DIGITEX- THE DREAM OF EVERY TRADER, FORGET ABOUT PAY ANY FEE!
"The futures trader’s Utopian dream of a commission-free exchange is no longer a dream."
Digitex.
For a long time, the members of the New York Stock Exchange have been working hard for example, well that's how trading works, it's about buying and selling different assets. At present, "Trading" or "trade" is not a strange vocabulary because it is even a job for some people. The world of cryptocurrencies, assets, trading, smart contracts, etc., is quite complex, that is, it has many definitions that must be understood and studied before entering into it.
)
For its part a fairly important aspect that is implemented in digital trading is the so-called future contract, it is a term known in finance that in the digital age does not go unnoticed, this conta of a legal agreement in which it is agreed buy or sell something at a certain price in the future, or are standardizing and taking for granted the price of that that is going to buy or sell, it is worth noting that this contract is made on the given product, as it is applied to parts They do not know each other. The world of trading is a financial movement, anyone can enter into this of contracts, the market etc, but as long as you study the field first. Having aroused the curiosity generated by everything that deals with extra income, people now opt for the use of cryptocurrencies, trading with them, buying and selling them, transactions, all this leads to a new job, a world new from which to learn everything. In the business or the art of investments it is very important to have the legal aspect quite clear, that is why they generate smart contraton for example, or future contracts in other cases, in order not to lose money, it is very important to implement of these in an intelligent way.
)
The users of this type of economy need to use multiple platforms, to be aware of each market movement, and of course the cherry of the cake are the transactions, to make the same it is necessary to use platforms that allow to carry this out.
It is not a secret for anyone that as human beings always seek to find the option that brings more benefits, if money is always going to seek the option that generates more income. In the world of the digital economy, transactions, sales and purchases there is a concept hated by many, this is called "commissions" if, the feared commissions, hated by users and loved by the owners of the web pages or platform, since these commissions are used most of the time to sustain the platform itself, for its maintenance.
There is talk of how much the collection of commissions is beneficial for the platforms themselves, but what happens with the most important part? The users, what they need to carry out transactions. It is understandable that the platforms need maintenance, it is good that they charge for a service but the world of cryptocurrencies and trading is increasingly globalized which means that these platforms are gaining more and more at the expense of the money from the commissions of the people who have to go to them without any other option.
)
On the other hand it is normal for anyone to seek to pay the lowest commission in order to lose the least amount of money possible. It is then when everything is entangled, the search for a platform that provides good services begins but without high commissions, or even better without commissions, it sounds like a dream, it sounds like something utopian, but in the year 2018 it has materialized, it is already possible to realize transactions without commissions, the technology advances so that the digital economy can not be left behind. The world is changing, finances and economy alike, that is why it is necessary to look for innovative alternatives that ensure a good service with legal contracts and also giving the user assurance that their investment will not be in vain.
.jpg)
The dream come true with Digitex Futures Exchange
Digitex is a commission-free futures exchange compatible with Bitcoin, Ethereum and Litecoin, it has its own cryptocurrency called DGTX.
)
Digitex is an innovative platform that is responsible for providing users with a secure experience with future contracts and free of commissions, yes, free of commissions.
Recently, the simple fact of thinking about commission-free transactions was a dream, a utopia. With the growing demand for the purchase and sale of cryptocurrencies and the rising trading market, it is common to seek the best option to avoid losses, after all investors are those who manage the market at one or the other level, as well as for the sake of of not losing money, a user-friendly solution and the platform was obtained, it is there when Digitex arrives, although it seems impossible it is a complete reality.
)
It is logical that many questions arise from the appearance of a platform that promises to offer a great service free of commissions, curiosity is awakened. It is normal to think about how a transaction service can be offered without charge, how can a platform remain operational without charging commissions? The truth is that Digitex is at the forefront of technology, it is an intermediary to make transactions without charging commissions because it self-supplies with its own cryptocurrency called DGTX, that is how it can be kept operational.
For its part Digitex offers a much needed service in the financial world, these are future contracts, these legal aspects are fundamental for investors and through Digitex users can create them.
Technology is a very broad field that can be improved every day. This is how Digitex takes into account the needs of current users and the broad trading market to create its platform free of commissions.
Fundamental characteristics of futures.
)
)
)
- Zero Trading Fees
- One Click Trading Interface
- Digitex Native Cryptocurrency
- Large Tick Sizes
- Decentralized Governance By Blockchain
- Bitcoin, Ethereum & Litecoin Futures
- Advanced Technology
- Complete Privacy
- Decentralized Account Balances
- Highly Liquid Futures Markets
- Token Issuance Revenue Model
- Automated Market Makers
- Off-Chain Negotiation & On-Chain Settlement
- High Leverage Futures Trading
- Blockchain Driven
- No Auto Deleveraging
All these aspects work as a perfect gear to give the user the best experience when entering the world of negotiations associated with cryptocurrencies.
The main axis of the platform is the fact of NOT charging any type of fee, in fact it is even curious for many, they do not explain how it is possible to maintain a platform of this type without charging fee for the contracts created or the transactions there they are done, but Digitex arrived to show that the future is already here and that if it is possible to make the user like the system happy.
It is important to mention that Digitex is a mixture of decentralized and centralized platform, all in order to take the best of both worlds and in this way offer the best possible expirience to the user.
This hybrid mechanism of a centralized matching engine and decentralized account balances solves many of the problems associated with purely decentralized exchanges.
Source, whitepaper page 12
This is how this platform breaks the schemes in terms of transactions, trading, cryptocurrencies, digital economy, commissions, future contracts, etc.
DGTX, the secret behind success
Every great success has its fundamental pillar, this is how Digitex has its own cryptocurrency, called DGTX, this is in charge of keeping the ship in orbit, this is how Digitexcan operate in the most appropriate way, it is thanks to this Token that it is not necessary for users to pay commissions for transfers or generation of future contracts.
DGTX is an ERC-223 currency, a protocol compatible with the Ethereum blockchain
)
In Demand From Traders: Intelligently Digitex has a system in which users need the DGTX currency for the creation of futures contracts without commissions, that is, the demand for currencies will always be growing.
)
Utility Token: For its part DGTX has real utility, its existence within the platform is not in vain, it is necessary and essential.
)
Right Place, Right Time: In the art of trading and investing this currency represents a growing option for this 2018, so it is a perfect idea at the right time.
The DGTX Token is a protocol token that has real world utility and value. Its value derives directly from its utility as a vehicle for the commission-free trading of liquid futures contracts on the price of Bitcoin, Ethereum and Litecoin against the US Dollar.
Source
The DGTX monetary system works like a chain, since each link is derived to the next, because the more traders are attracted by the exchange platform without commission, the demand for tokens will increase since it is necessary to have these to put in operation the creation of future contracts. Absolutely DGTX is called the heart of the company, since this protocol is what keeps the platform up and running.
Some features
According to whitepaper page 5
• DGTX is the protocol token that is the native currency of the Digitex Futures Exchange.
• The tick value of every Digitex futures market is 1 DGTX token.
• Margin requirements on each Digitex futures market are payable in DGTX
tokens because profits and losses are denominated in DGTX tokens.
• Account balances on the Digitex Futures Exchange, which are held by an independent smart contract, are denominated in DGTX tokens.
• It is the creation of new DGTX tokens after approximately 2 years that allows the exchange to operate without needing to charge transaction fees.
• The DGTX Token Sale/Initial Coin Offering (ICO) creates an initial supply of 1,000,000,000 DGTX (one billion DGTX tokens).
• There is no creation of new DGTX tokens for the first 2 years after the launch of the Digitex Futures Exchange.
• Approximately 2 years after launching, the Digitex Futures Exchange starts to create new DGTX tokens to cover the costs of running the Digitex Futures Exchange.
• Traders can eliminate DGTX price risk from their trades with the DGTX
Peg System.
DGTX Peg System
)
Futures contracts give financial guarantees to the investor, which is why its application is very useful, for its part Digitex has a system that together with it eliminates the price risk, because with this system a contract for the immediate future is generated At the moment of acquiring the cryptocurrency by setting the price at the time of purchase, the only disadvantage that can be mentioned to this system would be the small but existing possibility that the currency in question increases its value and therefore generates lost at the time of selling since you can not change the price stipulated in the future contract.
It is important to mention that for the implementation of a contract in this system the user must deposit a minimum cost in the currency on which the contract is being made, since it is worth mentioning that it is not working directly with DGTX, like ETH or BTC which pass to other currencies.
For its part, the purchase and sale of DGTX generates a highly liquid and profitable market, negotiations with this cryptocurrency provide a point in favor of Digitex economic protocol. The ease offered by the platform to buy and sell DGTX gives a wide range of possibilities of transformation of this token to other cryptocurrencies. The trading is increased with this cryptocurrency, the buying and selling business in this case would be a win win, for the platform and the user or trader.
DGTX Token Supply and Distribution
Need for future contracts
In the world of finance, future contracts are an essential tool because it is necessary to legally endorse what is sold and bought. In the same way in the art of trading contracts are handled futures, it is necessary to stipulate the purchase or sale of an asset by setting a future price.
At the present time, cryptocurrencies are a market that is widely used as an investment worldwide, given the globalization of this type of economy, the generation of futures contracts has become a necessity. Digitex on the other hand offers a door to the future dreamed, it is no longer a utopia to think about the realization of a future contract without commissions since that is the main axis offered by Digitex. In this platform, the user can generate future contracts without any extra commission.
Source
Always the human being is trying to find the best options for their treaties, even more if these humans are investors, if so, business comes first; therefore the high fees for the payment of commissions are a problem for the investors, it is not profitable to pay high prices for them, also as for the creation of contracts, the fact of having to pay for them is quite counterproductive for the investor since it is stipulating a price of an asset to avoid losses but in the same way these losses will be present due to having to pay high prices in commissions, leaves the trading market in a complicated situation.
)
Trading is about many transactions, purchases and sales of cryptocurrencies currently, the fact that a person must pay high commissions for the use of the platform to carry this out is quite counterproductive, since it can represent a persistent loss in investments , or in the best scenario not lost but maybe not the expected profit. For some it may represent an injustice even because they are taking something from their profits but for their part the companies in charge of this type of transactions claim that they need to keep their platform up. This is where Digitex appears to show the innovation of maintaining its operating platform with the implementation of its own cryptocurrency to avoid the payment of commissions by users and thus create a better work experience for investors or people who are engaged This is very attractive for anyone who wants to start in this world of trading.
This is how with this platform the user would obtain the expected profits, without losses or high and unfair commissions for own transactions, not only that, but also Digitex offers the creation of futures contracts without commissions.
Future contracts in Digitex
)
Digitex is a platform based on the exchange and creation of futures contracts without commissions, in fact they are basically the fundamental axes of the platform. It is very important to understand the operation of the execution of future contracts in Digitex. It has been mentioned the central axis of the company which is the fact of not charging commissions for transactions or contracts, but somehow the platform must remain standing, it is all thanks to its own DGTX cryptocurrency, which has a very useful important, because to make a contract you must enjoy a margin amount in DGTX, that is why the currency is always in circulation as it is necessary for the execution of Digitex.
It is worth noting that the amount for the realization of a contract is 1 DGTX
The exchange will launch with the following 3 futures contracts: BTC/USD, ETH/USD
& LTC/USD.
Source, whitepaper page 19
Below is an example of how a future Bitcoin contract against the US Dollar is handled
Tick size (minimum price increment): $5 USD
Tick value: 1 DGTX
Taker/Maker Fee: 0%
Funding Costs: 0%
Initial Margin: 20 DGTX
Maintenance Margin: 10 DGTX
Contract Type: Contract For Difference (CFD)
Contract Duration: 24 Hours
Settlement Date: Daily at 00:00 GMT
Settlement Price: BitcoinAverage.com spot price of BTC/USD at 00:00 GMT, rounded up or down to the nearest $5.
Settlement Process: Cash settled in DGTX tokens at Settlement Price.
All open positions remain open by being rolled over into the new contract which opens at 00:00 GMT.
In general terms, future contracts are a very necessary way in the business world and thanks to Digitex the user has access to them without having to pay high commissions.
Check this video to see the process
Power for the user
In financial relationships, control is important, traders try to study the market in such a way that they can handle it at their whim and convenience. Many times the platforms centralize the decisions and the users do not have any power over the financial future of the platform since they are only users. It is attractive as a user to be inside the platform and have some control over it, in fact it brings more confidence to the relationship.
Digitex is an innovative company that bases its policy on the best for the user, this includes control over important decisions. It is not common to see that platforms give control to users but Digitex is different.
Who decides the financial aspects of Digitex? Decentralized Governance by Blockchain (DGBB)
A successful company includes its clients within its operation, gives control to the user. Digitex proposes a decentralized government, where through a democracy, rules and voting system codified in intelligent contracts, the company's financial future is managed.
)
Within Digitex the owners of DGTX act for their own collective iteres taking into account several aspects when sending the proposal of how many tokens should be generated. They must take into account how many token would be needed to cover costs and operations of the platform, for their part they must take into account the balance that must exist between future investments with the currency and the inflation of the moment, in general terms they must completely manage that market.
Giving control to the users is a very intelligent move on the part of Digitex, who knows more about the behavior of a platform if they are not the same users, it is therefore quite astute to ask such opinion to the titular players of the game, it is like this as success comes, supporting each other, it is not just a user transfer relationship, it goes much further.
Digitex beyond the future.
The future is already here, it was unthinkable that transactions could be carried out without fee, basically it was always the dream of every trader, now there is Digitex that arrives in order to provide an experience without commissions, where future contracts can be created and everything in a very efficient way. The innovation is hand in hand with this platform that bets on its own cryptocurrency protocol.
The launch of Digitex and its DGTX token is stipulated so as not to create more tokens until within 2 years, the demand can be covered with the current amount of current DGTX tokens. Then by 2021 the creation of new tokens is stipulated, the projection is that Digitex will be a fairly solid company, will create a token from a completely auditable and transparent voting system through which the owners of current DGTX tokens will propose the amount of necessary coins, who better than the user who worked the market and the platform for those two years to know the needs.
The higher price of DGTX means fewer tokens must be created to cover costs, reducing the inflationary effect on the total supply of DGTX.
Some more technical data presented by Digitex in its informative document present the following projections in the future.
Digitex is projected as a leading company in the field of trading as it offers the best options in the field, in this way the years 2019, 2020 and 2021 denote quite fruitful in terms of the growth of the platform as it is expected a high demand for its cryptocurrency due to the attractiveness of not paying transaction fees. The fact that trading is a current job gives a point in favor of the use and growth of this platform.
Use case 1.
)
Matt is a trader by profession, is dedicated to work with the purchase and sale of cryptocurrencies, lately has fallen into a losing streak because although he knows the market well and is making many transactions the commissions are consuming their profits. On the other hand, he knows the importance of futures contracts but they are even more expensive to carry out, therefore he prefers to risk that beforehand he will spend more of his profit. One day surfing the internet and looking for better options, he met Digitex, he researched more about it and practically knew the utopian world of traders, the dream come true, not paying a fee for transactions and the realization of future contracts to better guarantee their investments . Matt was delighted with DIGIEX and does not plan to use a different platform to carry out his treaties since it offers everything a trader needs to improve his investments.
Use case 2
)
Ashley is an entrepreneur and is starting with her cosmetics and personal care company, she is a Chemical Engineer and knows the compounds that are needed for the creation of the products. This is how he begins to see that in a very short time the company that facilitates them is constantly changing prices. When Ashley sees that his company is taking off and he needs more and more components, he tries to look for a viable option that is not to stop obtaining those compounds from the company that distributes them since they are the best in the market. This is how investigating knew the future contracts and it seemed like a perfect idea but they had only one drawback, that the intermediary platforms charged high fees to make them, so I ask a friend who knows a lot about the network, since she knows that He works with the purchase and sale of cryptocurrencies, and he told her that there was a new platform called Digitex that seemed to be what she needed. So then Ashley looked for more information about that company and with the help of her friend she deciphered everything and signed up. After contacting the company that distributes the compounds, they agreed to carry out this contract for the future, since Ashely was one of its best buyers. In this way they were able to fix the future prices of the assets through Digitex.
CHECK MY VIDEO TO KNOW ALL ABOUT DIGITEX
Here an intro from the CEO!
Conclusion
Trading is an art rather than a business, finances are a puzzle that needs much study to get it right, and future contracts are a legal guarantee within the world of buying and selling. On the other hand, the words commission by transaction are not the most attractive for any user. Traders today often need trading platforms, transactions and contracts. Previously, it was only a dream for a businessman to think about the simple fact of not paying commissions for transactions, but at present it is a reality, Digitex says that, besides there are no fee for the important future contracts, so everything is covered. How does the company stand and operate? simple, crarion your own cryptocurrency which is necessary within the platform, this drives the demand and in the same way keeps the company operating at 100% for its users. For its part, it is important to mention the inclusion that is offered to registered users, since the owners of the coins are responsible for proposing the number of tokens that will be created. Digitex the financial dream of cryptocurrencies is a reality.
The Digitex team
More information here
Digitex WhitePaper
Digitex Blog
Digitex Telegram
Digitex Reddit
Digitex Facebook
Digitex Twitter
Digitex YouTube
This is my entry to participate in the @OriginalWorks contest sponsored by Digitex Click Here
Tweet Bonus Click here
digitextwitter
Coins mentioned in post:
Upvoted.
DISCLAIMER: Your post is upvoted based on curation algorithm configured to find good articles e.g. stories, arts, photography, health, etc. This is to reward you (authors) for sharing good content using the Steem platform especially newbies.
If you're a dolphin or whales, and wish not to be included in future selection, please let me know so I can exclude your account. And if you find the upvoted post is inappropriate, FLAG if you must. This will help a better selection of post.
Keep steeming good content.
@Yehey
Posted using https://Steeming.com condenser site.
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!
@rosiger1, you are interesting to read!