Digitex price 

DGTX

The DGTX token is an ERC-20 token on the Ethereum blockchain. But the new Digitex casino is built on our own Layer 3 Digitex blockchain to enable the fast confirmation times and zero gas fees that are necessary to revolutionize decentralized gambling.

Therefore, we are developing a cross-chain bridge so you can bridge your Ethereum DGTX tokens over to the Digitex blockchain. If you’re a DGTX HODLer with no interest in using your DGTX tokens to bet with then you don’t need to do anything, you can just keep them on Ethereum. But if you want to experience decentralized betting with zero fees on winnings, zero gas fees and zero house edge, bridge your DGTX over to the Digitex blockchain as soon as we launch mainnet.

The Digitex ICO took place on January 15th, 2018, when 650 million DGTX tokens were sold at $0.01. The DGTX token was the native token of the Digitex Futures Exchange, a zero-fee crypto futures exchange that would generate revenues from minting and selling DGTX instead of charging transaction fees on trades.

In October 2018, DGTX was the 61st largest cryptocurrency with a market cap of $160 million. However, after years of trying to make the project a success, the flawed tokenomics model of minting being our only source of revenue sent DGTX into an unrecoverable death spiral and the exchange went offline in May 2022.

This would normally be the end of the story for a failed cryptocurrency project. But Digitex’s founder, Adam Todd, is not one to give up easily. Instead of starting his next idea for a decentralized casino and blockchain as a new project with a new token, he decided to use it as an opportunity to revive Digitex and to give DGTX token holders another chance of success.

Digitex is revolutionizing the decentralized gambling experience with zero gas fees to place your bets and instant transaction finality.

Digitex will be the only decentralized casino in the world with a user experience that matches the fast-paced games and one-click, free bet submission of the centralized casinos. But unlike centralized casinos, our players retain full custody of their funds in their own wallet at all times.

This is all made possible by running the Digitex casino on our own dedicated Layer 3 blockchain. Built on Arbitrum Orbit, the same battle-tested technology that powers the Arbitrum network, the Digitex blockchain is blazing fast with ultra-low gas fees, allowing us to subsidize players’ gas costs from house profits.

When betting with DGTX tokens you pay zero fees on your winnings. Digitex is therefore the only online casino where you can play with zero edge working against you, made possible by owning the DGTX token.

When betting with ETH, USDC, USDT or ARB tokens you pay 3% fees on every winning payout. You can reduce your fees on winnings by 30% to 100% by holding one or more Digitex High Rollers NFTs in your betting wallet.

You can be the player or you can be the house. As the house you deposit liquidity into the house bankroll smart contract to act as the counterparty to our player’s bets, thereby earning a passive BetFi income from the 3% fee on winnings.

As a decentralized protocol, Digitex shares all fees on winnings with the participants who help to build, operate, promote and secure it. Fees on winnings are therefore distributed between house bankroll liquidity providers, the refer-a-friend program, game developers and chain validators.

One third of all fees on winnings are used to buy back DGTX tokens from the open market and burn them, making DGTX a deflationary token with a tangible utility.

Currently in active development, we expect to launch the first testnet versions of the Digitex casino and the Digitex blockchain in Q4 2023.