27 tháng 11, 2020

The Switch to DUSD + Crazy DGTX Rewards

WHAT A WEEK. Usually, we're so focused on all the work involved in launching Digitex City that it's hard to keep track of what's going on in the crypto markets. But this week, it was impossible to miss. From the WSJ to Bloomberg and the Financial Times, Bitcoin's rollercoaster price action has made global front-page news headlines. 

 

It's hardly worth speculating what the price will be by the time you're reading this. Suffice to say; it's been one of the most nail-biting times since December 2017. Our take on what's driving the rally is over on Tuesday's blog. Hopefully, you've been managing to catch some of the price action by scalping zero-fee BTC, ETH, and XRP futures on the Digitex Exchange. 

 

Which brings us back to all things Digitex. It's only a little over two weeks until we launch Digitex City, crypto's playground where users can come to trade, play, and connect all on the same platform. This week, we've turned our attention to some more of what you can expect from our new rewards programs and our brand-new stable token - DUSD.

150% APY – One of the Best Returns in the Industry

Starting from the point that we launch Digitex City, we'll also begin to reward users in various ways for participating in our ecosystem. We've already kicked this off with our Pool Rewards for providing liquidity on Uniswap. Users are earning around 80% APY for participating, and there's an impressive $1.5 million locked up in the DGTX-ETH pool. 

 

To further incentivize users, we'll be launching three more programs. Traders can earn Liquidity Mining Rewards by doing market making on our futures, spot, and forex markets. Anyone who creates the DUSD stablecoin can also earn interest payments for doing so. And our brand-new initiative, Digitex Bonds, will pay out a fixed daily number of DGTX tokens. Each of these new programs will net up to a whopping 150% APY on your holdings. Intrigued? Check out our blog post with all the details.

DUSD – How Will the Switchover Work?

Digitex City will be powered by DUSD, our native stable token that's backed by DGTX tokens. Once we launch Digitex City, DUSD will become the currency that people need to use to participate in zero-fee trading, play games, or advertise on the social network. 

 

Of course, this is a significant change. It will also be the first time that we can welcome fiat users to the Digitex platform, as we'll be introducing credit card purchases of DUSD. For all the details of how the transition will work and what to expect from the launch of DUSD, check out our Friday blog post.

Why the Digitex Exchange Makes Profitable Trading Easy

With all the talk of Digitex City, it's easy to forget that we are still blazing a trail in the crypto exchange business. The Digitex Exchange is still the one and only crypto futures trading venue where you can trade with no commissions on a rapid fire one click trading ladder. This makes Digitex one of the most profitable exchanges for crypto – and now forex – traders anywhere in the world. 


But we aren't a one-trick pony. On the blog this week, we've outlined all the reasons why Digitex makes it easy for you to profit from your trading activities.

Digitex in the Press

We've had a couple of press mentions this week, as interest in our DGTX Pool Rewards program spiked thanks to one of the highest APYs in the industry. 


CoinGape covered the story, pointing out that we'd already attracted $1.58 million worth of liquidity into the DGTX-ETH pool on Uniswap. The piece also provided some broader coverage of our upcoming launch, including our new DUSD stablecoin. 


NullTX also picked up on our Uniswap success, highlighting that the DGTX Pool Rewards program is a safer bet for investors than many of the DeFi projects currently playing fast and loose with user funds. 


Finally, we're delighted to confirm that our latest round of market-making madness has been another huge success. All week this week, we had programmed the market-making bots to lose 200,000 DGTX per day, as a way of celebrating our entry into the forex markets and helping to stimulate liquidity for our brand-new pairs - EURUSD And USDJPY. We're now looking forward to building and expanding our forex offering to a broader group of global traders looking for zero-fee trading with no house spreads working against them.

So that rounds up another week of action in Digitex City! If you haven't already done so, then make sure your DGTX bags are full and ready for December 15, when we'll be launching the only place in crypto where you can trade, play, connect, and earn generous rewards up to 150% APY. Thanks as always for your support. 

 

Until next time!

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20 tháng 11, 2020

💰 Earn Over 100% APY on the DGTX Rewards Program

With less than four weeks to go before the launch of Digitex City, things are really beginning to ramp up. We've unleashed another raft of announcements this week, starting with the news that the DGTX Rewards Program is now live. For the very first time, you can generate passive income just from being a loyal HODLer of DGTX. 

 

All you need to do is deposit your DGTX and ETH tokens into Uniswap's DGTX-ETH liquidity pool using your Metamask wallet, which will generate pool tokens. Then, head on over to our dedicated DGTX Rewards page, where you can stake the pool tokens and start watching your DGTX rewards stack up each day. 

 

You can read the full instructions and watch Adam's step-by-step video over on the blog. For the first month, we've allocated 5 million DGTX (worth around $175,000) to the reward fund. As things stand, the current APY is over 100% – impressive even by DeFi's extremely high yield standards. 

 

There's already over $1.5 million worth deposited into the Rewards wallet, so make sure you spread the word far and wide to keep liquidity pumping and ensure as many people as possible can benefit from DGTX rewards. 

 

We couldn't be happier that the Rewards Program is now live because it achieves several important goals. Firstly, it offers a way to reward our non-trading supporters who hold DGTX and believe in the Digitex vision. 

 

Secondly, it helps lock up DGTX in Uniswap liquidity, ensuring a constant flow of tokens for anyone who wants to trade on the world's biggest decentralized exchange. Locking up tokens also constricts supply, while the promise of rewards helps drive demand, creating positive market forces for the value of DGTX. 

 

Finally, launching the Rewards Program is also a critical milestone on the roadmap to launching Digitex City in December.

DigitexCity.com is live — Check out the new website

Speaking of launching Digitex City, another big announcement this week is that the digitexcity.com website is now live. Among last week's announcements was the news that Digitex will start to rebrand over the coming weeks. The new website showcases our contemporary new look and feel that characterizes the Digitex City brand. 

 

We're already using the website to help build a new waitlist of eager users looking forward to the December launch. You can also win an exclusive, limited-edition Digitex City branded t-shirt by referring new signups to the waitlist, so make sure you're spreading the word about the new platform where you can Trade, Play, and Connect!


At the same time as announcing the new website, we also confirmed that the development team has shipped a bunch of updates to the mainnet this week. Regular traders will notice that the Digitex exchange runs faster, smoother, and generally looks sleeker than ever before. Behind the scenes, the dev team has also laid the groundwork necessary to launch the full version of the Digitex exchange in December, including our brand-new spot and forex markets. Read the full details of what's been happening in the announcement on the blog.

Forex Markets Launch on Mainnet – And MADNESS Week is Back!

Our final big announcement of the week is that our first forex markets are now live for trading on the mainnet. You can now trade EURUSD and USDJPY markets with zero fees. Over the coming weeks and months, we expect to see a whole new user base of forex traders flocking into Digitex looking to benefit from tight spreads and no commissions. 

 

What's more, we're also giving a boost to the EURUSD market and our flagship JPYUSD markets with a fresh injection of market maker Madness in honor of Black Friday. Starting on Monday and lasting the whole week, you can trade to win your share of market maker losses totaling 200,000 DGTX every day (100K on each market) for a massive total of 1 million DGTX!

 

Find out more about the latest round of Madness here.

So as you can see, we're making excellent progress on the road to launching Digitex City. With an attractive new rewards program, a brand-new website, and new markets to trade – it's all happening. And there's plenty more to come over the weeks leading up to the launch. Thanks for sticking with us, and keep watching this space.

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