DIGEX
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DIGEX

Digex
Cryptocurrency
Website https://digex.io/
Browser
OTH RELPs
Github
White Paper
DIGEX Avg Price
0.00%
1D

$ 0.00002209 USD

$ 0.00002209 USD

Market Cap

$ 460,663 0.00 USD

$ 460,663 USD

24h trading volume

$ 36.01 USD

$ 36.01 USD

7d Vol

$ 250.87 USD

$ 250.87 USD

Circulating supply

0.00 0.00 DIGEX

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.00002209USD

Market Cap

$460,663USD

Volume of Transaction

24h

$36.01USD

Circulating supply

0.00DIGEX

Volume of Transaction

7d

$250.87USD

Change

24h

0.00%

Number of Markets

5

Github Messages

More

Warehouse

None

Github's IP Address

[Copy]

Codebase Size

1

Last Updated Time

2020-12-08 18:58:57

Language Involved

C++

Agreement

--

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DIGEX Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+4.92%

1Y

+381.31%

All

-97.48%

Aspect Information
Short Name DIGEX
Full Name Digex
Founded Year 1994
Main Founders Laurence A. Canter ,George H. Lorin, III
Support Exchanges Binance,Coinbase
Storage Wallet Web Wallets,Desktop Wallets
Customer Support 24/7 customer support via live chat, email, and phone

Overview of Digex(DIGEX)

Digex (DIGEX) is a type of cryptocurrency that operates on the Ethereum platform. Launched in 1994, DIGEX emphasizes automated exchange functionalities and attempts to reduce the role of human intervention in trading processes by providing traders with customizable bots. It uses smart contract technology for trade automations, formations of derivative contracts, and dividend distributions. Unique in its provision of zero-fee transactions, DIGEX's design includes a variety of features meant to enhance trading such as a risk-free demo mode, following successful traders, daily contests, cashback, and staking rewards. Like all cryptocurrencies, the price of DIGEX is subject to market dynamics and other external factors.To obtain more information, you can visit their website:https://digex.ioand try to log in or register to use more services.

logo

Pros and Cons

Pros Cons
Automated exchange functionalities Dependent on Ethereum platform
Zero-fee transactions Cryptocurrency value susceptible to market dynamics
Trading enhancement features Requires understanding of bot customization
Smart contract technology Limited information about founders and supporting exchanges
Risk-free demo mode

Pros of Digex (DIGEX):

1. Automated Exchange Functionalities: DIGEX offers automated trading through the usage of customizable bots. These bots can execute trades based on preset criteria, reducing the need for continuous tracking and manual execution, thus potentially increasing efficiency.

2. Zero-Fee Transactions: Unlike most other platforms that charge transaction fees, DIGEX operates on a zero-fee trading model. This means that traders can carry out transactions without incurring any direct costs, potentially maximizing net gains.

3. Trading Enhancement Features: To assist users in making effective trade decisions, DIGEX offers several supportive features, including a risk-free demo mode and the ability to emulate successful traders.

4. Smart Contract Technology: Digex uses smart contract technology for automating various tasks. This technology enables functions such as trade automation, formation of derivative contracts, and dividend distribution.

Cons of Digex (DIGEX):

1. Dependency on Ethereum Platform: As DIGEX operates on the Ethereum blockchain, its performance, abilities, and sometimes, even its stability, can be tied to the Ethereum platform. This brings about a level of uncertainty as any issues with the Ethereum platform can directly impact DIGEX's operations.

2. Market Dynamics: Like all cryptocurrencies, the value of DIGEX is susceptible to changing market conditions. Factors such as the overall performance of the crypto market, regulatory news, and trader sentiment can influence its price, introducing a degree of volatility and risk to its valuation.

3. Requirement of Bot Customization Understanding: While the ability to use customizable bots can be advantageous, it also necessitates a level of expertise to use them effectively. Users will need to understand how to preset the criteria for the bots to execute trades.

4. Limited Information: There is limited information available regarding the main founders and the exchanges supporting DIGEX. This lack of transparency can make it challenging for potential investors and users to have a comprehensive understanding of the company's background, its management team, and its overall operations.

What Makes Digex(DIGEX) Unique?

Digex (DIGEX) introduces several innovative features that distinguish it from other cryptocurrencies. One of the most notable characteristics is its zero-fee transaction model. While most cryptocurrencies involve transaction fees, DIGEX eliminates these, which can allow for more potential gains from trading.

Additionally, DIGEX stands out with its emphasis on automation and efficiency. This cryptocurrency offers automated trading functionalities through programmable bots, which allows traders to set criteria for trades to be automatically executed. This automation reduces the need for human involvement and makes the trading process more efficient.

Another unique feature of DIGEX is the integrated smart contract technology. This technology enables automatic executions of trade contracts, dividend distributions, and other functions, taking the concept of automation a step further.

Unlike many other cryptocurrencies, DIGEX also provides a risk-free demo mode for its users, which allows them to practice trading strategies without financial risk. This feature can be particularly beneficial for newcomers in the field of crypto trading.

Despite these distinctive features, it's worth noting that DIGEX operates on the Ethereum platform, and as such, it shares some of the strengths and weaknesses of this platform. Additionally, as is the case with all cryptocurrencies, the value of DIGEX is subject to market volatility and other external factors.

Price of Digex (DIGEX)

price

How Does Digex(DIGEX) Work?

Digex (DIGEX) operates primarily on the Ethereum blockchain platform. It utilizes the concept of smart contracts, a vital aspect of blockchain technology, to facilitate various functions. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They work on the 'if-then' principle, which means if the predefined conditions are met, then the contract is automatically executed.

One of the primary functions facilitated by smart contracts in the DIGEX ecosystem is automated trading. Traders can create customizable bots to conduct trades on their behalf. These bots operate based on criteria preset by the trader— such as the execution price point, the volume of the operation, and more— and perform trades when those conditions are met. Along with regular trades, the platform also supports derivative contracts formulated and executed via the smart contract mechanism.

Furthermore, DIGEX allows for dividend distributions through the smart contract functionality. Holders of the DIGEX token are entitled to receive dividends, which are automatically distributed between the holders when the conditions laid out within the smart contract are met.

DIGEX also stands out for its implementation of a zero-fee model, meaning there are no transaction charges for trades conducted on the platform.

To assist traders, the platform offers additional features such as a risk-free demo mode for users to practice strategies, an option to follow successful traders, and staking rewards. While these features are designed to support trading and enhance user experience, they also illustrate the expansive and versatile use of smart contract technology in the platform's operations.

It's important to note, however, as with all cryptocurrencies operating on a specific platform, any limitations or issues related to the Ethereum platform could impact the efficiency and execution of DIGEX's operations.

Exchanges to Buy Digex(DIGEX)

Getting precise information on exchanges supporting Digex (DIGEX) along with the specific currency and token pairs can be a challenging task due to the dynamic environment of cryptocurrency exchanges. However, as a token operating on the Ethereum platform, DIGEX is typically bought using Ethereum (ETH). Usually, ETH is paired with DIGEX for trading on exchanges.

Here are some exchanges where Ethereum-based tokens, like DIGEX, might be available:

1. Binance: One of the largest and most popular cryptocurrency exchanges globally, Binance often supports a wide array of Ethereum-based tokens. Currency pairs commonly include ETH/BTC, ETH/USDT, ETH/BUSD, and many others.

2. Coinbase: This is an easy-to-use platform that offers a range of cryptocurrencies for trading. It commonly pairs Ethereum-based tokens with ETH, BTC, and USD.

3. Kraken: Known for its security features and a vast range of supported cryptocurrencies, Kraken may offer Ethereum-based tokens. Possible currency pairs might include ETH/EUR, ETH/USD, and ETH/JPY.

4. Uniswap: As a decentralized trading platform, Uniswaps main pairings are with ETH. Generally, all tokens on Uniswap can be traded with ETH.

5. Sushiswap: It is similar to Uniswap. It is a decentralized exchange enabling users to swap any Ethereum-based token for another, with ETH being a common pairing.

Note: The availability of DIGEX on these platforms and the exact pairs supported could vary and are subject to change. Therefore, it is wise to verify this information on the respective platform's official website or contact their customer service directly. This provided list is for informational purposes and in no way guarantees the availability of DIGEX on these exchanges.

exchange

How to Store Digex(DIGEX)?

As Digex (DIGEX) is a cryptocurrency that operates on the Ethereum platform, it can be stored in wallets that support Ethereum-based tokens (which follow the ERC-20 token standard). Here are some wallet types suitable for storing DIGEX:

1. Web Wallets: Web-based wallets or online wallets allow users to access their cryptocurrencies from any device with internet connectivity. These wallets provide convenience, but users should be aware of their vulnerability to online hacking and phishing attempts. A popular example of this type of wallet is MetaMask.

2. Desktop Wallets: Desktop wallets are applications that you download and install on your computer. They offer more security compared to web wallets because they are less likely to get affected by online hackers. Wallets like Exodus or Atomic Wallet could be used.

3. Mobile Wallets: These are similar to desktop wallets but are designed to work on smartphones. They provide a good balance between security and convenience, allowing users to access their cryptocurrencies on the go. Examples include Trust Wallet and Enjin Wallet.

4. Hardware Wallets: These are regarded as the most secure wallets for storing cryptocurrencies. Hardware wallets are physical, electronic devices that store cryptocurrencies offline, making them resilient to online hacking attempts. Wallets like Ledger and Trezor can store Ethereum based tokens.

5. Paper Wallets: While becoming less common due to their decreased convenience compared to other options, paper wallets are one of the most secure ways to store cryptocurrencies as they involve printing out a public and a private key on a piece of paper.

Before deciding on a wallet, it's important for users to balance their need for security against the convenience they require. Storing any cryptocurrency, including Digex, involves significant responsibility, and users must ensure that whichever storage method they choose aligns with their personal needs and capacities.

Should You Buy Digex(DIGEX)?

Digex (DIGEX) might be appealing to a variety of crypto investors for several reasons.

1. Active Traders: Given it emphasizes automated exchange functionalities and oriented features for traders, DIGEX may be of interest to active traders, especially those interested in utilizing automated bots for executing trades.

2. Zero-fee Enthusiasts: Additionally, investors who are looking for zero-fee trading options might find DIGEX attractive since it aims to provide zero-fee transactions.

3. Technology Enthusiasts: Investors interested in the broader Ethereum ecosystem and in smart contract technology may find DIGEX appealing, given its operation within the Ethereum-based platform and its usage of smart contracts for trade automations and dividend distributions.

4. Risk-averse Beginners: With the risk-free demo mode, DIGEX could be suitable for beginners wanting to practice strategies before trading with real money.

As for advice, below are some objective and professional recommendations:

- Do Thorough Research: Before buying any cryptocurrency, including DIGEX, its essential to conduct thorough research into the project's vision, the team behind it, its underlying technology and use cases, its market performance, and more.

- Consider Market Volatility: Cryptocurrencies are known for their potential high returns, but they're also highly volatile. This means the price might rise or fall significantly in short time frames. Be prepared for this volatility, only investing what you can afford to lose.

- Security is Paramount: Ensure that you have a secure wallet for storing your DIGEX if you decide to purchase some. Keep your private keys safe and never share them with anyone.

- Stay Updated: Once invested, try to stay updated with news and updates regarding DIGEX and the cryptocurrency market in general. Market sentiment and news can have a substantial impact on prices.

- Seek Professional Advice: Finally, if you're uncertain about whether to invest in DIGEX, it might be helpful to consult with a financial advisor who understands cryptocurrencies. They can provide personalized advice based on your financial goals and risk tolerance.

Conclusion

Digex (DIGEX) is a cryptocurrency that operates on the Ethereum blockchain and emphasizes automated exchange functionalities and zero-fee transactions. It attempts to reduce human intervention in the trading processes, employs smart contract technology for various automations, and offers features like a risk-free demo mode. Much like all cryptocurrencies, DIGEX is subject to market dynamics and may experience volatility.

Its development prospects can be gauged by considering the value it offers with its innovative features such as automated bots and zero fees, and its technology integration in the form of smart contracts. However, these prospects also depend on the Ethereum platform's continued success, as DIGEX relies on it for operation.

As for its potential to make money or appreciate, like most cryptocurrencies, the value of DIGEX is not guaranteed and can fluctuate due to various factors. Potential investors should conduct thorough research and understand that while DIGEX may provide traders with additional tools and functionalities, the return on investment will still largely depend on market variables and individual trading decisions. Therefore, Digex, like any other investment, carries risks, and investors should proceed cautiously.

FAQs

Q: What does DIGEX stand for in the context of cryptocurrencies?

A: DIGEX is the abbreviation used for Digex, a cryptocurrency that operates on the Ethereum platform.

Q: Where can I store my Digex tokens?

A: Digex tokens can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask, Trust Wallet or hardware wallets like Ledger and Trezor.

Q: Does Digex charge transaction fees?

A: No, Digex is unique in its provision of zero-fee transactions.

Q: Is DIGEX a token or a coin?

A: DIGEX is a token that operates on the Ethereum blockchain.

Q: What is the function of smart contracts in Digex?

A: In Digex, smart contracts enable trade automation, formation of derivative contracts, and distribution of dividends.

Q: How does trading automation work in Digex?

A: In Digex, users can set predefined criteria for customizable bots that will execute trades automatically when those conditions are met.

Q: Who would most likely be interested in Digex?

A: Active traders, zero-fee enthusiasts, Ethereum and smart contract technology enthusiasts, as well as beginners who wish to practice strategies using a risk-free demo mode, might find DIGEX appealing.

Q: How can I buy Digex?

A: You can buy Digex on exchanges that support Ethereum tokens, but it's essential to check these exchanges' official platforms for specific details and availability.

Q: Does the value of Digex fluctuate?

A: Yes, like all cryptocurrencies, the value of Digex can fluctuate significantly due to market dynamics and external factors.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

DIGEX Market

User Reviews

More

13 ratings

Participate in evaluation
TuanNgu90714810
The merchant acceptance of DIGEX Adoption lacks practicality and long-term potential, falling short in market demand and user engagement.
2024-07-05 11:10
0
Rahamani Olabode
The community developer support content lacks depth and engagement, falling short of expectations in terms of guidance and involvement, leaving room for improvement in overall user experience and satisfaction.
2024-03-22 14:35
0
Phanupan Phopan
The volatility of the content is concerning, with potential risks and uncertain long-term potential. Fans of high-risk investments may find it appealing.
2024-06-11 16:30
0
ᴅᴇxᴛᴇʀ
Interesting audit findings revealed by Security audit reports for DIGEX, highlighting strengths and weaknesses. Detailed insights provided, offering transparency and assurance to the community.
2024-03-19 12:01
0
Hendra Susanto
Interesting project with a strong team and growing community support. Exciting potential for real-world adoption and market demand. Keep an eye on this one for future growth.
2024-05-31 08:34
0
pop591
The security audit reports for DIGEX are comprehensive and thorough, providing a detailed analysis of potential vulnerabilities and risks. The findings reveal a strong commitment to ensuring the safety and integrity of the platform. The community can trust in the measures taken to protect their investments and data.
2024-05-29 13:34
0
David Chow
The scalability of this technology is impressive, offering promising solutions to real-world problems and meeting market demands. With a strong focus on blockchain and consensus mechanisms, it has the potential for sustainable economic growth and secure transactions. The team's expertise, transparency, and track record add to its credibility, while the active community support and developer engagement drive its adoption and usage. Overall, the project stands out in a competitive market, showing potential for long-term growth and value creation.
2024-03-28 15:07
0
hs tan
The team's transparency is impressive, providing a clear view of their achievements and experience. Their track record and honesty shine through, instilling trust in the community. Exciting to see their commitment to openness and accountability.
2024-03-21 14:54
0
Tico Nabuthzu Hiko
The team behind DIGEX has a proven track record in the industry, showcasing expertise, transparency, and a strong reputation. Their experience and performance set them apart from others, instilling trust within the community and attracting active developers. With a focus on security and long-term sustainability, DIGEX has the potential to make significant strides in the market.
2024-03-07 18:41
0
YChia 彭
The regulatory environment for DIGEX is steadily evolving, with potential impacts on the project's future. An in-depth analysis reveals a dynamic landscape filled with challenges and opportunities. The evolving regulatory framework adds a layer of complexity, but also sets the stage for innovation and growth. Overall, regulatory developments play a crucial role in shaping the project's trajectory and potential success in the market.
2024-06-30 10:35
0
Steve Tang
Innovative blockchain technology with strong scalability potential and robust consensus mechanisms. Promising market demand and real-world applications. Experienced team with transparent track record. Active user and developer adoption. Sustainable token economy with fair distribution. Secure with minimal vulnerability history and trusted community. Well-positioned in current regulatory landscape. Unique competitive edge and strong community engagement. High volatility with significant long-term growth prospects. Impressive market value and liquidity, backed by solid fundamentals and organic growth.
2024-05-24 16:24
0
Hoàng Hải93193
Impressive tech, strong team, growing community trust. Potential for real-world use, high demand. Economic model sustainable, solid security measures. Future regulatory concerns, competitive edge maintained. Exciting volatility, promising rewards ahead.
2024-04-20 07:49
0
Chua Sing Yee
Innovative blockchain technology, strong consensus mechanism, and impressive anonymity features. Practical applications solving real-world problems and meeting market demand. Experienced team with a transparent track record. Growing user base and developer activity. Tokenomics set for sustainability with fair distribution. Robust security measures and community trust. Future regulatory impact considered. Standout competition and unique selling points. Engaged community, developer support, and effective communication. Historically stable prices, manageable risks, high long-term potential. Booming market value, liquidity, and fundamental strength over speculation.
2024-03-29 16:40
0