The Digitex Treasury Token Sale
March 1st 2019 – ongoing
The Digitex Treasury token sale is the funding mechanism that supports the Digitex Futures exchange, allowing the exchange to operate without charging transaction fees on trades. It allows the exchange to sell tokens in a transparent manner with the full knowledge of all market participants.
Initial funding of the Digitex Treasury came from holding back 100 million DGTX tokens (10% of the total supply of DGTX) from the Digitex ICO and locking those tokens into the Digitex Treasury smart contract.
Starting on March 1st 2019, and every three months thereafter, the Digitex Treasury smart contract releases 10 million DGTX tokens which are sold at the current market price in an ongoing public token sale.
All proceeds from this ongoing token sale go towards the development, marketing and support costs of operating a zero-fee, peer to peer futures trading platform with no built in edge working against its traders.
According to this three month token release schedule, the final 10 million DGTX tokens will be released from the Digitex Treasury smart contract on June 1st 2021. This gradual release of tokens ensures a further 2 years of commission-free futures markets, thereby increasing demand for DGTX tokens from traders who are attracted to zero-fee, high leverage futures markets.
Starting in 2022, DGTX token owners will vote on how many new DGTX tokens to mint in order to top up the Digitex Treasury with more tokens. A higher token price caused by increased demand from traders will minimize the number of DGTX that must be created.
In this manner, the Digitex Treasury token sale will continue indefinitely as the funding mechanism of the exchange, effectively replacing exchange commission fees with a single digit annual dilution of the DGTX token which will be comfortably offset by increased demand from traders.
How To Buy DGTX From The Digitex Treasury
To purchase DGTX tokens you send Ether (ETH) from your Ethereum wallet to our token sale smart contract address. Upon receiving your payment the smart contract calculates how many DGTX tokens you get and automatically sends them back to the same Ethereum wallet address. Your transaction is instant and trustless. Don’t send Ether from a cryptocurrency exchange wallet that does not accept DGTX or your tokens will be lost.