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Digitex: Transforming the Decentralized Betting Landscape

June 5, 2024
Altcoins
6 min

Digitex is poised to revolutionize the decentralized betting experience, offering a unique blend of advanced technology and user-centric benefits. Imagine placing bets with zero gas fees, experiencing games with no house edge, and enjoying fee-free winnings when using DGTX tokens. With its dedicated Layer 3 blockchain, Digitex ensures swift transaction finality and an unmatched gaming experience that retains users’ full custody of their funds. Holding a High Rollers NFT reduces your fees further, enhancing the thrill of the game. Dive into this trailblazing platform that not only brings cutting-edge games but also allows you to earn passive income as the House. Read on to discover how Digitex is setting new standards in decentralized gambling.

What Makes Digitex So Unique?

Digitex stands out in the decentralized betting arena with several groundbreaking features:

  • Zero Gas Fees on Bet Transactions: Unlike many blockchain-based platforms, Digitex eliminates gas fees, making it more cost-effective for users.
  • Zero House Edge on Games: Players can enjoy games without the traditional house edge, increasing their chances of winning.
  • Zero Fees on Winnings with DGTX Tokens: When betting with DGTX tokens, users pay no fees on their winnings.
  • Reduced Fees with High Rollers NFT: Holding a High Rollers NFT can significantly reduce fees on winnings.
  • Dedicated Layer 3 Blockchain: Digitex operates on its own Layer 3 blockchain, ensuring fast transaction times and zero gas fees.
  • Outrageous Games: The platform offers a variety of exciting and innovative games.
  • Passive BetFi Income: Users can earn passive income by acting as the House, providing liquidity to the platform.

Circulating Supply of DGTX Tokens

The total supply of DGTX tokens is 9.2 billion (9,200,000,000), all of which are currently in circulation. The founder and team hold no tokens, ensuring there is no risk of a sudden dump. The minting and ownership keys for DGTX have been burned, making it impossible to mint more tokens or alter the token contract. This ensures that DGTX remains a fully decentralized token under no single entity's control.

Blockchain and Cross-Chain Bridge

The DGTX token is an ERC-20 token on the Ethereum blockchain. However, the new Digitex casino is built on its own Layer 3 Digitex blockchain, which enables fast confirmation times and zero gas fees, essential for revolutionizing decentralized gambling.

To facilitate this, Digitex is developing a cross-chain bridge that allows users to transfer their Ethereum-based DGTX tokens to the Digitex blockchain. If you prefer to keep your DGTX tokens on Ethereum and not use them for betting, you don't need to take any action. However, if you want to experience decentralized betting with zero fees on winnings, zero gas fees, and zero house edge, you should bridge your DGTX tokens to the Digitex blockchain once the mainnet launches.

Deflationary Token Model

When the mainnet launches in Q2 2024, a portion of the fees collected on all ETH, USDC, USDT, and ARB winnings will be used to buy back DGTX tokens from the market daily and burn them. This mechanism will make DGTX a deflationary token, with a circulating supply that constantly decreases.

History of Digitex

The Digitex ICO took place on January 15, 2018, where 650 million DGTX tokens were sold at $0.01 each. Initially, DGTX was the native token of the Digitex Futures Exchange, a zero-fee crypto futures exchange that generated revenue by minting and selling DGTX instead of charging transaction fees.

In October 2018, DGTX was the 61st largest cryptocurrency with a market cap of $160 million. However, the flawed tokenomics model led to an unrecoverable death spiral, and the exchange went offline in May 2022.

Despite this setback, Digitex's founder, Adam Todd, decided to revive the project. Instead of starting a new project with a new token, he used the opportunity to give DGTX token holders another chance at success by launching a decentralized casino and blockchain.

Digitex - Decentralized Casino & Layer 3 Blockchain

Digitex is revolutionizing the decentralized gambling experience with zero gas fees to place your bets and instant transaction finality. It will be the only decentralized casino in the world with a user experience that matches the fast-paced games and one-click, free bet submission of centralized casinos. Unlike centralized casinos, Digitex players retain full custody of their funds in their own wallets at all times.

This is made possible by running the Digitex casino on its own dedicated Layer 3 blockchain. Built on Arbitrum Orbit, the same technology that powers the Arbitrum network, the Digitex blockchain is blazing fast with ultra-low gas fees, allowing the platform to subsidize players' gas costs from house profits.

When betting with DGTX tokens, users pay zero fees on their winnings. Digitex is the only online casino where you can play with zero edge working against you, made possible by owning the DGTX token.

When betting with ETH, USDC, USDT, or ARB tokens, users pay a 3% fee on every winning payout. However, these fees can be reduced by 30% to 100% by holding one or more Digitex High Rollers NFTs in your betting wallet.

Be the Player or the House

Digitex offers users the option to be the player or the house. As the house, you can deposit liquidity into the house bankroll smart contract to act as the counterparty to players' bets, thereby earning a passive BetFi income from the 3% fee on winnings.

As a decentralized protocol, Digitex shares all fees on winnings with participants who help build, operate, promote, and secure it. Fees on winnings are distributed among house bankroll liquidity providers, the refer-a-friend program, game developers, and chain validators.

One-third of all fees on winnings are used to buy back DGTX tokens from the open market and burn them, making DGTX a deflationary token with tangible utility.

Current Market Data

As of now, the market data for DGTX is as follows:

  • Current Price: $0.0000
  • Market Cap: $0.00
  • 24h Price Change: 7.84%
  • 7d Price Change: 13.14%
  • 30d Price Change: -7.71%
  • 24h High: $0.0000
  • 24h Low: $0.0000
  • All-Time High: $0.1606 (2018-10-14)
  • All-Time Low: $0.0000 (2023-09-12)
  • Circulating Supply: 0.00
  • Total Supply: 9,200,000,000.00

Conclusion

Digitex is set to transform the decentralized betting landscape with its innovative features and user-centric approach. By eliminating gas fees, house edge, and fees on winnings, Digitex offers a unique and cost-effective betting experience. The platform's dedicated Layer

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Digitex is poised to revolutionize the decentralized betting experience, offering a unique blend of advanced technology and user-centric benefits. Imagine placing bets with zero gas fees, experiencing games with no house edge, and enjoying fee-free winnings when using DGTX tokens. With its dedicated Layer 3 blockchain, Digitex ensures swift transaction finality and an unmatched gaming experience that retains users’ full custody of their funds. Holding a High Rollers NFT reduces your fees further, enhancing the thrill of the game. Dive into this trailblazing platform that not only brings cutting-edge games but also allows you to earn passive income as the House. Read on to discover how Digitex is setting new standards in decentralized gambling.

What Makes Digitex So Unique?

Digitex stands out in the decentralized betting arena with several groundbreaking features:

  • Zero Gas Fees on Bet Transactions: Unlike many blockchain-based platforms, Digitex eliminates gas fees, making it more cost-effective for users.
  • Zero House Edge on Games: Players can enjoy games without the traditional house edge, increasing their chances of winning.
  • Zero Fees on Winnings with DGTX Tokens: When betting with DGTX tokens, users pay no fees on their winnings.
  • Reduced Fees with High Rollers NFT: Holding a High Rollers NFT can significantly reduce fees on winnings.
  • Dedicated Layer 3 Blockchain: Digitex operates on its own Layer 3 blockchain, ensuring fast transaction times and zero gas fees.
  • Outrageous Games: The platform offers a variety of exciting and innovative games.
  • Passive BetFi Income: Users can earn passive income by acting as the House, providing liquidity to the platform.

Circulating Supply of DGTX Tokens

The total supply of DGTX tokens is 9.2 billion (9,200,000,000), all of which are currently in circulation. The founder and team hold no tokens, ensuring there is no risk of a sudden dump. The minting and ownership keys for DGTX have been burned, making it impossible to mint more tokens or alter the token contract. This ensures that DGTX remains a fully decentralized token under no single entity's control.

Blockchain and Cross-Chain Bridge

The DGTX token is an ERC-20 token on the Ethereum blockchain. However, the new Digitex casino is built on its own Layer 3 Digitex blockchain, which enables fast confirmation times and zero gas fees, essential for revolutionizing decentralized gambling.

To facilitate this, Digitex is developing a cross-chain bridge that allows users to transfer their Ethereum-based DGTX tokens to the Digitex blockchain. If you prefer to keep your DGTX tokens on Ethereum and not use them for betting, you don't need to take any action. However, if you want to experience decentralized betting with zero fees on winnings, zero gas fees, and zero house edge, you should bridge your DGTX tokens to the Digitex blockchain once the mainnet launches.

Deflationary Token Model

When the mainnet launches in Q2 2024, a portion of the fees collected on all ETH, USDC, USDT, and ARB winnings will be used to buy back DGTX tokens from the market daily and burn them. This mechanism will make DGTX a deflationary token, with a circulating supply that constantly decreases.

History of Digitex

The Digitex ICO took place on January 15, 2018, where 650 million DGTX tokens were sold at $0.01 each. Initially, DGTX was the native token of the Digitex Futures Exchange, a zero-fee crypto futures exchange that generated revenue by minting and selling DGTX instead of charging transaction fees.

In October 2018, DGTX was the 61st largest cryptocurrency with a market cap of $160 million. However, the flawed tokenomics model led to an unrecoverable death spiral, and the exchange went offline in May 2022.

Despite this setback, Digitex's founder, Adam Todd, decided to revive the project. Instead of starting a new project with a new token, he used the opportunity to give DGTX token holders another chance at success by launching a decentralized casino and blockchain.

Digitex - Decentralized Casino & Layer 3 Blockchain

Digitex is revolutionizing the decentralized gambling experience with zero gas fees to place your bets and instant transaction finality. It will be the only decentralized casino in the world with a user experience that matches the fast-paced games and one-click, free bet submission of centralized casinos. Unlike centralized casinos, Digitex players retain full custody of their funds in their own wallets at all times.

This is made possible by running the Digitex casino on its own dedicated Layer 3 blockchain. Built on Arbitrum Orbit, the same technology that powers the Arbitrum network, the Digitex blockchain is blazing fast with ultra-low gas fees, allowing the platform to subsidize players' gas costs from house profits.

When betting with DGTX tokens, users pay zero fees on their winnings. Digitex is the only online casino where you can play with zero edge working against you, made possible by owning the DGTX token.

When betting with ETH, USDC, USDT, or ARB tokens, users pay a 3% fee on every winning payout. However, these fees can be reduced by 30% to 100% by holding one or more Digitex High Rollers NFTs in your betting wallet.

Be the Player or the House

Digitex offers users the option to be the player or the house. As the house, you can deposit liquidity into the house bankroll smart contract to act as the counterparty to players' bets, thereby earning a passive BetFi income from the 3% fee on winnings.

As a decentralized protocol, Digitex shares all fees on winnings with participants who help build, operate, promote, and secure it. Fees on winnings are distributed among house bankroll liquidity providers, the refer-a-friend program, game developers, and chain validators.

One-third of all fees on winnings are used to buy back DGTX tokens from the open market and burn them, making DGTX a deflationary token with tangible utility.

Current Market Data

As of now, the market data for DGTX is as follows:

  • Current Price: $0.0000
  • Market Cap: $0.00
  • 24h Price Change: 7.84%
  • 7d Price Change: 13.14%
  • 30d Price Change: -7.71%
  • 24h High: $0.0000
  • 24h Low: $0.0000
  • All-Time High: $0.1606 (2018-10-14)
  • All-Time Low: $0.0000 (2023-09-12)
  • Circulating Supply: 0.00
  • Total Supply: 9,200,000,000.00

Conclusion

Digitex is set to transform the decentralized betting landscape with its innovative features and user-centric approach. By eliminating gas fees, house edge, and fees on winnings, Digitex offers a unique and cost-effective betting experience. The platform's dedicated Layer

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