T minus 30 days and counting! In less than one month, Digitex will be throwing open the virtual doors and welcoming the first traders to our commission-free futures exchange. Our team is working around the clock to bring you all the cutting-edge features and functionality you’ve been waiting for! By the end of this month, get ready for the face of crypto trading to change forever!
Right from the start, Digitex users will benefit from our unique, zero-fee trading model, enabled by our DGTX token. We’ll be opening with BTC futures and up to 10x leverage for the first few days and then offering an unbeatable range of futures markets including Forex, indices, commodities, and metals, alongside crypto futures contracts for BTC, LTC, and ETH. Traders can then maximize potential gains with 100x leverage.
We’re launching the platform in 23 languages, making it accessible to a massive worldwide user base. Users will have access to a range of professional charting and trading tools as well.
One problem that new exchanges often face is liquidity. If there isn’t a sufficient mass of users placing buy and sell orders, then orders can’t be matched. This results in sluggish trading and risks of losing out to slippage.
So, alongside making sure that the Digitex platform is ready for the 30th April launch, we’re taking several active steps to assure guaranteed liquidity for Digitex traders.
As you know, on Digitex, all profits, losses, margin requirements and account balances are denominated in DGTX. Therefore, only holders of DGTX tokens can use the exchange and benefit from the commission-free trading. Demand for zero-fee trading drives demand for DGTX, which in turn drives the value of the token.
Therefore, unlike other exchanges and exchange tokens, it’s the activity of the DGTX token which creates liquidity for the exchange. This means our liquidity strategy is two-pronged. We’ll be using automated market makers, combined with bringing together a large base of potential users HODLing DGTX in anticipation of the launch.
Automated Market Makers
From launch, Digitex will deploy automated trading algorithms as market makers, which are programmed to break even. They will be highly active on the exchange trading with a reserve of 100 million DGTX tokens, which represents 10% of the total token supply.
These automated market makers help create liquid futures markets and ensure tight bid and offer spreads, even in volatile market conditions. This gives traders the confidence that they can always enter and exit positions, which further enhances liquidity.
Our waitlist hit the one million subscriber mark back in February, and it’s still growing fast. If even a small percentage of our waitlist subscribers are active traders from launch, we’ll be off with a bang!
We’re giving away a total of 10 million DGTX via airdrop–1,000 DGTX each to 10K traders–plus 2 million to the top 10 names from both waitlist contests (100K DGTX each).
The first 5,000 were already announced at the end of December, and the second set of winners will be announced shortly after the waitlist closes on 20th April.
This means that we’ll be opening the exchange with 12 million airdropped DGTX in our liquidity pool plus another 100 million stored in cold wallets for market making.
And let’s not even get started on the huge number of traders who have been HODLing DGTX ready for launch! Add that all up and we ample resources to ensure that we launch with a very active, liquid exchange!
It’s not too late to win free DGTX! Simply get yourself a referral code using this link. Then, just start referring, asking your friends and fellow traders to use your referral code when they sign up for the waitlist.
You can check your position at any time by putting your referral code on the end of this URL: https://signup.digitexfutures.com/?kolid=.
Digitex Treasury Token Sale
The first ever Digitex Treasury token sale opened on 1st March, with 10 million DGTX tokens on offer. They’ve been selling steadily, with nearly 40% already snapped up at the time of writing, meaning there are now even more people ready to start trading their DGTX on the exchange at launch.
Our main aim is to bring on board as many users to the exchange as possible, to give an assurance of liquidity and drive the value of the DGTX token. Therefore, it’s imperative to us that whales are prevented from buying up vast quantities of DGTX. Whales can end up having an undue influence on the price of the token if they decide to dump, but they’re also just one user.
Rather than one whale HODLing five million DGTX, we’d rather have a thousand active traders with 5k DGTX. The latter will contribute far more liquidity without risking the value of the token. For this reason, we have a cap of 1,000,000 DGTX allowed to be sold to any single individual.
We’ll be opening a new sale of 10 million Treasury tokens each quarter, with the last one starting in June 2021. So, the Treasury provides plenty of opportunities for new users to buy DGTX and begin trading.
With the automated market makers and a ready-and-waiting base of users eager to take advantage of zero-fee trading, we’re fully confident that Digitex will be highly liquid from the moment we launch.
You can help us make Digitex the most liquid futures exchange on the market and be in with a chance of winning FREE DGTX to boot! If you haven’t done already, there’s still time to sign up and start referring!