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DGTX

Digitex TokenDGTX

Rank #775
Token
On 5,664 watchlists

Digitex Token Price (DGTX)

$0.006075
9.84%

0.0000001638 BTC

0.000004369 ETH

Low:$0.005027
High:$0.006956
24h
DGTX  Digitex Token DGTXPrice: $0.006075 9.84%
Market Cap
$5,656,082
9.84%
Fully Diluted Market Cap
- -
Volume
24h
$4,892,041
9.79%
Circulating Supply
931,035,715 DGTX
Total Supply
1,300,000,000

Digitex Token Chart

 

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About Digitex Token

Digitex Token price today is $0.006075 USD with a 24-hour trading volume of $4,892,041 USD. Digitex Token is down 9.84% in the last 24 hours. The current CoinMarketCap ranking is #775, with a market cap of $5,656,082 USD. It has a circulating supply of 931,035,715 DGTX coins and the max. supply is not available.

The top exchanges for trading in Digitex Token are currently HitBTC, KuCoin, CoinEx, ProBit Exchange, and Mercatox. You can find others listed on our crypto exchanges page.

What Is Digitex Futures (DGTX)?

Digitex Futures is a commission-free, zero-fee cryptocurrency futures exchange. The platform allows users to trade futures contracts for both Bitcoin (BTC) and Ether (ETH), and according to its white paper, it intends to expand to also include Litecoin (LTC). Because it doesn't charge users fees, Digitex Futures seeks to provide an environment for fast-paced day trading and scalping.

The project was first announced in December 2017, and it launched on the Ethereum mainnet for select users in April 2020. It officially opened to the general public in July 2020.

Digitex Futures is powered by an Ethereum-issued utility token, DGTX, which is used as the platform's native denomination for all balances, profits and losses.

Who Are the Founders of Digitex Futures?

Digitex Futures was founded in 2017 by Adam Todd, a former trader and professional bettor. He has said that his experience scalping in trading pits led him to want to create a digital version of that fast-paced experience.

Todd started his career as a pit trader at the London International Financial Futures and Options Exchange. He later made his living trading futures contracts and German government bonds, as well as betting on horse races on the peer-to-peer betting exchange Betfair. In 2004, founded the company RacingTraders, which developed a software interface called BetTrader for betting and trading on Betfair.

What Makes Digitex Futures Unique?

Digitex Futures differentiates itself from other exchanges by not charging fees, not taking a commission on trades and not performing Know Your Customer verification procedures. It has claimed that this "new model" will attract both novice and experienced traders alike.

According to Digitex, the exchange does not need to charge fees because it uses a utility token, DGTX, to denominate all trading activity and to self-fund the platform. It expects that as more traders use Digitex Futures, the value of DGTX will increase, thus sustaining the project's revenue stream as it continues to sell DGTX.

The exchange uses automated market makers designed to purposefully lose money in order to provide liquidity and increase the earnings of traders. The market makers are funded by profits gained during forced position liquidations of traders whose accounts fall below the required maintenance margin.

The business plan of Digitex Futures is to rebrand itself as Digitex City in December 2020 and expand to include features such as spot trading and staking, as well as a social network and gaming section. According to the Digitex City white paper, the expanded platform will operate using a new dollar-pegged stablecoin, DUSD, which can only be created by locking up DGTX tokens.

Learn about Voyager Token, the native token of commission-free crypto broker Voyager.

Learn about FLEX, the token that powers CoinFLEX, a physically delivered futures exchange.

Want to know more about how Bitcoin futures work? Read an in-depth guide on Alexandria, CoinMarketCap's online educational resource.

Stay up to date on the latest innovations in crypto derivatives trading with the CoinMarketCap blog.

How Many Digitex Futures (DGTX) Coins Are There in Circulation?

Digitex Futures has no maximum token supply, but its initial total supply was 1 billion DGTX. Of these tokens, 65% was allocated to the public for sale, 5% to fund a referral program, 10% to an insurance and market makers fund, 10% to the Digitex Treasury for continued sale and 10% to the Digitex team.

DGTX tokens have been made available for sale in a three-phase process.

First, Digitex sold 650 million DGTX during an initial coin offering in January 2018, raising $5.2 million. Second, the company set up a distribution platform called the Digitex Treasury, a smart contract in which 100 million DGTX has been locked to be released and sold quarterly in batches of 10 million tokens each, with sales running from March 2019 through June 2021. These tokens are sold at a slight premium compared with exchange spot prices, and the income generated is used to fund the ongoing development and marketing of Digitex. Third, starting in 2022, DGTX token holders can vote to mint and sell more tokens to raise further funds and increase supply, if desired.

How Is the Digitex Futures Network Secured?

Digitex Futures is privately owned, so it is itself responsible for ensuring the security of its networks. In March 2019, the company announced it was partnering with SmartDec, a smart-contract auditing and security company, to help build its platform. However, in March 2020, Digitex reported that it had suffered an internal data breach in which emails and Know Your Customer information was stolen. In response, in addition to tightening its security, the company ceased all KYC verification.

User balances, however, are held in smart contracts rather than by the exchange itself. And because everything is denominated in DGTX, an ERC-20 token (as of October 2020), all on-chain transactions are secured by the Ethereum network using its Ethash proof-of-work consensus algorithm. This means that miners compete among each other to add new blocks to the blockchain, and a majority of all nodes in the network must confirm a record for it to be posted.

In May 2020, Digitex Futures announced it had undergone audits by security company Penetration Lab and blockchain researcher Igor Gulamov, both of which discovered no critical vulnerabilities. It also revealed that it had hired its own internal security engineer to test its networks and products for vulnerabilities.

Where Can You Buy Digitex Futures (DGTX)?

DGTX can be purchased on spot markets on cryptocurrency exchanges such as KuCoin, Uniswap (V2), ProBit Exchange and CoinEx, among others. It can be traded against fiat currencies such as the U.S. dollar and Indian rupee, cryptocurrencies such as Bitcoin and Ether, and the stablecoin Tether (USDT).

DGTX can also be purchased directly from Digitex Futures via the Digitex Treasury.

Are you interested in buying DGTX or other cryptocurrencies such as Bitcoin? CoinMarketCap has a simple, step-by-step guide to teach you all about crypto and how to buy your first coins.

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DGTX

Digitex Token

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USD

United States Dollar

DGTX Price Statistics

Digitex Token Price Today
Digitex Token Price$0.006075
Price Change24h$-0.0005978

9.84%

24h Low / 24h High
$0.005027 /
$0.006956
Trading Volume24h$4,892,041.14

9.79%

Market DominanceNo Data
Market Rank#775
Digitex Token Market Cap
Market Cap$5,656,082.49

9.84%

Fully Diluted Market CapNo Data
Digitex Token Price Yesterday
Yesterday's Low / High
$0.005027 /
$0.007517
Yesterday's Open / Close
$0.006917 /
$0.006005
Yesterday's Change

13.19%

Yesterday's Volume$4,181,597.05
Digitex Token Price History
7d Low / 7d High
$0.005027 /
$0.009652
30d Low / 30d High
$0.005027 /
$0.01514
90d Low / 90d High
$0.005027 /
$0.04351
52 Week Low / 52 Week High
$0.005027 /
$0.1204
All Time High
Oct 14, 2018 (2 years ago)
$0.1606

96.22%

All Time Low
Aug 14, 2018 (2 years ago)
$0.004417

37.55%

Digitex Token ROI

39.38%

Digitex Token Supply
Circulating Supply931,035,715 DGTX
Total Supply1,300,000,000 DGTX
Max SupplyNo Data

Digitex Token Markets

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Volume %

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