| | Last week, we made a massive announcement about the plans to develop from the Digitex Futures exchange into Digitex City. We also unveiled our transformational roadmap leading up to the end of the year.
Given the scope and scale of the plans, we're not surprised that the community channels continue to be flooded with questions and speculation! So we've had two main channels of activity this week - Telegram and a ton of content on the blog to give everyone some more insights into what to expect.
Also, as of today, XRP is now live on the mainnet! Hop on over to the exchange and start trading Ripple with zero fees. |
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5 reasons that Digitex will scale new heights |
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Our Monday post provided a summary of the biggest developments that you can expect from Digitex between now and year-end. For those who want to continue to speculate and earn from the price of the DGTX token, the DUSD stablecoin and DGTX Staking program are the star highlights.
But of course, serving an active community of traders with zero-fee markets is the primary utility of DGTX. Therefore, in addition to expanding our futures markets, traders can also look forward to zero-commission spot markets and no-spread forex markets before the year is out.
The best part? Once trading is denominated in DUSD, exchange users will have a stable currency for denominating their trades. Moreover, DGTX HODLers will benefit from an increasingly scarce and valuable token, with the bonus of rewards for stakers. |
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On Tuesday, we took a closer look into what the transformation into Digitex City will involve. The expansion into spot and forex means that the DFE will become the Digitex exchange - a single sign-on and user interface for all assets and markets. Traders will mix and match different markets on up to three different ladders on the same screen.
The post also unveils more information about what to expect from the Digitex social network - aka the City Center. We anticipate that as a full-featured social platform, the City Center will be a key source of traffic to the Digitex Exchange. Content sharing, video streaming, and live hangouts - read it all on the blog. |
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On Wednesday, we announced that the next new market is now available for experimentation on the testnet. XRP is crypto's fourth-largest asset, and with volatility that can often occur independently of BTC, it offers attractive scalping potential for traders.
And of course, we have plenty of other new markets coming. Gold and S&P500 contracts are still in the pipeline, and we may also dazzle you with a few more surprise markets we have up our sleeve too. |
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New tokens - your questions answered |
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Along with issuing a brand-new token in the form of DUSD, we're also planning to switch DGTX to the ERC20 token standard. This move will help get DGTX listed on popular decentralized exchanges like Uniswap, which don't currently accept the ERC223 token standard.
We've been keeping an eye on the questions that continue to pour in about our new tokens, so on Thursday, we published a comprehensive Q&A that will hopefully address the most burning issues. Head on over to the blog to get all the answers you need. |
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Forecasting the impact of Digitex City for DGTX |
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On Friday, we were delighted to welcome back Sulla, aka The Numbers Guy, for one of his regular analysis posts. Sulla has been watching all the recent announcements closely and applying his usual scrutiny to the possible impact on the DGTX token price.
Of course, nobody has a crystal ball. But Sulla's analysis shows a comprehensive bull case for DGTX, based on real demand for DGTX from Digitex City users who will need DUSD to participate. Read what Sulla has to say on Friday's blog post.
Also this week, Hackernoon published a post covering all the plans for Digitex City, DUSD, and the Digitex Staking Program to Hackernoon's readership of over 4 million per month. News of the DGTX Staking Program also got picked up by crypto trader and analyst Edward Moon from Publish0X; concluding that "Digitex Futures has all chances of becoming a new-generation leader in the crypto space."
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So that rounds off another week in the world of Digitex. We hope you've enjoyed taking a deeper dive into what to expect from all our upcoming developments, and have fun trading our new markets. Enjoy your weekend, and we'll be back next week with more Digitex-related news and insights. |
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