Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 1

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program

Digitex Futures
• Digitex
March 23, 2021

In our blog post from yesterday, we revealed some of the latest upgrades we’ve made to the Digitex exchange. We also promised you a more in-depth look at how our new liquidity mining program works. So, in today’s post, we provide you further details on the mechanics of the program, show you why it’s a game-changer, and how you can literally get paid to trade on our platform–in addition to your own gains, of course.

Liquidity Mining on Digitex

Liquidity Mining on the exchange allows traders to accumulate rewards constantly for lending liquidity to the markets on Digitex. In other words, you get paid to trade. All traders will be included in the program simply by virtue of trading on the exchange. Every minute, at a random time, our system takes a snapshot of the order book and pays out proportional rewards depending on how close your unmatched orders are to the spot price at the time. 

Rewards are credited in DGTX tokens every minute to your DGTX trading wallet on your DFE account. Everything is easily trackable (and transparent) in your Liquidity Mining dashboard, which shows the total rewards paid out, your individual rewards, and a leaderboard of the traders who have earned the most (shown below). 

For more in-depth details on how LM works on Digitex, please click here to see the formulae we use to calculate the rewards. Click here to learn how to program your bot and connect to our API.

The Digitex Liquidity Mining Leaderboard

This leaderboard displays our top 10 liquidity providers. As you can see from the screenshot, our top traders already made $1,900 worth of DGTX tokens in less then 24 hours–on top of the commission-free gains you’re already making trading on the platform.

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 2

This means that 70 DGTX is paid out every minute to each futures market—a total of 140 DGTX per minute for both futures markets (BTCUSD and ETHUSD). If every price level were filled, then the entire 140 DGTX per minute will be paid out. 

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 3

At the time of writing this article, the 24-hour trading volume on the exchange is $88 million on the BTCUSD market and $28 million on the ETHUSD market. And we’re confident that both these numbers will go up as more traders take advantage of the generous rewards they can make through this program. 

In fact, Digitex’s CEO, Adam Todd, commented, “The Liquidity Mining program on Digitex effectively acts as negative commission rates. In less than 24 hours after launching it, you can see the bid-ask spread tighten and the traded volumes have increased.” He added that we will continue to work on the program to ensure that we increase awareness for it. 

Wrapping It Up

We designed the Liquidity Mining program to be easy to use and understand. But, if you’re one of the traders who’s started to use this, please be sure to let us know if you have any suggestions or if we can improve the overall UX.

We’re always willing to listen to your feedback to help us improve. We hope you like our latest initiative and, if you haven’t checked it out yet, what are you waiting for? Start trading now on the only exchange that rewards you while you trade.

March 23, 2021
Digitex Futures

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program

Digitex
Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 4

In our blog post from yesterday, we revealed some of the latest upgrades we’ve made to the Digitex exchange. We also promised you a more in-depth look at how our new liquidity mining program works. So, in today’s post, we provide you further details on the mechanics of the program, show you why it’s a game-changer, and how you can literally get paid to trade on our platform–in addition to your own gains, of course.

Liquidity Mining on Digitex

Liquidity Mining on the exchange allows traders to accumulate rewards constantly for lending liquidity to the markets on Digitex. In other words, you get paid to trade. All traders will be included in the program simply by virtue of trading on the exchange. Every minute, at a random time, our system takes a snapshot of the order book and pays out proportional rewards depending on how close your unmatched orders are to the spot price at the time. 

Rewards are credited in DGTX tokens every minute to your DGTX trading wallet on your DFE account. Everything is easily trackable (and transparent) in your Liquidity Mining dashboard, which shows the total rewards paid out, your individual rewards, and a leaderboard of the traders who have earned the most (shown below). 

For more in-depth details on how LM works on Digitex, please click here to see the formulae we use to calculate the rewards. Click here to learn how to program your bot and connect to our API.

The Digitex Liquidity Mining Leaderboard

This leaderboard displays our top 10 liquidity providers. As you can see from the screenshot, our top traders already made $1,900 worth of DGTX tokens in less then 24 hours–on top of the commission-free gains you’re already making trading on the platform.

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 5

This means that 70 DGTX is paid out every minute to each futures market—a total of 140 DGTX per minute for both futures markets (BTCUSD and ETHUSD). If every price level were filled, then the entire 140 DGTX per minute will be paid out. 

Get Paid to Trade — Earn DGTX Tokens with Our New Liquidity Mining Program 6

At the time of writing this article, the 24-hour trading volume on the exchange is $88 million on the BTCUSD market and $28 million on the ETHUSD market. And we’re confident that both these numbers will go up as more traders take advantage of the generous rewards they can make through this program. 

In fact, Digitex’s CEO, Adam Todd, commented, “The Liquidity Mining program on Digitex effectively acts as negative commission rates. In less than 24 hours after launching it, you can see the bid-ask spread tighten and the traded volumes have increased.” He added that we will continue to work on the program to ensure that we increase awareness for it. 

Wrapping It Up

We designed the Liquidity Mining program to be easy to use and understand. But, if you’re one of the traders who’s started to use this, please be sure to let us know if you have any suggestions or if we can improve the overall UX.

We’re always willing to listen to your feedback to help us improve. We hope you like our latest initiative and, if you haven’t checked it out yet, what are you waiting for? Start trading now on the only exchange that rewards you while you trade.

Latest News