Digitex
Crypto Overview
Purpose and Utility
Digitex (DGTX) was created as a utility token for commission-free futures trading on the Digitex Futures exchange. The token was meant to be used to denominate all trading contracts and as the medium of exchange within the Digitex ecosystem.
Business Model Assessment
The platform's core business model centered around facilitating leveraged futures trading without charging commissions, with the exchange planned to generate revenue through token price appreciation and a small amount of inflation in the DGTX token supply.
Development and Platform Status
As of 2023, the Digitex project appears to be defunct. The official website is no longer operational, development has ceased, and trading volume has essentially dropped to zero. The project faced multiple delays and technical issues before eventually failing to deliver on its promised exchange platform.
Token Distribution and Usage
The token distribution included allocations to the founding team, early investors, and public sale participants. However, with the project's collapse, the token has lost virtually all utility and trading activity.
Crypto Impact
To assign a comfort level investing in Digitex from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Digitex.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.