Are you ready to make your DGTX work for you and earn generous rewards simply by providing liquidity to our token pool on Uniswap? Great! Because that moment has finally arrived. We’re excited to announce that the DGTX Rewards program is now officially live and it couldn’t be easier to make a passive income from your holdings. Read on to find out how you can start accumulating income now. There’s also a step-by-step tutorial video by Adam and detailed instructions to help you get started.
Earn DGTX Rewards in 3 Simple Steps
You can start yield farming DGTX on Uniswap for incredible rewards by following the three simple steps below. If you need a little extra guidance, please keep reading through to the detailed instructions at the bottom:
1. Stock Up on DGTX
In order to earn rewards on your DGTX holdings, you’ll obviously need to have some DGTX holdings in the first place. If you want to buy your first DGTX or simply want to add to your stash, you have several easy options. You can either buy DGTX directly from us in a simple, instant, and trustless transaction from the Digitex Treasury, or you can visit one of our exchange partners like KuCoin. Or you can buy DGTX from Uniswap.
2. Visit Uniswap to Create Your Pool Token
Now that you have your DGTX ready to go, you’ll need to head over to Uniswap, the world’s largest decentralized exchange, and create your DGTXETH pool token by depositing an equal value of DGTX and ETH into the DGTX/ETH market. You can watch Adam doing this in the explainer video below.
3. Connect Your Metamask Wallet and Deposit Your Pool Tokens
Once you have created your pool token, you’ll need to connect your Metamask wallet and deposit your pool token into the designated DGTX Rewards wallet. Again, for full instructions, please watch the video a little further down in this article.
Now, you can sit back and watch your DGTX pool rewards accumulate with one of the highest ROIs in the industry!
Start Earning DGTX Rewards Today
Starting today for the first month only, we’re offering a massive total of 5 million DGTX (worth around $175,000 at the current price). This makes the DGTX Rewards Program one of the most profitable in the industry. You also don’t have to worry about investing in a brand-new token or bootstrapped DeFi protocol that may disappear overnight. Digitex is a three-year-old project with massive upside potential and many new changes coming over the next few weeks as we rebrand to Digitex City.
If you’re new to Uniswap or you need a little more guidance as to how to create your pool token and accumulate your rewards, be sure to check out Adam’s tutorial video here. There are also step-by-step written instructions to help you further.
How Do I Get Started Staking DGTX Tokens?
You start from inside your DGTX Rewards Program interface, which is now live here. Please note, DGTX pool tokens are best supported by the Metamask ERC20 token wallet, which can be easily downloaded and installed from metamask.io. If you don’t already have one, it’s just a wallet that you can easily add to your browser. Follow the simple prompts from Metamask as to how to download, secure, and back your wallet up.
Now that your Metamask is all ready to go, you’ll need to connect it from within the DGTX Rewards Program interface at the top right. Simply click, “Connect Metamask” and follow the instructions.
To stake your DGTX tokens, you must deposit both DGTX and an equivalent amount of ETH into Uniswap, which will generate special UNI-V2 liquidity pool tokens for that market and place them in your Metamask wallet. You can do this all from within your DGTX Rewards Program interface.
Simply click “Deposit” and follow the instructions.
1. Deposit ETH and DGTX into Uniswap V2
To get pool tokens, you must deposit an equal amount of DGTX and ETH to the Uniswap market. This means that you will provide liquidity on that market and receive a pool token in return which you will deposit into your DGTX Rewards wallet to earn your rewards.
First of all, you will need to enter the amount of ETH that you want to deposit and it will automatically show you how much DGTX you need to deposit as well. In the video, Adam deposits 0.5 ether and the DGTX field auto-populates with 7105.62 DGTX. You can also see this from the screenshots below.
Click on “Supply.” And then, as this is a blockchain transaction, you will need to confirm it. Simply click “Confirm Supply” in the interface and then again in the Metamask dropdown. You have now added your liquidity to Uniswap.
2. Receive UNI-V2 Tokens
The UNI-V2 liquidity pool tokens are tokens representing your ETH and DGTX that are created in the Uniswap transaction. These new tokens will automatically be deposited into your Metamask wallet once you hit “Confirm Supply” and the transaction successfully processes.
If you want to check the status of the transaction, you can look at “activity” in your Metamask wallet. You can also open up Etherscan to see the pending transaction. You will then see how many pool tokens you have received in return. In Adam’s case, he has received 58 Uniswap V2 pool tokens.
3. Stake Your UNI-V2 LP Tokens in the Rewards Wallet
Next, head back to your DGTX Rewards Program dashboard and hit refresh. You can now add your pool tokens to the rewards wallet to begin earning DGTX rewards. You decide on the amount that you wish to enter or simply click on “Max Available” to deposit all of your pool tokens, and then click “Deposit” again at the bottom of the screen.
You will need to confirm the ETH transaction in Metamask, and then your transaction will be submitted to the blockchain to be mined and deposited.
You can see all the key information that you need to know inside your interface including how many tokens you have, rewards accrued, the APY, and the reward multiplier. The reward multiplier starts at 1x but the longer you leave your pool tokens in, the more this will increase, so it’s worth staking your tokens for a longer time to earn increased rewards.
However, you can withdraw your tokens at any time. To do this, simply click on “withdraw,” and you will receive the number of pool tokens you wish to withdraw as well as your DGTX rewards in the same transaction. You will be asked if you are sure you don’t want to keep your tokens in to earn more rewards, but if you want to withdraw, simply click “withdraw anyway”, confirm the transaction, and look for this wallet address: 0xf4ef707f3f4166cc79af15959014dbe0ecd7efa3.
Again, you can see all details of the transaction on Etherscan right away. Your tokens will go to your Metamask wallet.
How Are Your Rewards Calculated?
As mentioned, the more you stake and the longer you stake, the more rewards you will receive. However, keep in mind that your pool share is calculated proportionally and is relative to others in the program. Your ownership of the unlocked pool is calculated by:
How long you have staked your tokens / Global staking token time
So, let’s imagine that there were just two users in the program. You stake 10 tokens for one day while the other use stakes 5 tokens for three days. Your total staking time for 1 day is 10 tokens, while the other users’ is 15 tokens. The total staking token time is 25 and your share is calculated like this:
10 / 25 = 40%
The other user’s pool share is calculated with the same method:
15 / 25 = 60%
If you were the only participant in the program, you would earn 100% of the pool rewards. You will notice, then, that your accrued rewards fluctuate depending on how many people join the program.
If you have further questions, connect with one of our helpful customer service agents through our 24/7 Live Chat feature, or join in the conversation on Digitex’s lively Telegram group. Don’t forget that there’s 5 million DGTX being given away over the next 30 days, so get started now!
Finally, you’ll notice that the rewards program is live on the new digitexcity.com website. Please note that this is the promotional website designed to build brand awareness for Digitex City. So, join our waitlist to stay informed about all the latest developments, and be sure to invite your friends too!
Also, feel free to share your feedback about the new branding style. As always, all suggestions are welcome. As you know, Digitex is a community first project. We have a very close relationship with our members and greatly value all the ideas you’ve brought forward over the years. Now, go get started adding more DGTX to your stack!