dgtx

Should DGTX Switch to an ERC-20?

Digitex Futures
• Digitex Futures
August 11, 2020

One of the recurring questions that came up during our live public launch event was: Is DGTX going to be listed on a major decentralized exchange? Here, we lay out the considerations and the benefits, and offer our community the chance to have a say.

Switching DGTX to ERC-20

The main consideration in getting DGTX listed on most decentralized exchanges (DEX) is a technical one. Currently, the DGTX token is issued on the ERC-223 token standard, which makes it incompatible with most DEXs. Therefore, as a prerequisite of most listings, we’d need to change the DGTX token to the ERC-20 standard.

From a technical perspective its actually pretty simple. We would re-issue every DGTX token as an ERC-20 token and deposit them into a smart contract on the Ethereum blockchain. You would then send in your old ERC-223 DGTX to that smart contract which will automatically burn them and send back the new ERC-20 DGTX to you in an instant, trustless transaction.

Once we’ve issued new DGTX tokens to the ERC-20 standard, we could begin the process of getting listed on all the major DEXs.

The Benefits of DEX Listings

There are plenty of good reasons why we should get DGTX listed on DEX’s. Decentralized finance (DeFi) is currently booming, with over $4.5 billion of value locked, according to DeFi Pulse. A significant proportion of this value comes from DEX’s such as Uniswap, Bancor, or Kyber Network.

The reason that DEX’s are so popular is that they offer several benefits over their centralized counterparts. Trades are managed using blockchain-based smart contracts, meaning that transactions are trustless. Furthermore, funds are held on a blockchain, meaning that DEX’s are non-custodial, and you can keep control of your own funds and private keys.

Because DEXs are decentralized, they aren’t under the control of any one jurisdiction and so don’t require users to undergo any KYC checks. This makes them inclusive and open to everyone.

Until the DeFi movement started to gain traction, DEX’s tended to suffer from a lack of liquidity compared to their centralized counterparts. As Adam has always pointed out, liquidity begets liquidity, meaning that liquid trading venues are more likely to attract traders who want to benefit from the liquidity, and in turn, contribute to the liquidity pool with their own trading activities.

Now that DeFi is starting to boom, and with the introduction of automated liquidity protocols such as Uniswap, liquidity is improving. This spells great news for listing DGTX on DEX’s, as it means that our token can benefit from these decentralized liquidity pools, and potentially gain visibility with new audiences.

Tell Us What You Think

Overall, Digitex is in favor of having DGTX listed on decentralized exchanges. We believe that it would demonstrate our support for a healthy Ethereum ecosystem and the burgeoning DeFi movement.

However, we are proud to be one of the only exchanges that aligns itself with the interests of our users. Therefore, we are seeking the input of our community before we take any action in this regard.

So, we are putting it to a poll. Should we switch the DGTX token from ERC-223 to ERC-20 so that we can get listed on more DEX’s? It’s up to you to decide. The polls are open on Telegram and Twitter for the next 24 hours. Head on over and let us know your views by voting now!

 

August 11, 2020
Digitex Futures

Should DGTX Switch to an ERC-20?

Digitex Futures
dgtx

One of the recurring questions that came up during our live public launch event was: Is DGTX going to be listed on a major decentralized exchange? Here, we lay out the considerations and the benefits, and offer our community the chance to have a say.

Switching DGTX to ERC-20

The main consideration in getting DGTX listed on most decentralized exchanges (DEX) is a technical one. Currently, the DGTX token is issued on the ERC-223 token standard, which makes it incompatible with most DEXs. Therefore, as a prerequisite of most listings, we’d need to change the DGTX token to the ERC-20 standard.

From a technical perspective its actually pretty simple. We would re-issue every DGTX token as an ERC-20 token and deposit them into a smart contract on the Ethereum blockchain. You would then send in your old ERC-223 DGTX to that smart contract which will automatically burn them and send back the new ERC-20 DGTX to you in an instant, trustless transaction.

Once we’ve issued new DGTX tokens to the ERC-20 standard, we could begin the process of getting listed on all the major DEXs.

The Benefits of DEX Listings

There are plenty of good reasons why we should get DGTX listed on DEX’s. Decentralized finance (DeFi) is currently booming, with over $4.5 billion of value locked, according to DeFi Pulse. A significant proportion of this value comes from DEX’s such as Uniswap, Bancor, or Kyber Network.

The reason that DEX’s are so popular is that they offer several benefits over their centralized counterparts. Trades are managed using blockchain-based smart contracts, meaning that transactions are trustless. Furthermore, funds are held on a blockchain, meaning that DEX’s are non-custodial, and you can keep control of your own funds and private keys.

Because DEXs are decentralized, they aren’t under the control of any one jurisdiction and so don’t require users to undergo any KYC checks. This makes them inclusive and open to everyone.

Until the DeFi movement started to gain traction, DEX’s tended to suffer from a lack of liquidity compared to their centralized counterparts. As Adam has always pointed out, liquidity begets liquidity, meaning that liquid trading venues are more likely to attract traders who want to benefit from the liquidity, and in turn, contribute to the liquidity pool with their own trading activities.

Now that DeFi is starting to boom, and with the introduction of automated liquidity protocols such as Uniswap, liquidity is improving. This spells great news for listing DGTX on DEX’s, as it means that our token can benefit from these decentralized liquidity pools, and potentially gain visibility with new audiences.

Tell Us What You Think

Overall, Digitex is in favor of having DGTX listed on decentralized exchanges. We believe that it would demonstrate our support for a healthy Ethereum ecosystem and the burgeoning DeFi movement.

However, we are proud to be one of the only exchanges that aligns itself with the interests of our users. Therefore, we are seeking the input of our community before we take any action in this regard.

So, we are putting it to a poll. Should we switch the DGTX token from ERC-223 to ERC-20 so that we can get listed on more DEX’s? It’s up to you to decide. The polls are open on Telegram and Twitter for the next 24 hours. Head on over and let us know your views by voting now!

 

Latest News

KuCoin

DGTX Now Listed on KuCoin! 

Digitex Futures
• Digitex Futures
June 30, 2020

We are thrilled to announce a brand-new listing for the DGTX token on major global trading platform KuCoin! Starting from July 3, traders can access DGTX paired with BTC and ETH. With our public launch only a matter of weeks away, the news couldn’t come at a better time! 

KuCoin is a global cryptocurrency exchange with a broad array of trading pairs available for its users. The company has been one of the fastest-growing in the crypto space, established in 2017 and now boasting more than five million users in over 200 countries. 

According to its website, one in every four crypto users in the world uses KuCoin. It has a solid reputation for security and customer service, along with excellent liquidity and a user-friendly interface. 

You Spoke, We Delivered! 

Speaking about the listing, Adam said: 

“Our community has been asking for a listing on a major exchange for a while now, and we’ve always been fans of the diversity of offering on KuCoin as well as its reach and popularity.”

He also thinks that getting listed on a global exchange spells excellent news in terms of ROI for our long-term DGTX HODLers, by providing even more depth of liquidity for our token: 

“As we head into the public launch of the Digitex Futures mainnet, being listed on KuCoin will allow us to get in front of even more traders and make buying DGTX even easier.” 

The KuCoin listing comes at the ideal time as we’re ramping up our mainnet onboarding ahead of launch. With thousands of traders using the exchange, demand for DGTX is set to skyrocket as the token utility comes into its own. Therefore, getting listed on a highly liquid global exchange is fantastic news for all our supporters, whether they’re traders, HODLers, or both. 

KuCoin will open for deposits from today, with the DGTX/ETH token pair listed from 10:00 UTC on July 2. DGTX/BTC will commence trading at the same time the following day. You can read the full announcement on KuCoin’s website. 

 

June 30, 2020
Digitex Futures

DGTX Now Listed on KuCoin! 

Digitex Futures
KuCoin

We are thrilled to announce a brand-new listing for the DGTX token on major global trading platform KuCoin! Starting from July 3, traders can access DGTX paired with BTC and ETH. With our public launch only a matter of weeks away, the news couldn’t come at a better time! 

KuCoin is a global cryptocurrency exchange with a broad array of trading pairs available for its users. The company has been one of the fastest-growing in the crypto space, established in 2017 and now boasting more than five million users in over 200 countries. 

According to its website, one in every four crypto users in the world uses KuCoin. It has a solid reputation for security and customer service, along with excellent liquidity and a user-friendly interface. 

You Spoke, We Delivered! 

Speaking about the listing, Adam said: 

“Our community has been asking for a listing on a major exchange for a while now, and we’ve always been fans of the diversity of offering on KuCoin as well as its reach and popularity.”

He also thinks that getting listed on a global exchange spells excellent news in terms of ROI for our long-term DGTX HODLers, by providing even more depth of liquidity for our token: 

“As we head into the public launch of the Digitex Futures mainnet, being listed on KuCoin will allow us to get in front of even more traders and make buying DGTX even easier.” 

The KuCoin listing comes at the ideal time as we’re ramping up our mainnet onboarding ahead of launch. With thousands of traders using the exchange, demand for DGTX is set to skyrocket as the token utility comes into its own. Therefore, getting listed on a highly liquid global exchange is fantastic news for all our supporters, whether they’re traders, HODLers, or both. 

KuCoin will open for deposits from today, with the DGTX/ETH token pair listed from 10:00 UTC on July 2. DGTX/BTC will commence trading at the same time the following day. You can read the full announcement on KuCoin’s website. 

 

Latest News

DFE

Latest News Roundup From the DFE

Digitex Futures
• Digitex Futures
June 22, 2020

It’s only Monday, and we already have a whole raft of Digitex news and updates to share! From a new exchange listing in Vietnam to the next round of our popular photo contest with giveaways, to a podcast interview with Adam – read on for all the latest from the DFE.

New Exchange Listing

To kick things off, we’re delighted to announce another new exchange listing for DGTX! VCC Exchange will soon start listing the DGTX token paired with ETH. The exchange is currently preparing the pair for deposits and withdrawals, which will open imminently.

VCC is focused predominantly on the Vietnamese and Singaporean markets, listing 135 coins in 211 token pairs. It offers a fiat onboarding service in Vietnamese dong and has worked with the Vietnamese government on various initiatives, including a legal framework for blockchain-based applications.

Photo Contest – Now Open Once Again!

The first round of our photo contest proved so popular with our mainnet traders that we’ve revived it. This time, the mainnet group can put their creativity to the test with a fresh round of prizes.

The rules are slightly different from the last contest but are very simple. Post a picture of your mainnet trading setup either at home, or in a unique, beautiful, or interesting location on Twitter or Facebook and send it in using this form.

We will raffle the prizes on July 1, live! Prizes are as follows:

  • First place – 5,000 DGTX
  • Second and third place – A silver DGTX coin
  • Fourth and fifth place – A Digitex cap or t-shirt

Entries are limited to one per person per day, and duplicates will be rejected. If someone submits more than one entry per day, the last one will be accepted as their submission. The day ends at midnight UTC.

Hacker Noon Podcast Interview with Adam

Last Friday, Adam took to the airwaves for a podcast interview with Utsav Jaiswal for the Hacker Noon Podcast. The episode is titled “How to build a cryptocurrency exchange from scratch by Adam Todd, CEO & Founder of Digitex Futures,” and over the course of an hour, Adam and Utsav get into all the nitty-gritty of building the DFE.

Starting with the beginnings of Adam’s discovery of crypto and the potential of smart contracts, to the rollercoaster journey to launch, including all the bumps along the way – this interview is not one to miss. Adam talks about the multiple lessons he’s learned, the trepidation he felt in the day before launch, and his pride in how far the DFE has come. Make sure you add it to your playlist.

250 More Traders Onboarded to the Mainnet

Last Thursday, we onboarded another group of 250 traders to the mainnet. Over the weekend, the DFE saw an increase of around 10-12% volume compared with weekday activities, and a high of $123 million 24-hour volume.

As usual, the feedback we’re getting from newcomers is overwhelmingly positive, and traders are making some healthy profits to boot!

True Crypto Patriot managed to reap 50% profit within the first few days of trading, while cryptomug358 describes the DFE as a “dream.”

Latest News Roundup From the DFE 1

CryptoVenture explains how even a relatively small stake can quickly start making gains.

Latest News Roundup From the DFE 2

Snocksy managed to turn his fortunes around:

Latest News Roundup From the DFE 3

By the time the next round of onboarding is complete later this week, we will have over 1,000 traders on the mainnet. Over July, we will be ramping up onboarding significantly, with users from all three waitlist contests set to join the mainnet, before we open to the public. So, all in all, the DFE continues to deliver on every front!

 

June 22, 2020
Digitex Futures

Latest News Roundup From the DFE

Digitex Futures
DFE

It’s only Monday, and we already have a whole raft of Digitex news and updates to share! From a new exchange listing in Vietnam to the next round of our popular photo contest with giveaways, to a podcast interview with Adam – read on for all the latest from the DFE.

New Exchange Listing

To kick things off, we’re delighted to announce another new exchange listing for DGTX! VCC Exchange will soon start listing the DGTX token paired with ETH. The exchange is currently preparing the pair for deposits and withdrawals, which will open imminently.

VCC is focused predominantly on the Vietnamese and Singaporean markets, listing 135 coins in 211 token pairs. It offers a fiat onboarding service in Vietnamese dong and has worked with the Vietnamese government on various initiatives, including a legal framework for blockchain-based applications.

Photo Contest – Now Open Once Again!

The first round of our photo contest proved so popular with our mainnet traders that we’ve revived it. This time, the mainnet group can put their creativity to the test with a fresh round of prizes.

The rules are slightly different from the last contest but are very simple. Post a picture of your mainnet trading setup either at home, or in a unique, beautiful, or interesting location on Twitter or Facebook and send it in using this form.

We will raffle the prizes on July 1, live! Prizes are as follows:

  • First place – 5,000 DGTX
  • Second and third place – A silver DGTX coin
  • Fourth and fifth place – A Digitex cap or t-shirt

Entries are limited to one per person per day, and duplicates will be rejected. If someone submits more than one entry per day, the last one will be accepted as their submission. The day ends at midnight UTC.

Hacker Noon Podcast Interview with Adam

Last Friday, Adam took to the airwaves for a podcast interview with Utsav Jaiswal for the Hacker Noon Podcast. The episode is titled “How to build a cryptocurrency exchange from scratch by Adam Todd, CEO & Founder of Digitex Futures,” and over the course of an hour, Adam and Utsav get into all the nitty-gritty of building the DFE.

Starting with the beginnings of Adam’s discovery of crypto and the potential of smart contracts, to the rollercoaster journey to launch, including all the bumps along the way – this interview is not one to miss. Adam talks about the multiple lessons he’s learned, the trepidation he felt in the day before launch, and his pride in how far the DFE has come. Make sure you add it to your playlist.

250 More Traders Onboarded to the Mainnet

Last Thursday, we onboarded another group of 250 traders to the mainnet. Over the weekend, the DFE saw an increase of around 10-12% volume compared with weekday activities, and a high of $123 million 24-hour volume.

As usual, the feedback we’re getting from newcomers is overwhelmingly positive, and traders are making some healthy profits to boot!

True Crypto Patriot managed to reap 50% profit within the first few days of trading, while cryptomug358 describes the DFE as a “dream.”

Latest News Roundup From the DFE 4

CryptoVenture explains how even a relatively small stake can quickly start making gains.

Latest News Roundup From the DFE 5

Snocksy managed to turn his fortunes around:

Latest News Roundup From the DFE 6

By the time the next round of onboarding is complete later this week, we will have over 1,000 traders on the mainnet. Over July, we will be ramping up onboarding significantly, with users from all three waitlist contests set to join the mainnet, before we open to the public. So, all in all, the DFE continues to deliver on every front!

 

Latest News

token

Another DGTX Token Listing – This Time with CoinEx! 

Digitex Futures
• Digitex Futures
May 29, 2020

It’s been a stellar week at Digitex. We started the week with the announcement of our collaboration with Chainlink. Then on Wednesday, we released the results of our recent successful security and system audits. Finishing the week with a bang, we’re pleased to announce that the DGTX token is now listed on global trading platform, CoinEx! 

Starting from today, May 29, CoinEx is listing the DGTX token and is open for deposits. Trading will begin from Monday, June 1, in the DGTX/BTC and DGTX/USDT pairs. 

CoinEx is a professional and global cryptocurrency exchange serving a user base in multiple languages across nearly 100 countries. It offers a user-friendly interface, with a stable matching engine that can manage thousands of orders concurrently. The company is legally licensed in Estonia and offers a high degree of security. 

Digitex is delighted to add CoinEx to our list of exchange partners, and particularly for the rollout of another DGTX/USDT trading pair, which makes our token more accessible to the vast market of stablecoin users. 

CoinEx is Celebrating with a 175,000 DGTX Token Giveaway! 

To celebrate the listing, CoinEx is running a giveaway of 175,000 DGTX tokens! 

75,000 DGTX will be distributed among the first 300 users to make a net deposit of 3,000 DGTX tokens. Deposits are open from today, May 29, and the giveaway runs until 1600 UTC on June 3. 

100,000 DGTX will be shared between DGTX traders on CoinEx, with a first-place prize of 20,000 DGTX available to the trader with the highest volume. The trading giveaway opens on June 1, at 1700 UTC, and finishes on June 5, at midnight UTC. 

You can read full details and rules of the contest over on the CoinEx blog

Finally, CoinEx is also giving away 300 DGTX tokens each to 30 Twitter users who follow the airdrop participation rules! 

Next 100 Mainnet Traders Onboarded! 

Yesterday, we invited another 100 waitlisted users to join the mainnet! There are now 320 active traders on mainnet, and we’ll be inviting more every week. 

These guys are continuing to demonstrate how the zero-fee model of the DFE enables traders to generate real profits from scalping strategies not possible on other exchanges. Below is an example of feedback we received from one of our traders who’s been able to 4x his initial balance in just two weeks. 

Another DGTX Token Listing - This Time with CoinEx!  7

The ladder interface is proving to be so addictive that even with only a few hundred traders, we’re seeing insane 24-hour trading volumes of up to $77 million. 

So if you’re not one of the lucky few yet trading, sit tight, because zero-fee trading on one of the most liquid exchanges on the market is soon coming your way! 

May 29, 2020
Digitex Futures

Another DGTX Token Listing – This Time with CoinEx! 

Digitex Futures
token

It’s been a stellar week at Digitex. We started the week with the announcement of our collaboration with Chainlink. Then on Wednesday, we released the results of our recent successful security and system audits. Finishing the week with a bang, we’re pleased to announce that the DGTX token is now listed on global trading platform, CoinEx! 

Starting from today, May 29, CoinEx is listing the DGTX token and is open for deposits. Trading will begin from Monday, June 1, in the DGTX/BTC and DGTX/USDT pairs. 

CoinEx is a professional and global cryptocurrency exchange serving a user base in multiple languages across nearly 100 countries. It offers a user-friendly interface, with a stable matching engine that can manage thousands of orders concurrently. The company is legally licensed in Estonia and offers a high degree of security. 

Digitex is delighted to add CoinEx to our list of exchange partners, and particularly for the rollout of another DGTX/USDT trading pair, which makes our token more accessible to the vast market of stablecoin users. 

CoinEx is Celebrating with a 175,000 DGTX Token Giveaway! 

To celebrate the listing, CoinEx is running a giveaway of 175,000 DGTX tokens! 

75,000 DGTX will be distributed among the first 300 users to make a net deposit of 3,000 DGTX tokens. Deposits are open from today, May 29, and the giveaway runs until 1600 UTC on June 3. 

100,000 DGTX will be shared between DGTX traders on CoinEx, with a first-place prize of 20,000 DGTX available to the trader with the highest volume. The trading giveaway opens on June 1, at 1700 UTC, and finishes on June 5, at midnight UTC. 

You can read full details and rules of the contest over on the CoinEx blog

Finally, CoinEx is also giving away 300 DGTX tokens each to 30 Twitter users who follow the airdrop participation rules! 

Next 100 Mainnet Traders Onboarded! 

Yesterday, we invited another 100 waitlisted users to join the mainnet! There are now 320 active traders on mainnet, and we’ll be inviting more every week. 

These guys are continuing to demonstrate how the zero-fee model of the DFE enables traders to generate real profits from scalping strategies not possible on other exchanges. Below is an example of feedback we received from one of our traders who’s been able to 4x his initial balance in just two weeks. 

Another DGTX Token Listing - This Time with CoinEx!  8

The ladder interface is proving to be so addictive that even with only a few hundred traders, we’re seeing insane 24-hour trading volumes of up to $77 million. 

So if you’re not one of the lucky few yet trading, sit tight, because zero-fee trading on one of the most liquid exchanges on the market is soon coming your way! 

Latest News

Futures Exchange

The Digitex Futures Exchange is Firing Up! 

Digitex Futures
• Digitex Futures
May 18, 2020

Right on schedule last week, we onboarded another group of 50 to the mainnet, meaning there are now 120 eager traders scalping profits with zero fees. To kick off this week, we have a raft of announcements, including updates from the development team, a contest for our mainnet users, and a brand new listing with a trading competition! 

First off, as you’d expect by now, our newest group of traders is loving the mainnet experience. Here are a few snips from the Telegram group: 

 

The Digitex Futures Exchange is Firing Up!  9

The Digitex Futures Exchange is Firing Up!  10

The mainnet group is evidently doing a great job in promoting the DFE to the broader Digitex community. Our Community Managers are now facing a barrage of daily requests from community members, begging to be next in line! 

The Digitex Futures Exchange is Firing Up!  11

The Digitex Futures Exchange is Firing Up!  12

All this anticipation is proving to be great news for the price of DGTX. Over the previous week, it’s gained nearly 40%, compared to a 16% increase in the price of Bitcoin and 17% in Ethereum. 

 

The Digitex Futures Exchange is Firing Up!  13

Development Update

As much as we’d like to include everyone on the mainnet immediately, it’s important that we keep the onboarding at a steady pace. It’s proving to be an excellent opportunity for the development team to fix any minor bugs that crop up. 

Our new Director of Exchange Operations, Yuliya Sporysh, has also shared that the team is fleshing out the overall maintenance and support operations for the mainnet, in preparation for the platform becoming fully loaded with traders. This development isn’t only on the technical side – it also involves staffing up the necessary teams to ensure that Digitex can remain up and running without hiccups 24/7. As such, we are hiring extensively for our hub location in Kyiv. 

Yuliya also provided an update on some of the focus areas for the development team right now. They’re working hard to implement the API, which will enable algorithmic traders to deploy bots on the mainnet. They’re also progressing on the necessary work to bring ETH deposits and withdrawals to the exchange. These developments will follow with introducing the stop loss feature, and we will share an update on this soon.

As you’d imagine, with all this going on, Yuliya is a busy lady. However, we’re looking forward to when she can find a gap in her schedule to share more details about herself and her role in an upcoming Team Spotlight. 

New Exchange Listing with CoinDCX!

As we mentioned above, the DGTX token is currently outperforming the market. Now, it stands to get a further boost with a new token listing on the CoinDCX exchange! 

The partnership with CoinDCX aims to expand Digitex’s footprint in India, where it is among the biggest and most secure crypto trading platforms. Earlier this year, the company gained backing from Polychain Capital, Bain Capital Adventures, and HDR Group in a $3m seed funding round. Last week, it was announced that BitGo would be providing custodial services to CoinDCX, offering insurance protection to all funds stored on the platform. 

CoinDCX offers users instant fiat to crypto conversions with zero fees. Users can choose from a range of different services, including decentralized lending service DCXLend and margin trading with up to 6x leveraged trades with DCXMargin. 

And now, traders can also buy DGTX instantly with Indian Rupees, thanks to a DGTX/INR pair available on CoinDCX! The new listing, along with a DGTX/USDT pair, will be open to trade soon. There will also be a Trading Battle, with a giveaway of over 300,000 DGTX tokens, for which we will share more details as soon as we can. 

Mainnet Photo Contest

Finally, we’re running a mainnet contest of our very own, where our group of traders can compete to win a share of 50,000 DGTX tokens! All of our mainnet users are invited to post a photo of themselves trading in unusual or unique places. (No cliff-edge selfies, no other life-threatening jaunts, and obviously no bathroom shots!) 

At the end of the contest, on May 30, we will select a shortlist of 5 photos. Our Telegram community will then have the opportunity to participate in a poll to choose the top three photos! The first prize winner will take 30,000 DGTX, with second and third place receiving a runners-up prize. 

That rounds up all our Monday news! As you can see, the Digitex engine is now well and truly firing on all cylinders. And we have plenty more coming up over the next couple of weeks, so watch this space for more news and updates from the DFE! 

 

May 18, 2020
Digitex Futures

The Digitex Futures Exchange is Firing Up! 

Digitex Futures
Futures Exchange

Right on schedule last week, we onboarded another group of 50 to the mainnet, meaning there are now 120 eager traders scalping profits with zero fees. To kick off this week, we have a raft of announcements, including updates from the development team, a contest for our mainnet users, and a brand new listing with a trading competition! 

First off, as you’d expect by now, our newest group of traders is loving the mainnet experience. Here are a few snips from the Telegram group: 

 

The Digitex Futures Exchange is Firing Up!  14

The Digitex Futures Exchange is Firing Up!  15

The mainnet group is evidently doing a great job in promoting the DFE to the broader Digitex community. Our Community Managers are now facing a barrage of daily requests from community members, begging to be next in line! 

The Digitex Futures Exchange is Firing Up!  16

The Digitex Futures Exchange is Firing Up!  17

All this anticipation is proving to be great news for the price of DGTX. Over the previous week, it’s gained nearly 40%, compared to a 16% increase in the price of Bitcoin and 17% in Ethereum. 

 

The Digitex Futures Exchange is Firing Up!  18

Development Update

As much as we’d like to include everyone on the mainnet immediately, it’s important that we keep the onboarding at a steady pace. It’s proving to be an excellent opportunity for the development team to fix any minor bugs that crop up. 

Our new Director of Exchange Operations, Yuliya Sporysh, has also shared that the team is fleshing out the overall maintenance and support operations for the mainnet, in preparation for the platform becoming fully loaded with traders. This development isn’t only on the technical side – it also involves staffing up the necessary teams to ensure that Digitex can remain up and running without hiccups 24/7. As such, we are hiring extensively for our hub location in Kyiv. 

Yuliya also provided an update on some of the focus areas for the development team right now. They’re working hard to implement the API, which will enable algorithmic traders to deploy bots on the mainnet. They’re also progressing on the necessary work to bring ETH deposits and withdrawals to the exchange. These developments will follow with introducing the stop loss feature, and we will share an update on this soon.

As you’d imagine, with all this going on, Yuliya is a busy lady. However, we’re looking forward to when she can find a gap in her schedule to share more details about herself and her role in an upcoming Team Spotlight. 

New Exchange Listing with CoinDCX!

As we mentioned above, the DGTX token is currently outperforming the market. Now, it stands to get a further boost with a new token listing on the CoinDCX exchange! 

The partnership with CoinDCX aims to expand Digitex’s footprint in India, where it is among the biggest and most secure crypto trading platforms. Earlier this year, the company gained backing from Polychain Capital, Bain Capital Adventures, and HDR Group in a $3m seed funding round. Last week, it was announced that BitGo would be providing custodial services to CoinDCX, offering insurance protection to all funds stored on the platform. 

CoinDCX offers users instant fiat to crypto conversions with zero fees. Users can choose from a range of different services, including decentralized lending service DCXLend and margin trading with up to 6x leveraged trades with DCXMargin. 

And now, traders can also buy DGTX instantly with Indian Rupees, thanks to a DGTX/INR pair available on CoinDCX! The new listing, along with a DGTX/USDT pair, will be open to trade soon. There will also be a Trading Battle, with a giveaway of over 300,000 DGTX tokens, for which we will share more details as soon as we can. 

Mainnet Photo Contest

Finally, we’re running a mainnet contest of our very own, where our group of traders can compete to win a share of 50,000 DGTX tokens! All of our mainnet users are invited to post a photo of themselves trading in unusual or unique places. (No cliff-edge selfies, no other life-threatening jaunts, and obviously no bathroom shots!) 

At the end of the contest, on May 30, we will select a shortlist of 5 photos. Our Telegram community will then have the opportunity to participate in a poll to choose the top three photos! The first prize winner will take 30,000 DGTX, with second and third place receiving a runners-up prize. 

That rounds up all our Monday news! As you can see, the Digitex engine is now well and truly firing on all cylinders. And we have plenty more coming up over the next couple of weeks, so watch this space for more news and updates from the DFE! 

 

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