The bag of the future: no commissions, no trusts
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Terms to consider:
Futures. Futures are a promise / contract to buy something on a specific date: a good or standardized product (apples, oranges, etc.) at a specific price. Source
Investopedia. A futures contract is a legal agreement to buy or sell a particular product or asset at a predetermined price at a specific time in the future. Futures contracts are standardized by quality and quantity to facilitate trading in a futures market. Source
Mercatox is a peer-to-peer cryptocurrency exchange that allows you to buy and sell more than 100 cryptocurrencies. A commission of 0.25% is applied to all transactions, and you can access a wide range of currency pairs, as well as a multi-currency electronic wallet to store your encrypted assets. Source
Introduction
What is Digitex?
Digitex is the first Futures Exchange in the block chain works without intermediaries, without commissions and without trust to negotiate digital currency prices
Futures markets are one of the most useful tools to facilitate the trading of cryptocurrency prices, since it reduces transaction costs, whether the transaction is made in gold, silver, corn, government bonds or Bitcoins, in the futures markets the transaction fees are eliminated with Digitex Futures Exchange.
How is it possible to eliminate the value of these transactions with Digitex?
For the above, a token based on Ethereum will be created, called the DGTX token and it will be the native currency of the exchange.
How do exchanges work?
First of all, operators must have DGTX tokens to be able to participate in the free markets of commissions and without trust. This will create a demand for DGTX tokens by merchants, allowing the exchange to replace revenue generation of transaction fees by creating and selling a small number of new DGTX tokens each year.
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Source
This generation of income from issuing tokens instead of transaction fees will generate profits, since new tokens will be generated and it will not be necessary to charge fees. Digetex is presented as a self-sustaining platform.
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Operation
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Main Features and Benefits
This platform offers operators the following benefits:
- Zero Trading Fees
- Decentralized Account Balances
- Highly Liquid Futures Markets
- Automated Market Makers
- Digitex Native Currency
- Token Issuance Revenue Model
- Bitcoin, Ethereum & Litecoin Futures
- One Click Ladder Trading Interface
- Large Tick Sizes
- High Leverage
- No Auto Deleveraging
- Sub-Millisecond Order Matching
- Off-Chain Price Discovery, On-Chain Settlement
- Decentralized Governance by Blockchain
- Complete Privacy
- Blockchain Driven
Source)
Digitex 2018 Time Line
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RoadMap
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Digitex Team
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Advisors
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More Information
Digitex Web Site
Digitex Blog
Digitex Telegram
Digitex Reddit
Digitex Twitter
Digitex Facebook
Digitex Whitepaper
Digitex Youtube
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