Digitex ICO - Exchange for future with 0 fees. Long term investment? Thoughts?
Hi Steemit ^_^!
I'm here to ask everyone's opinion on Digitex. They are a new futures exchange to launch in Q4 of this year with an ICO coming up in 4 days.
They advertise the following:
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
The no fees part is very interesting but they seem to use tokens to pay for transactions (which in essence, seems like fees). If this exchange gets big then tokens may be worth a lot. It's really cheap right now so a small investment may be very lucrative.
What are your thoughts?
Eva
Link with no referral: Digitex
How is blockchain technology integrated in this ICO?
It looks like it's on a Ethereum blockchain (ERC-233 protocol). They will do the ICO with ethereum and credit the ethereum account with DGTX tokens. That being said, investors must send it from their own personal wallet and not from a hot wallet (exchange).