dfe

DFE July Snapshot – Progress and Next Steps

Digitex Futures
• Digitex
July 15, 2020

The last month or so has been a whirlwind of news and announcements. From development progress, new features, accelerated onboarding, DGTX token listings, price action, and more – it can be hard to keep track, even for us! So here on one page is a snapshot of the current status of the DFE launch, our progress to date, and what to expect as we move to public launch and beyond.

Exchange Progress and Onboarding

The Digitex Future testnet has now clocked up nearly eight months of usage, with around 30,000 users having created an account since launch. Since opening the mainnet in April, we’ve been onboarding users in phases. As of today, we’ve opened the doors to every single testnet user – over 30,000 people can now access zero-fee trading on the DFE mainnet.

We’d always anticipated that zero-fee trading would generate massive liquidity. After all, on every other trading platform, short term traders are actively penalized for contributing liquidity by paying a per-transaction fee. Since we started ramping up the onboarding, we’ve seen 24-hour volumes exceed $225 million. Bearing in mind that as things stand, leverage is still limited to 10x. Once we launch 100x leverage, this number could increase by a factor of ten.

The same level of liquidity is observable in the order book. A snapshot from the trading ladder from earlier today shows that there are around 200,000 contracts on either side.

DFE July Snapshot - Progress and Next Steps 1

Starting next week, we will open the floodgates to the one million people who signed up for our waitlist since the ICO in 2018, and the next step after that will be the public launch. We’ll be confirming our grand opening date soon!

It’s also worth noting that even since we’ve started onboarding users in droves, the exchange has remained highly stable with minimal issues. The few bugs we did have with our smaller groups of traders were resolved quickly and without detriment to our users, enabling us to ready the platform for a far bigger group of users.

Withdrawals have also been running smoothly. Users can currently withdraw between 1000 and 5000 DGTX automatically, with larger values requiring a support ticket which are promptly handled by our 24/7 support team.

Features and Functionality

To date, our mainnet traders have been patiently bearing with us while we continue to test the features and functionality that will be available either at the public launch, or very shortly afterward. The API is one example. Currently under testing, the development team has just confirmed that the trading element of the API is now live on the testnet.

Stop loss is currently working well on testnet, and will move to the mainnet by this Friday, which will no doubt make many of our traders very happy.

Leverage is another area currently under development. Within the next two weeks, traders will be able to increase their leverage to 25x, and by August, we’ll be offering comparable leverage to the competition with a further increase to 100x.

The development team has confirmed that ETH deposits will be enabled over the next few weeks, with ETH/DGTX transfers to follow afterward.

We also promised new markets, and those of you that have logged into the testnet will have already had the opportunity to try out our new ETHUSD contracts! The Ethereum 2.0 upgrade is due to start phasing in this summer with proof of stake promising to lock up some of the circulating ETH supply. Therefore, we’re planning to get the new contracts live on mainnet so that our users can be there to scalp zero-fee profits from all the price action that will result.

Next to come are contracts tracking the price of XRP. After that, we’ll start testing gold, oil, and the S&P 500. Once these launch, they’ll open up the DFE to a whole new audience of traders wanting exposure to commodities and stock markets.

DGTX Performance

Over recent weeks, we’ve confirmed several new exchange listings for the DGTX token, including VCC, Probit, and of course, KuCoin! All these listings help to create deeper liquidity for DGTX, making the token more accessible to a broader group of traders.

Mainnet users who don’t already have a bag of DGTX can purchase directly from the Treasury within the DFE interface.

Since we’ve started the onboarding in earnest, and together with the boost from the KuCoin listing, DGTX is trending up with increases of over 85% compared to the price last month.

DFE July Snapshot - Progress and Next Steps 2

In fact, our TA expert Ali Martinez noted in the mainnet Telegram group earlier today that DGTX could be set for a new annual high:

DFE July Snapshot - Progress and Next Steps 3

As we continue to onboard new traders, and with a marketing push around our public launch, we fully expect that demand for DGTX will continue to drive the price. And we’re not alone in this belief. Earlier this week, Ivan on Tech featured Digitex on his show, highlighting his top picks for undervalued altcoins, further underscoring the potential of DGTX to grow now that we’re almost ready to launch.

You can watch the segment below, starting at the point where Ivan talks about Digitex.

 

User Response and Engagement

All the work we’ve done so far in bringing Adam’s vision for the DFE to life has been in service of our mission – to create more winning traders. Our blog post earlier this week gathered some of the stories from Digitex mainnet users who are finally able to implement their chosen short-term trading strategies and see them turn a profit, thanks to our zero-commission model. These results and feedback are consistent with what we’ve been hearing from traders ever since we opened to the first group of 20 back at the end of April.

What’s more, our community is helping to spread the word about Digitex. Users have been rating us on TrustPilot, resulting in a 4.9 score from over 132 reviewers.

Now that we have opened the doors to thousands of traders, our mainnet Telegram group is positively buzzing. If you’re already using the DFE, then make sure you join the Telegram group using your email invite link to get more tips, tricks, market insights, and share success stories with other traders.

As you can see, there is plenty to come from the DFE!

July 15, 2020
Digitex Futures

DFE July Snapshot – Progress and Next Steps

Digitex
dfe

The last month or so has been a whirlwind of news and announcements. From development progress, new features, accelerated onboarding, DGTX token listings, price action, and more – it can be hard to keep track, even for us! So here on one page is a snapshot of the current status of the DFE launch, our progress to date, and what to expect as we move to public launch and beyond.

Exchange Progress and Onboarding

The Digitex Future testnet has now clocked up nearly eight months of usage, with around 30,000 users having created an account since launch. Since opening the mainnet in April, we’ve been onboarding users in phases. As of today, we’ve opened the doors to every single testnet user – over 30,000 people can now access zero-fee trading on the DFE mainnet.

We’d always anticipated that zero-fee trading would generate massive liquidity. After all, on every other trading platform, short term traders are actively penalized for contributing liquidity by paying a per-transaction fee. Since we started ramping up the onboarding, we’ve seen 24-hour volumes exceed $225 million. Bearing in mind that as things stand, leverage is still limited to 10x. Once we launch 100x leverage, this number could increase by a factor of ten.

The same level of liquidity is observable in the order book. A snapshot from the trading ladder from earlier today shows that there are around 200,000 contracts on either side.

DFE July Snapshot - Progress and Next Steps 4

Starting next week, we will open the floodgates to the one million people who signed up for our waitlist since the ICO in 2018, and the next step after that will be the public launch. We’ll be confirming our grand opening date soon!

It’s also worth noting that even since we’ve started onboarding users in droves, the exchange has remained highly stable with minimal issues. The few bugs we did have with our smaller groups of traders were resolved quickly and without detriment to our users, enabling us to ready the platform for a far bigger group of users.

Withdrawals have also been running smoothly. Users can currently withdraw between 1000 and 5000 DGTX automatically, with larger values requiring a support ticket which are promptly handled by our 24/7 support team.

Features and Functionality

To date, our mainnet traders have been patiently bearing with us while we continue to test the features and functionality that will be available either at the public launch, or very shortly afterward. The API is one example. Currently under testing, the development team has just confirmed that the trading element of the API is now live on the testnet.

Stop loss is currently working well on testnet, and will move to the mainnet by this Friday, which will no doubt make many of our traders very happy.

Leverage is another area currently under development. Within the next two weeks, traders will be able to increase their leverage to 25x, and by August, we’ll be offering comparable leverage to the competition with a further increase to 100x.

The development team has confirmed that ETH deposits will be enabled over the next few weeks, with ETH/DGTX transfers to follow afterward.

We also promised new markets, and those of you that have logged into the testnet will have already had the opportunity to try out our new ETHUSD contracts! The Ethereum 2.0 upgrade is due to start phasing in this summer with proof of stake promising to lock up some of the circulating ETH supply. Therefore, we’re planning to get the new contracts live on mainnet so that our users can be there to scalp zero-fee profits from all the price action that will result.

Next to come are contracts tracking the price of XRP. After that, we’ll start testing gold, oil, and the S&P 500. Once these launch, they’ll open up the DFE to a whole new audience of traders wanting exposure to commodities and stock markets.

DGTX Performance

Over recent weeks, we’ve confirmed several new exchange listings for the DGTX token, including VCC, Probit, and of course, KuCoin! All these listings help to create deeper liquidity for DGTX, making the token more accessible to a broader group of traders.

Mainnet users who don’t already have a bag of DGTX can purchase directly from the Treasury within the DFE interface.

Since we’ve started the onboarding in earnest, and together with the boost from the KuCoin listing, DGTX is trending up with increases of over 85% compared to the price last month.

DFE July Snapshot - Progress and Next Steps 5

In fact, our TA expert Ali Martinez noted in the mainnet Telegram group earlier today that DGTX could be set for a new annual high:

DFE July Snapshot - Progress and Next Steps 6

As we continue to onboard new traders, and with a marketing push around our public launch, we fully expect that demand for DGTX will continue to drive the price. And we’re not alone in this belief. Earlier this week, Ivan on Tech featured Digitex on his show, highlighting his top picks for undervalued altcoins, further underscoring the potential of DGTX to grow now that we’re almost ready to launch.

You can watch the segment below, starting at the point where Ivan talks about Digitex.

 

User Response and Engagement

All the work we’ve done so far in bringing Adam’s vision for the DFE to life has been in service of our mission – to create more winning traders. Our blog post earlier this week gathered some of the stories from Digitex mainnet users who are finally able to implement their chosen short-term trading strategies and see them turn a profit, thanks to our zero-commission model. These results and feedback are consistent with what we’ve been hearing from traders ever since we opened to the first group of 20 back at the end of April.

What’s more, our community is helping to spread the word about Digitex. Users have been rating us on TrustPilot, resulting in a 4.9 score from over 132 reviewers.

Now that we have opened the doors to thousands of traders, our mainnet Telegram group is positively buzzing. If you’re already using the DFE, then make sure you join the Telegram group using your email invite link to get more tips, tricks, market insights, and share success stories with other traders.

As you can see, there is plenty to come from the DFE!

Latest News

dfe

Latest Success Stories from Winning Traders on the DFE

Digitex Futures
• Digitex
July 13, 2020

The entire business model of the Digitex Futures exchange has always been focused on creating more winning traders. By introducing a zero-fee platform powered by the DGTX token, we’re making trading strategies such as scalp trading and swing trading profitable. It was a big vision, but we now know it’s working. Here, some of our mainnet traders share their success stories and insights.

From Investor to Trader

Eoghan has been a supporter of Digitex since the ICO, although he wasn’t a trader back then. In the time since, he spent nearly a year and a half learning everything he could about trading, but he still couldn’t turn a profit using his chosen short-term trading strategy. He explains:

“Using an infamous exchange, I managed to blow up three trading accounts before adjusting my risk level. This brought my win rate up significantly – but to my dismay, I watched as slowly over time my account balance was eaten away by commissions, which hit me particularly hard as an ultra short term trader.”

So for Eoghan, using the DFE, is an absolute no-brainer. But circumstances provided him with an additional incentive. In mid-April, he was put on furlough from his job due to the pandemic.

“I took this as a sign and decided to dive headfirst into trading full time on the DFE – I was determined to never again have to rely on the whims of others to put food on the table. Starting back with a real money account on the DFE, I began with much smaller position sizes, and immediately found myself profitable. Since the beginning of mainnet, I have managed an increase of over 107% on my total trading stack.”

Eoghan is now laser-focused on developing his skills to the point that he can gain financial freedom through trading.

19,000% Returns

Another trade, who chose to remain anonymous, shared this astounding success with us:

 

Latest Success Stories from Winning Traders on the DFE 7

 

From 12,000 DGTX to 2.3 million represents a staggering return of 19,000%. How did he achieve these kinds of results? He has a few tips for anyone wanting to replicate his success.

“The main benefit to using the DFE is the ability to scratch if a trade looks like it’s going against you. Patience is the key, waiting for the right moments to enter a trade, or waiting for a trade to be filled. But always be ready to switch positions if needed. Don’t get too attached to any trade, hoping that it will work out. Admit when you’re wrong as soon as possible, take the loss and move on.”

He also explains how zero-fees can help drive better decision-making when trading:

“Commissions limit what strategies a trader can follow. They can lead to poor decision making. On DFE a scratched trade is a scratched trade. There’s no extra penalty. This can really help psychologically, especially if executing a lot of trades throughout the day.”

From Betfair to Bitcoin

In canvassing traders to share their success stories, we heard from a few people who came to the DFE, not through the crypto scene, but because they had previously used Adam’s trading ladder on Betfair. For the benefit of the uninitiated, Adam used to be a sports betting trader, and he originally developed the ladder trading interface used by Digitex as an app for Betfair users.

Some of the guys using the Betfair ladder were apparently such a fan of it, they’ve now joined the DFE to reap the benefits of zero-commission futures trading.

Paul has been seeing consistent profits of around 3,000 DGTX per day, which he believes could increase even further with the deeper liquidity of more traders. He’s achieved this using the same technique he used with the Betfair ladder – by looking for gaps in the ladder driven by volatility in the spot price.

While he also looks for support and resistance in the one-minute and five-minute charts, he shares Adam’s view that scalping is as much about reading the markets as reading the charts. He told us:

“Scalping doesn’t have to be strategy-oriented trading. You just need to be quick enough and take the loss as quickly as you can in order to be successful long-term.”

Paul also thinks it’s high time that crypto traders start demanding a better user experience.

“I was never excited to trade on crypto exchanges because the UI was so inconvenient. That’s why when I heard of Adam’s plans, I was really pleased that someone who knows the industry is willing to apply a simple tool to enable users to trade the markets conveniently. You know for us Betfair traders, the ladder is well known! And it’s funny that most people in crypto had no idea this tool exists.”

He isn’t alone. Mika is another trader who reached out to us to share his story, who also came to the DFE via Betfair. He actually runs his own Telegram channel now, where he posts his daily trading results from the DFE.

Very much a no-nonsense kind of trader, Mika also shares many of the same views as Adam when it comes to scalping.

“My strategy is simple. I trade small moves and cut losses immediately. No indicators, no charts. With the ladder, it doesn’t matter whether the price is for horse racing or Bitcoin – the principles of trading are the same.”

It’s a strategy that’s stood him in good stead, earning steady returns of around 15% each week.

Watch and Learn

Want to see our mainnet traders in action? Digitex contributor Cryptrader regularly shares live streams of his trading sessions over on his YouTube channels. Here is one from a few weeks ago, where he shorted a breakdown of support with more than 20,000 contracts, managing a smooth entry with ease thanks to the ladder.

As he told us:

“Typically, I wouldn’t be that aggressive. But the fact there is no fees means I can get out at any moment if it appears not to go my way.

Finally, trading doesn’t have to be effortful. Check out this trading success story tweeted by Daniel:

Latest Success Stories from Winning Traders on the DFE 8

If you want to trader Bitcoin futures with zero fees, sign up here and get started today. A big thanks to all the DFE mainnet users who took the time to share their stories! 

July 13, 2020
Digitex Futures

Latest Success Stories from Winning Traders on the DFE

Digitex
dfe

The entire business model of the Digitex Futures exchange has always been focused on creating more winning traders. By introducing a zero-fee platform powered by the DGTX token, we’re making trading strategies such as scalp trading and swing trading profitable. It was a big vision, but we now know it’s working. Here, some of our mainnet traders share their success stories and insights.

From Investor to Trader

Eoghan has been a supporter of Digitex since the ICO, although he wasn’t a trader back then. In the time since, he spent nearly a year and a half learning everything he could about trading, but he still couldn’t turn a profit using his chosen short-term trading strategy. He explains:

“Using an infamous exchange, I managed to blow up three trading accounts before adjusting my risk level. This brought my win rate up significantly – but to my dismay, I watched as slowly over time my account balance was eaten away by commissions, which hit me particularly hard as an ultra short term trader.”

So for Eoghan, using the DFE, is an absolute no-brainer. But circumstances provided him with an additional incentive. In mid-April, he was put on furlough from his job due to the pandemic.

“I took this as a sign and decided to dive headfirst into trading full time on the DFE – I was determined to never again have to rely on the whims of others to put food on the table. Starting back with a real money account on the DFE, I began with much smaller position sizes, and immediately found myself profitable. Since the beginning of mainnet, I have managed an increase of over 107% on my total trading stack.”

Eoghan is now laser-focused on developing his skills to the point that he can gain financial freedom through trading.

19,000% Returns

Another trade, who chose to remain anonymous, shared this astounding success with us:

 

Latest Success Stories from Winning Traders on the DFE 9

 

From 12,000 DGTX to 2.3 million represents a staggering return of 19,000%. How did he achieve these kinds of results? He has a few tips for anyone wanting to replicate his success.

“The main benefit to using the DFE is the ability to scratch if a trade looks like it’s going against you. Patience is the key, waiting for the right moments to enter a trade, or waiting for a trade to be filled. But always be ready to switch positions if needed. Don’t get too attached to any trade, hoping that it will work out. Admit when you’re wrong as soon as possible, take the loss and move on.”

He also explains how zero-fees can help drive better decision-making when trading:

“Commissions limit what strategies a trader can follow. They can lead to poor decision making. On DFE a scratched trade is a scratched trade. There’s no extra penalty. This can really help psychologically, especially if executing a lot of trades throughout the day.”

From Betfair to Bitcoin

In canvassing traders to share their success stories, we heard from a few people who came to the DFE, not through the crypto scene, but because they had previously used Adam’s trading ladder on Betfair. For the benefit of the uninitiated, Adam used to be a sports betting trader, and he originally developed the ladder trading interface used by Digitex as an app for Betfair users.

Some of the guys using the Betfair ladder were apparently such a fan of it, they’ve now joined the DFE to reap the benefits of zero-commission futures trading.

Paul has been seeing consistent profits of around 3,000 DGTX per day, which he believes could increase even further with the deeper liquidity of more traders. He’s achieved this using the same technique he used with the Betfair ladder – by looking for gaps in the ladder driven by volatility in the spot price.

While he also looks for support and resistance in the one-minute and five-minute charts, he shares Adam’s view that scalping is as much about reading the markets as reading the charts. He told us:

“Scalping doesn’t have to be strategy-oriented trading. You just need to be quick enough and take the loss as quickly as you can in order to be successful long-term.”

Paul also thinks it’s high time that crypto traders start demanding a better user experience.

“I was never excited to trade on crypto exchanges because the UI was so inconvenient. That’s why when I heard of Adam’s plans, I was really pleased that someone who knows the industry is willing to apply a simple tool to enable users to trade the markets conveniently. You know for us Betfair traders, the ladder is well known! And it’s funny that most people in crypto had no idea this tool exists.”

He isn’t alone. Mika is another trader who reached out to us to share his story, who also came to the DFE via Betfair. He actually runs his own Telegram channel now, where he posts his daily trading results from the DFE.

Very much a no-nonsense kind of trader, Mika also shares many of the same views as Adam when it comes to scalping.

“My strategy is simple. I trade small moves and cut losses immediately. No indicators, no charts. With the ladder, it doesn’t matter whether the price is for horse racing or Bitcoin – the principles of trading are the same.”

It’s a strategy that’s stood him in good stead, earning steady returns of around 15% each week.

Watch and Learn

Want to see our mainnet traders in action? Digitex contributor Cryptrader regularly shares live streams of his trading sessions over on his YouTube channels. Here is one from a few weeks ago, where he shorted a breakdown of support with more than 20,000 contracts, managing a smooth entry with ease thanks to the ladder.

As he told us:

“Typically, I wouldn’t be that aggressive. But the fact there is no fees means I can get out at any moment if it appears not to go my way.

Finally, trading doesn’t have to be effortful. Check out this trading success story tweeted by Daniel:

Latest Success Stories from Winning Traders on the DFE 10

If you want to trader Bitcoin futures with zero fees, sign up here and get started today. A big thanks to all the DFE mainnet users who took the time to share their stories! 

Latest News

mainnet

Create a Testnet Account to Ensure You’re in Line for Mainnet

Digitex Futures
• Digitex
July 6, 2020

It’s been an absolutely stellar week for the DGTX token – 55% gains in the last seven days, according to CoinMarketCap! Winners of our 2019 waitlist contest are eligible to receive free DGTX tokens, allowing them to capitalize on some of these gains. If you’ve previously signed up for our waitlist and have been patiently waiting to access the mainnet, read on to find out how!

The Short Version: Everyone needs a testnet account to get waitlisted for the mainnet, and waitlist winners can only claim their DGTX airdrops once they’re onboarded via a testnet signup.

Call to Action – Create a Testnet Account to Ensure You Get Onboarded to Mainnet

Last week, we aimed to onboard 1,000 users from the waitlist to the DFE mainnet. Unfortunately, we weren’t quite able to hit the target, because not all waitlisters responded to our email request to ensure they had a testnet account. Because the DFE mainnet isn’t yet open to the general public, the development team has to manually grant access and to do that, users MUST have a testnet account.

So waitlisters could be missing out on the opportunity to join zero-fee trading on the mainnet simply by failing to create a testnet account. There’s no requirement for you to trade on the testnet – simply sign up and create your account. When we conduct the weekly onboarding, we will send an invitation email to notify those who are being onboarded. You can then activate your mainnet account using your testnet logon credentials, and start trading – live and with zero commissions!

I’m a Waitlist Winner – How Can I Claim My Airdropped DGTX?

If you’re a waitlist winner, you will receive your waitlist prize tokens on your account when you log in. However, you have to trade them to be able to withdraw them. Withdrawal will be permitted once you reach 5,000 contracts in traded volume, whether you’re opening long or short positions. Once you close a position that takes you over 5,000 contracts traded in total volume, you can withdraw your DGTX.

Automatic withdrawals of less than 5000 DGTX will become available by Tuesday, July 7. From that date, providing you’ve reached 5,000 contracts traded, you can withdraw your waitlist prize DGTX in the usual way.

If you want to withdraw DGTX but you haven’t yet traded 5,000 contracts, then you’ll have to contact support for your request to be considered.

Please note that automatic withdrawals are currently capped at 5,000 DGTX. If you want to withdraw more than 5,000 DGTX then you’ll have to open a support ticket in any case.

If you’re a waitlist winner and you can’t see your airdropped tokens on your account, please open a support ticket. The chances are you’re using a different email address, so our support agents will verify your eligibility and manually credit the tokens once you confirm the email address you were using for the waitlist contest.

Finally, please rest assured that the requirement to create a testnet account before mainnet onboarding only applies during the onboarding phase. Once we open to the public, there will be a single signup for the DFE which will grant friction-free access to both the testnet and the mainnet. We plan to keep the testnet live so that users can use it to back-test trading strategies and practice with play DGTX if they wish.

In summary: if you haven’t yet created your testnet account, we urge everyone to do so ASAP to ensure that we can accelerate the mainnet onboarding as quickly as possible. Thanks for your cooperation, and see you on the inside!

July 6, 2020
Digitex Futures

Create a Testnet Account to Ensure You’re in Line for Mainnet

Digitex
mainnet

It’s been an absolutely stellar week for the DGTX token – 55% gains in the last seven days, according to CoinMarketCap! Winners of our 2019 waitlist contest are eligible to receive free DGTX tokens, allowing them to capitalize on some of these gains. If you’ve previously signed up for our waitlist and have been patiently waiting to access the mainnet, read on to find out how!

The Short Version: Everyone needs a testnet account to get waitlisted for the mainnet, and waitlist winners can only claim their DGTX airdrops once they’re onboarded via a testnet signup.

Call to Action – Create a Testnet Account to Ensure You Get Onboarded to Mainnet

Last week, we aimed to onboard 1,000 users from the waitlist to the DFE mainnet. Unfortunately, we weren’t quite able to hit the target, because not all waitlisters responded to our email request to ensure they had a testnet account. Because the DFE mainnet isn’t yet open to the general public, the development team has to manually grant access and to do that, users MUST have a testnet account.

So waitlisters could be missing out on the opportunity to join zero-fee trading on the mainnet simply by failing to create a testnet account. There’s no requirement for you to trade on the testnet – simply sign up and create your account. When we conduct the weekly onboarding, we will send an invitation email to notify those who are being onboarded. You can then activate your mainnet account using your testnet logon credentials, and start trading – live and with zero commissions!

I’m a Waitlist Winner – How Can I Claim My Airdropped DGTX?

If you’re a waitlist winner, you will receive your waitlist prize tokens on your account when you log in. However, you have to trade them to be able to withdraw them. Withdrawal will be permitted once you reach 5,000 contracts in traded volume, whether you’re opening long or short positions. Once you close a position that takes you over 5,000 contracts traded in total volume, you can withdraw your DGTX.

Automatic withdrawals of less than 5000 DGTX will become available by Tuesday, July 7. From that date, providing you’ve reached 5,000 contracts traded, you can withdraw your waitlist prize DGTX in the usual way.

If you want to withdraw DGTX but you haven’t yet traded 5,000 contracts, then you’ll have to contact support for your request to be considered.

Please note that automatic withdrawals are currently capped at 5,000 DGTX. If you want to withdraw more than 5,000 DGTX then you’ll have to open a support ticket in any case.

If you’re a waitlist winner and you can’t see your airdropped tokens on your account, please open a support ticket. The chances are you’re using a different email address, so our support agents will verify your eligibility and manually credit the tokens once you confirm the email address you were using for the waitlist contest.

Finally, please rest assured that the requirement to create a testnet account before mainnet onboarding only applies during the onboarding phase. Once we open to the public, there will be a single signup for the DFE which will grant friction-free access to both the testnet and the mainnet. We plan to keep the testnet live so that users can use it to back-test trading strategies and practice with play DGTX if they wish.

In summary: if you haven’t yet created your testnet account, we urge everyone to do so ASAP to ensure that we can accelerate the mainnet onboarding as quickly as possible. Thanks for your cooperation, and see you on the inside!

Latest News

DGTX

DGTX: The Numbers Don’t Lie

Digitex Futures
• Sulla Felix
July 3, 2020

Another month has come and gone, and the Digitex Futures Platform continues to grow. With over 1,600 active users now onboarded to the Exchange, volume is starting to ramp up significantly. Every day brings us closer to the anticipated public launch and realization of the full potential that is the Digitex Futures Exchange. 

This time last month, we attempted to quantify this potential by analyzing the first 30 days trading volume on the platform. In the previous report, we used the information available from the phased on-boarding. Mapping the number of registered users with the daily transaction volume of the exchange, we were able to extrapolate this data and estimate the potential 24-hour volume generated by a larger user base. This report estimated that with an arbitrary 5,000 users Digitex could potentially generate $1 Billion USD in daily volume transacted.

We also outlined that this projection was highly speculative, as it was based on only a few data points. It also held the assumption that future traders would operate at the same trading rate as the initial batches of onboarded traders to the DFE. We promised to continue to monitor and amend this projection over the coming weeks, so here we go with a second round, based on another month’s worth of trading data.

64 Days – 1070 Traders

As touched upon above, the phased onboarding of users has allowed us to investigate the relationship between userbase and daily volume. With 9 different onboardings and another month of trading, we now have more than twice as much data available to expand upon the previous analysis. Below are two graphs representing the updated metrics:

DGTX: The Numbers Don't Lie 11

DGTX: The Numbers Don't Lie 12

The first plot overlays the number of traders registered on the Digitex Futures Exchange with the daily 24-hour volumes transacted by that number of users. The second plot groups the daily volumes traded into their respective user brackets to show the range of volumes traded as each additional batch of users are onboarded.

What is immediately evident is that an increase in active traders’ correlates to an increase in 24 Hour Trading Volume. Thus far, with a user base of only 1,020 traders Digitex is generating daily volumes ranging from $100M to $140M.

The trend shown after 64 days is consistent with what we previously projected after 31 days of trading. Updating the projection for a userbase of 5,000 active traders we still see the same trajectory and an estimate of $1 Billion USD daily volume.

DGTX: The Numbers Don't Lie 13

The DGTX Potential

So what does all of this mean for the DGTX token? At the time of writing, the Digitex team is laying the groundwork in preparation for a successful public launch, the extent of which should not be underemphasized. With more than 29,000 test-net users and over 28,000 telegram members, it is evident that a demand exists to trade on this platform.

If Digitex can convert 35% of current testnet users to the mainnet, that would result in a userbase of 10,000 users and potentially generate a daily BTC Perpetual Futures volume of over $2Billion USD. This would place Digitex in the top three perpetual futures exchanges currently in the market.

That alone would promote further adoption – if not mass adoption – as DGTX rises through the rankings.

With a testnet conversion of 75% (20,000 users) we could project from the current data that a daily volume in the region of $4Billion USD is achievable, assuming the same rate of trading amongst future traders that currently exists in our 1,020 mainnet users.

This would place Digitex Futures as the leading Bitcoin Perpetual Futures Exchange on the market.

DGTX: The Numbers Don't Lie 14 DGTX: The Numbers Don't Lie 15

Although this model is still in the early stages of its development, it is based on the current daily volumes that are actually being generated by the current users of the platform, and, the numbers don’t lie.

What this tells me is that there is one simple thing that each of us current DGTX holders should do in order to help our investment succeed:

Sign-Up and use the mainnet when it is available.

The reason this is the single most important thing for the community to do is because it promotes adoption.

Demand and Adoption

When new innovative products are introduced to a market they go through what is known as The Technology Adoption Lifecycle. This is detailed by Geoffrey A. Moore in his book Crossing the Chasm.

In this book, he outlines that the market is split into 5 key market segments that a product must conquer in order to achieve its full potential. These categories exist due to human personalities where Innovators and Early Adopters are higher risk higher reward thinkers who adopt technology because they see its potential and believe in its future. They’re prepared to deal with the kinks of up-and-coming companies because they know that it will have a bright future. If you’re reading this, the chances are you’re in one of the first two categories of the market, accounting for only 16% in total.

The Early and Late Majority of the market account for the majority of the Mainstream Market and 68% of the total market. The Early Majority is the most important market segment to win over. When companies successfully navigate the chasm and are successfully adopted by the mainstream market, they can see exponential growth.

At this moment in time Digitex Futures is preparing to cross the chasm.

DGTX: The Numbers Don't Lie 16

To achieve mainstream adoption, the Early Majority likes to see that the product offers a whole solution, they take advice from other like-minded people and once they see that it is being adopted they will follow suit.

Therefore, the key to unlocking the DGTX potential is to cross the chasm and win the adoption of the mainstream market. To do this, the mainstream market needs to see that the product is in demand and providing a whole solution.

Once the Early Majority see Digitex Futures Daily Volume rising on the CMC rankings, adoption will follow. The best way to achieve this is simply trading on the Exchange.

The DGTX Token Price

The big question – how does this relate to the DGTX token price? In this report, we used the current data to extrapolate the potential volume of Digitex Futures with user adoption. This suggests that Digitex can compete as a top Exchange in the BTC Derivatives markets. The current market-leading exchanges currently have 24 Hour Volumes in the region of $1.7Bn to $4.4Bn which results in 24hr Open Interest ranging from $561M to $1Bn.

 

With open interest being the sum of all open positions on an exchange, it serves as a great indicator of the demand for the DGTX token.

Taking the values above as a base for open interest on the Digitex platform and using the token velocity model previously developed, we can project a price for the DGTX token.

DGTX: The Numbers Don't Lie 17

This projects that if the Digitex Futures Exchange can grow to compete as a top-three BTC Derivatives Exchange, the utility demand for the DGTX token will drive the price to be in the range of $2.00 – $7.00.

Although this model is not perfect, it highlights that using the DGTX token to trade creates a demand for DGTX. As Digitex Trading Volume and Open Interest grows, its limited supply will begin to get throttled. To be able to continuously facilitate such large monetary transactions, with its limited supply, the DGTX token must appreciate in value.

If you’ve been waiting for the DFE to onboard you, then you don’t have to wait much longer. We’re onboarding waitlisted and testnet users over the coming weeks ahead of launch. Before we open to the public, all mainnet users will first need to create a testnet account so we can onboard you. So make sure you’ve signed up to avoid any delays in getting you onto the mainnet. 

July 3, 2020
Digitex Futures

DGTX: The Numbers Don’t Lie

Sulla Felix
DGTX

Another month has come and gone, and the Digitex Futures Platform continues to grow. With over 1,600 active users now onboarded to the Exchange, volume is starting to ramp up significantly. Every day brings us closer to the anticipated public launch and realization of the full potential that is the Digitex Futures Exchange. 

This time last month, we attempted to quantify this potential by analyzing the first 30 days trading volume on the platform. In the previous report, we used the information available from the phased on-boarding. Mapping the number of registered users with the daily transaction volume of the exchange, we were able to extrapolate this data and estimate the potential 24-hour volume generated by a larger user base. This report estimated that with an arbitrary 5,000 users Digitex could potentially generate $1 Billion USD in daily volume transacted.

We also outlined that this projection was highly speculative, as it was based on only a few data points. It also held the assumption that future traders would operate at the same trading rate as the initial batches of onboarded traders to the DFE. We promised to continue to monitor and amend this projection over the coming weeks, so here we go with a second round, based on another month’s worth of trading data.

64 Days – 1070 Traders

As touched upon above, the phased onboarding of users has allowed us to investigate the relationship between userbase and daily volume. With 9 different onboardings and another month of trading, we now have more than twice as much data available to expand upon the previous analysis. Below are two graphs representing the updated metrics:

DGTX: The Numbers Don't Lie 18

DGTX: The Numbers Don't Lie 19

The first plot overlays the number of traders registered on the Digitex Futures Exchange with the daily 24-hour volumes transacted by that number of users. The second plot groups the daily volumes traded into their respective user brackets to show the range of volumes traded as each additional batch of users are onboarded.

What is immediately evident is that an increase in active traders’ correlates to an increase in 24 Hour Trading Volume. Thus far, with a user base of only 1,020 traders Digitex is generating daily volumes ranging from $100M to $140M.

The trend shown after 64 days is consistent with what we previously projected after 31 days of trading. Updating the projection for a userbase of 5,000 active traders we still see the same trajectory and an estimate of $1 Billion USD daily volume.

DGTX: The Numbers Don't Lie 20

The DGTX Potential

So what does all of this mean for the DGTX token? At the time of writing, the Digitex team is laying the groundwork in preparation for a successful public launch, the extent of which should not be underemphasized. With more than 29,000 test-net users and over 28,000 telegram members, it is evident that a demand exists to trade on this platform.

If Digitex can convert 35% of current testnet users to the mainnet, that would result in a userbase of 10,000 users and potentially generate a daily BTC Perpetual Futures volume of over $2Billion USD. This would place Digitex in the top three perpetual futures exchanges currently in the market.

That alone would promote further adoption – if not mass adoption – as DGTX rises through the rankings.

With a testnet conversion of 75% (20,000 users) we could project from the current data that a daily volume in the region of $4Billion USD is achievable, assuming the same rate of trading amongst future traders that currently exists in our 1,020 mainnet users.

This would place Digitex Futures as the leading Bitcoin Perpetual Futures Exchange on the market.

DGTX: The Numbers Don't Lie 21 DGTX: The Numbers Don't Lie 22

Although this model is still in the early stages of its development, it is based on the current daily volumes that are actually being generated by the current users of the platform, and, the numbers don’t lie.

What this tells me is that there is one simple thing that each of us current DGTX holders should do in order to help our investment succeed:

Sign-Up and use the mainnet when it is available.

The reason this is the single most important thing for the community to do is because it promotes adoption.

Demand and Adoption

When new innovative products are introduced to a market they go through what is known as The Technology Adoption Lifecycle. This is detailed by Geoffrey A. Moore in his book Crossing the Chasm.

In this book, he outlines that the market is split into 5 key market segments that a product must conquer in order to achieve its full potential. These categories exist due to human personalities where Innovators and Early Adopters are higher risk higher reward thinkers who adopt technology because they see its potential and believe in its future. They’re prepared to deal with the kinks of up-and-coming companies because they know that it will have a bright future. If you’re reading this, the chances are you’re in one of the first two categories of the market, accounting for only 16% in total.

The Early and Late Majority of the market account for the majority of the Mainstream Market and 68% of the total market. The Early Majority is the most important market segment to win over. When companies successfully navigate the chasm and are successfully adopted by the mainstream market, they can see exponential growth.

At this moment in time Digitex Futures is preparing to cross the chasm.

DGTX: The Numbers Don't Lie 23

To achieve mainstream adoption, the Early Majority likes to see that the product offers a whole solution, they take advice from other like-minded people and once they see that it is being adopted they will follow suit.

Therefore, the key to unlocking the DGTX potential is to cross the chasm and win the adoption of the mainstream market. To do this, the mainstream market needs to see that the product is in demand and providing a whole solution.

Once the Early Majority see Digitex Futures Daily Volume rising on the CMC rankings, adoption will follow. The best way to achieve this is simply trading on the Exchange.

The DGTX Token Price

The big question – how does this relate to the DGTX token price? In this report, we used the current data to extrapolate the potential volume of Digitex Futures with user adoption. This suggests that Digitex can compete as a top Exchange in the BTC Derivatives markets. The current market-leading exchanges currently have 24 Hour Volumes in the region of $1.7Bn to $4.4Bn which results in 24hr Open Interest ranging from $561M to $1Bn.

 

With open interest being the sum of all open positions on an exchange, it serves as a great indicator of the demand for the DGTX token.

Taking the values above as a base for open interest on the Digitex platform and using the token velocity model previously developed, we can project a price for the DGTX token.

DGTX: The Numbers Don't Lie 24

This projects that if the Digitex Futures Exchange can grow to compete as a top-three BTC Derivatives Exchange, the utility demand for the DGTX token will drive the price to be in the range of $2.00 – $7.00.

Although this model is not perfect, it highlights that using the DGTX token to trade creates a demand for DGTX. As Digitex Trading Volume and Open Interest grows, its limited supply will begin to get throttled. To be able to continuously facilitate such large monetary transactions, with its limited supply, the DGTX token must appreciate in value.

If you’ve been waiting for the DFE to onboard you, then you don’t have to wait much longer. We’re onboarding waitlisted and testnet users over the coming weeks ahead of launch. Before we open to the public, all mainnet users will first need to create a testnet account so we can onboard you. So make sure you’ve signed up to avoid any delays in getting you onto the mainnet. 

Latest News

dfe

1000 Users, Weekend Quiz Results, and More DFE News

Digitex Futures
• Digitex
June 29, 2020

Last week, we onboarded another group of traders to the DFE, meaning that we now have more than 1000 users on the mainnet! We’ve hit record weekend volumes, and we’ll be ramping up our new users over July in advance of the public launch. Plus, we have the first results from the participant of our brand new quiz announced on Friday! Read on for all the details.

First 1000 Users on the DFE

After onboarding another group of users to the DFE towards the end of last week, we now have a total of 1,070 traders live on mainnet! Weekend trading saw record 24-hour volume highs – 18.8 million contracts, with a notional value of over $145 million.

The phased onboarding throughout May and June has been slow and steady, but it’s given us the opportunity to test the platform and weed out some of the residual bugs that couldn’t be identified on the testnet version.

Now, we’re in a solid position to ramp up the onboarding throughout July, in advance of a full public launch. The developers have already confirmed that we’ll be onboarding at least another 1,000 users this week, meaning that the numbers are likely to continue increasing at a much faster rate from now on.

We’ve already started planning for a big launch day live trading event. We can’t give too much away, but we can promise it’s going to be huge!

Mainnet June Promo Now Complete

Throughout June, mainnet users have been automatically allocated with 1,000 DGTX tokens at onboarding. This promotion has now ended, and future newcomers will need to deposit DGTX into their accounts before they can start trading.

The exception is those who participated in the 2019 waitlist contest. During this week, we’ll be contacting those who are eligible to claim their prizes.

First Results from the Quiz!

On Friday, we announced the launch of a new, interactive quiz for visitors to our website. We issued a call for our community to kick off participation, and as always, Digitex’s loyal army of supporters didn’t disappoint! We’ve had just short of 600 participants, giving us some intriguing insights into the makeup of our community.

Here are ten highlights:

  1. 80% of you are either HODLers or active traders
  2. 69% of you are between 26 and 44 years old
  3. 50% of you are aiming to achieve financial freedom, but only 16% of you see yourselves becoming full-time traders
  4. 48% of you have been with Digitex since the ICO, while 1% (seven people) only discovered Digitex the day before!
  5. Over 80% of you take a fairly cautious approach to risk, opting for a “slow and steady” or “balanced” approach to trading and investing, and most of you are prepared to wait months or years for results, with only 8% of you expecting instant gains
  6. 82% of you are experienced in the crypto space. Startlingly, the Digitex community is home to no fewer than 32 Satoshi Nakamotos!
  7. Less than half of you are in crypto just for the money. 55% of you said you’re most excited about technology, community, or the privacy aspects of digital assets
  8. 55% of you prefer to travel in style, choosing a Lambo or jet, while 19% of you are happy to join Adam on his skateboard
  9. 9% of you are whales
  10. Chocolate ice-cream rules!

As promised, we’ve raffled 10,000 DGTX to be split equally between 10 winners. Winners have been notified by email and should ensure they have a Digitex testnet account to be eligible to receive their prizes. Thanks to everyone who’s participated so far – we’re really enjoying the chance to get to know you all that little bit better!

June 29, 2020
Digitex Futures

1000 Users, Weekend Quiz Results, and More DFE News

Digitex
dfe

Last week, we onboarded another group of traders to the DFE, meaning that we now have more than 1000 users on the mainnet! We’ve hit record weekend volumes, and we’ll be ramping up our new users over July in advance of the public launch. Plus, we have the first results from the participant of our brand new quiz announced on Friday! Read on for all the details.

First 1000 Users on the DFE

After onboarding another group of users to the DFE towards the end of last week, we now have a total of 1,070 traders live on mainnet! Weekend trading saw record 24-hour volume highs – 18.8 million contracts, with a notional value of over $145 million.

The phased onboarding throughout May and June has been slow and steady, but it’s given us the opportunity to test the platform and weed out some of the residual bugs that couldn’t be identified on the testnet version.

Now, we’re in a solid position to ramp up the onboarding throughout July, in advance of a full public launch. The developers have already confirmed that we’ll be onboarding at least another 1,000 users this week, meaning that the numbers are likely to continue increasing at a much faster rate from now on.

We’ve already started planning for a big launch day live trading event. We can’t give too much away, but we can promise it’s going to be huge!

Mainnet June Promo Now Complete

Throughout June, mainnet users have been automatically allocated with 1,000 DGTX tokens at onboarding. This promotion has now ended, and future newcomers will need to deposit DGTX into their accounts before they can start trading.

The exception is those who participated in the 2019 waitlist contest. During this week, we’ll be contacting those who are eligible to claim their prizes.

First Results from the Quiz!

On Friday, we announced the launch of a new, interactive quiz for visitors to our website. We issued a call for our community to kick off participation, and as always, Digitex’s loyal army of supporters didn’t disappoint! We’ve had just short of 600 participants, giving us some intriguing insights into the makeup of our community.

Here are ten highlights:

  1. 80% of you are either HODLers or active traders
  2. 69% of you are between 26 and 44 years old
  3. 50% of you are aiming to achieve financial freedom, but only 16% of you see yourselves becoming full-time traders
  4. 48% of you have been with Digitex since the ICO, while 1% (seven people) only discovered Digitex the day before!
  5. Over 80% of you take a fairly cautious approach to risk, opting for a “slow and steady” or “balanced” approach to trading and investing, and most of you are prepared to wait months or years for results, with only 8% of you expecting instant gains
  6. 82% of you are experienced in the crypto space. Startlingly, the Digitex community is home to no fewer than 32 Satoshi Nakamotos!
  7. Less than half of you are in crypto just for the money. 55% of you said you’re most excited about technology, community, or the privacy aspects of digital assets
  8. 55% of you prefer to travel in style, choosing a Lambo or jet, while 19% of you are happy to join Adam on his skateboard
  9. 9% of you are whales
  10. Chocolate ice-cream rules!

As promised, we’ve raffled 10,000 DGTX to be split equally between 10 winners. Winners have been notified by email and should ensure they have a Digitex testnet account to be eligible to receive their prizes. Thanks to everyone who’s participated so far – we’re really enjoying the chance to get to know you all that little bit better!

Latest News

digitex

Ten Reasons Digitex is Here to Stay

Digitex Futures
• Sulla Felix
June 25, 2020

This summer, Digitex is set to open the doors on the DFE mainnet, marking the first time in history that anyone can implement a profitable scalping strategy trading cryptocurrency futures. It’s been quite the journey to get to this point, but the efforts involved mean that we’ve had ample opportunity to demonstrate that we’re in it for the long game. Here are ten reasons why Digitex is here to stay. 

We Have a Mainnet That Will Revolutionize the Market

The mainnet is due to hit over a thousand users this week and the overall feedback has been exceptionally positive. Traders have loved battling it out on the platform and have used this opportunity to provide feedback to the team. This feedback has been absorbed and is coming through on the platform in improvements so that every new batch of traders is getting a better experience than the last.

Even with a limited number of traders, the mainnet platform has been generating some exceptional volume which is not only a sign of the DGTX token utility but also its fun and ease of use. Traders have found themselves unable to leave their screen, simply glued to the exchange.

With a world-class exchange already running, and a commitment to continuous improvement, the Digitex Futures mainnet looks set to go stellar from here.

Zero-Fee Trading Will Open up to Vast New Audiences of Scalpers and Gamblers Worldwide

Digitex Futures is the only platform to offer zero-fee trading and this is an exceptionally powerful offering. Without fees, a whole host of potential trading strategies become available that would otherwise be unprofitable on another platform. 

Suddenly, small price variation strategies such as one or two tick scalps, have a much higher probability of success as fees are not deducted from profits. Zero fees also facilitate scratch trades that would otherwise have been a loss on another platform. This allows users to exit trades and reverse their position on the same price level without a penalty incurred.

For each losing trade that you cut on the Digitex Exchange you have a saving of 0.075% compared to most other crypto futures platforms. If you maintain tight stops, this can cut your losses significantly and ultimately improve your risk:reward ratio. If you are following a strategy that typically takes a higher number of controlled losses for each gain, then saving fees will contribute to a healthier trading profit and loss over time.

We Have Crypto’s First Trading Ladder Interface That’s Intuitive and Addictive

Digitex Futures offers single-click trading through its ladder trading interface. One click, one order. The Digitex ladder allows quick reactions to price movements and for that reason is preferred by scalpers who operate in volatile markets. It is well known that Bitcoin is famous for its volatility and the ladder complements this volatility beautifully.

With single-click orders and cancelations, the trader never needs to move their mouse away from the ladder interface. In standard exchanges placing orders can be a multi-click process where sudden price swings can leave you fumbling to exit your position. Trading the Digitex ladder gives you a chance to react quickly if the asset moves against you. In just two clicks on the Digitex ladder, you can not only exit your position but reverse your position on the fly.

In addition to ease of use, the ladder interface offers depth of market feedback giving you a visual representation of the order book, including profit and loss values at each tick. You can also easily see the number of contracts at each price level and use the right-click function to neatly close your total position size.

The quick trading that the ladder encourages will create a more liquid market as traders will be looking to scalp at every price increment.

We Have a Visionary CEO

This is not Adam Todd’s first rodeo. In 2004 Adam launched a Betfair trading application which was focused around a ladder trading UI for Betfair’s horse racing. The driving force for this was usability as Adam wanted a more efficient way to place large quantities of bets per day. The software was initially developed for himself, but Adam began to offer this to the market, and before he knew it an app was live, that still runs to this day nearly 16 years later.

With this background, Adam saw an opportunity to present the same to the crypto community, this time packing in the benefit of zero-fees. With a trading background, Adam is acutely aware of the effects of fees on a trader’s profit and loss sheet at the end of the day. By utilizing the DGTX token Adam has created a way for traders to operate without battling against fees, solving another problem on his list, and opening it up to the masses. 

Arguably Adam’s best attribute, and possibly the only reason many of the community stayed throughout, is his attitude to success. Adam will not stop or accept defeat. One year on from an exceptionally difficult announcement of a delay in development, Adam has delivered on his promise, providing a single click ladder interface on a zero fee, perpetual futures trading platform. 

Adam knows that if he is experiencing pain points, so too are others. It is this vision and drive to match that has helped him in the past, got him to the present, and will drive Digitex in the future to come.

We Have a Stellar Team

Adam is open enough to admit that until he started working on the Digitex project, he was a lone wolf. However, part of the journey he’s been on since the ICO is recognizing the benefit of having the right people around him to make Digitex a success. This has recently involved hiring some stellar talent that complement his own style. 

For example, he recently promoted Chris Psallidas to Chief Operations Officer for his efforts in implementing the right back-office systems, tools, and processes to help Digitex grow and scale leading up to the public launch. We now have Yuliya Sporysh providing a business-critical bridge between exchange operations, maintenance, and development. Alex Lozoviuk is heading up all technological matters related to exchange development. 

And not forgetting, Digitex’s longest-standing team member, Adam’s right-hand woman, and a force to be reckoned with, Marketing Director Lidia Yadlos. She’s created a viral marketing and PR machine that can spread the word about Digitex far and wide. 

There are too many others to name them all individually. But suffice to say, there are now close to 70 people working on Digitex, and we’re still hiring. Every single one is working hard to bring the zero-fee trading vision to life. 

We Have a Large and Loyal Community

The Digitex community has become one of the most resilient in the cryptocurrency space, never losing sight of the potential that the Digitex Futures Exchange will offer its users. Having suffered setbacks, true believers of a zero-fee trading platform have taken the chance to not only fill their bags but also contribute to the growth of this project. 

Between creating trading tutorials to help new users, administering community Telegram groups, and providing feedback on exchange operations, the Digitex community has banded together to support in whatever way they can to keep this vision alive.

With full public access getting closer by the day, the anticipation is evident across all social platforms. Over 28,000 Telegram members and 65,000 Twitter followers are tuning in to every announcement waiting to hear those magic words, and once they do, that is just the beginning.  

We have a Sustainable Funding Source via the Treasury

Two years since the Digitex Futures ICO in January 2018 and the Digitex Treasury has proven to be a very sustainable source of funding for the development of the platform. With the quarterly release of 10 million DGTX tokens, Digitex Futures has a secure investment source to continue development and operations going forward. With the final planned smart contract release sale scheduled for June 1st 2021, the Digitex team will be kept busy continuously developing and improving the exchange to ensure it is here to stay.  

Ten Reasons Digitex is Here to Stay 25

We’re in a Rapidly Growing Industry

As a futures trading platform, Digitex will be competing for market share of futures for each individual market that it offers users on the platform. With BTC as the first perpetual market that has been listed on the exchange, it makes sense to first look at the current market competitors metrics. Below are two graphs showing some daily volume and open interest metrics for current Bitcoin Futures Exchanges. From these, it’s evident that both volume transacted and open interest in Bitcoin perpetuals is growing, even despite recent difficult market conditions.

Ten Reasons Digitex is Here to Stay 26 Ten Reasons Digitex is Here to Stay 27

Soon Digitex will offer other crypto-currency trading pairs such as Ethereum. Following a similar trajectory as Bitcoin, it is evident that the Ethereum Futures market continues to grow.

Ten Reasons Digitex is Here to Stay 28 Ten Reasons Digitex is Here to Stay 29

(Source for all charts – Skew.com)

As Digitex lists each new market and begins to offer traditional trading pairs such as gold, oil, indices, and stocks, users of the platform will have a one-stop-shop for a large variety of equities.  Meaning, that even if one equity ‘goes under’ Digitex has other markets which traders can still access.

We Have a Token With Real Utility

The most important thing a company can do is supply a solution to a demand. A demand can come from anything, whether people want to binge-watch television, store their personal information in the cloud or just chill out on a beach. Where demand exists, so too does a group of companies hoping to provide their solution, known as the market. The reason a market develops where demand exists is because people are willing to pay for the solutions these companies are offering.

In the crypto space, these demands are satisfied in the form of cryptographic solutions. Trustless transactions, secure payments, cloud computing resourcing, and zero-commission trading to name just a few. Solutions to these demands are presented in the market as cryptographic tokens, which are developed for a specific use case to fulfill these demands.

When ICO mania hit, the word utility suddenly became the key term in understanding if your tokens could appreciate in value. It became apparent that many either didn’t fulfill a demand or didn’t have the utility to be useful in solving the problem. Digitex Futures, however, is proving its utility every day on its mainnet platform.

Utility can be defined as ‘a state of being useful, profitable or beneficial’. Digitex Futures has offered the crypto market a place to trade futures contracts with zero commissions by buying and using the DGTX token. In previous blog posts, we have presented the financial advantage that zero-fee trading offers its users. As the only company in the crypto marketplace offering zero-fee trading, Digitex is presenting value to its users who can now turn unprofitable scalping strategies into profit. In this way, the DGTX tokens real utility is in offering a cost-saving advantage to traders.

Perhaps the most powerful aspect of the DGTX tokens utility is its flexibility to stretch across multiple markets, not only adding value to crypto traders but also targeted at fulfilling this need across other markets in commodities, indices, and traditional stock. With each opening market will come more usefulness of the DGTX token as it presents the only solution to the demand of zero-fee trading.   

We Have Insane Liquidity Even With Only a Few Hundred Traders 

Since the soft launch on April 27th, Digitex Futures has now onboarded 870 users, from which over $100M USD of daily volume is generated on an on-going basis. During the weekend we saw around 12% volume growth when compared with weekday activity, and today’s traded volume reached a new record high of $132M USD in the last 24 hours. This, with only 870 traders, highlights the liquidity potential that Digitex Futures truly has. A quick look at the top BTC derivatives markets highlights that with only 870 onboarded traders, the exchange is achieving a daily volume comparable to that of BTSE and Deribit leaving Digitex competing in the top 10.  

Ten Reasons Digitex is Here to Stay 30

In a previous report, we outlined and estimated the potential daily volume achievable by the Digitex Futures Platform. This projected that with 5,000 users DGTX could generate a daily volume in the region of $1BN USD, which would make Digitex the fourth largest of the derivative exchanges currently leading the BTC market. Currently sitting in fourth is Bybit where comparably Bybit boasts a user base of 400,000 strong!  

Digitex has created an exchange which promotes fast and frequent transactions, gives the edge to the trader and wraps it up within an exceptionally easy to use UI. Once DGTX opens its doors for full public launch, the trading volume on the Digitex Futures Exchange could very easily exceed any other exchange on the market.

June 25, 2020
Digitex Futures

Ten Reasons Digitex is Here to Stay

Sulla Felix
digitex

This summer, Digitex is set to open the doors on the DFE mainnet, marking the first time in history that anyone can implement a profitable scalping strategy trading cryptocurrency futures. It’s been quite the journey to get to this point, but the efforts involved mean that we’ve had ample opportunity to demonstrate that we’re in it for the long game. Here are ten reasons why Digitex is here to stay. 

We Have a Mainnet That Will Revolutionize the Market

The mainnet is due to hit over a thousand users this week and the overall feedback has been exceptionally positive. Traders have loved battling it out on the platform and have used this opportunity to provide feedback to the team. This feedback has been absorbed and is coming through on the platform in improvements so that every new batch of traders is getting a better experience than the last.

Even with a limited number of traders, the mainnet platform has been generating some exceptional volume which is not only a sign of the DGTX token utility but also its fun and ease of use. Traders have found themselves unable to leave their screen, simply glued to the exchange.

With a world-class exchange already running, and a commitment to continuous improvement, the Digitex Futures mainnet looks set to go stellar from here.

Zero-Fee Trading Will Open up to Vast New Audiences of Scalpers and Gamblers Worldwide

Digitex Futures is the only platform to offer zero-fee trading and this is an exceptionally powerful offering. Without fees, a whole host of potential trading strategies become available that would otherwise be unprofitable on another platform. 

Suddenly, small price variation strategies such as one or two tick scalps, have a much higher probability of success as fees are not deducted from profits. Zero fees also facilitate scratch trades that would otherwise have been a loss on another platform. This allows users to exit trades and reverse their position on the same price level without a penalty incurred.

For each losing trade that you cut on the Digitex Exchange you have a saving of 0.075% compared to most other crypto futures platforms. If you maintain tight stops, this can cut your losses significantly and ultimately improve your risk:reward ratio. If you are following a strategy that typically takes a higher number of controlled losses for each gain, then saving fees will contribute to a healthier trading profit and loss over time.

We Have Crypto’s First Trading Ladder Interface That’s Intuitive and Addictive

Digitex Futures offers single-click trading through its ladder trading interface. One click, one order. The Digitex ladder allows quick reactions to price movements and for that reason is preferred by scalpers who operate in volatile markets. It is well known that Bitcoin is famous for its volatility and the ladder complements this volatility beautifully.

With single-click orders and cancelations, the trader never needs to move their mouse away from the ladder interface. In standard exchanges placing orders can be a multi-click process where sudden price swings can leave you fumbling to exit your position. Trading the Digitex ladder gives you a chance to react quickly if the asset moves against you. In just two clicks on the Digitex ladder, you can not only exit your position but reverse your position on the fly.

In addition to ease of use, the ladder interface offers depth of market feedback giving you a visual representation of the order book, including profit and loss values at each tick. You can also easily see the number of contracts at each price level and use the right-click function to neatly close your total position size.

The quick trading that the ladder encourages will create a more liquid market as traders will be looking to scalp at every price increment.

We Have a Visionary CEO

This is not Adam Todd’s first rodeo. In 2004 Adam launched a Betfair trading application which was focused around a ladder trading UI for Betfair’s horse racing. The driving force for this was usability as Adam wanted a more efficient way to place large quantities of bets per day. The software was initially developed for himself, but Adam began to offer this to the market, and before he knew it an app was live, that still runs to this day nearly 16 years later.

With this background, Adam saw an opportunity to present the same to the crypto community, this time packing in the benefit of zero-fees. With a trading background, Adam is acutely aware of the effects of fees on a trader’s profit and loss sheet at the end of the day. By utilizing the DGTX token Adam has created a way for traders to operate without battling against fees, solving another problem on his list, and opening it up to the masses. 

Arguably Adam’s best attribute, and possibly the only reason many of the community stayed throughout, is his attitude to success. Adam will not stop or accept defeat. One year on from an exceptionally difficult announcement of a delay in development, Adam has delivered on his promise, providing a single click ladder interface on a zero fee, perpetual futures trading platform. 

Adam knows that if he is experiencing pain points, so too are others. It is this vision and drive to match that has helped him in the past, got him to the present, and will drive Digitex in the future to come.

We Have a Stellar Team

Adam is open enough to admit that until he started working on the Digitex project, he was a lone wolf. However, part of the journey he’s been on since the ICO is recognizing the benefit of having the right people around him to make Digitex a success. This has recently involved hiring some stellar talent that complement his own style. 

For example, he recently promoted Chris Psallidas to Chief Operations Officer for his efforts in implementing the right back-office systems, tools, and processes to help Digitex grow and scale leading up to the public launch. We now have Yuliya Sporysh providing a business-critical bridge between exchange operations, maintenance, and development. Alex Lozoviuk is heading up all technological matters related to exchange development. 

And not forgetting, Digitex’s longest-standing team member, Adam’s right-hand woman, and a force to be reckoned with, Marketing Director Lidia Yadlos. She’s created a viral marketing and PR machine that can spread the word about Digitex far and wide. 

There are too many others to name them all individually. But suffice to say, there are now close to 70 people working on Digitex, and we’re still hiring. Every single one is working hard to bring the zero-fee trading vision to life. 

We Have a Large and Loyal Community

The Digitex community has become one of the most resilient in the cryptocurrency space, never losing sight of the potential that the Digitex Futures Exchange will offer its users. Having suffered setbacks, true believers of a zero-fee trading platform have taken the chance to not only fill their bags but also contribute to the growth of this project. 

Between creating trading tutorials to help new users, administering community Telegram groups, and providing feedback on exchange operations, the Digitex community has banded together to support in whatever way they can to keep this vision alive.

With full public access getting closer by the day, the anticipation is evident across all social platforms. Over 28,000 Telegram members and 65,000 Twitter followers are tuning in to every announcement waiting to hear those magic words, and once they do, that is just the beginning.  

We have a Sustainable Funding Source via the Treasury

Two years since the Digitex Futures ICO in January 2018 and the Digitex Treasury has proven to be a very sustainable source of funding for the development of the platform. With the quarterly release of 10 million DGTX tokens, Digitex Futures has a secure investment source to continue development and operations going forward. With the final planned smart contract release sale scheduled for June 1st 2021, the Digitex team will be kept busy continuously developing and improving the exchange to ensure it is here to stay.  

Ten Reasons Digitex is Here to Stay 31

We’re in a Rapidly Growing Industry

As a futures trading platform, Digitex will be competing for market share of futures for each individual market that it offers users on the platform. With BTC as the first perpetual market that has been listed on the exchange, it makes sense to first look at the current market competitors metrics. Below are two graphs showing some daily volume and open interest metrics for current Bitcoin Futures Exchanges. From these, it’s evident that both volume transacted and open interest in Bitcoin perpetuals is growing, even despite recent difficult market conditions.

Ten Reasons Digitex is Here to Stay 32 Ten Reasons Digitex is Here to Stay 33

Soon Digitex will offer other crypto-currency trading pairs such as Ethereum. Following a similar trajectory as Bitcoin, it is evident that the Ethereum Futures market continues to grow.

Ten Reasons Digitex is Here to Stay 34 Ten Reasons Digitex is Here to Stay 35

(Source for all charts – Skew.com)

As Digitex lists each new market and begins to offer traditional trading pairs such as gold, oil, indices, and stocks, users of the platform will have a one-stop-shop for a large variety of equities.  Meaning, that even if one equity ‘goes under’ Digitex has other markets which traders can still access.

We Have a Token With Real Utility

The most important thing a company can do is supply a solution to a demand. A demand can come from anything, whether people want to binge-watch television, store their personal information in the cloud or just chill out on a beach. Where demand exists, so too does a group of companies hoping to provide their solution, known as the market. The reason a market develops where demand exists is because people are willing to pay for the solutions these companies are offering.

In the crypto space, these demands are satisfied in the form of cryptographic solutions. Trustless transactions, secure payments, cloud computing resourcing, and zero-commission trading to name just a few. Solutions to these demands are presented in the market as cryptographic tokens, which are developed for a specific use case to fulfill these demands.

When ICO mania hit, the word utility suddenly became the key term in understanding if your tokens could appreciate in value. It became apparent that many either didn’t fulfill a demand or didn’t have the utility to be useful in solving the problem. Digitex Futures, however, is proving its utility every day on its mainnet platform.

Utility can be defined as ‘a state of being useful, profitable or beneficial’. Digitex Futures has offered the crypto market a place to trade futures contracts with zero commissions by buying and using the DGTX token. In previous blog posts, we have presented the financial advantage that zero-fee trading offers its users. As the only company in the crypto marketplace offering zero-fee trading, Digitex is presenting value to its users who can now turn unprofitable scalping strategies into profit. In this way, the DGTX tokens real utility is in offering a cost-saving advantage to traders.

Perhaps the most powerful aspect of the DGTX tokens utility is its flexibility to stretch across multiple markets, not only adding value to crypto traders but also targeted at fulfilling this need across other markets in commodities, indices, and traditional stock. With each opening market will come more usefulness of the DGTX token as it presents the only solution to the demand of zero-fee trading.   

We Have Insane Liquidity Even With Only a Few Hundred Traders 

Since the soft launch on April 27th, Digitex Futures has now onboarded 870 users, from which over $100M USD of daily volume is generated on an on-going basis. During the weekend we saw around 12% volume growth when compared with weekday activity, and today’s traded volume reached a new record high of $132M USD in the last 24 hours. This, with only 870 traders, highlights the liquidity potential that Digitex Futures truly has. A quick look at the top BTC derivatives markets highlights that with only 870 onboarded traders, the exchange is achieving a daily volume comparable to that of BTSE and Deribit leaving Digitex competing in the top 10.  

Ten Reasons Digitex is Here to Stay 36

In a previous report, we outlined and estimated the potential daily volume achievable by the Digitex Futures Platform. This projected that with 5,000 users DGTX could generate a daily volume in the region of $1BN USD, which would make Digitex the fourth largest of the derivative exchanges currently leading the BTC market. Currently sitting in fourth is Bybit where comparably Bybit boasts a user base of 400,000 strong!  

Digitex has created an exchange which promotes fast and frequent transactions, gives the edge to the trader and wraps it up within an exceptionally easy to use UI. Once DGTX opens its doors for full public launch, the trading volume on the Digitex Futures Exchange could very easily exceed any other exchange on the market.

Latest News

DFE

Latest News Roundup From the DFE

Digitex Futures
• Digitex
June 22, 2020

It’s only Monday, and we already have a whole raft of Digitex news and updates to share! From a new exchange listing in Vietnam to the next round of our popular photo contest with giveaways, to a podcast interview with Adam – read on for all the latest from the DFE.

New Exchange Listing

To kick things off, we’re delighted to announce another new exchange listing for DGTX! VCC Exchange will soon start listing the DGTX token paired with ETH. The exchange is currently preparing the pair for deposits and withdrawals, which will open imminently.

VCC is focused predominantly on the Vietnamese and Singaporean markets, listing 135 coins in 211 token pairs. It offers a fiat onboarding service in Vietnamese dong and has worked with the Vietnamese government on various initiatives, including a legal framework for blockchain-based applications.

Photo Contest – Now Open Once Again!

The first round of our photo contest proved so popular with our mainnet traders that we’ve revived it. This time, the mainnet group can put their creativity to the test with a fresh round of prizes.

The rules are slightly different from the last contest but are very simple. Post a picture of your mainnet trading setup either at home, or in a unique, beautiful, or interesting location on Twitter or Facebook and send it in using this form.

We will raffle the prizes on July 1, live! Prizes are as follows:

  • First place – 5,000 DGTX
  • Second and third place – A silver DGTX coin
  • Fourth and fifth place – A Digitex cap or t-shirt

Entries are limited to one per person per day, and duplicates will be rejected. If someone submits more than one entry per day, the last one will be accepted as their submission. The day ends at midnight UTC.

Hacker Noon Podcast Interview with Adam

Last Friday, Adam took to the airwaves for a podcast interview with Utsav Jaiswal for the Hacker Noon Podcast. The episode is titled “How to build a cryptocurrency exchange from scratch by Adam Todd, CEO & Founder of Digitex Futures,” and over the course of an hour, Adam and Utsav get into all the nitty-gritty of building the DFE.

Starting with the beginnings of Adam’s discovery of crypto and the potential of smart contracts, to the rollercoaster journey to launch, including all the bumps along the way – this interview is not one to miss. Adam talks about the multiple lessons he’s learned, the trepidation he felt in the day before launch, and his pride in how far the DFE has come. Make sure you add it to your playlist.

250 More Traders Onboarded to the Mainnet

Last Thursday, we onboarded another group of 250 traders to the mainnet. Over the weekend, the DFE saw an increase of around 10-12% volume compared with weekday activities, and a high of $123 million 24-hour volume.

As usual, the feedback we’re getting from newcomers is overwhelmingly positive, and traders are making some healthy profits to boot!

True Crypto Patriot managed to reap 50% profit within the first few days of trading, while cryptomug358 describes the DFE as a “dream.”

Latest News Roundup From the DFE 37

CryptoVenture explains how even a relatively small stake can quickly start making gains.

Latest News Roundup From the DFE 38

Snocksy managed to turn his fortunes around:

Latest News Roundup From the DFE 39

By the time the next round of onboarding is complete later this week, we will have over 1,000 traders on the mainnet. Over July, we will be ramping up onboarding significantly, with users from all three waitlist contests set to join the mainnet, before we open to the public. So, all in all, the DFE continues to deliver on every front!

 

June 22, 2020
Digitex Futures

Latest News Roundup From the DFE

Digitex
DFE

It’s only Monday, and we already have a whole raft of Digitex news and updates to share! From a new exchange listing in Vietnam to the next round of our popular photo contest with giveaways, to a podcast interview with Adam – read on for all the latest from the DFE.

New Exchange Listing

To kick things off, we’re delighted to announce another new exchange listing for DGTX! VCC Exchange will soon start listing the DGTX token paired with ETH. The exchange is currently preparing the pair for deposits and withdrawals, which will open imminently.

VCC is focused predominantly on the Vietnamese and Singaporean markets, listing 135 coins in 211 token pairs. It offers a fiat onboarding service in Vietnamese dong and has worked with the Vietnamese government on various initiatives, including a legal framework for blockchain-based applications.

Photo Contest – Now Open Once Again!

The first round of our photo contest proved so popular with our mainnet traders that we’ve revived it. This time, the mainnet group can put their creativity to the test with a fresh round of prizes.

The rules are slightly different from the last contest but are very simple. Post a picture of your mainnet trading setup either at home, or in a unique, beautiful, or interesting location on Twitter or Facebook and send it in using this form.

We will raffle the prizes on July 1, live! Prizes are as follows:

  • First place – 5,000 DGTX
  • Second and third place – A silver DGTX coin
  • Fourth and fifth place – A Digitex cap or t-shirt

Entries are limited to one per person per day, and duplicates will be rejected. If someone submits more than one entry per day, the last one will be accepted as their submission. The day ends at midnight UTC.

Hacker Noon Podcast Interview with Adam

Last Friday, Adam took to the airwaves for a podcast interview with Utsav Jaiswal for the Hacker Noon Podcast. The episode is titled “How to build a cryptocurrency exchange from scratch by Adam Todd, CEO & Founder of Digitex Futures,” and over the course of an hour, Adam and Utsav get into all the nitty-gritty of building the DFE.

Starting with the beginnings of Adam’s discovery of crypto and the potential of smart contracts, to the rollercoaster journey to launch, including all the bumps along the way – this interview is not one to miss. Adam talks about the multiple lessons he’s learned, the trepidation he felt in the day before launch, and his pride in how far the DFE has come. Make sure you add it to your playlist.

250 More Traders Onboarded to the Mainnet

Last Thursday, we onboarded another group of 250 traders to the mainnet. Over the weekend, the DFE saw an increase of around 10-12% volume compared with weekday activities, and a high of $123 million 24-hour volume.

As usual, the feedback we’re getting from newcomers is overwhelmingly positive, and traders are making some healthy profits to boot!

True Crypto Patriot managed to reap 50% profit within the first few days of trading, while cryptomug358 describes the DFE as a “dream.”

Latest News Roundup From the DFE 40

CryptoVenture explains how even a relatively small stake can quickly start making gains.

Latest News Roundup From the DFE 41

Snocksy managed to turn his fortunes around:

Latest News Roundup From the DFE 42

By the time the next round of onboarding is complete later this week, we will have over 1,000 traders on the mainnet. Over July, we will be ramping up onboarding significantly, with users from all three waitlist contests set to join the mainnet, before we open to the public. So, all in all, the DFE continues to deliver on every front!

 

Latest News

trading strategy

One Trading Strategy for Gains of 400,000 DGTX in Two Months

Trading
• Digitex
June 17, 2020

Resident Digitex trader Cryptrader provides an invaluable video helping traders navigate the Digitex Futures platform and providing useful tips and insights to his own trading strategies. Today, he walks through the one strategy that he’s used to generate gains of 400,000 DGTX tokens in just two months of mainnet trading!

Cryptrader opens the video by walking viewers through the interface and some of the key features they’ll need to use, he then gets straight into his trading strategy.

Using Fibonacci Levels to Calculate Entry and Exit

Now, to the exciting part! Cryptrader shares the strategy he has been using to generate 400,000 DGTX in the two months that he’s been trading on the DFE mainnet. To save you doing the math, 400k DGTX works out to $16,000 in profit at an average price of $0.04 for one DGTX. That’s some impressive effort!

Cryptrader points out that when the market moves in either direction, it goes in waves, with a surge and then a smaller correction. His strategy is to look for the point when the wave is about to exhaust itself and trade the pullback with a short.

He demonstrates how to use the Fibonacci Retracement tool to find the level to short at. His preferred zone is to enter at the 0.5 to 0.618 level, with a target of exiting around the 0.236 level.

Using the risk/reward tool will help you determine where you should exit the position, both from a stop-loss and take-profit perspective. Currently, both of these features are in test mode on the DFE. So, until they’re live, mainnet users should continue monitoring their trades to exit manually once the price hits their risk or reward limits.

Cryptrader uses the risk/reward tool to illustrate that he only has to be right 30% of the time for this to become a profitable trading strategy.

He moves on to another example, using the same strategy on a different price movement. In this instance, he demonstrates how it made sense to target a higher low, based on the overall pattern of the market.

The strategy listed here is just one of many that a trader could use. However, Cryptrader’s success on the mainnet demonstrates how finding a single formula for success, and sticking to it, can result in some serious profits.

The video here is retrospective, so Cryptrader is explaining how he executed some of his latest trades. If you want to watch him performing this strategy live, then you can head over to his YouTube channel and watch one of his live trading sessions on the DFE mainnet.

Want to start making gains like Cryptrader on the Digitex Futures platform? Sign up here to start trading Bitcoin futures with zero fees now.

June 17, 2020
Trading

One Trading Strategy for Gains of 400,000 DGTX in Two Months

Digitex
trading strategy

Resident Digitex trader Cryptrader provides an invaluable video helping traders navigate the Digitex Futures platform and providing useful tips and insights to his own trading strategies. Today, he walks through the one strategy that he’s used to generate gains of 400,000 DGTX tokens in just two months of mainnet trading!

Cryptrader opens the video by walking viewers through the interface and some of the key features they’ll need to use, he then gets straight into his trading strategy.

Using Fibonacci Levels to Calculate Entry and Exit

Now, to the exciting part! Cryptrader shares the strategy he has been using to generate 400,000 DGTX in the two months that he’s been trading on the DFE mainnet. To save you doing the math, 400k DGTX works out to $16,000 in profit at an average price of $0.04 for one DGTX. That’s some impressive effort!

Cryptrader points out that when the market moves in either direction, it goes in waves, with a surge and then a smaller correction. His strategy is to look for the point when the wave is about to exhaust itself and trade the pullback with a short.

He demonstrates how to use the Fibonacci Retracement tool to find the level to short at. His preferred zone is to enter at the 0.5 to 0.618 level, with a target of exiting around the 0.236 level.

Using the risk/reward tool will help you determine where you should exit the position, both from a stop-loss and take-profit perspective. Currently, both of these features are in test mode on the DFE. So, until they’re live, mainnet users should continue monitoring their trades to exit manually once the price hits their risk or reward limits.

Cryptrader uses the risk/reward tool to illustrate that he only has to be right 30% of the time for this to become a profitable trading strategy.

He moves on to another example, using the same strategy on a different price movement. In this instance, he demonstrates how it made sense to target a higher low, based on the overall pattern of the market.

The strategy listed here is just one of many that a trader could use. However, Cryptrader’s success on the mainnet demonstrates how finding a single formula for success, and sticking to it, can result in some serious profits.

The video here is retrospective, so Cryptrader is explaining how he executed some of his latest trades. If you want to watch him performing this strategy live, then you can head over to his YouTube channel and watch one of his live trading sessions on the DFE mainnet.

Want to start making gains like Cryptrader on the Digitex Futures platform? Sign up here to start trading Bitcoin futures with zero fees now.

Latest News

development

Development Update – A Sneak Peek at What Lies Ahead for the DFE

Digitex Futures
• Digitex
June 15, 2020

As we’ve been steadily onboarding users to the DFE mainnet, we’ve alluded to some of the work being done behind the scenes to prepare for a full public opening. Now, we have the official go-ahead from the development team to unveil the full details of what’s currently in progress! 

Up Next: Stop-loss and API

Following on from last week’s update that introduced automatic withdrawals, the next updates to the mainnet will involve rolling out stop-loss and the API. Stop-loss is a critical feature for managing risk, and therefore one of the top priorities for implementation before we open the DFE to the public. Currently, it’s being tested on the beta platform, and the development team is working through some bugs. 

We also have a dedicated Telegram group where mainnet users can provide direct feedback to our UX/UI creative team. This group is proving invaluable in making sure that the team is tapped into the DFE trading community and getting the feedback they need to create a killer trading experience. The first collaboration is already in operation, working to improve the stop-loss user experience. 

For fans of algorithmic trading, the API will come afterward. Currently, we have a small group of traders, along with some of the Digitex team, conducting alpha testing. Once we’ve fixed any initial bugs, that will also be migrated to the beta platform for final testing before go-live. 

ETH Deposits 

Currently, mainnet users can only deposit DGTX tokens, which is fine while we’re undergoing a phased onboarding from the Digitex community. However, it will be a barrier to new users once we open. 

Therefore, the development team is also working on implementing ETH deposits as a way of removing this barrier. Users will be able to deposit their ETH on the DFE, and then convert them to DGTX so they can start trading. 

New Markets! 

While BTCUSD perpetuals will likely always be the flagship product of the DFE, it was always our intention to offer a broader range of markets to our users. Therefore, we’re delighted to confirm that we have no less than THREE new markets scheduled for rollout over this summer! 

These are:

  • ETHUSD perpetual contracts
  • Gold/USD perpetual contracts, tracking the price of gold
  • Oil/USD perpetual contracts, tracking the price of oil. The precise asset, Brent or WTI, will be determined soon

All of the developments listed above are currently being worked on and are in scope for a summer implementation. 

Coming Later

We aren’t stopping there! There are other developments in the pipeline, although these will be delivered in late 2020 or early 2021. The team has already started working on spot markets, meaning that the DFE will be opened up to a broader range of crypto traders holding various crypto assets. We anticipate that we can start rolling this out late in the third quarter of this year. 

Another critical launch will be the Digitex Mobile App. Although the DFE currently has a very user-friendly mobile-responsive interface, the app will be a fully-functional version of the DFE and all its features in its own wrapper.

Work on the app hasn’t yet started but will be well underway by the end of the summer. 

Under the Hood

Of course, not all the development work and updates are visible to users on the front end. The team is also working on several essential updates on the back end of the DFE. 

These include an advanced admin panel for the Digitex support team, and a new notification and monitoring system for support tickets. Both of these will help to streamline the timing and quality of responses to user issues and inquiries. 

So as you can see, there’s plenty on the way! Launching the mainnet to the public will be our biggest milestone to date, but that’s only the beginning of the journey. Digitex will keep working to ensure that our platform is the most attractive trading venue on the market. And with zero-fees, crypto’s only ladder trading interface, and the DGTX token, traders won’t have any reason to go anywhere else.

June 15, 2020
Digitex Futures

Development Update – A Sneak Peek at What Lies Ahead for the DFE

Digitex
development

As we’ve been steadily onboarding users to the DFE mainnet, we’ve alluded to some of the work being done behind the scenes to prepare for a full public opening. Now, we have the official go-ahead from the development team to unveil the full details of what’s currently in progress! 

Up Next: Stop-loss and API

Following on from last week’s update that introduced automatic withdrawals, the next updates to the mainnet will involve rolling out stop-loss and the API. Stop-loss is a critical feature for managing risk, and therefore one of the top priorities for implementation before we open the DFE to the public. Currently, it’s being tested on the beta platform, and the development team is working through some bugs. 

We also have a dedicated Telegram group where mainnet users can provide direct feedback to our UX/UI creative team. This group is proving invaluable in making sure that the team is tapped into the DFE trading community and getting the feedback they need to create a killer trading experience. The first collaboration is already in operation, working to improve the stop-loss user experience. 

For fans of algorithmic trading, the API will come afterward. Currently, we have a small group of traders, along with some of the Digitex team, conducting alpha testing. Once we’ve fixed any initial bugs, that will also be migrated to the beta platform for final testing before go-live. 

ETH Deposits 

Currently, mainnet users can only deposit DGTX tokens, which is fine while we’re undergoing a phased onboarding from the Digitex community. However, it will be a barrier to new users once we open. 

Therefore, the development team is also working on implementing ETH deposits as a way of removing this barrier. Users will be able to deposit their ETH on the DFE, and then convert them to DGTX so they can start trading. 

New Markets! 

While BTCUSD perpetuals will likely always be the flagship product of the DFE, it was always our intention to offer a broader range of markets to our users. Therefore, we’re delighted to confirm that we have no less than THREE new markets scheduled for rollout over this summer! 

These are:

  • ETHUSD perpetual contracts
  • Gold/USD perpetual contracts, tracking the price of gold
  • Oil/USD perpetual contracts, tracking the price of oil. The precise asset, Brent or WTI, will be determined soon

All of the developments listed above are currently being worked on and are in scope for a summer implementation. 

Coming Later

We aren’t stopping there! There are other developments in the pipeline, although these will be delivered in late 2020 or early 2021. The team has already started working on spot markets, meaning that the DFE will be opened up to a broader range of crypto traders holding various crypto assets. We anticipate that we can start rolling this out late in the third quarter of this year. 

Another critical launch will be the Digitex Mobile App. Although the DFE currently has a very user-friendly mobile-responsive interface, the app will be a fully-functional version of the DFE and all its features in its own wrapper.

Work on the app hasn’t yet started but will be well underway by the end of the summer. 

Under the Hood

Of course, not all the development work and updates are visible to users on the front end. The team is also working on several essential updates on the back end of the DFE. 

These include an advanced admin panel for the Digitex support team, and a new notification and monitoring system for support tickets. Both of these will help to streamline the timing and quality of responses to user issues and inquiries. 

So as you can see, there’s plenty on the way! Launching the mainnet to the public will be our biggest milestone to date, but that’s only the beginning of the journey. Digitex will keep working to ensure that our platform is the most attractive trading venue on the market. And with zero-fees, crypto’s only ladder trading interface, and the DGTX token, traders won’t have any reason to go anywhere else.

Latest News

Mainnet

DFE Mainnet System Report

Digitex Futures
• Digitex
June 12, 2020

Yesterday afternoon at 1400 UTC, we took the DFE mainnet offline briefly for some scheduled system maintenance. Following the system being reinstated, we experienced some unprecedented service interruptions. For the sake of transparency with our community, we’re taking the opportunity to explain what happened. 

First of all, the initial outage at 1400 UTC was planned and announced to the community in advance via the mainnet Telegram channel. We took the system offline so that the development team could implement an important update. This includes automatic withdrawals and some updates to the user experience and user interface. 

We’re pleased to say that this implementation went well, and the DFE was back up and running again quicker than we had originally planned. Users can now withdraw automatically up to 5,000 DGTX, with a minimum withdrawal of 1,000 DGTX. A 5 DGTX transaction fee will apply. Any withdrawals above 5,000 DGTX can be requested via a support ticket. 

Unfortunately, following the downtime, we experienced some serious system issues on the back end. From the user perspective, there was a further unscheduled period of downtime that lasted around 15 minutes. After that, there was a lag that meant some traders couldn’t exit their open positions. This went on for several hours. 

Root Cause Analysis

The technical team has since reported that the incident after the scheduled maintenance was unrelated to the upgrade. It was traced back to an abnormally high speed of spot price updates being registered, which was relayed to all traders via the DFE interface. At this point in time, there was a high total outgoing traffic that seems to have overloaded the client. To avoid it in the future we will optimize and add more AWS capacity. We’re also working on a backup solution using replication.

While no hardware is infallible and these incidents do happen, we’ve learned a lesson. The technical team is now working on a backup solution using replication. In the future, if this happens again, we’ll be able to switch operations to another server without interruption to regular service for our users. The backup will be in place by next week. 

Adam has made a personal commitment that Digitex will reimburse anyone on the mainnet who lost funds due to being unable to exit their positions during the period that normal service was interrupted. In his own, characteristically direct manner, he asked us to say: 

“This one’s on me guys. When Digitex f**ks up, we pay for it.”

So, affected traders who were unable to exit their positions and lost out as a result, can raise a support ticket in the normal way. 

The timing was extremely unfortunate, as we had only just started to onboard our next group of 150 traders. Nevertheless, the incident further underscores that we are taking the correct approach in onboarding users in phases. If this had happened when we have thousands of traders online, the timing would have been far worse. 

And Adam would probably have been swearing a lot more. 

Communication Update

Finally, it also came to our attention yesterday that some mainnet traders weren’t aware of the scheduled downtime. We did post the news as a pinned announcement in our mainnet Telegram channel. We’re now aware that not everyone is using the channel. As another takeaway, we plan to blast news of future scheduled maintenance via other channels, including Twitter and on a landing page when users log into the platform. 

If you’re a mainnet user not on the Telegram group, we’d still strongly encourage you to join. There’s plenty of trading chat, tip swapping, and, most of all, the opportunity to participate in our many contests with giveaways! 

To finish on a positive note, we’re pleased to confirm that the API has now entered alpha testing. We have a small group of traders, plus the internal team, putting it through its paces before the technical team migrates it to the testnet for a full beta. 

It’s incredibly important to Adam and the entire Digitex team that we’re transparent with our community about incidents like yesterday. In particular, we want our supporters to know the measures we’re taking to ensure that Digitex lives up to its promise to deliver a cutting-edge, world-class trading platform. 

We learn and grow stronger with each step we take. As always, a big thank you to our loyal community for sticking with us! 

June 12, 2020
Digitex Futures

DFE Mainnet System Report

Digitex
Mainnet

Yesterday afternoon at 1400 UTC, we took the DFE mainnet offline briefly for some scheduled system maintenance. Following the system being reinstated, we experienced some unprecedented service interruptions. For the sake of transparency with our community, we’re taking the opportunity to explain what happened. 

First of all, the initial outage at 1400 UTC was planned and announced to the community in advance via the mainnet Telegram channel. We took the system offline so that the development team could implement an important update. This includes automatic withdrawals and some updates to the user experience and user interface. 

We’re pleased to say that this implementation went well, and the DFE was back up and running again quicker than we had originally planned. Users can now withdraw automatically up to 5,000 DGTX, with a minimum withdrawal of 1,000 DGTX. A 5 DGTX transaction fee will apply. Any withdrawals above 5,000 DGTX can be requested via a support ticket. 

Unfortunately, following the downtime, we experienced some serious system issues on the back end. From the user perspective, there was a further unscheduled period of downtime that lasted around 15 minutes. After that, there was a lag that meant some traders couldn’t exit their open positions. This went on for several hours. 

Root Cause Analysis

The technical team has since reported that the incident after the scheduled maintenance was unrelated to the upgrade. It was traced back to an abnormally high speed of spot price updates being registered, which was relayed to all traders via the DFE interface. At this point in time, there was a high total outgoing traffic that seems to have overloaded the client. To avoid it in the future we will optimize and add more AWS capacity. We’re also working on a backup solution using replication.

While no hardware is infallible and these incidents do happen, we’ve learned a lesson. The technical team is now working on a backup solution using replication. In the future, if this happens again, we’ll be able to switch operations to another server without interruption to regular service for our users. The backup will be in place by next week. 

Adam has made a personal commitment that Digitex will reimburse anyone on the mainnet who lost funds due to being unable to exit their positions during the period that normal service was interrupted. In his own, characteristically direct manner, he asked us to say: 

“This one’s on me guys. When Digitex f**ks up, we pay for it.”

So, affected traders who were unable to exit their positions and lost out as a result, can raise a support ticket in the normal way. 

The timing was extremely unfortunate, as we had only just started to onboard our next group of 150 traders. Nevertheless, the incident further underscores that we are taking the correct approach in onboarding users in phases. If this had happened when we have thousands of traders online, the timing would have been far worse. 

And Adam would probably have been swearing a lot more. 

Communication Update

Finally, it also came to our attention yesterday that some mainnet traders weren’t aware of the scheduled downtime. We did post the news as a pinned announcement in our mainnet Telegram channel. We’re now aware that not everyone is using the channel. As another takeaway, we plan to blast news of future scheduled maintenance via other channels, including Twitter and on a landing page when users log into the platform. 

If you’re a mainnet user not on the Telegram group, we’d still strongly encourage you to join. There’s plenty of trading chat, tip swapping, and, most of all, the opportunity to participate in our many contests with giveaways! 

To finish on a positive note, we’re pleased to confirm that the API has now entered alpha testing. We have a small group of traders, plus the internal team, putting it through its paces before the technical team migrates it to the testnet for a full beta. 

It’s incredibly important to Adam and the entire Digitex team that we’re transparent with our community about incidents like yesterday. In particular, we want our supporters to know the measures we’re taking to ensure that Digitex lives up to its promise to deliver a cutting-edge, world-class trading platform. 

We learn and grow stronger with each step we take. As always, a big thank you to our loyal community for sticking with us! 

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