Digitex Futures Exchange is causing quite a stir in the crypto community because of the unique business model they have chosen to take on and the confidence of the team in succeeding in their mission after extensive research into the needs of crypto investors.
By using blockchain technology, transaction fees will be gone, account balances decentralized, and the blockchain will govern itself without needing anyone to watch it.
Digitex token, DGTX, will be created each year and sold instead of the need for charging fees on crypto trades. This process should create sustainability for the exchange that other exchanges have yet to achieve thus far.
Crypto traders have always speculated on the price of Bitcoin against fiat currency but now trading profits or losses can be paid out in Digitex tokens. Traders on the Digitex exchange will need Digitex tokens in order to execute trades so there becomes a natural demand for them. For more information, check out the whitepaper here
A Unique CEO
This company has a unique perspective of the marketplace because their CEO, Adam Todd, is a former pit-trader for the London International Financial Futures and Options Exchange (LIFFE). His greatest desire during his time there was to cut commission costs for investors.
How many professional traders do you know that want something like that? Doubtful that there are too many that think this way.
“The futures trader’s Utopian dream of a commission-free exchange is now a reality.”- Adam Todd
Learn more about his vision from this video:
After leaving the world of pit trading, Todd founded BetTrader 14 years ago, a ladder trading interface connected to Betfair.com, the world’s biggest betting exchange. He has been credited with being one of Betfair’s most successful sports traders in the history of the company, one time going 8 whole months without a losing day! So, he has very unique experience that he is bringing to the table.
Where to get Digitex Tokens
This exchange has not yet been launched but is expected to be live by the end of 2018. Until then, the Digitex Token (DGTX) is available on Mercatox using Ethereum or Bitcoin and will be on HitBTC soon with trading being available via Bitcoin, Ethereum, or USDT.
Join the airdrop here and get your own link to share with your friends in order to skip ahead in line and win extra tokens!
6,000,000 DGTX will be given away during the launch! And these are free just for signing up to the exchange before it's launched.
Here are the official contest rules for the airdrop (straight from the airdrop website):
Is DGTX Token Considered to be a Security?
One major question on the minds of most crypto investors is always whether or not a coin or token is considered to be a security or not because this changes the taxes that are or are not paid on cryptocurrency. (I am not a financial or tax advisor so I will not offer advice on either in this post, please do your own research and make educated decisions.)
According to the airdrop website, DGTX token is a utility token and not a security. A utility token is one that is used as a native currency on the exchange and not as an investment like a security would be.
About DGTX
Digitex token is already listed on CoinMarketCap and holds steady at Rank 72 at the time of this writing. That is a pretty good standing for a token that is not necessarily active at the moment! It is possible that this presents a unique buying opportunity for anyone looking to get into it before the impending launch of the exchange.
Currently, there are 2,053 different coins/tokens listed on CoinMarketCap with a total market cap of over $209,970,000,000. Digitex token holds $86,263,000 market cap with over $660,000 24 hour trading volume. The current price of one token in USD is $0.12. These are all aspects that should be carefully considered by potential investors looking at a new cryptocurrency for the first time.
How is this exchange different from the countless others available to crypto traders?
There are plenty of crypto exchanges available and it can be difficult to choose one that will meet your needs. Yes, Digitex offers zero commissions but what else makes it stand out?
Check out the video here:
The interface seems easy to use and you are given probably the most accurate price of Bitcoin available by using the average of the top 50 exchanges in the world in real time. Accurate data is paramount to avid traders!
Buy and sell positions are easily laid out and easy to read in small tick sizes that make it manageable to follow what the market is doing. The ladder trading makes it one-click easy to make trades quickly as the volatility of the coin rapids cycles.
It take a lot to impress me because I have used many different exchanges and have my favorites but the ease-of-use for this one looks very tempting and I am looking forward to trying this out for myself!
Check out Digitex and let me know your thoughts! Can you see yourself using this one or do you have an exchange that you prefer to use for futures trading?
Keep up-to-date with what is going on by following on social media!
- Website:http://www.digitexfutures.com
- Twitter:@digitexfutures
- Facebook:@digitexfutures
-Telegramhttps://t.me/digitexfutureschat
- Reddithttps://www.reddit.com/r/DigitexFutures/
Thanks for reading!