Digitex Update: DGTX Mint Jan 2022

As stated in the first sentence of the Digitex whitepaper written in December 2017:

Presenting a commission-free futures exchange that covers operational costs by minting its own native currency, the DGTX token, instead of charging transaction fees on trades.

The first DGTX mint occurred on January 15th, 2018 when one billion DGTX were created. These tokens were sold over the course of the next 3 years and the revenue generated from these DGTX sales allowed us to build a team and then develop and launch our signature zero-fee futures exchange.

Then in December 2020 and in March 2021 we minted a total of 590 million DGTX tokens. This increased the total token supply by 59% from 1,000,000,000 to 1,590,000,000 DGTX. This allowed us to continue developing and operating the Digitex exchange throughout 2021 up until the present day.

Once again, as expected, it is time for Digitex to mint DGTX tokens for the purpose of covering the development and operational costs of running the exchange, as well as for adding liquidity to our DGTX denominated futures markets. 

But rather than doing a one-time mint of a large number of tokens, instead we will be minting smaller amounts of DGTX on a more regular basis throughout 2022 as and when needed. For the purpose of transparency, all DGTX minting events will be published here on the Digitex blog.

On January 6th 2022 we will mint 60 million DGTX. This is a 3.8% increase in the total token supply which will take the total supply from 1,590,000,000 to 1,650,000,000 DGTX. 

Thank you for your continued support of Digitex. We continue to work on plans to significantly increase liquidity on our spot markets, get the exchange listed on cmc, list new tokens and execute on a rebranding and marketing campaign that will surprise everyone.