An Ongoing Token Sale That Funds Exchange Operations

In order to secure continued funding for the Digitex Futures exchange the Digitex Treasury was created. The Treasury is an ongoing token sale in which buyers can purchase DGTX exchange tokens directly from Digitex with zero slippage in an instant trustless transaction.

To create the token sale, 100 million DGTX tokens (10% of the total supply of DGTX) were locked into the Digitex Treasury smart contract. Starting on 1 March 2019, the smart contract releases 10 million DGTX tokens every three months and sells them ongoing for two and a half years until all tokens have been released.

In order not to undercut our exchange partners or risk opportune traders dumping tokens, the price of the token is determined by us and will be set at a small market premium. The Treasury is not open to residents of the U.S. for regulatory reasons.

The Digitex Treasury allows traders to buy DGTX easily and instantly without having to go through an exchange. At the same time, it funds our operations and continued marketing and development costs.

Note that Digitex has three phases of revenue generation. The first was the ICO in January 2018, which raised over $5 million. The Treasury is the second and current phase and will last until 2021, and the final phase is token issuance, which will likely begin from 2022 onward.