Digitex Futures Exchange

in #crypto5 years ago

What is Digitex Futures Exchange?
Digitex is the first, commission free Futures Exchange on the blockchain.

Digitex Futures Exchange is free of transaction fees.

That’s right. No transaction fees.
Some good questions may be:
How can an exchange be free?
How does it stay operational?
Who pays for maintenance?
Who makes the decisions?
How does this impact token price and economy?

One of the key details about the Digitex Futures Exchange is the operational cost of the exchange’s activities will be paid with the issuance and sale of new currency instead of charging a transaction fee on all contracts. The demand and market growth will more than compensate for inflationary cost of issuing new DGTX.

Essentially, the users and holders of DGTX will decide how many new DGTX are issued to cover the operational expenses. The beauty of this system is that it will organically ensure that DGTX is well funded and operational.

It is in the best interest of every DGTX holders to:

Ensure that the Digitex Futures Exchange can continue operating.
Not create too much new currency to devalue their own holding.

DGTX holders can vote on how many new DGTX are issued, or alternatively delegate their voting power to a trusted authority. DGTX holders are organically incentivized to find the perfect balance between a well-funded exchange as well as relatively low inflationary cost.

Decentralized Account Balances
Are you letting exchanges hold your funds hostage?

Digitex Futures Exchange does not hold your private key. This means that you can retain control over your assets. As history shows, there have been exchanges in the past that steal or lose user funds. With a decentralized account balance that possibility is completely mitigated.

Adam Todd, CEO

We want to decentralize account balances, and allow traders to be able to use our exchange in a lifetime trading environment.
What Are Futures?
Futures are a promise/contract to buy something at a specific date - a standardized asset or commodity (apples, oranges, etc), at a specific price.

Futures play a critical role in stabilizing naturally volatile markets such as commodities(prices could vary by season) and cryptocurrencies(prices could be impacted by regulations and market manipulations, etc).

Investopedia Definition:
"A futures contract is a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. Futures contracts are standardized for quality and quantity to facilitate trading on a futures exchange."

The Future of Futures with Digitex
DGTX will be a self-sustaining and growing economy. Free trades will attract more users, which will in turn increase DGTX liquidity as users purchase DGTX to continue using the Digitex Futures Exchange.

Digitex is in a unique position to take over the entire futures market with a clear advantage over other exchanges - no fees!

What About Existing Exchanges?
In a well defined and stable market, the margins are very thin. Unlike Digitex Futures Exchange, current exchanges have fees associated with trading futures contracts. On thin margins, these fees can easily make an otherwise profitable trader break-even or even a losing trader



This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!

Coin Marketplace

STEEM 0.21
TRX 0.07
JST 0.026
BTC 28530.28
ETH 1798.62
USDT 1.00
SBD 2.83