Digitex Futures Exchange (DGTX) The $0.00 Commission Revolution

Hi Steemians,

This is my first post in a while.

I felt obligated to share with you guys and spread the word about the new upcoming exchange known as the
DIGITEX FUTURES Exchange.

First and foremost for those of you who don't know what Futures are, let me give you a quick layman's terms breakdown and the benefits.

Futures are contracts that you can trade. The contracts always have an "underlying" which is the asset that the value of the contracts is based on. Futures are derivatives because they "derive" their price from something else.

For example Bitcoin Futures Contract will get their price from the actual value of Bitcoin. So if Bitcoin is trading @ $6,400 the futures contract will also be trading at $6,400.

So why would you want to trade the futures contract instead of just trading or buying and selling the actual bitcoin?

The most beneficial thing about Futures are that they offer leverage.

On the DGTX Futures Exchange you will be able to trade BTC, ETH, and LTC futures contracts.

For example if you had $1,000, you would only be able to buy $1,000 worth of BTC.

Now if you bought the BTC contract on DGTX you have access to up to 100x leverage.

Which means if you wanted, you would use your $1,000 and buy a position in BTC worth $100,000.

Now in our example before if you bought $1,000 of actual BTC, and BTC gained 1%, you would have a profit of $10.

In our DGTX Futures example, if you bought $100,000 worth of BTC contract using your $1,000, when BTC goes up 1% you have actually made $1,000 vs. $10.

This is possible using leverage allowed for in Futures Exchanges.

That is if you used the full 100x leverage. You decide how much leverage and risk you want to take.

100x leverage is very risky so you can make a lot and lose a lot very quickly. So if BTC went down 1% and you had 100x leverage you would have lost your total $1,000 margin.

I recommend keeping your leverage at 50x or less.

Now Futures have been around forever. Even stocks and commodities have Futures Contracts which most of are traded on the Chicago Mercantile Exchange (CME).

Also DGTX is not the first BTC futures exchange either. The biggest Futures Exchange currently is Bitmex.

Bitmex allows you trade BTC futures currently, however they charge ridiculous exorbitant commissions.

Bitmex charges 0.25% for maker trades and 0.35% for taker fees. This means at the minimum you will be paying 0.25% to trade futures on the exchange per trade.

The worst part is that Bitmex charges that 0.25% commission fee on the leveraged position amount.

This is where DGTX comes in and shines.

Lets go back to our original $1,000 example.

If you used the 100x leverage on Bitmex with your $1,000 you bought $100,000 worth of BTC contract. The COMMISSION FEE that Bitmex would charge you is 0.25% on the $100,000 which is$250 ON ONE TRADE!!!

You only had $1,000 to start, BTC went up 1%, you made $1,000 but you have to pay $250 or 25% of your gains in commissions.

This is truly absurd.

Again this is DGTX FUTURES Exchange comes in.

DGTX futures charges $0 in commission. It is the first Futures exchange in the world that will charge NO COMMISSION FEES.

That means instead of paying the $250 commission in the example above, you can keep the whole $1,000.

Now, you may ask well then how does DGTX make money to cover the expenses of running the exchange.

Well to trade on the DGTX exchange you have to own the DGTX Token.

This causes there to be inherent demand for DGTX tokens, because who wouldn't want to trade with $0 fees.

Therefore the value of DGTX tokens will increase because the demand will outpace supply.

The exchange is a sort of non-profit. The exchange doesn't want to make any profits. They only want to raise money to cover their costs for running the exchange, Basically they only want to break even.

They will raise money by minting new DGTX tokens and selling them on the open market to investors and traders to cover the costs that have been budgeted for the year.

Now lets get into the Valuation of the coin.

The coin is simialar to the Bianance Coin (BNB).

The only purpose and use of BNB is that it allows you to pay half commission on trades on Binance.

BNB currntly is worth $10 and a $1 Billion Market Cap.

This pure the result of traders on Binance buying BNB to cut their trading fees in half. It is also optional to buy BNB, you don't have to own it to trade on the exchange.

Now DGTX isn't exactly like BNB but it is similar.

I believe DGTX will be worth more than BNB because to trade on the DGTX exchange and take advantage of the $0 commissions, you HAVE TO OWN DGTX. Everything from account balance to profit and loss is denominate din DGTX, so to trade on the exchange you have to have DGTX.

Also owning DGTX will cut your commissions to $0, instead of half of 0.25%.

I truly believe DGTX will be a top 10 coin.

The token has increased from a low of $0.005 to $0.16 in the past 2 months in anticipation of the exchange launching in December of this year.

It is up 1700% from ICO price and 1500% in the past 2 months in this bear market where most coins including BTC and ETH have lost value.

Please let me know if you have any questions by commenting below.

If you want to sign up for early access to the exchange, you can use this link to sign up:

https://digitexfutures.com/get-early-access/?kid=QNHTW