We have some very exciting news to share with you today which we hope you’ll love as much as we do. Starting this Friday, Digitex users can earn rewards in different cryptocurrencies by staking DGTX through our new yield farming program, Blockfarm, built within the Digitex platform. We’re kicking off the program with just one cryptocurrency—ETH—but we’ll be adding more as they get listed on our spot markets.
Through Blockfarm, it’s easy to earn a passive income on your stash rather than letting your tokens sit in a hardware wallet. And, since the majority of our users prefer spot trading and earning rewards on their crypto to trading futures, Blockfarm provides the perfect way for them to take advantage of accumulating rewards and making their money work for them.
If you want to get ahead now, you can prestake by completing the simple KYC check on the Blockfarm platform and securing your place in the queue.
Stake DGTX and Earn Attractive ETH Rewards
With ETH on such a tear right now, many of you are making a lot of gains. But if you want to stake your ETH to earn ETH rewards on other platforms, you’ll have to lock it up for a long period of time while we wait for the eventual arrival of ETH 2.0.
By using Blockfarm, users can stake and unstake their DGTX at any time and earn ETH rewards with competitive APYs. That creates a double win for our users as they earn on ETH’s rapidly climbing price–and accumulate rewards as well.
Another really great feature of Blockfarm is its simplicity. Unlike many DeFi protocols that are cumbersome, complex, and difficult to interact with, it couldn’t be easier to stake your DGTX to earn rewards. Simply create an account on Digitex, purchase DGTX commission-fee on our spot markets and deposit it into your main account, complete a quick KYC check on the Blockfarm platform, and then transfer your DGTX to it.
Keep in mind that the APY will vary depending on how many users take part. But, for some reference, we have been running a successful yield farming program via Uniswap for around six months, and the APY there ranges between 35% and 150%.
The First of Many Cryptos to Come
“The ETH staking program will be the first of many to follow as more cryptocurrencies are added to the exchange,” Adam explains. “Blockfarm is designed to build value for Digitex users… therefore, as new cryptocurrencies begin to list on our zero-fee exchange, users will also be able to earn rewards in those currencies through our Blockfarm platform.”
To celebrate the launch of Blockfarm, participants can collectively earn a massive $50,000 worth of ETH in the first 30 days. So there really couldn’t be a better way to put your DGTX to use and earn rewards back in the hottest altcoin out there right now.
We’re thrilled to provide more utility for the DGTX token and drive demand for our long-term holders. As more yield farming programs get added to Blockfarm, the more demand will be driven to DGTX.
We hope that you will take advantage of this awesome new initiative and let us know your feedback as we’d love to hear what you think. As ever, simply hit us up on our socials or contact our customer support. Happy staking!