Digitex Futures. Commission-Free Bitcoin Futures Trading
Digitex Futures
Digitex Futures offers an exchange based on blockchain technology, which allows to buy or sell futures contracts of Bitcoin, Ethereum and Litecoin without any surcharge or fee, through the use of its own native token called DGTX token, ERC223 and which is managed through the Ethereum blockchain. This means that to participate in the Digitex Futures exchange, it is necessary to have or own DGTX tokens.
Digitex allows traders to "bet" on the price of Bitcoin (or any of the other cryptocurrencies) in dollars in a short term; which will allow traders to make small and quick profits. However, all gains and losses will be paid in DGTX token.
This is the main advantage of the Digitex exchange: zero trading fees. This will obviously attract the attention of a large number of traders since in futures contracts trading, earnings are overshadowed by the high costs of commissions. By increasing the number of participants, the liquidity and demand of the DGTX tokens will increase.
But how does it cover the expenses to maintain an exchange? Digitex will cover the costs initially with the sale of the DGTX tokens in its ICO: 70% of the tokens will be sold to the public (700M DGTX); 20% for the Digitex Market Makers bots (200M DGTX), these will be in charge of maintaining the liquidity of the futures market; and finally 10% (100M DGTX) to compensate for the work carried out and to be carried out by the founding team.
Consecutively, after the first two years, the community of participants, through a Decentralized Governance by the blockchain, will decide the amount of DGTX tokens to be issued every year.
The increased demand for the DGTX tokens will offset the inflationary cost of creating new tokens each year.
The DGTX token will become a cryptocurrency with essential value and usefulness, both for the exchange and for the traders (even the world itself)
Another benefit of the platform, which will increase the liquidity of the exchange, in addition to increasing the number of participants, is the decentralized accounts, this means that Digitex Futures exchange does not keep the funds of its participants, all account statements are kept in a smart contract, as well as the profits and losses caused by the tradings. In this way, the participants are those who have control over their own money, not the exchange.
Digitex will offer leverage to all traders for their tradings of up to 100x. In this way, the participants will be able to make large profits regarding the prices established in the futures contracts, through small movements of the prices of the cryptocurrencies.
For all those interested in participating in this new exchange, here is the link:
https://digitexfutures.com/get-early-access/
Video
Digitex 2018 Time Line
More Information
- Digitex Website
- Digitex WhitePaper
- Digitex Blog
- Digitex Reddit
- Digitex Telegram
- Digitex Twitter
- Digitex Facebook
- Digitex YouTube
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https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex
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