Introducing DUSD, The Digitex Stablecoin

We always said that the launch of the Digitex Futures exchange was only the beginning of the journey. Following on from the recently published roadmap for the DFE, we've now started making good on our promise to deliver ongoing value and demand for the DGTX token.  On Monday, we released a blog post that directly addresses the token price movements over the weeks since the public mainnet launch. Since the ICO, we've always been transparent with our community when we've encountered challenges, and this time is no different. Our current focus is bringing in active traders using DGTX, which is the only way to bring the token price back into bullish territory.  With this in mind, our focus for much of the week has been on introducing ways to ensure that trading on the DFE is as attractive as possible. DGTX converter is live On Tuesday, we announced that the DGTX Converter is now live, making it easier than ever before for traders to deposit DGTX and start trading.  The DGTX Converter is an important update, as it replaces the purchasing features of the Digitex Treasury and reintroduces the ability for anyone to buy DGTX within the DFE interface. This removes obstacles for new traders as they can seamlessly buy DGTX without having to leave the DFE interface to go to an external exchange. Check out our blog post and Digitex Academy how-to video here. Introducing the DUSD Stablecoin On Wednesday, we released our biggest announcement since the mainnet launch. Another critical challenge for onboarding new traders has been the token price itself, with volatility understandably deterring traders. Therefore, we've made the decision to proceed with a plan that Adam had previously conceived - a Digitex stablecoin.  DUSD will be pegged at $1 and backed 5:1 by DGTX tokens. Anyone can stake DGTX and mint DUSD, which will become the new native token of the Digitex Futures exchange, and other new marketplaces we launch in the future, such as the Digitex Spot exchange.  All the mechanics of DUSD are laid out in a comprehensive paper authored by Adam. Suffice to say, that from a trader's perspective, there is no need to understand all the underlying complexity or even to stake DGTX to mint DUSD themselves.  Traders will be able to buy and sell DUSD within Digitex or on external spot exchanges, and it will provide a stable price for their profits and account balances.  For DGTX holders, DUSD spells great news. Each DUSD will lock up $5 worth of DGTX, restricting circulating supply. Once traders realize they can scalp with zero fees and collect profits with a guarantee of stability, demand for DUSD will go up, pushing up demand for DGTX five-fold. Increased demand and restricted supply create a new bullish case for DGTX.  The polls we ran on Twitter and Telegram indicated overwhelming support for the stablecoin concept. Understandably, there were many questions from the community regarding the stablecoin proposal. Therefore, on Thursday, we published a follow-up to address these questions. New webinar in Trader Cobb's series To round off the week, we provided an overview of the second in Trader Cobb's series of webinars about how to trade profitably on the DFE. This time, he was focused on the perfect ingredients for emotion-free, process-driven, outcome-based trading. If you haven't been watching these webinars so far, then make sure you catch up, and register for your place to watch the next in the series here.  Despite all the news this week, we definitely aren't about to take a break any time soon! We have much more to come next week, including another development designed to drive demand for DGTX, an exciting new development on the DFE, and more! In the meantime, we wish all our loyal and long-standing supporters, traders, and HODLers a restful and relaxing summer weekend. Until next time! View this email in your browser You are receiving this email because of your relationship with Digitex Futures. Please reconfirm your interest in receiving emails from us. If you do not wish to receive any more emails, you can unsubscribe here. This message was sent to nhuatonghop@gmail.com by support@digitexfutures.com Global Gateway 8, Rue de la Perle, Providence, Mahe 1, Seychelles Unsubscribe | Manage Subscription | Forward Email | Report Abuse