14 tháng 2, 2020

💫 Digitex Treasury Sells Out

This time last year, the crypto markets were deep in the doldrums. Bitcoin was languishing at its lowest since the 2017 ATH, around $3.5k. If you didn't buy in at that time, you're probably kicking yourself this week, because we are well and truly back into bull territory at the moment.

BTC has shown some impressive gains, but ETH is currently on a tear, drawing attention from all corners of the crypto sphere. On Thursday this week, it was trading at $270, which is over 100% up from where it started the year at $130.

But is this a flash in the pan, or is the recent price action a signal for a longer-term bullish breakout? Our resident market expert Dave Reiter shared his analysis on the blog.

A higher ETH price means that ETH holders wanting to buy DGTX tokens will currently get more bang for their buck. But that's not the only reason we saw the run on the Digitex Treasury.

Last week, after a community vote on the subject, we announced that we'd be implementing some changes to the rules around Treasury token sales. We scrapped the affiliate program and the 5¢ minimum sale price and added a 10% bonus available to DGTX buyers upon the mainnet launch.

The changes have already yielded some positive results, as the Treasury sold out within days! And although we are pleased with this result, it appeared that the 10% bonus did have a slightly negative effect on the DGTX price. Therefore, we have decided to scrap 10% bonus going forwards. Our website will be updated next week to reflect this change.

Taking the Rough with the Smooth

Anyone who's been with us long-term will know that, as with any startup, being part of Digitex can be a rollercoaster ride at times. For all the joy and satisfaction of the good times, we also have to bear the sucker-punches of the bad ones.

Following the unfortunate events of last weekend, there's been a fair amount of FUD spreading through the community. So, never one to shy away from his responsibilities, Adam agreed to an appearance on Cryptotrader to answer some questions from host Austin and guest trader Nic Brunelli.

Of course, it would be no fun to listen to an entire segment of doom and gloom, so there's also plenty of Digitex talk in there as well. The discussion starts off with Adam directly addressing the recent FUD and then moves on to broader topics, including funding Digitex, adoption of the #DFE, and functionality of the trading platform.

Elsewhere in the Press
Adam also took questions from fans of Game of Bitcoins when he joined host Gary for an AMA earlier in the week! In a very well received rapid-fire session on Telegram, Adam answered questions covering topics as diverse as security, DGTX tokenomics, and how Digitex plans to compete against behemoth exchanges like Binance with our unique, zero-fee trading model.

Finally, Digitex's tokenomics model took center stage in a piece in The Capital, formerly Altcoin Magazine. It breaks down exactly how Digitex intends to become an active, liquid, exchange that can operate on a zero-commission model using the DGTX token. If you like the piece, make it easy for other Digitex supporters to find it by clapping for it on Medium!

So, onwards and upwards! As always, a big thank you to our loyal band of supporters for sticking with us. This spring, all the waiting will be rewarded when we throw open the doors of the world's first zero-fee futures trading platform on April 27!

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