Digitex Futures - Introducing you to the first commission free futures exchange

faetee (59)in #digitex • 6 years ago (edited)

Hello guys, It's your girl @faetee the founder of @girlsfoundation. I have been offline for a long time now because I've been busy with the girlsfoundation project and other things but I'm back now. Today I'm going to be introducing you to an exchange (DIGITEX FUTURES EXCHANGE).

Before I go further I'd like to talk about the on going digitex airdrop, the first 5000 people to sign-up gets 1000 DGTX each while the,top 10 people to sign up gets 100,000 DGTX and all you have to do is sign-up and share your unique link. It ends when the exchange launches, so it's not too late to participate take advantage of this opportunity and earn more DGTX for yourself.

Digitex is a commission-free futuresexchange which has its very own native cryptocurrency known as DGTX token, in which all account balances are denominated. Traders[you and I] speculate or in other words predict the price of cryptocurrency like BTC, ETH and LTC against the US dollar, but their trading profits and losses are paid out in DGTX tokens.

Futures market give traders the opportunity to trade prices without the high costs and risks of transferring, storing and paying in full for the actual underlying instrument on whose price they are trading.

Most of you must have heard about forextrade and other trading platform like meta trader, binomo etc. Digitex futures is a trading platform like Meta trader but the difference is that other trading platforms trade fiat to fiat but digitex trade fiat to crypto.

Futures market gives individuals who involve in trading activities the opportunity to trade prices with minimum costs and risks of transferring funds, retaining(saving) and paying in full for the actual underlying instrument on the given price they are trading. Whether on soybeans, gold, government bonds ethereum or Bitcoins, futures market is a valuable financial tool for facilitating trading price by reducing friction and costs.

On digitex futures exchange transaction fees has been eliminated by creating a ethereum based token called DGTX token which is also a native currency for the exchange. In other to be a part of the exchange or use the exchange, the trader has to own the DGTXtoken because every transaction will be carried out using this token.

Irrespective of the low costs, transaction fees are still significant on high volume, low profit margin futures trading strategies. They act as a massive brake on the potential liquidity of futures market by converting marginally profitable strategies into losing strategies after commissions.

Digitex account balances are handled by a decentralized and independent smart contract on the ethereum blockchain. Unlike certain trading platforms, digitex does not collect the traders' information such as posting key, all the exchange does is to inform the trader of his/her account balance, profits, loss and so on by keeping the account up to date.

REFERENCE

Digitex whitepaper

For more information about digitex futures exchange, visit the links below:

Project Website

Project Whitepaper

Airdrops/Bounty Campaigns

Press Release