How The Zero Digitex Futures Exchange Trading Fee Is Achieved

dongentle2 (68)in #digitex • 6 years ago (edited)

Digitex Futures Exchange Zero trading fee has constantly left a lot of people including potential competitors in shocked and a state of disbelief as a lot of them are yet to accept and believe the possibility of having a Zero Trading fee exchange.

The need for this post aroused when I was asked how the exchange will cope with the cost of maintenance if it is truly going to run a complete Zero Commission trading platform.

I decided to make a video about this and also explain some other things present in the white paper.

Digitex Futures Exchange had clearly showed everyone how they intend to do this but I'll drop a paragraph from their white paper that Answers this. According to their white paper, "Transaction fees are eliminated on the Digitex Futures Exchange by creating an Ethereum based token, called the DGTX token, and using it as the native currency of the exchange. All profits, losses, margin requirements and account balances are denominated in DGTX tokens, meaning that traders must own DGTX tokens to participate in the commission-free, trust-less markets on Digitex. This creates demand for DGTX tokens from traders, enabling the exchange to replace revenue generation from transaction fees by creating and selling a small number of new DGTX tokens each year."

The above excerpt from their white paper clearly explains How Digitex Futures Exchange Intends to cover up for their cost. Also studying the white paper will make you agree that DGTX will be very useful to the system and if all the traders need them to trade, Then that means the high demand will surely push the price up. The good news is that you can get DGTX now before it gets too late. Join the bounty programme to earn DGTX or Buy to have more of this Utility coin.

These are entirely my Opinion and not in anyway a financial advice.

Thank you for visiting my blog and I hope you'll join the waiting list.