Digitex Futures, Commission-Free Futures Trading.

kire (39)in #contest • 6 years ago (edited)

Hello everyone, this is my entry for the writing contest sponsored by @originalworks, Learn more by going here, this time about a brand new project called DIGITEX FUTURES EXCHANGE.

So, what is DIGITEX FUTURES EXCHANGE ABOUT?

Is a new project that proposes a positive change within futures exchanges, introducing transactions without any cost that support themselves thanks to Digitex's native cryptocurrency, the DGTX, which is a token based on ethereum that already has get support in the blochain.

What is a Future Market?

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Future markets are negotiations between two parties that sign an agreement to relate the purchase and sale of a certain product for a price established at a future established date, in which the price of the product by the seller will not have been altered due to the prior agreement .

They are a very useful method of negotiations in which any of the parties can win depending on the alteration of the prices of said product in the market from the day of the agreement. For example, if the product has decreased its price from $ 15 per unit to $ 10 per unit, the buyer should still pay the $ 15 per unit agreed on the day of the contract, thereby benefiting the seller. Otherwise, if the product increases its cost from 154 units to $ 20 per unit, the buyer would continue to pay the $ 15 per unit expected, benefiting in this case the buyer more than the seller.

The big problem with the futures markets in most cases, are the high costs for transactions made depending on their volume, in some cases the percentages affect the final earnings of the user in a considerate manner, and no business of this type is really profitable.

A Commission-Free Futures Trading.

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Digitex futures exchange proposes an innovative platform in which transactions are carried out at no cost, it is difficult to imagine, right? As a platform that does not charge transaction fees, can it be self-sustaining? It is here where Digitex is betting everything for its native currency, an ERC-223 token compatible with Ethereum that has already gone on the market and has a sustainable price that has gradually increased, this due to the demand, since there are traders in investors interested in such a project, in this way digitex Futures Exchange is a round business practically. The size of this demand for DGTX coming from traders during a period where cryptocurrency trading volumes are expected to grow exponentially will be orders of magnitude greater than the small number of extra tokens that must be created to generate this demand. The futures exchange is what gives the DGTX token its utility as a vehicle for trading highly liquid futures markets without any transaction fees.

There are some helpfull links with more info about this Project:

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twiter post: https://twitter.com/kicerji/status/1041864906914574336
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