Digitex Futures Exchange - The Future Of Futures Exchange

What are Futures ?

Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash.

In short Futures are one kind of agreement between Buyer & Seller in which they will trade according to agreed price. These kind of contracts traded on special exchanges which is called Futures Exchanges. In crypto there are some popular exchanges like BitMax, Kraken & Cryptofacilities(There are many but these are some popular exchanges).

There are 2 kind of contracts or potion in future contracts :

Long
Short

In Long, you agree to buy specific cryptocurrency in the future at specific price and in Short you agree to sell specific cryptocurrency in the future at specific price.

Now when we Long or Short on these contracts at the end we need to pay transaction fees to these exchanges. Obviously in Futures trading or Normal trading we need to pay transactions fees and it's necessary for them to stay operational, for maintenance etc.

Now if I tell you that there is one amazing Futures exchange which will not take any transaction fees from you - I am not kidding guys it's true "NO TRANSACTION FEES" . Digitex Futures Exchange is the exchange where you can trade Futures contract without any transaction fees. Now anybody will have obvious question in mind that how it is possible that they will not take any fees ? If they will do that how they will be operational ? How they will cover maintains and all.

Digitex Futures Exchange came up with unique idea where they will npt charge any fees to user and they will get their fund for operating, maintenance and other stuff. That unique idea is DGTX Token. Yes to cover all things the DGTX holders will decide how many new DGTX Tokens are issued to cover the operational expenses and other stuff. This way user don't have to worry about transaction fees and DGTX will get necessary fund via DGTX. Digitex Futures Exchange came up with this "Win-Win" formula so users can save lots of money or profit which they are loosing with the name of commission or transaction fees.

Now if you are new to this concept and thinking what is big deal about transaction fees - in case you don't have any idea how much they charge. There is one example given in Digitex Futures Exchange's Whitepaper.

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After above screenshot I don't think I don't have to explain what Digitex Futures Exchange is offering us. In above example if we compare and trade equal value on Digitex Futures Exchange as we are doing on BitMEX then we will get pure profit of 400%.So based on this easy example anybody will understand that how transactions fees are the bigger factor in Future contracts and how Digitex Futures Exchange will benefit us.

Main Difference between Digitex Futures Exchange VS Other Futures Exchanges.

No Transaction Fees
Get huge profit by not paying transactions fees (compare to other Futures exchanges)
Pure Decentralized Business Model
Because user will decide the operational cost (DGTX Token Holders will decide by voting).

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Digitex Futures (DGTX)

Market Cap/ Total Supply / Circulating Supply - According to CoinMarketCap

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All time Chart - According to CoinMarketCap

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Digitex Futures Markets - According to CoinMarketCap

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If you see above images closely then you will see that it Ranks at 181 at the moment when I am writing this article. There are 1960 Cryptocurrencies listed at the moment on CoinMarketCap and it shows Rank 181. In this short time of period it already achieve pretty amazing milestones. Think what it will achieve in next year and after that. Not only in Ranking but at this moment in they are providing amazing features without any fees then there will be so many amazing features that we will see in future for sure.