digitex

Your Questions Answered – Digitex Spot Markets

Digitex
• Digitex
April 19, 2021

Thank you very much to everyone who has sent in feedback and shared their experience of using Digitex spot markets so far. As always, we have been listening to what you have to say and collecting all your questions. Here, we answer any doubts you have about the UI, the features that are coming, our future plans, and more. Check it out.

Why is there no ladder interface for spot?

One question we received several times is why there’s no ladder interface yet for the spot markets. The answer is that it’s definitely coming. But we thought that starting with the traditional version would make it easier for new users to understand. After all, Digitex is still the only exchange in the industry to offer a trading ladder UI for our futures markets and, while we know that high-frequency futures traders love it, we didn’t want to scare off any beginners that are relatively new to crypto.

Will there be a use case for DGTX built into the spot markets?

We’re introducing a few types of programs and some are more complex than others. In fact, in one of our upcoming releases, we will be bring you a Staking Program that lets you earn a passive income on your DGTX (rewarded with other crypto; not DGTX). But DGTX staking built into our spot and futures trading markets is road-mapped for later this year. As you’ve probably noticed from our last two releases, the speed and quality of our development has improved. We’re now focused on short sprints so that each quarter you’ll be seeing something new released… this is the new way of Digitex development moving forward.

How long will withdrawals stay free?

Free withdrawals is a promotion, and we’ll see how it goes and how sustainable it is. If we see people abuse this then we’ll stop running it. Luckily, we haven’t had any problems with it so far and we know our loyal users really appreciate this feature, so we’d like to keep it as long as possible. In order for Digitex to really grow as a brand, we need to be distinctive and do things differently from other exchanges. No other exchange would ever consider removing withdrawal fees but, if you think about it, this feature brings so much value to the end of the user… so why not?

When will you add more tokens to spot markets?

Soon! But, we only just launched it and we want to test it more and build up the liquidity. Rest assured, however, when we’re ready, we’ll share details.

Is it possible to bring out a roadmap for future updates?

Honestly, we’ve learned our lesson from the past that roadmaps are particularly hard to stick to, especially when working with explorative technology in a constantly changing space. So, we’d rather not put any dates out for now, but just a rough estimate so as not to raise users’ expectations or overtask our developers. 

However, we can confirm that we’re releasing a DGTX Staking Platform in quarter two and, later in the year, we’ll have DGTX staking built into our markets, and a mobile app as well.

Will marketing start now that the spot market has been launched?

Yes. Actually, we have already started marketing and we are gradually going to start cranking it up. 

Is a stablecoin still being worked on?

We do have a solution to solve our DGTX-denominated market volatility, but it’s not a Digitex stablecoin. We can’t say more than this for now.

Why did you remove the Treasury?

Because we now have the spot markets and when we switched to the new website, we just updated the public Buy DGTX page to send traders directly to the spot market instead of buying from the treasury. It made more sense to do it that way.

How’s the work on the bots looking? Are you using a white label or building them custom?

User configurable bots are still on our roadmap and, in fact, they’re almost ready to be released. These will be an awesome addition to the exchange as they’re very easy to use, and traders will be able to access them from within their dashboard with zero fees. Regarding integrating with popular bots, that’s also roadmapped, but will require customization and integration with each particular bot. So, this is planned for later on in the year. 

That’s it for now, once again, we really appreciate your continued feedback and support and we’re glad to hear how much you’re enjoying the spot markets. Be sure to let us know if you have further questions by hitting us up on our socials, contacting live support, or opening a ticket. 

 

April 19, 2021
Digitex

Your Questions Answered – Digitex Spot Markets

Digitex
digitex

Thank you very much to everyone who has sent in feedback and shared their experience of using Digitex spot markets so far. As always, we have been listening to what you have to say and collecting all your questions. Here, we answer any doubts you have about the UI, the features that are coming, our future plans, and more. Check it out.

Why is there no ladder interface for spot?

One question we received several times is why there’s no ladder interface yet for the spot markets. The answer is that it’s definitely coming. But we thought that starting with the traditional version would make it easier for new users to understand. After all, Digitex is still the only exchange in the industry to offer a trading ladder UI for our futures markets and, while we know that high-frequency futures traders love it, we didn’t want to scare off any beginners that are relatively new to crypto.

Will there be a use case for DGTX built into the spot markets?

We’re introducing a few types of programs and some are more complex than others. In fact, in one of our upcoming releases, we will be bring you a Staking Program that lets you earn a passive income on your DGTX (rewarded with other crypto; not DGTX). But DGTX staking built into our spot and futures trading markets is road-mapped for later this year. As you’ve probably noticed from our last two releases, the speed and quality of our development has improved. We’re now focused on short sprints so that each quarter you’ll be seeing something new released… this is the new way of Digitex development moving forward.

How long will withdrawals stay free?

Free withdrawals is a promotion, and we’ll see how it goes and how sustainable it is. If we see people abuse this then we’ll stop running it. Luckily, we haven’t had any problems with it so far and we know our loyal users really appreciate this feature, so we’d like to keep it as long as possible. In order for Digitex to really grow as a brand, we need to be distinctive and do things differently from other exchanges. No other exchange would ever consider removing withdrawal fees but, if you think about it, this feature brings so much value to the end of the user… so why not?

When will you add more tokens to spot markets?

Soon! But, we only just launched it and we want to test it more and build up the liquidity. Rest assured, however, when we’re ready, we’ll share details.

Is it possible to bring out a roadmap for future updates?

Honestly, we’ve learned our lesson from the past that roadmaps are particularly hard to stick to, especially when working with explorative technology in a constantly changing space. So, we’d rather not put any dates out for now, but just a rough estimate so as not to raise users’ expectations or overtask our developers. 

However, we can confirm that we’re releasing a DGTX Staking Platform in quarter two and, later in the year, we’ll have DGTX staking built into our markets, and a mobile app as well.

Will marketing start now that the spot market has been launched?

Yes. Actually, we have already started marketing and we are gradually going to start cranking it up. 

Is a stablecoin still being worked on?

We do have a solution to solve our DGTX-denominated market volatility, but it’s not a Digitex stablecoin. We can’t say more than this for now.

Why did you remove the Treasury?

Because we now have the spot markets and when we switched to the new website, we just updated the public Buy DGTX page to send traders directly to the spot market instead of buying from the treasury. It made more sense to do it that way.

How’s the work on the bots looking? Are you using a white label or building them custom?

User configurable bots are still on our roadmap and, in fact, they’re almost ready to be released. These will be an awesome addition to the exchange as they’re very easy to use, and traders will be able to access them from within their dashboard with zero fees. Regarding integrating with popular bots, that’s also roadmapped, but will require customization and integration with each particular bot. So, this is planned for later on in the year. 

That’s it for now, once again, we really appreciate your continued feedback and support and we’re glad to hear how much you’re enjoying the spot markets. Be sure to let us know if you have further questions by hitting us up on our socials, contacting live support, or opening a ticket. 

 

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