We’ve been firing on all cylinders lately here at Digitex and there’s more exciting news to come before this week is over! If the successful launch of the DGTX Rewards Program (now with over 23.7 million DGTX and 1,500 ETH staked) wasn’t enough, the system upgrades that we performed this week have allowed us to launch new markets more easily. So, we’re excited to say that we’re kicking off with forex! The first two markets EURUSD and USDJPY are now live on the mainnet and ready for you to trade. Here are all the details.
Digitex Forex Markets
Before you get started, you’ll need to know the following details about the forex markets here on Digitex. Read the information carefully and be sure to let us know if you have any questions. We’re available 24/7 through all the usual channels.
Forex Market Specs
One lot is currently worth 1184 DGTX on the EURUSD market, and here is how you work it out:
The minimum price increment (pip size) is 0.0001 and the value of one pip is 0.1 DGTX. So, for example, the price of the Euro against the US dollar is 1.1841 which is a total of 11841 pips, giving a contract value of 1184 DGTX to buy or sell one lot. If you use 100x leverage, then you only need 11.84 DGTX to buy or sell one lot.
The price of USDJPY is 103.83 and the tick size (pip size) is 0.01 and the pip value is 0.01 DGTX, which gives a lot size of 103.83 DGTX. So, with 100x leverage, you only need 1 DGTX to buy or sell 1 lot.
In the traditional forex industry, you’re trading against the house and therefore, you’re always on the wrong side of the spread. Here at Digitex, you’re trading P2P, with zero fees on any trades and absolutely no edge working against you. This makes trading forex on Digitex unlike any other forex market in the world and gives you a completely level playing field to trade on for the very first time.
With the upcoming launch of Digitex City on December 15, the lot value and the tick (pip) value will soon be denominated in DUSD stablecoin, the new native currency of Digitex. We’ll be letting you know all about the changeover in due course, but for now, all profit and losses will continue to be denominated in DGTX.
You can get started making gains and keeping hold of all your profits on the Digitex forex markets right now–and there couldn’t be a better time!
Madness Is Back at Digitex
In honor of launching our brand new, zero-fee forex markets, we’re kicking off another round of MADNESS starting on Monday and lasting the whole week. You can trade to win your share of our market maker losses totaling 200,000 DGTX a day. This will be split over two markets, EURUSD and USDJPY, with 100,000 allocated to each market–for a massive total of one million DGTX that will be lost by the market makers.
Don’t miss your chance not only to participate in the fairest forex market on the planet but also to benefit from deep liquidity and easy gains from Monday through Friday, November 23 to November 27 from 13:00 UTC to 17:00 UTC every day.
API Connectors Are Available for Bot Traders
Last thing, our API connectors are now available. The developers have written the connectors in two different programming languages, Python and C Sharp. These are frameworks that connect to our API, making it much simpler, easier and faster for traders to connect to our API. If you’re a bot trader, you’ll want to take full advantage of this for next week’s MADNESS event. Here are the links to set up your connectors:
The markets are already live now, so check them out and be sure to stock up on DGTX before the event begins. Happy trading everyone!