Digitex: World's First Commisson Free Decentralized Futures Trading Exchange

in #blockchain6 years ago (edited)

After acquisition of charting skills, after watching several gigabytes worth of YouTube tutorial videos on technical analysis, after so much sweats and stress on how to trade, only to start trading and get your profit mopped up by commission on excessively regulated cryptocurrency exchanges like BitMex, Krakren, GDAX and others. The joy of trading is when you make a little profit and it belongs to you entirely!

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I have been trading cryptocurrency for over three years, as an active trader and crypto training facilitator in my state, I have come to realize that only few traders trade futures. Many people heard about it in one way or the other, but they are unwilling to attempt it. This is simply because of;

  • poor awareness
  • risk of losing earned profit to commission and
  • unsolicited trade cancellation

For the sake of readers who know little or nothing about futures trading, here is a brief history that will give you insight.
It began in Japan in 1710 for the purpose of rice trading futures. Farmers would contact buyers and reach a bargain on how much they intend to buy rice, both seller and buyer would reach a favourable price, both are protected against future price actions. Simply put, the seller is protected against low price and buyer against price hike. Evidence of this contract can be used by famers as collateral. Fast forward to 1800s, commondity futures extended to wheat and other farm produce, and people who have nothing to do with rice began to buy and sell futures. These people are called speculators. Futures trading extended it reach to metal market and today, we have cryptocurrency futures.

Digitex Provides New Paradigm For Cryptocurrency Futures Traders.

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Digitex

Never before has there been a commission free futures exchange that allow users to trade without letting go of private keys to their assets. A beautiful interface that is easy to understand is essential in cryptocurrency market. Digitex has provided all of these amidst tight security of customers' funds.

Traders Are Sceptical About Exchange Fees

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Trading fees across centralized exchanges is considered by many traders as necessary evil, something we cannot do without. But everyone dream of trustless and zero commission trading. The realization of this aspiration happened when Adam launched Digitex. Adam Todd is aware of the future game, he created exchange that will be profitable to all.

No Fees, More Flexibility and Higher Profit

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A plankton trader do not have varieties of choice when it comes to going long or short. He may need to spend a considerable number of time trying to figure out if a trade will be profitable or not. During is process, he might have lost opportunities to make profits. Trading is all about making the right move at the right time.

Percentage profit must cover trading commission on other exchanges to make profit.
This irony of it is that, when you lose, you must pay.

On Digitex, everybody is a winner. If you make $100 without paying $16 to exchange, you have gained more significantly.

Future of Digitex

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Utility tokens derive its value from number of users who are willing to hold it or use it regularly for transactions. Every trader who want to enjoy zero commission trading must hold DGTX in the wallet, gains and loses are denominated in DGTX. All of these does nothing except to increase value of DGTX token.
All indications on coinmarketcap is pointing to a direction, Digitex has remained strong in the face of tough market collapse. It is the first litmus test for revolutionary 0% commission and highly decentralized futures exchange. In the next 3 years, the value of DGTX will rise against any inflation that may have occurred due to release of additional tokens.
The journey to $0.60 per DGTX is very much realistic.

Trading Fees, Top Profit Killer

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Any trader with reasonable amount of digital assets would be satisfied with 1% profit in extremely bearish period, due to the fact that some decentralized exchanges charges commission that is more than or equal to 1%, such traders would be scared to the bones. They will be extraordinarily conscious not to trade during market collapse.
Those who have mastered the game may trade, but most would end up being losers, because they were unable to go short when they should, perhaps they made 2.5% profits which does not represent profit to them, it is exchange commission. For them to make any profit, profit margin must be higher than exchange commission.

when traders confidence is killed by commissions, what follows is low volume in general.

Benefits of Giving Power to Users to Determine How Digitex Futures Exchange is Funded.

Decentralized autonomous organization is all about freedom, everyone who own DGTX token deserve to have a say in how tokens are minted and the level of inflation that will affect price of their assets (DGTX). It is recognition of users power that will instil confidence in them. More confidence in the system will attract more users and value of DGTX will rise geometrically.

Suggested Use Cases

As time goes on, Digitex may actually include futures trading of precious metals. This might be different from cryptocurrency futures trading with respect to decentralization, but the proven concept of zero commission trading will bring several millions of users onboard. When metal trading is launched, it will increase adoption of cryptocurrency and value of DGTX.

What I Have to Say About Digitex

For more information, vistit Digitexfutures.com and download whitepapers. Join digitex telegram group to get answer to any question that you may have about Digitex.

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