Are you ready to take a tour of the brand-new version of the exchange in Digitex City? Then read through this article to see what we’ve been busy working on. We provide a quick recap here of the first features you can expect from version 2.0 on December 15. Plus, you can check out some of the slick UIs of the cryptocurrency and forex markets, DUSD creation, liquidity mining, our user-configurable bots, and plenty more besides.
Digitex City Is All About Making Money
As we’ve mentioned before, Digitex City is the expansion of Digitex Futures, not its replacement. We aim to appeal to a broader user base with additional features and services that will attract all kinds of cryptocurrency participants.
In this tour, we’ll be taking a closer look at the ‘Trade’ section of Digitex City, in which you will find various ways of making money, fueled by our flagship exchange. As you will see below, there’s a whole lot more to do than trading!
Take a look at the dashboard below. You’ll see just how intuitive it is. At a glance, you can get an idea of all the unique new features the exchange will host. Over the last few weeks, we’ve shared sneak peeks of the new features, but today you can fully visualize how it will all work together.
Unique Features of the Digitex City Exchange
From within the same interface with one unique login, traders can take advantage of trading on up to three trading ladders from within one intuitive UI (pictured below). Traders can adjust their screen to trade on either one, two, or three markets and, even more interestingly, they can trade all types of markets at the same time. So, they can maximize efficiency and trade, say, BTCUSD and EURUSD on one screen simultaneously.
We’ve designed it this way to make sure that our traders can execute lightning-fast orders without ever missing a beat! Our traders who already love scalping on the DFE are really going to be able to up their games and go crazy over the three-ladder UI. This gives them three times more trading capacity with everything manageable from inside the same screen.
Innovative design is key to your success. Time is money and by trading on our platform and saving valuable seconds on every single trade, seasoned traders will notice a huge impact on their PnL.
Multiple Markets: Futures, Spot, Forex
Below, you can see screenshots of the forex and cryptocurrency markets tabs. Futures will look similar to these. As you can see, it’s easy to see market activity and health over the last 24 hours, as well as select which markets you want to trade. The forex markets are already being released slowly to test and promote and, starting next month, you should start getting the hang of trading these on the mainnet.
Cryptocurrency spot won’t be available until the launch on December 15–and there’s a lot of excitement around which cryptocurrencies will be listed here. We plan to have many DeFi tokens which we’re already closely in talks with to list, that will be paired with the DUSD. This is great news when it comes to creating more demand for DUSD.
We anticipate opening with around 25 cryptos and take it from there. Our platform is truly unique and we’re confident that this will make listing on our exchange extremely attractive to up-and-coming projects that want to advertise to an engaged and targeted audience of crypto traders and holders. With our new Business Development Manager already negotiating with some of DeFi’s most popular projects, he’s laser-focused on bringing the DeFi crowd into Digitex City.
Now, let’s talk about the DUSD, the stablecoin that will power Digitex City. All trading profits and losses on futures and forex markets are denominated in DUSD and, on the spot market, many cryptocurrencies will be paired against DUSD. To create DUSD, users need to lock up 5x the value of DGTX and will be incentivized to create DUSD by earning stability fees to maintain the price pegged at $1.
The following image shows you this process. Although it may seem complex, most users will never have to worry about the creation of DUSD. They will simply purchase it to enjoy commission-free trading on the exchange without worrying about volatility. But for other participants in the ecosystem, creating DUSD will be another way to make money in Digitex City.
Tomorrow, we’ll be going into detail on all the ways the DUSD token will be used, and how you can use it to make money and create higher demand for DGTX in the process, so stay tuned!
User Configurable Bots
Earlier this month, we gave you a first look at the UI of our user-configurable trading bots. Let’s recap. Digitex bots are a collection of different types of trading bots that give traders many different strategy options. For example, they can choose to program trend following bots, counter-trend bots, bots that take positions, and also very active market-making and scalping style bots.
The user can set the parameters themselves to adjust how aggressively the bots behave and how many contracts they buy and sell, as well as their maximum position size, and their level of aggression. All this is easily configurable by the users from the trading UI on the ladder, as you can see below.
As we mentioned before, by offering our users free bots, we’re encouraging them to act as the market makers on the exchange. This will create a much fairer playing field for all users as they will be naturally trading in a peer-to-peer, highly liquid environment.
We introduced this concept to our community last week, so for more details of Liquidity Mining on Digitex City, visit this article here. Inside your account, in the Liquidity Mining tab, you can easily see how many rewards you have earned on each market for acting as a market maker on the exchange, and can easily change up what you want to see simply using the dropdown menu on the left. Users can choose to trade via bots or manually and earn DGTX for market making.
In-House Market Making Performance
The Market Making tab (which you can see below) shows the real-time performance and positions of our in-house market makers. This is to ensure full transparency at all times, unlike other exchanges that give preferential treatment to professional market makers, such as last-look, fast order placement, and the ability to cancel orders that have already been hit. Digitex City provides its users a true level playing field and far greater chances of making a profit than any other exchange because there is no house edge working against you.
Uniswap DGTX Rewards Page
This exciting program allows our users to take advantage of Uniswap’s flexible protocol to make major gains by staking equal amounts of ETH and DGTX to create a new pool token. For full details of this, be sure not to miss this detailed post that explains it all. As you can see from the UI below, it couldn’t be simpler to manage and you can see your accumulated rewards, balance, and ROI at a simple glance. This initiative is coming mid-November, so stay tuned for our next update!
As well as the multiple initiatives to earn DGTX rewards mentioned above, there will also be a DGTX Staking Program available to holders inside Digitex City. Staking rewards will be paid out to participants who lock up their DGTX and will be derived from the revenue generated by the Digitex Playhouse and advertising on the social network. As soon as these venues become profitable, we will pay 20% of revenues to DGTX stakers to share in proportionally. The rewards in this program could be potentially enormous once Digitex City takes off in earnest.
Wrapping It Up
We hope you enjoyed your tour of the new exchange in Digitex City! If you want to stock up on DGTX to take part in any of these exciting initiatives, be sure to visit the Treasury here. And let us know if you have any questions, we’re always on hand to help either via our 24/7 Live Chat or our active Telegram group.