Digitex are having a second token sale!Short version:
WHAT: 100 million DGTX tokens will be offered for sale to the public on February 15th, 2018.
HOW: We have bought back 148 million DGTX tokens from a very large buyer who bought them in our ICO on January 15th, 2018.
WHY: We were uncomfortable with one buyer owning such a large amount of DGTX tokens and we wanted to redistribute them amongst thousands of smaller buyers for the long term benefit of the project going forward.
To participate, you buy DGTX tokens by sending ETH (Ether) to our smart contract address which will be published in the Auction Panel on Feb 15th.
Token auction will start at
9am EST on February 15th, 2018.
Token auction will offer
100,000,000 DGTX tokens for sale to the public.
There is a
10 ETH maximum buy in to ensure that no whales can buy large amounts of tokens.
Token sale mechanism will be a reverse auction where the DGTX token price starts high and then drops in price every hour until all tokens are sold at a price the market deems to be fair.
As the DGTX auction price drops every hour, you send ETH to our token auction smart contract address when the price drops to the level at which you are happy to buy.
If you are happy to pay whatever the market price is, you can send ETH to our smart contract when the auction starts and you will get DGTX tokens at whatever the final price ends up being.
The token auction ends when the amount of money raised divided by the number of tokens for sale is equal to the auction price.
The final DGTX token price is determined when the token auction ends and is guaranteed to be equal or less than the price you entered at.
All buyers of DGTX tokens get the same price and the correct number of tokens will be distributed to each buyer at the end of the token auction according to how much ETH they sent in.
The token auction page will clearly show the current auction price and how much ETH has been raised so far and will calculate and display the forecasted final DGTX price.
Refer your friends and earn 30% of the ETH they spend in the token auction.
Token auction smart contract code has been fully audited by SmartDec.net and will be posted publicly on github before the token auction.
Register for the reverse auction -
https://digitexfutures.com/token-auction/More information on the buy back of tokens from the whale -
https://digitexfutures.com/dgtx-token-block-trade-on-feb-15th/Our CEO Adam Todd explaining the reverse auction -
https://www.youtube.com/watch?v=lHFXpaRAB3Q