Digitex 2.0 Is Not An Exchange 1

Digitex 2.0 Is Not An Exchange

Digitex
• Adam Todd
May 6, 2022

The utility of the DGTX token is currently the native currency of the Digitex exchange in which all futures contracts are denominated. Traders buy and sell Bitcoin or Ether futures contracts but their profits and losses and required margins are denominated in DGTX. Traders pay zero trading fees and the exchange generates revenues by minting and selling DGTX. 

This revenue model was first proposed in the original Digitex whitepaper written in December 2017. No other exchange has this revenue model and it was always an experimental idea that may or may not work. The critical ingredient needed for this model to work is high demand from lots of traders which offsets the increased supply produced by minting.

The Digitex exchange is online 24/7 and has some active users. But after multiple successful marketing campaigns and a few rebrands we have failed to attract and retain the numbers of traders needed to create enough demand for DGTX to offset the inflationary effects of minting. We are following our stated revenue model but with each mint the price of DGTX drops. 

Maybe it could have worked under different management but maybe not, this was always an experimental idea. There are maybe 5 or 10 profitable cryptocurrency exchanges amongst over 1000 exchanges, it’s a very saturated market that requires a lot of money for liquidity, marketing and development. The vast majority of smaller exchanges are fighting over the scraps left by the big ones. After over 4 years of trying to make this revenue model work, we have to accept that it’s not viable to keep the Digitex exchange online.

But this doesn’t mean the end of Digitex or the DGTX token. Quite the opposite in fact. Closing down the exchange will finally liberate us from beating a dead horse and allow us to move forwards with creating a new utility for DGTX. Digitex’s measure of success is not whether we have an exchange, it is how much demand we can create for DGTX. 

It’s time for Digitex to pivot. And the good news is that I realized this last year and have already built a new product in a completely different vertical that is much less saturated than the exchange business and much easier to develop and to attract and retain users. The product that will save the DGTX token is Blockster.com.

  • Blockster is already online and has a full time professional team running it and marketing it. 
  • Blockster is owned and controlled by Blockster Holdings Ltd, a Gibraltar based holding company that also owns Digitex Ltd, and Blockster was originally developed to create demand for DGTX.
  • DGTX stakers will earn very generous rewards derived from equity sales of Blockster Holdings Ltd to investors. 
  • A portion of the proceeds from equity sales of Blockster Holdings Ltd will also be used to buy back DGTX tokens.
  • To date I have raised over $3 million dollars by selling 12% equity of Blockster Holdings Ltd to seed investors in the UK and Dubai, and I’m about to raise a lot more in the coming months and years.

So what is Blockster.com?

Blockster is a crypto lifestyle magazine that tells the most interesting stories in crypto. At the intersection of popular culture and crypto, Blockster will produce multimedia content about how the mainstream premium brands and celebrities are bringing fashion, music and art to the world of gaming, metaverse, NFTs and cryptocurrency. Blockster will also seek out the seedy underbelly of crypto and report on the edgy and controversial. It’s time to make crypto interesting and sexy. 

Next month Blockster will launch our exclusive members only club that promotes and powers the crypto lifestyle. Blockster members will receive access to special content, exclusive invites to metaverse and in-person events, huge token airdrop giveaways and our premium high-end print magazine every quarter all about the crypto lifestyle. Development of our mobile app by a leading mobile app development company in New York starts in the summer. 

Blockster will take crypto to the masses and will become a high-traffic destination that makes money from advertising, ecommerce, affiliate marketing and membership subscriptions. Revenues in the metaverse are projected to reach $800 BILLION in 2024, according to Bloomberg Intelligence, and Blockster will be a dominant player in the highly lucrative world of crypto and NFT content marketing.

Over the next month on the Digitex blog I’ll be sharing with you Blockster’s pitch deck for investors, business plan, financial projections model and creative brief. You can judge for yourself how valuable the brand is now and how valuable it will become.

Digitex 2.0 is not an exchange. The new Digitex 2.0 website will have constantly up-to-date investment materials and information about significant developments at Blockster. It will also track equity sales of Blockster Holdings Ltd, the holding company that owns Digitex and Blockster, and sales of DGTX and BXR, Blockster’s native token. A portion of funds raised will be used to reward DGTX and BXR stakers, buy back DGTX and BXR tokens and list DGTX and BXR on new exchanges. Doing this increases the value of DGTX and BXR which ultimately benefits the equity buyers of Blockster Holdings Ltd. A portion of Blockster’s advertising revenues will also be used to reward BXR stakers and buy back and burn BXR tokens. 

Just like Digitex, the road to developing the Blockster product and brand was not an easy one. It started out as a crypto social platform and over the last year has morphed and changed directions as we experimented with various different angles and concepts trying to figure out exactly what works and what doesn’t work. After a year of testing and trial and error we discovered that by far the best performing aspect of Blockster was the lifestyle related content, which was great because content is much easier to develop and maintain than a full fledged social platform. I’ve learnt to avoid complex software development projects.

So Blockster recently pivoted from being a social media platform to being a crypto lifestyle magazine and membership club and mobile app. The new website looks awesome, the branding is really coming along nicely and we are hiring new writers, editors, photographers, designers and investigative journalists to turn Blockster into a premium, edgy crypto lifestyle brand.

Our talented Blockster team is based in Miami, and you’ll find the team networking at all the cool crypto events that happen almost every night of the week here in the crypto capital of the world. We’re going to dominate Miami and from that stronghold we will take over. We did our own afterparty for the Bitcoin22 conference last month which was a huge success – the rapper Cassius Cuvee was there and mentioned Blockster in his latest rap song 🙂 Our network is growing fast and we have some exciting partnerships lined up with premium brands, celebrities and a well known production studio, all of whom are getting into the metaverse and NFTs in a big way. The excitement amongst the team is electric as we prepare to officially launch Blockster to the world at our exclusive Blockster launch party that will coincide with the first edition of our digital and print magazine in July. 

Blockster is a billion dollar brand just waiting to happen, and DGTX token holders will directly benefit from Blockster’s success. I’ll keep writing regular blog posts on the Digitex blog to keep you up to date with your investment’s progress. As a DGTX token holder I want you to feel ownership of Blockster and to support it however you can, because you did actually pay for its development. So it’s only fair that you will directly benefit from its success. 

The recent minting of DGTX tokens helped to fund the ongoing development and marketing costs of creating Blockster and some minting will continue until revenues and equity sales can take over. That’s basically the new utility of DGTX – it allows me to raise funds now which are then invested and paid back later with considerable interest in the form of staking rewards and token buybacks. Successful investments will drive the DGTX price higher and unsuccessful ones will depress the price. Right now our only investment is Blockster but in the future Digitex could fund many different crypto and web3 startups using the same model.

May 6, 2022
Digitex

Digitex 2.0 Is Not An Exchange

Adam Todd
Digitex 2.0 Is Not An Exchange 2

The utility of the DGTX token is currently the native currency of the Digitex exchange in which all futures contracts are denominated. Traders buy and sell Bitcoin or Ether futures contracts but their profits and losses and required margins are denominated in DGTX. Traders pay zero trading fees and the exchange generates revenues by minting and selling DGTX. 

This revenue model was first proposed in the original Digitex whitepaper written in December 2017. No other exchange has this revenue model and it was always an experimental idea that may or may not work. The critical ingredient needed for this model to work is high demand from lots of traders which offsets the increased supply produced by minting.

The Digitex exchange is online 24/7 and has some active users. But after multiple successful marketing campaigns and a few rebrands we have failed to attract and retain the numbers of traders needed to create enough demand for DGTX to offset the inflationary effects of minting. We are following our stated revenue model but with each mint the price of DGTX drops. 

Maybe it could have worked under different management but maybe not, this was always an experimental idea. There are maybe 5 or 10 profitable cryptocurrency exchanges amongst over 1000 exchanges, it’s a very saturated market that requires a lot of money for liquidity, marketing and development. The vast majority of smaller exchanges are fighting over the scraps left by the big ones. After over 4 years of trying to make this revenue model work, we have to accept that it’s not viable to keep the Digitex exchange online.

But this doesn’t mean the end of Digitex or the DGTX token. Quite the opposite in fact. Closing down the exchange will finally liberate us from beating a dead horse and allow us to move forwards with creating a new utility for DGTX. Digitex’s measure of success is not whether we have an exchange, it is how much demand we can create for DGTX. 

It’s time for Digitex to pivot. And the good news is that I realized this last year and have already built a new product in a completely different vertical that is much less saturated than the exchange business and much easier to develop and to attract and retain users. The product that will save the DGTX token is Blockster.com.

  • Blockster is already online and has a full time professional team running it and marketing it. 
  • Blockster is owned and controlled by Blockster Holdings Ltd, a Gibraltar based holding company that also owns Digitex Ltd, and Blockster was originally developed to create demand for DGTX.
  • DGTX stakers will earn very generous rewards derived from equity sales of Blockster Holdings Ltd to investors. 
  • A portion of the proceeds from equity sales of Blockster Holdings Ltd will also be used to buy back DGTX tokens.
  • To date I have raised over $3 million dollars by selling 12% equity of Blockster Holdings Ltd to seed investors in the UK and Dubai, and I’m about to raise a lot more in the coming months and years.

So what is Blockster.com?

Blockster is a crypto lifestyle magazine that tells the most interesting stories in crypto. At the intersection of popular culture and crypto, Blockster will produce multimedia content about how the mainstream premium brands and celebrities are bringing fashion, music and art to the world of gaming, metaverse, NFTs and cryptocurrency. Blockster will also seek out the seedy underbelly of crypto and report on the edgy and controversial. It’s time to make crypto interesting and sexy. 

Next month Blockster will launch our exclusive members only club that promotes and powers the crypto lifestyle. Blockster members will receive access to special content, exclusive invites to metaverse and in-person events, huge token airdrop giveaways and our premium high-end print magazine every quarter all about the crypto lifestyle. Development of our mobile app by a leading mobile app development company in New York starts in the summer. 

Blockster will take crypto to the masses and will become a high-traffic destination that makes money from advertising, ecommerce, affiliate marketing and membership subscriptions. Revenues in the metaverse are projected to reach $800 BILLION in 2024, according to Bloomberg Intelligence, and Blockster will be a dominant player in the highly lucrative world of crypto and NFT content marketing.

Over the next month on the Digitex blog I’ll be sharing with you Blockster’s pitch deck for investors, business plan, financial projections model and creative brief. You can judge for yourself how valuable the brand is now and how valuable it will become.

Digitex 2.0 is not an exchange. The new Digitex 2.0 website will have constantly up-to-date investment materials and information about significant developments at Blockster. It will also track equity sales of Blockster Holdings Ltd, the holding company that owns Digitex and Blockster, and sales of DGTX and BXR, Blockster’s native token. A portion of funds raised will be used to reward DGTX and BXR stakers, buy back DGTX and BXR tokens and list DGTX and BXR on new exchanges. Doing this increases the value of DGTX and BXR which ultimately benefits the equity buyers of Blockster Holdings Ltd. A portion of Blockster’s advertising revenues will also be used to reward BXR stakers and buy back and burn BXR tokens. 

Just like Digitex, the road to developing the Blockster product and brand was not an easy one. It started out as a crypto social platform and over the last year has morphed and changed directions as we experimented with various different angles and concepts trying to figure out exactly what works and what doesn’t work. After a year of testing and trial and error we discovered that by far the best performing aspect of Blockster was the lifestyle related content, which was great because content is much easier to develop and maintain than a full fledged social platform. I’ve learnt to avoid complex software development projects.

So Blockster recently pivoted from being a social media platform to being a crypto lifestyle magazine and membership club and mobile app. The new website looks awesome, the branding is really coming along nicely and we are hiring new writers, editors, photographers, designers and investigative journalists to turn Blockster into a premium, edgy crypto lifestyle brand.

Our talented Blockster team is based in Miami, and you’ll find the team networking at all the cool crypto events that happen almost every night of the week here in the crypto capital of the world. We’re going to dominate Miami and from that stronghold we will take over. We did our own afterparty for the Bitcoin22 conference last month which was a huge success – the rapper Cassius Cuvee was there and mentioned Blockster in his latest rap song 🙂 Our network is growing fast and we have some exciting partnerships lined up with premium brands, celebrities and a well known production studio, all of whom are getting into the metaverse and NFTs in a big way. The excitement amongst the team is electric as we prepare to officially launch Blockster to the world at our exclusive Blockster launch party that will coincide with the first edition of our digital and print magazine in July. 

Blockster is a billion dollar brand just waiting to happen, and DGTX token holders will directly benefit from Blockster’s success. I’ll keep writing regular blog posts on the Digitex blog to keep you up to date with your investment’s progress. As a DGTX token holder I want you to feel ownership of Blockster and to support it however you can, because you did actually pay for its development. So it’s only fair that you will directly benefit from its success. 

The recent minting of DGTX tokens helped to fund the ongoing development and marketing costs of creating Blockster and some minting will continue until revenues and equity sales can take over. That’s basically the new utility of DGTX – it allows me to raise funds now which are then invested and paid back later with considerable interest in the form of staking rewards and token buybacks. Successful investments will drive the DGTX price higher and unsuccessful ones will depress the price. Right now our only investment is Blockster but in the future Digitex could fund many different crypto and web3 startups using the same model.

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