DGTA Token: What Is It and How Is It Distributed?

DGTA is Digitra.com’s native token at the core of the Trade to Earn initiative and others. Learn more!

DGTA is a utility token created by the cryptocurrency exchange Digitra.com to benefit its clients and provide liquidity on the platform. The token is distributed as a reward through Digitra.com’s Trade to Earn program, where clients are paid to trade instead of being charged. Additionally, it is also distributed as a reward to users who refer the exchange through the Referral Program.

Read the DGTA Token Litepaper here!

What is the DGTA Token?

DGTA is an ERC-20 utility token launched by Digitra.com to create incentives and bring liquidity to the platform. It can also be classified as an exchange token, similar to other cryptocurrencies created by exchanges to offer exclusive benefits, with BNB being the most well-known in this category.

DGTA is the reward currency of the Trade to Earn program, a new trading model where clients are paid to buy and sell digital assets. Another program fueled by DGTA is Digitra.com’s Referral Program, which distributes 15,000 tokens daily: 12,000 to referrers and 3,000 to referees. Regardless of the number of referrals made that day, the 15,000 DGTAs are distributed, meaning one person can potentially receive the entire amount as a referrer or referee.

With a maximum supply of 300 million tokens, Digitra.com initiated a monthly token burn plan in 2024, starting with 1 million tokens burned each month. The goal is to continue the burn plan until 50% of the total DGTA supply is burned, as outlined in the project’s Litepaper.

How Does DGTA Incentivize Liquidity on Digitra.com?

To create liquidity, cryptocurrency exchanges typically hire paid market makers to create artificial liquidity in order books. Market makers buy and sell assets on the exchange with a certain spread, ensuring the order book reflects reasonable prices aligned with the broader market. This is crucial because the price of a digital asset varies across exchanges, depending on the platform's liquidity. Generally, the price tends to follow the market average if the platform has reasonable liquidity.

Digitra.com has taken a different approach compared to other exchanges. Instead of charging for the liquidity provided by market makers, it rewards each user who trades on the platform with its token, DGTA. This approach is known as the "Uberization of market making." Every trade made on Digitra.com contributes to the platform’s liquidity, benefiting all users.

Therefore, Digitra.com rewards its users for every trade they execute. This combined initiative is known as Trade to Earn. Let’s explore this in more detail!

How Does the Trade to Earn Program Work?

Rewarding clients with DGTA tokens starts as soon as they open an account. The new client incentive offers a certain amount of DGTA tokens to all new clients once they complete account verification. Another way to accumulate DGTA tokens on Digitra.com is by trading. The exchange pays clients to use the exchange, so each trade generates a DGTA rewards. Every day, Digitra.om distributes 15,000 DGTA tokens to those who bought or sold any crypto on the platform. You win based on the volume you traded that day, which will be allocated proportionally to the total volume operated that day and your participation in it. And you also win if you make at least one trade, regardless of how much that means.

25% of those tokens will be distributed equally among those who traded that day. The other 75% of those tokens will be distributed based on the volume of trade on that day. Therefore, the more clients trade, the more they can earn.

Learn more about Trade to Earn here!

How to Accumulate DGTA Token?

There are other ways to accumulate more DGTA tokens by taking advantage of Digitra.com initiatives, such as the DGTA AirDrop for new clients, Crypto Dividends, Referral Program, Liquidity Provider and community events. Understand each one:

Airdrop for New Digitra.com Clients

Digitra.com offers an Airdrop program for new clients who register on the platform. Every user that opens and verifies an account on the Digitra.com platform can earn up to 2,400 $DGTA tokens for free. Learn more!

Crypto Dividends

Crypto Dividends involve Digitra.com remunerating all clients who use the platform to store their digital assets with a portion of its revenue from fees. The more clients trade on Digitra.com, generating more fees, the higher the dividends paid.

These amounts are paid monthly in the cryptocurrency the client holds in their balance. For instance, if you have Bitcoin in your Digitra.com wallet, you will receive dividends in Bitcoin every month, derived from Bitcoin trading fees on the platform.

The value distribution is proportional to the volume of cryptocurrencies held in the wallet—the more cryptos you have, the higher the dividend payment.

Learn more details about Crypto Dividends!

Referral Program

You can earn DGTA by simply inviting friends, family, followers, or anyone you wish to open an account on the platform using your referral code or link. Every day, we distribute DGTA token for referees and referrals. Check here how many DGTAs you can get!

Check the rules:

1. The person you are referring must use your code during the account opening process. If they create an account without using your code, the process cannot be undone.
2. The referred person needs to open an account, verify the Standard Account on the platform, and complete $5 in trades. This volume can be achieved in various ways, such as buying the equivalent of $5 in any currency or buying and selling 10 times the volume of $0.50 in each trade, for example. The important thing is that the total transaction volume (including buying and selling of assets) adds up to $5. It is not necessary to deposit this amount on the platform.

Liquidity Provider

At Digitra.com, each Market Maker's buy and sell order of cryptocurrencies generates rewards for liquidity providers. Whether you're an experienced investor or just starting in the crypto world, our Liquidity Provider program can be a great opportunity to earn passive income.

Market Makers place orders in the order book and help create liquidity. They are known as Liquidity Providers and earn rewards from the trading fees collected by Digitra.com.

You can also become a liquidity provider and earn daily income by placing trading limit orders on the platform. Market orders do not qualify as they are considered market taker orders.

Learn more about the Liquidity Provider program!

Giveaways and Contests of Digitra.com Community

Digitra.com also frequently hosts various giveaways and contests for its community members. These competitions provide an opportunity for users to earn DGTA tokens by participating in specific tasks or achieving specific goals. The exchange typically rewards the winners of these competitions with DGTA tokens or other crypto assets. You can join Digitra.com on Telegram!

How Many DGTAs Will Be Burned? Understanding the Token Burn Policy

Starting in June 2024, 1 million DGTA tokens will be burned every month. This is part of Digitra.com’s announced burn plan until 50% of the total supply is burned. This burn plan includes units repurchased by Digitra.com and units from fees paid by platform clients. In the first four months, 4 million DGTA tokens will be burned, with 1 million burned each month. Learn more about the buyback and burning strategy and what motivates Digitra.com to reduce DGTA’s market supply.

Conclusion

In summary, DGTA’s tokenomics provide several benefits, especially for early Digitra.com clients. Those already securing their DGTAs by opening accounts and trading on the platform are gaining a significant advantage in the market. Additionally, with the burn policy, Digitra.com aims to increase the value of tokens in circulation by creating scarcity.

Open your account now at digitra.com and trade cryptocurrencies with many benefits!