Digitex: the future of the Futures Exchange
Its a COMMISSION LESS exchanging stage for future contracts. Indeed u r understanding it accurately, sans commission trade for exchanging advanced monetary forms.
Its insufficient. Its exchanging advanced monetary forms like different trades as well as exchange future contracts. Folks its a most ideal method for drawing in more merchants. Without a doubt there will be no liquidity issue. likewise its a decentralized trade.
Again this isn't sufficient, DGTX token as trade token will be utilized to issue for trade financing. Commission free exchanging benefits is just for holders of DGTX token holders.
Digitex will change the way crypto clients thinks ir exchanges with future contracts. For the most part In prospects exchanging expenses is huge issue. Nobody can book little benefits as a result of exchanging charges and market takes u turn and in the end clients wind up in loosing huge sum, however with this commission free structure its simple to book little benefit as little as u need. with the goal that implies 0.1 more means benefit of 0.1 thus we don't need to make a big deal about expenses.
Presently question comes how exchange gets by without exchanging expenses, as different upkeep required at various stages?
For that trade issuing another trade token DGTX. exchanging expenses structure will be just for the individuals will's identity holding DGTX token. so request of this token will rise to an ever increasing extent and in the long run great volume will take after bringing about taking care of liquidity issue.
Blockchain and Cryptocurrency Technology
The technology that brings to the table digitex allows the creation of a decentralized Exchange where fees for transactions will be null, this will be achieved through the creation of its own native token called DGTX which will be based on the ERC-223 from the ethereum network .
To generate demand for the digitex tokens, a system has been created in which the traders holding tokens can participate in the free market of commissions, this in turn will increase the demand of the tokens allowing to offset the costs associated with the purchase and sale operations. in the Exchange. To make a small inflationary adjustment, only a small number of tokens will be issued each year.
One of the biggest attractions that Digitex Futures Exchange offers and that will be a total boost to its crypto ecosystem, is that the financial assets of the users will not be in the hands of the Exchange but on the contrary the accounts will be subject to an independent decentralized contract based on the chain of blocks of ethereum. The Exchange will update the data and these will be charged to the intelligent contract, but at no time will the Exchange have the user's private keys, nor will it have possession of the assets.
DGTX employs a new system based on decentralized government by blockchain which will control the issuance of tokens in a democratic way to adjust inflationary levels and maintain healthy and sustained growth of the token, thus allowing to be a tool to store value. The voting will be determined by the number of tokens that the users possess being 1 DGTX = 1 vote.
In its initial stage, it is expected that the cost for the operation and implementation of the Digitex Futures Exchange will be fully financed by the profits generated in its Ico phase, so new currencies will not be issued in a period of two years after the official launch. , this is part of a financial strategy to generate a greater demand for tokens which will be limited.
How can Digitex make Profit
a commission free exchange market: digitex company makes profit through their DGTX, a particular number of the token is going to be issued out, and the adopters will hold to sell back at a future date (through the digitex future exchange) because the exchange market is commission free, there will be much users, this will in turn lead to high demand and increase in the cost (value) of the DGTX token, which will on the long run be very benefiting to the company, imagine the price of DGTX growing to $100-1000 in value withing a short period of time "sorry I'm over exaggerating haha" but its possible right, you will angree with me.
DGTX Key Features
DGTX is the local currency of the Digitex Futures Exchange
The tick size of the Digitex Futures Exchange is 1 DGTX token
Requirements for trading each future on the Digitex Futures Markets should be made in DGTX tokens, all financial actions are expressed with the use of the DGTX tokens
Unlike other exchanges where users stand the risk of losing their assets by storing them on the exchange; accounts balances are not stored Digitex Futures Exchange they are stored by an independent smart contract. The funds will be denominated in DGTX tokens, being the primary currency of the exchange
2 years after the launching of the Digitex Protocol Tokens, the new DGTX tokens that will be issued will allow the exchange to operate commission free
At the DGTX Token Initial Coin Offering (ICO) an initial supply of 1,000,000,000 DGTX will be minted, which is one billion DGTX tokens at unset
After the launch of the Digitex Futures Exchange, no additional tokens will be created, this allows the initial tokens circulate and increase in value
And 2 years after the launch of the platform, a new set of DGTX tokens will be issued, and this will be used to cover the cost of running the Digitex Futures Exchange
Within the 2 year duration after the DGTX ICO, the Digitex Futures Exchange will attract traders who will hope to take advantage of the commission-free exchange, this will drive up price and liquidity of the DGTX token. This demand will offset the inflation that will result from the creation of new DGTX tokens
DGTX is an ERC - 223 token, and it can be traded for other cryptocurrencies including BTC, ETH on the Digitex Futures Exchange
Holders of the DGTX tokens can actively trade either buying or selling of liquid futures contracts, on the market price of BTC/USD, ETH/USD, LTC/USD. They can trade these currencies without incurring cost in transaction fee, similar trades on other exchanges will incur commission fees.
About Token
The Digitex Token is sigbol (DGTX), and >DGTX are the very reason that the Digitex Futures Exchange will be able to offer commission free trading. Since all profits and losses are expressed in terms of DGTX, traders must own DGTX to take advantage of the commission free system.
This means that users need to have DGTX tokens. This will ensures that DGTX are always in demand and users will make sure that too much of the tokens is not issued out.
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