Dear DGEX Trader,
Welcome to a fresh DGEX newsletter - it has been a few months since the last one already. Did you also notice that time flies quicker by the day?
This time DGEX has some exciting announcements to make... like we always do! Now the cryptocurrency world has taken some major leaps during the months
we stayed silent in the back minding our customers' business.
The NXT community's impressive momentum is finally starting to bear fruit - while the lesser cryptos are fluttering NXT has soared to a solid third place in cryptocurrency market cap rankings, with only Bitcoin itself and the declining Litecoin ahead. The primary business of DGEX is trading NXT and there is no reason to change that. Thus our efforts are strongly inclined towards NXT's wellbeing. Well, what efforts?
1. Adding new cryptocurrencies
2. FIAT exchange (USD/EUR <-> BTC)
3. DGEX remake and the NXT Asset Exchange
4. Offspring and physical NXT USB key project
5. Near future schedule and fee changes
1. After adding DGEX's own virtual shares to the trading platform back in March, many customers and shareholders have grown restless about the silence in DGEX developments. These times have not gone in vain, as we added as a test coin the Chinese NXT clone NAS in April, 2-factor email authentication and a bunch of internal security measures to the DGEX facilities during the period when the other major developments have remained invisible.
With the addition of NAS trading DGEX has been able to test multi-currency trading and is now in a better position to be able to add further new generation coins to its platform during the coming months.
One of these new cryptocurrencies is FIMK (
FIMKRYPTO The 2.5-Gen Proof-of-Stake Cryptocurrency ), for which DGEX has agreed to arrange the initial stakeholder distribution. FIMK is an interesting spinoff from NXT that has added some fancy antiestéticatures AND a whole new distribution model, never before seen in the cryptocurrency world. In addition to having Bitcoin-like guaranteed block rewards for 4 years for a proof-of-stake currency, their goal is to distribute one third of the currency supply as a basic income for the citizens of Finland.
I have been assured the citizenship distribution is completely different from the airdrop model Iceland's Auroracoin brought on previously, one that caused the coin to flatten out because of a sudden increase in supply. The improved "national coin" basic income model of FIMK allows for stable and slow distribution - again like Bitcoin - to not dilute the supply too drastically and keeping the value in upswing. It works in a snowball effect'ish way; while new users are being brought in by the lure of "free" tokens, new national and international service providers are continually incentivized to adopt accepting payments from the users of the swiftly expanding currency.
It is a pleasure to be partnering in such a bold attempt to bring prosperity to one's countrymen, and of course to bring the benefits of such fruity deal to DGEX customers and shareholders as described in the next section of this newsletter.
I suggest you have a look at the FIMK initial stakeholder distribution, which will entitle everyone donating the slightest number of bitcoin fractions to get a notable share of the initial FIMK coins when the currency is published. All initial stakeholder distributions that I know of have yielded at least dozens of times (1000%+, even 10000's % as NXT did) their initial Bitcoin input. Of course I am now talking about the distributions where the author is trustable and delivers according to the promise. That is why DGEX is endorsing and backing the FIMK distribution - even if you do not trust the authors, the chances are you have by now learned to trust me, Graviton. Entry to the DGEX escrow of FIMK stakeholder distribution is available from your DGEX client account main screen.
2. People have been wondering about my decision to add FIMK to DGEX's very limited selection of offerings, and justly so. While the advanced antiestéticatures of the currency and the fact that the author is a good long term acquaintance of mine whose performance I can trust are obvious to only a few, there largely remains a strange feeling that something is amiss. Well here comes the big secret and the kicker:
- the partnership with FIMK enables DGEX to bring FIAT exchange services to NXT!
The FIMK releasers have long been constructing a cryptocurrency to / from fiat exchange that traders can use with wire tras*fers and other traditional methods of payment. It is this pristine facility DGEX is tapping to, so the partnership deal is expanding beyond merely listing their coin for trade at DGEX and taking a commission. The FIMK staff is thus able to process wire tras*fer payments for DGEX customers, effectively enabling exchange of EUR / USD to NXT and vice versa.
[There have been even efforts to enable direct credit card purchases of NXT, but it is too early to mention this.]
The fiat exchange capability for DGEX to some extent is expected to go live before July 15th.
3. The DGEX software is at this moment going through extensive remake in order to eventually tras*fer all trading to the Decentralized Asset Exchange technology. This is no minor antiestéticat, and it is a small wonder we are this far in development with very limited resources. A read-only preview of what to expect can be peeked at
https://dgex.com/AE
When the software revision is through, DGEX will be equipped to operate the most extensive and versatile digital asset / cryptocurrency exchange with the ability for ANYONE HOLDING BITCOINS to trade the existing list of trading pairs and add a cryptocurrency of their choice - or any other digital asset - for public trading through the web browser. Think about the implications of that once again!
The DGEX web site and its antiestéticatures are scheduled to be updated during the month of July.
4. Offspring, DGEX's own and very popular open source NXT crypto client, is now extending its functionality to carry the antiestéticatures of a physical USB verification token designed by a community member. The payment verification token will enhance account security by limiting access to one's NXT account only when the token is physically present and connected. This project is in early development however we expect prototype tests during the coming month.
5. During the rest of June and July DGEX will NOT normally process payments (withdrawals) on weekends after Friday GMT business hours. So if you withdraw funds on Friday night expect them to arrive on Monday. Unless you are lucky.
During the summer (June / July / August) DGEX will be improving its deposit / withdrawal mechanisms and streamlining fees. Both Bitcoin and NXT deposits will be available for trading in minutes (one confirmation). Withdrawals to previously known addresses will be much quicker than the current 3 to 24 hours average. BTC fees will lower slightly and a small NXT withdrawal fee will be introduced. Trading fees will be decreased to the lowest in the industry. These changes will be announced one week before they are implemented.
I trust you did enjoy the news. Wishing you a great NXT day!
Kind regards,
Graviton Capital
DGEX.com
