| | 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. |
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150% APY – One of the Best Returns in the Industry |
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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. |
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DUSD – How Will the Switchover Work? |
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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. |
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Why the Digitex Exchange Makes Profitable Trading Easy |
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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. |
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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. |
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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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