digitex

3 Million $DGTX Pool Rewards This Month on Digitex – Earn Passive Income for Lending Liquidity on Uniswap

Digitex
• Digitex
June 10, 2021

Day trading is not the only way of earning income from crypto. An investor can explore other avenues such as pool rewards. It is becoming highly popular although it is riskier than normal trading. However, its returns are more attractive.

Digitex has updated its pool rewards program this month where it will be adding 3 million $DGTX which is worth around $27k to the Uniswap pool rewards program.

To understand what pool rewards is and how you can tap into its potential, this guide is for you.

What is Yield Farming

Yield farming is an earning strategy in the DeFi sector that allows users to earn interest from their crypto holdings. The interest earned is in the form of cryptocurrencies. However, yield farming is different from crypto lending.

Crypto lending offers more security to the lender, unlike yield farming. The latter involves multiple digital assets and mechanisms on several platforms and protocols to allow the lender to increase their earnings.

An example of Pool Rewards 

The technical aspects of pool rewards can be difficult to understand, but the below example can help you grasp the important aspects if you are a beginner.

Let’s suppose that you deposit ether tokens through MakerDAO (Oasis) and receive DAI stablecoin. Later, you decide to lend the DAI stablecoin to other users through the Compound Finance lending protocol.

By lending to others, you have created liquidity, and you will receive cDAI tokens in return to show the number of coins you have given to the pool. You later decide to transfer CDAI to another protocol for staking or lending, or you could choose to borrow against your holdings.

Because of all these processes and options available in yield farming, it may be too complex and risky for a beginner trader, but it creates more avenues for earning rewards.

How can I earn Digitex Rewards through Pool Rewards on Uniswap?

If you want to maximize your crypto income through pool rewards, opt for DGTX pool rewards through Uniswap. DGTX is a native token for Digitex exchange. Digitex has updated the program and this time, three million DGTX has been added to the pool rewards program.

Going by the prices of DGTX as of writing this article, the total coins added to the pool will have a value of $27,000 in monthly rewards for supplying liquidity to the DGTX/ETH trading pair on the Uniswap exchange.

The best part is that if you provide liquidity to the pool for more than thirty days, you will receive three times more rewards for optimal earnings.

Getting started on pool rewards with Digitex 

To start getting pool rewards with DGTX, follow these easy steps:

Step 1: Go to Uniswap V2 and deposit the same amount of ETH and DGTX to offer liquidity for the trading pair.

Step 2: You will receive UNI-V2 tokens as rewards for offering liquidity. The tokens show the number of tokens you have added to the pool.

Step 3: Go to the Digitex Rewards platform, deposit UNI-V2 pool tokens for staking, and start earning a passive income.

By following the above steps, you will enjoy the full benefit of yield farming, which is maximizing passive income earned from cryptocurrency holdings.

June 10, 2021
Digitex

3 Million $DGTX Pool Rewards This Month on Digitex – Earn Passive Income for Lending Liquidity on Uniswap

Digitex
digitex

Day trading is not the only way of earning income from crypto. An investor can explore other avenues such as pool rewards. It is becoming highly popular although it is riskier than normal trading. However, its returns are more attractive.

Digitex has updated its pool rewards program this month where it will be adding 3 million $DGTX which is worth around $27k to the Uniswap pool rewards program.

To understand what pool rewards is and how you can tap into its potential, this guide is for you.

What is Yield Farming

Yield farming is an earning strategy in the DeFi sector that allows users to earn interest from their crypto holdings. The interest earned is in the form of cryptocurrencies. However, yield farming is different from crypto lending.

Crypto lending offers more security to the lender, unlike yield farming. The latter involves multiple digital assets and mechanisms on several platforms and protocols to allow the lender to increase their earnings.

An example of Pool Rewards 

The technical aspects of pool rewards can be difficult to understand, but the below example can help you grasp the important aspects if you are a beginner.

Let’s suppose that you deposit ether tokens through MakerDAO (Oasis) and receive DAI stablecoin. Later, you decide to lend the DAI stablecoin to other users through the Compound Finance lending protocol.

By lending to others, you have created liquidity, and you will receive cDAI tokens in return to show the number of coins you have given to the pool. You later decide to transfer CDAI to another protocol for staking or lending, or you could choose to borrow against your holdings.

Because of all these processes and options available in yield farming, it may be too complex and risky for a beginner trader, but it creates more avenues for earning rewards.

How can I earn Digitex Rewards through Pool Rewards on Uniswap?

If you want to maximize your crypto income through pool rewards, opt for DGTX pool rewards through Uniswap. DGTX is a native token for Digitex exchange. Digitex has updated the program and this time, three million DGTX has been added to the pool rewards program.

Going by the prices of DGTX as of writing this article, the total coins added to the pool will have a value of $27,000 in monthly rewards for supplying liquidity to the DGTX/ETH trading pair on the Uniswap exchange.

The best part is that if you provide liquidity to the pool for more than thirty days, you will receive three times more rewards for optimal earnings.

Getting started on pool rewards with Digitex 

To start getting pool rewards with DGTX, follow these easy steps:

Step 1: Go to Uniswap V2 and deposit the same amount of ETH and DGTX to offer liquidity for the trading pair.

Step 2: You will receive UNI-V2 tokens as rewards for offering liquidity. The tokens show the number of tokens you have added to the pool.

Step 3: Go to the Digitex Rewards platform, deposit UNI-V2 pool tokens for staking, and start earning a passive income.

By following the above steps, you will enjoy the full benefit of yield farming, which is maximizing passive income earned from cryptocurrency holdings.

Latest News

Community Questions About Blockfunder, DGTX, and Beyond 1

Community Questions About Blockfunder, DGTX, and Beyond

Crypto Industry
• Digitex
June 8, 2021

We’ve kicked off the Blockster (BXR) token sale and it’s off to a strong start! We’ve had positive feedback from several key influencers and a few hundred sales have come in. Track the action yourself or join in by heading to our Blockfunder page. During the first phase of the sale, BXR tokens are available for the reduced price of $1 each and purchases are accepted in DGTX only.

And while our very first IEO is taking place, as always, we’re gathering feedback from the community. Beyond our stellar trading platform and super talented team, it’s you guys we value the most. We’ve been able to expand and grow even through the toughest of circumstances thanks to your ongoing feedback and support. 

This week, your questions are answered by Digitex’s Product Owner Alexey Veledinskii (AV). He’s one of the driving forces behind the high-quality upgrades you’ve seen lately and is working closely with Adam to keep the roadmap on track. We’ll share a spotlight on AV later this month, but for now, let’s dive into your questions.

Q. Was Blockfunder the only solution mentioned in the blog to take DGTX out of circulation?

A. Blockfunder is only the first step that we will take in this direction. We understand that to create demand for DGTX, we need to add more utility for the token. We have several ideas and will deploy some of them this year (autumn will be rich for harvest).

Q. Any news about the stablecoin?

A. We can’t give any details on that right now, but we know that our traders really want stable derivatives markets and satisfying our traders is the main reason we’re all here working on Digitex.io development.

Q. Are bracket orders coming soon?

A. We are in the concept stage of refactoring Delayed Actions (Conditional orders, SL/TP) systems. We aim to deliver really easy-to-use Delayed Actions and bracket orders.

Q. Is the burning DGTX tokens idea on the table? Like some proportion of the Blockfunder sales maybe.

A. Burning may be helpful for short to medium term but it can’t be good as a long term solution. DGTX received from the BXR token sale will not be burned, but in future, when we add more utility for DGTX, we can implement a burning system to warm the market up.

Q. Is there going to be a staking period and penalty if un-staked earlier than the period; burning some of the unstaked tokens is a good idea as well.

A. This seems strange. Like we are going to force our traders to use DGTX or lose it. My point is that I think this is the wrong way to do it. We must create demand for DGTX by improving our products, make it more stable on one hand, and more flexible on the other. That’s why creating new utilities for DGTX is our top priority.

Q. Many trade on mobile, any news on that?

A. We already put some logic and design to our early version of the mobile app. The work is in progress, but we can’t say any ETA yet. Our goal is to adapt our Ladder interface for mobile screens. It’s very hard, but we know that the Ladder trading UI has excellent feedback from the community, and it is much more comfortable than a classic UI, especially for quick trades on fast moving markets.

Q. Are you going to improve the spread?

A. Having a big spread is not an issue in itself. We discovered the reasons why it happens and are going to change the market maker model. Also we hired a very experienced senior-level developer with trading bot making experience.

That wraps it up for this week but if you still have a question you want us to answer, be sure to get in touch. Our helpful support staff are on hand 24/7 and you can also reach us on our socials. Also, don’t forget to get in on the Blockster sale right now. Earn extra BXR tokens by referring friends, you can find all the details here.

 

June 8, 2021
Crypto Industry

Community Questions About Blockfunder, DGTX, and Beyond

Digitex
Community Questions About Blockfunder, DGTX, and Beyond 2

We’ve kicked off the Blockster (BXR) token sale and it’s off to a strong start! We’ve had positive feedback from several key influencers and a few hundred sales have come in. Track the action yourself or join in by heading to our Blockfunder page. During the first phase of the sale, BXR tokens are available for the reduced price of $1 each and purchases are accepted in DGTX only.

And while our very first IEO is taking place, as always, we’re gathering feedback from the community. Beyond our stellar trading platform and super talented team, it’s you guys we value the most. We’ve been able to expand and grow even through the toughest of circumstances thanks to your ongoing feedback and support. 

This week, your questions are answered by Digitex’s Product Owner Alexey Veledinskii (AV). He’s one of the driving forces behind the high-quality upgrades you’ve seen lately and is working closely with Adam to keep the roadmap on track. We’ll share a spotlight on AV later this month, but for now, let’s dive into your questions.

Q. Was Blockfunder the only solution mentioned in the blog to take DGTX out of circulation?

A. Blockfunder is only the first step that we will take in this direction. We understand that to create demand for DGTX, we need to add more utility for the token. We have several ideas and will deploy some of them this year (autumn will be rich for harvest).

Q. Any news about the stablecoin?

A. We can’t give any details on that right now, but we know that our traders really want stable derivatives markets and satisfying our traders is the main reason we’re all here working on Digitex.io development.

Q. Are bracket orders coming soon?

A. We are in the concept stage of refactoring Delayed Actions (Conditional orders, SL/TP) systems. We aim to deliver really easy-to-use Delayed Actions and bracket orders.

Q. Is the burning DGTX tokens idea on the table? Like some proportion of the Blockfunder sales maybe.

A. Burning may be helpful for short to medium term but it can’t be good as a long term solution. DGTX received from the BXR token sale will not be burned, but in future, when we add more utility for DGTX, we can implement a burning system to warm the market up.

Q. Is there going to be a staking period and penalty if un-staked earlier than the period; burning some of the unstaked tokens is a good idea as well.

A. This seems strange. Like we are going to force our traders to use DGTX or lose it. My point is that I think this is the wrong way to do it. We must create demand for DGTX by improving our products, make it more stable on one hand, and more flexible on the other. That’s why creating new utilities for DGTX is our top priority.

Q. Many trade on mobile, any news on that?

A. We already put some logic and design to our early version of the mobile app. The work is in progress, but we can’t say any ETA yet. Our goal is to adapt our Ladder interface for mobile screens. It’s very hard, but we know that the Ladder trading UI has excellent feedback from the community, and it is much more comfortable than a classic UI, especially for quick trades on fast moving markets.

Q. Are you going to improve the spread?

A. Having a big spread is not an issue in itself. We discovered the reasons why it happens and are going to change the market maker model. Also we hired a very experienced senior-level developer with trading bot making experience.

That wraps it up for this week but if you still have a question you want us to answer, be sure to get in touch. Our helpful support staff are on hand 24/7 and you can also reach us on our socials. Also, don’t forget to get in on the Blockster sale right now. Earn extra BXR tokens by referring friends, you can find all the details here.

 

Latest News

blockster

All About Blockster – The Go-to Social Network for Crypto

Crypto Industry
• Digitex
June 3, 2021

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 3

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 4

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

June 3, 2021
Crypto Industry

All About Blockster – The Go-to Social Network for Crypto

Digitex
blockster

If you’ve been keeping tabs on Digitex lately, you’ll know all about Blockfunder, our brand-new IEO platform. Through Blockfunder, we’ll be helping to fast-track and finance promising crypto projects starting with our very own in-house platform, Blockster, the go-to social network for crypto enthusiasts. 

What Is Blockster?

Blockster is a one-stop-shop for all things crypto and blockchain related, with a specific focus on making money. Driven by user-generated content, on Blockster, you can create your own profile, connect to a thriving network of like minded people, upload content on the Blockdesk blog, host video calls, create groups, and stay up-to-date with the very latest news via a Facebook-style news feed.

Blockster comes complete with Blockwatch, a cryptocurrency data aggregator like CoinMarketCap, that tracks the price action of the top 500 coins. There is also a mobile app and hot NFT marketplace coming soon where you can trade some of the most exciting digital collectibles.

There’s even a section dedicated to education and learning, called Blockademy, which is an ever-expanding knowledge base of articles, guides, and how-to videos about all things crypto. Unlike some of the tribalism and toxicity inherent in other platforms, Blockademy promotes open learning, and is the perfect place for newcomers and experts alike to converge to expand their knowledge of digital assets.

At a time when crypto is becoming increasingly more mainstream and when existing participants have to navigate various different social platforms to get the content they seek, Blockster brings everything under one roof. With a fully featured social network that will forge partnerships with all the main personalities and crypto projects in the space, and provide all the benefits of Telegram, Facebook, YouTube, Twitter, CoinMarketCap, and more, Blockster will become the go-to network for crypto.

The Blockster (BXR) Token

The Blockster (BXR) token is the native utility token of the Blockster network and will be used to settle all transactions in the ecosystem, as well as for holders to engage in staking programs to enhance their earnings. BXR will be used by advertisers who can promote their projects to a highly targeted and engaged audience, without the threat of being deplatformed or censored. BXR will also be used for other activities in the platform such as tipping content, buying NFTs and other services, and voting on key matters affecting the development of the platform.

BXR stakers will earn 20% of all the advertising revenue on the platform. The more users the network attracts, the higher the rates for advertising, and the larger the staking rewards. BXR holders can also stake their tokens through the Blockfarm yield farming platform on the Digitex exchange.

Blockster will serve to enrich the Digitex ecosystem of products and all traffic from the Blockster site will be directed to the Digitex exchange, either to trade zero fee or earn rewards through our various staking programs. This will benefit all the tokens listed on Digitex and create a continuous positive feedback loop as both the social network and exchange grow in popularity. 

BXR Token Sale

Blockster has already been under development for over a year and is now in its final testing stages. The token sale through Blockfunder will kick off on Monday, June 7, and will take place as a staggered sale over six phases.

All About Blockster - The Go-to Social Network for Crypto 5

As you can see from the above image, the earlier you participate in the BXR token sale, the better value you get for your money. The BXR token will start out at a price of $1 and gradually increase over the six phases. As one of our main aims with Blockfunder is to increase the utility of the DGTX token, throughout three of the six phases, we will only accept DGTX as payment, thus giving us the chance to collect a large amount of the circulating supply of DGTX, allowing it to recapture value.

Taking part in the BXR token sale is easy. Simply click on this link here, undergo a quick KYC check, read and sign the terms and conditions, and purchase BXR tokens with the cryptocurrency accepted during the phase of the sale.

All About Blockster - The Go-to Social Network for Crypto 6

Refer Friends to Earn BXR

We hope you love our plans for Blockster as much as we do and are looking forward to participating in the token sale on Monday. And if you want the chance to earn more BXR tokens, don’t forget to refer your friends! We have a generous referral program in which you can earn 10% of all your friends’ BXR purchases.

To take part, once you’ve signed up to Blockfunder, simply create a unique referral link to post on your social profiles or send to your friends via email, text, or chat. Each time your link is used to complete a purchase, you will receive 10% in BXR tokens.

Wrapping It Up

Blockster is the social network that the crypto space has been missing, housing all types of content and key functionality under one roof and connected to our zero-fee trading and staking platform. Don’t miss this chance to get in on this exciting project at the early stages and register for the token sale and get your referral link today.

Latest News

DGTX

DGTX Minting Is Canceled – There Will Be No More Minting

Digitex
• Digitex
June 1, 2021

In December 2020, we released a mint schedule and began minting DGTX tokens on a quarterly basis. Since then, 590 million DGTX has been minted. Today, another 280 million DGTX was scheduled to be minted. However, after careful consideration and taking into account the feedback from our community, we decided to cancel the mint. There will be no more minting of DGTX today or in the future. Why? 

Why Cancel DGTX Minting?

As you know if you’ve been following our project, DGTX minting was always detailed in the original white paper as our means of supporting a zero-fee futures exchange. However, things change. The minting has proven to be hugely unpopular with our community, and we believe that it has a negative effect on the DGTX token price. 

The original plan for the token minting was to cover all the costs of our operations. As we developed and grew, new tokens were also destined to pay for our various rewards programs and market-making. Despite the benefits of rewarding our traders and providing liquidity for our markets, after six months of using this model, we can see that it simply isn’t working. Minting new DGTX is causing a negative effect and downward pressure on the DGTX token price.

Therefore, we’re happy to announce this news, and we believe that our community will be as well—especially now that we have a solution to replace the token minting model—Blockfunder.

Blockfunder Removes the Need for DGTX Minting

Blockfunder is an exciting new product for the Digitex ecosystem and it’s already live, with its first IEO on the way. Our token launching platform presents our company with a new way of generating additional income to sustain operations. With the first IEO, Blockster crypto social network, three of the six token sale phases will accept DGTX only. This has the potential to collect up to $4.5 million worth of DGTX off the market. 

Adam enthused, “We’re really excited to introduce Blockfunder as it eliminates the need for token minting and, at the same time, creates demand for DGTX. We’re also looking forward to partnering with exciting new startups that will join the Digitex ecosystem.”

A portion of every future IEO token raise will go to Blockfunder, as the token sale hosting platform, just as all other token sale platforms in the industry. And, speaking of other platforms, Blockfunder presents Digitex with an awesome new marketplace opportunity. As you probably already know, many of the trending token sale platforms right now, including Binance’s Launchpad, have a long list of startups lined up to be tokenized!

After the ICO craze died out and projects began to seek new ways to finance their endeavors, IEOs became a real viable alternative. In 2019, the average ROI from IEOs was a staggering 760%. Of course, with the lengthy bear market and dwindling interest in crypto, these numbers began to drop off. But as crypto mania awakens again, IEOs are making a fierce comeback.

The average ROI has shot up like a rocket, exceeding 6,000% on leading platforms. You just have to glance at an aggregator site like CryptoTotem to find upwards of 20 IEOs going on in a given month with an average raise per IEO in the ballpark of $4,628,856.

With all these encouraging signs, we’re very excited about the potential of Blockfunder. We’re just starting out with our first IEO, our very own in-house-built project that we will leverage for all future IEOs and Digitex products. In the meantime, we’re preparing and designing our process for scouting and listing new and innovative projects.

Enabling the Digitex Ecosystem

Yesterday’s topic on the blog was about Digitex building a self-sustaining ecosystem in which each product enriches the others. And they all provide various external revenue sources that eliminate the need for token minting.

For example, after launching new startups on Blockfunder, their tokens will then be listed on the Digitex spot exchange. Blockster will help to build their social profiles where they can share daily news and build their audience. And Blockfarm will reward their communities in staking rewards, building up more followers through our yield farming platform.

“After years of trying, we’ve now got a large, well-managed in-house development team working on building out the Digitex ecosystem. I can’t wait for the markets to figure this out and I look forward to a sharp and sudden revaluation of the DGTX token,” Adam added. 

With all these positive initiatives going on, we ask you to continue to support us as we build and fortify this ecosystem. We understand that you’ve been waiting for the DGTX token price to be in a much better position by now, especially since the exchange and our technology has so greatly improved. So, we hope that you’ll be encouraged by all our latest news. As always, we are listening, and we’re stopping the minting. Together, we will make Digitex truly great. Thank you for your support.

June 1, 2021
Digitex

DGTX Minting Is Canceled – There Will Be No More Minting

Digitex
DGTX

In December 2020, we released a mint schedule and began minting DGTX tokens on a quarterly basis. Since then, 590 million DGTX has been minted. Today, another 280 million DGTX was scheduled to be minted. However, after careful consideration and taking into account the feedback from our community, we decided to cancel the mint. There will be no more minting of DGTX today or in the future. Why? 

Why Cancel DGTX Minting?

As you know if you’ve been following our project, DGTX minting was always detailed in the original white paper as our means of supporting a zero-fee futures exchange. However, things change. The minting has proven to be hugely unpopular with our community, and we believe that it has a negative effect on the DGTX token price. 

The original plan for the token minting was to cover all the costs of our operations. As we developed and grew, new tokens were also destined to pay for our various rewards programs and market-making. Despite the benefits of rewarding our traders and providing liquidity for our markets, after six months of using this model, we can see that it simply isn’t working. Minting new DGTX is causing a negative effect and downward pressure on the DGTX token price.

Therefore, we’re happy to announce this news, and we believe that our community will be as well—especially now that we have a solution to replace the token minting model—Blockfunder.

Blockfunder Removes the Need for DGTX Minting

Blockfunder is an exciting new product for the Digitex ecosystem and it’s already live, with its first IEO on the way. Our token launching platform presents our company with a new way of generating additional income to sustain operations. With the first IEO, Blockster crypto social network, three of the six token sale phases will accept DGTX only. This has the potential to collect up to $4.5 million worth of DGTX off the market. 

Adam enthused, “We’re really excited to introduce Blockfunder as it eliminates the need for token minting and, at the same time, creates demand for DGTX. We’re also looking forward to partnering with exciting new startups that will join the Digitex ecosystem.”

A portion of every future IEO token raise will go to Blockfunder, as the token sale hosting platform, just as all other token sale platforms in the industry. And, speaking of other platforms, Blockfunder presents Digitex with an awesome new marketplace opportunity. As you probably already know, many of the trending token sale platforms right now, including Binance’s Launchpad, have a long list of startups lined up to be tokenized!

After the ICO craze died out and projects began to seek new ways to finance their endeavors, IEOs became a real viable alternative. In 2019, the average ROI from IEOs was a staggering 760%. Of course, with the lengthy bear market and dwindling interest in crypto, these numbers began to drop off. But as crypto mania awakens again, IEOs are making a fierce comeback.

The average ROI has shot up like a rocket, exceeding 6,000% on leading platforms. You just have to glance at an aggregator site like CryptoTotem to find upwards of 20 IEOs going on in a given month with an average raise per IEO in the ballpark of $4,628,856.

With all these encouraging signs, we’re very excited about the potential of Blockfunder. We’re just starting out with our first IEO, our very own in-house-built project that we will leverage for all future IEOs and Digitex products. In the meantime, we’re preparing and designing our process for scouting and listing new and innovative projects.

Enabling the Digitex Ecosystem

Yesterday’s topic on the blog was about Digitex building a self-sustaining ecosystem in which each product enriches the others. And they all provide various external revenue sources that eliminate the need for token minting.

For example, after launching new startups on Blockfunder, their tokens will then be listed on the Digitex spot exchange. Blockster will help to build their social profiles where they can share daily news and build their audience. And Blockfarm will reward their communities in staking rewards, building up more followers through our yield farming platform.

“After years of trying, we’ve now got a large, well-managed in-house development team working on building out the Digitex ecosystem. I can’t wait for the markets to figure this out and I look forward to a sharp and sudden revaluation of the DGTX token,” Adam added. 

With all these positive initiatives going on, we ask you to continue to support us as we build and fortify this ecosystem. We understand that you’ve been waiting for the DGTX token price to be in a much better position by now, especially since the exchange and our technology has so greatly improved. So, we hope that you’ll be encouraged by all our latest news. As always, we are listening, and we’re stopping the minting. Together, we will make Digitex truly great. Thank you for your support.

Latest News

Announcing Blockfunder - Our Brand-New IEO Platform 7

Announcing Blockfunder – Our Brand-New IEO Platform

Digitex
• Digitex
May 27, 2021

We told you on Monday that there was a lot more to come out of Digitex in Q2! Well, today, we’re excited to announce the launch of our brand-new IEO platform Blockfunder. Through our token launch platform, we aim to help finance and fast-track some of crypto’s most exciting and promising projects–and we’ll be kicking off with our very own in-house developed crypto social network Blockster (BXR). Read on for further details.

What Is Blockfunder?

Blockfunder is a platform that allows new and innovative cryptocurrency projects to benefit from the technology, experience, and network effect of the Digitex exchange. Through Blockfunder, you can get in on the ground floor of up-and-coming projects at their earliest stages of development with the assurance that only the highest quality offerings will be held.

Our internal team of engineers, compliance experts, and marketers will assess the project’s whitepaper, code, regulatory position, community, team, and potential, and hold new participants to the highest standards before allowing them to hold an IEO on our exchange. Through Blockfunder, we will be helping to finance a combination of in-house-built products like Blockster (BXR) and innovative external projects that we believe have great potential to succeed.

As well as supporting innovation and providing exclusive investment opportunities to crypto enthusiasts, Blockfunder is designed to lend additional utility to the DGTX token. Various token sales through Blockfunder will accept DGTX as payment, thus helping to restrict the circulating supply of the DGTX token and helping it recapture value.

CEO of Digitex Adam Todd commented: “We’re really excited to be launching our own IEO platform that will also introduce a new utility for our native DGTX token. As we raise funds for projects, partial payment will be accepted with DGTX, meaning a lot will be collected back from the total circulating supply.” 

What Is Blockster (BXR)?

The very first project to launch through Blockfunder will be Blockster, a social network dedicated to cryptocurrency enthusiasts with its own native token (BXR) that will be used for advertising and commerce on the platform, as well as staking. Blockster will be driven by user-generated content that focuses on making money in crypto and blockchain.

Announcing Blockfunder - Our Brand-New IEO Platform 8

Unlike existing social media platforms today, Blockster will provide everything in one platform. Crypto enthusiasts will no longer have to open several tabs to check the prices of their favorite assets, watch crypto influencers, create content, chat to friends, or read the news. 

Announcing Blockfunder - Our Brand-New IEO Platform 9

Blockster will come complete with a full market data feed for all cryptocurrencies, just like CoinMarketCap or CoinGecko. It will also have its own user-generated blog called Blockdesk, and a mobile app and NFT marketplace where users can buy and sell some of the hottest digital assets in crypto. With all these unique features in mind, Blockster aims to become ‘the social network’ for the crypto industry. 

Announcing Blockfunder - Our Brand-New IEO Platform 10

Blockster has been designed and developed in-house by Digitex specifically for crypto users, traders, and enthusiasts looking for opportunities to make money through investing and trading in digital assets. Unlike many projects at the initial coin offering stage, Blockster has already been under development for over a year now and is operating in a closed testnet version.

The Blockster (BXR) Token Sale 

The BXR token sale will be split into six separate phases that will sell a total of 10 million BXR tokens. This is 10% of the total token supply. For further details on the BXR token breakdown, please see the Blockster whitepaper here. 

Each phase of the token sale lasts until the start of the next phase or until all tokens have been sold, whichever comes first. The first phase will kick off on June 7, 2021, and the last phase, phase 6, will end on October 12, 2021 (or when all tokens have been sold).

The BXR token will start at $1 per BXR in the first phase and the price will gradually rise throughout the phases to $2.25. In the initial phase, as well as two other phases, only DGTX will be accepted as payment for BXR tokens. In the other three phases, we will be accepting BTC, ETH, and USDC. 

Once the token sale is concluded, BXR will be listed on Digitex, Uniswap, and other major exchanges that will be announced soon. You must complete KYC to take part in this token sale and US residents and citizens are unfortunately not allowed to participate.

We’ll be releasing more details about Blockster before the token sale begins, so be sure to stay tuned to our blog. In the meantime, you can read more about Blockster here or sign up for the waitlist by visiting this link. If you’re a content creator and would like to partner with Blockster, you can submit an application there as well.  

May 27, 2021
Digitex

Announcing Blockfunder – Our Brand-New IEO Platform

Digitex
Announcing Blockfunder - Our Brand-New IEO Platform 11

We told you on Monday that there was a lot more to come out of Digitex in Q2! Well, today, we’re excited to announce the launch of our brand-new IEO platform Blockfunder. Through our token launch platform, we aim to help finance and fast-track some of crypto’s most exciting and promising projects–and we’ll be kicking off with our very own in-house developed crypto social network Blockster (BXR). Read on for further details.

What Is Blockfunder?

Blockfunder is a platform that allows new and innovative cryptocurrency projects to benefit from the technology, experience, and network effect of the Digitex exchange. Through Blockfunder, you can get in on the ground floor of up-and-coming projects at their earliest stages of development with the assurance that only the highest quality offerings will be held.

Our internal team of engineers, compliance experts, and marketers will assess the project’s whitepaper, code, regulatory position, community, team, and potential, and hold new participants to the highest standards before allowing them to hold an IEO on our exchange. Through Blockfunder, we will be helping to finance a combination of in-house-built products like Blockster (BXR) and innovative external projects that we believe have great potential to succeed.

As well as supporting innovation and providing exclusive investment opportunities to crypto enthusiasts, Blockfunder is designed to lend additional utility to the DGTX token. Various token sales through Blockfunder will accept DGTX as payment, thus helping to restrict the circulating supply of the DGTX token and helping it recapture value.

CEO of Digitex Adam Todd commented: “We’re really excited to be launching our own IEO platform that will also introduce a new utility for our native DGTX token. As we raise funds for projects, partial payment will be accepted with DGTX, meaning a lot will be collected back from the total circulating supply.” 

What Is Blockster (BXR)?

The very first project to launch through Blockfunder will be Blockster, a social network dedicated to cryptocurrency enthusiasts with its own native token (BXR) that will be used for advertising and commerce on the platform, as well as staking. Blockster will be driven by user-generated content that focuses on making money in crypto and blockchain.

Announcing Blockfunder - Our Brand-New IEO Platform 12

Unlike existing social media platforms today, Blockster will provide everything in one platform. Crypto enthusiasts will no longer have to open several tabs to check the prices of their favorite assets, watch crypto influencers, create content, chat to friends, or read the news. 

Announcing Blockfunder - Our Brand-New IEO Platform 13

Blockster will come complete with a full market data feed for all cryptocurrencies, just like CoinMarketCap or CoinGecko. It will also have its own user-generated blog called Blockdesk, and a mobile app and NFT marketplace where users can buy and sell some of the hottest digital assets in crypto. With all these unique features in mind, Blockster aims to become ‘the social network’ for the crypto industry. 

Announcing Blockfunder - Our Brand-New IEO Platform 14

Blockster has been designed and developed in-house by Digitex specifically for crypto users, traders, and enthusiasts looking for opportunities to make money through investing and trading in digital assets. Unlike many projects at the initial coin offering stage, Blockster has already been under development for over a year now and is operating in a closed testnet version.

The Blockster (BXR) Token Sale 

The BXR token sale will be split into six separate phases that will sell a total of 10 million BXR tokens. This is 10% of the total token supply. For further details on the BXR token breakdown, please see the Blockster whitepaper here. 

Each phase of the token sale lasts until the start of the next phase or until all tokens have been sold, whichever comes first. The first phase will kick off on June 7, 2021, and the last phase, phase 6, will end on October 12, 2021 (or when all tokens have been sold).

The BXR token will start at $1 per BXR in the first phase and the price will gradually rise throughout the phases to $2.25. In the initial phase, as well as two other phases, only DGTX will be accepted as payment for BXR tokens. In the other three phases, we will be accepting BTC, ETH, and USDC. 

Once the token sale is concluded, BXR will be listed on Digitex, Uniswap, and other major exchanges that will be announced soon. You must complete KYC to take part in this token sale and US residents and citizens are unfortunately not allowed to participate.

We’ll be releasing more details about Blockster before the token sale begins, so be sure to stay tuned to our blog. In the meantime, you can read more about Blockster here or sign up for the waitlist by visiting this link. If you’re a content creator and would like to partner with Blockster, you can submit an application there as well.  

Latest News

crypto

Review – After the Elon Musk Crypto Crash, Will Markets Go Back Up?

Digitex
• Dave Reiter
May 19, 2021

On February 8, the Bitcoin (BTC) community received incredibly bullish news when Tesla CEO, Elon Musk announced that his company had purchased $1.5 billion worth of BTC. In the same press release, Musk also revealed that the company would accept BTC as a method of payment for its Tesla automobiles. Immediately following the press release, the price of BTC exploded to the upside, gaining $6,881 (Chart #1).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 15

The announcement by Musk marked the beginning of a massive rally in Bitcoin. Over the course of the next two months, BTC increased 73%.  

Elon Musk quickly became one of the biggest supporters of the Bitcoin ecosystem. Of course, the entire crypto community was more than happy to embrace Musk as its newest member of the “family.” In addition to being CEO of Tesla, he is the wealthiest person on the planet. In fact, Tesla’s purchase of BTC was the major contributing factor to catapulting Musk ahead of Jeff Bezos as the world’s wealthiest person. Therefore, Musk was viewed as the perfect ambassador for the Bitcoin community.

Unfortunately, the happy relationship between Musk and the crypto community was short-lived. What happened? Why did Elon Musk suddenly withdraw his endorsement of the Bitcoin ecosystem? More importantly, how will this affect the future direction of Bitcoin along with the entire cryptocurrency universe? Let’s discuss the details.

Elon Musk Abruptly Changes His View on Bitcoin     

Elon Musk is one of the greatest entrepreneurs in modern American history. Musk rose to fame in the late 1990s during the internet mania, as one of the original founders of PayPal. Over the course of the past two decades, he has been responsible for creating a number of highly successful business ventures.

Musk is most famously known for his affiliation with Tesla, which was launched in July 2003. In addition to Tesla, Musk is also involved in the Boring Company and SpaceX. As mentioned, his entrepreneurial success recently turned Musk into the wealthiest person on the planet, according to Forbes Magazine.      

Over the course of the past few years, he has received an increasing amount of scrutiny from various environmental groups concerning Tesla’s commitment to producing energy-efficient vehicles. Additionally, the company’s automobile plants are closely monitored by several third parties in an effort to determine if Tesla is maintaining an eco-friendly working environment. Tesla promotes itself as an industry leader in using renewable energy to operate its manufacturing facilities. This probably explains why the company is constantly critiqued and observed by independent agencies.     

Bitcoin has come under frequent and repeated attack by a number of environmentally-friendly research groups concerning its potential damage to the environment, particularly as it relates to Bitcoin mining. These research groups claim that the Bitcoin mining process consumes a great deal of non-renewable energy and emits an ever-increasing amount of carbon into the atmosphere. They question whether Bitcoin’s damage to the environment is outweighed by its benefit as a long-term store of value. This has been an ongoing debate between Bitcoiners and environmental groups for the past few years. However, the debate has certainly intensified during the past few months.

This brings us back to Elon Musk and his endorsement of Bitcoin. Given the fact that Tesla is currently struggling with its own environmental issues, Elon and his inner circle of advisors probably determined that Tesla’s involvement with Bitcoin was a poorly-timed decision. Most likely, this explains why Musk withdrew his support of BTC as a medium of exchange.

Musk released his now-famous tweet on May 12, in which he tweeted that Tesla would no longer accept Bitcoin as a method of payment for its automobiles.

Musk cited “environmental concerns” as the reason why Tesla suspended its acceptance of Bitcoin. Immediately upon the release of Elon’s tweet, the price of BTC quickly began to roll over to the downside. By the end of the day, BTC had lost 9.5% of its value.

BTC continued to drop for the next three days, as Musk released a few additional negative comments about Bitcoin and many analysts are wondering if the bottom is in yet, after BTC briefly dove below $40,000 on May 19. So, where do we go from here? In order to answer this question, let’s examine Bitcoin based on technical analysis.

Analyzing Bitcoin Based on Technical Analysis

Bitcoin peaked @ 64,789 on April 14. During the past four weeks, BTC had dropped by more than 34% (Chart #2), only to tumble even lower below the $40,000 mark on May 19.

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 16

How does this sell-off compare with declines from other bull market cycles? Let’s analyze the most recent bull market cycle from 2017. BTC generated a dramatic rally in the second half of 2017, advancing 570% from September through December. However, Bitcoin also experienced two sharp declines of 39.7% and 30.0%, respectively (Chart #3).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 17

Even though the current decline is certainly painful for the Bitcoin bulls, it is quite normal when compared to other historical downturns.

Despite the current decline, the daily chart pattern for Bitcoin continues to remain bullish. The first sign of trouble for the bulls would be a weekly close below 37,409 (Chart #4). The BTC chart pattern will turn decidedly bearish if 37,409 is penetrated on a weekly closing basis.      

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 18  

In terms of the hourly chart, the bears are in control. In order to reverse the bearish momentum, the bulls need a daily close above 59,696 (Chart #5). The most likely scenario over the course of the next few weeks is a trading range.

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 19

BTC could easily remain locked in a trading range for the next several weeks. The important numbers to watch are 37,409 and 59,696.

Analyzing Ethereum Based on Technical Analysis

Although Bitcoin has garnered the majority of media attention during the past few days, Elon’s comments have wreaked havoc on the entire cryptocurrency universe. Almost all coins and tokens have suffered brutal declines. Let’s briefly review Ethereum (ETH) from a technical perspective.

Prior to the Tesla news, ETH was in the middle of a dramatic rally dating back to the pandemic low in March 2020. ETH recorded a major low on 13 March 2020 @ 89.50. The cryptocurrency preceded to rally 4,783% during the next 14 months, reaching its peak on 12 May @ 4,370.76.

The very next day, Elon Musk released his tweet concerning Tesla’s plan to stop accepting Bitcoin. Although Elon’s tweet was not aimed directly at Ethereum, it nevertheless sparked a brutal sell-off in ETH. Within 72 hours, ETH had declined 28.2% (Chart #6).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 20

In spite of the sharp decline, the Ethereum chart pattern remains persistently bullish. It would take a weekly close below 1,937 to flip the chart from bullish to bearish (Chart #7).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 21

This type of price drop is certainly possible. However, it’s highly unlikely. Going forward, ETH will most likely remain in a trading range for the next several weeks, as it consolidates the recent sharp decline.

As long as the price stays above 1,937, ETH should easily create a new all-time high above 4,370 by the end of 2021.

All Signs Point to Higher Crypto Prices

It’s very easy for crypto traders and investors to become fixated on short-term fluctuations in the crypto markets. Many traders (particularly novice traders) have a tendency to focus only on the negative crypto news while ignoring the long-term bullish outlook.

Bitcoin, Ethereum and other cryptocurrencies have received a tremendous amount of bullish news during the past several months, particularly at the institutional level. A wave of institutional money has flooded into the crypto universe during the past nine months. This is extremely bullish from a “big picture” multi-year perspective.

While it’s certainly possible that Bitcoin and other cryptocurrencies could experience another sharp leg to the downside, this won’t change the bullish outlook from a long-term global perspective. Cryptocurrencies are in the early stages of completely disrupting industries that have been in existence for hundreds of years. There will be several bumps along the way (e.g. Elon Musk’s tweets). However, investors who can tolerate the short-term volatility will be rewarded with long-term success.

 Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

May 19, 2021
Digitex

Review – After the Elon Musk Crypto Crash, Will Markets Go Back Up?

Dave Reiter
crypto

On February 8, the Bitcoin (BTC) community received incredibly bullish news when Tesla CEO, Elon Musk announced that his company had purchased $1.5 billion worth of BTC. In the same press release, Musk also revealed that the company would accept BTC as a method of payment for its Tesla automobiles. Immediately following the press release, the price of BTC exploded to the upside, gaining $6,881 (Chart #1).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 22

The announcement by Musk marked the beginning of a massive rally in Bitcoin. Over the course of the next two months, BTC increased 73%.  

Elon Musk quickly became one of the biggest supporters of the Bitcoin ecosystem. Of course, the entire crypto community was more than happy to embrace Musk as its newest member of the “family.” In addition to being CEO of Tesla, he is the wealthiest person on the planet. In fact, Tesla’s purchase of BTC was the major contributing factor to catapulting Musk ahead of Jeff Bezos as the world’s wealthiest person. Therefore, Musk was viewed as the perfect ambassador for the Bitcoin community.

Unfortunately, the happy relationship between Musk and the crypto community was short-lived. What happened? Why did Elon Musk suddenly withdraw his endorsement of the Bitcoin ecosystem? More importantly, how will this affect the future direction of Bitcoin along with the entire cryptocurrency universe? Let’s discuss the details.

Elon Musk Abruptly Changes His View on Bitcoin     

Elon Musk is one of the greatest entrepreneurs in modern American history. Musk rose to fame in the late 1990s during the internet mania, as one of the original founders of PayPal. Over the course of the past two decades, he has been responsible for creating a number of highly successful business ventures.

Musk is most famously known for his affiliation with Tesla, which was launched in July 2003. In addition to Tesla, Musk is also involved in the Boring Company and SpaceX. As mentioned, his entrepreneurial success recently turned Musk into the wealthiest person on the planet, according to Forbes Magazine.      

Over the course of the past few years, he has received an increasing amount of scrutiny from various environmental groups concerning Tesla’s commitment to producing energy-efficient vehicles. Additionally, the company’s automobile plants are closely monitored by several third parties in an effort to determine if Tesla is maintaining an eco-friendly working environment. Tesla promotes itself as an industry leader in using renewable energy to operate its manufacturing facilities. This probably explains why the company is constantly critiqued and observed by independent agencies.     

Bitcoin has come under frequent and repeated attack by a number of environmentally-friendly research groups concerning its potential damage to the environment, particularly as it relates to Bitcoin mining. These research groups claim that the Bitcoin mining process consumes a great deal of non-renewable energy and emits an ever-increasing amount of carbon into the atmosphere. They question whether Bitcoin’s damage to the environment is outweighed by its benefit as a long-term store of value. This has been an ongoing debate between Bitcoiners and environmental groups for the past few years. However, the debate has certainly intensified during the past few months.

This brings us back to Elon Musk and his endorsement of Bitcoin. Given the fact that Tesla is currently struggling with its own environmental issues, Elon and his inner circle of advisors probably determined that Tesla’s involvement with Bitcoin was a poorly-timed decision. Most likely, this explains why Musk withdrew his support of BTC as a medium of exchange.

Musk released his now-famous tweet on May 12, in which he tweeted that Tesla would no longer accept Bitcoin as a method of payment for its automobiles.

Musk cited “environmental concerns” as the reason why Tesla suspended its acceptance of Bitcoin. Immediately upon the release of Elon’s tweet, the price of BTC quickly began to roll over to the downside. By the end of the day, BTC had lost 9.5% of its value.

BTC continued to drop for the next three days, as Musk released a few additional negative comments about Bitcoin and many analysts are wondering if the bottom is in yet, after BTC briefly dove below $40,000 on May 19. So, where do we go from here? In order to answer this question, let’s examine Bitcoin based on technical analysis.

Analyzing Bitcoin Based on Technical Analysis

Bitcoin peaked @ 64,789 on April 14. During the past four weeks, BTC had dropped by more than 34% (Chart #2), only to tumble even lower below the $40,000 mark on May 19.

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 23

How does this sell-off compare with declines from other bull market cycles? Let’s analyze the most recent bull market cycle from 2017. BTC generated a dramatic rally in the second half of 2017, advancing 570% from September through December. However, Bitcoin also experienced two sharp declines of 39.7% and 30.0%, respectively (Chart #3).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 24

Even though the current decline is certainly painful for the Bitcoin bulls, it is quite normal when compared to other historical downturns.

Despite the current decline, the daily chart pattern for Bitcoin continues to remain bullish. The first sign of trouble for the bulls would be a weekly close below 37,409 (Chart #4). The BTC chart pattern will turn decidedly bearish if 37,409 is penetrated on a weekly closing basis.      

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 25  

In terms of the hourly chart, the bears are in control. In order to reverse the bearish momentum, the bulls need a daily close above 59,696 (Chart #5). The most likely scenario over the course of the next few weeks is a trading range.

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 26

BTC could easily remain locked in a trading range for the next several weeks. The important numbers to watch are 37,409 and 59,696.

Analyzing Ethereum Based on Technical Analysis

Although Bitcoin has garnered the majority of media attention during the past few days, Elon’s comments have wreaked havoc on the entire cryptocurrency universe. Almost all coins and tokens have suffered brutal declines. Let’s briefly review Ethereum (ETH) from a technical perspective.

Prior to the Tesla news, ETH was in the middle of a dramatic rally dating back to the pandemic low in March 2020. ETH recorded a major low on 13 March 2020 @ 89.50. The cryptocurrency preceded to rally 4,783% during the next 14 months, reaching its peak on 12 May @ 4,370.76.

The very next day, Elon Musk released his tweet concerning Tesla’s plan to stop accepting Bitcoin. Although Elon’s tweet was not aimed directly at Ethereum, it nevertheless sparked a brutal sell-off in ETH. Within 72 hours, ETH had declined 28.2% (Chart #6).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 27

In spite of the sharp decline, the Ethereum chart pattern remains persistently bullish. It would take a weekly close below 1,937 to flip the chart from bullish to bearish (Chart #7).

Review - After the Elon Musk Crypto Crash, Will Markets Go Back Up? 28

This type of price drop is certainly possible. However, it’s highly unlikely. Going forward, ETH will most likely remain in a trading range for the next several weeks, as it consolidates the recent sharp decline.

As long as the price stays above 1,937, ETH should easily create a new all-time high above 4,370 by the end of 2021.

All Signs Point to Higher Crypto Prices

It’s very easy for crypto traders and investors to become fixated on short-term fluctuations in the crypto markets. Many traders (particularly novice traders) have a tendency to focus only on the negative crypto news while ignoring the long-term bullish outlook.

Bitcoin, Ethereum and other cryptocurrencies have received a tremendous amount of bullish news during the past several months, particularly at the institutional level. A wave of institutional money has flooded into the crypto universe during the past nine months. This is extremely bullish from a “big picture” multi-year perspective.

While it’s certainly possible that Bitcoin and other cryptocurrencies could experience another sharp leg to the downside, this won’t change the bullish outlook from a long-term global perspective. Cryptocurrencies are in the early stages of completely disrupting industries that have been in existence for hundreds of years. There will be several bumps along the way (e.g. Elon Musk’s tweets). However, investors who can tolerate the short-term volatility will be rewarded with long-term success.

 Digitex writers and/or guest authors may or may not have a vested interest in the Digitex project and/or other businesses mentioned throughout the site. None of the content on Digitex is investment advice nor is it a replacement for advice from a certified financial planner.

Latest News

Check Out All the Ways to Earn on Digitex.io 29

Check Out All the Ways to Earn on Digitex.io

Digitex
• Digitex
May 18, 2021

With Digitex.io now live for just over a month, we’ve been introducing more utility for the DGTX token–and more ways for you to earn while using the exchange. From zero-fee trading and capitalizing on price fluctuations trading BTC and ETH futures, to Liquidity Mining and earning crypto rewards through Blockfarm, check out all the ways to earn on Digitex.io here.

Commission-Free Trading

Of course, the best way to make money on Digitex.io is simply to open an account and start trading. According to a survey of our traders that we held earlier this month, using the Digitex platform can save you an average of $190 per month simply by not paying commission fees. That becomes a lot more if you’re an active swing or scalp trader using leverage to magnify your gains. And, with crypto’s insane volatility, there’s no better place to make money on the smallest of price movements.

Digitex makes it possible to carry out trading strategies that you simply can’t elsewhere. You can enter and exit trades without being penalized and keep 100% of your profit when the market goes your way. 

With our two flagship futures markets, BTCUSD and ETHUSD, and our six zero-fee spot trading pairs—DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC—place your trades, save on fees, and make money at the same time.

Liquidity Mining Rewards

While saving yourself from paying punishing fees, you also get paid to trade thanks to our awesome Liquidity Mining program that lets traders accumulate rewards for lending liquidity to all the markets on Digitex.io. You don’t have to do anything extra to earn, as all traders are included in the program just by trading on the exchange.

How does it work? Every minute at a random time our system takes a snapshot of the order book on all our markets. It then pays out DGTX rewards to those traders whose unmatched orders are closest to the spot price at the time. Not only does this create more active markets and deeper liquidity but it lets us give you something extra for choosing to trade with us.

25 DGTX are paid out every minute to each futures market—so that’s a total of 50 DGTX per minute for both futures markets (BTCUSD and ETHUSD). You can also earn liquidity mining rewards trading on our spot markets, which takes the total to 240 DGTX across our six different spot market pairs. 

Blockfarm Yield Farming Program

Digitex users, particularly those who aren’t interested in pursuing riskier profit-making strategies like futures trading, can now earn a passive income on their crypto holdings by staking DGTX. It couldn’t be easier to earn rewards through our brand-new Blockfarm yield farming program, built right inside the Digitex.io platform.

Rather than letting your DGTX just sit in a hardware wallet, you can earn attractive rewards by staking it in your Blockfarm wallet. We’ve started the program off with ETH, which means that you stake DGTX to earn ETH rewards back. But ETH is just the first of many cryptos coming soon to this program that we hope will prove popular among our users. 

The APY you earn will vary according to the amount of DGTX staked at the time but at the moment it stands at 61%.

We hope you’re enjoying using the exchange and taking advantage of the multiple ways to earn. Please let us know if you have feedback or questions, either by hitting us up on our socials or contacting customer support, we’re always ready to help.

May 18, 2021
Digitex

Check Out All the Ways to Earn on Digitex.io

Digitex
Check Out All the Ways to Earn on Digitex.io 30

With Digitex.io now live for just over a month, we’ve been introducing more utility for the DGTX token–and more ways for you to earn while using the exchange. From zero-fee trading and capitalizing on price fluctuations trading BTC and ETH futures, to Liquidity Mining and earning crypto rewards through Blockfarm, check out all the ways to earn on Digitex.io here.

Commission-Free Trading

Of course, the best way to make money on Digitex.io is simply to open an account and start trading. According to a survey of our traders that we held earlier this month, using the Digitex platform can save you an average of $190 per month simply by not paying commission fees. That becomes a lot more if you’re an active swing or scalp trader using leverage to magnify your gains. And, with crypto’s insane volatility, there’s no better place to make money on the smallest of price movements.

Digitex makes it possible to carry out trading strategies that you simply can’t elsewhere. You can enter and exit trades without being penalized and keep 100% of your profit when the market goes your way. 

With our two flagship futures markets, BTCUSD and ETHUSD, and our six zero-fee spot trading pairs—DGTX/BTC, DGTX/ETH, ETH/BTC, BTC/USDC, ETH/USDC, DGTX/USDC—place your trades, save on fees, and make money at the same time.

Liquidity Mining Rewards

While saving yourself from paying punishing fees, you also get paid to trade thanks to our awesome Liquidity Mining program that lets traders accumulate rewards for lending liquidity to all the markets on Digitex.io. You don’t have to do anything extra to earn, as all traders are included in the program just by trading on the exchange.

How does it work? Every minute at a random time our system takes a snapshot of the order book on all our markets. It then pays out DGTX rewards to those traders whose unmatched orders are closest to the spot price at the time. Not only does this create more active markets and deeper liquidity but it lets us give you something extra for choosing to trade with us.

25 DGTX are paid out every minute to each futures market—so that’s a total of 50 DGTX per minute for both futures markets (BTCUSD and ETHUSD). You can also earn liquidity mining rewards trading on our spot markets, which takes the total to 240 DGTX across our six different spot market pairs. 

Blockfarm Yield Farming Program

Digitex users, particularly those who aren’t interested in pursuing riskier profit-making strategies like futures trading, can now earn a passive income on their crypto holdings by staking DGTX. It couldn’t be easier to earn rewards through our brand-new Blockfarm yield farming program, built right inside the Digitex.io platform.

Rather than letting your DGTX just sit in a hardware wallet, you can earn attractive rewards by staking it in your Blockfarm wallet. We’ve started the program off with ETH, which means that you stake DGTX to earn ETH rewards back. But ETH is just the first of many cryptos coming soon to this program that we hope will prove popular among our users. 

The APY you earn will vary according to the amount of DGTX staked at the time but at the moment it stands at 61%.

We hope you’re enjoying using the exchange and taking advantage of the multiple ways to earn. Please let us know if you have feedback or questions, either by hitting us up on our socials or contacting customer support, we’re always ready to help.

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crypto

Send Crypto via Email Instantly with Zero Fees – Plus More Updates

Digitex
• Digitex
May 13, 2021

It’s been a busy week for Digitex so far–and we hope you’re pleased with the progress! In today’s blog post, we’re going to take a closer look at our latest upgrade and all the new functionality and improvements you can find on Digitex. From our brand-new yield farming platform to the new internal transfer feature allowing users to instant-send crypto via email. Check out what we’ve added below.

Send Crypto with Zero Fees by Email

One of the most exciting features of our latest upgrade is that it lets users send crypto instantly and with zero fees over email. How does it work? When sending crypto to any user on the Digitex exchange, they will receive your email with a confirmation link. Once they click on the link, they will be redirected to their account to retrieve the funds. 

You can send crypto to people who aren’t existing Digitex users as well. Once they receive your email, all they have to do is click on the confirmation link. They will be redirected to the Digitex platform where they simply need to set up a password to retrieve their funds. If for any reason the user doesn’t click on the link within three days, it will expire and the money will be returned to the sender. 

This upgrade makes sending crypto simple and fast and is a great way of telling your friends about Digitex and onboarding new users at the same time. Plus, you can use this feature to save on the sky-high gas fees.

Earn ETH Rewards with Blockfarm Yield Farming Platform

We’re especially excited about our new yield farming platform, Blockfarm, as it provides a lot more utility for the DGTX token and allows holders to earn rewards in different cryptocurrencies starting with ETH. If you missed yesterday’s blog post, you can read more about earning crypto rewards with Blockfarm here

So far, the community sentiment has been extremely positive and we’ve been hearing great things about the program. We’ll be gathering more feedback over the weekend to share with you next week. And don’t forget, the ETH rewards program is the first of many to come. We’ll be adding plenty of other trending altcoins soon. Regular Digitex trader Marcus comments, “Overall, Blockfarm is a great and highly needed addition for the DGTX ecosystem.” 

It’s kicking off tomorrow but you can get ahead now by completing a simple KYC check. Why KYC? We know that most of you find this annoying, but unfortunately, we need a barrier to prevent US citizens from using the exchange. As Adam explains, “We block US traffic to the exchange but we understand that users can use VPN, so this is an extra measure.” As part of our continued effort to prevent US people from using the exchange, we will also be adding a quick KYC-check to the Converter next week as well.

Navigate the Exchange Even Easier

We have also upgraded our UI once again to make navigation even easier. Thanks to our new drop-down menu you can now customize the interface to suit you and remove or ‘drag and drop’ the market you want active on your top menu. It makes for a really intuitive and personalized user experience. Enjoy!

ETH Tick Size Has Increased to $1 

Finally, this week, we also increased the tick size on our ETHUSD market to $1. As Ether’s price has risen so much lately, trading with a small tick size of $0.25 makes for a poor user experience with the price jumping off the top and bottom of the page especially during periods of high volatility. Increasing the tick size will create a better trading experience. Let us know what you think! We understand that it may be a bit of a change, but try it out and give us your honest feedback, we’re always ready to listen and improve.

We hope you’re enjoying the latest upgrades to the platform. Don’t forget that ETH yield farming kicks off tomorrow. So, prestake now so you don’t miss it when it starts at 12:00 UTC. There’s a total of $50,000 worth of ETH rewards to be won during the first 30 days, so be sure to take advantage!

May 13, 2021
Digitex

Send Crypto via Email Instantly with Zero Fees – Plus More Updates

Digitex
crypto

It’s been a busy week for Digitex so far–and we hope you’re pleased with the progress! In today’s blog post, we’re going to take a closer look at our latest upgrade and all the new functionality and improvements you can find on Digitex. From our brand-new yield farming platform to the new internal transfer feature allowing users to instant-send crypto via email. Check out what we’ve added below.

Send Crypto with Zero Fees by Email

One of the most exciting features of our latest upgrade is that it lets users send crypto instantly and with zero fees over email. How does it work? When sending crypto to any user on the Digitex exchange, they will receive your email with a confirmation link. Once they click on the link, they will be redirected to their account to retrieve the funds. 

You can send crypto to people who aren’t existing Digitex users as well. Once they receive your email, all they have to do is click on the confirmation link. They will be redirected to the Digitex platform where they simply need to set up a password to retrieve their funds. If for any reason the user doesn’t click on the link within three days, it will expire and the money will be returned to the sender. 

This upgrade makes sending crypto simple and fast and is a great way of telling your friends about Digitex and onboarding new users at the same time. Plus, you can use this feature to save on the sky-high gas fees.

Earn ETH Rewards with Blockfarm Yield Farming Platform

We’re especially excited about our new yield farming platform, Blockfarm, as it provides a lot more utility for the DGTX token and allows holders to earn rewards in different cryptocurrencies starting with ETH. If you missed yesterday’s blog post, you can read more about earning crypto rewards with Blockfarm here

So far, the community sentiment has been extremely positive and we’ve been hearing great things about the program. We’ll be gathering more feedback over the weekend to share with you next week. And don’t forget, the ETH rewards program is the first of many to come. We’ll be adding plenty of other trending altcoins soon. Regular Digitex trader Marcus comments, “Overall, Blockfarm is a great and highly needed addition for the DGTX ecosystem.” 

It’s kicking off tomorrow but you can get ahead now by completing a simple KYC check. Why KYC? We know that most of you find this annoying, but unfortunately, we need a barrier to prevent US citizens from using the exchange. As Adam explains, “We block US traffic to the exchange but we understand that users can use VPN, so this is an extra measure.” As part of our continued effort to prevent US people from using the exchange, we will also be adding a quick KYC-check to the Converter next week as well.

Navigate the Exchange Even Easier

We have also upgraded our UI once again to make navigation even easier. Thanks to our new drop-down menu you can now customize the interface to suit you and remove or ‘drag and drop’ the market you want active on your top menu. It makes for a really intuitive and personalized user experience. Enjoy!

ETH Tick Size Has Increased to $1 

Finally, this week, we also increased the tick size on our ETHUSD market to $1. As Ether’s price has risen so much lately, trading with a small tick size of $0.25 makes for a poor user experience with the price jumping off the top and bottom of the page especially during periods of high volatility. Increasing the tick size will create a better trading experience. Let us know what you think! We understand that it may be a bit of a change, but try it out and give us your honest feedback, we’re always ready to listen and improve.

We hope you’re enjoying the latest upgrades to the platform. Don’t forget that ETH yield farming kicks off tomorrow. So, prestake now so you don’t miss it when it starts at 12:00 UTC. There’s a total of $50,000 worth of ETH rewards to be won during the first 30 days, so be sure to take advantage!

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blockfarm

Introducing Blockfarm – Digitex’s New Yield Farming Program

Digitex
• Digitex
May 12, 2021

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 cryptocurrencyETHbut 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!

May 12, 2021
Digitex

Introducing Blockfarm – Digitex’s New Yield Farming Program

Digitex
blockfarm

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 cryptocurrencyETHbut 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!

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What Is Yield Farming and Why You Should Farm DGTX on Uniswap? 31

What Is Yield Farming and Why You Should Farm DGTX on Uniswap?

Digitex
• Digitex
May 11, 2021

Besides day trading, there are numerous other ways to earn crypto.

One of them is yield farming, which is a popular activity in the fast-growing decentralized finance (DeFi) industry.

It usually involves more risks than usual, yet yield farming allows DeFi users to maximize their gains while earning interest on their crypto holdings.

In this article, we will introduce you to yield farming as well as show how you can use this strategy to earn DGTX rewards on Uniswap.

Let’s dive in!

What Is Yield Farming?

Yield farming is a popular strategy in the DeFi space to earn some crypto on your digital asset holdings.

However, unlike lending stablecoins to others on a centralized platform, yield farming is considered a high-risk activity, as users often utilize multiple cryptocurrencies as well as complex processes and mechanisms throughout various platforms and protocols to maximize their earnings.

An example strategy includes depositing ETH via MakerDAO (Oasis) to open a vault and receive the stablecoin DAI.

After that, you utilize the lending protocol Compound Finance to lend the DAI to others. In exchange for providing liquidity, you receive cDAI tokens from Compound, representing the number of coins you have contributed to the pool.

As the next step, you move your cDAI to another platform to either stake your coins or lend them through other protocols. Alternatively, you could use your cDAI tokens to borrow funds against your digital assets to (re)invest those via other solutions.

As you can see in the example above, the average yield farming strategy is rather complex and involves higher risks than simply lending or staking coins on a single DeFi protocol. However, at the same time, yield farming often generates more potential rewards for users.

How to Earn DGTX Rewards With Yield Farming on Uniswap?

If you are looking to generate a passive income on your crypto, you can yield farm DGTX, the next-generation digital asset exchange Digitex’s native token, on the Uniswap DEX. Each month, five million DGTX is added into the pool rewards program. 

At the time of writing this article, that’s valued at $65,000 in rewards each month, which is nearly 86.45% annual percentage yield (APY) by supplying liquidity for the DGTX/ETH trading pair on Uniswap.

On top of that, if you contribute your tokens for at least 30 days to Uniswap’s DGTX pool, your rewards are multiplied by three times to maximize your gains.

Sounds great, huh?

You can get started easily with yield farming DGTX in three simple steps:

  1. Deposit an equal amount of ETH and DGTX to Uniswap V2 to provide liquidity for the trading pair on the platform.
  2. In exchange for supplying liquidity, you will receive UNI-V2 tokens, which represent the tokens you have contributed to the pool.
  3. As the last step, deposit your UNI-V2 pool tokens to the Digitex Rewards platform to stake them and earn a passive income.

For more information about yield farming DGTX on Uniswap, we recommend checking out the following article on the Digitex blog.

Farm DGTX to Earn Rewards on Your Crypto

Once you get to grips with utilizing complex strategies and accept taking higher risks, yield farming is an excellent way to maximize your earnings and generate a passive income on your cryptocurrency holdings throughout multiple DeFi protocols.

For that reason, yield farming DGTX allows Digitex users to make some extra money on their coins while day trading crypto.

Are you ready to maximize your gains by farming DGTX on Uniswap?

Head to the Digitex Rewards platform to get started!

In the meantime, if you haven’t already, we highly recommend creating an account at Digitex to enjoy a zero-fee cryptocurrency trading experience on both the spot and futures trading markets.

May 11, 2021
Digitex

What Is Yield Farming and Why You Should Farm DGTX on Uniswap?

Digitex
What Is Yield Farming and Why You Should Farm DGTX on Uniswap? 32

Besides day trading, there are numerous other ways to earn crypto.

One of them is yield farming, which is a popular activity in the fast-growing decentralized finance (DeFi) industry.

It usually involves more risks than usual, yet yield farming allows DeFi users to maximize their gains while earning interest on their crypto holdings.

In this article, we will introduce you to yield farming as well as show how you can use this strategy to earn DGTX rewards on Uniswap.

Let’s dive in!

What Is Yield Farming?

Yield farming is a popular strategy in the DeFi space to earn some crypto on your digital asset holdings.

However, unlike lending stablecoins to others on a centralized platform, yield farming is considered a high-risk activity, as users often utilize multiple cryptocurrencies as well as complex processes and mechanisms throughout various platforms and protocols to maximize their earnings.

An example strategy includes depositing ETH via MakerDAO (Oasis) to open a vault and receive the stablecoin DAI.

After that, you utilize the lending protocol Compound Finance to lend the DAI to others. In exchange for providing liquidity, you receive cDAI tokens from Compound, representing the number of coins you have contributed to the pool.

As the next step, you move your cDAI to another platform to either stake your coins or lend them through other protocols. Alternatively, you could use your cDAI tokens to borrow funds against your digital assets to (re)invest those via other solutions.

As you can see in the example above, the average yield farming strategy is rather complex and involves higher risks than simply lending or staking coins on a single DeFi protocol. However, at the same time, yield farming often generates more potential rewards for users.

How to Earn DGTX Rewards With Yield Farming on Uniswap?

If you are looking to generate a passive income on your crypto, you can yield farm DGTX, the next-generation digital asset exchange Digitex’s native token, on the Uniswap DEX. Each month, five million DGTX is added into the pool rewards program. 

At the time of writing this article, that’s valued at $65,000 in rewards each month, which is nearly 86.45% annual percentage yield (APY) by supplying liquidity for the DGTX/ETH trading pair on Uniswap.

On top of that, if you contribute your tokens for at least 30 days to Uniswap’s DGTX pool, your rewards are multiplied by three times to maximize your gains.

Sounds great, huh?

You can get started easily with yield farming DGTX in three simple steps:

  1. Deposit an equal amount of ETH and DGTX to Uniswap V2 to provide liquidity for the trading pair on the platform.
  2. In exchange for supplying liquidity, you will receive UNI-V2 tokens, which represent the tokens you have contributed to the pool.
  3. As the last step, deposit your UNI-V2 pool tokens to the Digitex Rewards platform to stake them and earn a passive income.

For more information about yield farming DGTX on Uniswap, we recommend checking out the following article on the Digitex blog.

Farm DGTX to Earn Rewards on Your Crypto

Once you get to grips with utilizing complex strategies and accept taking higher risks, yield farming is an excellent way to maximize your earnings and generate a passive income on your cryptocurrency holdings throughout multiple DeFi protocols.

For that reason, yield farming DGTX allows Digitex users to make some extra money on their coins while day trading crypto.

Are you ready to maximize your gains by farming DGTX on Uniswap?

Head to the Digitex Rewards platform to get started!

In the meantime, if you haven’t already, we highly recommend creating an account at Digitex to enjoy a zero-fee cryptocurrency trading experience on both the spot and futures trading markets.

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