The Road Ahead for Digitex 1

The Road Ahead for Digitex

Digitex City
Digitex Futures
• Adam Todd
January 21, 2021

I understand that there’s a lot of disappointment surrounding Digitex right now and no one feels that more deeply than myself. But I wanted to write this today to assure you that this is absolutely not the end. We’re sticking around and we’re working flat out right now to fix the issues that have led to where we are. And we’re in a much stronger position than most people think.

I still strongly believe in the huge potential of the DGTX token, provided that the software that supports its utility is good. We’ve come too far in the last three years to just stop now. And we are so close, we are almost there. We’ve reorganized ourselves internally, we’ve prioritized the most important features, and soon we will be launching the upgraded version of the Digitex Exchange. 

Our current exchange has now been online for nearly a year of live trading. It’s been battle-tested through substantial volatility and user activity. And many of the features we were building into Digitex City are pretty much complete on an infrastructural level. They are now being tested and are definitely worth sticking around for. 

The upcoming upgrades will focus on optimizing conversions by making it easier for new traders to get started and buy DGTX, either with a credit card or with other cryptos on our own spot markets. The UI will have a fresh new look, and a new website and marketing campaign will kick off the relaunch of the exchange. 

I still believe in the potential of a zero-fee futures exchange with its own token if we package it up and market it right. I’m not quitting now. After three years of struggle and learning the hard way, we have built a dedicated team and a product that is a lot closer to success than many people realize. 

I strongly believe that minting DGTX tokens for the purposes of revenue generation and market-making is a sustainable model that will attract enough traders to create demand for DGTX. The demand generated will outpace the increase in supply that such a model creates. It’s this model that will make Digitex a truly unique exchange that can attract large numbers of users in a crowded and saturated marketplace of cryptocurrency exchanges. 

I’m not going to publish a launch date for the new Digitex Exchange. We will launch it when it’s tested and ready for the public. I’m looking forward to releasing a quality product that will finally create the level of demand for DGTX that we all believe is possible. We’re closer than you think to creating something unique and the DGTX token will be at the heart of it.

January 21, 2021
Digitex City
Digitex Futures

The Road Ahead for Digitex

Adam Todd
The Road Ahead for Digitex 2

I understand that there’s a lot of disappointment surrounding Digitex right now and no one feels that more deeply than myself. But I wanted to write this today to assure you that this is absolutely not the end. We’re sticking around and we’re working flat out right now to fix the issues that have led to where we are. And we’re in a much stronger position than most people think.

I still strongly believe in the huge potential of the DGTX token, provided that the software that supports its utility is good. We’ve come too far in the last three years to just stop now. And we are so close, we are almost there. We’ve reorganized ourselves internally, we’ve prioritized the most important features, and soon we will be launching the upgraded version of the Digitex Exchange. 

Our current exchange has now been online for nearly a year of live trading. It’s been battle-tested through substantial volatility and user activity. And many of the features we were building into Digitex City are pretty much complete on an infrastructural level. They are now being tested and are definitely worth sticking around for. 

The upcoming upgrades will focus on optimizing conversions by making it easier for new traders to get started and buy DGTX, either with a credit card or with other cryptos on our own spot markets. The UI will have a fresh new look, and a new website and marketing campaign will kick off the relaunch of the exchange. 

I still believe in the potential of a zero-fee futures exchange with its own token if we package it up and market it right. I’m not quitting now. After three years of struggle and learning the hard way, we have built a dedicated team and a product that is a lot closer to success than many people realize. 

I strongly believe that minting DGTX tokens for the purposes of revenue generation and market-making is a sustainable model that will attract enough traders to create demand for DGTX. The demand generated will outpace the increase in supply that such a model creates. It’s this model that will make Digitex a truly unique exchange that can attract large numbers of users in a crowded and saturated marketplace of cryptocurrency exchanges. 

I’m not going to publish a launch date for the new Digitex Exchange. We will launch it when it’s tested and ready for the public. I’m looking forward to releasing a quality product that will finally create the level of demand for DGTX that we all believe is possible. We’re closer than you think to creating something unique and the DGTX token will be at the heart of it.

Latest News

Digitex Development - The Next Steps 3

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 4

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 5

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 6

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

Digitex City

Digitex City – What Happened and Where We’re Going from Here

Digitex City
• admin
December 23, 2020

There have understandably been a lot of questions and complaints about our recent launch. In this video, Adam takes ownership of the problem, and even recognizes that it was a “disaster.” Without making excuses, he explains what went wrong and why and, more importantly, how we plan to fix it and move on from here. 

Digitex City – What Went Wrong

So, what went wrong with the launch of Digitex City? Adam starts out by reiterating that there are no problems with SmartDec or their development ability. However, the launch of Digitex City was hampered by a poor workflow thrust upon us because of the pandemic. He explains that COVID forced the developers to work remotely and that he was unable to physically be by their side. This was made worse by an eight-hour time difference separating them.

We were able to launch our powerhouse bitcoin futures exchange Digitex Futures because Adam was in Moscow building his vision alongside the developers. With Digitex City, Adam admits that he asked SmartDec to launch it in half the time they wanted – and with multiple additional features added all the time. 

They accepted the challenge, but the remote situation caused by the pandemic made it very difficult. Adam couldn’t go to Moscow, the developers couldn’t get together in the same room, and, well, this is the result. Adam admits that he did not know the product was in such bad shape beforehand as SmartDec was confident that it would be ready in time. Unfortunately, they simply couldn’t deliver under the circumstances.

Adam accepts that we had a bad workflow and built a sub-par product that we placed on the testnet. However, he’s not even happy having it on the testnet as there are too many flaws and the quality is not there. So, that’s what went wrong. What are we going to do from here?

Take it Down from the Testnet

Adam says that the product simply isn’t good and we will be taking it off the testnet. He also realizes that we went about things the wrong way when trying to build Digitex City. We should never have tried to build a new exchange from scratch when we already had a bullet-proof and robust BTC futures platform that we could have built on.

Therefore, we will be making incremental improvements to our existing exchange moving forward. As Adam points out, it’s a great product, our $5 BTC market is very popular with high liquidity, and, with so much volatility and interest in bitcoin right now, it’s a great time to promote a BTC futures exchange–especially one with no commissions.

He says that we are going to be laser-focused moving forward and actually remove all the other markets for the time being to focus all the liquidity on our $5 BTC market. 

The Rebrand to Digitex City

Adam confirms that the rebrand will still go ahead and that we will still be realizing the Trade, Play, Connect concept. However, we will be doing it at a realistic pace. He also points out that we already have the Trade area to build on and we have also launched the Connect social platform. He admits that this is not perfect yet, but that we are improving it and will start heavily promoting it once it is completely ready.

We will also continue to develop the Play area with developers that are specialized in building casinos, games, and the eSports betting platform so that SmartDec can focus on the Trade area. We can also roll out products faster this way without development flaws using customizable white label solutions that we can be confident in without “reinventing the wheel.”

As far as the native currency of the exchange, for the time being, that will remain as DGTX. The DUSD solution has not been “canned.” However, it is not ready yet. So, in the meantime, the DGTX token remains king and will be the utility token for the exchange as well as the other areas of Digitex City as we roll them out.

Adam apologizes again for what happened, he also recognizes his silence over the last few days. He says that he was deeply focusing on how to fix the problem and where to go next. But, remaining positive, we still have a fantastic team, with SmartDec, the Kiev creatives, and world class support. Unfortunately, we simply got this one wrong and will learn from it and move forward.

Don’t Believe the FUDers

Adam spends some time talking about the group of FUDers on Telegram that continuously try to call Adam out as a scammer. Don’t believe them. Adam isn’t going anywhere. If you have learned anything by now, it’s that he doesn’t quit. He says, “If you think I’m quitting now, you really haven’t been paying attention.”

We have made mistakes but there is a plan and we have a solid team behind it. From here on in, we will stop talking about the products that are going to come and focus all our energy on the product that we have–a one-click rapid-fire trading ladder with zero fees that’s really fun to use. Thank you for sticking with us, we truly appreciate your continued support.

December 23, 2020
Digitex City

Digitex City – What Happened and Where We’re Going from Here

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Digitex City

There have understandably been a lot of questions and complaints about our recent launch. In this video, Adam takes ownership of the problem, and even recognizes that it was a “disaster.” Without making excuses, he explains what went wrong and why and, more importantly, how we plan to fix it and move on from here. 

Digitex City – What Went Wrong

So, what went wrong with the launch of Digitex City? Adam starts out by reiterating that there are no problems with SmartDec or their development ability. However, the launch of Digitex City was hampered by a poor workflow thrust upon us because of the pandemic. He explains that COVID forced the developers to work remotely and that he was unable to physically be by their side. This was made worse by an eight-hour time difference separating them.

We were able to launch our powerhouse bitcoin futures exchange Digitex Futures because Adam was in Moscow building his vision alongside the developers. With Digitex City, Adam admits that he asked SmartDec to launch it in half the time they wanted – and with multiple additional features added all the time. 

They accepted the challenge, but the remote situation caused by the pandemic made it very difficult. Adam couldn’t go to Moscow, the developers couldn’t get together in the same room, and, well, this is the result. Adam admits that he did not know the product was in such bad shape beforehand as SmartDec was confident that it would be ready in time. Unfortunately, they simply couldn’t deliver under the circumstances.

Adam accepts that we had a bad workflow and built a sub-par product that we placed on the testnet. However, he’s not even happy having it on the testnet as there are too many flaws and the quality is not there. So, that’s what went wrong. What are we going to do from here?

Take it Down from the Testnet

Adam says that the product simply isn’t good and we will be taking it off the testnet. He also realizes that we went about things the wrong way when trying to build Digitex City. We should never have tried to build a new exchange from scratch when we already had a bullet-proof and robust BTC futures platform that we could have built on.

Therefore, we will be making incremental improvements to our existing exchange moving forward. As Adam points out, it’s a great product, our $5 BTC market is very popular with high liquidity, and, with so much volatility and interest in bitcoin right now, it’s a great time to promote a BTC futures exchange–especially one with no commissions.

He says that we are going to be laser-focused moving forward and actually remove all the other markets for the time being to focus all the liquidity on our $5 BTC market. 

The Rebrand to Digitex City

Adam confirms that the rebrand will still go ahead and that we will still be realizing the Trade, Play, Connect concept. However, we will be doing it at a realistic pace. He also points out that we already have the Trade area to build on and we have also launched the Connect social platform. He admits that this is not perfect yet, but that we are improving it and will start heavily promoting it once it is completely ready.

We will also continue to develop the Play area with developers that are specialized in building casinos, games, and the eSports betting platform so that SmartDec can focus on the Trade area. We can also roll out products faster this way without development flaws using customizable white label solutions that we can be confident in without “reinventing the wheel.”

As far as the native currency of the exchange, for the time being, that will remain as DGTX. The DUSD solution has not been “canned.” However, it is not ready yet. So, in the meantime, the DGTX token remains king and will be the utility token for the exchange as well as the other areas of Digitex City as we roll them out.

Adam apologizes again for what happened, he also recognizes his silence over the last few days. He says that he was deeply focusing on how to fix the problem and where to go next. But, remaining positive, we still have a fantastic team, with SmartDec, the Kiev creatives, and world class support. Unfortunately, we simply got this one wrong and will learn from it and move forward.

Don’t Believe the FUDers

Adam spends some time talking about the group of FUDers on Telegram that continuously try to call Adam out as a scammer. Don’t believe them. Adam isn’t going anywhere. If you have learned anything by now, it’s that he doesn’t quit. He says, “If you think I’m quitting now, you really haven’t been paying attention.”

We have made mistakes but there is a plan and we have a solid team behind it. From here on in, we will stop talking about the products that are going to come and focus all our energy on the product that we have–a one-click rapid-fire trading ladder with zero fees that’s really fun to use. Thank you for sticking with us, we truly appreciate your continued support.

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