Digitex vs traditional exchanges. | Digitex, a commision-free futures exchange | Part 1

As we mentioned in the introduction post of this Digitex article series, we emphasize the problem that arises in most traditional exchanges: Fees. Due to these fees a common trader can not generate 100% of the profit on each transaction made due to the fees charged on each transaction in the exchange, this is not good for any trader who wants to seek maximum profit on each of their transactions, so we gave a brief review about Digitex in the introduction post, we talked about how Digitex offers to solve this problem thanks to its ingenious method to maintain the exchange and thus be able to offer a good quality of service to each trader who decides to use it's exchange while offering the user the way to generate 100% of the profitability that they achieve in any of their operations

In this first part of the whole series of articles we will see some of the most outstanding features of Digitex and we will realize the big difference between Digitex and the large number of the exchanges that exist today.

This is the most outstanding feature in the exchange: 0 fees, compared to the rest of the exchanges that exist today this represents an incredible point in favor because traders will always look for the best way to maximize the profits generated in each operation and to reduce losses if they lose money with the asset, therefore, Digitex is an immediate option that is offered to traders who want to take advantage of these advantages that are not offered on any exchange.

Likewise, the benefit of not having to carry out operations with fees means that the exchange token (DGTX) can have a decent value due to the demand that will be presented by all traders who begin to use the exchange and to carry out transactions using DGTX.

The benefit of not having fees is not the only feature that makes Digitex incredible. In Digitex our funds will be totally decentralized, which means that Digitex has no control over our funds, in traditional exchanges like Bitmex the funds are backed up under the security of the exchange, therefore, if the exchange itself is hacked and they manage to access the funds, they could be withdrawn without so many complications as it is only a matter of inserting a code and sending the funds elsewhere.

In Digitex this may be a little different, the funds will NOT be backed by the exchange, instead, Digitex protects your funds under a Smart Contract in the Ethereum blockchain, so the only way to withdraw your funds is by accessing your account and making a transaction from it, in theory there should not be any other way than that.

As we did a small mention earlier, we talked about the Digitex token: DGTX. This token is a great contributor to all the great features that Digitex offers us, thanks to this token we will be able to carry out operations without fees and it will be totally obligatory to use this currency to be able to operate in the exchange.

This will greatly affect the value of the currency as traders entering the platform will have to use the currency in order to trade and this will generate demand, the more demand there is in the currency, the greater its value will increase significantly.

Another very important point about this token is the way in which it will maintain the exchange, this exchange works in such a way that users who hold this currency will have the role of deciding which part of the distribution of the currency will go to the exchange, this means can be maintained in a decentralized way without having to depend on the decision of a single person or entity, this method allows users to dedicate part of the currency that they consider adequate to maintain the exchange and thus maintain a good relationship between supply and demand.

We can have a wide view about all the features that Digitex offers us in the following illustration:

1. Fees in our trading transactions? That is thing of the past. Meet Digitex! A commision-free futures exchange | Introduction

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“DISCLAMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money by investing. The following information is for educational and entertainment purposes only.”