Recap AMA on the Digitex Public Testnet Launch  1

Recap AMA on the Digitex Public Testnet Launch 

Digitex Futures
• Christina Comben
August 29, 2019

Last week, we announced that Digitex Futures will launch our public testnet starting 30th November. So far, the announcement has been met with mixed reactions, but our CEO Adam Todd has never been one to shy away from our supporters. In this AMA, he candidly takes on all your questions about the launch and more.

AMA – The Digitex Public Testnet Launch

Adam opens the video by recapping last week’s launch announcement and openly expressing his surprise that the announcement wasn’t received more bullishly. He admits he misread the perception and hadn’t realized people think November is so far away. He highlights that since April, there has been a vast amount of development progress and November is closer than it may seem. 
From this brief introduction, Adam goes straight into your questions. Let’s take a look at them one at a time. 

Q: Does the BTCUSD perpetual contract market as an initial offering indicate a shift away from traditional futures to perpetual contracts? 

Yes, it does. We’ve been looking into other exchanges like BitMEX, and have sought feedback from experts in the market. As a result, we believe that perpetual swaps are more appealing to retail traders. They’re simpler to understand, with no expiry date. With an eight hour funding period, the swap price doesn’t get that far out from the spot price. 
With a futures contract that may not expire for another month, there’s a premium because the spot price is further away from the contract price. Also, at settlement, there’s a need to settle the old contract and then open a new contract. Perpetual swap futures are the way forward for attracting retail traders and therefore, ensuring volume. 

Q: Will traditional futures with an expiry date be an option, or will Digitex focus mostly on perpetuals? 

We plan to focus mostly on perpetuals. The more markets and products that we offer, the more we’ll end up breaking up liquidity between different offerings. We don’t want to be the Amazon of futures exchanges. So yes, we are going for fewer strong markets to consolidate liquidity rather than offer hundreds of different products.

Q: What are the specifications of the perpetual swap contracts? 

It will be a dollar’s worth of DGTX tokens. The contract specifications will be the same as the other exchanges like BitMEX or Bybit. There’s a simple reason for this – we want traders from those exchanges to come over to Digitex and therefore, it has to be an easy switch. 
Along with manual traders, we expect there will also be many bot traders. We don’t want bot traders to have to reprogram everything for a new set of contract specifications. Bot traders will be able to come over to our exchange easily, using their existing configuration. Having the same contract specifications as other exchanges will also encourage arbitrageurs between exchanges. 

Q: Any further information on the peg system? 

To explain, the Digitex peg system is just another futures market for the price of DGTX against ETH, BTC or USD. It offers a means of hedging the price of your DGTX while you’re holding it so you can trade on our futures exchange. It locks in the price of DGTX. As you’re holding DGTX, you could sell a futures contract for your holdings on the Digitex peg system so if the price goes down, you may lose money on your trades but you’ll gain money on the peg system futures short positions. The same applies vice versa. 
It will be tailored to the perpetual swaps, so a dollar’s worth of DGTX. It will likely be a perpetual swap specification, but we still have to determine all the specs together with SmartDec. Watch this space.

Q: Will there be an API at full launch or even at the test stage? 

This is really a development question so it depends on SmartDec. For the testnet, however, there won’t be an API.  

Q: For the testnet launch, SmartDec’s announcement stated the platform will support 10,000 users. Does this mean only 10,000 users can use the platform? 

Yes, for as long the testnet lasts, there will be a maximum of 10,000 users. We don’t yet know how long the testing will run. It depends on SmartDec as a development-led decision. 

Q: Given that you plan to be non-custodial long-term, does this mean that BTC, EOS, TRON, etc won’t be listed on the spot markets?

Not necessarily, no. We won’t offer a spot market without Bitcoin, it doesn’t make any sense. This may mean we won’t offer BTC spot markets with non-custodial accounts. Maybe in the future it will be possible to offer non-custodial accounts with BTC based on a Bitcoin smart contract layer like RSK. However, this isn’t something we’re actively investigating right now.
As things stand, we want to offer BTC on spot markets, even if it’s on a custodial basis. But spot markets will only be part of our roadmap once we’ve launched. Once we do launch, we’ll work with SmartDec to determine how and when we can develop a spot market solution.  

Q: Any new exchange listings coming up? 

Yes, we have a new exchange listing announcement coming out at the end of this week. We can’t say too much, but it isn’t Binance! There will be an app for mobile trading of DGTX. It’s our plan to get listed on more exchanges. 

Q: What about the DAO? 

We’ve had a lot of questions about this, but it isn’t really a topic for this AMA, as we want to focus on the testnet announcement. We’ll be dedicating a further AMA to this later on. However, we can provide a brief update. 
We were going to issue DigiDAO tokens in October, but we’ve made a conscious business decision to delay this for now.
The reason is that if we start issuing DigiDAO tokens now before the testnet has even launched, there’s a risk that people might start dumping them at any price. Even with the testnet announcement having come directly from SmartDec, there is still a lot of doubt and FUD going on right now which is reflected in the current price. While we understand this, it means that there’s currently too much risk to start issuing DigiDAO tokens. 
To explain further, if we do start issuing tokens and people try to dump them, it creates a further set of problems. The DigiDAO has some characteristics of being a security as it represents equity ownership, so it won’t get listed on any of the big, liquid, centralized exchanges. If people do decide to dump the tokens, their only option will be to sell them on illiquid DEXs. 
We need to make sure that the DAO tokens are tradeable and liquid if the DAO is to be a success. Once we launch our own spot market, we’ll be in a position to manage liquidity. Until then, we won’t be releasing the DAO tokens. It may be disappointing but from a business perspective, it’s the best and most sustainable way forward. 

Q: If the Treasury doesn’t sell tokens for a while if the price is below $0.05c, will Digitex survive? 

Of course, Digitex will survive! Adam and the team are committed to the future of the company no matter what happens. In every sense of the word, we’re better than we have ever been. The current price doesn’t reflect the current state of the company, and our cash flow situation is secure. 

Q: When will we see a demo or screenshots? 

As soon as we have screenshots or a demo from SmartDec, we will share them with you. SmartDec are conservative in their approach, to make sure they can deliver what they promise. So they won’t release anything too early, in order not to build excitement before they’ve ensured the reality matches up. 

Q: Is there a chance that existing exchanges with their own coin will steal the Digitex idea? 

If nobody wants to copy our idea, that’s not necessarily a good thing! Look at the markets – even Binance is entering the futures game, which is great and lends validity to what we’re doing. 
However, remember that for the existing exchanges, their fee model is working for them as it is. There isn’t necessarily any reason for them to change it at this point. Digitex is different in many ways from these companies. We don’t exist to make our stakeholders profit. But if the competition is there, we’re happy to take it on. 

Q: Have you considered offering trading competitions on testnet? 

Yes, once the testnet is open then we’re happy to offer some user-generated content. Anything that can generate interest and engagement is a great idea. It’s not yet confirmed, but we like the idea. 

Q: Is KYC needed for test net? 

There isn’t any reason why we’d need to perform KYC on testnet because we’re not trading real money. There will be KYC on the live launch. 
It’s possible we may keep the testnet open beyond the live launch date. It could be a great training ground for new traders. It’s just an idea at this point, but it’s possible. 

Q: When will the promotion begin? Will you be opening up the waitlist competition again? 

We have so many big plans! We can’t say too much at this point, but we have a viral marketing campaign in store, and starting soon. 

Q: Will there be 100x leverage on testnet? 

Yes, the testnet will have all the features of the mainnet contract, but without real money.

Q: Are SmartDec devs ever going to appear on videos? It would help morale. 

We would love them to, but not everyone enjoys being on camera! Perhaps in the future we may feature some of the developers on our videos.

Q: Will the exchange be in multiple languages? 

Yes, absolutely. We’ve translated our website into Chinese, Japanese, Korean and Russian. Our waitlist and affiliate program is also already translated. We’re looking at more languages, including Turkish, Vietnamese, and Brazilian Portuguese. Our marketing campaigns will also be in multiple languages. 

Q: When will we see a roadmap with future events? 

At the moment the roadmap is just to get us to the beta launch. After that, we’ll put a roadmap together, with timelines for further features, such as a mobile app. 
Bear in mind that this is going to be a long development process. If we do all the things we want to do to make our exchange what we want it to be, we have to take it a step at a time. 

Wrapping It Up

We hope we’ve been able to answer all your questions! Overall, everything at Digitex is going very well. We’re really happy with the development progress and our marketing plans. We will be doing another AMA at some point soon, with more updates on development progress. Thanks everyone for joining this session and if you have any questions, don’t forget to join in the conversation on Telegram.

August 29, 2019
Digitex Futures

Recap AMA on the Digitex Public Testnet Launch 

Christina Comben
Recap AMA on the Digitex Public Testnet Launch  2

Last week, we announced that Digitex Futures will launch our public testnet starting 30th November. So far, the announcement has been met with mixed reactions, but our CEO Adam Todd has never been one to shy away from our supporters. In this AMA, he candidly takes on all your questions about the launch and more.

AMA – The Digitex Public Testnet Launch

Adam opens the video by recapping last week’s launch announcement and openly expressing his surprise that the announcement wasn’t received more bullishly. He admits he misread the perception and hadn’t realized people think November is so far away. He highlights that since April, there has been a vast amount of development progress and November is closer than it may seem. 
From this brief introduction, Adam goes straight into your questions. Let’s take a look at them one at a time. 

Q: Does the BTCUSD perpetual contract market as an initial offering indicate a shift away from traditional futures to perpetual contracts? 

Yes, it does. We’ve been looking into other exchanges like BitMEX, and have sought feedback from experts in the market. As a result, we believe that perpetual swaps are more appealing to retail traders. They’re simpler to understand, with no expiry date. With an eight hour funding period, the swap price doesn’t get that far out from the spot price. 
With a futures contract that may not expire for another month, there’s a premium because the spot price is further away from the contract price. Also, at settlement, there’s a need to settle the old contract and then open a new contract. Perpetual swap futures are the way forward for attracting retail traders and therefore, ensuring volume. 

Q: Will traditional futures with an expiry date be an option, or will Digitex focus mostly on perpetuals? 

We plan to focus mostly on perpetuals. The more markets and products that we offer, the more we’ll end up breaking up liquidity between different offerings. We don’t want to be the Amazon of futures exchanges. So yes, we are going for fewer strong markets to consolidate liquidity rather than offer hundreds of different products.

Q: What are the specifications of the perpetual swap contracts? 

It will be a dollar’s worth of DGTX tokens. The contract specifications will be the same as the other exchanges like BitMEX or Bybit. There’s a simple reason for this – we want traders from those exchanges to come over to Digitex and therefore, it has to be an easy switch. 
Along with manual traders, we expect there will also be many bot traders. We don’t want bot traders to have to reprogram everything for a new set of contract specifications. Bot traders will be able to come over to our exchange easily, using their existing configuration. Having the same contract specifications as other exchanges will also encourage arbitrageurs between exchanges. 

Q: Any further information on the peg system? 

To explain, the Digitex peg system is just another futures market for the price of DGTX against ETH, BTC or USD. It offers a means of hedging the price of your DGTX while you’re holding it so you can trade on our futures exchange. It locks in the price of DGTX. As you’re holding DGTX, you could sell a futures contract for your holdings on the Digitex peg system so if the price goes down, you may lose money on your trades but you’ll gain money on the peg system futures short positions. The same applies vice versa. 
It will be tailored to the perpetual swaps, so a dollar’s worth of DGTX. It will likely be a perpetual swap specification, but we still have to determine all the specs together with SmartDec. Watch this space.

Q: Will there be an API at full launch or even at the test stage? 

This is really a development question so it depends on SmartDec. For the testnet, however, there won’t be an API.  

Q: For the testnet launch, SmartDec’s announcement stated the platform will support 10,000 users. Does this mean only 10,000 users can use the platform? 

Yes, for as long the testnet lasts, there will be a maximum of 10,000 users. We don’t yet know how long the testing will run. It depends on SmartDec as a development-led decision. 

Q: Given that you plan to be non-custodial long-term, does this mean that BTC, EOS, TRON, etc won’t be listed on the spot markets?

Not necessarily, no. We won’t offer a spot market without Bitcoin, it doesn’t make any sense. This may mean we won’t offer BTC spot markets with non-custodial accounts. Maybe in the future it will be possible to offer non-custodial accounts with BTC based on a Bitcoin smart contract layer like RSK. However, this isn’t something we’re actively investigating right now.
As things stand, we want to offer BTC on spot markets, even if it’s on a custodial basis. But spot markets will only be part of our roadmap once we’ve launched. Once we do launch, we’ll work with SmartDec to determine how and when we can develop a spot market solution.  

Q: Any new exchange listings coming up? 

Yes, we have a new exchange listing announcement coming out at the end of this week. We can’t say too much, but it isn’t Binance! There will be an app for mobile trading of DGTX. It’s our plan to get listed on more exchanges. 

Q: What about the DAO? 

We’ve had a lot of questions about this, but it isn’t really a topic for this AMA, as we want to focus on the testnet announcement. We’ll be dedicating a further AMA to this later on. However, we can provide a brief update. 
We were going to issue DigiDAO tokens in October, but we’ve made a conscious business decision to delay this for now.
The reason is that if we start issuing DigiDAO tokens now before the testnet has even launched, there’s a risk that people might start dumping them at any price. Even with the testnet announcement having come directly from SmartDec, there is still a lot of doubt and FUD going on right now which is reflected in the current price. While we understand this, it means that there’s currently too much risk to start issuing DigiDAO tokens. 
To explain further, if we do start issuing tokens and people try to dump them, it creates a further set of problems. The DigiDAO has some characteristics of being a security as it represents equity ownership, so it won’t get listed on any of the big, liquid, centralized exchanges. If people do decide to dump the tokens, their only option will be to sell them on illiquid DEXs. 
We need to make sure that the DAO tokens are tradeable and liquid if the DAO is to be a success. Once we launch our own spot market, we’ll be in a position to manage liquidity. Until then, we won’t be releasing the DAO tokens. It may be disappointing but from a business perspective, it’s the best and most sustainable way forward. 

Q: If the Treasury doesn’t sell tokens for a while if the price is below $0.05c, will Digitex survive? 

Of course, Digitex will survive! Adam and the team are committed to the future of the company no matter what happens. In every sense of the word, we’re better than we have ever been. The current price doesn’t reflect the current state of the company, and our cash flow situation is secure. 

Q: When will we see a demo or screenshots? 

As soon as we have screenshots or a demo from SmartDec, we will share them with you. SmartDec are conservative in their approach, to make sure they can deliver what they promise. So they won’t release anything too early, in order not to build excitement before they’ve ensured the reality matches up. 

Q: Is there a chance that existing exchanges with their own coin will steal the Digitex idea? 

If nobody wants to copy our idea, that’s not necessarily a good thing! Look at the markets – even Binance is entering the futures game, which is great and lends validity to what we’re doing. 
However, remember that for the existing exchanges, their fee model is working for them as it is. There isn’t necessarily any reason for them to change it at this point. Digitex is different in many ways from these companies. We don’t exist to make our stakeholders profit. But if the competition is there, we’re happy to take it on. 

Q: Have you considered offering trading competitions on testnet? 

Yes, once the testnet is open then we’re happy to offer some user-generated content. Anything that can generate interest and engagement is a great idea. It’s not yet confirmed, but we like the idea. 

Q: Is KYC needed for test net? 

There isn’t any reason why we’d need to perform KYC on testnet because we’re not trading real money. There will be KYC on the live launch. 
It’s possible we may keep the testnet open beyond the live launch date. It could be a great training ground for new traders. It’s just an idea at this point, but it’s possible. 

Q: When will the promotion begin? Will you be opening up the waitlist competition again? 

We have so many big plans! We can’t say too much at this point, but we have a viral marketing campaign in store, and starting soon. 

Q: Will there be 100x leverage on testnet? 

Yes, the testnet will have all the features of the mainnet contract, but without real money.

Q: Are SmartDec devs ever going to appear on videos? It would help morale. 

We would love them to, but not everyone enjoys being on camera! Perhaps in the future we may feature some of the developers on our videos.

Q: Will the exchange be in multiple languages? 

Yes, absolutely. We’ve translated our website into Chinese, Japanese, Korean and Russian. Our waitlist and affiliate program is also already translated. We’re looking at more languages, including Turkish, Vietnamese, and Brazilian Portuguese. Our marketing campaigns will also be in multiple languages. 

Q: When will we see a roadmap with future events? 

At the moment the roadmap is just to get us to the beta launch. After that, we’ll put a roadmap together, with timelines for further features, such as a mobile app. 
Bear in mind that this is going to be a long development process. If we do all the things we want to do to make our exchange what we want it to be, we have to take it a step at a time. 

Wrapping It Up

We hope we’ve been able to answer all your questions! Overall, everything at Digitex is going very well. We’re really happy with the development progress and our marketing plans. We will be doing another AMA at some point soon, with more updates on development progress. Thanks everyone for joining this session and if you have any questions, don’t forget to join in the conversation on Telegram.

Latest News

Digitex Futures Is Back on Track and Making Headlines  3

Digitex Futures Is Back on Track and Making Headlines 

Digitex Futures
• Christina Comben
August 27, 2019

At Digitex Futures, we listen to our community. We know that we’ve set your expectations high and you expect nothing but the best. We over-promised and failed to deliver in the past and that’s why we’re doing things differently this time around. Instead of a full bells-and-whistles launch, we’re going to take the time we need to deliver the beast of a zero-fee futures exchange you deserve. And it seems that our more pragmatic and product-lead approach is paying off judging by the response in the press. Check out the headlines we’ve been making since the news came out.

Digitex Futures Launch Date News in the Press

OK, so we’ll admit it, we thought our community would be more excited about the launch news, but on reflection, we know that trust has to be earned. So, while it’s true that this is a public testnet and not a full-on mainnet launch just yet, we’re still extremely happy to be reaching this point with SmartDec so quickly. 
No great platform or game-changing software has ever been launched without a substantial period of testing prior and just as Adam said in his video on Friday, “the huge thing is for the public to be getting on there, for people to see that it’s real… with the delays that we’ve had in the past, a lot of people doubt that.”
So, while we’ll be opening with one market and in test mode while we continue to fortify the engines, you can be 100 percent sure that when we reach mainnet and add the additional markets and features, this will be a killer of an exchange. 

CityAM

While the crypto press was the first to pick up on the news, Digitex has been reaching wider audiences, too. London-based general news publication CityAM featured a “Spotlight” article covering our launch. The piece tells the story of Adam’s career starting as a London pit trader. It goes on to explain how his experiences in the betting markets led him to develop a ladder trading interface called BetTrader, and ultimately funnel everything he’d learned into the development of Digitex. 
CityAM is London’s most-read financial and business newspaper, and its website has two million unique visitors per month. Our feature is on page 18 of today’s edition

ValueWalk

Investment website ValueWalk published a full feature interview with Adam, with Digitex’s 100x leverage offering as the headline. In it, he describes how his idea for Digitex came to life once he discovered Ethereum and had the idea for the DGTX tokenomic model. Even though Adam had faith in his idea from the beginning, he talks about his disbelief when the Digitex Futures ICO sailed through its hard cap in just 17 minutes. 
Adam also discusses how he expects to see more exchange adopting a provably fair matching engine like the one Digitex will offer, as blockchain could potentially perform a regulatory role in ensuring that the exchange operates in a fair and transparent way. 

CryptoBriefing

Crypto Briefing was among the first to pick up the launch news with their article Digitex Announces Testnet Launch Date For Bitcoin Futures Exchange. This writeup mentions that the testnet will be “the first step to creating” the world’s first zero-commission cryptocurrency futures trading platform. It also talks a little about DGTX tokenomics and how we can offer zero-fee trading, concluding with the fact that development is now firmly on track with SmartDec leading the charge.

CryptoSlate

CryptoSlate also ran with the news shortly afterward, posting an article entitled Futures trading platform Digitex prepares for public testnet, announces release date. The text is very matter-of-fact and simply states that we will be launching the public testnet with one market, starting with BTC/USD perpetual swap contracts. The writer also mentions the impact that zero fees and non-custodial accounts will have on the cryptocurrency futures market, which is expanding all the time as Bakkt is slated for launch next month with its physically settled Bitcoin futures contracts.

CryptoDaily

Also noticing the launch announcement was UK-based CryptoDaily in their article Digitex Announces Testnet Launch Date. The writer talks about commission-free trading and how Digitex will remove the fees from all transactions. He also mentions that this is different from all other exchanges on the market:

“Digitex is different in that it will require users to trade exclusively with Digitex Futures (DGTX) tokens”

He also goes into some depth about the Digitex one-click trading ladder interface that will also shake up the way that people trade for good–as well as the fact that we are working with the prime researchers for Ethereum’s scalability solutions to bring traders non-custodial accounts as soon as the technology is ready.

Bitcoin.com

We also picked up a mention in Bitcoin.com’s piece about “The Changing Face of Cryptocurrency Trading in 2019.” The article discusses how the cryptocurrency markets are maturing, and starting to resemble the traditional financial markets in the breadth of different products. 
It goes on to talk about some of the major players in the crypto derivatives space, such as Bybit, Huobi, and of course, Digitex. Describing Digitex as “highly anticipated” the piece mentions our zero-fee model and innovative funding mechanism using the DGTX token

Coverage in International Press 

We’re also really excited that our efforts to reach out to foreign markets are starting to pay off. Not only did Digitex make the English-speaking press, but we also got dedicated write-ups in major international publications as well. 
Some of the key ones were China’s Jinse and Bihu, the number-one Japanese crypto publication Naver, South Korea’s ETNews, CEO Magazine, and Morning News, and Mexico-based AMBCrypto Spanish.

Wrapping It Up

We’re extremely grateful to all the press who covered the launch date news and we’ll be sharing all articles with you as they come in. 
What’s the key takeaway from all of this? As Adam stated simply in the video:

“The Digitex Futures exchange is launching!” We finally have a date to work toward and all the components of our team are coming together. We’re getting closer to making commission-free trading a reality and, no matter the current reaction, that’s epic in itself.

Got questions? Adam will be hosting a live AMA at 11 am EST (4 pm CET) on Wednesday to answer any doubts or concerns. Be sure to tune in and let him hear your thoughts about the latest news and respond to your comments. Thank you for all your continued support!

August 27, 2019
Digitex Futures

Digitex Futures Is Back on Track and Making Headlines 

Christina Comben
Digitex Futures Is Back on Track and Making Headlines  4

At Digitex Futures, we listen to our community. We know that we’ve set your expectations high and you expect nothing but the best. We over-promised and failed to deliver in the past and that’s why we’re doing things differently this time around. Instead of a full bells-and-whistles launch, we’re going to take the time we need to deliver the beast of a zero-fee futures exchange you deserve. And it seems that our more pragmatic and product-lead approach is paying off judging by the response in the press. Check out the headlines we’ve been making since the news came out.

Digitex Futures Launch Date News in the Press

OK, so we’ll admit it, we thought our community would be more excited about the launch news, but on reflection, we know that trust has to be earned. So, while it’s true that this is a public testnet and not a full-on mainnet launch just yet, we’re still extremely happy to be reaching this point with SmartDec so quickly. 
No great platform or game-changing software has ever been launched without a substantial period of testing prior and just as Adam said in his video on Friday, “the huge thing is for the public to be getting on there, for people to see that it’s real… with the delays that we’ve had in the past, a lot of people doubt that.”
So, while we’ll be opening with one market and in test mode while we continue to fortify the engines, you can be 100 percent sure that when we reach mainnet and add the additional markets and features, this will be a killer of an exchange. 

CityAM

While the crypto press was the first to pick up on the news, Digitex has been reaching wider audiences, too. London-based general news publication CityAM featured a “Spotlight” article covering our launch. The piece tells the story of Adam’s career starting as a London pit trader. It goes on to explain how his experiences in the betting markets led him to develop a ladder trading interface called BetTrader, and ultimately funnel everything he’d learned into the development of Digitex. 
CityAM is London’s most-read financial and business newspaper, and its website has two million unique visitors per month. Our feature is on page 18 of today’s edition

ValueWalk

Investment website ValueWalk published a full feature interview with Adam, with Digitex’s 100x leverage offering as the headline. In it, he describes how his idea for Digitex came to life once he discovered Ethereum and had the idea for the DGTX tokenomic model. Even though Adam had faith in his idea from the beginning, he talks about his disbelief when the Digitex Futures ICO sailed through its hard cap in just 17 minutes. 
Adam also discusses how he expects to see more exchange adopting a provably fair matching engine like the one Digitex will offer, as blockchain could potentially perform a regulatory role in ensuring that the exchange operates in a fair and transparent way. 

CryptoBriefing

Crypto Briefing was among the first to pick up the launch news with their article Digitex Announces Testnet Launch Date For Bitcoin Futures Exchange. This writeup mentions that the testnet will be “the first step to creating” the world’s first zero-commission cryptocurrency futures trading platform. It also talks a little about DGTX tokenomics and how we can offer zero-fee trading, concluding with the fact that development is now firmly on track with SmartDec leading the charge.

CryptoSlate

CryptoSlate also ran with the news shortly afterward, posting an article entitled Futures trading platform Digitex prepares for public testnet, announces release date. The text is very matter-of-fact and simply states that we will be launching the public testnet with one market, starting with BTC/USD perpetual swap contracts. The writer also mentions the impact that zero fees and non-custodial accounts will have on the cryptocurrency futures market, which is expanding all the time as Bakkt is slated for launch next month with its physically settled Bitcoin futures contracts.

CryptoDaily

Also noticing the launch announcement was UK-based CryptoDaily in their article Digitex Announces Testnet Launch Date. The writer talks about commission-free trading and how Digitex will remove the fees from all transactions. He also mentions that this is different from all other exchanges on the market:

“Digitex is different in that it will require users to trade exclusively with Digitex Futures (DGTX) tokens”

He also goes into some depth about the Digitex one-click trading ladder interface that will also shake up the way that people trade for good–as well as the fact that we are working with the prime researchers for Ethereum’s scalability solutions to bring traders non-custodial accounts as soon as the technology is ready.

Bitcoin.com

We also picked up a mention in Bitcoin.com’s piece about “The Changing Face of Cryptocurrency Trading in 2019.” The article discusses how the cryptocurrency markets are maturing, and starting to resemble the traditional financial markets in the breadth of different products. 
It goes on to talk about some of the major players in the crypto derivatives space, such as Bybit, Huobi, and of course, Digitex. Describing Digitex as “highly anticipated” the piece mentions our zero-fee model and innovative funding mechanism using the DGTX token

Coverage in International Press 

We’re also really excited that our efforts to reach out to foreign markets are starting to pay off. Not only did Digitex make the English-speaking press, but we also got dedicated write-ups in major international publications as well. 
Some of the key ones were China’s Jinse and Bihu, the number-one Japanese crypto publication Naver, South Korea’s ETNews, CEO Magazine, and Morning News, and Mexico-based AMBCrypto Spanish.

Wrapping It Up

We’re extremely grateful to all the press who covered the launch date news and we’ll be sharing all articles with you as they come in. 
What’s the key takeaway from all of this? As Adam stated simply in the video:

“The Digitex Futures exchange is launching!” We finally have a date to work toward and all the components of our team are coming together. We’re getting closer to making commission-free trading a reality and, no matter the current reaction, that’s epic in itself.

Got questions? Adam will be hosting a live AMA at 11 am EST (4 pm CET) on Wednesday to answer any doubts or concerns. Be sure to tune in and let him hear your thoughts about the latest news and respond to your comments. Thank you for all your continued support!

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