Promo week conclusion

We concluded our first promo week event last week from 23–27 July, where we slashed premiums by up to 85%. This has brought increased sales, new traffic and new customers.

We are glad to announce that this first promotional event went well and are thankful for everyone’s support. We have other upcoming promotional events in the pipeline, so do keep a lookout for these and we will share on our respective channels in due course.

DGX Kryptono Competition

We have reached the mid way point of the DGX Competition on Kryptono Exchange. There have been impressive 24h trading volumes, reaching highs of more than 810ETH. The first centralised exchange listing of DGX has shown extremely positive results so far and is a great sign of things to come.

Just a reminder — with over 300g worth of digital gold to be won, there are still plenty of DGX up for grabs!

Carbon Voting

The DigixDAO Governance Update #8 later this evening will detail the tutorial and contain step-by-step approaches on how to conduct the Carbon Vote for the upcoming 2 parameters, Reward Pool for Moderators and also the minimum number of DGDs required to be a Moderator.

More details can be found in our DigixDAO Governance Update #8.

Outreach and community building

Nifty in Hong Kong

Nifty.gg, the world’s first dedicated conference for blockchain gaming and Non Fungible Tokens was held from 24 to 26 July at the Cyberport conference venue of Hong Kong. Shaun was speaking on a panel alongside Codex, EY and 0xCert on the future potentials of NFTs and why Digix’s vision for asset tokenisation aligns with the NFT space.

The event was organized by Kenetic Capital, Decentraland and part sponsored by Cryptokitties.

Wholesale Australia Investors’ Conference in Sydney

Our CEO, KC Chng, is out to Sydney this week for a presentation at an event organised by Wholesale Investor. Wholesale Investor is Australasia’s leading private investment platform which connects high net worth and professional investors with private businesses.

imToken2.0 Launch event in Singapore

imToken2.0 event was held this afternoon (31 July) at The Arts House in Singapore, where imToken unveiled their new plans and initiatives at imToken 2.0 app, and their mobile based 0x-protocol exchange.

Shaun sat alongside Matthew Tan (Founder / CEO of Etherscan), Michael Wu (Founder Amber.ai), Loi Luu (Founder / CEO of Kyber), Ben He (Founder / CEO imToken), Chao Pan (Economic Researcher at MakerDAO) for the highlight panel of the afternoon on Decentralized Exchanges and the role of stablecoins.

July email newsletter

As mentioned before in our previous updates, we have begun rolling out our revamped email subscription service. We sent out several mailers on the various campaigns that we ran throughout July, so if you had subscribed to our subscription service, you would have received these mailers during the month.

We will also be pushing out a monthly update (at the end of each month) through these mailers, in which we summarise the updates that occur throughout the month.

The next upcoming one will cover the developments in July, so do stay tuned for it as it hits your inboxes by end of this week! If you haven’t subscribed to our newsletter, do head over to our website at https://digix.global to subscribe for regular updates!

FAQs gathered over the past week:

Q) What are DGX premiums?

DGX, a gold backed token that represents 1 gram of gold, has premiums layered on top of the price. Premiums are defined as Price of DGX, less the spot XAUUSD gold price.

Q) What is the insurance policy at Digix’s vaults and the agreement certificate to them?

Digix has a vaulting relationship at The Safe House Singapore, a wholly owned subsidiary of Silver Bullion. The vaults at TSH are insured by Chubb Singapore insurance for a coverage sum of SGD 300 MM, which covers clauses like physical loss, damage, terrorism, mysterious disappearances amongst others.

A scanned copy of the certificate can be downloaded here: https://www.silverbullion.com.sg/Report/TshInsuranceCertificate

Q) Why is r/digix not open to the public for posting?

We have heard the community’s feedback that Reddit should be one of the strongest social forum platforms for interaction amongst the community members and with Digix. We have re-activated our Reddit channel and will look to be more engaged in the near future!

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