The DFE has been launched and we’ve already revealed some of our plans for the rest of 2020. But in this video update recorded from our office in Kyiv, Adam gives a personal account of where we are right now, what we’re working on, and what you can expect in the coming months. Check it out.
First Video Update from Adam Since the Public Launch
After too many months of being locked down, it’s great for Adam to finally be back in close proximity with the development team. As you can see from the video, the Kyiv office is looking amazing and the SmartDec team is coming from Moscow this week to work closely with Adam and hammer out the details of all the products we’re working on.
Adam says that we’re going to be putting out a detailed plan with dates of what’s going to come over the next 12 months and we’ll be “dropping the new Digitex whitepaper” next Friday which will show you the extent of our ambitions for driving demand for the DGTX token.
The Digitex Futures Exchange
However, it’s not all about what’s going to come. We also have to recognize what is already here and what we’ve achieved so far. As Adam says, we’ve launched the world’s first zero-fee BTC futures exchange with a one-click trading ladder interface. We’ve only been in business for a few weeks and we’ve already garnered a loyal userbase of traders who are enjoying using the platform.
Adam recognizes that because of our marketing efforts over the last two years, our project attracted a lot of speculators who never intended to use the platform and who were always going to sell upon its launch. However, “that doesn’t mean the sky is falling in.” He points to all the influencers and pro traders at the live launch and how much they really enjoyed the product.
He also says that we’re ramping up our sales effort and converting new users with one on one sessions and educational material to get people comfortable using the ladder. “It’s all about building real actual genuine demand for the token beyond crypto speculators,” Adam says, “we’ve got a product and we want actual users for it.”
The Digitex Stablecoin (DUSD)
To that end, Adam recognizes that the price volatility of DGTX is a big factor in putting traders off trading on the platform. After all, he says, there is no point in making single-tick profits with no commissions on the ladder if the price of DGTX goes down while you’re doing it.
This is why we’re coming out with the stablecoin as soon as possible, the DUSD, so that traders can trade on the platform without worrying about DGTX volatility. This will attract more traders who are more confident in depositing larger sums of money. So both volumes and userbase will go up further, as will demand for the DGTX token.
Creating Further Demand for DGTX
Adam says that through the zero-fee futures exchange, we have established the popularity of the zero-fee model. He says that he has realized that it’s not just his job to create a futures exchange: his main job is to create as much demand for the DGTX token as possible, and he gives us a preview of some of the many projects that Digitex is already working on that will do exactly that.
These include a zero-fee prediction market, a zero-fee poker room, a zero-fee no house edge casino room, and a zero-fee eSports betting exchange. He reiterates that these aren’t just ideas but are all products that are actually being worked on now. We’re finalizing the details and the dates and it will all be ready for you to view in the updated Digitex whitepaper next week.
In summary? The exchange is out, we’re growing our user base, tackling the issue of DGTX volatility, and have a ton of awesome new products in the pipeline… Thanks for being part of our journey so far! The best is yet to come.