Digitex Futures: The Disruptor of The Futures Trading Market

I was involved in trading futures some time back and found fees to be a huge annoyance. That is when researching (Googling) different futures trading platforms, I came across the Digitex futures exchange. While it has not launched yet, I find that this exchange would be a disruptive force to be reckoned with in the future. In this post, I will be first giving a bit of a context of what futures trading is. I will then present a case as to why the Digitex futures exchange will disrupt the 'traditional' method of the futures industry. Finally, I will be speaking about its current adoption rate. So let's get started.

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In a nutshell, futures trading is basically the trading of different items such as commodity or stocks at a price that is determined in the future (source). If this boggles your mind, I recommend reading up their explanation of buying cable TV in the link provided in the previous sentence. The futures trading industry is huge, approximately 40.2 trillion dollars (inferred from data provided DGTX blog and FIA.org). This a large amount of money and in industries like this, you have to trade through a middle person (a.k.a a broker). These brokers charge a small fee for every trade made. According to this site, the fees are approximately 1.50 dollars per contract. This may not seem like much, but remember, you will be holding your contract and if your trades add up to say 1000 contracts, you will be paying up to 1500 dollars in fees.

If you were to make a profit, 1500 dollars will probably be nothing. However, if things go south, that 1500 dollars would have been for nothing. Now, imagine if you won't need to pay for the fees. That's when the Digitex futures exchange comes in.

[Image source](https://digitexfutures.com/)

Yes, you read it right, zero trading fees. All fees are eliminated through the DGTX token where a small number is created and sold each year. Thus, unlike traditional platforms where revenue is generated via fees and commission, this is replaced by the DGTX token. This would be a much better option over traditional brokerages where fees are charged. For one, the DGTX futures exchange requires the trader to trade using the DGTX token. This creates demand for the token for both traders and HODLers. As such, this could raise the price of the token. Therefore, creating a win-win situation for the trader where commissions remain free and a nice payday for HODLers.

Aside from the zero trading fees, all account details are not held by the exchange but by the Ethereum blockchain. This is important because it prevents market manipulation by any centralized exchange. At times, some trading platforms (allegedly) would use user data to drive the purchase or selling of certain contracts or stocks by freezing certain accounts. This creates a situation where profits are driven to those that govern that platform and not to the traders. This is not the case for the DGTX futures exchange.

Next up, the DGTX futures exchange offers high leverage trading, which is up to 100 times. This is a great feature for traders wanting to trade with a smaller capital. Furthermore, the trading system is easy and intuitive to use. Similar to many other trading platforms it allows for the buying and selling of contracts with just a click. However, I personally think that the interface looks cleaner as compared to my MetaTrader 4 platform. Unfortunately, I have not tried the platform in-depth as it is yet to be launched. At present, it is scheduled to launch in Q4 of 2018.

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The DGTX futures exchange platform may not have launched yet, but I have joined over a hundred thousand others who have signed up for the waiting list. I am looking to get in early to try it out for myself, but more importantly, I am amazed to see the widespread acceptance by so many other users. This shows that the DGTX futures platform and the DGTX token has a rather bright future. This is also testament to the spike up in value of the DGTX token on coinmarketcap. sign up = user adoption - leads to token utility leads to tokens doing well. There was 200% price spike on coinmarketcap. If you take a look at the dates, this all happened during the Crypto winter where the whitewalkers have tanked the price of cryptocurrency. Yet, DGTX was still able to performed really well.

As such, I think that there is much potential for the platform as well as the DGTX token. I will be exploring other aspects of the platform and the token. In the next article, I will be talking about the Bitcoin, Ethereum and Litecoin futures that will be offered on the platform. Do let me know your thoughts on the platform and token in the comments below. Also, do visit the DGTX futures exchange site as well as their various social media groups to find out more! I will be pasting the links below:

Project Website: http://digitexfutures.com

Project Whitepaper: https://www.digitexfutures.com/whitepaper/Digitex-Whitepaper.v.1.1.pdf

Airdrops/Bounty Campaigns http://digitexfutures.com/get-early-access

Press Release: https://blog.digitexfutures.com/digitex-futures/digitex-to-present-keynote-demo-futures-exchange-at-malta-blockchain-summit/

- Website: http://www.digitexfutures.com

- Twitter: @digitexfutures

- Facebook: @digitexfutures

-Telegram https://t.me/digitexfutureschat

- Reddit https://www.reddit.com/r/DigitexFutures/

Many of the findings here are researched but are based on my own opinion. I welcome any debate and discussion but I am no financial adviser. As such, always do your own due diligence before selling your kidney to invest in anything.