Digitex Native Currency

The DGTX Token

An ERC-223 Ethereum Token used as the base currency of the Digitex Futures Exchange

The DGTX Token

Digitex IconThe DGTX token is the base currency of the Digitex Futures Exchange and all traders on the exchange must own DGTX to participate in our commission-free, non-custodial markets. Demand for DGTX from traders is an integral part of the revenue model that allows the exchange to operate sustainably with zero transaction fees on all trades.

Instead of charging transaction fees on trades, the exchange covers costs by minting a small number of new DGTX tokens each year and selling them in well publicized and transparent token sales.

Digitex Contract

0x1c83501478f1320977047008496dacbd60bb15ef

Symbol:DGTX
Decimal:18
Contracts on Github

Market Makers (200 M)
0xfeb309f15127566c08e8aebd928b0dcc5eedfb92

Team Vested (75 M)
0xef11dcd9f162207d4e751d9afbdea3cb78e6efc1

DGTX Token Issuance

DGTX Token Issuance is the revenue model of the Digitex Futures Exchange, allowing it to operate sustainably without charging transaction fees. This removes the cost burden of the exchange from the most active traders who provide the most liquidity, and it spreads that cost evenly amongst all DGTX owners in the form of a small inflation rate.

Whilst it’s true that any increase in DGTX supply will devalue the current price of DGTX, by utilizing a democratic system of decentralized governance by blockchain it is the DGTX token owners themselves who are in control of that inflation cost.

Why would DGTX token owners willingly vote to increase supply and devalue their DGTX tokens?

Because by doing so they are funding a commission-free, non-custodial futures exchange that creates massive demand for DGTX. Increased demand for DGTX from traders will counteract the effect of increased supply and this constant balancing act of inflation vs demand will be done by the very people who are affected by it: DGTX token owners.

On one hand, DGTX owners want to minimize token issuance to protect the value of the current DGTX. But on the other hand, DGTX owners will accept a certain devaluation of their DGTX if that raises enough money to fund the Digitex Futures Exchange for another year, thus creating increased demand for DGTX from traders attracted to commission-free markets on a non-custodial exchange.

Just like any central bank that controls its own currency through effective monetary policy, the DGTX community will collectively decide on the most appropriate monetary policy that finds the correct balance between DGTX demand, price growth and inflation.

Buy, Sell, and Trade DGTX now!

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DGTX​ ​Token​ ​Supply​ ​and​ ​Distribution

The total supply of DGTX is 1,000,000,000 (one billion) DGTX tokens which is distributed as follows:

%

Public

%

Market Makers

%

Digitex Team

0x1c83501478f1320977047008496dacbd60bb15ef

700,000,000 (700M) DGTX tokens were sold to the public at $0.01 per token in the DGTX ICO on January 15th. All available DGTX tokens sold out in only 17 minutes, raising a total of $5.4m from 2,530 buyers.

0xfeb309f15127566c08e8aebd928b0dcc5eedfb92

Digitex market makers are automated trading robots programmed to break even. They will use their large trading bank of 200m DGTX tokens to maintain highly liquid markets with tight bid and offer spreads, even in volatile market conditions.

0xef11dcd9f162207d4e751d9afbdea3cb78e6efc1

The team’s 100m DGTX tokens are locked into a 3 year vesting schedule, ensuring the team has strong incentives to create a stable, self perpetuating business model that provides ongoing and consistent demand for DGTX.

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