DIGITEX (DGTX) - Bitcoin Futures Trading without Commissions
ABSTRACT
Its commission-free platform allows users to protect against the price of BTC / USD, ETH / USD and LTC / USD without having to worry about commissions being charged with their profits. Digitex combines a high level of leverage and a one-click ladder interface, which makes it easy for everyone to start operating, regardless of their experience in the cryptographic space.
INTRODUCTION
Cryptocurrency futures allow traders to predict the future price of a cryptocurrency. Operators can buy or sell options according to the price they think it will be at a certain time in the future.
With Digitex, users can trade cryptocurrency futures. They can exchange prices without the high costs and risks of transferring, storing and paying in full the underlying real instrument on which they are trading.
The main selling feature of Digitex is that transaction fees are eliminated. Digitex has created a token based on Ethereum called DGTX token. That token is used as the currency of the exchange, which means that all benefits, losses, margin requirements and account balances are denominated in DGTX tokens.
Characteristics and advantages of Digitex
No negotiation fees:
Decentralized account balances:
Operators do not need to trust Digitex to maintain the balance of their account to trade in the exchange. The balance of your account is maintained through a decentralized and independent intelligent contract in the chain of blocks of Ethereum.
Highly liquid futures market:
The elimination of tariffs leads to a highly liquid market.
Automated market makers:
The market makers of Digitex are automated trading bots with algorithms programmed to reach a breakeven point. They have a commercial bank of 20% of the total supply of tokens (200 million DGTX), which helps create liquid futures markets with adjusted supply and demand differentials, even in volatile market conditions. Operators have the confidence to always be able to enter and exit positions.
Bitcoin, Ethereum, and Litecoin Futures:
Digitex will have 3 futures markets, including for BTC/USD, ETH/USD, and LTC/USD. Each futures contract has a large tick size, eliminating a lot of noise and allowing prices to be displayed on a one click ladder style trading interface, even in volatile market conditions.
One Click Ladder Trading Interface:
Traders need minimal mouse movement and no keyboard presses to execute a trade. Bids and offers move up and down a central price ladder, allowing traders to visualize the market as the price goes up and down.
Large Tick Sizes:
Digitex’s futures market is distinguished by its large tick size. A “tick”, in futures markets, is the minimum price increment that a futures contract can move up or down. The BTC/USD futures contract, for example, is $5.
High Leverage:
Traders enjoy leverage up to 100x, allowing them to realize large percentage gains and losses from relatively small price movements.
No Automated Deleveraging:
Digitex won’t close users out of a winning position to protect itself from losses – say, when a counterparty’s losing trade is stopped out because it was too highly leveraged.
Sub-Millisecond Order Matching:
Digitex is built on the Erlang/OTP stack, the same programming language as WhatsApp. This language was chosen for its real-time updating capabilities and ability to seamlessly handle spikes in activity with low latency. That means traders enjoy trades that take under one millisecond to execute.
Decentralized Blockchain-based Governance:
Digitex uses blockchain technology to eliminate transaction fees by minting a small number of new DGTX tokens each year. This token issuance revenue model is governed democratically by traders.
Complete Privacy:
Traders on Digitex can start trading immediately without the need to submit their name or identifying documents of any kind. Digitex is not bout by KYC/AML regulations.
Decentralized Blockchain-based Governance:
Digitex uses blockchain technology to eliminate transaction fees by minting a small number of new DGTX tokens each year. This token issuance revenue model is governed democratically by traders.
Conclusion
Digitex aims to disrupt the cryptocurrency futures exchange market by creating an exchange with zero transaction fees for both makers and takers. Instead of generating revenue through transaction fees, Digitex will generate revenue through the annual release and sale of DGTX tokens. As trading volume on the platform rises, the demand for DGTX tokens is expected to grow.
Who’s Behind Digitex?
Digitex was founded by Adam Todd (Founder and CEO). The company is registered to an address in the Seychelles.
More Information & Resources :
Digitex Website
Digitex WhitePaper
Digitex Blog
Digitex Telegram
Digitex Reddit
Digitex Facebook
Digitex Twitter
Digitex YouTube
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