A Video Update from Adam 1

A Video Update from Adam

Digitex
Crypto Industry
• Digitex
June 11, 2021

Adam Todd, the founder and CEO of Digitex, and more recently, of Blockster, posted a video detailing how the social platform not only solves an industry problem but opens room for an entirely new ecosystem.

Adam starts by explaining how Blockster is a social platform focused on cryptocurrency, dedicated to just that. 

According to our founder, Blockster is where legitimate projects can come to build a following, share updates, and users can discuss upcoming tokens, ICOs. 

That’s not all, as Blockster has a big education area, Blockademy, besides a coin ranking, similar to CoinMarketCap. Lastly, Blockdesk, a curated and user-generated blog, focused on high-quality content.

What makes Blockster unique, according to Adam Todd?

“We allow cryptocurrency, legitimate projects, to advertise,” Adam mentions the digital asset blanket-ban by traditional social media companies. He explains how it is impossible to buy quality traffic to reach a quality audience, even for Digitex exchange.

Therefore, crypto companies are desperate for advertising to their target audience, and Blockster will change that.

Why is the BXR token special?

Blockster’s CEO shows how the token is the gateway for these companies to reach this high-quality audience, as they got to buy BXR tokens to advertise on the platform. Those cash-rich companies want to spend this money, and they need to spend and are going in.

Lastly, Adam explains how the BXR supply is constantly decreasing as 5% of this ad revenue is burnt. Furthermore, the users that stake BXR tokens on Blockfarm share 20% of the advertising revenue.

The result is constant competition from the advertisers who need BXR, besides users who want to buy them to share that revenue.

Adam explains that Digitex has been around for three and a half years, and Blockster is part of a bigger plan to build something really great, including a token launch platform, Blockfunder

We strongly recommend you hear it directly from the mastermind of this revolutionary ecosystem.

What is Adam’s role in Blockster?

Make sure that Digitex token launch platform, Blockfunder, is a success, and Blockster is a part of Digitex as a large source of traffic.

When will the Blockster platform be released?

End of June, but that’s when the BXR token offer price goes for the highest price, so for those that recognize the virality that the project has, getting early means a huge discount.

June 11, 2021
Digitex
Crypto Industry

A Video Update from Adam

Digitex
A Video Update from Adam 2

Adam Todd, the founder and CEO of Digitex, and more recently, of Blockster, posted a video detailing how the social platform not only solves an industry problem but opens room for an entirely new ecosystem.

Adam starts by explaining how Blockster is a social platform focused on cryptocurrency, dedicated to just that. 

According to our founder, Blockster is where legitimate projects can come to build a following, share updates, and users can discuss upcoming tokens, ICOs. 

That’s not all, as Blockster has a big education area, Blockademy, besides a coin ranking, similar to CoinMarketCap. Lastly, Blockdesk, a curated and user-generated blog, focused on high-quality content.

What makes Blockster unique, according to Adam Todd?

“We allow cryptocurrency, legitimate projects, to advertise,” Adam mentions the digital asset blanket-ban by traditional social media companies. He explains how it is impossible to buy quality traffic to reach a quality audience, even for Digitex exchange.

Therefore, crypto companies are desperate for advertising to their target audience, and Blockster will change that.

Why is the BXR token special?

Blockster’s CEO shows how the token is the gateway for these companies to reach this high-quality audience, as they got to buy BXR tokens to advertise on the platform. Those cash-rich companies want to spend this money, and they need to spend and are going in.

Lastly, Adam explains how the BXR supply is constantly decreasing as 5% of this ad revenue is burnt. Furthermore, the users that stake BXR tokens on Blockfarm share 20% of the advertising revenue.

The result is constant competition from the advertisers who need BXR, besides users who want to buy them to share that revenue.

Adam explains that Digitex has been around for three and a half years, and Blockster is part of a bigger plan to build something really great, including a token launch platform, Blockfunder

We strongly recommend you hear it directly from the mastermind of this revolutionary ecosystem.

What is Adam’s role in Blockster?

Make sure that Digitex token launch platform, Blockfunder, is a success, and Blockster is a part of Digitex as a large source of traffic.

When will the Blockster platform be released?

End of June, but that’s when the BXR token offer price goes for the highest price, so for those that recognize the virality that the project has, getting early means a huge discount.

Latest News

Community Questions About Blockfunder, DGTX, and Beyond 3

Community Questions About Blockfunder, DGTX, and Beyond

Crypto Industry
• Digitex
June 8, 2021

We’ve kicked off the Blockster (BXR) token sale and it’s off to a strong start! We’ve had positive feedback from several key influencers and a few hundred sales have come in. Track the action yourself or join in by heading to our Blockfunder page. During the first phase of the sale, BXR tokens are available for the reduced price of $1 each and purchases are accepted in DGTX only.

And while our very first IEO is taking place, as always, we’re gathering feedback from the community. Beyond our stellar trading platform and super talented team, it’s you guys we value the most. We’ve been able to expand and grow even through the toughest of circumstances thanks to your ongoing feedback and support. 

This week, your questions are answered by Digitex’s Product Owner Alexey Veledinskii (AV). He’s one of the driving forces behind the high-quality upgrades you’ve seen lately and is working closely with Adam to keep the roadmap on track. We’ll share a spotlight on AV later this month, but for now, let’s dive into your questions.

Q. Was Blockfunder the only solution mentioned in the blog to take DGTX out of circulation?

A. Blockfunder is only the first step that we will take in this direction. We understand that to create demand for DGTX, we need to add more utility for the token. We have several ideas and will deploy some of them this year (autumn will be rich for harvest).

Q. Any news about the stablecoin?

A. We can’t give any details on that right now, but we know that our traders really want stable derivatives markets and satisfying our traders is the main reason we’re all here working on Digitex.io development.

Q. Are bracket orders coming soon?

A. We are in the concept stage of refactoring Delayed Actions (Conditional orders, SL/TP) systems. We aim to deliver really easy-to-use Delayed Actions and bracket orders.

Q. Is the burning DGTX tokens idea on the table? Like some proportion of the Blockfunder sales maybe.

A. Burning may be helpful for short to medium term but it can’t be good as a long term solution. DGTX received from the BXR token sale will not be burned, but in future, when we add more utility for DGTX, we can implement a burning system to warm the market up.

Q. Is there going to be a staking period and penalty if un-staked earlier than the period; burning some of the unstaked tokens is a good idea as well.

A. This seems strange. Like we are going to force our traders to use DGTX or lose it. My point is that I think this is the wrong way to do it. We must create demand for DGTX by improving our products, make it more stable on one hand, and more flexible on the other. That’s why creating new utilities for DGTX is our top priority.

Q. Many trade on mobile, any news on that?

A. We already put some logic and design to our early version of the mobile app. The work is in progress, but we can’t say any ETA yet. Our goal is to adapt our Ladder interface for mobile screens. It’s very hard, but we know that the Ladder trading UI has excellent feedback from the community, and it is much more comfortable than a classic UI, especially for quick trades on fast moving markets.

Q. Are you going to improve the spread?

A. Having a big spread is not an issue in itself. We discovered the reasons why it happens and are going to change the market maker model. Also we hired a very experienced senior-level developer with trading bot making experience.

That wraps it up for this week but if you still have a question you want us to answer, be sure to get in touch. Our helpful support staff are on hand 24/7 and you can also reach us on our socials. Also, don’t forget to get in on the Blockster sale right now. Earn extra BXR tokens by referring friends, you can find all the details here.

 

June 8, 2021
Crypto Industry

Community Questions About Blockfunder, DGTX, and Beyond

Digitex
Community Questions About Blockfunder, DGTX, and Beyond 4

We’ve kicked off the Blockster (BXR) token sale and it’s off to a strong start! We’ve had positive feedback from several key influencers and a few hundred sales have come in. Track the action yourself or join in by heading to our Blockfunder page. During the first phase of the sale, BXR tokens are available for the reduced price of $1 each and purchases are accepted in DGTX only.

And while our very first IEO is taking place, as always, we’re gathering feedback from the community. Beyond our stellar trading platform and super talented team, it’s you guys we value the most. We’ve been able to expand and grow even through the toughest of circumstances thanks to your ongoing feedback and support. 

This week, your questions are answered by Digitex’s Product Owner Alexey Veledinskii (AV). He’s one of the driving forces behind the high-quality upgrades you’ve seen lately and is working closely with Adam to keep the roadmap on track. We’ll share a spotlight on AV later this month, but for now, let’s dive into your questions.

Q. Was Blockfunder the only solution mentioned in the blog to take DGTX out of circulation?

A. Blockfunder is only the first step that we will take in this direction. We understand that to create demand for DGTX, we need to add more utility for the token. We have several ideas and will deploy some of them this year (autumn will be rich for harvest).

Q. Any news about the stablecoin?

A. We can’t give any details on that right now, but we know that our traders really want stable derivatives markets and satisfying our traders is the main reason we’re all here working on Digitex.io development.

Q. Are bracket orders coming soon?

A. We are in the concept stage of refactoring Delayed Actions (Conditional orders, SL/TP) systems. We aim to deliver really easy-to-use Delayed Actions and bracket orders.

Q. Is the burning DGTX tokens idea on the table? Like some proportion of the Blockfunder sales maybe.

A. Burning may be helpful for short to medium term but it can’t be good as a long term solution. DGTX received from the BXR token sale will not be burned, but in future, when we add more utility for DGTX, we can implement a burning system to warm the market up.

Q. Is there going to be a staking period and penalty if un-staked earlier than the period; burning some of the unstaked tokens is a good idea as well.

A. This seems strange. Like we are going to force our traders to use DGTX or lose it. My point is that I think this is the wrong way to do it. We must create demand for DGTX by improving our products, make it more stable on one hand, and more flexible on the other. That’s why creating new utilities for DGTX is our top priority.

Q. Many trade on mobile, any news on that?

A. We already put some logic and design to our early version of the mobile app. The work is in progress, but we can’t say any ETA yet. Our goal is to adapt our Ladder interface for mobile screens. It’s very hard, but we know that the Ladder trading UI has excellent feedback from the community, and it is much more comfortable than a classic UI, especially for quick trades on fast moving markets.

Q. Are you going to improve the spread?

A. Having a big spread is not an issue in itself. We discovered the reasons why it happens and are going to change the market maker model. Also we hired a very experienced senior-level developer with trading bot making experience.

That wraps it up for this week but if you still have a question you want us to answer, be sure to get in touch. Our helpful support staff are on hand 24/7 and you can also reach us on our socials. Also, don’t forget to get in on the Blockster sale right now. Earn extra BXR tokens by referring friends, you can find all the details here.

 

Latest News

blockster

Phase 1 BXR Token Sale Launches Today, 55% Discount

Crypto Industry
• Digitex
June 7, 2021

Blockster – the crypto social network platform that combines curated news, chat, experts’ takes, discussion groups, and market data – is launching the BXR token offer today at $1, which is a 55% discount.

Why should you care about the BXR token?

The Blockster (BXR) token will be used to settle all transactions in the ecosystem, including companies willing to advertise and promote their profiles. Therefore, it has an actual demand from day one. BXR stakers will earn 20% of all the advertising revenue on the platform. Companies and projects can communicate to a highly targeted and engaged audience, and users no longer have to scroll through unrelated promos. Moreover, every month Blockster will burn 5% of all BXR spent on advertising, further increasing its value. This feature makes BXR an excellent opportunity for investors

A single opportunity to buy with a 55% discount!

Blockster token sale kicks off TODAY at 12 pm UTC at $1.00, with a 55% discount. Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and you’re all set!

Phase 1 BXR Token Sale Launches Today, 55% Discount 5

Invite friends, and profit from referrals!

You can take part by referring the IEO to your friends and earn 10% of their BXR purchases. Don’t miss this chance to earn more tokens. Go to Blockfunder, the IEO token launch platform, and create your unique referral link.

BXR Token — Keep updated using Telegram channel

We invite you to join Blockster Telegram channel. All the updates about Blockster and BXR will be published there.

June 7, 2021
Crypto Industry

Phase 1 BXR Token Sale Launches Today, 55% Discount

Digitex
blockster

Blockster – the crypto social network platform that combines curated news, chat, experts’ takes, discussion groups, and market data – is launching the BXR token offer today at $1, which is a 55% discount.

Why should you care about the BXR token?

The Blockster (BXR) token will be used to settle all transactions in the ecosystem, including companies willing to advertise and promote their profiles. Therefore, it has an actual demand from day one. BXR stakers will earn 20% of all the advertising revenue on the platform. Companies and projects can communicate to a highly targeted and engaged audience, and users no longer have to scroll through unrelated promos. Moreover, every month Blockster will burn 5% of all BXR spent on advertising, further increasing its value. This feature makes BXR an excellent opportunity for investors

A single opportunity to buy with a 55% discount!

Blockster token sale kicks off TODAY at 12 pm UTC at $1.00, with a 55% discount. Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and you’re all set!

Phase 1 BXR Token Sale Launches Today, 55% Discount 6

Invite friends, and profit from referrals!

You can take part by referring the IEO to your friends and earn 10% of their BXR purchases. Don’t miss this chance to earn more tokens. Go to Blockfunder, the IEO token launch platform, and create your unique referral link.

BXR Token — Keep updated using Telegram channel

We invite you to join Blockster Telegram channel. All the updates about Blockster and BXR will be published there.

Latest News

blockster

Blockster in the News – Check Out the Media Highlights

Digitex
Crypto Industry
• Digitex
June 4, 2021

We’re super excited about the launch of Blockster social network, and can’t wait to become the go-to place for all things crypto–and it seems as if we’re not the only ones! Blockster has been garnering a lot of attention in the media recently, with bloth influencers and crypto news sites eager to talk about its awesome features, and celebrate the launch of an entirely new social hub dedicated to crypto hustlers like you.

With Blockster, you no longer need to access multiple websites and apps to find news, educational articles, expert takes, and discussion groups for your topics of interest. Regardless of your knowledge level, every Blockster can make money on their digital assets.

What Are People Saying?

CryptoSlate covered the Blockfunder IEO token launch platform debut, where the financing and fast-tracking of selected projects will take place. Digitex’s due diligence ensures only high-quality offerings will be available, and there’s no better way to kick it all off than with Blockster Social Network’s native token, BXR.

The BXR token is the only accepted payment method for Blockster advertisers, and all commerce inside the platform, such as purchasing NFTs. It will be available for sale starting Monday, June 7. Upon completion of the six phases of the token sale, BXR will be initially listed on Digitex and Uniswap, with other major exchanges to be announced soon.

Bitcoinist, another well-respected crypto news website, explained how Blockster users could join groups and access the real-time market data feed on ‘Blockwatch’ to keep up to date on the price action of all the major coins.

The article also describes how writers, influencers, and crypto personalities are already populating the network with high-quality content and inviting friends before it opens to the general public.

Youtube Influencers Are Loving Blockster Too

‘Crypto Profit,’ a 90k-subscriber channel dedicated to finding the hottest crypto-investment opportunities, highlighted the Blockster (BXR) token potential. Be sure to check out his assessment and why he believes this social network “will do very very well.”

‘Ryan Matta’, an experienced miner, trader, and crypto investor, stated that “getting in on an ICO at this price can potentially be very very profitable… this could be the next Facebook of crypto.”

‘Expert Para,’ a 284k-subscriber YouTuber in Turkey, also extensively covered Blockster’s Social Network features and the BXR token IEO taking place on Digitex’s Blockfunder.

Token Sale Starts on June 7, Don’t Miss Out!

Blockster has been under development for over a year and is now in its final testing stages. The token sale through Digitex’s Blockfunder IEO platform will kick off on Monday, June 7 at 12pm UTC.

Blockster in the News – Check Out the Media Highlights 7

The BXR token will start out at $1 and gradually increase over the six phases, so the earlier you join, the higher the potential gains.

For DGTX token holders, there’s some good news here as well. DGTX will be the only currency accepted in three of the six phases, allowing Digitex to collect a lot of its circulating supply and give the exchange’s native token a chance to recapture value. 

Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the sale phase.

Blockster in the News – Check Out the Media Highlights 8

Refer Friends and Earn Free Tokens

You can earn more BXR tokens by referring the IEO to your friends and earning 10% of their BXR purchases. Don’t miss this chance to earn more tokens, by signing up to Blockfunder and creating a unique referral link.

Share it on your social profiles or send it to your friends. Each time your link is used to complete a purchase, you will be automatically rewarded. Don’t miss this chance to get in on this exciting project at the early stages!

BXR Token — Keep Updated Using Our Telegram

We invite you to join our Telegram channel as we prepare to release our testnet to the public. All updates about Blockster and BXR will be published there. For any questions you can also hit us up on any of our socials or contact our live support.

June 4, 2021
Digitex
Crypto Industry

Blockster in the News – Check Out the Media Highlights

Digitex
blockster

We’re super excited about the launch of Blockster social network, and can’t wait to become the go-to place for all things crypto–and it seems as if we’re not the only ones! Blockster has been garnering a lot of attention in the media recently, with bloth influencers and crypto news sites eager to talk about its awesome features, and celebrate the launch of an entirely new social hub dedicated to crypto hustlers like you.

With Blockster, you no longer need to access multiple websites and apps to find news, educational articles, expert takes, and discussion groups for your topics of interest. Regardless of your knowledge level, every Blockster can make money on their digital assets.

What Are People Saying?

CryptoSlate covered the Blockfunder IEO token launch platform debut, where the financing and fast-tracking of selected projects will take place. Digitex’s due diligence ensures only high-quality offerings will be available, and there’s no better way to kick it all off than with Blockster Social Network’s native token, BXR.

The BXR token is the only accepted payment method for Blockster advertisers, and all commerce inside the platform, such as purchasing NFTs. It will be available for sale starting Monday, June 7. Upon completion of the six phases of the token sale, BXR will be initially listed on Digitex and Uniswap, with other major exchanges to be announced soon.

Bitcoinist, another well-respected crypto news website, explained how Blockster users could join groups and access the real-time market data feed on ‘Blockwatch’ to keep up to date on the price action of all the major coins.

The article also describes how writers, influencers, and crypto personalities are already populating the network with high-quality content and inviting friends before it opens to the general public.

Youtube Influencers Are Loving Blockster Too

‘Crypto Profit,’ a 90k-subscriber channel dedicated to finding the hottest crypto-investment opportunities, highlighted the Blockster (BXR) token potential. Be sure to check out his assessment and why he believes this social network “will do very very well.”

‘Ryan Matta’, an experienced miner, trader, and crypto investor, stated that “getting in on an ICO at this price can potentially be very very profitable… this could be the next Facebook of crypto.”

‘Expert Para,’ a 284k-subscriber YouTuber in Turkey, also extensively covered Blockster’s Social Network features and the BXR token IEO taking place on Digitex’s Blockfunder.

Token Sale Starts on June 7, Don’t Miss Out!

Blockster has been under development for over a year and is now in its final testing stages. The token sale through Digitex’s Blockfunder IEO platform will kick off on Monday, June 7 at 12pm UTC.

Blockster in the News – Check Out the Media Highlights 9

The BXR token will start out at $1 and gradually increase over the six phases, so the earlier you join, the higher the potential gains.

For DGTX token holders, there’s some good news here as well. DGTX will be the only currency accepted in three of the six phases, allowing Digitex to collect a lot of its circulating supply and give the exchange’s native token a chance to recapture value. 

Taking part in the BXR token sale is easy! Click here, complete a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the sale phase.

Blockster in the News – Check Out the Media Highlights 10

Refer Friends and Earn Free Tokens

You can earn more BXR tokens by referring the IEO to your friends and earning 10% of their BXR purchases. Don’t miss this chance to earn more tokens, by signing up to Blockfunder and creating a unique referral link.

Share it on your social profiles or send it to your friends. Each time your link is used to complete a purchase, you will be automatically rewarded. Don’t miss this chance to get in on this exciting project at the early stages!

BXR Token — Keep Updated Using Our Telegram

We invite you to join our Telegram channel as we prepare to release our testnet to the public. All updates about Blockster and BXR will be published there. For any questions you can also hit us up on any of our socials or contact our live support.

Latest News

blockster

All About Blockster – The Go-to Social Network for Crypto

Crypto Industry
• Digitex
June 3, 2021

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 11

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 12

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

June 3, 2021
Crypto Industry

All About Blockster – The Go-to Social Network for Crypto

Digitex
blockster

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 13

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 14

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

Latest News

4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies 15

4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies

Cryptocurrency
Crypto Industry
Trading
• Digitex
April 7, 2021

The Bitcoin trading volume is a crucial indicator for both cryptocurrency investors and traders.

According to a CoinDesk Markets survey, trading volume was ranked as the top indicator traders “couldn’t live without,” scoring 38% among all poll respondents.

Currently, the 24-hour BTC trading volume is standing at nearly $73 billion, which is up by 8% since the last day. 

4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies 16

But what is the Bitcoin trading volume, what does it tell us about the market, and how does it impact crypto trading strategies Let’s explore the answers to the above questions together in this article!

Bitcoin Trading Volume Explained

The Bitcoin trading volume measures how much BTC has been traded on cryptocurrency exchanges in a certain period of time (the most common timeframe is 24 hours).

For Bitcoin derivatives trading, the volume provides data about the number of futures or options contracts changing hands between buyers and sellers.

When buyers and sellers reach an agreement at a certain price for a trading pair (e.g., BTC/USD), the exchange facilitating the trade records the transaction and uses that data to calculate the trading volume for the digital asset.

For example, suppose Alice sells 1 BTC to Bob at $60,000. In that case, the facilitating exchange records a volume of either $60,000 or 1 BTC for the BTC/USD trading pair based on the currency the service uses for denominating it.

How Does the Bitcoin Trading Volume Impact Crypto Trading Strategies?

Whether you are day trading crypto or holding digital assets for the long-term, you can use the Bitcoin trading volume to gather valuable insights about the market.

For that reason, the Bitcoin trading volume has an impact on crypto trading strategies and the financial decisions of users.

Traders can use volumes to discover the following crypto trading signals:

  1. Confirm trends: During a bull market, a high trading volume with great enthusiasm from buyers is crucial to keep pushing prices upwards. For that reason, it’s usually a bullish signal when both the volume and the price are increasing. On the other hand, when a digital asset’s price is surging, but its trading volume is decreasing, it is a warning sign of an upcoming potential reversal.
  2. Exhaustion moves: Monitoring the trading volume is also an excellent way to identify exhaustion moves. Featuring a sharp move into any direction as well as a significant volume growth, an exhaustion move can indicate a trend’s potential end.
  3. Price reversals: After excessive price movements in either direction, a significantly high volume paired with minor changes in the price can indicate that a reversal is imminent, in which the asset’s value will move in the opposite direction.
  4. Dead projects: While there are over 9,100 cryptocurrencies present on the market, not all of them have active projects behind them. Monitoring the current and historical trading volume of a cryptocurrency is an excellent way to limit your risks by filtering out dead coins with very low daily volumes.

Closing Thoughts

When investing for the long term or day trading crypto, incorporating the Bitcoin trading volume in your strategy helps you discover crucial market trends and gather signals that support you to make the right decisions.

For that reason, it’s essential to adjust your crypto trading strategy to include the Bitcoin trading volume as part of your fundamental and technical analysis.

In the meantime, be sure to leverage your new digital asset trading strategies at the next-generation futures trading platform Digitex to trade crypto for free while enjoying the benefits of a robust exchange solution.

Also, you shouldn’t forget to check out DGTX, Digitex’s native exchange token, which you can buy now with a credit card

 

April 7, 2021
Cryptocurrency
Crypto Industry
Trading

4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies

Digitex
4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies 17

The Bitcoin trading volume is a crucial indicator for both cryptocurrency investors and traders.

According to a CoinDesk Markets survey, trading volume was ranked as the top indicator traders “couldn’t live without,” scoring 38% among all poll respondents.

Currently, the 24-hour BTC trading volume is standing at nearly $73 billion, which is up by 8% since the last day. 

4 Ways that Bitcoin Trading Volumes Impact Crypto Trading Strategies 18

But what is the Bitcoin trading volume, what does it tell us about the market, and how does it impact crypto trading strategies Let’s explore the answers to the above questions together in this article!

Bitcoin Trading Volume Explained

The Bitcoin trading volume measures how much BTC has been traded on cryptocurrency exchanges in a certain period of time (the most common timeframe is 24 hours).

For Bitcoin derivatives trading, the volume provides data about the number of futures or options contracts changing hands between buyers and sellers.

When buyers and sellers reach an agreement at a certain price for a trading pair (e.g., BTC/USD), the exchange facilitating the trade records the transaction and uses that data to calculate the trading volume for the digital asset.

For example, suppose Alice sells 1 BTC to Bob at $60,000. In that case, the facilitating exchange records a volume of either $60,000 or 1 BTC for the BTC/USD trading pair based on the currency the service uses for denominating it.

How Does the Bitcoin Trading Volume Impact Crypto Trading Strategies?

Whether you are day trading crypto or holding digital assets for the long-term, you can use the Bitcoin trading volume to gather valuable insights about the market.

For that reason, the Bitcoin trading volume has an impact on crypto trading strategies and the financial decisions of users.

Traders can use volumes to discover the following crypto trading signals:

  1. Confirm trends: During a bull market, a high trading volume with great enthusiasm from buyers is crucial to keep pushing prices upwards. For that reason, it’s usually a bullish signal when both the volume and the price are increasing. On the other hand, when a digital asset’s price is surging, but its trading volume is decreasing, it is a warning sign of an upcoming potential reversal.
  2. Exhaustion moves: Monitoring the trading volume is also an excellent way to identify exhaustion moves. Featuring a sharp move into any direction as well as a significant volume growth, an exhaustion move can indicate a trend’s potential end.
  3. Price reversals: After excessive price movements in either direction, a significantly high volume paired with minor changes in the price can indicate that a reversal is imminent, in which the asset’s value will move in the opposite direction.
  4. Dead projects: While there are over 9,100 cryptocurrencies present on the market, not all of them have active projects behind them. Monitoring the current and historical trading volume of a cryptocurrency is an excellent way to limit your risks by filtering out dead coins with very low daily volumes.

Closing Thoughts

When investing for the long term or day trading crypto, incorporating the Bitcoin trading volume in your strategy helps you discover crucial market trends and gather signals that support you to make the right decisions.

For that reason, it’s essential to adjust your crypto trading strategy to include the Bitcoin trading volume as part of your fundamental and technical analysis.

In the meantime, be sure to leverage your new digital asset trading strategies at the next-generation futures trading platform Digitex to trade crypto for free while enjoying the benefits of a robust exchange solution.

Also, you shouldn’t forget to check out DGTX, Digitex’s native exchange token, which you can buy now with a credit card

 

Latest News

How Long Before Ethereum Fees Get Lower? 19

How Long Before Ethereum Fees Get Lower?

Cryptocurrency
Crypto Industry
• Digitex
April 5, 2021

Ethereum has been grabbing the headlines a lot lately. From the rising popularity of DeFi and NFTs to being Visa’s blockchain of choice for settling its first transaction, ETH price has been on the up, recently marking its latest all-time high of over $2,100. All this action surrounding the premier altcoin has undoubtedly been bullish for HODLers and yield farmers. But, what about regular users trying to interact with the Ethereum blockchain? 

Rising gas fees on the network have been pricing them out of the market. According to  BitInfoCharts, this time last year, the average transaction fee on the Ethereum network was around 8 cents. Today, users are facing regular averages of around $20 just to move funds, calling the promise of low fees and near-instant transfers of value into question. And for traders looking to avoid the volatility of cryptocurrencies by using stablecoins, such as the ERC20 versions of USDT or USDC on Ethereum, high fees create a barrier.

In tandem with rising fees comes rising network congestion. Not only do users have to pay prices on a par with PayPal to move their funds but they also have to wait for lengthy periods of time to do so. While the solution to all these problems is touted to be the long-awaited transition to a Proof of Stake blockchain (ETH 2.0), that could be a long time coming. So, how long will users really have to wait before Ethereum fees get lower?

Optimistic Rollups

Ethereum users cannot wait for years to resolve the problem of high fees as DeFi grows and Ethereum attracts increasing attention from investors. Interim solutions are needed in the meantime. Even Vitalik Buterin recognized that Ethereum scaling was a top priority  and that a solution in the shape of optimistic rollups was on the cards very soon.

How Long Before Ethereum Fees Get Lower? 20

If you think of the blockchain in layers, Ethereum is a layer 1 protocol, whereas rollups are a layer 2 solution that aggregate transactions and store them inside smart contracts to reduce congestion on the network and bring gas fees down.  

The concept of rollups was first described way back in 2014, but they were referred to as “shadow chains.” And now that network congestion and fees have been thrust into the limelight once more, their utility is back on the table. How long will it take for them to be implemented? Some projects such as Polygon (formerly Matic) have already started using them with success and, optimistically (groan), rollups could act as the mid-term solution for Ethereum.

Berlin Hard Fork

Another solution for gas fees may lie in the upcoming Berlin Hard Fork, slated to take place on April 14, 2021. Months in the planning, however, it’s not certain just how much of a dent the hard fork will make in gas fees or whether it will improve congestion. Four main improvement protocols (EIPs) will be deployed in Berlin to make the network more robust and hacker-resistant, as well as tackling gas fees. 

But different analysts have questioned how much of an effect the Berlin hard fork will really have on gas fees, citing that Ethereum has deep structural changes that need to be resolved for it to scale first before sustainable gas fees are achieved. 

Competing Blockchains

In the meantime, cryptocurrency industry participants are not sitting idle. Several PoS smart contract blockchains from Solana to Algorand have already started rolling out solutions to help traders avoid Ethereum’s high gas fees.

By running stablecoins like USDC and USDT on these blockchains, traders can move their funds from a crypto like BTC or ETH into a stablecoin almost instantly and for a cost of next to nothing. This is particularly appealing to high-frequency traders and users who simply want to move small-to-modest amounts of value without paying exorbitant fees.

There is also an increasing number of blockchains integrating EVM compatibility. This allows any smart contract deployed on the Ethereum blockchain to be deployed on them. dApp developers being priced out of the market by high fees can easily migrate their dApps to one of these blockchains and continue to develop without the high cost.

However, most of these come with trade-offs and are arguably centralized or flawed in some form or another. Moreover, network effect isn’t something that you simply knock out of the park straight away. Ethereum has much longer time in the market and still far and away the largest developer community, and number of dApps in the cryptosphere. It’s also the backbone of the majority of DeFi projects and is well-recognized now among a growing class of institutional investors.

Closing Thoughts

The upcoming Berlin hard fork could give network users some temporary relief as far as high gas fees go and optimistic rollups seem to be the next likely major step forward for Ethereum before it transitions to ETH 2.0. 

With a little bit of luck, we might expect to see lower gas fees on Ethereum by the middle of this month and at least sustainable rates coming soon while we wait for ETH 2.0. In the meantime, Ethereum will certainly be keeping its eyes open to the cohort of high throughput blockchains that are springing up around it promising faster transactions and lower costs. 

Want to trade ETH futures with zero commissions on crypto’s only trading ladder interface? Sign up for a KYC-free account and start making gains now.

April 5, 2021
Cryptocurrency
Crypto Industry

How Long Before Ethereum Fees Get Lower?

Digitex
How Long Before Ethereum Fees Get Lower? 21

Ethereum has been grabbing the headlines a lot lately. From the rising popularity of DeFi and NFTs to being Visa’s blockchain of choice for settling its first transaction, ETH price has been on the up, recently marking its latest all-time high of over $2,100. All this action surrounding the premier altcoin has undoubtedly been bullish for HODLers and yield farmers. But, what about regular users trying to interact with the Ethereum blockchain? 

Rising gas fees on the network have been pricing them out of the market. According to  BitInfoCharts, this time last year, the average transaction fee on the Ethereum network was around 8 cents. Today, users are facing regular averages of around $20 just to move funds, calling the promise of low fees and near-instant transfers of value into question. And for traders looking to avoid the volatility of cryptocurrencies by using stablecoins, such as the ERC20 versions of USDT or USDC on Ethereum, high fees create a barrier.

In tandem with rising fees comes rising network congestion. Not only do users have to pay prices on a par with PayPal to move their funds but they also have to wait for lengthy periods of time to do so. While the solution to all these problems is touted to be the long-awaited transition to a Proof of Stake blockchain (ETH 2.0), that could be a long time coming. So, how long will users really have to wait before Ethereum fees get lower?

Optimistic Rollups

Ethereum users cannot wait for years to resolve the problem of high fees as DeFi grows and Ethereum attracts increasing attention from investors. Interim solutions are needed in the meantime. Even Vitalik Buterin recognized that Ethereum scaling was a top priority  and that a solution in the shape of optimistic rollups was on the cards very soon.

How Long Before Ethereum Fees Get Lower? 22

If you think of the blockchain in layers, Ethereum is a layer 1 protocol, whereas rollups are a layer 2 solution that aggregate transactions and store them inside smart contracts to reduce congestion on the network and bring gas fees down.  

The concept of rollups was first described way back in 2014, but they were referred to as “shadow chains.” And now that network congestion and fees have been thrust into the limelight once more, their utility is back on the table. How long will it take for them to be implemented? Some projects such as Polygon (formerly Matic) have already started using them with success and, optimistically (groan), rollups could act as the mid-term solution for Ethereum.

Berlin Hard Fork

Another solution for gas fees may lie in the upcoming Berlin Hard Fork, slated to take place on April 14, 2021. Months in the planning, however, it’s not certain just how much of a dent the hard fork will make in gas fees or whether it will improve congestion. Four main improvement protocols (EIPs) will be deployed in Berlin to make the network more robust and hacker-resistant, as well as tackling gas fees. 

But different analysts have questioned how much of an effect the Berlin hard fork will really have on gas fees, citing that Ethereum has deep structural changes that need to be resolved for it to scale first before sustainable gas fees are achieved. 

Competing Blockchains

In the meantime, cryptocurrency industry participants are not sitting idle. Several PoS smart contract blockchains from Solana to Algorand have already started rolling out solutions to help traders avoid Ethereum’s high gas fees.

By running stablecoins like USDC and USDT on these blockchains, traders can move their funds from a crypto like BTC or ETH into a stablecoin almost instantly and for a cost of next to nothing. This is particularly appealing to high-frequency traders and users who simply want to move small-to-modest amounts of value without paying exorbitant fees.

There is also an increasing number of blockchains integrating EVM compatibility. This allows any smart contract deployed on the Ethereum blockchain to be deployed on them. dApp developers being priced out of the market by high fees can easily migrate their dApps to one of these blockchains and continue to develop without the high cost.

However, most of these come with trade-offs and are arguably centralized or flawed in some form or another. Moreover, network effect isn’t something that you simply knock out of the park straight away. Ethereum has much longer time in the market and still far and away the largest developer community, and number of dApps in the cryptosphere. It’s also the backbone of the majority of DeFi projects and is well-recognized now among a growing class of institutional investors.

Closing Thoughts

The upcoming Berlin hard fork could give network users some temporary relief as far as high gas fees go and optimistic rollups seem to be the next likely major step forward for Ethereum before it transitions to ETH 2.0. 

With a little bit of luck, we might expect to see lower gas fees on Ethereum by the middle of this month and at least sustainable rates coming soon while we wait for ETH 2.0. In the meantime, Ethereum will certainly be keeping its eyes open to the cohort of high throughput blockchains that are springing up around it promising faster transactions and lower costs. 

Want to trade ETH futures with zero commissions on crypto’s only trading ladder interface? Sign up for a KYC-free account and start making gains now.

Latest News

Fintech

Watch Adam’s Keynote at Fintech-Aviv

Crypto Industry
• Digitex
July 23, 2020

We’re proud to announce that earlier this week, Adam was invited as a keynote speaker at the Capital Markets Event held by Fintech-Aviv. Introduced as “one of the most outstanding figures in the industry” by Sheldon Freedman of Hassans, a leading international law firm, it was a fantastic opportunity to introduce Digitex to leading figures in the buzzing Israeli fin-tech scene. Watch Adam’s keynote below.

Israel has more than 500 fintech firms ranging from startup to unicorns. Fintech-Aviv is their representative body as the Israeli fintech association. It regularly holds events hosting senior figures from the financial sector. As Adam himself said, he is usually “the crypto guy” so it was a unique opportunity to present the Digitex model to a new audience.

Adam started off by introducing himself with reference to his own background, coming from the trading pits where commissions could be the death of profitability for a scalper like him. He went on to explain how he had developed the idea of Digitex as a zero-commissions trading venue that funds itself using a proprietary token.

While he acknowledged that many of the previous attempted use cases for blockchain were tenuous at best, he demonstrated to the audience that an exchange such as Digitex represents a valuable use case for blockchain.

This utility is self-evident from the massive liquidity that the DFE is generating, even prior to the public launch date. What’s more, as Adam points out, the DFE is launching at a time when many people will be looking for new ways to make money. As a trading platform with zero fees and no house edge, Digitex is primed to take off and change the way traders trade forever.

Thanks to the team at Fintech-Aviv for the opportunity to introduce Digitex to a new audience and for hosting Adam. 

 

July 23, 2020
Crypto Industry

Watch Adam’s Keynote at Fintech-Aviv

Digitex
Fintech

We’re proud to announce that earlier this week, Adam was invited as a keynote speaker at the Capital Markets Event held by Fintech-Aviv. Introduced as “one of the most outstanding figures in the industry” by Sheldon Freedman of Hassans, a leading international law firm, it was a fantastic opportunity to introduce Digitex to leading figures in the buzzing Israeli fin-tech scene. Watch Adam’s keynote below.

Israel has more than 500 fintech firms ranging from startup to unicorns. Fintech-Aviv is their representative body as the Israeli fintech association. It regularly holds events hosting senior figures from the financial sector. As Adam himself said, he is usually “the crypto guy” so it was a unique opportunity to present the Digitex model to a new audience.

Adam started off by introducing himself with reference to his own background, coming from the trading pits where commissions could be the death of profitability for a scalper like him. He went on to explain how he had developed the idea of Digitex as a zero-commissions trading venue that funds itself using a proprietary token.

While he acknowledged that many of the previous attempted use cases for blockchain were tenuous at best, he demonstrated to the audience that an exchange such as Digitex represents a valuable use case for blockchain.

This utility is self-evident from the massive liquidity that the DFE is generating, even prior to the public launch date. What’s more, as Adam points out, the DFE is launching at a time when many people will be looking for new ways to make money. As a trading platform with zero fees and no house edge, Digitex is primed to take off and change the way traders trade forever.

Thanks to the team at Fintech-Aviv for the opportunity to introduce Digitex to a new audience and for hosting Adam. 

 

Latest News

Crypto

After Last Weeks Volatility, What’s Happening in Crypto Futures?

Crypto Industry
• Ali Martinez
June 9, 2020

Bitcoin has stabilized after a period of high volatility. Data reveals that retail investors appear to have stepped away due to the recent price action, while institutional investors are flooding the crypto derivatives market.

Bitcoin’s Wild Price Action Discourages Retail Investors

This month has been quite dramatic for the entire cryptocurrency industry, thus far.

On June 1, Bitcoin was able to slice through the $10,000 resistance level for the first time since the beginning of the year. Following the sudden upswing, the flagship cryptocurrency plummeted by more than $1,000 in less than five minutes.

Since then, Bitcoin was able to stabilize within a narrow trading range. This area is defined by the $9,500 support and $9,900 resistance level.

Bitcoin US dollar price chart
Bitcoin Consolidates After Wild Price Action. (Source: TradingView)

The wild price action seen at the beginning of the month was mostly felt on  BitMEX. Here, Bitcoin dropped to a low of $8,600, while most cryptocurrency derivatives trading platforms recorded a low of approximately $9,250.

The massive downswing resulted in the liquidation of more than $100 million worth of long and short BTC positions on BitMEX alone.

BitMEX Gets Obliterated by Bitcoin's Volatility. (Source: ICO Analytics)
BitMEX Gets Obliterated by Bitcoin’s Volatility. (Source: ICO Analytics)

Despite the erratic behavior that Bitcoin displayed, data from Skew reveals that the aggregated volume of some of the most popular retail-focused crypto derivatives exchanges in the market has leveled off.

“June is starting on a softer note from a trading activity perspective as Bitcoin remains just shy of $10,000,” said the cryptocurrency derivatives analytics provider.

Trading Activity Across Major Crypto Derivatives Exchanges Declines. (Source: Skew)
Trading Activity Across Major Crypto Derivatives Exchanges Declines. (Source: Skew)

Institutional Investors Are Flooding the Market

Meanwhile, institutional demand is skyrocketing. Fidelity Investments affirmed in a recent study that the overwhelming majority of large institutional investors own Bitcoin or derivatives.

The asset-management giant conducted a survey that covered nearly 800 investors across the U.S. and Europe. It concluded that roughly 80% of the respondents said they’re interested in this new asset class. It also discovered that over a quarter of such investors hold Bitcoin or are indirectly involved in the cryptocurrency market.

Tom Jessop, president of Fidelity Digital Assets, said that the negative interest rates in many European nations seem to have attracted a significant number of investors into the space.

“These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class,” said Jessop.

Even though price volatility was the top concern impeding wider institutional adoption, the dollar amount of outstanding contracts on the Chicago Mercantile Exchange (CME) Group reflects the rising demand among institutions.

Charles Edwards, the head of Capriole Investments, said that CME’s Bitcoin futures open interest is up by more than 300% since the beginning of 2020. Such an impressive run-up allowed the CME to take an essential share of the Bitcoin futures market.

Edwards maintains that sooner rather than later, CME may outpace the open interest volume of the once industry leader BitMEX.

CME Bitcoin Futures Open Interest Increases Steadily. (Source: Skew)
CME Bitcoin Futures Open Interest Increases Steadily. (Source: Skew)

With so much at stake, Digitex Futures Exchange is well-positioned to capture disillusioned retail traders who have, for too long, given up their fair share of profits to fee-charging exchanges. Not only can market participants benefit from our zero-commission trading platform, but our team has also put out valuable educational material that will help you become a better trader.

In our beginners’ guide, for instance, we explain the basics of how to trade crypto derivative products and give you a breakdown of the platform. We also covered different technical indexes within the Digitex Futures platform that help time profitable trades and explained simple habits to minimize potential losses.

As we increase the number of traders onboarded to the mainnet each week, liquidity is rising exponentially even before we have thousands of users on the platform. Last week, our mainnet group generated 24-hour trading volumes of over $120 million. This proves that with zero fees making scalping a viable strategy, there’s no reason to be intimidated by volatility.

Now, it is time for you to sign up and take advantage of the first exchanges in the industry that does not take a percentage of your profits.

June 9, 2020
Crypto Industry

After Last Weeks Volatility, What’s Happening in Crypto Futures?

Ali Martinez
Crypto

Bitcoin has stabilized after a period of high volatility. Data reveals that retail investors appear to have stepped away due to the recent price action, while institutional investors are flooding the crypto derivatives market.

Bitcoin’s Wild Price Action Discourages Retail Investors

This month has been quite dramatic for the entire cryptocurrency industry, thus far.

On June 1, Bitcoin was able to slice through the $10,000 resistance level for the first time since the beginning of the year. Following the sudden upswing, the flagship cryptocurrency plummeted by more than $1,000 in less than five minutes.

Since then, Bitcoin was able to stabilize within a narrow trading range. This area is defined by the $9,500 support and $9,900 resistance level.

Bitcoin US dollar price chart
Bitcoin Consolidates After Wild Price Action. (Source: TradingView)

The wild price action seen at the beginning of the month was mostly felt on  BitMEX. Here, Bitcoin dropped to a low of $8,600, while most cryptocurrency derivatives trading platforms recorded a low of approximately $9,250.

The massive downswing resulted in the liquidation of more than $100 million worth of long and short BTC positions on BitMEX alone.

BitMEX Gets Obliterated by Bitcoin's Volatility. (Source: ICO Analytics)
BitMEX Gets Obliterated by Bitcoin’s Volatility. (Source: ICO Analytics)

Despite the erratic behavior that Bitcoin displayed, data from Skew reveals that the aggregated volume of some of the most popular retail-focused crypto derivatives exchanges in the market has leveled off.

“June is starting on a softer note from a trading activity perspective as Bitcoin remains just shy of $10,000,” said the cryptocurrency derivatives analytics provider.

Trading Activity Across Major Crypto Derivatives Exchanges Declines. (Source: Skew)
Trading Activity Across Major Crypto Derivatives Exchanges Declines. (Source: Skew)

Institutional Investors Are Flooding the Market

Meanwhile, institutional demand is skyrocketing. Fidelity Investments affirmed in a recent study that the overwhelming majority of large institutional investors own Bitcoin or derivatives.

The asset-management giant conducted a survey that covered nearly 800 investors across the U.S. and Europe. It concluded that roughly 80% of the respondents said they’re interested in this new asset class. It also discovered that over a quarter of such investors hold Bitcoin or are indirectly involved in the cryptocurrency market.

Tom Jessop, president of Fidelity Digital Assets, said that the negative interest rates in many European nations seem to have attracted a significant number of investors into the space.

“These results confirm a trend we are seeing in the market towards greater interest in and acceptance of digital assets as a new investable asset class,” said Jessop.

Even though price volatility was the top concern impeding wider institutional adoption, the dollar amount of outstanding contracts on the Chicago Mercantile Exchange (CME) Group reflects the rising demand among institutions.

Charles Edwards, the head of Capriole Investments, said that CME’s Bitcoin futures open interest is up by more than 300% since the beginning of 2020. Such an impressive run-up allowed the CME to take an essential share of the Bitcoin futures market.

Edwards maintains that sooner rather than later, CME may outpace the open interest volume of the once industry leader BitMEX.

CME Bitcoin Futures Open Interest Increases Steadily. (Source: Skew)
CME Bitcoin Futures Open Interest Increases Steadily. (Source: Skew)

With so much at stake, Digitex Futures Exchange is well-positioned to capture disillusioned retail traders who have, for too long, given up their fair share of profits to fee-charging exchanges. Not only can market participants benefit from our zero-commission trading platform, but our team has also put out valuable educational material that will help you become a better trader.

In our beginners’ guide, for instance, we explain the basics of how to trade crypto derivative products and give you a breakdown of the platform. We also covered different technical indexes within the Digitex Futures platform that help time profitable trades and explained simple habits to minimize potential losses.

As we increase the number of traders onboarded to the mainnet each week, liquidity is rising exponentially even before we have thousands of users on the platform. Last week, our mainnet group generated 24-hour trading volumes of over $120 million. This proves that with zero fees making scalping a viable strategy, there’s no reason to be intimidated by volatility.

Now, it is time for you to sign up and take advantage of the first exchanges in the industry that does not take a percentage of your profits.

Latest News

The Month In Review: Analyzing The Cryptocurrency Markets For May 23

The Month In Review: Analyzing The Cryptocurrency Markets For May

Crypto Industry
• Dave Reiter
May 30, 2020

Cryptocurrencies have a reputation for being volatile but the month of May has bucked the trend, finishing up rather uneventful. Despite the “big news” of the Bitcoin halving on 11 May, the major cryptos turned in a mediocre performance for the month. Furthermore, Goldman Sachs have been causing uproar in the crypto community this week. This month’s roundup looks at recent events and what it could mean for the future of crypto. 

As you can see from the table, approximately 50% of the coins generated a positive rate of return. The remaining coins generated small losses. NEO was the leader of the pack, with a solid monthly gain of 16.3%.

The Month In Review: Analyzing The Cryptocurrency Markets For May 24

Will Cryptocurrencies Ever Become A Major Asset Class?

Firstly, what is an asset class? It is a group of financial instruments that share similar financial characteristics and behave similarly in the global marketplace. From a broad macro perspective, these financial instruments are divided between real assets and financial assets. 

Real assets consist of commodities and real estate. Financial assets consist of stocks, bonds and cash. Therefore, there are a total of five major asset classes. 

During the past few years, an increasing number of have investors have argued that cryptocurrencies should be listed as a major asset class within the realm of financial assets. Their argument is based on the fact that cryptocurrencies are playing an ever-increasing role in the global investment ecosystem. However, this week, Goldman Sachs made waves in the cryptocurrencies universe as they declared on an investor call that “cryptocurrencies are not an asset class.”

However, there are legitimate reasons why cryptocurrencies have a valid place among other asset classes. Let’s discuss the details.

Without question, the crypto universe has experienced unprecedented growth during the past decade. In terms of Bitcoin market capitalization, the rate of growth has been staggering. Take a look at the market cap of BTC from 2013 through 2020. 

Bitcoin Market Capitalization (Source: Statista):

  • Q1 2013 – $1.02 USD billion
  • Q1 2014 – $5.75 USD billion
  • Q1 2015 – $3.40 USD billion
  • Q1 2016 – $6.41 USD billion
  • Q1 2017 – $17.56 USD billion
  • Q1 2018 – $117.56 USD billion
  • Q1 2019 – $72.34 USD billion
  • Q1 2020 – $117.81 USD billion

During the past seven years, the market capitalization of Bitcoin has increased 11,450%. From a historical perspective, this represents the largest percentage move compared to any other asset class over a 7-year period. 

How does the market capitalization of cryptocurrencies compare with other major asset classes? Well, check out the following data compiled from Bloomberg, Savills PLC, Futures Industry Association and Federal Reserve System.    

Market Capitalization Of Asset Classes  

  • Global Real Estate – $228 trillion
  • Global Bond Market – $102.8 trillion
  • Global Bank Deposits (cash) – $86.5 trillion
  • Global Stock Market – $67.5 trillion
  • Global Commodities – $33.6 trillion

As you can see from the data, the market cap of Bitcoin is tiny compared to the other major asset classes. In fact, even if we include the market cap of all cryptocurrencies ($263.9 billion), the values are not even close. Cryptocurrencies are less than 1% the size of the smallest major asset class, commodities. 

Size isn’t Everything

The relative size of the crypto universe should not be the only determining factor when deciding if cryptocurrencies should be listed as a major asset class. In addition to market cap, another important factor is asset correlation. For example, do cryptos move in the same direction as the other major asset classes? A lack of correlation was one of the key arguments put forward by Goldman Sachs in the recent controversial investor call. 

Based on historical results over the course of the past decade, the answer is “No.” Cryptocurrencies have a tendency to move independently of stocks, bonds, commodities, and real estate. Asset correlation is a very important determining factor because it provides investors with the opportunity to diversify their investment portfolios. However, it’s worth bearing in mind that gold derives a large part of its value precisely because it has an inverse relationship with other asset classes. 

The Reach of Crypto is its Biggest Selling Point 

Arguably, the most important factor in determining the suitability of cryptocurrencies as a major asset class is availability. Are cryptocurrencies available to the global investment community? Can investors from all over the world buy and sell cryptocurrencies? Generally speaking, the answer is “Yes.” 

In fact, in terms of accessibility, cryptocurrencies have a longer global reach than stocks, bonds, or commodities. It’s much easier for people in developing countries to purchase cryptocurrencies in comparison to stocks, bonds, and commodities. 

Why? Because cryptocurrencies are decentralized. They are not linked to centralized exchanges or legacy financial systems. This is a huge “plus” for cryptocurrencies, as it means they’re more likely to become adopted by people in demographical groups who are traditionally excluded from investing in other asset classes.   

Recognizing cryptocurrencies as a major asset class would be incredibly bullish for Bitcoin, because it would encourage institutional investors, pension funds, family offices, and endowments to become crypto investors. 

For the most part, institutional money has remained on the sidelines in regard to cryptocurrencies. Large institutional investors and high net worth individuals have basically ignored Bitcoin and other cryptocurrencies as a legitimate investment vehicle. But the attitude of the global investment community will completely change if cryptocurrencies are classified as a major asset class. 

Based on the continued growth rate of Bitcoin and other cryptocurrencies, it’s surely only a matter of time before Goldman Sachs is proved wrong, and digital assets take their place among other major asset classes.      

Driving Demand is Key to Growth       

If, and when, the global investment community decides to stop resisting the growth of cryptocurrencies, Digitex will be ready. We’re continuing to onboard new traders to our state-of-the art, zero-fee trading platform. 

But this is just the beginning of the Digitex journey. We’re committed to developing the markets, features, and liquidity of our exchange, but more importantly, to driving demand for the DGTX token. The greater the demand, the bigger the value, and the better the chances that cryptocurrencies will receive the recognition they deserve from the global investment community. 

 

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

 

 

 

 

May 30, 2020
Crypto Industry

The Month In Review: Analyzing The Cryptocurrency Markets For May

Dave Reiter
The Month In Review: Analyzing The Cryptocurrency Markets For May 25

Cryptocurrencies have a reputation for being volatile but the month of May has bucked the trend, finishing up rather uneventful. Despite the “big news” of the Bitcoin halving on 11 May, the major cryptos turned in a mediocre performance for the month. Furthermore, Goldman Sachs have been causing uproar in the crypto community this week. This month’s roundup looks at recent events and what it could mean for the future of crypto. 

As you can see from the table, approximately 50% of the coins generated a positive rate of return. The remaining coins generated small losses. NEO was the leader of the pack, with a solid monthly gain of 16.3%.

The Month In Review: Analyzing The Cryptocurrency Markets For May 26

Will Cryptocurrencies Ever Become A Major Asset Class?

Firstly, what is an asset class? It is a group of financial instruments that share similar financial characteristics and behave similarly in the global marketplace. From a broad macro perspective, these financial instruments are divided between real assets and financial assets. 

Real assets consist of commodities and real estate. Financial assets consist of stocks, bonds and cash. Therefore, there are a total of five major asset classes. 

During the past few years, an increasing number of have investors have argued that cryptocurrencies should be listed as a major asset class within the realm of financial assets. Their argument is based on the fact that cryptocurrencies are playing an ever-increasing role in the global investment ecosystem. However, this week, Goldman Sachs made waves in the cryptocurrencies universe as they declared on an investor call that “cryptocurrencies are not an asset class.”

However, there are legitimate reasons why cryptocurrencies have a valid place among other asset classes. Let’s discuss the details.

Without question, the crypto universe has experienced unprecedented growth during the past decade. In terms of Bitcoin market capitalization, the rate of growth has been staggering. Take a look at the market cap of BTC from 2013 through 2020. 

Bitcoin Market Capitalization (Source: Statista):

  • Q1 2013 – $1.02 USD billion
  • Q1 2014 – $5.75 USD billion
  • Q1 2015 – $3.40 USD billion
  • Q1 2016 – $6.41 USD billion
  • Q1 2017 – $17.56 USD billion
  • Q1 2018 – $117.56 USD billion
  • Q1 2019 – $72.34 USD billion
  • Q1 2020 – $117.81 USD billion

During the past seven years, the market capitalization of Bitcoin has increased 11,450%. From a historical perspective, this represents the largest percentage move compared to any other asset class over a 7-year period. 

How does the market capitalization of cryptocurrencies compare with other major asset classes? Well, check out the following data compiled from Bloomberg, Savills PLC, Futures Industry Association and Federal Reserve System.    

Market Capitalization Of Asset Classes  

  • Global Real Estate – $228 trillion
  • Global Bond Market – $102.8 trillion
  • Global Bank Deposits (cash) – $86.5 trillion
  • Global Stock Market – $67.5 trillion
  • Global Commodities – $33.6 trillion

As you can see from the data, the market cap of Bitcoin is tiny compared to the other major asset classes. In fact, even if we include the market cap of all cryptocurrencies ($263.9 billion), the values are not even close. Cryptocurrencies are less than 1% the size of the smallest major asset class, commodities. 

Size isn’t Everything

The relative size of the crypto universe should not be the only determining factor when deciding if cryptocurrencies should be listed as a major asset class. In addition to market cap, another important factor is asset correlation. For example, do cryptos move in the same direction as the other major asset classes? A lack of correlation was one of the key arguments put forward by Goldman Sachs in the recent controversial investor call. 

Based on historical results over the course of the past decade, the answer is “No.” Cryptocurrencies have a tendency to move independently of stocks, bonds, commodities, and real estate. Asset correlation is a very important determining factor because it provides investors with the opportunity to diversify their investment portfolios. However, it’s worth bearing in mind that gold derives a large part of its value precisely because it has an inverse relationship with other asset classes. 

The Reach of Crypto is its Biggest Selling Point 

Arguably, the most important factor in determining the suitability of cryptocurrencies as a major asset class is availability. Are cryptocurrencies available to the global investment community? Can investors from all over the world buy and sell cryptocurrencies? Generally speaking, the answer is “Yes.” 

In fact, in terms of accessibility, cryptocurrencies have a longer global reach than stocks, bonds, or commodities. It’s much easier for people in developing countries to purchase cryptocurrencies in comparison to stocks, bonds, and commodities. 

Why? Because cryptocurrencies are decentralized. They are not linked to centralized exchanges or legacy financial systems. This is a huge “plus” for cryptocurrencies, as it means they’re more likely to become adopted by people in demographical groups who are traditionally excluded from investing in other asset classes.   

Recognizing cryptocurrencies as a major asset class would be incredibly bullish for Bitcoin, because it would encourage institutional investors, pension funds, family offices, and endowments to become crypto investors. 

For the most part, institutional money has remained on the sidelines in regard to cryptocurrencies. Large institutional investors and high net worth individuals have basically ignored Bitcoin and other cryptocurrencies as a legitimate investment vehicle. But the attitude of the global investment community will completely change if cryptocurrencies are classified as a major asset class. 

Based on the continued growth rate of Bitcoin and other cryptocurrencies, it’s surely only a matter of time before Goldman Sachs is proved wrong, and digital assets take their place among other major asset classes.      

Driving Demand is Key to Growth       

If, and when, the global investment community decides to stop resisting the growth of cryptocurrencies, Digitex will be ready. We’re continuing to onboard new traders to our state-of-the art, zero-fee trading platform. 

But this is just the beginning of the Digitex journey. We’re committed to developing the markets, features, and liquidity of our exchange, but more importantly, to driving demand for the DGTX token. The greater the demand, the bigger the value, and the better the chances that cryptocurrencies will receive the recognition they deserve from the global investment community. 

 

Digitex Futures writers and/or guest authors may or may not have a vested interest in the Digitex Futures project and/or other businesses mentioned throughout the site. None of the content on Digitex Futures is investment advice nor is it a replacement for advice from a certified financial planner.

 

 

 

 

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