Digitex futures

The current financial systems are globalized, which gives us great possibilities for investment, the futures market is one of those great possibilities, the futures market although it is available to all suffers from the same problem as the exchanges and is that high commissions by transactions they make us look for operations that give high performance even when generally high yields also mean high risk of losses.
The futures market are nothing more than contracts to buy something at a stipulated price and at a certain date (the higher price than the current one), the common thing is that this type of contract gives us 3 possibilities:

1 * At the time the contract is executed the market price similar to the one you chose to buy a long time ago, in that case, it can be said that you did not lose or win.
2 * At the time the contract is executed, the market price is much higher than the price you selected long ago, in this case you would be earning as you are buying something at a lower price than today.
3 * at the time the contract is executed, the market price is lower than the one you chose long ago, in this case you would be losing since you are buying something at a higher price than the current one.

Thinking about the great possibilities of the futures market and how blockchain technology could help us lower transaction costs in transactions, the experienced trader Adam Todd (founder of BetTrade) set out to create a platform in which costs orders of purchase or sale are free, this is how Digitex originated and thus fulfill "The utopian dream of the futures trader of an exchange without commissions is now a reality." And in this way encourage more users to enter the world of the markets in futures, we must remember that one of the biggest causes of desertion in the futures market is that when people enter the business they realize that although they make good predictions, high commissions for transactions mean that they go as far as losing. that is understood better I leave you some examples:

Commission-Free Futures Trading

The way they devised to build a platform free of commissions, was to create a token compratible with ERC-223 of Ethereum called DGTX, to be used in the Digitex Futures Exchange platform, this will be the token that will be used for all transactions including gains and losses, expects that the demand for token will continue to rise due to two factors, the first due to the increase in the volume of trade of the crypto-currencies and the second because traders seeing that they can enter the world of future markets without commissions will enter the platform and they will buy the DGTX token to trade in it with zero commissions, for two years no DGTX token will be created since the costs of operating the exchange were covered by the offer of Token DGTX / Initial Currency Offer (ICO) creates an offer initial of 1,000,000,000 of DGTX (sold in 17 minutes), from 2021 new cards will be created but the most interesting thing is that the operators will be the ones they will decide the number of new tokens to be printed, the voting will be simple, the holders of 1 DGTX will have the power of 1 Vote.
In 2018 with the market of the crytomendas totally in fall, DGTX has managed to revalue, being one of the few that has grown steadily this year, then I leave a comparative table.

The distribution of the token is done in this way

1000M Total DGTX Supply
• 650M DGTX (65%) DGTX Token Sale
• 200M DGTX (20%) Digitex Market Makers
• 100M DGTX (10%) Team (current and future)
• 50M DGTX (5%) Referrals
DIGITEX gives us projections to estimate the price according to the number of traders entering the platform, how token printing is limited, the capitalization of the currency directly influences the price, in the following table you can see the projections up to the year 2021 which is when we seek to make consensus for the printing of new tokens.

The Digitex Protocol Token (DGTX Token)

At the heart of the Digitex Futures Exchange is its protocol token, the DGTX token.
To buy or sell futures contracts on the exchange a trader must have a margin
balance of DGTX sufficient to cover his potential losses because the tick value of
each Digitex futures contract is 1 DGTX token, meaning that all profits and losses
are denominated in DGTX tokens. As trading volumes and liquidity increase on the
Digitex futures markets the demand for DGTX by traders will also increase. Below
are the key elements of the DGTX token:
DGTX Token

• DGTX is the protocol token that is the native currency of the Digitex Futures
Exchange.
• The tick value of every Digitex futures market is 1 DGTX token.
• Margin requirements on each Digitex futures market are payable in DGTX
tokens because profits and losses are denominated in DGTX tokens.
• Account balances on the Digitex Futures Exchange, which are held by an
independent smart contract, are denominated in DGTX tokens.
• It is the creation of new DGTX tokens after approximately 2 years that allows
the exchange to operate without needing to charge transaction fees.
• The DGTX Token Sale/Initial Coin Offering (ICO) creates an initial supply
of 1,000,000,000 DGTX (one billion DGTX tokens).
• There is no creation of new DGTX tokens for the first 2 years after the launch
of the Digitex Futures Exchange.
• Approximately 2 years after launching, the Digitex Futures Exchange starts
to create new DGTX tokens to cover the costs of running the Digitex Futures
Exchange.
• New token issuance causes inflation but it also creates high demand for DGTX
tokens by subsidizing commission-free futures markets that attract large
numbers of traders who must buy DGTX tokens to participate.
• DGTX is an Ethereum based, ERC-223 token that will be freely tradable for
Bitcoin, Ether and many other cryptocurrencies on the Digitex platform
through integration with trustless, decentralized token trading protocols such
as swap.tech, 0xproject.com and bancor.com.
• Traders can eliminate DGTX price risk from their trades with the DGTX
Peg System.

Plasma protocol

Sure when they read that the touch is ERC-223 Ethereum worried about the scalability, since it is one of the big challenges facing the blockchain of Ethereum, but soon Ethereum will implement the plasma protocol that will achieve an almost unlimited stability and Digitex Futures It hopes to be one of the first applications to try this new technology.
The plasma protocol is being created by a team of developers led by nothing more and nothing less than Vitalik and Joseph Poon, it consists of a second layer technique to improve the contracts of the network, it could be seen as latex chains or parallel to the chain of main blocks, this allows taking a volume of transactions from the main chain and distributing it in the side chains, this will allow many more operations in a shorter period of time than the current one, in this way we prevent bottlenecks that would affect the moment that orders for the purchase or sale of futures are executed.

Digitex is already in exchanges?

Digitex has been in constant growth and conversations with the exchanges, currently the DGTX token is already available in 4 exchanges which are Mercatox, ExRates, OOOBTC and Radex, it is expected that soon the token will be included in other exchanges to reach more investors.

The benefits can be summarized as follows

1. Zero Trading Fees
2. Decentralized Account Balances
3. Highly Liquid Futures Markets
4. Automated Market Makers
5. Digitex Native Currency
6. Token Issuance Revenue Model
7. Bitcoin, Ethereum & Litecoin Futures
8. One Click Ladder Trading Interface
9. Large Tick Sizes
10. High Leverage
11. No Auto Deleveraging
12. Sub-Millisecond Order Matching
13. Off-Chain Price Discovery, On-Chain Settlement
14. Decentralized Governance by Blockchain
15. Complete Privacy
16. Blockchain Driven

For a little more information, watch the following video