What is Digitex Futures Exchange?

gogalomidze (54)in #crypto • 6 years ago

Introduction of Digitex Futures Exchange

Digitex is going to become the first exchange of its kind as it is going to be the first exchange on blockchain to provide commission free Futures Exchange.
Digitex exchange is free from transaction fees.
After hearing that it will not be charging any of the transaction fees everyone would be wondering that how would the exchange manage for the operational cost ? How will it pay for its maintenance and all the other expenses which an exchange go through in order to run it. So answer to all these questions is that inspite of charging fees they are going to issue a new currency which will be DGTX which they will use to meet all the expenses.
For this users and holders of DGTX will decide how many new DGTX are issued to cover the operational expenses.

As the holders and users are going to decide the no of new DGTX to be issued:

• They should ensure that the Digitex Futures Exchange can continue operating.
• Not to create too much currency which in return will devalue their own holding.

Essentially, the users and holders of DGTX will decide how many new DGTX are issued to cover the operational expenses. The beauty of this system is that it will organically ensure that DGTX is well funded and operational.

It is in the best interest of every DGTX holders to:

Ensure that the Digitex Futures Exchange can continue operating.
Not create too much new currency to devalue their own holding.

DGTX holders will be having a right to vote for the no of new DGTX to be issued or they can simply delegate there voting power to the trusted authority.

Decentralised

As the exchange is decentralised so the exchange does not hold any of your private key so which let your fund be secure with yourself. As many a times it has happened that exchange has got hacked or even some have stolen the users fund. So with decentralised account balance the possibility of losing your fund is completely mitigated.

What is Futures?

"Futures are a promise/contract to buy something at a specific date - a standardized asset or commodity (apples, oranges, etc) at a specific price.

Futures play a critical role in stabilizing naturally volatile markets such as commodities and cryptocurrencies."

What will be the Future of Futures with Digitex?

As there is no fees associated with Digitex so it is self-sustaining as it has its own DGTX currency.
Liquidity of DGTX will increase as it is offering free trades so people will be attracted towards it and which will increase the liquidity of the DGTX.

Digitex is in a best position to take over the entire futures market with a clear advantage over other exchanges with zero fees.

The Future of Futures with Digitex
DGTX will be a self-sustaining and growing economy. Free trades will attract more users, which will in turn increase DGTX liquidity as users purchase DGTX to continue using the Digitex Futures Exchange.

Digitex is in a unique position to take over the entire futures market with a clear advantage over other exchanges - no fees!

It is self-evident that traders are rushing to the platform!
What About Existing Exchanges?
In a well defined and stable market, the margins are very thin. Unlike Digitex Futures Exchange, current exchanges have fees associated with trading futures contracts. On thin margins, these fees can easily make an otherwise profitable trader break-even or even a losing trader.