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What is Digitex Games? Digitex Games is an actively developed trustless, non-custodial, and fully transparent casino. It offers provably fair games and instant on-chain payouts. Users can bet with FTM, USDC, or the platform's native cryptocurrency, the DGTX token. Betting with DGTX incurs zero fees on winnings, while a portion of the fees on FTM and USDC winnings is used to buy back and burn DGTX tokens, making it a deflationary token.
On Digitex, users can either be a Player or the House. As the House, users deposit liquidity into the house bankroll smart contract and earn a passive DeFi income from the 3% fee on all FTM and USDC winnings.
Every bet placed on Digitex is an immutable blockchain transaction, and the platform never holds custody of users' funds. Whether you're a Player or the House, you send your bets or liquidity directly to the trustless smart contracts on the Fantom blockchain. Digitex cannot hold back, mismanage, or steal your funds.
The first game on Digitex is set to be launched later this year.
What is the history of Digitex? The Digitex ICO took place on January 15th, 2018, where 650 million DGTX tokens were sold at $0.01. DGTX was the native token of the Digitex Futures Exchange, a zero-fee crypto futures exchange that generated 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, due to flawed tokenomics and the reliance on minting as the only revenue source, DGTX faced an unrecoverable death spiral, and the exchange went offline in May 2022.
Instead of starting a new project with a new token, Digitex's founder, Adam Todd, decided to revive Digitex and give DGTX token holders another chance by using his new idea for a non-custodial betting platform. He believed that Digitex's experience and insight would contribute to the success of the new project, benefiting the original DGTX token holders.
What makes Digitex unique? Digitex has several unique features:
- No house edge or fees on winnings when betting with DGTX tokens.
- Outrageous games.
- Earn passive income as the House.
How many DGTX tokens are in circulation? The total supply of DGTX tokens is 9.2 billion (9,200,000,000), and all tokens are currently in circulation. The team does not hold any tokens to dump now or in the future. The minting keys and ownership keys have been burned, ensuring that no more DGTX can be minted or changes made to the token contract. DGTX is now a fully decentralized token under nobody's control.
What blockchain is DGTX on? The original DGTX token is an ERC-20 token on the Ethereum blockchain. However, the new Digitex Games betting platform is built on the Fantom blockchain to enable fast confirmation times, near-instant Time to Finality, and low transaction costs required for fully on-chain gambling. A cross-chain bridge will be created to allow users to bridge their Ethereum DGTX tokens to the Fantom blockchain. Only bridged DGTX tokens can be used on the betting platform.
Will DGTX be a deflationary token? Yes. When the first game is launched later this year, a portion of the fees collected on FTM and USDC winnings will be used to automatically buy back DGTX tokens from the market on a daily basis and burn them. This will result in a decreasing circulating supply, making DGTX a deflationary token.
Where can you buy DGTX tokens? As a fully decentralized betting platform, Digitex recommends buying and selling DGTX tokens non-custodially and trustlessly. The best place to do so is Uniswap. Fantom Uniswap markets for DGTX/FTM and DGTX/USDC will be created once Uniswap deploys its DEX on the Fantom blockchain.
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What is Digitex Games?
Digitex Games is currently under active development and will be a trustless, non-custodial, fully transparent casino with provably fair games and instant on-chain payouts. You can bet with FTM, USDC or you can bet with the platform's native cryptocurrency, the DGTX token. When betting with DGTX you pay zero fees on your winnings. A portion of the fees on FTM & USDC winnings will be used to buy back DGTX from the circulating supply and burn them, making it a deflationary token.
On Digitex you can be a 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 Players bets, thereby earning a passive DeFi income from the 3% fee on all FTM & USDC winnings.
Every bet placed will be an immutable blockchain transaction, and the Digitex platform will never have custody of your funds at any time. Whether youre a Player or the House, you send your bets or your liquidity directly to our trustless smart contracts on the Fantom blockchain. Its impossible for us to hold back, mismanage or steal your funds.
Currently in active development, the first game will be launched later this year.
What is the history of Digitex?
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 Digitexs founder, Adam Todd, is not one to give up easily. Instead of starting his next idea for a non-custodial betting platform as a new project with a new token, he decided to use his new idea as an opportunity to revive Digitex and to give DGTX token holders another chance of success. After all, it was Digitex that gave him the hard-won experience and insight that would make this next project successful, and so it seemed right that it should continue as Digitex and the original DGTX token holders should ultimately benefit from that.
What makes Digitex so unique?
There are several unique features of Digitex:
- No house edge or fees on winnings when you bet with DGTX tokens.
- Outrageous games.
- Earn passive income as the House.
How many DGTX tokens are there in circulation?
The entire Total supply of 9.2 billion (9,200,000,000) DGTX tokens are in circulation. The team has no tokens to dump now or at any time in the future. The DGTX minting keys and ownership keys have been burned, making it impossible to mint more DGTX ever again or make any changes to the token contract. DGTX is now a fully decentralized token under nobodys control.
What blockchain is DGTX on?
The original DGTX token is an ERC-20 token on the Ethereum blockchain. But the new Digitex Games betting platform is built on the Fantom blockchain to enable the fast confirmation times, near-instant Time to Finality and sub-penny transaction costs that are necessary to make fully on-chain gambling possible. After extensive research we found the Fantom blockchain to be the best blockchain on which to build Digitex Games.
Therefore, we will create a cross-chain bridge so you can bridge your Ethereum DGTX tokens over to the Fantom blockchain. Only DGTX tokens that have been bridged across to the Fantom blockchain can be used on the betting platform. When we get closer to launch time Digitex will start bridging tokens across to the Fantom blockchain so that new users can easily buy them on the Fantom side without any hassles.
Will DGTX be a deflationary token?
Yes. When the first game is launched later this year, a portion of the fees collected on all FTM & USDC winnings will be used to automatically buy back DGTX tokens from the market on a daily basis and burn them. This means DGTX will soon become a deflationary token with a circulating supply that is constantly decreasing.
Where can you buy DGTX tokens?
As a fully decentralized betting platform we are big believers in buying and selling crypto non-custodially and trustlessly wherever possible. We therefore recommend Uniswap as the best place to buy and sell DGTX tokens. Uniswap has plans to deploy their DEX on the Fantom blockchain soon, after which we will create DGTX/FTM & DGTX/USDC markets on Fantom Uniswap.
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