If we talk about exchanges, in reality there are many that exist today, there are all types, for all different tastes. All offer, security, speed and low costs. In many cases, we have very good exchanges, but their commissions are so high that they limit the participation of any subject that moves small amounts. One of the things complained by the users is the amount of transactions fees taken by the service providers, both as money exchange institutions, and exchange as a place for the transaction of Crypto Money. Thanks to Digitex, all investors from the smallest to the big whales will now invest in their minds without question marks.
For Starters, What Exactly Is Futures Trading?
Before continuing to talk about the DIGITEX issue, it is important to clarify certain terms so that you can more easily understand the benefits that I am talking about. Futures trading, as opposed to spot trading, is a contract between a buyer and a seller to buy and/or sell a commodity at a specified future date and price. It implies buying or selling a commodity at its future price. Futures trading involves speculating on the future price movement of a commodity (e.g. crude oil, gold, silver; and in this case, Bitcoin, Ethereum, or Litecoin) against the US Dollar, and taking a profit (or loss) if the price moves in favor (or against) the speculated quote.
What is Digitex Futures Exchange?
Digitex is the first, commission free Futures Exchange on the blockchain. It has an avenue for traders to buy and sell future contracts on Ethereum(ETH), Bitcoin(BTC), and litecoin(LTC) against the US dollar. Traders on Digitex can take part in liquid and commission-free market and without necessarily having doubt on the exchange of their capitals, where by giving the traders full control of their account unlike the traditional means of exchange where users abandon having full access to their account.
Some good questions may be:
How can an exchange be free?
How does it stay operational?
Who pays for maintenance?
Who makes the decisions?
How does this impact token price and economy?
Creating an ERC-223, compatible with Ethereum token of name DGTX, will be used to move the collection of commissions and all lost, profit and type of payment will be translated in DGTX, because it will be the native currency of Digitex Futures Exchange.
The way thought by Digitex to pay for all expenses will be covered when creating new DGTX tokens every year, which will be through voting by those who are the current owners, in order to vote it will be necessary to have DGTX, a consensus will avoid creating bigger tokens than expected, minimizing any type of inflation. With the advent of (DGBB) which means Decentralized Governance by Block-chain, the issuance of new token can be generated as revenue and run by DGTX token owners.
Main Features and Benefits
Zero Trading Fees
Decentralized Account Balances
Highly Liquid Futures Markets
Automated Market Makers
Digitex Native Currency
Token Issuance Revenue Model
Bitcoin, Ethereum & Litecoin Futures
One Click Ladder Trading Interface
Large Tick Sizes
High Leverage
No Auto Deleveraging
Sub-Millisecond Order Matching
Off-Chain Price Discovery, On-Chain Settlement
Decentralized Governance by Blockchain
Complete Privacy
Blockchain Driven
Are you letting exchanges hold your funds hostage?
Digitex Futures Exchange does not hold your private key. This means that you can retain control over your assets. As history shows, there have been exchanges in the past that steal or lose user funds. With a decentralized account balance that possibility is completely mitigated.
Adam Todd, CEO of Digitex
We want to decentralize account balances, and allow traders to be able to use our exchange in a lifetime trading environment.
The Digitex Protocol Token (DGTX Token)
As already created in Whitepaperthe heart of this Exhange is Token Protocol. While trading on the market the trader must have a DGTX balance that is sufficient to cover losses due to Digitex futures contracts as much as 1 DGTX Token, which means all losses and profits are denominated by this DGTX token.
1000M Total DGTX Supply
650M DGTX (65%) DGTX Token Sale
200M DGTX (20%) Digitex Market Makers
100M DGTX (10%) Team (current and future)
50M DGTX (5%) Referrals
Revenue Generating Token Issuance Starts in January 2021
After 2 years of launching a long-term plan in 2021 Digitex Futures will create again a new DGTX token with the aim of covering costs continuously in Exhange. The number of tokens made will be determined by the owners of DGTX tokens that have been circulating in the market based on voting.
Conclusion:
For this next 2019 is expected the takeoff of this platform because with only a few months of 2018 has had a very favorable acceptance. Adam Todd and his team work for the welfare of their users by doing constant research. We hope that they are favorable news and we wish you much success.
Digitex offers you the opportunity to plan strategies without fear that the profits will go into commissions, besides, do not fear that your funds are in an exchange, with Digitex it will not be necessary, you will not need to send KYC, nor will you transfer your money anywhere, thanks to Ethereum compatibility, you will use the best of both scenarios without taking risks, without giving your passwords, or worrying about hackers.
"Commission-Free Exchange will give traders more room to make profits even on small trades, without paying any fees."
More Information & Resources :
Digitex Website
Digitex WhitePaper
Digitex Blog
Digitex Telegram
Digitex Reddit
Digitex Twitter
Digitex YouTube
This is my entry for the @originalworks sponsored contest. The link to the contest is here..
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