Digitex Development - The Next Steps 1

Digitex Development – The Next Steps

Digitex City
Digitex Futures
• Digitex Futures
January 15, 2021

First of all, we’d like to thank you all for your patience over recent weeks. We really needed this time to regroup, come together, and thrash out a solid plan for our path forward. So, that may have meant being a little quieter than usual but it’s paid off because we’re ready to share the next steps with you. 

We’re confident about the road ahead which will lead us to a new and improved iteration of the exchange in the shortest timeframe possible. It’s less ambitious than originally planned but this is on purpose to ensure that we deliver real results and functionality – before we begin to build more from here.

Upgrading the Digitex Exchange

Keeping this in mind, we have already started to get to work on delivering key upgrades that will give the exchange a wider appeal. Here is what you can expect to see coming soon to the Digitex exchange:

  • A streamlined onboarding process for new users
  • 3 new spot markets enabling even more routes for buying and selling DGTX
  • Rewards system for market makers adding liquidity to the exchange
  • Credit card purchases of DGTX tokens
  • Instant conversions of multiple cryptocurrencies into DGTX
  • New and improved user interface and navigation

All these improved functions and additional features are easily in reach and will 10x the user experience on the exchange. Making DGTX available with a credit card will also help the user onboarding process, as will spot markets making buying DGTX easier than ever. 

The Social Platform

In parallel to the exchange upgrades, we have also been working on the social platform since early 2020. As you are aware, this went live in a beta version in December, and we’re pleased to say that we’re already making progress with a significant number of legitimate users signing up and using the platform to connect with others. We are encouraged by this and continue to focus on improving the platform. 

Mobile connectivity will be a significant growth enabler, given how many people prefer social networking on their phones. So we are currently working on mobile apps for both Android and iOS, which will be released later this year and we plan to continue growing and nurturing the user base over 2021.

Additional Comments

Much of the development groundwork for the exchange and social platform has already been completed. However, both need a few months of bug and traffic testing before they will be ready for active marketing. We’ll be providing you with updates as soon as they are completely ready to ship. 

Based on expert advice, we’ve had to make the difficult decision not to proceed with launching DUSD. We know that this will be disappointing to many of you, however, the reason for this is due to the evolving regulatory landscape around stablecoins and potential issues in bringing DUSD to market. 

Despite this setback, we remain committed to ensuring an optimal user experience for our traders and believe that the improved onboarding and fiat gateway will attract more attention to the Digitex exchange – as will the ability to earn rewards through market making on the exchange. 

Also, don’t forget that the DGTX Pool Rewards program is still live on Uniswap. We have added another 5 million DGTX to the pool this week and the APY is currently around 90% – a significant ROI. 

We remain as intent as ever to make the Digitex exchange a success and restore value to the DGTX token. Now that we have a clear path forward and can focus on the fundamental tasks ahead, we can begin to do this. If you have any questions, please let us know through the usual channels or contact us via our 24/7 Live Chat.

January 15, 2021
Digitex City
Digitex Futures

Digitex Development – The Next Steps

Digitex Futures
Digitex Development - The Next Steps 2

First of all, we’d like to thank you all for your patience over recent weeks. We really needed this time to regroup, come together, and thrash out a solid plan for our path forward. So, that may have meant being a little quieter than usual but it’s paid off because we’re ready to share the next steps with you. 

We’re confident about the road ahead which will lead us to a new and improved iteration of the exchange in the shortest timeframe possible. It’s less ambitious than originally planned but this is on purpose to ensure that we deliver real results and functionality – before we begin to build more from here.

Upgrading the Digitex Exchange

Keeping this in mind, we have already started to get to work on delivering key upgrades that will give the exchange a wider appeal. Here is what you can expect to see coming soon to the Digitex exchange:

  • A streamlined onboarding process for new users
  • 3 new spot markets enabling even more routes for buying and selling DGTX
  • Rewards system for market makers adding liquidity to the exchange
  • Credit card purchases of DGTX tokens
  • Instant conversions of multiple cryptocurrencies into DGTX
  • New and improved user interface and navigation

All these improved functions and additional features are easily in reach and will 10x the user experience on the exchange. Making DGTX available with a credit card will also help the user onboarding process, as will spot markets making buying DGTX easier than ever. 

The Social Platform

In parallel to the exchange upgrades, we have also been working on the social platform since early 2020. As you are aware, this went live in a beta version in December, and we’re pleased to say that we’re already making progress with a significant number of legitimate users signing up and using the platform to connect with others. We are encouraged by this and continue to focus on improving the platform. 

Mobile connectivity will be a significant growth enabler, given how many people prefer social networking on their phones. So we are currently working on mobile apps for both Android and iOS, which will be released later this year and we plan to continue growing and nurturing the user base over 2021.

Additional Comments

Much of the development groundwork for the exchange and social platform has already been completed. However, both need a few months of bug and traffic testing before they will be ready for active marketing. We’ll be providing you with updates as soon as they are completely ready to ship. 

Based on expert advice, we’ve had to make the difficult decision not to proceed with launching DUSD. We know that this will be disappointing to many of you, however, the reason for this is due to the evolving regulatory landscape around stablecoins and potential issues in bringing DUSD to market. 

Despite this setback, we remain committed to ensuring an optimal user experience for our traders and believe that the improved onboarding and fiat gateway will attract more attention to the Digitex exchange – as will the ability to earn rewards through market making on the exchange. 

Also, don’t forget that the DGTX Pool Rewards program is still live on Uniswap. We have added another 5 million DGTX to the pool this week and the APY is currently around 90% – a significant ROI. 

We remain as intent as ever to make the Digitex exchange a success and restore value to the DGTX token. Now that we have a clear path forward and can focus on the fundamental tasks ahead, we can begin to do this. If you have any questions, please let us know through the usual channels or contact us via our 24/7 Live Chat.

Latest News

Digitex Welcomes 2021 - An Epic Year for Crypto 3

Digitex Welcomes 2021 – An Epic Year for Crypto

Digitex City
Digitex Futures
• Digitex Futures
January 8, 2021

It’s hard to believe that the first week of 2021 is coming to an end – and what a week it has been. As we write these words, BTC has blasted past $41K, ETH is setting its sights on its all-time high, and interest in cryptocurrencies has never been more pronounced. 2021 certainly looks to be an epic year for crypto – and Digitex will be no exception.

We’ve started the year off quietly and calmly and we know this is uncharacteristic of us. But we want to let all our supporters know that we’re serious about making Digitex succeed and we’re putting our best effort in to make that happen.

As we shared with you in our End of Year message, the launch of Digitex City most certainly did not go as planned. But we aim to learn from our mistakes. For that reason, we’ve decided to keep communications low-key and, instead, focus all our energy on working on the critical items that will set up us for success this year. 

Instead of focusing on what’s to come and perhaps raising expectations or inciting debates, we’ll be letting you know about the upgrades and improvements as soon as they are ready to ship. Our number one priority right now is resolving the problem of DGTX volatility when trading on the platform – as well as how to ensure that the DGTX token returns value for its holders. 

We’re also looking at how to move forward with upgrades to Digitex CIty and bring them to market in the most effective way. 

Alive and Kicking and Constantly Improving

As you can see from our socials, tickets, and 24/7 support, we’re all still very much here, and your support and faith in the project matter more to us than ever. So, please bear with us while we work to deliver the upgrades and functionality you deserve that will take the exchange to the next level. In the coming weeks and months, we’ll be sharing plenty of good news with you. But learning from our past, we’re not going to put clear dates on releases this time around.

So, while it may feel as if we’re taking a break or not working on the project, we can assure you that nothing could be further from the truth. This quiet period allows us to ensure that when we next communicate good news to you, you can immediately see the results live and working and flawlessly tested.

In the meantime, don’t forget that the Digitex Futures exchange is still operating – and what an incredible time to trade BTC futures! With the savage volatility right, the opportunities for scalping are endless and there are plenty of gains to be made. So, be sure to take advantage of our rapid-fire trading ladder and zero-fee model as BTC continues to assert itself as a worthy alternative asset class.

If you have any questions, feel free to reach out to us via support, chat, or on any of our socials. We’re available around the clock and looking forward to an epic year for crypto and for Digitex as well.

January 8, 2021
Digitex City
Digitex Futures

Digitex Welcomes 2021 – An Epic Year for Crypto

Digitex Futures
Digitex Welcomes 2021 - An Epic Year for Crypto 4

It’s hard to believe that the first week of 2021 is coming to an end – and what a week it has been. As we write these words, BTC has blasted past $41K, ETH is setting its sights on its all-time high, and interest in cryptocurrencies has never been more pronounced. 2021 certainly looks to be an epic year for crypto – and Digitex will be no exception.

We’ve started the year off quietly and calmly and we know this is uncharacteristic of us. But we want to let all our supporters know that we’re serious about making Digitex succeed and we’re putting our best effort in to make that happen.

As we shared with you in our End of Year message, the launch of Digitex City most certainly did not go as planned. But we aim to learn from our mistakes. For that reason, we’ve decided to keep communications low-key and, instead, focus all our energy on working on the critical items that will set up us for success this year. 

Instead of focusing on what’s to come and perhaps raising expectations or inciting debates, we’ll be letting you know about the upgrades and improvements as soon as they are ready to ship. Our number one priority right now is resolving the problem of DGTX volatility when trading on the platform – as well as how to ensure that the DGTX token returns value for its holders. 

We’re also looking at how to move forward with upgrades to Digitex CIty and bring them to market in the most effective way. 

Alive and Kicking and Constantly Improving

As you can see from our socials, tickets, and 24/7 support, we’re all still very much here, and your support and faith in the project matter more to us than ever. So, please bear with us while we work to deliver the upgrades and functionality you deserve that will take the exchange to the next level. In the coming weeks and months, we’ll be sharing plenty of good news with you. But learning from our past, we’re not going to put clear dates on releases this time around.

So, while it may feel as if we’re taking a break or not working on the project, we can assure you that nothing could be further from the truth. This quiet period allows us to ensure that when we next communicate good news to you, you can immediately see the results live and working and flawlessly tested.

In the meantime, don’t forget that the Digitex Futures exchange is still operating – and what an incredible time to trade BTC futures! With the savage volatility right, the opportunities for scalping are endless and there are plenty of gains to be made. So, be sure to take advantage of our rapid-fire trading ladder and zero-fee model as BTC continues to assert itself as a worthy alternative asset class.

If you have any questions, feel free to reach out to us via support, chat, or on any of our socials. We’re available around the clock and looking forward to an epic year for crypto and for Digitex as well.

Latest News

digitex

End of Year Message from the Digitex Team

Digitex City
Digitex Futures
• Digitex Futures
December 30, 2020

2020 has been a hard year for us all and, at Digitex, we’ve certainly had our share of bumps along the road. No one could have possibly imagined just how much our lives would change in such a short time or the hardship and upheaval that would affect everything – including our best efforts to launch a new and improved exchange for our users.

In fact, even without a global pandemic, the startup journey is fraught with challenges–from idea to funding, to building the right team, to developing something that actually works–and then seeing this product show proof of concept with successful marketing efforts. It’s no wonder so many startups fail when the chances of getting all these components to work are slim to none.

Then, you add in the effects of the retail market and community feedback following this progress as they slowly start criticizing you each step of the way, and this easily explains why 90% of startups get driven down to nothing. Fortunately, that isn’t the case with Digitex. 

A Period of Reflection

We’ll admit that we’ve had better days. We know that after your continued support over the last three years, you’re probably feeling worried, angry, and frustrated. After the failed launch of Digitex City and the token price crashing to below its ICO price, things may seem desperate, but, the first thing we want you to know is that it’s nowhere near over. 

We’ve had some very good wins along the way, too. But there have been too many damaging events. It almost feels as if it’s two steps forward and three steps back. This is why we have decided not to rush this time into announcing our next move. Instead, we are taking the time to really consider everything we’ve built, our resources, and lessons learned. 

In the three years that the company has grown and developed, we now have a good amount of resources to work with thanks to our investors — a large team, cutting-edge technology, and the concept itself, “Zero-fee Bitcoin futures trading with a rapid-fire, single-click ladder interface.” This business has proven itself to work. But we do also need to rethink some of the product fundamentals, such as the very damaging effect that DGTX price volatility has on our ability to attract and keep traders. 

What We Need Moving Forward

We know that this is the fundamental problem that we need to fix moving forward. We need a working stablecoin, liquid markets, and strong marketing to build a large user base. These are some of the key business elements we need to fix, and we are figuring out all these things right now with the team.

Another key issue for us moving forward is to really nail down how this business generates returns and value back to its investors and users. We need to ask questions, such as, “What will make this product actually better so that the user base grows?”, and more importantly, “How do we direct the company forwards so that it actually grows and generates returns?”

These are some questions that we are currently discussing at the ‘virtual round table’ and although there are some very good solutions being tossed around in the air right now, we’re past the stage of any error. From this point forward, WE HAVE TO MAKE THIS WORK — for the investors, the users, the team, and the future of this company.

To Answer Some of Your Questions

Before we close this message, we’ll provide answers below to some of the questions we have had from investors that we can answer right now. As we said, your other questions will be answered as soon as we have solidified our plan moving forward.

1. Do we have funds to continue operating? 

Yes, Adam mentioned this in his last video… the team is all here and we are all working.

2. What is happening with the newly minted DGTX tokens?

Those will remain untouched for now, as we don’t have any rewards programs in Digitex City as planned. If we do find a use for the new tokens, we will share this information with you prior to taking any action and explain in full detail what we will do before we start using them.

3. Will we continue minting more tokens as we’ve scheduled? 

No, we will not be minting DGTX tokens according to the published minting schedule because Digitex City did not launch as planned and they are currently not needed.

4. What’s happening with all the Digitex City plans? 

This is what we are reviewing right now and we will share more information once we’ve come to an agreement with our internal team.

5. Are we still working with SmartDec? 

Yes. Although, we will not be sharing with you so much of our future development plans as it often does not work out as planned. Rather, we will be developing new features in the background, and we will only be releasing new features and upgrades to the exchange once we are satisfied with the quality.

Wrapping It Up

Our greatest lesson learned from this year of development (from testnet to mainnet to attempting to develop a 2.0 version) is that quality control is THE most important aspect of the development process. This was overlooked in order to have delivered what we had written on paper. Right now, we are working to reconfigure the team and workflow and put in place strong work practices that will secure quality control for all future product releases.

So to end our message on a positive note, we are here to stay, and we are preparing a new plan forward. You will hear good news from us once we have a solution in place. But for the first few weeks of the new year, you will not be receiving daily blog posts and social posts as there’s no need. We are making fundamental business changes, and, when we are ready, we will pick it all back up, and hit the road running fast. 

Our support is available 24/7, and the exchange is still operating as normal — feel free to reach out to us at any time if you have questions. Thanks to all those who have always believed in us. We’ll get through this one, and we’ll be stronger than ever because of it. Cheers, and wishing you all a Happy New Year.

December 30, 2020
Digitex City
Digitex Futures

End of Year Message from the Digitex Team

Digitex Futures
digitex

2020 has been a hard year for us all and, at Digitex, we’ve certainly had our share of bumps along the road. No one could have possibly imagined just how much our lives would change in such a short time or the hardship and upheaval that would affect everything – including our best efforts to launch a new and improved exchange for our users.

In fact, even without a global pandemic, the startup journey is fraught with challenges–from idea to funding, to building the right team, to developing something that actually works–and then seeing this product show proof of concept with successful marketing efforts. It’s no wonder so many startups fail when the chances of getting all these components to work are slim to none.

Then, you add in the effects of the retail market and community feedback following this progress as they slowly start criticizing you each step of the way, and this easily explains why 90% of startups get driven down to nothing. Fortunately, that isn’t the case with Digitex. 

A Period of Reflection

We’ll admit that we’ve had better days. We know that after your continued support over the last three years, you’re probably feeling worried, angry, and frustrated. After the failed launch of Digitex City and the token price crashing to below its ICO price, things may seem desperate, but, the first thing we want you to know is that it’s nowhere near over. 

We’ve had some very good wins along the way, too. But there have been too many damaging events. It almost feels as if it’s two steps forward and three steps back. This is why we have decided not to rush this time into announcing our next move. Instead, we are taking the time to really consider everything we’ve built, our resources, and lessons learned. 

In the three years that the company has grown and developed, we now have a good amount of resources to work with thanks to our investors — a large team, cutting-edge technology, and the concept itself, “Zero-fee Bitcoin futures trading with a rapid-fire, single-click ladder interface.” This business has proven itself to work. But we do also need to rethink some of the product fundamentals, such as the very damaging effect that DGTX price volatility has on our ability to attract and keep traders. 

What We Need Moving Forward

We know that this is the fundamental problem that we need to fix moving forward. We need a working stablecoin, liquid markets, and strong marketing to build a large user base. These are some of the key business elements we need to fix, and we are figuring out all these things right now with the team.

Another key issue for us moving forward is to really nail down how this business generates returns and value back to its investors and users. We need to ask questions, such as, “What will make this product actually better so that the user base grows?”, and more importantly, “How do we direct the company forwards so that it actually grows and generates returns?”

These are some questions that we are currently discussing at the ‘virtual round table’ and although there are some very good solutions being tossed around in the air right now, we’re past the stage of any error. From this point forward, WE HAVE TO MAKE THIS WORK — for the investors, the users, the team, and the future of this company.

To Answer Some of Your Questions

Before we close this message, we’ll provide answers below to some of the questions we have had from investors that we can answer right now. As we said, your other questions will be answered as soon as we have solidified our plan moving forward.

1. Do we have funds to continue operating? 

Yes, Adam mentioned this in his last video… the team is all here and we are all working.

2. What is happening with the newly minted DGTX tokens?

Those will remain untouched for now, as we don’t have any rewards programs in Digitex City as planned. If we do find a use for the new tokens, we will share this information with you prior to taking any action and explain in full detail what we will do before we start using them.

3. Will we continue minting more tokens as we’ve scheduled? 

No, we will not be minting DGTX tokens according to the published minting schedule because Digitex City did not launch as planned and they are currently not needed.

4. What’s happening with all the Digitex City plans? 

This is what we are reviewing right now and we will share more information once we’ve come to an agreement with our internal team.

5. Are we still working with SmartDec? 

Yes. Although, we will not be sharing with you so much of our future development plans as it often does not work out as planned. Rather, we will be developing new features in the background, and we will only be releasing new features and upgrades to the exchange once we are satisfied with the quality.

Wrapping It Up

Our greatest lesson learned from this year of development (from testnet to mainnet to attempting to develop a 2.0 version) is that quality control is THE most important aspect of the development process. This was overlooked in order to have delivered what we had written on paper. Right now, we are working to reconfigure the team and workflow and put in place strong work practices that will secure quality control for all future product releases.

So to end our message on a positive note, we are here to stay, and we are preparing a new plan forward. You will hear good news from us once we have a solution in place. But for the first few weeks of the new year, you will not be receiving daily blog posts and social posts as there’s no need. We are making fundamental business changes, and, when we are ready, we will pick it all back up, and hit the road running fast. 

Our support is available 24/7, and the exchange is still operating as normal — feel free to reach out to us at any time if you have questions. Thanks to all those who have always believed in us. We’ll get through this one, and we’ll be stronger than ever because of it. Cheers, and wishing you all a Happy New Year.

Latest News

Feedback

Community Feedback: All Your Questions Answered

Digitex Futures
• Digitex Futures
December 18, 2020

It’s been a busy month so far and there have been some questions and confusion over our recent products, plans, and initiatives. We’d like to reassure you that Digitex is moving ahead, and we’re powering behind the scenes to put all the moving parts together to realize the Digitex City vision. For now, though, we’ve collected your most frequent questions and provided answers to them below. If you still have more, be sure to let us know. 

Is SmartDec abandoning the project?

Whether it’s down to linguistical semantics, fudders, or a simple misunderstanding, some people read SmartDec’s latest blog post as a critic about Adam and Digitex. A few community members even went as far as to say that they thought that SmartDec would abandon the project. Nothing could be further from the truth. Be sure to check out their latest blog post today detailing what they are working on and reiterating that they are very much still in full control of development.

Also, let’s be clear so that this latest blog post isn’t lost in translation as well. When SmartDec mentions all of Adam’s ideas and how implementing them all was impossible, what they mean is that Adam is a very creative person and they have their work cut out for them! But, they accepted the challenge and have given their word to deliver. Although they are running behind, this commitment remains firm.

Digitex will always be a work in progress as long as Adam and the team continue to innovate and iterate to keep pace with a fast-moving industry. Please remember that we made good on our word to deliver you a stellar and robust BTC futures trading platform. The latest upgrades will soon be completed, there is no reason to doubt this, SmartDec has always delivered in the past.

Are we minting DGTX to sell on the market?

The DGTX Mint Schedule was not understood by some of our community members. If we failed to express our intentions clearly, we apologize. However, the purpose of minting DGTX is not to sell the tokens on the market. We have allocated the overwhelming majority of the first mint to pay for the rewards programs. These will become active as soon as we switch from testnet to mainnet and you can see the full breakdown of all the transactions and wallets where the DGTX has been sent here.

One small change is that we have decided to reallocate tokens from the DUSD bonds program to market-making on the live DFE exchange as this rewards active traders on the BTC $5 market on the DFE and is something that can be utilized now in order to attract new users. Aside from this, we do not sell our tokens on markets — rather, tokens are sold via the Digitex Treasury in a transparent ongoing public token sale to traders.

Why is there slippage from the spot price?

We are pleased to say that this issue has now been addressed. Go and check it out for yourselves! The spot and futures on BTC5 are exactly aligned and extremely liquid right now, with a 24-hour volume of $550 million.

Why is the testnet so slow?

We understand that there are some disappointments with the testnet so far, with the biggest concern being raised about its speed. All we can say about this is, please bear with us, we are working on it. We know that we did not deliver as we had hoped. We experienced many last-minute technical issues, which is why we decided to launch in testnet mode first at the final hour.

Unfortunately, we simply ran out of time to thoroughly test and deliver on everything we hoped to have complete. The good news is that the testnet is live, and we will be interactively working with the community to fix and improve the UI/UX.

SmartDec will also be sharing frequent reports about development progress that will be open for the public to see and the whole process will be made transparent as we move forward.

Why are there bugs and glitches on the testnet?

We know that there are bugs and glitches on the testnet right now. Some frequent problems are arising when logging into Digitex Connect or the testnet getting stuck with 2FA code only and not opening. We also know that the trading wallet balance cannot transfer to the main wallet balance and that we need to work on getting you more DGTX testnet tokens.

Thank you for reporting these problems. SmartDec is working down the list and they will be reporting as soon as these issues are fixed. We appreciate your patience.

Is Digitex Connect a white label platform?

Yes, we bought a white label platform called Wowonder, and it’s normal to buy a white label platform to get something running up and fast. Plus, we’ve been customizing it for a few months now.

We addressed our plans to introduce a social platform to our internal community last autumn of 2019, so we’ve been playing around with this platform and concept for some time now. The platform in fact looks a lot different from how it looked originally.

Working on something out of the box allows us to test this ‘proof of concept’ of a cryptocurrency social platform, and from here we can continue to customize features which will meet the community’s needs. 

Down the line, we plan to integrate the social network and exchange as one platform and one single login. As we’ve announced to everyone earlier this year, we plan to develop Digitex City — an ecosystem of products which will utilize the DGTX token.

But there’s still a lot more work to be done, like setting up servers and marketing the platform. As well as, cross-marketing DFE and DC in its early stage. Please understand that development takes time, and requires lots of rigorous testing. We can only do this with your help.

How does the multiplier on the rewards program via Uniswap work?

Essentially, the multiplier is in place to reward those who stake for a longer period of time. When you begin staking, you begin at a 1X bonus multiplier on your reward earnings. This multiplier increases the longer you leave your pool tokens in, so it’s worth staking your tokens for a longer time to earn increased rewards.

We hope that we’ve addressed your key questions here and that you will continue to bear with us as we improve. Also, please continue to share any bugs that you find with us as it will help us reach our goals more quickly. And, don’t forget to take advantage of bitcoin’s mad volatility right now on our massively liquid BTC5 market where you can make some serious gainz.

If you still have more questions, please connect with us on Digitex Connect. Post your comments in the new Digitex City group. Adam as well as our community managers will be happy to answer your questions or concerns about our products: Digitex Futures, Digitex Connect, DGTX Rewards, or Digitex City future plans. Cheers!

December 18, 2020
Digitex Futures

Community Feedback: All Your Questions Answered

Digitex Futures
Feedback

It’s been a busy month so far and there have been some questions and confusion over our recent products, plans, and initiatives. We’d like to reassure you that Digitex is moving ahead, and we’re powering behind the scenes to put all the moving parts together to realize the Digitex City vision. For now, though, we’ve collected your most frequent questions and provided answers to them below. If you still have more, be sure to let us know. 

Is SmartDec abandoning the project?

Whether it’s down to linguistical semantics, fudders, or a simple misunderstanding, some people read SmartDec’s latest blog post as a critic about Adam and Digitex. A few community members even went as far as to say that they thought that SmartDec would abandon the project. Nothing could be further from the truth. Be sure to check out their latest blog post today detailing what they are working on and reiterating that they are very much still in full control of development.

Also, let’s be clear so that this latest blog post isn’t lost in translation as well. When SmartDec mentions all of Adam’s ideas and how implementing them all was impossible, what they mean is that Adam is a very creative person and they have their work cut out for them! But, they accepted the challenge and have given their word to deliver. Although they are running behind, this commitment remains firm.

Digitex will always be a work in progress as long as Adam and the team continue to innovate and iterate to keep pace with a fast-moving industry. Please remember that we made good on our word to deliver you a stellar and robust BTC futures trading platform. The latest upgrades will soon be completed, there is no reason to doubt this, SmartDec has always delivered in the past.

Are we minting DGTX to sell on the market?

The DGTX Mint Schedule was not understood by some of our community members. If we failed to express our intentions clearly, we apologize. However, the purpose of minting DGTX is not to sell the tokens on the market. We have allocated the overwhelming majority of the first mint to pay for the rewards programs. These will become active as soon as we switch from testnet to mainnet and you can see the full breakdown of all the transactions and wallets where the DGTX has been sent here.

One small change is that we have decided to reallocate tokens from the DUSD bonds program to market-making on the live DFE exchange as this rewards active traders on the BTC $5 market on the DFE and is something that can be utilized now in order to attract new users. Aside from this, we do not sell our tokens on markets — rather, tokens are sold via the Digitex Treasury in a transparent ongoing public token sale to traders.

Why is there slippage from the spot price?

We are pleased to say that this issue has now been addressed. Go and check it out for yourselves! The spot and futures on BTC5 are exactly aligned and extremely liquid right now, with a 24-hour volume of $550 million.

Why is the testnet so slow?

We understand that there are some disappointments with the testnet so far, with the biggest concern being raised about its speed. All we can say about this is, please bear with us, we are working on it. We know that we did not deliver as we had hoped. We experienced many last-minute technical issues, which is why we decided to launch in testnet mode first at the final hour.

Unfortunately, we simply ran out of time to thoroughly test and deliver on everything we hoped to have complete. The good news is that the testnet is live, and we will be interactively working with the community to fix and improve the UI/UX.

SmartDec will also be sharing frequent reports about development progress that will be open for the public to see and the whole process will be made transparent as we move forward.

Why are there bugs and glitches on the testnet?

We know that there are bugs and glitches on the testnet right now. Some frequent problems are arising when logging into Digitex Connect or the testnet getting stuck with 2FA code only and not opening. We also know that the trading wallet balance cannot transfer to the main wallet balance and that we need to work on getting you more DGTX testnet tokens.

Thank you for reporting these problems. SmartDec is working down the list and they will be reporting as soon as these issues are fixed. We appreciate your patience.

Is Digitex Connect a white label platform?

Yes, we bought a white label platform called Wowonder, and it’s normal to buy a white label platform to get something running up and fast. Plus, we’ve been customizing it for a few months now.

We addressed our plans to introduce a social platform to our internal community last autumn of 2019, so we’ve been playing around with this platform and concept for some time now. The platform in fact looks a lot different from how it looked originally.

Working on something out of the box allows us to test this ‘proof of concept’ of a cryptocurrency social platform, and from here we can continue to customize features which will meet the community’s needs. 

Down the line, we plan to integrate the social network and exchange as one platform and one single login. As we’ve announced to everyone earlier this year, we plan to develop Digitex City — an ecosystem of products which will utilize the DGTX token.

But there’s still a lot more work to be done, like setting up servers and marketing the platform. As well as, cross-marketing DFE and DC in its early stage. Please understand that development takes time, and requires lots of rigorous testing. We can only do this with your help.

How does the multiplier on the rewards program via Uniswap work?

Essentially, the multiplier is in place to reward those who stake for a longer period of time. When you begin staking, you begin at a 1X bonus multiplier on your reward earnings. This multiplier increases the longer you leave your pool tokens in, so it’s worth staking your tokens for a longer time to earn increased rewards.

We hope that we’ve addressed your key questions here and that you will continue to bear with us as we improve. Also, please continue to share any bugs that you find with us as it will help us reach our goals more quickly. And, don’t forget to take advantage of bitcoin’s mad volatility right now on our massively liquid BTC5 market where you can make some serious gainz.

If you still have more questions, please connect with us on Digitex Connect. Post your comments in the new Digitex City group. Adam as well as our community managers will be happy to answer your questions or concerns about our products: Digitex Futures, Digitex Connect, DGTX Rewards, or Digitex City future plans. Cheers!

Latest News

Digitex

All About the Latest Upgrades at Digitex

Digitex Futures
• Digitex Futures
December 16, 2020

If you were watching Digitex yesterday, you’ll have guessed how much was happening behind the scenes! Our team was literally working around the clock to bring the Digitex City beta to you with Connect and Trade fully integrated and an easy login using one single set of credentials. Unfortunately, we weren’t able to achieve the Trade, Play, Connect concept as we had envisioned yesterday. So, here’s what we have done and what’s going to happen next.

Digitex Trade

We suffered many technical issues when merging the single login for the Trade and Connect. This prevented us from launching in the way we wanted and we had to make some calls. While the exchange and social platform will be merged in the future on the Digitex City domain, for now, the two will remain separate as we work on debugging both and readying them for a mass onboard of users.

For now, the new exchange has been put on the testnet with a brand-new UI, but its features still require a lot of work. As soon as we’ve thoroughly tested everything (with your help to uncover bugs), we’ll move the new features over to the mainnet.

Digitex Connect

We also launched a brand new product yesterday, Digitex Connect, a social platform designed for crypto users. This is the beta version of the platform and we’re still putting it through its paces to make sure it delivers a seamless and intuitive user experience. You can still go in and look around and tell us what you think. 

We’ll be adding pages and creating groups over the coming days and Adam will be online and ready to chat with you, so keep your eyes open! Create your account here now.

The Future for Digitex City 

Digitex City is still very much in play and the domain is the heart of the Digitex brand, at which users will discover all of Digitex’s zero-fee, no house edge, cryptocurrency products. We plan to roll out many more products under the Digitex brand, including poker, casino games, eSports betting, and more (as promised). These products will eventually have a single login which will act as a universal passport with one single wallet for all (DGTX & DUSD). 

We apologize to the community that we couldn’t deliver on the ‘Trade, Play, Connect’ concept yesterday but user safety on the exchange has to be our top priority. At the moment, we are testing all the individual products, and, right now they are still not technically ready to be merged together. 

You will be able to reach all of Digitex’s different products from inside our platforms as they will be interlinked, but they don’t yet have a single login yet, so please bear with us until they do. And, please help us test the new exchange and point out any glitches or abnormalities that you find. Also, be sure to connect with us in Digitex Connect and help us improve the UX. We’ll have more exciting developments for you in the new year about the direction of our company, so stay tuned and, once again, thanks for all your support.

December 16, 2020
Digitex Futures

All About the Latest Upgrades at Digitex

Digitex Futures
Digitex

If you were watching Digitex yesterday, you’ll have guessed how much was happening behind the scenes! Our team was literally working around the clock to bring the Digitex City beta to you with Connect and Trade fully integrated and an easy login using one single set of credentials. Unfortunately, we weren’t able to achieve the Trade, Play, Connect concept as we had envisioned yesterday. So, here’s what we have done and what’s going to happen next.

Digitex Trade

We suffered many technical issues when merging the single login for the Trade and Connect. This prevented us from launching in the way we wanted and we had to make some calls. While the exchange and social platform will be merged in the future on the Digitex City domain, for now, the two will remain separate as we work on debugging both and readying them for a mass onboard of users.

For now, the new exchange has been put on the testnet with a brand-new UI, but its features still require a lot of work. As soon as we’ve thoroughly tested everything (with your help to uncover bugs), we’ll move the new features over to the mainnet.

Digitex Connect

We also launched a brand new product yesterday, Digitex Connect, a social platform designed for crypto users. This is the beta version of the platform and we’re still putting it through its paces to make sure it delivers a seamless and intuitive user experience. You can still go in and look around and tell us what you think. 

We’ll be adding pages and creating groups over the coming days and Adam will be online and ready to chat with you, so keep your eyes open! Create your account here now.

The Future for Digitex City 

Digitex City is still very much in play and the domain is the heart of the Digitex brand, at which users will discover all of Digitex’s zero-fee, no house edge, cryptocurrency products. We plan to roll out many more products under the Digitex brand, including poker, casino games, eSports betting, and more (as promised). These products will eventually have a single login which will act as a universal passport with one single wallet for all (DGTX & DUSD). 

We apologize to the community that we couldn’t deliver on the ‘Trade, Play, Connect’ concept yesterday but user safety on the exchange has to be our top priority. At the moment, we are testing all the individual products, and, right now they are still not technically ready to be merged together. 

You will be able to reach all of Digitex’s different products from inside our platforms as they will be interlinked, but they don’t yet have a single login yet, so please bear with us until they do. And, please help us test the new exchange and point out any glitches or abnormalities that you find. Also, be sure to connect with us in Digitex Connect and help us improve the UX. We’ll have more exciting developments for you in the new year about the direction of our company, so stay tuned and, once again, thanks for all your support.

Latest News

Launching

Quick Update, Launching Soon!

Digitex Futures
• Digitex Futures
December 15, 2020

Hey Community! We apologize for the minor delay launching Digitex City, but not to worry, the developers & team are hard at work. Currently, the developers are preparing to open the NEW testnet of the Digitex Exchange on the existing Digitex Futures domain. This way, it will be easier for us to release all our new features, incrementally — from testnet to mainnet as we’ve done in the past year. 

Today, once the NEW testnet is live, you will access it through the normal testnet.digitexfutures.com domain. As we debug the platform, we will add feature by feature direct onto the existing mainnet platform at exchange.digitexfutures.com. 

If you’ve been following our news and announcements over the past weeks, then you’ll understand that this was not our original plan, rather the plan was to launch everything at once. But now we clearly understand that the platform in its current state is too premature to launch on the mainnet. Yes, the product has been built, but now it requires a proper testing period. 

Regarding Digitex City

For now we will be opening only the Digitex City ‘Connect’ area. The platform is in good shape, and we are ready to start testing it with higher levels of traffic. We are hopeful that the testing goes well, and in the new year we can proceed with marketing Digitex City.

Please note, we are still planning to introduce the ‘Trade’ and ‘Play’ areas into Digitex City, once the products are fully tested. We will continue to keep you updated about our development progress.

A big thanks to everyone waiting so patiently! We will have everything launched before the end of the day. Cheers 🙂 

December 15, 2020
Digitex Futures

Quick Update, Launching Soon!

Digitex Futures
Launching

Hey Community! We apologize for the minor delay launching Digitex City, but not to worry, the developers & team are hard at work. Currently, the developers are preparing to open the NEW testnet of the Digitex Exchange on the existing Digitex Futures domain. This way, it will be easier for us to release all our new features, incrementally — from testnet to mainnet as we’ve done in the past year. 

Today, once the NEW testnet is live, you will access it through the normal testnet.digitexfutures.com domain. As we debug the platform, we will add feature by feature direct onto the existing mainnet platform at exchange.digitexfutures.com. 

If you’ve been following our news and announcements over the past weeks, then you’ll understand that this was not our original plan, rather the plan was to launch everything at once. But now we clearly understand that the platform in its current state is too premature to launch on the mainnet. Yes, the product has been built, but now it requires a proper testing period. 

Regarding Digitex City

For now we will be opening only the Digitex City ‘Connect’ area. The platform is in good shape, and we are ready to start testing it with higher levels of traffic. We are hopeful that the testing goes well, and in the new year we can proceed with marketing Digitex City.

Please note, we are still planning to introduce the ‘Trade’ and ‘Play’ areas into Digitex City, once the products are fully tested. We will continue to keep you updated about our development progress.

A big thanks to everyone waiting so patiently! We will have everything launched before the end of the day. Cheers 🙂 

Latest News

Digitex City

The Launch of the Digitex City Beta

Digitex Futures
• Digitex Futures
December 14, 2020

We’re excited to open the doors to the Digitex City beta tomorrow – the first version of Trade, Play, Connect! As you know, the developers have been working tirelessly over the last few months to bring Digitex City to you. But, as SmartDec confirmed this afternoon, they will be releasing the testnet version of the Trade area first. This was a last-minute but collective decision as they simply haven’t had enough time to adequately test the platform before launching it to mainnet. What does this mean for you?

Digitex City Trade Testnet

As much as we would have liked to have launched in full mainnet mode, it simply isn’t worth taking a risk. Therefore, Digitex City Trade will be launched in testnet tomorrow and all the features found there will be the same as they would be on the mainnet but without using real funds. Users will be even able to have a test phase of creating DUSDs as well as practice trading on all the new markets.

As SmartDec mentioned, this decision was taken at the eleventh hour. The platform was set to be released to the public as mainnet but after careful consideration between the developers, Adam, and the rest of the team, we decided that it needs and deserves a proper testing period. They simply felt short on time to complete this.

Digitex Connect

We, therefore, invite all our users to explore the Trade area and connect with Adam and the team in the Digitex Connect area, which will be launching according to plan. Inside the Connect area, users can interact and discuss feedback about the platform. They can create their profiles, add friends, send public and private messages, check out all the awesome features we have in store for them, and really get a feel for the new platform. 

We’re not looking at this as a setback but more of a chance to really use this time to clean everything up and make Digitex City as robust as possible and ready for a big marketing pushing in the new year. What’s more, Adam will be in the new Connect area tomorrow chatting, so please log in with your same Digitex Futures credentials into DitgitexCity.com.

Finally, traders, we’ve got your back as well! Since Digitex City Trade will begin in testnet mode, we will not be closing Digitex Futures for the current time and will, of course, give you abundant notice when we are ready to switch the platform over. You can trade as normal on DigitexFutures.com and trial run Digitex City at the same time. Thank you for your patience and understanding, and we’re looking forward to seeing you in Digitex City tomorrow!

December 14, 2020
Digitex Futures

The Launch of the Digitex City Beta

Digitex Futures
Digitex City

We’re excited to open the doors to the Digitex City beta tomorrow – the first version of Trade, Play, Connect! As you know, the developers have been working tirelessly over the last few months to bring Digitex City to you. But, as SmartDec confirmed this afternoon, they will be releasing the testnet version of the Trade area first. This was a last-minute but collective decision as they simply haven’t had enough time to adequately test the platform before launching it to mainnet. What does this mean for you?

Digitex City Trade Testnet

As much as we would have liked to have launched in full mainnet mode, it simply isn’t worth taking a risk. Therefore, Digitex City Trade will be launched in testnet tomorrow and all the features found there will be the same as they would be on the mainnet but without using real funds. Users will be even able to have a test phase of creating DUSDs as well as practice trading on all the new markets.

As SmartDec mentioned, this decision was taken at the eleventh hour. The platform was set to be released to the public as mainnet but after careful consideration between the developers, Adam, and the rest of the team, we decided that it needs and deserves a proper testing period. They simply felt short on time to complete this.

Digitex Connect

We, therefore, invite all our users to explore the Trade area and connect with Adam and the team in the Digitex Connect area, which will be launching according to plan. Inside the Connect area, users can interact and discuss feedback about the platform. They can create their profiles, add friends, send public and private messages, check out all the awesome features we have in store for them, and really get a feel for the new platform. 

We’re not looking at this as a setback but more of a chance to really use this time to clean everything up and make Digitex City as robust as possible and ready for a big marketing pushing in the new year. What’s more, Adam will be in the new Connect area tomorrow chatting, so please log in with your same Digitex Futures credentials into DitgitexCity.com.

Finally, traders, we’ve got your back as well! Since Digitex City Trade will begin in testnet mode, we will not be closing Digitex Futures for the current time and will, of course, give you abundant notice when we are ready to switch the platform over. You can trade as normal on DigitexFutures.com and trial run Digitex City at the same time. Thank you for your patience and understanding, and we’re looking forward to seeing you in Digitex City tomorrow!

Latest News

Rewards Programs

Here Are the Wallets for Each of the DGTX Rewards Programs

Digitex Futures
• Digitex Futures
December 11, 2020

As promised, on Thursday, December 10, the first DGTX mint was conducted according to the DGTX Mint Schedule published on the blog this week. In this article, we provide you with all the links to all the transactions and wallet addresses. This is to show you where the new DGTX tokens have been allocated and how they will be spent when Digitex City beta opens its doors.

The First DGTX Mint

The first 300 million DGTX were minted in the following transaction, and are available for everyone to view on etherscan here:

https://etherscan.io/tx/0xc87d84d4e778313b66c82bfa557a559e3c04596a07b0cfb207b8991b7c2ca9ab

As you know, token minting is Digitex’s method of sustaining a commission-free trading environment for all traders. And, as our project has grown, we have evolved into catering to different types of participants in the crypto ecosystem. Not everyone in crypto is a trader–but everyone in crypto wants to make money. 

Therefore, token minting has now extended beyond a means of generating revenue and will now also compensate participants in our generous rewards and incentives programs. You can see all the wallets listed here:

https://etherscan.io/address/0x72d217e193b8d0170cc667995290ea07af3e5d2a#tokentxns

Please see the breakdown of the transactions and wallets below that show where and how the new DGTX will be used. 

1. Liquidity Mining Rewards Wallet – 90M DGTX

The first 90 million DGTX were sent to the Liquidity Mining Rewards wallet below:

0xB344A93C84987258836481e9d4d423b6aA8e586A

You can view this in the below etherscan transaction:

https://etherscan.io/tx/0xbbe740674fa815ee4f3b04f418e98bf803078fa08e8a835fe580ef941b27c812

1 million DGTX will be paid out daily in liquidity mining rewards. This amounts to 90 million DGTX for the first quarter of 2021. These rewards will be available to receive on all the markets on our exchange, both futures and spot. In this way, we encourage our users to act as market makers on the exchange keeping professional market makers out of Digitex City and rewarding users generously in return. It’s a win-win situation for all.

We’ll be posting detailed information on our website soon about how rewards are calculated and allocated as well as a Liquidity Mining Rewards leaderboard page in the Trade area and more information on how to get started racking up DGTX rewards.

2. Pool Rewards Wallet – 60M DGTX

60 million DGTX have been sent to the Pool Rewards wallet here:

0x783dD0dd4066e05E00a49B4060fea180F48b5839

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x00b5deaa7f42fc53cb783db00dfdec67ad00975f6d21166426a04bccd61e9711

60 million DGTX will be paid out every three months for our various rewards programs via decentralized exchanges. If you lend liquidity to any of our markets on Uniswap and Balancer (coming soon), you will earn attractive rewards with high APYs. Not only does this create high on-chain liquidity for DUSD and DGTX but it also gets Digitex City in front of huge new audiences and pays a generous reward. Win-win-win.

3. DUSD Creation Rewards Wallet – 45M DGTX

45 million DGTX have been sent to the DUSD Creation Rewards wallet here:

0xB829bc29C32E6f71E2B57cfA70a3fFe831EDec98

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xc998a5f4ec493839844e08dd656c01b74e252f414c6c99338597a3d7cbcf0fe5

We will be paying out 500,000 DGTX daily in DUSD Stablecoin Creation Rewards which takes us to our first quarter 2021 budget of 45 million DGTX. Through this program, you can earn daily rewards by collateralizing your DGTX tokens to release DUSD stablecoins from the Digitex Vault. Your interest payment will be paid in DGTX tokens, based on the amount of DGTX you have collateralized for DUSD creation. We’ll be walking you through how to do this as soon as Digitex City goes live on December 15. 

4. DUSD Bonds Rewards Wallet – 30M DGTX

30 million DGTX have been sent to the DUSD Bonds Rewards wallet here:

0xB7A8EfFc9d84C528FaF987f04F6BA9D5ABC411Fb

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x205e0f1b521c216951844355e8acc76d7dbc2d17b6ae825846764619d1fa7a53

As Adam mentioned in his latest AMA, DUSD bonds won’t be ready upon the initial launch of Digitex City, but they will be following shortly after. 300,000 DGTX will be paid out daily in DUSD Bond interest payments, taking us to the 30 million DGTX budget for DUSD Bond interest payments in the first quarter of 2021.

Users will be able to earn daily interest payments simply by buying DUSD-denominated bonds that pay a fixed income in DGTX. More information on this coming soon.

5. DUSD Market Making Wallet – 25M DGTX

25 million DGTX have been sent to the DUSD Market Making wallet here:

0xAF74cAA4BBfB1C121e3D1FEB23Da3333A4C9f2B3

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xdfa0c868a8728806f279cea784985ceeebcd926f3e4ba4f7f8ce9f28635539f3

These 25 million DGTX have been allocated to act as a seed fund for initial DUSD creation to ensure that we have DUSDs to kickstart the exchange when we open the doors. 

6. Affiliate Program Wallet – 25M DGTX

25 million DGTX have been sent to the Affiliate Program wallet here:

0x714DC7694c493537d8A71695808f427b04Ce03F5

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x1b53bdd1e9990ea33244419e921e669fb2247ed6ae81ba2d2e8a1bf1574171f7

If you’ve been following the Digitex project, you’ll know that we’ve had tremendous success with affiliate programs in the past in terms of building up new users, growing the community, and spreading the word about our project. That’s why we have decided to allocate 25 million DGTX every quarter to incentivize users and influencers to send us high-quality traffic and new users who will have to buy DGTX and DUSD to take part in our various money-making opportunities.

7. Digitex Treasury Wallet – 25M DGTX

25 million DGTX have been sent to the Digitex Treasury wallet here:

0x6f4E749C3f8290E32b9Db6Bcf98aCf242cb6aA2D

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xa991731d55ec3a4a1bf208fedfca45057f4384be5487b89ec4db086cd7e36473

The Digitex Treasury allows us to fund continued operations through our ongoing token sale to the public. Adding an additional 25 million to the Treasury will help us to continue providing the zero-fee ecosystem at the core of our brand.

If you want to take part in any of the above programs, be sure to stock up on DGTX now and get ready to start accruing rewards. And if you have any questions, be sure to let us know through the usual channels.

December 11, 2020
Digitex Futures

Here Are the Wallets for Each of the DGTX Rewards Programs

Digitex Futures
Rewards Programs

As promised, on Thursday, December 10, the first DGTX mint was conducted according to the DGTX Mint Schedule published on the blog this week. In this article, we provide you with all the links to all the transactions and wallet addresses. This is to show you where the new DGTX tokens have been allocated and how they will be spent when Digitex City beta opens its doors.

The First DGTX Mint

The first 300 million DGTX were minted in the following transaction, and are available for everyone to view on etherscan here:

https://etherscan.io/tx/0xc87d84d4e778313b66c82bfa557a559e3c04596a07b0cfb207b8991b7c2ca9ab

As you know, token minting is Digitex’s method of sustaining a commission-free trading environment for all traders. And, as our project has grown, we have evolved into catering to different types of participants in the crypto ecosystem. Not everyone in crypto is a trader–but everyone in crypto wants to make money. 

Therefore, token minting has now extended beyond a means of generating revenue and will now also compensate participants in our generous rewards and incentives programs. You can see all the wallets listed here:

https://etherscan.io/address/0x72d217e193b8d0170cc667995290ea07af3e5d2a#tokentxns

Please see the breakdown of the transactions and wallets below that show where and how the new DGTX will be used. 

1. Liquidity Mining Rewards Wallet – 90M DGTX

The first 90 million DGTX were sent to the Liquidity Mining Rewards wallet below:

0xB344A93C84987258836481e9d4d423b6aA8e586A

You can view this in the below etherscan transaction:

https://etherscan.io/tx/0xbbe740674fa815ee4f3b04f418e98bf803078fa08e8a835fe580ef941b27c812

1 million DGTX will be paid out daily in liquidity mining rewards. This amounts to 90 million DGTX for the first quarter of 2021. These rewards will be available to receive on all the markets on our exchange, both futures and spot. In this way, we encourage our users to act as market makers on the exchange keeping professional market makers out of Digitex City and rewarding users generously in return. It’s a win-win situation for all.

We’ll be posting detailed information on our website soon about how rewards are calculated and allocated as well as a Liquidity Mining Rewards leaderboard page in the Trade area and more information on how to get started racking up DGTX rewards.

2. Pool Rewards Wallet – 60M DGTX

60 million DGTX have been sent to the Pool Rewards wallet here:

0x783dD0dd4066e05E00a49B4060fea180F48b5839

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x00b5deaa7f42fc53cb783db00dfdec67ad00975f6d21166426a04bccd61e9711

60 million DGTX will be paid out every three months for our various rewards programs via decentralized exchanges. If you lend liquidity to any of our markets on Uniswap and Balancer (coming soon), you will earn attractive rewards with high APYs. Not only does this create high on-chain liquidity for DUSD and DGTX but it also gets Digitex City in front of huge new audiences and pays a generous reward. Win-win-win.

3. DUSD Creation Rewards Wallet – 45M DGTX

45 million DGTX have been sent to the DUSD Creation Rewards wallet here:

0xB829bc29C32E6f71E2B57cfA70a3fFe831EDec98

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xc998a5f4ec493839844e08dd656c01b74e252f414c6c99338597a3d7cbcf0fe5

We will be paying out 500,000 DGTX daily in DUSD Stablecoin Creation Rewards which takes us to our first quarter 2021 budget of 45 million DGTX. Through this program, you can earn daily rewards by collateralizing your DGTX tokens to release DUSD stablecoins from the Digitex Vault. Your interest payment will be paid in DGTX tokens, based on the amount of DGTX you have collateralized for DUSD creation. We’ll be walking you through how to do this as soon as Digitex City goes live on December 15. 

4. DUSD Bonds Rewards Wallet – 30M DGTX

30 million DGTX have been sent to the DUSD Bonds Rewards wallet here:

0xB7A8EfFc9d84C528FaF987f04F6BA9D5ABC411Fb

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x205e0f1b521c216951844355e8acc76d7dbc2d17b6ae825846764619d1fa7a53

As Adam mentioned in his latest AMA, DUSD bonds won’t be ready upon the initial launch of Digitex City, but they will be following shortly after. 300,000 DGTX will be paid out daily in DUSD Bond interest payments, taking us to the 30 million DGTX budget for DUSD Bond interest payments in the first quarter of 2021.

Users will be able to earn daily interest payments simply by buying DUSD-denominated bonds that pay a fixed income in DGTX. More information on this coming soon.

5. DUSD Market Making Wallet – 25M DGTX

25 million DGTX have been sent to the DUSD Market Making wallet here:

0xAF74cAA4BBfB1C121e3D1FEB23Da3333A4C9f2B3

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xdfa0c868a8728806f279cea784985ceeebcd926f3e4ba4f7f8ce9f28635539f3

These 25 million DGTX have been allocated to act as a seed fund for initial DUSD creation to ensure that we have DUSDs to kickstart the exchange when we open the doors. 

6. Affiliate Program Wallet – 25M DGTX

25 million DGTX have been sent to the Affiliate Program wallet here:

0x714DC7694c493537d8A71695808f427b04Ce03F5

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0x1b53bdd1e9990ea33244419e921e669fb2247ed6ae81ba2d2e8a1bf1574171f7

If you’ve been following the Digitex project, you’ll know that we’ve had tremendous success with affiliate programs in the past in terms of building up new users, growing the community, and spreading the word about our project. That’s why we have decided to allocate 25 million DGTX every quarter to incentivize users and influencers to send us high-quality traffic and new users who will have to buy DGTX and DUSD to take part in our various money-making opportunities.

7. Digitex Treasury Wallet – 25M DGTX

25 million DGTX have been sent to the Digitex Treasury wallet here:

0x6f4E749C3f8290E32b9Db6Bcf98aCf242cb6aA2D

You can view this in the etherscan transaction below:

https://etherscan.io/tx/0xa991731d55ec3a4a1bf208fedfca45057f4384be5487b89ec4db086cd7e36473

The Digitex Treasury allows us to fund continued operations through our ongoing token sale to the public. Adding an additional 25 million to the Treasury will help us to continue providing the zero-fee ecosystem at the core of our brand.

If you want to take part in any of the above programs, be sure to stock up on DGTX now and get ready to start accruing rewards. And if you have any questions, be sure to let us know through the usual channels.

Latest News

DUSD

Check Out the DUSD-denominated Market Specs for Digitex City 

Digitex Futures
• Digitex Futures
December 10, 2020

With the launch of the Digitex City beta just a few days away, we’re excited to continue the Digitex journey with our expansion to a bigger, bolder exchange that will provide a home for many different types of participants in the crypto ecosystem. Before we open our doors, we wanted to share the contract specifications for our futures and spot markets on Digitex City. We’ll be opening with 12 markets initially, four futures and eight spot markets. 

Digitex Futures Contracts Specifications

As you can see from the details below, the contract specifications are almost exactly the same as before with one major difference: the settlement currency, PnL, tick values, etc. are now denominated in DUSD rather than DGTX. 

Check Out the DUSD-denominated Market Specs for Digitex City  5

The futures contracts offered on Digitex City are perpetual swap contracts which means that they have no expiry date and are generally easier for retail traders to manage. Just like traditional futures, traders open a position based on whether they believe the value of the asset will rise (a long position) or fall (a short position). Unlike traditional futures, in order to maintain convergence between the contract price and the spot price, traders must pay funding fees. 

In Digitex City, the funding fee is paid every eight hours at 00:00, 08:00, and 16:00 UTC. If the funding rate is positive, the longs pay the shorts. If the funding rate is negative, the shorts pay the longs. Please note that only traders with open positions at one of the timestamps will pay or receive funding. If you have closed out your position beforehand, no fee will be paid.

As Adam explained in the AMA yesterday, we are no longer going to carry the DGTX-denominated markets over into Digitex City as we want a clean start for the exchange and avoid unnecessary confusion. This means that current traders have from now until December 14 to close their positions on the Digitex Futures exchange. 

On December 14 at 12:00 UTC all DGTX-denominated futures markets are going to be settled at the spot price at that time and there will be a period of 24 hours with no trading. Digitex City will open at 12:00 UTC on December 15 with all markets denominated in DUSD. 

As Adam also mentioned, for the first few days, the markets won’t be that liquid as we need to create DUSDs. This means that liquidity mining rewards will be extremely attractive for those who take part first. We therefore invite all our community members to create DUSDs and to take part in market making on all our new markets to earn generous daily rewards. Not only will you be actively making the exchange liquid but you’ll be well-compensated for your efforts.

Digitex Spot Contracts Specifications

Digitex City will launch with the only sustainable commission-free spot markets in the industry and we aim to build this side of the exchange to list as many up-and-coming trending tokens in the new year. To start with, we will open up with eight spot markets as you can see below including a combination of pairs with BTC, ETH, DUSD, USDC, DGTX, and LINK. As soon as we have found our feet and enough DUSDs are created, we will be expanding our offering exponentially.

Check Out the DUSD-denominated Market Specs for Digitex City  6

We’re proud of all the work that has gone into building Digitex City and looking forward to sharing it with you. Keep in mind that we will be launching in beta version and, as Adam mentioned, it’s possible that we will need you to help us uncover bugs. We will also need to create DUSDs in order to inject liquidity into the exchange.

So, be sure to join in and earn your share of the rewards and help us add more markets and users as quickly as possible. Also, remember that if you’re trading on the exchange currently, you have until noon UTC on December 14 to close your positions, otherwise, they will be automatically settled by us.

We hope that Adam’s AMA yesterday served to explain the thinking behind the DGTX Mint Schedule and any doubts that you have about Digitex City. Let us know if you have any questions about the contract specifications or any of the other content that we publish here. Thanks for your continued support and we’ll soon see you inside Digitex City.

December 10, 2020
Digitex Futures

Check Out the DUSD-denominated Market Specs for Digitex City 

Digitex Futures
DUSD

With the launch of the Digitex City beta just a few days away, we’re excited to continue the Digitex journey with our expansion to a bigger, bolder exchange that will provide a home for many different types of participants in the crypto ecosystem. Before we open our doors, we wanted to share the contract specifications for our futures and spot markets on Digitex City. We’ll be opening with 12 markets initially, four futures and eight spot markets. 

Digitex Futures Contracts Specifications

As you can see from the details below, the contract specifications are almost exactly the same as before with one major difference: the settlement currency, PnL, tick values, etc. are now denominated in DUSD rather than DGTX. 

Check Out the DUSD-denominated Market Specs for Digitex City  7

The futures contracts offered on Digitex City are perpetual swap contracts which means that they have no expiry date and are generally easier for retail traders to manage. Just like traditional futures, traders open a position based on whether they believe the value of the asset will rise (a long position) or fall (a short position). Unlike traditional futures, in order to maintain convergence between the contract price and the spot price, traders must pay funding fees. 

In Digitex City, the funding fee is paid every eight hours at 00:00, 08:00, and 16:00 UTC. If the funding rate is positive, the longs pay the shorts. If the funding rate is negative, the shorts pay the longs. Please note that only traders with open positions at one of the timestamps will pay or receive funding. If you have closed out your position beforehand, no fee will be paid.

As Adam explained in the AMA yesterday, we are no longer going to carry the DGTX-denominated markets over into Digitex City as we want a clean start for the exchange and avoid unnecessary confusion. This means that current traders have from now until December 14 to close their positions on the Digitex Futures exchange. 

On December 14 at 12:00 UTC all DGTX-denominated futures markets are going to be settled at the spot price at that time and there will be a period of 24 hours with no trading. Digitex City will open at 12:00 UTC on December 15 with all markets denominated in DUSD. 

As Adam also mentioned, for the first few days, the markets won’t be that liquid as we need to create DUSDs. This means that liquidity mining rewards will be extremely attractive for those who take part first. We therefore invite all our community members to create DUSDs and to take part in market making on all our new markets to earn generous daily rewards. Not only will you be actively making the exchange liquid but you’ll be well-compensated for your efforts.

Digitex Spot Contracts Specifications

Digitex City will launch with the only sustainable commission-free spot markets in the industry and we aim to build this side of the exchange to list as many up-and-coming trending tokens in the new year. To start with, we will open up with eight spot markets as you can see below including a combination of pairs with BTC, ETH, DUSD, USDC, DGTX, and LINK. As soon as we have found our feet and enough DUSDs are created, we will be expanding our offering exponentially.

Check Out the DUSD-denominated Market Specs for Digitex City  8

We’re proud of all the work that has gone into building Digitex City and looking forward to sharing it with you. Keep in mind that we will be launching in beta version and, as Adam mentioned, it’s possible that we will need you to help us uncover bugs. We will also need to create DUSDs in order to inject liquidity into the exchange.

So, be sure to join in and earn your share of the rewards and help us add more markets and users as quickly as possible. Also, remember that if you’re trading on the exchange currently, you have until noon UTC on December 14 to close your positions, otherwise, they will be automatically settled by us.

We hope that Adam’s AMA yesterday served to explain the thinking behind the DGTX Mint Schedule and any doubts that you have about Digitex City. Let us know if you have any questions about the contract specifications or any of the other content that we publish here. Thanks for your continued support and we’ll soon see you inside Digitex City.

Latest News

recap

Recap – AMA with Adam

Digitex Futures
• Digitex Futures
December 9, 2020

Following on from Monday’s announcement about the DGTX Mint Schedule, Adam has been back in front of the camera to address all of the questions and feedback that we’ve had over the last few days in one of his regular AMA sessions on YouTube. In this in-depth session, he explains why we’ve made the decision to announce all our minting plans upfront and why we believe the plan is robust enough to drive DGTX prices by attracting users to the Digitex City ecosystem once we launch. 

Adam opened the AMA by confirming that we will launch Digitex City on December 15 as planned. He also explained how we will phase out the DGTX-denominated futures markets and replace them with DUSD-denominated markets. On December 14 at noon UTC, we will automatically settle all open positions on the Digitex exchange. 

From December 15, we will reopen trading with Digitex City, with four futures markets and eight spot markets live from day one. Adam explained that although this may have a temporary impact on liquidity, it means we have a clean break in starting Digitex City from December 15 with only DUSD-denominated markets. 

The Minting Schedule

Adam moved on to the topics regarding the minting schedule. He explained that the original Digitex white paper stated that our revenue generation model would be to mint tokens, and we have evolved this concept. Minting tokens offers the vast creative potential to attract and retain users, get referrals, and create liquid markets beyond pure revenue generation. 

Adam also explained that minting tokens according to community votes is likely to negatively impact the DGTX price. By stating a plan to mint tokens upfront, in one go, we may take a short-term dip in price, but it offers the markets certainty regarding what will happen over the coming years. This certainty offsets any risk that minting will cause price uncertainty in the future. 

Adam also established that the value of a cryptocurrency is driven out of demand, not out of supply. Increasing supply by itself doesn’t impact price, providing there is a demand. Furthermore, by using an increased supply of tokens to incentivize demand, there is a potential for price to realize significantly higher gains. 

Future Plans 

He confirms that when we do the first mint tomorrow, we will allocate the tokens to wallets dedicated to a specific purpose, whether that’s a reward program or the Treasury. 

Many questions focused on the supply of DGTX or whether we would consider reducing the number of DGTX tokens to be minted. Adam reiterates several times that we are focused on the number of users and using the DGTX tokens to attract new users. It is the users that will drive the price, not the supply of DGTX tokens. 

In response to questions about whether or not Digitex plans to mint more tokens or change the minting schedule in the future, Adam confirmed that it’s possible to pre-mint all of the tokens in advance and lock them into a smart contract that will only release them according to the minting schedule. This should alleviate any concerns about future changes to the minting schedule. 

What to Expect from Digitex City Launch

One participant questioned whether or not the Digitex City markets will be liquid from day one. Adam confirms that we expect to see a temporary drop in liquidity as the DUSD markets gain traction. However, with liquidity mining rewards, we expect liquidity to pick up fast as we start gaining traction. 

Another question came up around the different allocations of DGTX rewards to different programs. Adam outlined that we expect some users will participate in multiple rewards programs, and those who are minting DUSD can use them in other programs. Therefore, it makes sense to weight the rewards accordingly. In a later question, Adam also confirmed that we’ll continue to monitor the situation to make sure we’re optimizing rewards for the best participation levels. 

One participant was concerned about the kind of bugs that we may experience with Digitex City from launch, given that we’ve mentioned we’ll need to test out some features. Adam confirmed that we already have a working exchange, so we anticipate any bugs will be minor interruptions to the UX and not anything that will jeopardize traders’ funds. 

Exchange Listings

Several users questioned our listing strategy and whether we plan to get DGTX listed on more platforms. Adam confirmed that we are currently focused on decentralized exchanges, as they represent a democratic and cost-effective way for us to increase DGTX liquidity without handing over listing fees and paying external market makers. 

Market Making on Digitex City

Adam explained that we want to avoid using professional market makers, as this works to the detriment of our users. The liquidity mining rewards program is designed to ensure we have liquid markets on the exchange, created by our users who will be incentivized by the prospect of minute-by-minute rewards.

He also confirmed that the liquidity mining rewards will be allocated according to the markets’ size, as we expect there will be more market makers trading the popular BTC futures than XRP futures, for instance.

Marketing Activities

Some users have a mistaken perception that we aren’t marketing Digitex City. Adam explained that we have been marketing since before the ICO and have seen several notable successes. Simply placing ads on platforms like CoinMarketCap isn’t necessarily effective and doesn’t constitute a comprehensive marketing strategy. Media buying is also not the best way of getting traffic, particularly given that the biggest platforms like Facebook and Google ban cryptocurrency advertising.

We have plenty in the pipeline, including referral programs, a viral marketing campaign for the Digitex Connect platform, and directing users to our email list. We’ll also be working with content creators and influencers to help gain early traction for Digitex Connect, which will be one of our key drivers of traffic to the exchange, gaming, and other features of Digitex City.

Adam explained that through these kinds of activities, there’s no reason why we can’t attract millions of users to Digitex City. Of course, nothing is guaranteed, but Digitex has survived for three years, and we’re still going strong. Everything we’re doing is designed to drive more users to Digitex City, and if we succeed, the price of DGTX will follow.

Where does Adam see DGTX in five years? Adam confirmed that our goal will always be the same – drive users for the Digitex City ecosystem and value for the DGTX token and its holders.

Adam wrapped up the session by reiterating that Digitex supporters shouldn’t focus on the supply of DGTX but be mindful that users are what creates value. The newly minted tokens will only be used to attract more users.

This was an extremely in-depth AMA, and we’ve only recapped the highlights here. If you want the answers to every question Adam covered during the session, make sure you watch the event on our YouTube channel.

Thanks for joining! We look forward to seeing you in Digitex City. Cheers!

December 9, 2020
Digitex Futures

Recap – AMA with Adam

Digitex Futures
recap

Following on from Monday’s announcement about the DGTX Mint Schedule, Adam has been back in front of the camera to address all of the questions and feedback that we’ve had over the last few days in one of his regular AMA sessions on YouTube. In this in-depth session, he explains why we’ve made the decision to announce all our minting plans upfront and why we believe the plan is robust enough to drive DGTX prices by attracting users to the Digitex City ecosystem once we launch. 

Adam opened the AMA by confirming that we will launch Digitex City on December 15 as planned. He also explained how we will phase out the DGTX-denominated futures markets and replace them with DUSD-denominated markets. On December 14 at noon UTC, we will automatically settle all open positions on the Digitex exchange. 

From December 15, we will reopen trading with Digitex City, with four futures markets and eight spot markets live from day one. Adam explained that although this may have a temporary impact on liquidity, it means we have a clean break in starting Digitex City from December 15 with only DUSD-denominated markets. 

The Minting Schedule

Adam moved on to the topics regarding the minting schedule. He explained that the original Digitex white paper stated that our revenue generation model would be to mint tokens, and we have evolved this concept. Minting tokens offers the vast creative potential to attract and retain users, get referrals, and create liquid markets beyond pure revenue generation. 

Adam also explained that minting tokens according to community votes is likely to negatively impact the DGTX price. By stating a plan to mint tokens upfront, in one go, we may take a short-term dip in price, but it offers the markets certainty regarding what will happen over the coming years. This certainty offsets any risk that minting will cause price uncertainty in the future. 

Adam also established that the value of a cryptocurrency is driven out of demand, not out of supply. Increasing supply by itself doesn’t impact price, providing there is a demand. Furthermore, by using an increased supply of tokens to incentivize demand, there is a potential for price to realize significantly higher gains. 

Future Plans 

He confirms that when we do the first mint tomorrow, we will allocate the tokens to wallets dedicated to a specific purpose, whether that’s a reward program or the Treasury. 

Many questions focused on the supply of DGTX or whether we would consider reducing the number of DGTX tokens to be minted. Adam reiterates several times that we are focused on the number of users and using the DGTX tokens to attract new users. It is the users that will drive the price, not the supply of DGTX tokens. 

In response to questions about whether or not Digitex plans to mint more tokens or change the minting schedule in the future, Adam confirmed that it’s possible to pre-mint all of the tokens in advance and lock them into a smart contract that will only release them according to the minting schedule. This should alleviate any concerns about future changes to the minting schedule. 

What to Expect from Digitex City Launch

One participant questioned whether or not the Digitex City markets will be liquid from day one. Adam confirms that we expect to see a temporary drop in liquidity as the DUSD markets gain traction. However, with liquidity mining rewards, we expect liquidity to pick up fast as we start gaining traction. 

Another question came up around the different allocations of DGTX rewards to different programs. Adam outlined that we expect some users will participate in multiple rewards programs, and those who are minting DUSD can use them in other programs. Therefore, it makes sense to weight the rewards accordingly. In a later question, Adam also confirmed that we’ll continue to monitor the situation to make sure we’re optimizing rewards for the best participation levels. 

One participant was concerned about the kind of bugs that we may experience with Digitex City from launch, given that we’ve mentioned we’ll need to test out some features. Adam confirmed that we already have a working exchange, so we anticipate any bugs will be minor interruptions to the UX and not anything that will jeopardize traders’ funds. 

Exchange Listings

Several users questioned our listing strategy and whether we plan to get DGTX listed on more platforms. Adam confirmed that we are currently focused on decentralized exchanges, as they represent a democratic and cost-effective way for us to increase DGTX liquidity without handing over listing fees and paying external market makers. 

Market Making on Digitex City

Adam explained that we want to avoid using professional market makers, as this works to the detriment of our users. The liquidity mining rewards program is designed to ensure we have liquid markets on the exchange, created by our users who will be incentivized by the prospect of minute-by-minute rewards.

He also confirmed that the liquidity mining rewards will be allocated according to the markets’ size, as we expect there will be more market makers trading the popular BTC futures than XRP futures, for instance.

Marketing Activities

Some users have a mistaken perception that we aren’t marketing Digitex City. Adam explained that we have been marketing since before the ICO and have seen several notable successes. Simply placing ads on platforms like CoinMarketCap isn’t necessarily effective and doesn’t constitute a comprehensive marketing strategy. Media buying is also not the best way of getting traffic, particularly given that the biggest platforms like Facebook and Google ban cryptocurrency advertising.

We have plenty in the pipeline, including referral programs, a viral marketing campaign for the Digitex Connect platform, and directing users to our email list. We’ll also be working with content creators and influencers to help gain early traction for Digitex Connect, which will be one of our key drivers of traffic to the exchange, gaming, and other features of Digitex City.

Adam explained that through these kinds of activities, there’s no reason why we can’t attract millions of users to Digitex City. Of course, nothing is guaranteed, but Digitex has survived for three years, and we’re still going strong. Everything we’re doing is designed to drive more users to Digitex City, and if we succeed, the price of DGTX will follow.

Where does Adam see DGTX in five years? Adam confirmed that our goal will always be the same – drive users for the Digitex City ecosystem and value for the DGTX token and its holders.

Adam wrapped up the session by reiterating that Digitex supporters shouldn’t focus on the supply of DGTX but be mindful that users are what creates value. The newly minted tokens will only be used to attract more users.

This was an extremely in-depth AMA, and we’ve only recapped the highlights here. If you want the answers to every question Adam covered during the session, make sure you watch the event on our YouTube channel.

Thanks for joining! We look forward to seeing you in Digitex City. Cheers!

Latest News