Categories: Ethereum

Digitex Opens Signup Competition for Upcoming Testnet

Click here to view original web page at www.coinspeaker.com

Digitex Futures exchange has published a blog post announcing it is opening a new competition to encourage waitlist signups for its upcoming testnet launch. The new contest is open from September 9 and will distribute 5 million DGTX tokens via airdrop to the winners. It aims to emulate the success of previous campaigns, which have attracted over 1.5 million signups so far.

5 Million DGTX Giveaway

Whereas previous competitions focused predominantly on English-speaking markets, the new giveaway will have a more global reach. Traders from Japan, China, Russia, Korea, and English-speaking regions will have the chance to compete for 5 million DGTX.

Prizes are based on referral signups to the Digitex waitlist. The top ten referrers from each region will be eligible for the top prizes worth 50,000 DGTX, while the next 500 referrers will receive 1,000 DGTX each.

According to the Digitex team, winners of this competition will receive their prizes via airdrops to their respective exchange accounts once the platform goes live on the Ethereum mainnet.

CEO and Founder of Digitex Futures Adam Todd commented on this news:

“The Digitex waitlist demonstrates the massive demand for commission-free trading with so many people anxious for the product to launch. Now that we have a confirmed date for the testnet launch, we’ve decided to reopen the waitlist as a way to bring new eyes to the project. This gives new supporters the chance to win free DGTX, but also to become part of an epic game-changing project as well.”

To further appeal to users in these five specific markets, Digitex has recently added translations for its web pages and for the soon-to-be-released trading interface.

What to Expect from the Testnet

This latest giveaway aims to build momentum in the buildup to Digitex’s testnet launch, which it confirmed last month will take place on November 30. The testnet will include a host of user-friendly features, such as zero-fee trading and a one-click trading ladder interface, that will be tested by 10,000 real traders prior to the main exchange launch.

All futures contracts, regardless of trading pair, will be transacted in DGTX tokens. Initially, Digitex plans to go live with a single market which will be a BTCUSD perpetual swap futures market.

High usage capacity is also a priority for the initial launch. Digitex’s testnet is anticipated to handle as many as 50,000 transactions per second (tps) and 10,000 active traders at the same time but this capacity will increase over time as stress testing continues.

Digitex is also currently working on the development of non-custodial accounts. However, while these are still under development, users will be testing custodial wallets. Later iterations of the trading platform will be non-custodial, allowing everyone to have 100% control of their own wallets and contract funds. Once live, the company also expects to roll out more markets trading perpetual contracts against different coins.

The exchange is aiming to win over users in an increasingly competitive crypto futures market. Digitex will join established players like BitMEX and newer competitors, including two futures trading platforms from Binance as well as Bakkt’s institutional-focused exchange.

You May Also Like
Advertisement
cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Watford FC to brand Bitcoin logo on the jersey

The initiative is being carried out as a part of a brand partnership with sports betting site Sportsbet.io. Sportsbet.io's marketing… Read More

5 hours ago

Latest Bitcoin price and analysis (BTC to USD)

At the time of writing, Bitcoin (BTC) is trading at just above $10,300 after gaining about 1% since last week.BTC… Read More

5 hours ago

Johnstone: How To Defeat The Empire

Authored by Caitlin Johnstone via CaitlinJohnstone.com, One of the biggest and most consistent challenges of my young career so far… Read More

5 hours ago

Today’s Bitcoin Drop Driven by Massive Volume Influx

Bitcoin has been facing a bout of sideways trading for the past several days, but today’s drop to below $10,200… Read More

5 hours ago

L.A. to Choose Blockchain Pilot Project at CIS Conference

With a growing interest in blockchain solutions for government, the city of Los Angeles has partnered with organizers of a… Read More

5 hours ago

Bitcoin’s heading to a new all-time high along with the S&P 500, says Fundstrat’s Tom Lee

watch nowTalk about a bitcoin bull case.The digital currency is headed to new record highs, says Tom Lee, co-founder, managing… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More