We’re pleased to confirm that we will be listing DGTX on a few more decentralized exchanges, starting with Balancer and Airswap. Not only will these listings further increase the liquidity of DGTX, but we’re also introducing more ways for our loyal HODLers to earn rewards on their DGTX. And we aren’t stopping there! Soon, we’ll be announcing even more DEX listings.
Balancer and Airswap are two of the most well-established DEXs on the market today. Both are fully decentralized, non-custodial, peer-to-peer marketplaces for a vast number of token swaps.
While both are similar to Uniswap, where DGTX became listed last month, Balancer and Airswap have subtle differences under the hood. Suffice to say; if you’re only looking to trade DGTX, then it’s as easy as connecting your wallet and selecting your token swaps. Both listings will be live starting from Monday, November 9.
With the growth of the DeFi movement, decentralized exchanges (DEXs) have become vastly more popular. Therefore, increasing the number of DEX listings for DGTX is a great way of boosting liquidity for our token while gaining exposure to new audiences of crypto traders and yield seekers. Therefore, you can expect more DEX listing news to come soon.
DGTX Rewards Extended to All DEX Pools
As we announced previously, anyone who contributes on-chain liquidity to the DGTX/ETH Uniswap pools can participate in the DGTX Rewards Program by staking their Uniswap “Digiteth” pool tokens in our dedicated wallet via the Digitex City website. Today, we can confirm that we will be extending the DGTX Rewards Program to cover more pool tokens.
So, for example, if you contribute liquidity to the DGTX/ETH market on Balancer, you can stake your BPT tokens, which represents your share in the Digitex Balancer pool, via the same interface. The rewards program will work exactly the same way, with investors receiving rewards proportionate to their contribution.
We’re setting aside a massive 5 million DGTX to kick off the first month of our Rewards Program. These will be paid in daily rewards, offering one of the highest ROIs in the industry. Starting mid-month, you can earn rewards on pool tokens from both Uniswap and Balancer. As we list more DEX’s which offer pool tokens, they’ll also be supported within the DGTX Rewards Program.
It’s worth pointing out that many DeFi protocols also provide their own token rewards to those who use the protocols and contribute liquidity. For example, this year, both Uniswap and Balancer started offering their own tokens as rewards for liquidity mining. So there’s an opportunity to earn even more rewards simply by joining in.
A Headstart for Friday’s AMA
We’re seeing many questions about the DGTX Rewards Program popping up on the Digitex social channels. So in anticipation of Friday’s AMA being a busy one, here’s a head start on some of your most burning topics.
When does the DGTX Rewards Program go live?
It will launch when we release the Digitex City website. Although the full release of Digitex City itself will be on December 15, we’ll be launching the website in mid-November, along with the ability to connect your Metamask wallet to the DGTX Rewards feature.
Will you be offering an explainer video or tutorial to help non-DeFi natives understand how to participate in the DGTX Rewards Program?
Yes, once the interface is live, we’ll ask one of our contributors to put together an explainer video with an accompanying blog post.
Will the DGTX Rewards Program run for only one month?
We have set aside 5 million DGTX to try out the program for one month. We hope it will incentivize enough users to lock up enough DGTX to make it worthwhile keeping it open indefinitely. The overall idea is to encourage sufficient participation that it has a positive impact on the price of DGTX.
What kind of daily rewards can I expect if I participate?
Your daily rewards will depend on how many other people participate. For example, there will be 166,666 DGTX (5m / 30 = 166,666) distributed as rewards every day. These rewards will be distributed proportionately amongst all pool tokens that have been deposited into our rewards program. This means your reward will depend on how many other people are participating. As more people discover our Rewards program your ROI will go down so those who get in earliest will make the most.
Remember, you have to be in it to win it! If you want to participate, you have to hold DGTX and ETH to contribute liquidity to our pools in the Uniswap or Balancer protocol. This is the only way you can generate a Uniswap Digiteth or Balancer BPT pool token to stake in the DGTX Rewards wallet.
The DGTX Rewards Program represents a fantastic passive earning opportunity for those who just want to speculate on the future value of DGTX, as it means you can earn rewards just for HODLing. The overall idea is that we can constrict supply. At the same time, launching Digitex City will send demand through the roof, serving to push the price of DGTX due to the combination of these market forces.
The DGTX Rewards Program is just one of the many ways that users can make money by participating in the Digitex City ecosystem. What’s more, apart from trading, it’s the only way to profit from Digitex City even before our launch on December 15. So, make sure your DGTX bags are full in good time. With rewards paid out daily, the longer you participate, the greater the earning potential.