All the Rewards and Their APYs Coming to Digitex City
We’re nearing December and, as you know, that means that our expansion to Digitex City is almost upon us. We will soon be opening up a brand-new platform that will accommodate a much broader audience from crypto traders to enthusiasts, investors to speculators. Digitex City is a platform designed for users to make money in a number of different ways. Whether they want to trade, stake, or bet their cryptocurrency; they can make their money work for them in the manner of their choosing.
With the rise of DeFi this year in tandem with global macro factors making keeping money in fiat currency an extremely unattractive option right now, staking, in particular, will be an extremely popular outlet for users who are increasingly looking for more passive, low-risk investment opportunities.
In Digitex City, users will discover many opportunities to invest their crypto for a high-paying APY. Let’s take a look at all the rewards programs available along with their APYs coming to Digitex City.
DGTX Pool Rewards – Currently 80% APY
Kickstarting our staking initiatives, the DGTX Rewards Program is already live on DigitexCity.com. Participants can earn daily rewards in return for adding on-chain liquidity to our decentralized markets. All you have to do is deposit an equal value of DGTX and ETH into our liquidity pool on Uniswap to create pool tokens to place in your DGTX Rewards wallet.
To incentivize on-chain liquidity for DGTX and to attract more participants to the program, Digitex is dedicating a massive 5 million DGTX to this program per month. Liquidity on our market on Uniswap is already extremely high at around $1.5 million in the first few days alone making it easy to buy and sell large amounts of DGTX–and there will be more DEXs coming soon, so watch this space!
Liquidity Mining Rewards – Up to 150% APY
Through our Liquidity Mining initiative, traders can earn rewards by market-making on our spot, futures, and forex markets. You can either choose to trade manually or trade 24/7 using our easily configurable market maker bots that require no programming skills at all.
Liquidity mining rewards are paid out every minute according to your level of activity in the order book. Not only is this an exceptional way of making consistent profits and ensuring deep liquidity and tight bid-ask spreads but it also allows the Digitex exchange to remain free of professional market makers that require preferential treatment.
DUSD Creation Rewards – Up to 150% APY
Another awesome way of earning rewards and stacking up profits is by creating DUSD, the stablecoin that will fuel the entire Digitex City economy. The DUSD Creation Rewards program incentivizes people to lock away their DGTX as collateral for creating DUSD. DUSD tokens can only be created by locking away a 10x greater value of DGTX (which will gradually come down to 5x), and you receive a daily interest payment on the amount of that DGTX collateral.
Beyond rewarding participants with an incredibly generous APY, staking DGTX to create DUSD also serves to constrict its supply. With reduced supply and increased demand, DGTX will soon reflect its true value as a utility token and long-term hold.
DUSD Bonds – Up to 100% APY
Through this exciting new program, you can earn daily DGTX rewards by buying Digitex Bonds using DUSD tokens. We’ll be posting more information about this new initiative soon but essentially, Digitex Bonds are denominated in DUSD and are freely traded after they have been issued, with a coupon that pays out a fixed number of DGTX every day. With an APY of up to 100%, this is another unrivaled opportunity to cash in on high returns when Digitex City opens its doors.
Wrapping It Up
We hope that you’re as excited about all these money-making opportunities as we are. Keep in mind that when the doors first open, Digitex City will require an extra “push” to get everything kickstarted! So, all these programs will be paying out at the highest rates to the users as there won’t be so many people participating in them in the beginning. This means that the earlier you get in, the more money you can make.
We’ll be releasing videos very soon showing you step by step instructions on how to take advantage of these programs and make a lucrative passive income, so, watch this space! And if you have any questions in the meantime, be sure to let us know through all the usual channels.