DGTX PLATFORM
INTRODUCTION
Digitex is a platform that decentralize account balances of those that use the platform it also enables traders to be able to use the platform for the exchange of crypto currency in a lifetime trading environment.
It enables traders ot enables traders to be able to trade without the high costs of transaction fee and risks of transferring, storing and paying in full for the actual underlying
instrument on whose price they are trading. Whether on soybeans, gold, government bonds or Bitcoins. Regardless of crypto currency, futures markets are a valuable financial tool for facilitating price
trading by reducing friction and costs.
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, trustless 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.
VISION
Revenue Generation by Token Issuance instead of Transaction
Fees The creating of ERC-223 compatible protocol token on the Ethereum blockchain, called the DGTX token, and using it as the Digitex Futures Exchange’s. With DGTX There will be no new token issuance for the purpose of revenue generation for
approximately 2 years after the launch of the Digitex Futures Exchange because the
costs of running the exchange will be covered by the proceeds of the DGTX ICO.During this 2 year period new user registrations and trading volumes on Digitex futures markets will likely rise sharply, and all new traders will be competing to buy a limited number of DGTX tokens. Any price rise of the DGTX token caused by this sharp increase in demand will lessen the inflationary impact of the first token creation event by reducing the number of DGTX tokens that must be created to cover upcoming costs.
Around the start of 2021, the Digitex Futures Exchange will start creating new DGTX tokens to cover the costs of operating the Digitex Futures Exchange. These costs will include software development, servers, staff, premises, marketing, support and all other associated costs. Based on the projected costs and the current
price of DGTX, traders will vote on how many new tokens to create to cover those
projected costs. The vote will be done through Decentralized Governance.
FEATURES OF DGTX
• Buying and Selling DGTX Tokens
• Trustless Futures Trading
• The Ultimate Ringfence
• Automated Market Makers
A highly liquid market in DGTX tokens is essential to the success of the Digitex Futures Exchange. Buying and selling DGTX tokens must be free, quick, easy and as frictionless as possible. Traders must be able to instantly convert a wide range of
crypto-currencies into DGTX tokens and back again with little to no spread and with zero transaction fees. Many traders will be happy to buy and hold DGTX tokens long term, but many other traders will buy DGTX tokens only when needed and then convert them back into ETH or BTC as soon as they close their positions.
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.
Yes thats good platform
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