Introducing Digitex futures exchange: the best option when it comes to digital trading

in #business6 years ago (edited)

Introduction
Problems faced by futures traders
Trade and trading is an ancient but important phenomena. Among the various types of trading that exists, futures trading stands out in its features, requirements, execution and relevance.
It's a necessity required by every thriving economy.
In futures trading, bonds and commodity prices are traded on the spot, at a current price while the delivery of the goods is made available at a later date/time as agreed. Basically, the startup capital required for futures trading is really high and the transaction charges attached plus other clearing costs are simply nerve-wracking.
This usually puts traders on their toes while opening trades as they soften experience not breaking even or being at loss after paying the fees attached to trades/transaction.

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These fees charged maybe beneficial to the brokers and exchange platform but it's however biting hard on the users because time, emotions and money are being lost when things goes unexpected.
Another factor most futures traders face is having their winning trades stopped mid-way because of high-leveraged position of their losing counterparts. Yes! this happens most times, keeping traders out of possible profiting trade positions.
Again most centralised exchanges requires you to deposit into your trading account which puts your funds at risk. However, most decentralised exchange platforms on the other hand, required you to KYC thereby putting one's information and privacy at a possible risk of hack from data-seeking hackers.
Also remember that inflation, volatility, slippages and percentage charges etc determines the final take home of a futures trader.

The way out of these problems
But one option that can help you cut across some of these is by putting up sell orders that are above the current price or buy orders that are below the current trading price. However note that you will be greatly limited in the amount of trades you can possibly open.
Incorporating Cryptocurrency into futures trading is even a more dreaded idea because of gas limits, conversions etc but remember that the potentials of a blockchain activity can never be over-emphasized. Hey wait! I have a better option and now let me introduce Digitex futures exchange, the best spot for trading digital currencies prices.

Awesome features of Digitex platform
I'm recommending Digitex because it solves the above problems and many more with its special features and protocols.


Youtube introduction video

If you're a privacy-minded person like me, then check out Digitex exchange. Digitex won't ever sieze, freeze, divert or embezzle your account for any reason/pressure from regulations because legally and truthfully, it doesn't have access to a traders funds (thanks to private keys). This is to say that Digitex holds no funds but to ensure more security, users are encouraged to have metamask browser plugin which verifies that it's same depositor that's asking for a withdrawal through its identity vault.

You don't need any KYC/AML to trade futures in Digitex but you must purchase DGTX tokens as all transactions carried out like deposit and withdrawal, account balances are all in DGTX tokens.
Digitex Oracle runs a quick updates of account balances with smart contracts to provide user's trading history and current margin liabilities. Because this process requires gas fee, it's only done when a trader wants to withdraw.
Now the most unique and amazing feature of this exchange platform is that it has a zero trading fee. This is not a periodic bonus. It's actually a lifelong feature of Digitex that Makers and Takers orders will always be taken free.
So if you are a profit-inclined individual, which every potential trader should be, you need to make move to where you acquire and retain your profits. I said acquire because Digitex's trading bots (Market Makers) ensures that users break even by steadily creating tight bid and offer spreads even in the face of volatile markets.
Again, you can utilize DGTX peg system to ensure that your assets' price eg ethereum are locked in this hedging strategy by selling Digitex futures of ETH/USD (knowing that ETH is dropping). So even if ETH were to drop to a $100price, you will still have your money value in DGTX at that price you pegged it before the price fell. In the real sense you are supposed to lose but your real loss in ETH has been cushioned by the profit you got on short futures position with Digitex.
This way, price volatility can be averted. But you can also miss the extra gains by so doing.

A self sustainable ecosystem
In running of operational cost and maintaining other aspects of the platform, Digitex embarks on the issuance of new DGTX tokens bi-annually and the amount issued is determined by users and stakeholders.

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Principle values and democratic rights of users observed
Users have voting rights and exercises it on issues like this amount of token circulation. This ensures that even at an inflated prices, DGTX tokens will continually grow exponentially in demand and value. This will also occur simultaneously as the platform is witnessing more and more entry. Giving users the power to decide how the exchange is run, will motivate them to make meaningful decisions so as to facilitate the progress of the platform and secure their digital assets. Thus, everyone will be satisfied to see how transparent things are run and this will enhance trust and encourage more huge entry of other users. You know atimes, most exchange platforms declare zero trading fees but at the end of the day, you incur other hidden charges called operational or maintenance charges.

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The Unique and dynamic features of Digitex
Digitex is zero fee, democratic, value-added, Ethereum based and three options futures trading pairs (BTC/USD, ETH/USD, & LTC/USD).
Digitex will incorporate some centralised features like "storing order books, settling trades and running matching engines, margin trading and utilizing central servers".
Other amazing features are high liquid market, large Tick sizes, offchain price discovery-onchain settlement, one click ladder interface etc. All these facilitates a high volume trades, attracting users that are ready to hold long term positions with Digitex.
Use of cryptographic protocol such as Erlang (also used by whatsapp) ensures that trades are matched in less than one millisecond making it swift, scalable and secure.
Digitex is the best because it'll never shut you out a winning trade Wether through bids or leverages. Just a simple click of the mouse sets you to a trade, no download needed.
Digitex team are made up of experienced and devoted veterans who are skilled in various fields.

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Use case
Chief Mark is a cryptocurrency futures trader. He alternates two futures exchange platforms, one for his BTC, the other is for his ETH & altcoins. He is currently planning to start up a transportation business to support his earnings incase of weeks when luck might elude him and he goes home with empty-pocket; after several episodes of losing trades and settling trading fees attached.
But achieving his plan B will significantly dwindle his trading account. What about his childrens' tuition fees, feeding etc?
Oh no! Why is life this hard? Fortunately for him, a collegue introduced him to Digitex exchange platform and he has since taken a gorgeous vacation trip with his family to celebrate his profits and comfortability with his business growth.
Chief Mark now has an all-in-one, crypto futures trading pairs account and a zero trading fee transactions. He loves the large volume of trade, easy liquidity, steady profits and perfect customer service.
He's also proud to be a contributor to the progress and decision making process of a reputable Company like Digitex Futures exchange.

In conclusion, Digitex is a dynamic futures exchange that is revolutionary, self sufficient and sustainable ecosystem, growing more in value and demand such that encourages a massive Cryptocurrency adoption.

This is an entry to a contest organised by @originalworks with more details here
https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex
For more information about Digitex partners, roadmap, team, pre-sale and ICO, visit

https://digitexfutures.com/get-early-access/
https://www.digitexfutures.com/whitepaper/Digitex-Whitepaper.v.1.1.pdf
https://t.me/digitexfutureschat
https://youtube.com/channel/UCjY3JG9agHi2ePDTm6sJysw

https://twitter.com/Iromuanyaprisca/status/1041922325988470785?s=20

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You have a minor misspelling in the following sentence:

Fortunately for him, a collegue introduced him to Digitex exchange platform and he has since taken a gorgeous vacation trip with his family to celebrate his profits and comfortability with his business growth.
It should be colleague instead of collegue.

This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
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