Within hours of the successful switch of the DGTX token to the ERC20 standard, we’re pleased to announce that DGTX has been listed on Uniswap, the world’s largest decentralized exchange. With more than 1,100 coins and some 3,000 pairs, Uniswap is also currently the largest DeFi protocol with $2.7 billion of locked-in value, some 24.20% of all protocols combined.
Uniswap has shot up in popularity lately not only because it gives emerging cryptocurrency projects a chance by providing free listings, but also thanks to the latest DeFi craze of liquidity mining, in which users can make huge gains by staking their tokens and providing liquidity.
On Uniswap, users provide liquidity through a process called pooling in which they deposit (lock-in) cryptocurrencies in the liquidity pool to earn a share of the fees paid out in trading. Unlike on other DEXs that often suffer from a lack of liquidity, on Uniswap, pools are created using 50% ETH and 50% of the selected token to ensure liquidity is maintained.
With Uniswap’s rising growth and userbase, DGTX has the perfect opportunity to reach a new audience of different users. And we already have an exciting staking program in the works that will incentivize people to add liquidity to the DGTX/ETH market. We’ll be sharing all the details soon… So, stay tuned as it’s going to be big!
We’re excited to partner with Uniswap and look forward to exploring further possibilities in the realm of liquidity mining and staking! We’ll also be listing on more up-and-coming DEXs as well to get more eyeballs on the DGTX token and expand our userbase. You can access the DGTXETH market here.
A Recap on the ERC20 Switch
Yesterday, we let you know that the Digitex and KuCoin teams had successfully conducted the switch from the ERC23 standard to ERC20. By doing this not only are we now able to get DGTX listed on DEXs but we were also able to reimburse the users affected by the KuCoin hack.
The switch went off without a hitch, all exchanges participated with the swap, and your new tokens will appear in your hardware wallet without you having to do anything, although it may take some time for the new DGTX to be shown in Ledger Live. For those of you anxious to access your DGTX right now, please contact our live support or Telegram admins, who can walk you through the process using the MyCrypto wallet.
Deposits and withdrawals are now available on KuCoin so you can resume trading there now and the community has responded extremely well to the swap as you can see from the screenshots below taken from our lively Telegram chat.
In summary, we’re so pleased to have finally been able to switch over to ERC20 and to reimburse the DGTX holders affected by the KuCoin hack. We also believe that being on Uniswap will be a very bullish move for DGTX and could even open up some more possibilities for token holders.