Digitex Announces Launch of Blockfarm Yield Farming: First Program Offers $50K ETH
[PRESS RELEASE – Please Read Disclaimer
13/05/2021, St. Vincent – Digitex Ltd, a commission-free crypto futures and spot exchange, has announced the launch of its new yield farming platform, Blockfarm, built within the Digitex exchange. Through Blockfarm, users can earn an attractive passive income on their crypto holdings in a short space of time by staking the exchange’s native DGTX token to receive rewards in different cryptocurrencies, starting with Ether (ETH).
At a time when ETH price is soaring to record all-time highs, Digitex allows users to purchase DGTX commission-free and earn rewards in ETH to compound their rising ROIs. Through Blockfarm, users can make gains on Ether’s rising price as well as staking rewards paid out in ETH on their DGTX.
To mark the event, participants will be able to collectively earn $50,000 worth of ETH in a 30-day period. Notably, unlike staking ETH for rewards on other platforms, Digitex users can stake and unstake their DGTX at any time. Digitex CEO Adam Todd commented:
“The ETH staking program will be the first of many to follow as more cryptocurrencies are added to the exchange. Blockfarm is designed to build value for Digitex users… therefore, as new cryptocurrencies begin to list on our zero-fee exchange, users will also be able to earn rewards in their chosen currency through our Blockfarm platform.”
Unlike other high-yield initiatives, the Blockfarm yield farming platform is easy to use. Participants must simply create an account on Digitex, purchase DGTX to deposit into their main account, and then transfer it to the Blockfarm platform. The APY will vary depending on how many users take part. Digitex has been running a successful yield program via Uniswap for around six months, for example, and the APY ranges between 35% and 150%.
“We’re thrilled to provide more utility for the DGTX token and drive demand for long-term holders. As more yield farming programs get added to Blockfarm, the more demand will be driven to DGTX and, as more DGTX gets locked up, its value can gradually increase,” Todd added.
About Digitex Ltd
Digitex Ltd is a zero-fee cryptocurrency spot and futures exchange that makes use of its native DGTX token to enable liquid commission-free markets. Registered in St. Vincent, the company was founded by former futures and betting-exchange trader Adam Todd, who developed a revolutionary token issuance revenue model for sustainably operating an exchange without charging commissions.
