The first month of Q2 is coming to an end already and it’s been a year of positive growth for Digitex so far. We’ve built out our team, released some key improvements to the UI and functionality of the exchange, launched our popular Liquidity Mining program that pays you to trade, and rolled out our commission-free spot markets with six trading pairs. Find out what else we’ve been doing and what you can expect from the rest of the quarter here.
Improvements to the Spot Markets
We’re super excited about the launch of the Digitex spot markets. It marks a huge milestone for us as an exchange, making it far easier to buy and sell DGTX and onboard new users, who no longer have to go to a third-party to convert their crypto.
Digitex.io also provides an optimized experience for traders on the exchange who can now trade between futures and spot cryptocurrencies with easy navigation all from one universal wallet. And they can quickly convert their DGTX to stablecoin USDC if they wish to avoid DGTX volatility.
On top of that, we’re still the only exchange to offer users no fees of any kind. This includes withdrawal fees that every other fee-charging exchange on the market extracts from their users. This means that you can place as many transactions as you want with us and withdraw your funds keeping 100% of your profit. It’s your hard-earned money, you shouldn’t have to watch it being chipped away at by percentages, fees, and rent-seeking intermediaries.
We’re just getting started with our spot markets as well, and are continuously testing and improving the overall user experience so that, in the coming months, we can start to actively list popular trending tokens. This will not only benefit our community members who want to trade their favorite cryptos zero-fee but it will open Digitex up to many new cryptocurrency users as well. Watch out for our first listing coming this quarter.
Also, keep in mind that all new markets will provide liquidity mining rewards to users to build liquidity and keep the spreads tight, and the cryptocurrency projects will be able to pay liquidity mining rewards in their own token (not DGTX). As the only exchange to use a trading ladder interface on our futures markets, we will also be bringing users the same experience trading spot. They will soon be able to choose from a one-click trading ladder interface or a traditional layout.
We kicked off our marketing campaign this month and we’re actively promoting across dozens of channels in partnership with many popular influencers. We’re pleased to say that this is really paying off and we’re getting a healthy amount of new users registering to the exchange this month.
In fact, we currently have over 3,500 new users in the last two weeks from different countries all over the world. We’re actively getting around 150 to 300+ new users registering daily, which is a good sign of stable growth and reflects the efforts that we’re putting in.
Keep in mind, DGTX is designed as a utility token for zero-fee trading, so our primary efforts are focused on getting new users to the exchange – and getting them to trade or stake DGTX.
Yield Farming Program
Talking of staking, in addition to actively getting new users and working on new listings for the spot markets, we have a yield farming program coming out next month. We think that this is going to be really popular among DGTX HODLers and new users as it’s designed for other cryptocurrencies listed on the Digitex exchange. Users will be able to stake DGTX to earn back cryptocurrencies partnered with our exchange. As more and more cryptocurrencies list on our spot market and put tokens into our yield farming program, demand for DGTX will therefore steadily increase.
With the whole phenomenon of yield farming gaining so much traction, it’s clear that crypto participants want to make their money work for them and earn a passive income on their funds. With our yield farming program, they will be able to easily buy DGTX and deposit it to earn passive income at attractive rates. We’ll be releasing more details on this soon.
Growing the Team
As well as actively working to market our existing products and introduce new features to create more new demand for DGTX and new users to the exchange, we’ve been actively growing our team. We’re now 50-person strong here in Kyiv alone! Made up of developers, creatives, and marketers – and we also have plenty of other talented contributors dotted around the globe.
As always, we appreciate your ongoing support. We’ve made really great progress this year and there is still so much more to come. A big thank you from the Digitex team here at the Kyiv HQ and stay tuned for the next releases coming soon.