Digitex; non commission based exchange platform

zackie (46)in #originalworks • 6 years ago (edited)

Introduction

Tony is a graduate who just left school and he unfortunately comes from a locality that's stroke with a very high level of unemployment and Tony happening to be one of the best graduating students of his time does not deserve to equally waste away in this terrible plague .

Time and chance lead Tony into his old time friend where he in the cause of their interactions narrates his story to his friend and in a quest, his friend introduces him to online trading and out of desperation Tony immediately withdraw his college savings and starts the business .

As a beginner he is in a profit range of 30% of his total input on every successful transactions but in the background it's seen that instead of making progress Tony keeps on loosing, he realises that on everything transactions he looses 20% of his profite to transaction commissions i.e he has to be paying for every transaction he makes coupled with insurance fees and at the time he can bearly afford to invest on his transition

So day by day his investments keep degrading and if it happens that he looses with a transaction in which there is a 50 50 chance of this ,in this case Tony does home a debtor

Now the question is ; does this add to the growth of the crypto system ?

No

Even Tony is considering backing out because it seen this exchange platforms are aimed at outsmarting their users because of this;

Traders are not making profite
Investors are pulling out

But in the midst of this shortcoming comes a commission free future exchange that covers operational cost by creating its own native currency i.e DGTX tokens, instead charging transactions fees on transactions

Strange right?
Yes it sounds strange but it's real, Digitex future exchange is the name.

Digitex is the first and the only platform that offers to the public, a more robust, user friendly commission free crypto futures trading platforms

futures

This are monetary contracts that does the work of specifying the value of exchange of values this contract

Guards against high cost and risk of doing transfers
It equally quards against extravagant cost of storing values.

It has been a point of concern on the billing placed on the digital traders and investors even users who just want to store their various values on the digital platform and this has resulted to a lot of problems for instance, the transaction billing in tg case of a trader could convert his profile to
lost.

For investors and value owners, it could result to the depreciation of devaluing of their asset

In this case with the use of Digitex future exchange having fully eliminated transactions billings a travel and investor would fill free to explore the future market and this has all along been the driving force of Digitex

This publication promises to be very directed and aim straight at facts

The DGTX token;

this would serve as what microorganisms call the mitochondria i.e the power house of Digitex futures and is as well one of the major features of this platform it is an ERC-223 capable protocol token which is based on eutherium blockchain and traders who participate in the Digitex futures exchange must poses the token and it's is significant because it the native currency of Digitex futures

Ensuring scalability; the plasma technology

Digitex being bent on providing the best of service goes as far as allianing with the plasma technology which will endure limited scalability of the ethereum network, this idea was proposed due to some rumors that cane up the ethereum has some scalability issues and the lunch if this technology is coming soon.

This goes to prove that Digitex is always a step ahead of time and is also going to be one of the first live apps to incorporate with this technology

Decentralized account balance

Record show that similar exchange platforms in time past operated on a centralized mood of operation and it tuned out that most of the transaction carried out on the platform suffered from insecurity and lack of privacy andvthis played a great role in scaring away traders
But here in Digitex futures exchange traders do not have to entrust their cash with Digitex , since all the funds are being hold in a decentralized smart contract that is on the ethereum blockchain .

Automated market makers

Digitex market are automated bots endowed with algorithms. This algorithm are programmed to break even , with this ,they help Creat liquid futures market that have the right bed and offers spread even in volatile market conditions they are funded with 20% of the token that where be let loose in the market .

Large ticks size and user friendly interface

A tick is the minimum price increment that futures contract can carry in the either in a asending or decreasing order and Digitex is enabled with a very large tick and it's provides it user a very friendly interface which enables traders to buy and sell orders with just one click, it is fast and reliable.

At this juncture I will seize this chance to give answers to some frequently asked questions about Digitex futures

How does this platform fund it's maintenance ?
Who are the decision makers ?
Having to be the first platform operate on a commission free system, will it be able to stay sustained ?
Is it legit?

In the course of this publication these question and many more will be given answer to

The management of Digitex if a combined effort of their user's i.e token holders, the will collectively make decisions by submitting their proposals while which will be dealt on fairly via a parliamentary system where majority wins

They then selves stink go as far as getting to determine the amount of tokens amthat wink be produced

The DGTX tokens being the heart of this platform, it's creation is the sole strategy behind th elimination of the commission/transaction fees .when these DGTX tokens ate created there is a chance of inflation because the more the inflows of tokens users the more the hick in price
New DGTX tokens won't be created until 2 years after the launch of the Digitex platform hence the platform will rely on the proceeds gotten from the ICO (the DGTX ico would create an initial supply of 1 billion DGTX tokens)

Token distribution and supply

(650M) 65% of the tokens will be let loose and made available to the public
(200M) 20% of then goes to the makers of the Digitex market
(100M) 10% of the token will be given to the team and advisor
(50M) 5% for referrals

The peg system

Through the DGTX peg system traders can effectively eliminate DGTX price risk from their trade, this system is a futures contract that allows traders who own the token to lock in specific sale at the current market price against ETH and BTC