CoinEx Launches DGTX with 175,000 DGTX Rewards

After a week, CoinEx launched something new.

What is it this time?

Be patient~

Let me explain the details…

In 2018, an overseas futures trading platform called Digitex Futures rose to fame as the world’s first such platform free of transaction fees, soon after it entered this field.

As transaction fee is the lifeline of exchanges, what does Digitex Futures economically rely on without it?

Upon the first sight of the “futures trading platform free of transaction fee”, many people must be very confused.

To tackle their doubt, first of all, we need to focus on DGTX, the platform coin of Digitex.

DGTX token is the platform currency of Digitex Futures Exchange, with a total issuance of 1 billion. It is required for anyone who wants to have transactions free of charge. All profits and losses in Digitex are settled in DGTX, and all account balances are denominated in it. In other words, if investors want to open a contract on the Digitex Futures, they must pay a deposit in DGTX. The issuance of DGTX token serves as a capital source for Digitex Futures. Like many other blockchain project developers, the team obtains the operating capital of the project by selling DGTX.

In recent years, the trading market of cryptocurrency derivatives has attracted increasing attention from investors inside and outside the industry. Exchanges have also noticed the blue ocean of futures trading. According to a report on the crypto derivatives market issued by the well-known rating agency TokenInsight, the total transaction volume of cryptocurrency derivatives in the first quarter of this year has exceeded 2 trillion US dollars, an increase of 314% from the average of four quarters last year. It is believed that the development of the cryptocurrency derivatives market is promising enough to push the cryptocurrency to a broader market. Against such background, Digitex, dedicated to futures trading, now is at an early stage of development, and will go further in futures trading by virtue of the advanced strategy of waiving transaction fees.

On May 29, 2020, DGTX will launch the CoinEx trading platform. To celebrate their cooperation and offer more benefits to community users, CoinEx has launched several events to share 175,000 DGTX for top-ups.

Here are details of the events:

Event 1: Top up and share 75,000 DGTX

Time: May 29, 2020, 17:00 (UTC + 8) — June 3, 2020, 24:00 (UTC + 8)

During the event, users with a net top-up of more than 3,000 DGTX can split the rewards. Sorted by the top-up time, the top 300 qualified users can each receive 250 DGTX as rewards at the same time.

Event 2: Trade to split 100,000 DGTX

Time: June 1, 2020, 17:00 (UTC + 8) — June 5, 2020, 24:00 (UTC + 8)

(1) During the event, CoinEx users with a net purchase (buying volume-selling volume) greater than 20,000 DGTX can join in the ranking and win 65,000 DGTX. Details of reward distribution are as follows:

1st place: 20,000 DGTX

2nd place: 15,000 DGTX

3rd place: 10,000 DGTX

4th — 10th places: 10,000 DGTX

11th — 20th places: 10,000 DGTX

(2) During the event, CoinEx users with a net purchase (buying volume-selling volume) less than 20,000 DGTX can share 35,000 DGTX in proportion.

*CoinEx Chain reserves all the interpretation of the events.

In addition to the above top-up events, CoinEx will also launch a series of airdrops in red packets.

Follow the CoinEx official news for more surprises!

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