Digitex Futures| Amazing Benefits Enjoyed By Traders- Pt 1

osigbhemeh (64)in #digitex • 6 years ago (edited)

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A recap of the Digitex Futures Exchange...

The future of the Futures exchange, Digitex Futures has been seen as an exchange platform where traders enjoy a commission-free transaction, thereby maximizing and enjoying their 100% profit. On the platform, transaction fees are destroyed by creating an Ethereum based token called DGTX, which serves as a native currency on the Digitex Futures Exchange. In order for traders to be fully involved in the trustless market of the Futures exchange, they must possess the native currency, called DGTX. Unlike other futures exchanges, traders on the platform will carry out trades without entrusting their account balance on the exchange, rather, their account balance are held by an independent smart contract on the Ethereum blockchain. Traders are rest assured that the safety of their account balance is paramount here on the Digitex Futures Exchange.

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Furthermore. the platform has a lot of features, some of which we discussed here. Also, the Digitex Exchange eliminates transaction fees by minting new DGTX token on a yearly basis to cover maintenance cost and development on the platform. What makes this unique is that, the decision of minting these new tokens won't be carried out by just the management team of the community but by the DGTX token holders(traders) In the community. This vote is done through a Decentralized Governance by the blockchain where 1 DGTX is equal to 1 vote.

Benefits Of The Digitex Futures Exchange

On the Digitex platform where traders are charged nothing as commission fee, there are huge benefits enjoyed by these traders. Of course this is the very first exchange that offers a zero-fee as commission. Sign up here to join the waitlist before the exchange launches be the end of the year What are some of the benefits that are enjoyed by traders on the Futures exchange? We have numerous benefits but, I'll give us some of these benefits.

Presence of high liquidity

As humans, and as traders in general, they tend to apply the use of economics and always go where would be beneficial to them in using Futures exchange. We've had an insight on the decentralized account balances and the zero-fees commission on all trades. Talking about zero-fee commission, most traders will prefer to use the Digitex exchange over any other exchange because of the zero charge in all transactions made. With Digitex Platform, it is not necessary for a trader to hold a token or a coin to carry out transactions, all you need to do is to possess the platform's native currency, DGTX , to be able to carry out transactions and to predict the prices over a period of time. With this, there'll totally be no need to transfer values out of the exchange, thereby, creating high liquidity.

Also, when the problem of transaction fee has been eliminated, traders tend to get highly liquid markets because, they'll engage in high volume, single tick trading strategies that are not possible on other exchanges because of the vast commission involved. Digitex will also have trading bots which will serve as market makers and will be tasked with the responsibilities of automatically taking trades and brakes without taking value off the market. They also have been given just enough DGTX token to keep the platform active.

The Token Issuance Revenue Model

Digitex futures exchange is putting a whole change in the Futures trading by eliminating transaction fees on trades by minting the native currency of the platform, DGTX. With the constant demand of the DGTX token by traders on the platform, the exchange produces new currency every year to meet up with this demand and sell them to cover costs in running the platform.

Conclusion

The Digitex Futures Exchange which is a future exchange that offers zero fees for commission, thereby allowing traders to enjoy their 100% profit on their trades. Unlike other exchanges, the digitex futures is the very first that offers nothing as commission for trades. It makes use of the DGTX token as its native currency for carrying out transactions and to cover cost of maintenance on the platform. Why not sign up to join the waitlist when the exchange will be launched next month. We'll talk about more benefits on the next post :).