| | Only four days until we open the doors on the first features of the all-new Digitex City! On December 15, we're inviting you to join us in the only venue in crypto where you can trade, play, and connect, all on the same platform. Launching Digitex City in beta is our most significant milestone since the public launch of the Digitex Futures Exchange in July, and we have a ton of new features that we can't wait for you to try out. More on that coming up. |
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DGTX Minting Schedule This week, we opened events on the blog by announcing our plans to attract a slew of new users to the platform with the DGTX Minting Schedule. The Minting Schedule represents a shift from our initial plan outlined in the first Digitex white paper three years ago. Our initial intention was to mint DGTX tokens to sell as a direct source of revenue for the exchange. However, over the journey to launching Digitex and evolving the vision to Digitex City, we've come to realize that minting tokens is one of the most powerful tools at our disposal to attract new users to our platforms. However, we also believe that the markets for DGTX need some certainty about what will happen with token minting over the coming years so that any new supply can be priced into the value of DGTX. Therefore, the DGTX Minting Schedule is designed to ensure we can continue to attract new users to the Digitex City platform through a comprehensive program of rewards while providing a guarantee of supply control over the next eight years. |
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AMA with Adam Following the DGTX Minting Schedule announcement, many of our community understandably had questions and concerns about the changes and what they'd mean for the future value of DGTX. Therefore, we asked for your feedback, and on Wednesday, Adam was back on YouTube in one of his regular AMA sessions. It was an in-depth session lasting for over an hour. However, the core message is that we're laser-focused on making Digitex City a success by attracting new users, which will ultimately deliver long-term value to DGTX holders. We firmly believe that a controlled and transparent increase in supply will become factored into the price over the coming years.
However, a continuing influx of new users will more than offset any inflationary impact of releasing new tokens onto the market. We highly recommend you watch Adam's AMA in full as he addresses many more questions and feedback in full detail on the live stream. |
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Market Specifications for the All-new Digitex Exchange Elsewhere on the blog this week, we've been focusing on some of the other activities involved with preparing for Tuesday's big launch. As our regular readers will know, we're planning to switch the Digitex exchange from DGTX-denominated markets to DUSD-denominated markets. On Thursday, we shared the full market specifications for our four futures markets and eight spot markets that will be open for trading, denominated in DUSD, starting from Tuesday, December 15. You can read the full market specs over on the blog. |
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Make Sure You're Ready for the Switchover! One of the most important things to note if you're currently an active trader is that we will be closing down the DGTX-denominated markets from noon UTC on Monday, December 14. If you still have open positions by that time, they will be automatically closed. We will open trading again at noon UTC on Tuesday, December 15, with the new markets, and you can start trading futures using DUSD from that time.
We anticipate a sliding start once the markets reopen, as traders will need some time to begin minting DUSD and introduce liquidity. However, this also means that the Liquidity Mining rewards on offer from next week will be allocated among a smaller pool of traders while we continue to onboard new users.
So to make sure you can get a bigger slice of this rewards pie, get in early and start minting DUSD and trading on the Digitex Exchange with market-making orders. Adam will also be online on Digitex Connect next week, minting DUSD to help kickstart the markets and get everyone accustomed to the process. |
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300M DGTX Allocated to Rewards Wallets The first 300 million DGTX have been minted this week according to the DGTX Mint Schedule. Check out this post on the blog showing you all the wallet addresses and transaction IDs on etherscan so that you can see where the tokens have been allocated and how we'll be spending them in Digitex City. From DUSD creation rewards to liquidity mining, DGTX pool rewards to DUSD bonds, we've got plenty of money-making opportunities coming your way - with plenty of DGTX rewards! We also have our Pool Rewards program paying out daily passive income to those who contribute liquidity to our pools on Uniswap and Balancer. |
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Powered by DGTX Digitex City is an ecosystem designed to create ever increasing demand for DGTX — a utility token that is needed as collateral to create DUSD stablecoins. As the Digitex City economy grows and demand for its native currency DUSD increases, so does demand for DGTX. |
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Remember, all this is just the very beginning. We have big plans to expand the Digitex Exchange markets, introduce Play features such as poker and casino games, launch more rewards programs, and plenty besides. So, make sure you're with us next week for the big day, and thanks for sticking with us as we bring the Digitex City vision to life. Thanks as always for your support. |
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