If this is the first time you’ve come across the Digitex Futures project, you may be wondering what the DGTX token is and how it works inside our exchange. Be sure to check out the facts below laid out for you by our founder and CEO Adam Todd.
Explaining the DGTX Token
The DGTX token is the native cryptocurrency of the Digitex Futures exchange. Your account balance on the Digitex Futures exchange is denominated in DGTX tokens and all your trading profits and losses are in DGTX tokens as well.
Traders must have a positive balance of DGTX tokens in their trading account to place trades on the Digitex Futures exchange. This creates a continuous demand for DGTX from traders who are attracted to commission-free futures markets.
Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.
Eliminating Commission Fees
Digitex eliminates transaction fees on trades and covers operational, development and marketing costs through our three-stage funding model. The first stage was our ICO held in January 2018 which sold out in 17 minutes raising approximately $5.2 million in ETH.
The second stage is through our Digitex Treasury, initiated in March 2019. It is an ongoing token sale for two and a half years that releases 10 million DGTX tokens for sale every three months. By locking up and releasing 100 million DGTX tokens slowly we can fund operations well into 2021 and sell DGTX at the current market price, which we anticipate to rise consistently after mainnet launch.
The final stage of funding will begin in 2022. We will create and sell a small number of new DGTX tokens each year. All new token issuance events must be approved by DGTX owners through a democratic system of Decentralized Governance by Blockchain.
The demand from thousands of traders who must own DGTX tokens will easily absorb the small number of new tokens that are created to cover costs.
There was an initial supply of one billion DGTX tokens (1,000,000,000 DGTX).
On January 15th, 700 million DGTX tokens were sold to the public at a Digitex to USD price of USD $0.01 per token (1 DGTX = $0.01). This was scheduled to stay open until Feb 15, but the demand was so high that it sold out in 17 minutes!
When the commission-free Digitex Futures exchange becomes popular, demand from hundreds of thousands of traders who must own DGTX tokens to participate will drive the price of them considerably higher than its launch price of $0.01.
Digitex is a commission-free, trustless Bitcoin futures exchange built on a secure platform with a blazing fast order matching engine with a one-click ladder trading interface. It will be wildly popular in the cryptocurrency derivatives space, creating a huge demand for DGTX tokens.
Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.