PREFACE

Futures is a market that offers users the opportunity to trade without transfer risk and at low cost, this market eliminates the risks of storing, transferring and completely purchasing underlying assets whose price are being traded.

Although this market is traded at low cost, users who deal with big amounts experience significant deductions of transaction fees, same with “High volume, low profit margin futures trading strategies”

DIGITEX FUTURES EXCHANGE

What if there was a platform could eliminated transaction fees on initiated trades? DIGITEX futures exchange has been designed for this purpose, which is to change the way crypto users internet with and trade futures by eliminating the transaction fee challenge. This is made possible by creating an Ethereum based crypto token (DGTX) which serves as a native currency which all gains, losses, transactions, margin requirements and account info are denominated in.

HOW DIGITEX WORKS

The crypto futures trade allow users to predict coming price of a crypto asset at a specific time. The most important benefit of Digitex is the elimination of transaction fees. This is made possible by creating DGTX, an Ethereum–based token of its own instead of charging transaction fees. In order to enjoy or benefit from this commission-free exchange, users must constantly own DGTX tokens, which increases the demand of this token.

Since the right and authority to determine the amount of DGTX to be issued is retained by users, they vote issuance of the token in such a way that must reduce price inflation at all cost.

HOW DGTX TOKENS WORK

DGTX is an ERC-223 currency on Ether blockchain, users buy or sell futures contracts on DIGITEX futures Exchange only with DIGITEX token protocols.

In order to initiate a trade, a user must own a margin account balance of the token enough to cover his potential losses, this is because each DIGITEX contract has a tick value of 1 DGTX, since all gains and losses are denominated in terms of DGTX tokens.
DIGITEX mint new tokens approximately every 2 years, its demand remains high since there is constant need to own it in order to initiate transaction on the platform.

My Video Presentation

Benefits that makes digitex unique

CONCLUSION

Digitex futures Exchange is aimed at creating an exchange contract with zero transaction fee for both makers and receivers, this is possible by creating a Eth-based DGTX rather than charging DGTX.

For more info

watch this video

or visit
Digitex website
Digitex whitepaper
Digitex Blog
Digitex Telegram
Digitex Reddit
Digitex Facebook
Digitex Twitter
Digitex YouTube

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