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.