Dev Update — 28 June

Laura Zhang

Published in

Digix Official Blog

5 min readJun 28, 2019

Events/ Interview Attended
DigixDAO Updates
Update of Partnerships
Reward Season
We Are Hiring

1. Events/ Interview Attended

27–28 June: Unbound InnovFest 2019

Innovfest Unbound is the anchor event of Smart Nation Innovations, a week-long series of events that showcase Asia’s most innovative developments. Digix is proud to be one of the six selected to take part in the Future of Finance Startup Battle at Innovfest Unbound. The Future of Finance Startup Battle relates to FinTech Abu Dhabi, organized by ADGM and powered by Unbound. Digix Business Development Manager Geoffrey gave a pitch talking about digitized gold on the blockchain, Proof of Provenance and Digix Business Model.

Geoff pitching at Innovfest Unbound-Future of Finance Startup Battle

2. DigixDAO Updates

This week, DigixDAO is approaching the end of Quarter 1 on 28th June 2019, 11 AM Singapore Time. This will also mark the start of the Locking Phase of Quarter 2.

During these 10 days of the Locking Phase, existing participants/moderators can do one of the operations mentioned below:

Lock more DGDs in DigixDAO while continuing participation
Continue participation in DigixDAO with their existing DGD stake
Withdraw partial or all DGDs from DigixDAO

Note that in option (3), an existing participant would cease to be a participant if they end up staking less than the minimum required DGDs to participate (which is set to 10 DGDs at the moment).

After having done one of those Ethereum transactions, DigixDAO participants will be able to claim DGX as a reward for their participation in Quarter 1. Users can refer to the DigixDAO UI guide to check on how to claim their DGX rewards.

In addition to that, Digix has successfully claimed their project for Gitcoin bounties. We have also open sourced the repositories for DigixDAO development on our Github page. In the coming days, Digix will be adding issues to the Gitcoin platform with bounties in DGX tokens for the community developers to work on them.

3. Update of Partnerships

For the past two weeks, Digix has formed various solid partnerships to expand the usability of our gold-backed token, DGX and governance token, DGD. Expanding the global map to Latin America, Europe and Southeast Asia through partnerships with Whisp.Money, Tangem, SeSocio and Constant respectively.

Whisp.Money

From providing payment accessibility and heightened security for customers, Digix has collaborated with Whisp to allow companies pay their employees on Ethereum with Digix Gold tokens, DGX or DGD and other ERC20 tokens.Whisp has provided a payroll solution which is fast, easy to use, affordable, no KYC required and provides financial freedom.

Tangem

Want to store DGX offline? With the Digix-Tangem card, DGX can be transferred from the customer’s digital wallet into the card or directly to other Digix-Tangem cardholders, this card has unlocked the fungibility of traditionally-illiquid asset classes, aiding in increasing the liquidity of assets and payment options. The exclusive smart cards are able to securely store DGX offline, eliminating the risk of hacking or online theft. The Limited Edition Digix-Tangem cards will be available exclusively at any Digix events.

SeSocio.com

Exploring into new user demographics, Digix has partnered with SeSocio.com to enable anyone in Latin America to buy investment grade gold backed tokens (DGX) on the blockchain to secure their financial future. By making DGX available in the Latin American region through SeSocio, we allow Latin Americans to diversify risk and store value in a different geographical region as a way to better preserve their personal wealth from inflation and political uncertainty.

Constant

The partnership enables Digix’s gold backed token, DGX, and DGD, DigixDAO’s governance tokens to be used as collateral on Constant’s network, strengthens the use-cases for peer-to-peer lending and highlights the stability of Digix’s gold backed tokens (DGX) as practical, safe representations of collateral.

4. Reward Season

Digix XPASS Card Reward

Beginning of June, we launched a Twitter campaign to reward our community with Limited Edition Digix XPASS cards, with the XPASS card, users are able to perform transactions using DGX over XPOS enabled-counter at over 100 merchants globally. As of today, we have received over 100 reward winners, all your cards are activated and good to use. We can’t wait to deliver them to you, our beloved customers.

Digix Loyal Customers Reward

High-value customers are always the reason why we strive to do the best, to show our appreciation to our loyal customers, we are rewarding a limited number of customized DGX smartcards with a certain number of pre-loaded DGX in it. Want to join our Loyal Customer Crew? Start with your first purchase here!

5. We Are Hiring

As we are expanding our team, there are several positions open for applications. Want to join us? Check out our open positions here: AngeList, TechInAsia, Glints or simply drop us an email at the bottom right corner of our website

We always appreciate feedback from the community on any angles, so do drop us a note or join our channels below: