Introduction
Traditional exchanges existing in the cryptu-space charge certain percentage for cryto trading (i.e trading BTC for ETH) this charges has a direct effect on how profitable a trader can be, in the long run, especially intraday traders ( more frequent traders taking short positions).
DigitexFuture Exchange is what I call a ‘disruption in the world of exchange’.
Imagine an exchange that charges you nothing, I mean absolutely nothing for trading. This, to me is the best thing since Bitcoin, this is the trading edge break even traders have been waiting for, to move into the column of profitable traders and profitable traders will in more profit at the of the trading month/year.
This is to say Digitexin itself is a trading strategy, tell me who wouldn’t switch trading platform immediately Digitexgoes live? Who?
How Digitexintend to achieve a zero fee trading platform
The only criterion is for feeless trading experience is for traders to buy and hold Digitextoken ‘DGTX’.
DGTX is the native currency of Digitexand are actually used for the running/operation of the exchange. DGTX token take care of all necessary fee to sustain the platform.
Traders are required to buy DGTX token in order to trade on Digitexexchange, the acquired token can be sold whenever a trader pleases as DGTX are only required for trade initiation. The exchange eliminates transaction fees on trades and cost are covered by creating new token instead of charging fees from traders.
Benefits of DigitexFutures Exchange
Digitexprovide exiting benefits that will not only make traders more profitable, giving them a decentralize exchange experience but also take user experience to another with it decentralize governance system.
Below are some of the main benefit that got me excited..
- Zero trading fees: As explained previously, Digitexabsorbs any kind of transaction fee, form funding fee, trading fee to withdrawal fee. This is made possible by Digitexrevolutionary token issuance model, which can indefinitely sustain the commission-free trading. The busier, the exchange get, the better Digitexexchange gets.
- Decentralized Account Balance: Decentralized Account Balance is my second best feature Digitexoffers. Decentralized Account Balance is made possible by smart contract on the Ethereum Blockchain. Digitexcannot manipulate traders funds as funds are out of their reach thus in the event of a hack (which is highly unlikely) there will be no fund to steal. This is taking security to a whole new level in the world of exchanges.
- Highly Liquid Future Markets: Highly Liquid Future Market is achieved when traders flocks into the exchange as the constraints of transaction is absent this will in turn boost trading volume. Single tick trading strategies is another feature that will keep them traders coming. 20% of the total supply of DGTX token are programed to break even, providing liquidity at all times.
- Automated Market Makers: Digitexmarket maker are automated trading bot with algorithms that are programed to break even, with their highly active trading strategy and a large trading bank of 20% of all Digitextoken in circulation (200m DGTX). They help create liquid future market that have tight bid and offer spread even in volatile market condition, giving traders the confidence to always being able to enter and exit position which further enhance liquidity. Source Digitexwhitepaper
- Bitcoin, Ethereum and Litcoin Futures: Digitexhas 3 futures contract which are BTC/USD. ETH/USD and LTC/USD. Each futures contract has a large tick size, which eliminate a lot of noise and allow prices to be displayed on a one click ladder style trading interface, even in volatile market conditions. Tick values of future contracts are denominated I DGTX token meaning that all profit and loses are settled in DGTX token. Source Digitexwhite paper
These are just few of the benefits Digitextraders will enjoy and you will agree with me that Digitexwill be light years ahead of traditional cryptocurrency exchanges, quickly becoming the Go To exchange for traders.
The DigitexProtocal Token (DGTX)
DGTX token is the protocol token that is used for the running of Digitexfuture exchange. For a trader to buy or sell future contract he will have to buy a certain amount of DGTX token sufficient enough to pay for losses in the event of a losing trade or cover the marginal balance required to have an open trade. Profit and losses are denominated in DGTX token and the tick value of each Digitexfutures contract is 1 DGTX token.
For More Information
Reference
Image Reference
DGTX token Supply and Didtribution
Road Map
Meet The Team
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