It is a cryptocurrency platform that uses blockchain technology so that users can buy and sell through future contracts in Bitcoin, Ethereum and Litecoin, without transaction fees. The negotiation without commissions is possible thanks to the creation of the exchange cryptocurrency, called DGTX token. Therefore, users must have DGTX tokens to participate, and Digitex eliminates the transaction fees in the exchanges and covers the costs of executing the exchange by creating and selling a small number of new DGTX tokens.
The futures and commission-free futures markets in a stable, fast and secure trading platform will attract a large number of users who must buy DGTX tokens to participate, creating a greater demand for DGTX tokens that compensates for the small inflationary cost of creating new tokens.
• The main characteristic is that transaction fees are eliminated.
By using its own native cryptocurrency, called the DGTX token, the exchange covers costs by minting new tokens instead of charging transaction fees on trades.
• The creation of a token based on Ethereum called DGTX token. That token is used as the currency of the exchange, which means that all profits, losses, margin requirements and account balances are denominated in DGTX tokens.
Digitex will create new DGTX tokens approximately every 2 years. It is the creation of such tokens that will allow the exchange to operate without the need for transaction fees.
During the initial token sale, 1 billion DGTX tokens will be created. No new tokens will be created during the first two years after launch. Of the total supply, 700 million (70%) are distributed during the sale of the token. 20% is reserved for the Digitex market makers; and 10% is reserved for the team.
Digitex will have a predefined and democratically controlled inflation model with respect to the issuance of new tokens.
The DGTX token is an ERC223 token built on the Ethereum blockchain. The "Digitexprotocol token" allows users to buy or sell futures contracts in the exchange. To buy or sell futures contracts, you need to have an extra DGTX balance sufficient to cover your possible losses. This is because the tilde value of each Digitex futures contract is 1 DGTX token, which means that all gains and losses are denominated in DGTX tokens.
ERC223 is a modern token standard that has cheaper rates and protects investors from the loss of tokens. The existing ERC20 tokens can be updated to ERC223.
Digitex aims to interrupt the cryptocurrency futures exchange market by creating an exchange without transaction fees for both creators and policyholders. Instead of generating revenue through transaction fees, Digitex will generate revenue through the publication and annual sale of DGTX tokens. As the volume of operations on the platform increases, it is expected that the supply and demand of DGTX tokens will increase considerably.
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