Program will pay out 166,666 DGTX tokens every day which is divided proportionately between all the pool token holders who have deposited their pool tokens into the program.
The Digitex Rewards Program is already under development and expected to launch during the second half of November. After the 1-month program is complete, the results will be reviewed with the potential of relaunching again with updated rewards terms.
One of the Highest ROIs in the Industry
You may be wondering why we are offering such a high ROI. Well, like everything we do at Digitex, we want to make it as appealing as possible to attract more and more participants! We’re also willing to pay such a high return because we will receive enormous value in return from building up liquidity on Uniswap and attracting more users to our Rewards Program and to the Digitex City ecosystem.
Also, keep in mind that, as more users participate in this offer, the demand for the DGTX token will increase and supply will constrict. This is in the best interests of all participants. You already know that Digitex City is coming up in December this year with our zero-fee spot and forex markets, the DUSD stablecoin, and the thriving social network.
We’re really excited about this latest development and hope that you will be too. Let us know your thoughts and questions via our usual channels and, don’t forget about the Madness coming up this Sunday. The Digitex market makers will be losing 1.4 million DGTX over the coming week. Be sure to stock up on DGTX to make some easy gains!
Stock up on DGTX ahead of the Rewards Program coming next month to earn your share of 5 million DGTX rewards.