Digitex and a Million Reasons You Need To Get On Board

This year has been a rough one for the crypto world. There hasn't been much to get excited about. I was fortunate enough to participate in an ICO called Digitex Futures, A zero-fee, non-custodial futures exchange with its own base currency, the DGTX token.

This is my referral link and by you signing up through it, I will move up in the waiting list. You will also be able to promote your link to move up on the list yourself. If you find this info useful, please use the link and add your email to the waiting list. It only takes 1 minute:
https://digitexfutures.com/get-early-access/?kid=R2BYN

FUTURES EXCHANGE
The Digitex Futures Exchange is a trading platform where traders can buy and sell futures contracts on various cryptocurrencies, commodities and financial instruments. Traders win and lose DGTX tokens. Traders must have a balance of DGTX to place trades which creates demand for DGTX. There are zero transaction fees on all trades. Zero-fee trading attracts highly active, ultra-short term traders who create highly liquid markets using strategies not viable on fee charging exchanges. Large tick sizes level the playing field between human traders and bots.

Zero-Fee Tokenomics
Digitex can operate indefinitely without charging transaction fees on trades by minting a small number of new DGTX tokens each year. Token issuance is decided and governed democratically by all DGTX token owners. Traders who are attracted to zero-fee trading must buy DGTX tokens to participate, thus creating increased demand for DGTX. This demand will offset the small inflationary effects of minting a small number of new tokens.

Non-Custodial Accounts
Digitex is at the cutting edge of blockchain technology and is developing a hybrid exchange that combines the best parts of centralized and decentralized systems. Traders enjoy the speed and reliability of real time trading on a centralized order matching engine, but at the same time they don’t have to trust the exchange with their money. Account balances are kept in an independent smart contract and the exchange is unable to withhold, mismanage, steal or lose your funds because we physically do not have your private keys. This also makes Digitex less attractive to hackers because there are no client funds to steal.

As of the writing of this article, the waiting list to get on the platform is just over half a million. It's looking very likely that Digitex will have a million people ready to trade on their platform by the time they launch. This is gold for Digitex holders since trading on the platform requires DGTX. This creates instant demand and with a reasonably low supply, the sky's the limit!

Unique Trading Interface
Traders submit buy and sell orders instantly with a single click. An intuitive ladder trading interface displays live bids and offers moving up and down on a central price column. Traders get and stay in the zone when there’s no need to move the mouse or use the keyboard or look away from the price action to place trades.

Large tick sizes eliminate noise and make short term scalping viable by levelling out the playing field between human traders and bots.

Plasma Protocol
Digitex is at the cutting edge of blockchain technology, working closely with members of the Plasma core development team. When Plasma is fully integrated into the Digitex Futures Exchange traders will be able to place real-time, on-chain trades that are instantly recorded on a fully verifiable Ethereum side-chain.

For the first time ever, traders get the real time trading benefits of a centralized exchange with the security benefits of a decentralized exchange. Traders on the Digitex Futures Exchange will be able to buy and sell futures contracts on liquid markets with no trading fees and without needing to trust the exchange with their money.

This is my referral link and by you signing up through it, I will move up in the waiting list. You will also be able to promote your link to move up on the list yourself. If you find this info useful, please use the link and add your email to the waiting list. It only takes 1 minute:
https://digitexfutures.com/get-early-access/?kid=R2BYN

The Digitex Futures Exchange is one of the first projects to implement the Plasma Protocol, the scaling solution originally described by Vitalik Buterin and Joseph Poon in their whitepaper. Working closely with the Ethereum Foundation, our developers have achieved 25,000 transactions per second, which is 1500x faster than the Ethereum main chain.

How Does Plasma Work?
Instead of depositing DGTX into their trading account by sending them to the exchange, traders will send their DGTX to an independent smart contract that holds onto their money the whole time. This smart contract acts according to known rules and is out of the control or ownership of the exchange. This smart contract can never be tampered with or switched off or edited in anyway for as long as the Ethereum blockchain is in existence.

This smart contract then communicates with our Plasma side-chain and tells it how much credit each trader has. The purpose of using a side-chain is because our side-chain runs only on our node and is therefore blazing fast, processing transactions at 25,000 transactions per second, which is 1500 times faster than the main Ethereum blockchain. All transactions on our side-chain are processed into several blocks per second and these blocks are then batch committed to the Ethereum main-chain every minute.

Despite our side-chain being run by only our node, the whole system is fully verifiable and trustless because we don’t physically have your private keys and everyone can monitor for fraudulent or malicious transactions done on the side-chain by the exchange. If the independent smart contract’s fraud checker verifies a malicious transaction by the exchange, all funds are automatically moved from our side-chain onto the Ethereum main-chain in a mass exit that cannot be prevented by the exchange. All of this means that the trader keeps control of his or her DGTX tokens and doesn’t have to trust our exchange. The trader’s profits and losses are updated on the sidechain in real-time which is possible because they’re not hitting the main chain. This saves not only time but also gas costs.

Technology
The Digitex Futures Exchange software technology stack is built using state of the art industry standard technologies and popular internet standards. We made use of the most secure and best Open Source technologies, while choosing well performing, mature, secure code at every layer of the software.

Our exchange’s code serves and runs in all modern, popular web browsers, as well as running in a browserless environment such as a trading bot or a price data feed client script. The architecture of our exchange is designed as a multi-tier service oriented architecture, with an intuitive event-driven user interface on the front end, and blockchains integrated on the back end.

Digitex’s exchange interfaces the most advantageous side chain providers for the fastest secure cryptocurrency transactions. Digitex utilizes CloudFlare’s Web Application Firewall as the first layer of security against a myriad of common and uncommon public network security threats, while also using CloudFlare’s Content Data Network (CDN) for keeping the network transfer bandwidth low and efficient.

Digitex’s team of engineers uses industry best practices for deploying and managing the exchange in the cloud, for a secure and highly available user experience. At the heart of the exchange is Digitex’s Futures Trading Engine, a proprietary high-performance software tier for making your futures trades simple, fast, and rock solid around the clock, exactly as you expect.

This is my referral link and by you signing up through it, I will move up in the waiting list. You will also be able to promote your link to move up on the list yourself. If you find this info useful, please use the link and add your email to the waiting list. It only takes 1 minute:
https://digitexfutures.com/get-early-access/?kid=R2BYN

Digitex is a tiered model involving a web layer supporting the browser client and public API using an in house Javascript abstraction library and a customisable internal API that supports advanced messaging methods.

There is a high performance event cache within the system which can update millions of clients in near real time with events generated in the order matching system.

The entire back end is dynamically scalable using a variety of techniques appropriate to the component and/or the tier on which it is deployed. AWS auto-scaling is a major component in the web layer with a proprietary scaling solution for the order matching engine which allows us to prioritise busier markets or indices.

The database/account uses a sharding data model design which will allow for seamless expansion of account performance in the future as the population grows.

Zero Trading Fees
There are no transaction fees of any kind on the Digitex Futures Exchange. Traders can submit Maker orders or Taker orders at any time under any circumstances and pay 0% commissions on all trades forever. Digitex’s revolutionary token-issuance model makes commission-free trading fully sustainable indefinitely, and it actually thrives as the exchange gets busier, ensuring the long-term success of the Digitex Futures Exchange.

Non-Custodial Accounts
Traders do not need to trust Digitex with holding their account balance. Your account balance is held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange. Digitex cannot freeze/mismanage/lose your funds because we physically don’t have access to your money. And in the unlikely event that Digitex is hacked there are no funds for the hackers to steal.

One Click Trading Interface
Futures markets are displayed on an intuitive ladder interface. This allows traders to submit buy and sell orders instantly with a single click. With minimal mouse movement and without needing the keyboard, traders never need to take their eyes from the price action. Bids and offers move up and down a central price ladder that allows traders to visualize the market as the price literally moves up and down.

Automated Market Makers
Digitex market makers are automated trading algorithms that are programmed to break even. With their highly active trading strategy and a large trading bank of 20% of all tokens in circulation (200M DGTX), they help create liquid futures markets that have tight bid and offer spreads, even in volatile market conditions, giving traders the confidence of always being able to enter and exit positions which further enhances liquidity.

High Leverage Futures Trading
Digitex futures markets offer traders very high leverage of up to 100x, allowing them to realise large percentage gains (and losses) from relatively small price movements. But unlike other Bitcoin futures exchanges, Digitex does not cancel your winning trade to protect itself from losses if your counterparty’s losing position gets stopped out because he was too highly leveraged.

On-Chain Settlement
Digitex is a hybrid futures exchange that combines the speed and reliability of a centralized order-matching engine with the trustless security of decentralized account balances on the blockchain. This offers traders the best of both worlds when it comes to speed of execution and the safety of their deposits. Traders enjoy the benefits of real-time trading on a blazing fast order matching engine without needing to trust the exchange with their money.

CONCLUSION
This may turn out to be one of the big gainers of all time! While this is not investment advice, you may want to consider getting involved before this train becomes unstoppable. At the very least, get on the waiting list so you can get early access to the platform and trade!

This is my referral link and by you signing up through it, I will move up in the waiting list. You will also be able to promote your link to move up on the list yourself. If you find this info useful, please use the link and add your email to the waiting list. It only takes 1 minute:
https://digitexfutures.com/get-early-access/?kid=R2BYN