Writing contest: Digitex future exchange
The futures market consists of the negotiation of contracts for the purchase and sale of certain goods at a future date by means of an agreement of price, quantity and expiry at the present time.
Also known as "fordwards", they appeared as a system of protection for agricultural producers in the nineteenth century, as they could output their production at times of high production (crops) and regulate and stabilize prices, which were irregular throughout the year.
In this way, the futures markets were born with the need to stabilize and appease the prices and quantities to be exchanged at an imprecise moment. It is therefore an element of coverage, that is to say, of protection against possible market decisions that allow a regularity in marketing.
In spite of its origin as a hedging and stabilisation tool, today futures markets are included in financial products, as it is one in which more profitability can be extracted with good negotiation, and where exogenous circumstances and the environment determine price variability, making it one of the most demanded products.
First futures market
The first futures markets were the Chicago Grain Exchange, which in 1848 began to establish basic marketing standards and contracting operations for future deliveries of agricultural products, as well as in 1730 in Osaka, Japan, where there was already a well-established infrastructure for future deliveries of rice.
Digitex Futures Exchange eliminates commissions between buying, selling and transferring crypto currencies and this is possible because it has its own currency, the DGTX token, solid based on ERC20, and acts as an exchange currency in the exchange.
Digitex is built on the chain of Ethereum blocks, and the ICO of the token has come out and was a great success in which they raised thousands of dollars.
because its commission-free exchange platform takes the worry out of users that their earnings will go away due to the high commissions that exist between transfers, purchases and sales of assets.
Digitex is a decentralized platform, offering liquidity with no fees between transactions.
Digitex ICO Futures
Digitex is a commission-free futures exchange with its native cryptomode, the DGTX chip. Traders speculate on the price of BTC, ETH and LTC against the US dollar, but their trade gains and losses are paid in DGTX tokens. Commission-free futures markets on a stable, fast and secure trading platform will attract a large number of traders who must buy DGTX tokens to participate, creating a greater demand for DGTX tokens that compensates for the small inflationary cost of creating new tokens.
If you want more information about Digitex clik here