First of all, we’d like to thank you all for your patience over recent weeks. We really needed this time to regroup, come together, and thrash out a solid plan for our path forward. So, that may have meant being a little quieter than usual but it’s paid off because we’re ready to share the next steps with you.
We’re confident about the road ahead which will lead us to a new and improved iteration of the exchange in the shortest timeframe possible. It’s less ambitious than originally planned but this is on purpose to ensure that we deliver real results and functionality – before we begin to build more from here.
Upgrading the Digitex Exchange
Keeping this in mind, we have already started to get to work on delivering key upgrades that will give the exchange a wider appeal. Here is what you can expect to see coming soon to the Digitex exchange:
- A streamlined onboarding process for new users
- 3 new spot markets enabling even more routes for buying and selling DGTX
- Rewards system for market makers adding liquidity to the exchange
- Credit card purchases of DGTX tokens
- Instant conversions of multiple cryptocurrencies into DGTX
- New and improved user interface and navigation
All these improved functions and additional features are easily in reach and will 10x the user experience on the exchange. Making DGTX available with a credit card will also help the user onboarding process, as will spot markets making buying DGTX easier than ever.
The Social Platform
In parallel to the exchange upgrades, we have also been working on the social platform since early 2020. As you are aware, this went live in a beta version in December, and we’re pleased to say that we’re already making progress with a significant number of legitimate users signing up and using the platform to connect with others. We are encouraged by this and continue to focus on improving the platform.
Mobile connectivity will be a significant growth enabler, given how many people prefer social networking on their phones. So we are currently working on mobile apps for both Android and iOS, which will be released later this year and we plan to continue growing and nurturing the user base over 2021.
Much of the development groundwork for the exchange and social platform has already been completed. However, both need a few months of bug and traffic testing before they will be ready for active marketing. We’ll be providing you with updates as soon as they are completely ready to ship.
Based on expert advice, we’ve had to make the difficult decision not to proceed with launching DUSD. We know that this will be disappointing to many of you, however, the reason for this is due to the evolving regulatory landscape around stablecoins and potential issues in bringing DUSD to market.
Despite this setback, we remain committed to ensuring an optimal user experience for our traders and believe that the improved onboarding and fiat gateway will attract more attention to the Digitex exchange – as will the ability to earn rewards through market making on the exchange.
Also, don’t forget that the DGTX Pool Rewards program is still live on Uniswap. We have added another 5 million DGTX to the pool this week and the APY is currently around 90% – a significant ROI.
We remain as intent as ever to make the Digitex exchange a success and restore value to the DGTX token. Now that we have a clear path forward and can focus on the fundamental tasks ahead, we can begin to do this. If you have any questions, please let us know through the usual channels or contact us via our 24/7 Live Chat.