It’s unfortunate we’re having to end DGTX prizes for the battle, but we’re thankful that the majority of the community is supportive of our decision. We only want to reward DGTX to traders who truly deserve it. So, on that note, let’s end the prizes by spotlighting a very deserving winner. After all, not everyone was trying to cheat the system. Check out the story of Sniper Trades below and his tips to succeed at scalping on the DFE.
Congratulations to Our Final First-Place Winner, Sniper Trades
Congratulations to Sniper Trades for genuinely succeeding at claiming the first-place spot and a solid-silver and diamond DGTX coin. For those of you who are disappointed about not being able to fight for your own limited-edition coin, fear not! We will have many more ways to claim this and other stellar prizes later on. Many thanks for believing in Digitex and for your continued support – just imagine how profitable you can be upon mainnet launch!
Q. How did you first hear about Digitex and what was your initial reaction?
A. I first heard about Digitex in the beginning of January 2018. A person I knew messaged me and told me to look into a cryptocurrency called Digitex. His exact words were “it’s going to be the next 100x coin!”.
I started asking him a few questions about what he knew of Digitex and it quickly became apparent that he didn’t know much at all. Funnily enough, it turned out that he was only interested in the ICO referral bonus that he would get from referring me, and to this day he has not bought a single DGTX token!
Anyway, I was really intrigued about Digitex so that same evening I started searching for any information I could find. I read the whitepaper and straight away I loved the whole concept of the project; the compulsory use of the token, the commission-free ladder trading, the fairly low/reasonable circulating supply.
I was excited because I believed that I had come across a diamond in the rough, a true utility token that could potentially have insane demand for it. And to top it off, the ICO was being priced at the insanely low price of just $0.01 so I knew straight away that this could potentially produce crazy gains over time.
From that day onwards leading up to the ICO, I was hooked and every day trying to find and absorb more and more information that I could find. I got my ETH ready for the day of the ICO and I was really lucky to have been able to buy during those crazy 20 minutes… The rest is history!
Q. What attracts you most to the project and excites you about the mainnet launch?
A. Digitex will soon become a true utility token and I am very excited to see how the price grows over time as user adoption and volume increases on the exchange and the demand for the token increases. I am also extremely excited to finally be able to trade with real funds once mainnet launches. One-click trading on the ladder commission-free with market makers that work in your favor is going to be a game-changer!
Q. Looking at the beta, what are your thoughts on the User Interface, functionality, and its general performance? Is there anything you would like to see added/improved?
A. I am really impressed with the Beta so far. I think it’s incredible what SmartDec has built so far in such a short space of time since they started building it in May/June 2019. The user interface is really nice and simple to use, the most simple and user-friendly UI that I have come across so far compared to all other exchanges.
The ladder is a scalpers’ dream and makes trading much easier. I am surprised that most of the other futures exchanges don’t have the ladder trading interface. I think overall, the beta is pretty solid and so far is handling the high volumes and users pretty well.
Q. Thinking about the Trading Battle, what do you like most about it?
A. The most important thing for me that I am happy about is that, because of the trading battle, it is encouraging a lot of activity on the ladder and a lot of volume is flowing through the exchange. This is really helping to stress test the ladder, matching engine and the whole exchange and help to make it solid and robust in time for the mainnet launch, which is great.
Q. Can you briefly describe the trading strategy that you used to win the battle or give any tips to participants hungry to win?
A. I constantly focus on the spot price and the bids and offers that are stacked up, keeping an eye on how quickly and slowly the bids and offers stack up and get eaten up. I scalp for 1 to 2 ticks profit each time and focus on compounding as fast as possible. But most importantly, if a trade goes against me then I make sure I cut my loss quickly. Discipline is very important.
Q. Please share one detail about yourself that the community may find interesting.
A. Over the coming years, one of my aims is to help provide millions of people around the world with access to clean water by building lots of water wells where they are most needed around the world. For me, there is no better satisfaction than the feeling you get when you help those that are in need. I am very confident that over time, my gains from trading and my crypto investments will help me achieve this goal!
Wrapping It Up
Many thanks to Sniper Trades and what a noble ambition! We hope that we can be a part of helping him realize his goals once the DFE goes live at the end of April. In the meantime, his silver coin is in the post and his winnings have been paid! Thanks again to everyone who has taken part and we encourage you to still do so. You may not be fighting for DGTX after Friday, but you’ll improve your skills and be well-placed to be a winning trader upon mainnet launch.