22/11/2020, Providence, Seychelles – Digitex Ltd, a commission-free crypto futures exchange, has announced a large spike in liquidity on its Uniswap market just days after launching its DGTX Rewards Program that pays out one of the highest APYs in the industry, currently at around 90%. The high amount of locked ETH and DGTX in its Uniswap market translates into more than $1.58 million held in the DGTX Rewards wallet; a sign that confidence is high in the project ahead of its rebrand to Digitex City next month.
Decentralized Finance (DeFi) and protocols like Uniswap have taken protagonism in the crypto space throughout 2020 for their high rates of return particularly compared to traditional finance where interest rates are hovering around zero. These attractive returns have caused a great deal of attention among investors, but have also led to widespread loss of funds caused by technical errors or rogue projects.
As a three-year-old company with a popular commission-free futures exchange operating now for almost 12 months, Digitex is offering investors a safer way to get involved in DeFi-style initiatives without the worry of investing in bootstrap code or fly-by-night exit scams. From within the DGTX Rewards dashboard, the user can manage the whole process efficiently and easily, following the simple steps to connect Metamask, create pool tokens on Uniswap, and deposit them into the DGTX Rewards wallet to start accumulating rewards.
In order to mark the initiative and incentivize on-chain liquidity, Digitex is giving away a massive 5 million DGTX in rewards shared out proportionally among participants, who receive more according to the amount they stake and the longer they stake it. Digitex founder Adam Todd commented:
“We’re really pleased to see so much interest in this program and to offer our community members another way of making money besides trading. We realized quite quickly after launching the exchange that not all our community members are traders, so this is a great way to give back to them. It’s also just the start of a host of many such initiatives designed to make users’ crypto work for them that will be coming when we launch Digitex City next month.”
Designed as a place where crypto enthusiasts can trade, play, and connect, the Digitex City promotional website is currently live and housing the DGTX Rewards Program. However, upon its full launch on December 15, it will kick off with a zero-fee futures exchange, spot market, no-spread forex market, and various DeFi-inspired money-making opportunities from DGTX Staking and DUSD creation to liquidity mining. There is also an interconnecting social network unlike anything that exists in the crypto space currently, and several games coming to the Play area, which will grow to accommodate a no-rake poker room and no house edge casino in 2021.
For more information about the DGTX Rewards Program or to sign up for the waitlist for Digitex City with the chance to win various different prizes, please visit digitexcity.com.
Digitex Ltd is a zero-fee cryptocurrency exchange with its native DGTX token. The exchange’s flagship product is futures, however, it will be launching spot market trading and no-spread forex all fuelled by its crypto-backed stablecoin DUSD coming in December 2020. Registered in the Republic of Seychelles, the company was founded by a former futures trader and betting-exchange trader and has developed a revolutionary token issuance revenue model for sustainably operating an exchange without charging commissions.