Digitex Native Currency

The DGTX Token

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

The DGTX Token

The Digitex token (DGTX) 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 releasing a set amount of DGTX tokens every quarter from our Treasury and selling them in an ongoing and transparent token sale.

Digitex Contract

0x1c83501478f1320977047008496dacbd60bb15ef

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

%

Insurance Fund

%

Treasury

%

Digitex Team

Continued Funding

There are three phases of revenue generation for the Digitex Futures exchange. The first was our ICO token sale on January 15th, 2018 which sold out in 17 minutes and raised over $5m. The second and current phase is the Digitex Treasury token sale which will last until the end of 2021. The third phase is Digitex Token Issuance, which starts in 2022.

ICO

700 Million DGTX Tokens

January 2018

Sold out in 17 minutes and raised over $5m

ENDED

Treasury Token Sale

100m DGTX Tokens

2019 – 2021

100m Digitex tokens to allow for continued funding

Token Issuance

Voted by Token Holders

2022 Onwards

DGTX owners vote on how many new DGTX to mint

INACTIVE

DGTX Token Issuance

Starting in 2022, Digitex will cover its costs by minting new DGTX Tokens. This token issuance revenue model removes the cost burden of the exchange from the most active traders who provide the most liquidity. And it spreads that cost evenly among all DGTX owners in the form of a small inflation rate. Any increase in DGTX supply will devalue the DGTX token price. But by using a democratic system of decentralized governance by blockchain, DGTX token owners control that inflation cost. Moreover, it is likely to be offset rapidly by the rise in demand for DGTX tokens from new traders coming to the exchange.

The Revenue Model of Token Issuance

We follow a revenue model of token issuance in a community-controlled way. So, rather than just giving the team a license to print money and wipe off value from the exchange token through inflation, we will hold token issuance votes every 3 months to continue the pattern of the current Treasury release cycle. This is done so that we can bring more users onto the exchange through effective marketing, and fund development, always in a controlled way to offset a temporary drop in DGTX token price from inflation with rising demand for DGTX as more traders flock to our commission-free exchange.

We created one billion tokens in our ICO in 2018 and the first scheduled minting of new DGTX as per the revised white paper is scheduled for 2022. This new round of DGTX issuance will be governed democratically by all DGTX exchange token owners.
The benefits of adding more users to our exchange are multiple and far outweigh the temporary effects of inflation on the DGTX price. For example, a substantial increase in people holding DGTX tokens not only makes the DGTX token price rise but it also makes our democratic token-issuance voting system more robust.

The more participants there are in the voting ecosystem, the better it will be since it ensures fairness and will allow us to make sounder decisions as a collective.

Why would DGTX token owners willingly vote to increase supply?

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 decided by the very people who are affected by it: DGTX token owners.

On the 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.

Current DGTX Token Price 

The most recent Digitex price is displayed at the bottom of each page on this site.

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