News and Highlights from Ethereum’s 5th Annual DevCon 1

News and Highlights from Ethereum’s 5th Annual DevCon

Crypto Industry
Digitex Futures
• Sarah Rothrie
October 21, 2019

Ethereum’s annual DevCon is one of the biggest events in the blockchain calendar! Held this week in Osaka, Japan, the conference brings together some of the best minds in the sector to discuss all the latest Ethereum news and developments. Therefore, it’s hardly surprising that several developers from SmartDec were also in attendance. Here, we round up a few key highlights and talking points from the event. Continue reading

October 21, 2019
Crypto Industry
Digitex Futures

News and Highlights from Ethereum’s 5th Annual DevCon

Sarah Rothrie
News and Highlights from Ethereum’s 5th Annual DevCon 2

Ethereum’s annual DevCon is one of the biggest events in the blockchain calendar! Held this week in Osaka, Japan, the conference brings together some of the best minds in the sector to discuss all the latest Ethereum news and developments. Therefore, it’s hardly surprising that several developers from SmartDec were also in attendance. Here, we round up a few key highlights and talking points from the event. Continue reading

Latest News

DGTX: Your Gateway to Free Trading 3

DGTX: Your Gateway to Free Trading

Digitex Futures
Trading
• Christina Comben
September 21, 2019

There are more than 500 cryptocurrency exchanges out there with more and more cropping up all the time. There are also plenty of new entrants in the cryptocurrency derivatives space. Amid rising competition and a BTC futures market set to get parabolic, many people ask why we need another crypto futures exchange. Well, the answer is because Digitex is not just another crypto futures exchange and DGTX is not just another exchange token! Read on to find out more.
Continue reading

September 21, 2019
Digitex Futures
Trading

DGTX: Your Gateway to Free Trading

Christina Comben
DGTX: Your Gateway to Free Trading 4

There are more than 500 cryptocurrency exchanges out there with more and more cropping up all the time. There are also plenty of new entrants in the cryptocurrency derivatives space. Amid rising competition and a BTC futures market set to get parabolic, many people ask why we need another crypto futures exchange. Well, the answer is because Digitex is not just another crypto futures exchange and DGTX is not just another exchange token! Read on to find out more.
Continue reading

Latest News

The Cryptocurrency Market — Dave's Monthly Review 5

The Cryptocurrency Market — Dave’s Monthly Review

Digitex Futures
Trading
• Dave Reiter
August 30, 2019

After enjoying a strong bull market rally during the first six months of 2019, the cryptocurrency market hit a brick wall in July and August. For the second consecutive month, the crypto bulls watched their favorite digital currencies decline in value. All of the major cryptocurrencies generated a loss for the month of August. 
Despite these losses, there was one major “bright spot” in the crypto community. The Digitex native currency (DGTX) managed to end the month in positive territory. For the month of August, DGTX gained 2.6%, while the average loss from the major cryptocurrencies was (20.3%). Why have cryptocurrencies struggled during the past 60 days? Will this trend continue for the remainder of 2019? Let’s examine the details.
The Cryptocurrency Market — Dave's Monthly Review 6

Bakkt Has Been Cleared to Launch

Without question, the biggest piece of news emanating from the crypto community during the month of August was the announcement released by Bakkt on 16 August. After several delays and false starts, Bakkt unveiled its plans to launch a new Bitcoin (BTC) futures product beginning on 23 September.
This will place Bakkt in direct competition with Bitcoin futures products offered by the Chicago Mercantile Exchange (CME). The vast majority of members in the cryptocurrency community are heavily in favor of Bakkt’s entrance into the Bitcoin futures arena. They view the Bakkt news as “bullish” for the long-term direction of BTC and other major cryptocurrencies. 
Contrary to popular belief, Bakkt is not a cryptocurrency futures exchange. Instead the company provides custody services for its physically-delivered Bitcoin futures product.
Essentially, Bakkt is a warehouse. Its parent company, the Intercontinental Exchange (ICE) will provide the necessary infrastructure to allow Bakkt to offer BTC futures. The launching of Bakkt is another example of the unprecedented growth that is occurring in derivatives trading within the cryptocurrency community.
In addition to Bakkt, four other firms are working with regulators to offer similar cryptocurrency derivatives products. The list includes LedgerX, ErisX, Seed CX and trueDigital. Given the dramatic increase in crypto trading volume during the past two years, there’s no doubt that cryptocurrencies will soon be regarded as a major asset class by the global investment community.

Bitcoin is Struggling to Stay Above The $10K Level

On 24 June, BTC pushed above $10K for the first time since March 2018. Bitcoin stayed below $10K for 15 consecutive months. During the past 60 days, BTC has been locked in a narrow trading range (Chart #1). The cryptocurrency has been unable to consistently stay above the $10K level. This is not a good sign for the Bitcoin bulls.
The Cryptocurrency Market — Dave's Monthly Review 7
In a recent article, we discussed the probability that BTC had formed an important top on 26 June @ 13,844. So far, this appears to be the most likely scenario. Bitcoin enjoyed a dramatic rally during the first six months of 2019, rising 276%. However, BTC has been unable to record any additional gains above 13,844. Of course, the recent price action could simply be a period of consolidation prior to another explosive move to the upside.
In order to fully regain its bullish momentum, Bitcoin needs to generate a weekly close above 13,844. Until BTC records a new high for 2019, it is definitely vulnerable to a nasty decline. If Bitcoin begins to roll over to the downside, the important numbers to watch are 4,440 – 5,704 – 6,568 – 8,485 – 9,966. Please review Chart #2.
The Cryptocurrency Market — Dave's Monthly Review 8

Digitex is Moving Forward

Despite a few setbacks along the way, the Digitex Futures exchange continues on its journey to becoming the first zero-fee cryptocurrency futures exchange. In May, Digitex teamed up with SmartDec for help in developing and programming the futures exchange and trading platform. SmartDec is a highly successful company located in Moscow, Russia specializing in software development, smart contract development and software auditing.
Recently, Digitex announced the exciting news that it will launch on the Ethereum public testnet beginning 30 November. This will give traders an opportunity to experience the Digitex trading platform on a real-time basis. Launching on the Ethereum public testnet will allow Digitex the ability to continue testing, modifying and enhancing its state-of-the-art trading platform. The future looks bright for Digitex!

Bitcoin Update

This article was written on 28 August. Shortly after the completion of this article, Bitcoin penetrated the important support level @ 9,966. At least for now, BTC has fallen into bearish territory. Most likely, Bitcoin will drop below the next support level @ 8,485. Please review Chart #3.
The Cryptocurrency Market — Dave's Monthly Review 9
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

August 30, 2019
Digitex Futures
Trading

The Cryptocurrency Market — Dave’s Monthly Review

Dave Reiter
The Cryptocurrency Market — Dave's Monthly Review 10

After enjoying a strong bull market rally during the first six months of 2019, the cryptocurrency market hit a brick wall in July and August. For the second consecutive month, the crypto bulls watched their favorite digital currencies decline in value. All of the major cryptocurrencies generated a loss for the month of August. 
Despite these losses, there was one major “bright spot” in the crypto community. The Digitex native currency (DGTX) managed to end the month in positive territory. For the month of August, DGTX gained 2.6%, while the average loss from the major cryptocurrencies was (20.3%). Why have cryptocurrencies struggled during the past 60 days? Will this trend continue for the remainder of 2019? Let’s examine the details.
The Cryptocurrency Market — Dave's Monthly Review 11

Bakkt Has Been Cleared to Launch

Without question, the biggest piece of news emanating from the crypto community during the month of August was the announcement released by Bakkt on 16 August. After several delays and false starts, Bakkt unveiled its plans to launch a new Bitcoin (BTC) futures product beginning on 23 September.
This will place Bakkt in direct competition with Bitcoin futures products offered by the Chicago Mercantile Exchange (CME). The vast majority of members in the cryptocurrency community are heavily in favor of Bakkt’s entrance into the Bitcoin futures arena. They view the Bakkt news as “bullish” for the long-term direction of BTC and other major cryptocurrencies. 
Contrary to popular belief, Bakkt is not a cryptocurrency futures exchange. Instead the company provides custody services for its physically-delivered Bitcoin futures product.
Essentially, Bakkt is a warehouse. Its parent company, the Intercontinental Exchange (ICE) will provide the necessary infrastructure to allow Bakkt to offer BTC futures. The launching of Bakkt is another example of the unprecedented growth that is occurring in derivatives trading within the cryptocurrency community.
In addition to Bakkt, four other firms are working with regulators to offer similar cryptocurrency derivatives products. The list includes LedgerX, ErisX, Seed CX and trueDigital. Given the dramatic increase in crypto trading volume during the past two years, there’s no doubt that cryptocurrencies will soon be regarded as a major asset class by the global investment community.

Bitcoin is Struggling to Stay Above The $10K Level

On 24 June, BTC pushed above $10K for the first time since March 2018. Bitcoin stayed below $10K for 15 consecutive months. During the past 60 days, BTC has been locked in a narrow trading range (Chart #1). The cryptocurrency has been unable to consistently stay above the $10K level. This is not a good sign for the Bitcoin bulls.
The Cryptocurrency Market — Dave's Monthly Review 12
In a recent article, we discussed the probability that BTC had formed an important top on 26 June @ 13,844. So far, this appears to be the most likely scenario. Bitcoin enjoyed a dramatic rally during the first six months of 2019, rising 276%. However, BTC has been unable to record any additional gains above 13,844. Of course, the recent price action could simply be a period of consolidation prior to another explosive move to the upside.
In order to fully regain its bullish momentum, Bitcoin needs to generate a weekly close above 13,844. Until BTC records a new high for 2019, it is definitely vulnerable to a nasty decline. If Bitcoin begins to roll over to the downside, the important numbers to watch are 4,440 – 5,704 – 6,568 – 8,485 – 9,966. Please review Chart #2.
The Cryptocurrency Market — Dave's Monthly Review 13

Digitex is Moving Forward

Despite a few setbacks along the way, the Digitex Futures exchange continues on its journey to becoming the first zero-fee cryptocurrency futures exchange. In May, Digitex teamed up with SmartDec for help in developing and programming the futures exchange and trading platform. SmartDec is a highly successful company located in Moscow, Russia specializing in software development, smart contract development and software auditing.
Recently, Digitex announced the exciting news that it will launch on the Ethereum public testnet beginning 30 November. This will give traders an opportunity to experience the Digitex trading platform on a real-time basis. Launching on the Ethereum public testnet will allow Digitex the ability to continue testing, modifying and enhancing its state-of-the-art trading platform. The future looks bright for Digitex!

Bitcoin Update

This article was written on 28 August. Shortly after the completion of this article, Bitcoin penetrated the important support level @ 9,966. At least for now, BTC has fallen into bearish territory. Most likely, Bitcoin will drop below the next support level @ 8,485. Please review Chart #3.
The Cryptocurrency Market — Dave's Monthly Review 14
Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

Digitex Futures Outlines Our KYC Policy 15

Digitex Futures Outlines Our KYC Policy

Digitex Futures
• digitexfutures
July 23, 2019

We understand that KYC is not a popular practice in the cryptocurrency industry. However, for Digitex Futures to operate a viable cryptocurrency exchange, we need to comply with regulation. At no point has Digitex Futures been open to U.S. citizens and our KYC policy will continue to ensure that no American users can create accounts or trade on the Digitex Futures exchange. Continue reading

July 23, 2019
Digitex Futures

Digitex Futures Outlines Our KYC Policy

digitexfutures
Digitex Futures Outlines Our KYC Policy 16

We understand that KYC is not a popular practice in the cryptocurrency industry. However, for Digitex Futures to operate a viable cryptocurrency exchange, we need to comply with regulation. At no point has Digitex Futures been open to U.S. citizens and our KYC policy will continue to ensure that no American users can create accounts or trade on the Digitex Futures exchange. Continue reading

Latest News

SmartDec Wins First Place at the Decentralized Web Hackathon 17

SmartDec Wins First Place at the Decentralized Web Hackathon

Digitex Futures
• Christina Comben
July 19, 2019

We’ve told you enough times about how great the guys at SmartDec are! Well, they say actions speak louder than words. So, congratulations to the SmartDec team for winning the Decentralized Web Hackathon in Minsk, Belarus last month! Sponsored by Fluence and Arweave, the team successfully managed to integrate both these companies’ technologies with Ethereum smart contracts to pick up the top prize. Check it out! Continue reading

July 19, 2019
Digitex Futures

SmartDec Wins First Place at the Decentralized Web Hackathon

Christina Comben
SmartDec Wins First Place at the Decentralized Web Hackathon 18

We’ve told you enough times about how great the guys at SmartDec are! Well, they say actions speak louder than words. So, congratulations to the SmartDec team for winning the Decentralized Web Hackathon in Minsk, Belarus last month! Sponsored by Fluence and Arweave, the team successfully managed to integrate both these companies’ technologies with Ethereum smart contracts to pick up the top prize. Check it out! Continue reading

Latest News

Commission-Free Trading for a New Generation of Traders 19

Commission-Free Trading for a New Generation of Traders

Digitex Futures
• Christina Comben
July 17, 2019

It’s finally here! For those of you who couldn’t make the Barcelona Trading Conference, you can catch Adam’s talk on commission-free trading for a new generation of traders. He goes over the explosive rate at which the world futures industry is growing, the all-time highs being hit in crypto futures–and how Digitex will shake up the market when it comes to launch. Check it out below: Continue reading

July 17, 2019
Digitex Futures

Commission-Free Trading for a New Generation of Traders

Christina Comben
Commission-Free Trading for a New Generation of Traders 20

It’s finally here! For those of you who couldn’t make the Barcelona Trading Conference, you can catch Adam’s talk on commission-free trading for a new generation of traders. He goes over the explosive rate at which the world futures industry is growing, the all-time highs being hit in crypto futures–and how Digitex will shake up the market when it comes to launch. Check it out below: Continue reading

Latest News

Digitex Futures Proposes the Idea of Token Burning to the Community 21

Digitex Futures Proposes the Idea of Token Burning to the Community

Digitex Futures
Trading
• admin
June 24, 2019

In this latest post and video, CEO Adam Todd outlines a proposal for introducing token burning into the tokenomics of the Digitex (DGTX) token. This is currently just a proposal and whether or not it is implemented will depend on the response from the community. We will post an article later this week that contains more details about how such proposals will be submitted and voted on when Digitex becomes a DAO. Below are the mechanics of how the proposed system would work.

The Concept:

The Liquidation Engine of the Digitex Futures exchange penalizes highly leveraged traders that allow their account balance to drop below the required Maintenance Margin amount needed to maintain their open position, thus forcing the exchange to take over their position and liquidate it. When force liquidating a position the exchange stops out the trader at his bankruptcy price as if he lost his entire Initial Margin but it is probable that the exchange gets a better price. All additional funds made when the exchange gets a better price are deposited into an Insurance Fund. The entire balance of the Insurance Fund is burned every night at midnight UTC.

The Mechanics:

  1. Traders on the Digitex Futures exchange must have sufficient Initial Margin in their trading account to open a futures position.
  2. After opening a futures position, a trader must have sufficient Maintenance Margin in their trading account to keep that position open.
  3. Initial Margin is calculated as: Contract Value divided by Leverage Rate.
  4. Maintenance Margin is calculated as 50% of Initial Margin.
  5. If the trader’s account balance falls below the Maintenance Margin requirement to maintain the current open position, the system will cancel the unmatched orders on that market to free up the margin requirements of those unmatched orders. If after doing this,  the account balance is still below the required Maintenance Margin, the system will take over the trader’s position and liquidate it.
  6. The Liquidation Engine takes over positions from traders whose account balance has fallen below the minimum required Maintenance Margin amount to maintain their open position on a futures market.
  7. After assuming a trader’s open futures position, the system will attempt to immediately close that position by submitting a buy or sell order at the bankruptcy price.
  8. The bankruptcy price is the price at which the trader will lose his entire Initial Margin amount that he posted to open the position.
  9. For Long positions, the bankruptcy price is calculated by subtracting the Initial Margin requirement from the trader’s entry price. For Short positions, the bankruptcy price is calculated by adding the Initial Margin requirement to the trader’s entry price.
  10. After assuming a trader’s position, if the system is able to liquidate that position at a better price than bankruptcy price, the additional funds are placed into the Insurance Fund.
  11. Example trade: Bob places a limit order to buy 1 BTC/USD futures contract at 10,000 at 100x leverage which requires Initial Margin of 100 DGTX. He has exactly 100 DGTX in his trading account and shortly after placing it, his buy order is filled. His Maintenance Margin requirement is therefore 50 DGTX, which means his account balance must have at least 50 DGTX in it to maintain this open Long position. If the price drops to 9,950 his account balance falls to 50 DGTX and the system will take over his position and will submit a sell order at the bankruptcy price of 9,900 (Entry Price – Initial Margin).
  12. In the above example, if the system submits a sell order at 9,900 when the last traded price is currently 9,950, it is probable that the position will be closed at a better price than 9,900. If the position is liquidated at 9,940, then 40 DGTX will be added to the Insurance Fund.
  13. This effectively means that traders who allow their position to be force liquidated by the exchange by allowing their account balance to go below the required Maintenance Margin level will always lose the full Initial Margin amount they posted to open that position, even if the position is closed at a better price than bankruptcy price. Any additional funds that are made by getting a better price than bankruptcy price are added to the Insurance Fund and not to the trader’s account. This will incentivize traders to avoid forced liquidations which are a risk vector for the exchange.
  14. This liquidation system is very similar to how BitMEX takes over and liquidates bankrupt traders’ positions. Note here how consistently their Insurance Fund balance increases with virtually no daily drawdowns of any significance over a period of years, even during periods of high volatility.
  15. The BitMEX Insurance Fund balance has increased 99 days out of the last 100 days and this is typical performance going back for years.
  16. If the Insurance Fund of the Digitex Futures exchange performed in approximately the same way as BitMEX’s Insurance Fund then we would have burned tokens 99 days out of the last 100 days.
  17. Instead of building up a huge Insurance Fund that may never be needed, Digitex can transfer that value to other Digitex (DGTX) token owners whilst still having the safeguard of an Insurance Fund.
  18. All account balances are denominated in Digitex (DGTX) tokens and all trading profits and losses are in Digitex (DGTX) tokens. Therefore, the Insurance Fund balance is denominated in Digitex (DGTX) tokens.
  19. The entire balance of the Insurance Fund will be burned every day at midnight UTC.
  20. This means the Insurance Fund will always be empty, but it has the power to issue new tokens to cover its liabilities. It is highly likely that the number of new tokens that must be occasionally issued to cover losses will be significantly less than the number of tokens that are burned every day.
  21. The token burning process will be fully verifiable and the corresponding number of Digitex (DGTX) tokens that are destroyed will be subtracted from the available supply as displayed on etherscan.io.
  22. In the event of system losses during periods of high volatility when the exchange is unable to liquidate assumed futures positions without suffering losses, the Insurance Fund can issue new Digitex (DGTX) tokens to cover those losses. This process will be fully verifiable and any new tokens issued will be visible on etherscan.io.
  23. The Insurance Fund will have its own page on the exchange where all token burning and token issuance activity and history can be clearly seen and verified on etherscan.io.
  24. Possible variations of this system that can be voted on by the DAO are whether we burn tokens on a weekly, monthly or quarterly schedule instead of daily. Also, the DAO can decide on whether to burn all tokens in the Insurance Fund or whether to keep a certain minimum balance to avoid the need for token issuance after one losing day.

We encourage you all to share your feedback on Telegram and/or Twitter, and we will collect all your questions throughout the week. This Friday, 28th June at 3 pm UTC, Adam will host another live AMA to further discuss the Digitex token burning proposal. Again, whether or not this will be implemented depends on the response from the community. We encourage you all to participate in sharing your feedback!

June 24, 2019
Digitex Futures
Trading

Digitex Futures Proposes the Idea of Token Burning to the Community

admin
Digitex Futures Proposes the Idea of Token Burning to the Community 22

In this latest post and video, CEO Adam Todd outlines a proposal for introducing token burning into the tokenomics of the Digitex (DGTX) token. This is currently just a proposal and whether or not it is implemented will depend on the response from the community. We will post an article later this week that contains more details about how such proposals will be submitted and voted on when Digitex becomes a DAO. Below are the mechanics of how the proposed system would work.

The Concept:

The Liquidation Engine of the Digitex Futures exchange penalizes highly leveraged traders that allow their account balance to drop below the required Maintenance Margin amount needed to maintain their open position, thus forcing the exchange to take over their position and liquidate it. When force liquidating a position the exchange stops out the trader at his bankruptcy price as if he lost his entire Initial Margin but it is probable that the exchange gets a better price. All additional funds made when the exchange gets a better price are deposited into an Insurance Fund. The entire balance of the Insurance Fund is burned every night at midnight UTC.

The Mechanics:

  1. Traders on the Digitex Futures exchange must have sufficient Initial Margin in their trading account to open a futures position.
  2. After opening a futures position, a trader must have sufficient Maintenance Margin in their trading account to keep that position open.
  3. Initial Margin is calculated as: Contract Value divided by Leverage Rate.
  4. Maintenance Margin is calculated as 50% of Initial Margin.
  5. If the trader’s account balance falls below the Maintenance Margin requirement to maintain the current open position, the system will cancel the unmatched orders on that market to free up the margin requirements of those unmatched orders. If after doing this,  the account balance is still below the required Maintenance Margin, the system will take over the trader’s position and liquidate it.
  6. The Liquidation Engine takes over positions from traders whose account balance has fallen below the minimum required Maintenance Margin amount to maintain their open position on a futures market.
  7. After assuming a trader’s open futures position, the system will attempt to immediately close that position by submitting a buy or sell order at the bankruptcy price.
  8. The bankruptcy price is the price at which the trader will lose his entire Initial Margin amount that he posted to open the position.
  9. For Long positions, the bankruptcy price is calculated by subtracting the Initial Margin requirement from the trader’s entry price. For Short positions, the bankruptcy price is calculated by adding the Initial Margin requirement to the trader’s entry price.
  10. After assuming a trader’s position, if the system is able to liquidate that position at a better price than bankruptcy price, the additional funds are placed into the Insurance Fund.
  11. Example trade: Bob places a limit order to buy 1 BTC/USD futures contract at 10,000 at 100x leverage which requires Initial Margin of 100 DGTX. He has exactly 100 DGTX in his trading account and shortly after placing it, his buy order is filled. His Maintenance Margin requirement is therefore 50 DGTX, which means his account balance must have at least 50 DGTX in it to maintain this open Long position. If the price drops to 9,950 his account balance falls to 50 DGTX and the system will take over his position and will submit a sell order at the bankruptcy price of 9,900 (Entry Price – Initial Margin).
  12. In the above example, if the system submits a sell order at 9,900 when the last traded price is currently 9,950, it is probable that the position will be closed at a better price than 9,900. If the position is liquidated at 9,940, then 40 DGTX will be added to the Insurance Fund.
  13. This effectively means that traders who allow their position to be force liquidated by the exchange by allowing their account balance to go below the required Maintenance Margin level will always lose the full Initial Margin amount they posted to open that position, even if the position is closed at a better price than bankruptcy price. Any additional funds that are made by getting a better price than bankruptcy price are added to the Insurance Fund and not to the trader’s account. This will incentivize traders to avoid forced liquidations which are a risk vector for the exchange.
  14. This liquidation system is very similar to how BitMEX takes over and liquidates bankrupt traders’ positions. Note here how consistently their Insurance Fund balance increases with virtually no daily drawdowns of any significance over a period of years, even during periods of high volatility.
  15. The BitMEX Insurance Fund balance has increased 99 days out of the last 100 days and this is typical performance going back for years.
  16. If the Insurance Fund of the Digitex Futures exchange performed in approximately the same way as BitMEX’s Insurance Fund then we would have burned tokens 99 days out of the last 100 days.
  17. Instead of building up a huge Insurance Fund that may never be needed, Digitex can transfer that value to other Digitex (DGTX) token owners whilst still having the safeguard of an Insurance Fund.
  18. All account balances are denominated in Digitex (DGTX) tokens and all trading profits and losses are in Digitex (DGTX) tokens. Therefore, the Insurance Fund balance is denominated in Digitex (DGTX) tokens.
  19. The entire balance of the Insurance Fund will be burned every day at midnight UTC.
  20. This means the Insurance Fund will always be empty, but it has the power to issue new tokens to cover its liabilities. It is highly likely that the number of new tokens that must be occasionally issued to cover losses will be significantly less than the number of tokens that are burned every day.
  21. The token burning process will be fully verifiable and the corresponding number of Digitex (DGTX) tokens that are destroyed will be subtracted from the available supply as displayed on etherscan.io.
  22. In the event of system losses during periods of high volatility when the exchange is unable to liquidate assumed futures positions without suffering losses, the Insurance Fund can issue new Digitex (DGTX) tokens to cover those losses. This process will be fully verifiable and any new tokens issued will be visible on etherscan.io.
  23. The Insurance Fund will have its own page on the exchange where all token burning and token issuance activity and history can be clearly seen and verified on etherscan.io.
  24. Possible variations of this system that can be voted on by the DAO are whether we burn tokens on a weekly, monthly or quarterly schedule instead of daily. Also, the DAO can decide on whether to burn all tokens in the Insurance Fund or whether to keep a certain minimum balance to avoid the need for token issuance after one losing day.

We encourage you all to share your feedback on Telegram and/or Twitter, and we will collect all your questions throughout the week. This Friday, 28th June at 3 pm UTC, Adam will host another live AMA to further discuss the Digitex token burning proposal. Again, whether or not this will be implemented depends on the response from the community. We encourage you all to participate in sharing your feedback!

Latest News

Check Out the Latest Cryptocurrency Performance Update 23

Check Out the Latest Cryptocurrency Performance Update

Digitex Futures
• Dave Reiter
June 20, 2019

2019 has been an amazing year for the cryptocurrency universe. Even the most bullish crypto enthusiast could not have predicted the strength of this current bull market. Even though the vast majority of all digital currencies are extremely overbought, there’s no indication to suspect that the bull move is on the verge of rolling over. In fact, many cryptocurrencies actually appear to be gaining momentum. Why have the first six months of 2019 turned out to be so bullish for digital currencies? More importantly, how much longer will this bull run continue? Let’s examine the data. Continue reading

June 20, 2019
Digitex Futures

Check Out the Latest Cryptocurrency Performance Update

Dave Reiter
Check Out the Latest Cryptocurrency Performance Update 24

2019 has been an amazing year for the cryptocurrency universe. Even the most bullish crypto enthusiast could not have predicted the strength of this current bull market. Even though the vast majority of all digital currencies are extremely overbought, there’s no indication to suspect that the bull move is on the verge of rolling over. In fact, many cryptocurrencies actually appear to be gaining momentum. Why have the first six months of 2019 turned out to be so bullish for digital currencies? More importantly, how much longer will this bull run continue? Let’s examine the data. Continue reading

Latest News

Take Care When You Follow Twitter Accounts as They May Be Fake 25

Take Care When You Follow Twitter Accounts as They May Be Fake

Crypto Industry
Digitex Futures
• Christina Comben
June 7, 2019

As most of you probably know by now, Adam is officially on Twitter and you can follow him @realAdamTodd. But please be extra cautious when you do. In just two days, the number of impersonators that are springing up is eye-opening. There are so many bad actors in this space, and we want to remind you to double check every person claiming to be part of the Digitex team. They do not have your best interests in mind. Continue reading

June 7, 2019
Crypto Industry
Digitex Futures

Take Care When You Follow Twitter Accounts as They May Be Fake

Christina Comben
Take Care When You Follow Twitter Accounts as They May Be Fake 26

As most of you probably know by now, Adam is officially on Twitter and you can follow him @realAdamTodd. But please be extra cautious when you do. In just two days, the number of impersonators that are springing up is eye-opening. There are so many bad actors in this space, and we want to remind you to double check every person claiming to be part of the Digitex team. They do not have your best interests in mind. Continue reading

Latest News

Here’s Why Digitex Futures Is Expanding Its Team 27

Here’s Why Digitex Futures Is Expanding Its Team

Digitex Futures
• Christina Comben
June 6, 2019

If you caught Adam’s video update yesterday, you may have heard him mention that Digitex Futures is expanding its team. You already know that we have 10 developers in Moscow working tirelessly on the exchange code assessment. But, as Adam mentioned, we’ve been making adjustments on the marketing side as well. It’s frustrating for everyone waiting for launch updates, but we’re ensuring that all the pieces are in place so that we can “blast out of the gates” from the middle of this month. Continue reading

June 6, 2019
Digitex Futures

Here’s Why Digitex Futures Is Expanding Its Team

Christina Comben
Here’s Why Digitex Futures Is Expanding Its Team 28

If you caught Adam’s video update yesterday, you may have heard him mention that Digitex Futures is expanding its team. You already know that we have 10 developers in Moscow working tirelessly on the exchange code assessment. But, as Adam mentioned, we’ve been making adjustments on the marketing side as well. It’s frustrating for everyone waiting for launch updates, but we’re ensuring that all the pieces are in place so that we can “blast out of the gates” from the middle of this month. Continue reading

Latest News