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Introduction

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The "blockchain fee" is the commission charged when performing a bitcoin transaction. As it is known to all that bitcoin is the most popular cryptocurrency of today, the commission is thereby needed to hasten the transfer process as transaction process tends to be slow during exchange. It is also known as "miners fee".

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Digitex (DGTX) is an Ethereum based project that facilitates free commission for exchanges on the blockchain. It is a blockchain based project that offers a low commission as opposed to the high commission charged by the bitcoin.
For this to be realized, Digitex created their own personal currency to be used to carry out transactions on the blockchain. This is known as the DGTX token. The DGTX token is Ethereum based which serves as the means of payment(commission) and all profits , losses are recorded in DGTX, simply putting a strict rule to the use of DGTX alone. To benefit from this idea, users must purchase a DGTX token in order to enjoy the free transaction cost of Digitex.
Another great feature of Digitex is that users control their account. Account details are not kept or handled by Digitex. Account are recorded on the blockchain decentralized platform, which is known for its Privacy. The exchange doesn't have access to users' balances.

Digitex future exchanges

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Before going to the Digitex future exchange, permit me.to shed a little light in what futures is;

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According to oxford dictionary

finance in the plural Commodities or stocks bought or sold with the understanding that they will be delivered at a date beyond the current one. Something that will happen in moments yet to come.
This is like a promise to what was going to happen between two negotiators like buying a wedding dress for an anticipated wedding.

Though Digitex is a decentralized exchange, but it isn't purely decentralized. Digitex combines the distinctive abilities of both the centralized system and the decentralized system.

The centralized system -speed
The decentralized system- security,

Combining both abilities gives Digitex ability and workroom to achieve their reason for establishment which is to provide transaction at no cost(speed included) and to keep users security at the best. All at no cost. Digitex doesn't have access to users account therefore the idea or sniffing around users balances is out of worry.
Some of the features and benefits of the Digitex future exchange are ;

Digitex blog

• As far as am concerned with other blockchain based trading models, transaction fees are associated with them but with Digitex, no such thing as that.

• The fact that Digitex makes use of the centralized system doesn't mean they have a veto power on users personal details, it's only for the speed it posseses, making use of the decentralized system gives Digitex the security every user wants to be backed by. Traders on Digitex can start trading immediately without the need to submit their name or any identifying documents .

• Digitex is blockchain based which makes them to have lots of abilities ranging from being able to create their own currency to creating a Democratic system where users get to make decisions and to guaranteeing that their balances are at their disposal.

• Digitex has 3 future markets which are bitcoin, ethereum and litecoin. They may have these futures but they also have their own domestic coin and that's what they operate with. Transactions are carried out with it and balances are stored with it, including profits gained and losses incurred.

• Like I said, Digitex is Democratic and as such, a certain number of DGTX token is minted every year as per the agreement of users and each user has a say in how it will be utilized to maintain the operating cost of running the system.

About The Digitex Protocol Token (DGTX Token) ;

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Digitex blog

Using the blockchain model, Digitex was able to bring to life a new token(DGTX), an Ethereum based ERX-223 token. This is the token associated will Digitex alone, meaning the only token accepted. Users balances and what will be required for transactions are recorded in DGTX only. Simply putting it as without DGTX, you are not a user of Digitex. DGTX is Ethereum based meaning it will be tradable with Ethereum, bitcoin and the other Cryptos.

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.
Source:whitepaper page 5

If you ask me about trading fees. Is it killing traders profit?

Let me put it this way. I am a lawyer, I sold your property for you, surely I'll get commission cut of nothing less than 10% -20% to quicken up the service o want to render fo you and if you want a free one, you'll have to wait for couple of years, can you do that?. No!.
And again, am a lawyer and at the same time your big brother, I want to sell my property, will I pay you? .no! Because you're my brother. All I have to do is just to take you to a club or dinner to celebrate the sale.

If you remove a 20%(at least) trading fee from a sale of $100,000 (80,000 left) compared to a free sale of 100,000( whole payment). Which one saves profit more. I guess I was able to convince you that, trading fees kills profit.

Another questions is :What is the impact of giving users the power and control over how the Digitex Futures Exchange is funded?

Be that as it may. Digitex promoted democracy. And in doing this, users have a say in the system. All users will gather together to reach a resolution on how many new tokens to issue and when they'll be issued. This is to put into record that whatever happens, it was a collective reasoning by the users to in order to cover the operational cost or running the exchange.

Where do I see Digitex in the next 3 years?

Putting it as a personal answer, I see them knocking off one of the top ten big-men Cryptos and gaining a seat at the table of 10 where the big guys rule.

Use cases

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√ Jack used to transact with cryptos and for every single transaction, he pays a transaction fee. This means if he carries out 500 transactions in a day, he pays transaction fee 500 times. Jack got tired of this and started looking for a back door to avoid all these payments as it's eating away 40% of his own personal gain. He then came across Digitex when he was reading about some new tokens and discovered DGTX token. It soon came to his knowledge that DGTX is the token backing Digitex, a platform that allows you to transact freely just by buying a portion of the to the token. Now jack can transact for free and keep 100% profit.

√ Juliet is a commercial trader. And traders seeks to maximise their profit. Various transactions carried out requires payment and this has been incurring certain form of losses for Juliet for years. Of recent , the traders association which she belongs to brought it to their notice that a platform the offers free transaction fee is starting. Now Juliet can now enjoy her whole profit in full without having to worry about any damn fee.

Conclusion;

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I think with the first token to be dropped soon, if you're a trader and you're reading this, jump at it, an opportunity like this doesn't stick around the corner. Digitex is promoting a free transaction fee, With the way the crypto world operates now, everyone is after making money off investors. Well, the reverse is the case as Digitex put users interest on top of their own need and not only that, a smart contract backed blockchain security. Digitex is safe. No personal information is required and users balances are not kept with them. If they're not kept with them, they simply can't steal from their users as it was reported of some exchanges and neither can they be threatened of hacks. Why try to open what is empty?

To learn more about Digitex check their website
Digitex whitepaper
Digitex Twitter
Digitexarly-access/) YouTube
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