| | Can you believe we're only a mere seven days away from opening the doors of the DFE to the public? After all the blood, sweat, and tears that have gone into building a cutting-edge, zero-fee scalpers paradise, we couldn't be more ready. |
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Even before we've launched to the public, we're seeing trading volumes far surpass those on the CME, hitting a new high of $600 million by Thursday. There's now enough liquidity on the ladder that you could by up to 200 BTC (worth $1.8 million) instantly, with no slippage. If volume keeps increasing the way it has been, we look set to race past BitMEX, right out of the gate. And although we always had BitMEX firmly in our sights from the start, the speed at which we're catching up to them is nothing short of impressive. So as you'd expect with everything going on to prepare for the launch, we have a ton of news and press to share from this past week. Here's the lowdown. |
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Onboarding users in their droves over the last few weeks, together with the KuCoin listing a few weeks back, has been like a rocket going off for the price of DGTX. The token had been trading around the $0.045 mark for much of July. Giving over 30,000 people access to the mainnet, along with the boost of liquidity from KuCoin meant that the price of DGTX shot up to a new yearly high of over $0.115, delivering 167% returns for July alone.
In our first post of the week, trading expert Ali Martinez analyzed some of the on-chain fundamentals for DGTX to demonstrate the current powerful position our token is in. With a strong supply barrier, a low vulnerability to whales, and the public launch around the corner, the outlook for DGTX has never been better. Check out Ali's analysis. |
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Traders have been asking for a Stop Loss order since the moment we onboarded the first group to the mainnet. We're delighted that it's now live, and traders can now set conditional orders to help ensure they can offset risk and take profits even when they're away from their desk.
As usual, pro trader Cryptrader is on hand to walk through how to use the conditional orders, with a comprehensive video explaining how to use each order in both long and short trades.
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The Launch Day Trading Event is generating a ton of buzz both within the Digitex community and beyond. This week, we published two epic posts revealing lots of information about what to expect from July 31.
First up, Adam took to the camera to provide some teasers about what he'll be up to, including chatting to pro traders, influencers, smashing bids, and showering DFE mainnet users with free DGTX and merchandise. In his words, "it's going to be very difficult not to make money" on the DFE during our launch day! |
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We then announced the first raft of influencers that Adam will be with during the six-hour live-streamed event. With Ivan on Tech, Crypto Zombie, BitBoy Crypto, Altcoin Daily, and more joining us, this event is set to be massive. Read the full list of influencers we've confirmed so far, over on the blog.
Of course, the chance to win big on the day has got the community asking a lot of questions about what they need to do to make sure they can participate. So the next blog post this week is a comprehensive Q&A, covering all the eligibility criteria for participation.
In summary, if you're live on the mainnet with 1000 DGTX in your account during the event, then you're all set. But head on over to the blog to read all the answers you'll need. |
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Fintech-Aviv is the Israeli FinTech Association, and we're proud to say that Adam was invited to be a keynote speaker at their Capital Markets Event earlier this week. Due to social distancing requirements, the event took place via videoconference. However, that also means it was live-streamed on YouTube, so all our community also has the opportunity to watch it.
Adam was introduced as "one of the most outstanding figures in the industry" by Managing Director Sheldon Freedman of Hassans, a top international law firm sponsoring the event. Israel has an incredibly vibrant blockchain and fintech scene, with Tel Aviv at its epicenter, so it's fantastic recognition for Digitex that Adam was invited. |
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Our last post of the week comes courtesy of mainnet trader and all-round Numbers Guy, Sulla. He's been looking at the size of the world's financial markets to determine the long-term value that can be captured by the DGTX token as we move into offering contracts backed by gold, oil, and more.
Given that the size of these markets are exponentially more huge than the entire market cap of crypto, there's vast opportunity here. What's more, with DGTX as our native token, expanding into these markets will feed into the expansion of the crypto markets too. Could Digitex be the next "decacorn" company? Read Sulla's analysis and see what you think. |
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Over the weekend, Digitex was featured in THE premier media outlet in cryptocurrency, Cointelegraph, as one of their top altcoins to watch. The technical analysis indicated that Digitex would remain bullish as long as the Fibonacci support level of $0.076 remains intact. As things stand, Digitex is well above that, closer to breaking the resistance of $0.119, after which the next target would be $0.146. Only a week away from launch, the bullish move is looking more likely.
Yahoo News and Yahoo Finance both picked up the press release announcing the public launch this week too. It lists all the awesome features that DFE traders can find waiting for them on the platform, including highly liquid markets, zero-fees, and crypto's first trading ladder. And of course, it announces our massive, $250,000 launch day trading event.
Finally, Coinspeaker published a piece headlining the launch day event, with a focus on the giveaway for traders. Outlining how everyone is in with a chance of winning, the article shares all the details of how to participate. |
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As you can see, the closer we get to launch, the nearer the eye of the storm becomes! There's so much happening for the DFE and DGTX right now, it can be dizzying to keep up. But only more seven days to go until public launch. Thanks for sticking with us on this wild ride! And make sure you've set a reminder for next week's live trading event! |
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