In December 2020, we revealed the DGTX mint schedule, which provides exact details of the timeline and amount of DGTX tokens that will be minted. Today, we wanted to provide you with a quick update, reminding you that the next minting period is coming up on March 1, 2021. We will be sticking to the schedule as stated, and on March 1, 290,000,000 million DGTX will be minted taking the total supply to 1,590,000,000 DGTX.
Minting new DGTX tokens has always been our revenue model at Digitex Futures and these new tokens will be used to cover the costs of running our commission-free futures exchange. Aside from development, marketing and support, these costs will also include market making, building up the insurance fund and rewarding traders on our own exchange and on Uniswap for providing liquidity, all of which directly benefits DGTX holders by stimulating demand for the token.
We are not allocating a set amount of tokens to any specific program ahead of time. Instead, we will have a quarterly budget of tokens and we will decide how best to utilize those funds according to the needs of the exchange at the time.
If you have any questions about the DGTX Mint Schedule or anything else, please contact us via our 24/7 Live Chat function or by creating a support ticket. You can also follow our company socials for project updates and developments.