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Introduction

In the Digitex the transaction fees are eliminated  by creating an Ethereum based token, called the DGTX token, all profits, losses, margin requirements and account balances are denominated in that token. This creates demand for DGTX tokens from traders.

Here’s a video of DIGITEX in action

 

  Commission-Free Futures Trading

About this “Commission” we have:  

•   The revenue Generation by Token Issuance instead of Transaction Fees: Creating a token that is compatible in the Ethereum blockchain which they named TOKEN DGTX, which will be used as a native currency to express any loss, benefit or balances. Making the exchange can eliminate the comisines and cover the costs creating new tokens instead of charging fees.
  It is estimated that there will be no new tokens issued but for approximately 2 years after the launch of Digitex since the cost of operating exchanges will be covered by DGTX ICO revenues.  

  · The Digitex Protocol Token (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." –Whitepaper p.5  

1.  The key elements of the DGTX token are:  
2. The DGTX token is the native currency.
3. The tick value for every move in Digitex's future market is 1token.
4. The requirements of each future market in Digitex will be paid in tokens (since in this currency the movements will be expressed). 
5. The balance of the Digitex account will be denominated in DGTX tokens 
6. The creation of new tokens after two years is what will allow the exchange without the need to charge fees. 
7. The initial offer will be 1,000,000,000 DGTX Tokens ü There will be no creation of new tokens for two years 
8. After approximately two years, the exchange will start at Digitex to create new tokens ü Issuing new tokens will cause inflation, but it is expected to create a large demand for DGTX by subsidizing free markets.  
9. The token can be freely commercialized
10. Traders can eliminate DGTX price risk from their trades with the DGTX  

• The token can be freely commercialized
• Traders can eliminate DGTX price risk from their trades with the DGTX  

Here is a table in which some scenarios and hypothesis about the price are shown:

  Whitepaper p.8  

Here are some assumptions.

- That 2% of the merchants are balletas that buy a total of $ 150,000 USD, during the period of two years.

- 10% will be medium traders who would buy $ 15,000 USD.

- 88% Of the small traders $ 1,500 USD.

Although the supply of tokens is 1,000M only 700M will be available.

Here’s an example.

Whitepaper p.9

• Eliminating DGTX Price Risk on Trades: DGTX Peg System:

“The DGTX peg system is simply a futures contract on the price of DGTXthat allows anyone who owns DGTX tokens to lock in a sale price at the current market price, whilst keeping physical possession of their DGTX tokens to use as margin for doing trades on the Digitex futures markets.” – Whitepaper p.10

• Buying and Selling DGTX Tokens: Buying and selling DGTX tokens must be free, quick, easy and as frictionless as possible. Traders must be able to instantly convert a wide range of crypto-currencies into DGTX tokens and back again with little to no spread and with zero transaction fees. Apart from making efforts to list DGTX on various exchanges, the Digitex Futures Exchange will integrate 0xproject into its platform, which is a decentralized token trading protocol that allows the instant and trustless trading of any token pair.

  Trustless Futures Trading

Why Trustless?  

  Thanks to the replacement of account balances with a decentralized and independent intelligent system, traders can use the Digitex stock exchange. This hybrid mechanism of centralized balance of account and account accounts solves many of the problems associated with purely decentralized exchanges. The blockchain is a versatile technology that promises to shake up the established ways of doing things in some way that is perhaps still unimaginable to many. However, there are several challenges for a decentralized exchange. Either by latency for the list of orders in real time, lack of privacy, high transaction costs, reliability and scalability of transactions, among others. Being a centralized server brings advantages in the accounting books distributed for certain applications, either storing order books, liquidating operations or running engines. Bringing speed, total privacy, free transactions, easily adaptable, among other advantages.  Digitex is a combination of speed and reliability of centralization. It interacts with the intelligent contract so that it can update the available balance reflecting the pending liabilities and their exchange in profits and losses.  

 The Digitex Futures Exchange

In the whitepaper of Digitex  you can see the Main features and benefits like:  

 1.Zero Trading Fees
2. Decentralized Account Balances
3. Highly Liquid Futures Markets
4. Digitex Native Currency
6. Token Issuance Revenue Model
7. Bitcoin, Ethereum & Litecoin Futures
8. 10. High Leverage
9. No Auto Deleveraging
10. Complete Privacy
11. Blockchain Driven   

Decentralized Governance by Blockchain

“Blockchain technology is the driving force behind Digitex: the blockchain allows the exchange to eliminate transaction fees through the creation of its own cryptocurrency, and smart contracts on the blockchain hold traders’ account balances, allowing the exchange to operate trustlessly.”-Whitepaper p.26  

  Conclusion

After all the information collected from the Whitepaper and other sources that I will mention below, it is understood that DIGITEX will use the blockchain technology to eliminate commissions on transactions, decentralize the balances of the accounts and govern itself autonomously. Digitex wants to cover the cost of carrying out exchanges, creating a small amount of new tokens each year instead of charging commissions. Doing so the future markets, free of commissions in a fast and safe platform, attracting operators that must use the tokens to participate. Bring with it Zero Trading Fees, Descentralized Accounts and Governance, a complete privacy and advanced technology. It’s a whole new idea of the future transactions, more fast and secure. Using tokens that make us feel safe at the moment we change our cryptocurrencies like BITCOIN, etc.  

 TWITTER:

More Information & Resources:

• Digitex Website
• Digitex WhitePaper
• Digitex Blog
• Digitex Telegram
• Digitex Reddit
• Digitex Facebook
• Digitex Twitter
• Digitex YouTube

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