DGE, developer of TMTG, plans to implement Payback System on Digital Gold Exchange Platform

News provided by

Digital Gold Exchange (DGE)

01 Aug, 2018, 03:51 ET

SEOUL, South Korea, Aug. 1, 2018 /PRNewswire/ -- On July 31st, DGE (CEO Captain Kwag), developer of cryptocurrency TMTG (The Midas Touch Gold), announced the plan to introduce a payback system on its cryptocurrency platform, Digital Gold Exchange.

DGE is a South Korea-based blockchain developer of the Ethereum-based cryptocurrency TMTG. TMTG can be used to buy MDG (Midas Digital Gold), which can be exchanged with actual gold bars.

In addition to TMTG, DGE is currently developing "Crypto Dino," a crypto game that uses TMTG. 

DGE's Payback System aims to return a portion of transaction fees to the users. DGE decided to implement this system to create an ecosystem that benefits both the developer and users.

DGE announced that, "Because the current platform is still being developed, the actual payback rate cannot be disclosed at this point. However, the payback will be shared from the net profit."

In this system, the users will be charged with a transaction fee first and the payback rate will be determined by the conditions set by DGE. The payback will be made to users' accounts in TMTG.

70% of payback will be made in installments to all the users who hold TMTG in their accounts. The payback rate will depend on the balance of each account. 30% of the payback will be made in installments based on a referral scheme.

However, the condition for the referral scheme is still in the process of finalization. DGE's policy developer stated, "Not all referrals will be eligible for payback. We will set minimum requirements, such as at least one or more transactions made by the referred."

DGE further explained, "Our payback system is more than just a promotional event. It will be set as one of our company policies. We will continue to develop policies that benefit us and the users."

TMTG began its listing on cryptocurrency exchanges, starting with IDCM, on August 1st and is expecting its listing on Coinsuper on August 16th.

SOURCE Digital Gold Exchange (DGE)

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.