blockster

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

Crypto Industry
• Digitex
June 3, 2021

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

What Is Blockster?

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

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

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

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

The Blockster (BXR) Token

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

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

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

BXR Token Sale

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

All About Blockster - The Go-to Social Network for Crypto 1

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

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

All About Blockster - The Go-to Social Network for Crypto 2

Refer Friends to Earn BXR

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

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

Wrapping It Up

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

June 3, 2021
Crypto Industry

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

Digitex
blockster

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

What Is Blockster?

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

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

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

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

The Blockster (BXR) Token

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

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

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

BXR Token Sale

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

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

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

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

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

Refer Friends to Earn BXR

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

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

Wrapping It Up

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

Latest News

Announcing Blockfunder - Our Brand-New IEO Platform 5

Announcing Blockfunder – Our Brand-New IEO Platform

Digitex
• Digitex
May 27, 2021

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

What Is Blockfunder?

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

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

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

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

What Is Blockster (BXR)?

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

Announcing Blockfunder - Our Brand-New IEO Platform 6

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

Announcing Blockfunder - Our Brand-New IEO Platform 7

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

Announcing Blockfunder - Our Brand-New IEO Platform 8

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

The Blockster (BXR) Token Sale 

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

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

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

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

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

May 27, 2021
Digitex

Announcing Blockfunder – Our Brand-New IEO Platform

Digitex
Announcing Blockfunder - Our Brand-New IEO Platform 9

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

What Is Blockfunder?

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

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

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

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

What Is Blockster (BXR)?

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

Announcing Blockfunder - Our Brand-New IEO Platform 10

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

Announcing Blockfunder - Our Brand-New IEO Platform 11

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

Announcing Blockfunder - Our Brand-New IEO Platform 12

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

The Blockster (BXR) Token Sale 

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

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

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

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

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

Latest News

digitex

Check Out What These 1420 Traders Are Saying About Digitex

Digitex
• Digitex
May 10, 2021

Last week, we asked you to complete a survey for us in exchange for $20 worth of DGTX. To make sure that only genuine users with valuable feedback took part, the offer applied only to existing Digitex account holders with active trading accounts. If users didn’t have any trading volume, they were unable to receive the DGTX reward. We’re pleased to say, we got some awesome results from the 1420 traders who took part. Check out some of the highlights:

  1. Digitex scored an average of 4.27 out of 5 for overall trading experience
  2. Digitex scored an average of 4.45 out of 5 for customer service
  3. Digitex scored an average of 4.3 for overall platform’s performance 

What We’re Doing Well

A massive thank you to everyone who took part. We really appreciate all your feedback and are thrilled with the results. Rating so highly for overall trading and platform experience as well as for our stellar customer support shows that our hard work is paying off. We couldn’t be happier to hear how much you love using the platform. 

It’s also great to know that a massive 94.5% of you would recommend Digitex to a friend. Here are some of the positive sentiments we received in the survey:

“Customer Service is already the best. Nothing to ask for more.”

“Keep doing what you are doing! Been with Digitex since ICO. Some bumps on the road, but the direction is good! Bravo!”

“If Digitex sticks with and is able to pull off the current roadmap that’s been discussed in the recent blogs, I think this exchange can definitely grow into something big.”

“I trade on Binance but I’m a Digitex fan.”

You also rated our Liquidity Mining program with an average of 4.1, which is also really encouraging as its one of our newest features. 

Where We Can Improve

We asked for your honest feedback and we know there is room for improvement as we expand and grow our business. Starting with Liquidity Mining, some of you suggested that we should reduce the gap between buy and sell, improve the UI, attract more participants, and increase the trading volume. These suggestions have been noted and we have started working on them already.

The most common answers as to where we could improve the platform, however, were not about Liquidity Mining. We saw “adding more coin pairs” coming a lot of times, stopping minting DGTX, and incorporating a solution for DGTX price stabilization. You also said that you would like us to re-open our Telegram group, that you would like to see the platform available in more languages, and that you would like a solution for mobile devices. The platform, some of you said, can also experience slow loading times. 

We’re taking all of your feedback on board. As we told you in our Q&A blog post last week, we are working on solutions for most of these suggestions already. More coin pairs will be coming soon, a solution for DGTX volatility, a mobile app for trading on the go, and more utilities for DGTX that we will be announcing shortly. 

When it comes to more languages, we are soon releasing a Russian blog and website, and we already have active Russian social channels. Once we have finalized localizing in Russian we will start to introduce more languages.

Other Important Information 

The most common other exchanges that Digitex traders use are Binance, BitMEX, Huobi, Kucoin, Bittrex, OKEx, Coinbase, WazirX, Binomo, Yobit, Kuna, FTX, Poloniex, Mercatox, Pancakeswap, Whitebit, Kraken, Luno, and Uniswap. Most of you are manual traders. Out of the 1420 responses, there were 1022 manual traders, 44 bot traders, and 117 of you who do both.

When it came to how frequently you trade, the majority of you (43.2%) are fairly infrequent traders, trading once a week or less. 27.2% of you say that you trade a few times a week, 14.6% of you trade daily, but less than three hours, while 14.8% of you are trading junkies, trading more than three hours every single day.

When it comes to your preferred activity on the Digitex exchange, our spot markets are proving to be really popular, with 78.9% of you using them most often. 30.6% of you trade our futures markets, and 46.1% like to earn DGTX through pool rewards or farming on Uniswap.

Wrapping It Up

The survey results are certainly very positive. They also reveal that the majority of the Digitex community are not futures traders but prefer trading spot or earning a passive income on their crypto. With this in mind, we know that you’ll be super excited about the latest feature coming to the Digitex platform. Stay tuned to the blog this week, you’re going to love it!

We also want to convert more of you to futures trading. There’s so much opportunity to make money here as you can win whether the market goes up or down. With that in mind, we realize that we need to improve on our educational content. So, you can expect to see more step-by-step guides and tutorials coming soon. 

As always, if you have any questions or feedback, hit us up on our socials or contact our customer support. We’re always happy to help.

May 10, 2021
Digitex

Check Out What These 1420 Traders Are Saying About Digitex

Digitex
digitex

Last week, we asked you to complete a survey for us in exchange for $20 worth of DGTX. To make sure that only genuine users with valuable feedback took part, the offer applied only to existing Digitex account holders with active trading accounts. If users didn’t have any trading volume, they were unable to receive the DGTX reward. We’re pleased to say, we got some awesome results from the 1420 traders who took part. Check out some of the highlights:

  1. Digitex scored an average of 4.27 out of 5 for overall trading experience
  2. Digitex scored an average of 4.45 out of 5 for customer service
  3. Digitex scored an average of 4.3 for overall platform’s performance 

What We’re Doing Well

A massive thank you to everyone who took part. We really appreciate all your feedback and are thrilled with the results. Rating so highly for overall trading and platform experience as well as for our stellar customer support shows that our hard work is paying off. We couldn’t be happier to hear how much you love using the platform. 

It’s also great to know that a massive 94.5% of you would recommend Digitex to a friend. Here are some of the positive sentiments we received in the survey:

“Customer Service is already the best. Nothing to ask for more.”

“Keep doing what you are doing! Been with Digitex since ICO. Some bumps on the road, but the direction is good! Bravo!”

“If Digitex sticks with and is able to pull off the current roadmap that’s been discussed in the recent blogs, I think this exchange can definitely grow into something big.”

“I trade on Binance but I’m a Digitex fan.”

You also rated our Liquidity Mining program with an average of 4.1, which is also really encouraging as its one of our newest features. 

Where We Can Improve

We asked for your honest feedback and we know there is room for improvement as we expand and grow our business. Starting with Liquidity Mining, some of you suggested that we should reduce the gap between buy and sell, improve the UI, attract more participants, and increase the trading volume. These suggestions have been noted and we have started working on them already.

The most common answers as to where we could improve the platform, however, were not about Liquidity Mining. We saw “adding more coin pairs” coming a lot of times, stopping minting DGTX, and incorporating a solution for DGTX price stabilization. You also said that you would like us to re-open our Telegram group, that you would like to see the platform available in more languages, and that you would like a solution for mobile devices. The platform, some of you said, can also experience slow loading times. 

We’re taking all of your feedback on board. As we told you in our Q&A blog post last week, we are working on solutions for most of these suggestions already. More coin pairs will be coming soon, a solution for DGTX volatility, a mobile app for trading on the go, and more utilities for DGTX that we will be announcing shortly. 

When it comes to more languages, we are soon releasing a Russian blog and website, and we already have active Russian social channels. Once we have finalized localizing in Russian we will start to introduce more languages.

Other Important Information 

The most common other exchanges that Digitex traders use are Binance, BitMEX, Huobi, Kucoin, Bittrex, OKEx, Coinbase, WazirX, Binomo, Yobit, Kuna, FTX, Poloniex, Mercatox, Pancakeswap, Whitebit, Kraken, Luno, and Uniswap. Most of you are manual traders. Out of the 1420 responses, there were 1022 manual traders, 44 bot traders, and 117 of you who do both.

When it came to how frequently you trade, the majority of you (43.2%) are fairly infrequent traders, trading once a week or less. 27.2% of you say that you trade a few times a week, 14.6% of you trade daily, but less than three hours, while 14.8% of you are trading junkies, trading more than three hours every single day.

When it comes to your preferred activity on the Digitex exchange, our spot markets are proving to be really popular, with 78.9% of you using them most often. 30.6% of you trade our futures markets, and 46.1% like to earn DGTX through pool rewards or farming on Uniswap.

Wrapping It Up

The survey results are certainly very positive. They also reveal that the majority of the Digitex community are not futures traders but prefer trading spot or earning a passive income on their crypto. With this in mind, we know that you’ll be super excited about the latest feature coming to the Digitex platform. Stay tuned to the blog this week, you’re going to love it!

We also want to convert more of you to futures trading. There’s so much opportunity to make money here as you can win whether the market goes up or down. With that in mind, we realize that we need to improve on our educational content. So, you can expect to see more step-by-step guides and tutorials coming soon. 

As always, if you have any questions or feedback, hit us up on our socials or contact our customer support. We’re always happy to help.

Latest News

8 Reasons It’s Easier to Profit on the Digitex Exchange  13

8 Reasons It’s Easier to Profit on the Digitex Exchange 

Digitex Futures
• Digitex
November 25, 2020

Whether you’ve been following our project for a while now or you’re new to Digitex, the key thing you should know is that making money on our exchange is easier than on any other platform. As the only commission-free futures exchange operating with a native token, Digitex enables highly aggressive short-term trading strategies such as scalping that are simply impossible anywhere else in the space. Check out these 10 features that make Digitex uniquely better than the rest–and easier to make consistent profits.

1. One-Click Trade Submission

While Digitex’s secret sauce lies in the removal of commission fees, its one-click trading ladder interface adds to its unique value proposition. Widely used in traditional futures trading, Digitex is showing the crypto space just how much easier trading can be when you reduce the number of keystrokes and mouse movements. 

When you’re looking to capitalize on the smallest of fluctuations in price and time is of the essence, the trading ladder allows for rapid-fire submission and speed of execution, guaranteeing you place more trades and maximize profits. 

Not only that but traders can actually visualize the price action, get in the zone, smash bids and lift asks because there are no taker fees. This means that they can get out of losing positions simply by hitting other people’s bids or asks without worrying about taker fees. This factor alone is a game-changing aspect and the difference between winning and losing.

2. Unlimited Scalping Opportunities

With zero commissions, the Digitex exchange offers unlimited scalping opportunities that allow disciplined traders to rack up multiple small profits over time. This is particularly key when the markets are frothy and volatility is higher than usual. 

With the constant leaps and pullbacks going on in BTC and ETH right now, there are literally endless chances to make single-tick profits on Digitex throughout the day. It’s 24/7 uninterrupted going up and down. 

Remember, on any other exchange in the industry, this type of trading simply isn’t worth it–after you’ve paid out commissions on your profits, you may even see winning trades turn into losing ones!

3. Cashing Out Is Easier Than Ever

It’s easier than ever before to cash out now that DGTX has been listed on Uniswap, the world’s largest decentralized exchange. Our market there now has an order book worth $1.5 million of DGTX and ETH, making it very easy to buy and sell large amounts of DGTX. This makes it more attractive to bigger traders knowing that they can easily make profits and come in and out quickly.

4. Digitex Was Designed by a Pro Trader

Unlike the myriad of other exchanges on the market that have frankly intolerable user interfaces and were designed with the only goal of taking profits from their users, the Digitex exchange has been designed by a pro trader. Not only is the user experience high-octane fast-paced and utterly intuitive but traders have a fair chance of winning as there is no house edge working against them. Zero fees make Digitex unlike any other futures exchange out there and create a truly level playing field for the very first time. 

5. Liquidity Mining Programs

The very best part of growing our user base is the fact that it’s the users themselves that are incentivized to create liquidity on all our markets through our liquidity mining programs. Traders get rewards in return for expending resources and creating liquidity on our markets.

These rewards will guarantee that we achieve the liquidity needed to have busy and attractive markets out of the gate while allowing users to rack up consistent profit. We can also keep the exchange free from professional market makers benefiting from preferential practices, allowing Digitex to maintain a level playing field for all.

6. Trade 24/7 with User-Programmable Bots

Not only will we be rewarding users by the minute for lending liquidity, but they can also take maximum advantage of this and set our user-programmable bots to run 24/7 to provide liquidity to all the markets. They can also maximize their trading strategies and profits with easy-to-use configurable bots that trade around the clock.

7. Network Effect Is Coming Soon

To the traders who trade on Digitex daily and know how good it is (we see you bragging about your winnings on Telegram!), we know you’re wondering why the rest of the trading world still hasn’t uncovered this gem of an exchange. Fear not, these things take time.

 In the meantime, you can take advantage of mad liquidity on the exchange through our frequent market maker losses campaigns, currently happening on our forex markets this week.

8. We’re Approaching Our 1-Year Anniversary Since Testnet

They say that time flies when you’re having fun and we know how much you’ve been enjoying trading on the platform! Can you believe that we’re already approaching our one-year anniversary since the launch of our testnet? Today, we’re steadily adding new markets and growing our userbase (which is happily raking in daily profits). Just think about where we’ll be this time next year!

Closing Thoughts

You can see for yourself that Digitex is truly unique in the space and brings so much more to the table than your run-of-the-mill fee-charging exchange. Now that the markets are soaring and volatility is high, it’s the best possible time to scalp trade on Digitex and accumulate gains on even the smallest movements–while keeping 100% of your profits. 

November 25, 2020
Digitex Futures

8 Reasons It’s Easier to Profit on the Digitex Exchange 

Digitex
8 Reasons It’s Easier to Profit on the Digitex Exchange  14

Whether you’ve been following our project for a while now or you’re new to Digitex, the key thing you should know is that making money on our exchange is easier than on any other platform. As the only commission-free futures exchange operating with a native token, Digitex enables highly aggressive short-term trading strategies such as scalping that are simply impossible anywhere else in the space. Check out these 10 features that make Digitex uniquely better than the rest–and easier to make consistent profits.

1. One-Click Trade Submission

While Digitex’s secret sauce lies in the removal of commission fees, its one-click trading ladder interface adds to its unique value proposition. Widely used in traditional futures trading, Digitex is showing the crypto space just how much easier trading can be when you reduce the number of keystrokes and mouse movements. 

When you’re looking to capitalize on the smallest of fluctuations in price and time is of the essence, the trading ladder allows for rapid-fire submission and speed of execution, guaranteeing you place more trades and maximize profits. 

Not only that but traders can actually visualize the price action, get in the zone, smash bids and lift asks because there are no taker fees. This means that they can get out of losing positions simply by hitting other people’s bids or asks without worrying about taker fees. This factor alone is a game-changing aspect and the difference between winning and losing.

2. Unlimited Scalping Opportunities

With zero commissions, the Digitex exchange offers unlimited scalping opportunities that allow disciplined traders to rack up multiple small profits over time. This is particularly key when the markets are frothy and volatility is higher than usual. 

With the constant leaps and pullbacks going on in BTC and ETH right now, there are literally endless chances to make single-tick profits on Digitex throughout the day. It’s 24/7 uninterrupted going up and down. 

Remember, on any other exchange in the industry, this type of trading simply isn’t worth it–after you’ve paid out commissions on your profits, you may even see winning trades turn into losing ones!

3. Cashing Out Is Easier Than Ever

It’s easier than ever before to cash out now that DGTX has been listed on Uniswap, the world’s largest decentralized exchange. Our market there now has an order book worth $1.5 million of DGTX and ETH, making it very easy to buy and sell large amounts of DGTX. This makes it more attractive to bigger traders knowing that they can easily make profits and come in and out quickly.

4. Digitex Was Designed by a Pro Trader

Unlike the myriad of other exchanges on the market that have frankly intolerable user interfaces and were designed with the only goal of taking profits from their users, the Digitex exchange has been designed by a pro trader. Not only is the user experience high-octane fast-paced and utterly intuitive but traders have a fair chance of winning as there is no house edge working against them. Zero fees make Digitex unlike any other futures exchange out there and create a truly level playing field for the very first time. 

5. Liquidity Mining Programs

The very best part of growing our user base is the fact that it’s the users themselves that are incentivized to create liquidity on all our markets through our liquidity mining programs. Traders get rewards in return for expending resources and creating liquidity on our markets.

These rewards will guarantee that we achieve the liquidity needed to have busy and attractive markets out of the gate while allowing users to rack up consistent profit. We can also keep the exchange free from professional market makers benefiting from preferential practices, allowing Digitex to maintain a level playing field for all.

6. Trade 24/7 with User-Programmable Bots

Not only will we be rewarding users by the minute for lending liquidity, but they can also take maximum advantage of this and set our user-programmable bots to run 24/7 to provide liquidity to all the markets. They can also maximize their trading strategies and profits with easy-to-use configurable bots that trade around the clock.

7. Network Effect Is Coming Soon

To the traders who trade on Digitex daily and know how good it is (we see you bragging about your winnings on Telegram!), we know you’re wondering why the rest of the trading world still hasn’t uncovered this gem of an exchange. Fear not, these things take time.

 In the meantime, you can take advantage of mad liquidity on the exchange through our frequent market maker losses campaigns, currently happening on our forex markets this week.

8. We’re Approaching Our 1-Year Anniversary Since Testnet

They say that time flies when you’re having fun and we know how much you’ve been enjoying trading on the platform! Can you believe that we’re already approaching our one-year anniversary since the launch of our testnet? Today, we’re steadily adding new markets and growing our userbase (which is happily raking in daily profits). Just think about where we’ll be this time next year!

Closing Thoughts

You can see for yourself that Digitex is truly unique in the space and brings so much more to the table than your run-of-the-mill fee-charging exchange. Now that the markets are soaring and volatility is high, it’s the best possible time to scalp trade on Digitex and accumulate gains on even the smallest movements–while keeping 100% of your profits. 

Latest News

exchange

Update Following Yesterday’s Exchange Outage

Digitex Futures
• Digitex
October 2, 2020

On Thursday, at around 1700 UTC, the Digitex exchange went down for approximately 40 minutes. We’re very mindful that this isn’t the first time we’ve experienced downtime recently, and the detriment that the outages are having to trader experience. Therefore, in today’s blog post, we explain what happened yesterday and the steps we’re taking to address the underlying issues.

First, an explanation of what happened yesterday. The technical reason for the outage is that the market making bots broke down with an error that caused them to flood the exchange with messages – more than 25,000 per minute. This issue effectively acted like a denial of service (DoS) attack on the exchange, causing it to shut down for around 40 minutes.

We’re aware that during this time, some traders were unable to react to price movements and exit their positions, resulting in liquidations. As always, in these circumstances, we will refund traders who were unfairly liquidated. If you believe you were affected, please contact support if you haven’t already done so. We’d also like to apologize to all traders for the interruption.

How Can We Prevent Future Incidents?

Today, Adam has had a frank discussion with the development team about what needs to happen to avoid future instances of downtime.  In summary, the sheer number of updates that we’ve put through in recent weeks is creating the opportunity for vulnerabilities to sneak through undetected. In the last week alone, we’ve launched a new $1 tick size on the BTC markets, we’ve updated a new spot price feed, increased leverage to 100x and made several backend improvements. While these updates are helping to meet the requests of our users, their value is diluted if we can’t ensure continuous uptime.

Therefore, the development team has advised that we put a temporary hiatus on further updates for a week until they’ve had a chance to conduct a full assessment of the exchange. Doing so will provide the opportunity to find any remaining issues and help prevent future downtime.

It’s also likely that we will have to take further updates somewhat most gradually than we have been implementing over recent weeks. This may mean spending longer testing in both alpha and beta for new features on the exchange in the future. For now, gold and Amazon markets will remain in test mode.

While all development operations are under the leadership of SmartDec, sub-teams are working on different components of Digitex’s development.

User Experience is Paramount

We know that it may be disappointing to hear that development will be at a more careful pace. However, user experience is the absolute priority and not something on which we’re prepared to compromise. Our focus remains on growing and improving, but seamless execution is critical to ensuring we aren’t alienating otherwise loyal traders.

There is plenty still to come over the coming months. So there’s every reason to remain optimistic and stick with us as we work to make Digitex one of the top cryptocurrency firms in the space.

October 2, 2020
Digitex Futures

Update Following Yesterday’s Exchange Outage

Digitex
exchange

On Thursday, at around 1700 UTC, the Digitex exchange went down for approximately 40 minutes. We’re very mindful that this isn’t the first time we’ve experienced downtime recently, and the detriment that the outages are having to trader experience. Therefore, in today’s blog post, we explain what happened yesterday and the steps we’re taking to address the underlying issues.

First, an explanation of what happened yesterday. The technical reason for the outage is that the market making bots broke down with an error that caused them to flood the exchange with messages – more than 25,000 per minute. This issue effectively acted like a denial of service (DoS) attack on the exchange, causing it to shut down for around 40 minutes.

We’re aware that during this time, some traders were unable to react to price movements and exit their positions, resulting in liquidations. As always, in these circumstances, we will refund traders who were unfairly liquidated. If you believe you were affected, please contact support if you haven’t already done so. We’d also like to apologize to all traders for the interruption.

How Can We Prevent Future Incidents?

Today, Adam has had a frank discussion with the development team about what needs to happen to avoid future instances of downtime.  In summary, the sheer number of updates that we’ve put through in recent weeks is creating the opportunity for vulnerabilities to sneak through undetected. In the last week alone, we’ve launched a new $1 tick size on the BTC markets, we’ve updated a new spot price feed, increased leverage to 100x and made several backend improvements. While these updates are helping to meet the requests of our users, their value is diluted if we can’t ensure continuous uptime.

Therefore, the development team has advised that we put a temporary hiatus on further updates for a week until they’ve had a chance to conduct a full assessment of the exchange. Doing so will provide the opportunity to find any remaining issues and help prevent future downtime.

It’s also likely that we will have to take further updates somewhat most gradually than we have been implementing over recent weeks. This may mean spending longer testing in both alpha and beta for new features on the exchange in the future. For now, gold and Amazon markets will remain in test mode.

While all development operations are under the leadership of SmartDec, sub-teams are working on different components of Digitex’s development.

User Experience is Paramount

We know that it may be disappointing to hear that development will be at a more careful pace. However, user experience is the absolute priority and not something on which we’re prepared to compromise. Our focus remains on growing and improving, but seamless execution is critical to ensuring we aren’t alienating otherwise loyal traders.

There is plenty still to come over the coming months. So there’s every reason to remain optimistic and stick with us as we work to make Digitex one of the top cryptocurrency firms in the space.

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 15

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 16 Ten Reasons Digitex is Here to Stay 17

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 18 Ten Reasons Digitex is Here to Stay 19

(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 20

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 21

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 22 Ten Reasons Digitex is Here to Stay 23

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 24 Ten Reasons Digitex is Here to Stay 25

(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 26

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

Commission-Free

Why Pay Fees When You Can Trade Commission-Free?

Digitex Futures
Trading
• admin
April 14, 2020

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

April 14, 2020
Digitex Futures
Trading

Why Pay Fees When You Can Trade Commission-Free?

admin
Commission-Free

Digitex is in the process of building the world’s first commission-free futures exchange. For the first time in the history of the financial markets, traders won’t be penalized for doing exactly what the exchange needs to survive – trading. So, as Digitex Futures prepares its platform for launch, could it be on the verge of redefining the way financial exchanges operate forever? Luke Green explains… 

Why Commissions?

Commissions have likely been a part of trading since the first recorded buying and selling of shares occurred in Rome in the 2nd century BC. However, we do know from the Buttonwood Agreement that commissions were an accepted part of trading as far back as 1792.

In this document, the founding fathers of Wall Street agreed to set their commissions at a very reasonable 0.25%. So as a concept, commissions in trading are about as mainstream as wheels on cars.

But why charge commissions? Simply put it’s because there are costs and owners who want to profit. Exchanges are in essence, marketplaces.

So, whether it’s the rental fee for setting out your cake stall or the hosting costs for your exchange interface, marketplaces all have one thing in common. There are overheads that need to be paid.

Of course, there are many ways to recoup these costs. It could be membership fees, listing fees, or software licensing fees, to name a few. However, commissions are favored for their market efficiency.

They allow marketplace owners to recoup costs at the point of exchange but they remove the ‘perceived’ upfront cost for the vendor using the marketplace. On the surface, this seems like a win/win arrangement but the commission model comes with inherent problems. 

For example, if one marketplace becomes the dominant player, it will tend to work against its vendors to maximize profits. Rebalancing can only happen if another marketplace starts to become competitive. 

Specifically, for futures trading, paying a per-trade commission means every trade must meet a minimum profitability threshold since you have to pay the house first. Only once the trade has paid for itself does it become profitable.

So for a short-term trader who’s dependent on fast and frequent transactions, commissions eat into your profits and add to your losses.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
Technology Disruption

The New York Stock Exchange (NYSE) was formed in 1792. It dominated the US economy for nearly 200 years until the NASDAQ exchange emerged as a contender in 1971.

NASDAQ took a new technological approach, providing a network of computer terminals to make trading both faster and cheaper. The NYSE only managed to retain its dominance by actually listing on the NASDAQ, merging with another company and going onto adopt modern practices.

This example is just one of many that illustrate how technology has the power to disrupt long-established business models. Of course, with the advent of the internet and smartphones, super-fast trading marketplaces are now literally in your pocket. Yet its seems, despite tireless innovation everywhere else, the old-school concept of commissions remains central to most marketplace services. 

The market’s stubborn grip on the commission model is most likely due to a combination of industry blindness and profiteering. Why innovate when there’s money to be made?

However, with the emergence of ‘trustless’ self-governing systems, blockchain technology has created the tools to revolutionize the entire concept of commission.

How Can It Be Commission ‘Free’?

Of course, nothing is free right? That idea died the moment we found out that the price to pay was our data. Even so, how can Digitex remove something as fundamental as commissions and continue to pay its bills? 

The answer, it turns out, is to shift where the costs of running the exchange are recouped. To create a dedicated currency (DGTX) via which all financial transactions on the exchange take place. In doing so, Digitex has created a mechanism that will efficiently capture the value of the exchange directly into the DGTX token. By initially selling tokens from the Treasury and then eventually through token issuance, Digitex can realize a portion of the DGTX token value, which it will use to run the exchange.

It’s a groundbreaking idea with maximum upside for all invested parties. For traders, it means they will be able to pursue previously unrealistic trading strategies, performing fast and frequent trades and scalping all of the profits for themselves. Not to mention the fact that the uniqueness of commission-free trading, which is just one of the many features offered by Digitex, will create a huge amount of demand. This demand will also serve to offset the inflationary effect of issuing new DGTX tokens.

So, Could This Be The Future?

If the Digitex exchange proves as popular as the previous DGTX price rallies indicate, it will completely reshape the dynamic between the vendor and marketplace. This will have far-reaching consequences for the entire exchange industry.

We live in a world where the old systems and processes are increasingly being exposed for their frailties and weaknesses. Now, Digitex could have a working example of a robust business model that finally realizes the promise of blockchain technology in a practical and user-oriented context.

For the first time, there will be a futures exchange that operates as a self-governing autonomous organization, placing just as much priority on the profitability of its participants as it does the sustainability of its operations. It is almost guaranteed to send reverberations far beyond the cryptocurrency and fintech sphere. 

That is massive.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

 

Latest News

digitex

Digitex: A Natural Culmination of My Trading Journey

Crypto Industry
Digitex Futures
• Adam Todd
April 7, 2020

Picture this. It’s the early 1990s in London. A 19-year old rookie is literally thrown into the middle of the Bund futures trading pit. Orders flying around at a dizzying pace. Howls of ridicule and abuse from the merciless pack of 200 traders surrounding him…

Yep, that was me! But starting out like that as an open outcry pit trader gave me a 3D view of the market mechanics and a lasting fascination with the dynamics. Even now that everything is screen-based, I still visualize a futures trading market exactly the same as I always have: a large, baying crowd of aggressive individuals trying to outwit one other and take each other’s money. 

A market is a living, breathing beast with a life of its own that nobody can control. It’s an arena where buy and sell orders fly around, coming from every direction, clashing with each other in apparent chaos. 

For me, coming from this live-action environment means that I know short term trading has almost nothing to do with the fundamentals of the underlying instrument. Rather, successful scalpers have the ability to visualize how that crowd is behaving, in an attempt to predict what they might do in the next few seconds or minutes. Whatever it is that they’re buying and selling is largely irrelevant.

Digitalizing the Pit Experience

When you want to transfer these trading pit dynamics onto a computer screen, it’s imperative that the technology is up to the task. Screen-based traders must be able to submit trades as quickly and easily as shouting “Sold!”, and they must be able to see bids and offers moving in real-time even in the busiest times. 

Fast and reliable technology that works without hiccups or glitches, and that clearly displays exactly what is going on right now, is critical to the success of an exchange. And the large futures exchanges like CME and LIFFE that made the transition from open outcry pit trading to electronic trading did a very good job with the technology. It wasn’t an option – they had to. 

These companies poured millions of dollars into creating highly resilient, robust, lightning-fast systems that were up to the job. As a result, they’ve gone from strength to strength.

The importance of good technology in an electronic trading environment is seared into my brain because I know that a market isn’t just numbers on a screen. The electronic trading pit must offer the same low latency and resilience and speed of execution and speed of communication as a physical crowd of people. Because that’s essentially what it is. Any shortcomings, even in just one of these areas, will have a direct negative effect on liquidity. 

And lack of liquidity is a market-killer. CME knew that, LIFFE knew that, and I know that. 

Winners Never Quit, and Quitters Never Win

It’s with this 3D clarity of purpose that I have approached the development of the Digitex Futures exchange. Our trading platform must be the absolute best that it can be if we want to achieve the level of success that I want and expect. The crypto trading community has shown a massive interest in Digitex and the concept of zero-fee futures trading. I have refused to jeopardize that by releasing a trading platform that is not up to the job. 

I’ve received a lot of criticism for the development delays that we have suffered, and I take full responsibility for that. Mistakes were made in my choice of developers and also in how I managed them. But having made those mistakes I won’t compound them further by accepting what they gave me and releasing a trading platform that doesn’t accurately transfer the dynamics of the trading pit onto your computer screen. 

My only available course of action was to learn from my mistakes. So I carried on and hired the best development team I could find and moved to Moscow to work with them full time. It never crossed my mind to quit. I will continue to execute my vision until I get the exchange I want. 

If We’re Gonna Do This, We’re Gonna Do It Right

The testnet platform that we released on November 30th was the product of my refusal to accept second best. As a trader, you can view real-time price action on an intuitive ladder interface. You have the ability to submit trades instantly, with a single click of the mouse, with no mouse movement or keyboard strokes needed, never taking your eyes from the price action. 

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Bids and offers will literally move up and down the trading ladder, enabling you to get in the zone and visualize what’s happening and what might happen next. All relevant market information will be displayed without needing to scroll and you’ll be able to react instantly to any situation with little to no mouse movement. 

Despite heavy load from thousands of active traders pursuing high-frequency trading strategies that aren’t viable on fee-charging exchanges, the Digitex matching engine will be fast and efficient enough to deal with the resulting liquidity. 

A Rare Beast, Waiting to be Unleashed

Ease of use and a matching engine that works under heavy strain sound so simple, right? Like they should be something we can just take for granted. But if you look at the majority of cryptocurrency exchanges that are out there right now, you can see for yourself how rare this level of quality actually is. 

There are literally hundreds of examples of shit exchanges with ugly, glitchy trading interfaces. Multiple mouse movements and keyboard strokes to do anything even before you execute a trade. Fragile and badly built matching engines that just don’t work properly. 

This lack of quality doesn’t surprise me. I’ve learned firsthand that it’s very difficult to create a fast and robust exchange with an intuitive interface and a matching engine that can withstand the rigors of thousands of active traders. Most companies fail miserably because they rush to bring a product to market. Once it’s live, they only care about making a quick profit from your trading fees. But in so doing they join the ranks of hundreds of other irrelevant and illiquid exchanges.

The Digitex Futures exchange will stand head and shoulders above the rest. Our platform is well designed, easy to use, and will be a highly liquid exchange with a bulletproof matching engine that just works. We’re taking our inspiration from the trading platforms developed by the likes of CME and LIFFE, not the substandard crypto exchanges that dominate the current market. 

The launch of the testnet was only the very beginning and the mainnet coming up on April 27 will be just the next step. Digitex is the natural culmination of my trading journey so far, and there is so much more that I want to do with it over the coming years. 

Thanks for sticking with us so far. I promise it will be worth the wait.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
April 7, 2020
Crypto Industry
Digitex Futures

Digitex: A Natural Culmination of My Trading Journey

Adam Todd
digitex

Picture this. It’s the early 1990s in London. A 19-year old rookie is literally thrown into the middle of the Bund futures trading pit. Orders flying around at a dizzying pace. Howls of ridicule and abuse from the merciless pack of 200 traders surrounding him…

Yep, that was me! But starting out like that as an open outcry pit trader gave me a 3D view of the market mechanics and a lasting fascination with the dynamics. Even now that everything is screen-based, I still visualize a futures trading market exactly the same as I always have: a large, baying crowd of aggressive individuals trying to outwit one other and take each other’s money. 

A market is a living, breathing beast with a life of its own that nobody can control. It’s an arena where buy and sell orders fly around, coming from every direction, clashing with each other in apparent chaos. 

For me, coming from this live-action environment means that I know short term trading has almost nothing to do with the fundamentals of the underlying instrument. Rather, successful scalpers have the ability to visualize how that crowd is behaving, in an attempt to predict what they might do in the next few seconds or minutes. Whatever it is that they’re buying and selling is largely irrelevant.

Digitalizing the Pit Experience

When you want to transfer these trading pit dynamics onto a computer screen, it’s imperative that the technology is up to the task. Screen-based traders must be able to submit trades as quickly and easily as shouting “Sold!”, and they must be able to see bids and offers moving in real-time even in the busiest times. 

Fast and reliable technology that works without hiccups or glitches, and that clearly displays exactly what is going on right now, is critical to the success of an exchange. And the large futures exchanges like CME and LIFFE that made the transition from open outcry pit trading to electronic trading did a very good job with the technology. It wasn’t an option – they had to. 

These companies poured millions of dollars into creating highly resilient, robust, lightning-fast systems that were up to the job. As a result, they’ve gone from strength to strength.

The importance of good technology in an electronic trading environment is seared into my brain because I know that a market isn’t just numbers on a screen. The electronic trading pit must offer the same low latency and resilience and speed of execution and speed of communication as a physical crowd of people. Because that’s essentially what it is. Any shortcomings, even in just one of these areas, will have a direct negative effect on liquidity. 

And lack of liquidity is a market-killer. CME knew that, LIFFE knew that, and I know that. 

Winners Never Quit, and Quitters Never Win

It’s with this 3D clarity of purpose that I have approached the development of the Digitex Futures exchange. Our trading platform must be the absolute best that it can be if we want to achieve the level of success that I want and expect. The crypto trading community has shown a massive interest in Digitex and the concept of zero-fee futures trading. I have refused to jeopardize that by releasing a trading platform that is not up to the job. 

I’ve received a lot of criticism for the development delays that we have suffered, and I take full responsibility for that. Mistakes were made in my choice of developers and also in how I managed them. But having made those mistakes I won’t compound them further by accepting what they gave me and releasing a trading platform that doesn’t accurately transfer the dynamics of the trading pit onto your computer screen. 

My only available course of action was to learn from my mistakes. So I carried on and hired the best development team I could find and moved to Moscow to work with them full time. It never crossed my mind to quit. I will continue to execute my vision until I get the exchange I want. 

If We’re Gonna Do This, We’re Gonna Do It Right

The testnet platform that we released on November 30th was the product of my refusal to accept second best. As a trader, you can view real-time price action on an intuitive ladder interface. You have the ability to submit trades instantly, with a single click of the mouse, with no mouse movement or keyboard strokes needed, never taking your eyes from the price action. 

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Bids and offers will literally move up and down the trading ladder, enabling you to get in the zone and visualize what’s happening and what might happen next. All relevant market information will be displayed without needing to scroll and you’ll be able to react instantly to any situation with little to no mouse movement. 

Despite heavy load from thousands of active traders pursuing high-frequency trading strategies that aren’t viable on fee-charging exchanges, the Digitex matching engine will be fast and efficient enough to deal with the resulting liquidity. 

A Rare Beast, Waiting to be Unleashed

Ease of use and a matching engine that works under heavy strain sound so simple, right? Like they should be something we can just take for granted. But if you look at the majority of cryptocurrency exchanges that are out there right now, you can see for yourself how rare this level of quality actually is. 

There are literally hundreds of examples of shit exchanges with ugly, glitchy trading interfaces. Multiple mouse movements and keyboard strokes to do anything even before you execute a trade. Fragile and badly built matching engines that just don’t work properly. 

This lack of quality doesn’t surprise me. I’ve learned firsthand that it’s very difficult to create a fast and robust exchange with an intuitive interface and a matching engine that can withstand the rigors of thousands of active traders. Most companies fail miserably because they rush to bring a product to market. Once it’s live, they only care about making a quick profit from your trading fees. But in so doing they join the ranks of hundreds of other irrelevant and illiquid exchanges.

The Digitex Futures exchange will stand head and shoulders above the rest. Our platform is well designed, easy to use, and will be a highly liquid exchange with a bulletproof matching engine that just works. We’re taking our inspiration from the trading platforms developed by the likes of CME and LIFFE, not the substandard crypto exchanges that dominate the current market. 

The launch of the testnet was only the very beginning and the mainnet coming up on April 27 will be just the next step. Digitex is the natural culmination of my trading journey so far, and there is so much more that I want to do with it over the coming years. 

Thanks for sticking with us so far. I promise it will be worth the wait.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

The Road to Our Testnet Launch - Latest Development Report 27

The Road to Our Testnet Launch – Latest Development Report

Blockchain
Digitex Futures
• admin
September 6, 2019

The 15-strong team of developers at SmartDec has been leaving no stone unturned. In their previous report, we were excited to receive a launch date for the testnet. On 30 November, we’ll be opening the doors at last and onboarding thousands of traders. But it hasn’t been smooth sailing to get here. This latest update straight from Moscow describes all the challenges and issues they’ve had to overcome to reach this point.

Going through the Dublin Code

If you’re familiar with the Digitex project, you’ll know that development has been our greatest challenge. We started out with a team of programmers in Dublin with experience building systems-critical software in the telecoms industry. 
Our team worked hard and did their best. But as Adam has mentioned in several interviews, they simply didn’t have the experience to build something as challenging as a real-time futures exchange and matching engine capable of handling heavy load. However, they shared their code with SmartDec and although there were several issues with it, it still gave the new team a starting point.
If you want to read in greater depth about the technical issues SmartDec uncovered and the work they put in to ensure the system is robust and fast, check out their latest development report here. In a nutshell, our Dublin team sent SmartDec the web back-end, UI, several databases, message queue, and the futures engine itself. Some of it was functional, but much work is still to be done. 

The Work SmartDec Has Done So Far

When you take a moment to consider the many elements that building a robust, high speed and resilient futures exchange takes, it’s not surprising that we’ve hit a few roadblocks. Adam has high standards and knows what he wants. That takes a team of great minds and innovation to pull it all together. It hasn’t been easy but we’ve finally found that in SmartDec.
From adding functionality to the back end to optimizing and debugging the futures engine and building out the ladder interface, the team has been developing the exchange at lightning speed. Rather than thinking of the simplest examples and user stories, they’ve researched and implemented a full 17 user stories so far for the interface and are extensively testing them all.

Building a Back Office and Implementing the Database

The code that SmartDec received was missing a key element–the back office. The new team extensively researched the best methods for implementing this for the Digitex exchange. They did this through back to back meetings with Adam and also by consulting external third parties more familiar with the issue. 
SmartDec have decided to integrate some third party elements into our back office in order to avoid reinventing the wheel and to cut down on development time. One example of this is the integration of Zendesk. And as SmartDec mentions in their report, “Everything that is not a third party component is now in development.”
The existing database from Dublin included many unused tables. The team quickly set about optimizing the code so that it can achieve super-fast performance and optimal uptime. 

Optimizing and Refactoring The Message Queue System and Futures Engine

By optimizing the existing message queue system SmartDec have taken its capacity from 20,000 messages per second to 500,000 messages per second. And extensive refactoring of the future engine means it is now capable of handling 40,000 transactions per second. One transaction consists of order placement, matching, creating a trade and then communicating this to observers, meaning that one transaction consists of up to 4 messages. With further optimization and testing this capacity is expected to rise.

Wrapping It Up

SmartDec points out that this latest report is a collection of notes from over the summer and that since then development has moved further along. In fact, these reports are always at least 2 weeks behind where they are currently at. The team continues building all the components of the exchange together to run them as a whole–as well as testing, testing, and more testing to deliver a fast, stable, and highly resilient futures exchange.

September 6, 2019
Blockchain
Digitex Futures

The Road to Our Testnet Launch – Latest Development Report

admin
The Road to Our Testnet Launch - Latest Development Report 28

The 15-strong team of developers at SmartDec has been leaving no stone unturned. In their previous report, we were excited to receive a launch date for the testnet. On 30 November, we’ll be opening the doors at last and onboarding thousands of traders. But it hasn’t been smooth sailing to get here. This latest update straight from Moscow describes all the challenges and issues they’ve had to overcome to reach this point.

Going through the Dublin Code

If you’re familiar with the Digitex project, you’ll know that development has been our greatest challenge. We started out with a team of programmers in Dublin with experience building systems-critical software in the telecoms industry. 
Our team worked hard and did their best. But as Adam has mentioned in several interviews, they simply didn’t have the experience to build something as challenging as a real-time futures exchange and matching engine capable of handling heavy load. However, they shared their code with SmartDec and although there were several issues with it, it still gave the new team a starting point.
If you want to read in greater depth about the technical issues SmartDec uncovered and the work they put in to ensure the system is robust and fast, check out their latest development report here. In a nutshell, our Dublin team sent SmartDec the web back-end, UI, several databases, message queue, and the futures engine itself. Some of it was functional, but much work is still to be done. 

The Work SmartDec Has Done So Far

When you take a moment to consider the many elements that building a robust, high speed and resilient futures exchange takes, it’s not surprising that we’ve hit a few roadblocks. Adam has high standards and knows what he wants. That takes a team of great minds and innovation to pull it all together. It hasn’t been easy but we’ve finally found that in SmartDec.
From adding functionality to the back end to optimizing and debugging the futures engine and building out the ladder interface, the team has been developing the exchange at lightning speed. Rather than thinking of the simplest examples and user stories, they’ve researched and implemented a full 17 user stories so far for the interface and are extensively testing them all.

Building a Back Office and Implementing the Database

The code that SmartDec received was missing a key element–the back office. The new team extensively researched the best methods for implementing this for the Digitex exchange. They did this through back to back meetings with Adam and also by consulting external third parties more familiar with the issue. 
SmartDec have decided to integrate some third party elements into our back office in order to avoid reinventing the wheel and to cut down on development time. One example of this is the integration of Zendesk. And as SmartDec mentions in their report, “Everything that is not a third party component is now in development.”
The existing database from Dublin included many unused tables. The team quickly set about optimizing the code so that it can achieve super-fast performance and optimal uptime. 

Optimizing and Refactoring The Message Queue System and Futures Engine

By optimizing the existing message queue system SmartDec have taken its capacity from 20,000 messages per second to 500,000 messages per second. And extensive refactoring of the future engine means it is now capable of handling 40,000 transactions per second. One transaction consists of order placement, matching, creating a trade and then communicating this to observers, meaning that one transaction consists of up to 4 messages. With further optimization and testing this capacity is expected to rise.

Wrapping It Up

SmartDec points out that this latest report is a collection of notes from over the summer and that since then development has moved further along. In fact, these reports are always at least 2 weeks behind where they are currently at. The team continues building all the components of the exchange together to run them as a whole–as well as testing, testing, and more testing to deliver a fast, stable, and highly resilient futures exchange.

Latest News

Latest News