Digitex: the first, commission free Futures Exchange on the blockchain.

in #originalworks6 years ago (edited)

Hi friends.
How is it going today?
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I'm going to talk about Digitex Futures Exchange. And I'm going to participate in Sponsored Writing Contest by @originalworks. Here is a link to the contest.

Sponsored Writing Contest: Digitex


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Introduction:

Digitex is a commission-free futures exchange where there'll no need of any transaction fee.

My opinion about Digitex:

  • How it will change the way cryptousers interact with Futures:
    As this service is offering commission-free futures exchange; cryptousers would love to interact with it. It's the first that's offering service without fee, So why anywhere else? I don't think cryptousers are that dumb. It will be a great interacting place for cryptousers.
  • Why are fees problematic for users trading in Futures:
  • How does creating a no-fee futures exchange allow users to gain more from their trades:
  • How are trading fees killing trader profits:
    Various service gets various percentage of fees. If you give a tiny fee for a small amount then that won't make any difference. But when you need to make a transaction of really big amount; your fee will also be a big amount and that would be a problem or you won't like it as you might have earned your cryptos with much hard works. So without fee; it's good enough for the engagement.
  • With such a strong foundation and fast growth, where I'm seeing Digitex in 2019, 2020, and 2021:
    It's already 2018 and future prediction can't be real in this crypto platform as we know the system of it. I'm not talking about 2019 or 2020, But seeing the plan of Digitex; if they can make it then I can say they'll be on the top in 2021.

About the DIGITEX Futures Exchange:

  • Zero Trading Fees
    By using its own native cryptocurrency, called the DGTX token, the exchange covers costs by minting new tokens instead of charging transaction fees on trades.
  • Decentralized Accounts
    All account balances are held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange.
  • Decentralized Governance
    Traders on Digitex use Decentralized Governance by Blockchain to determine how many new DGTX tokens to issue and when.

Watch the DIGITEX Futures Exchange in action:

The Digitex Futures Exchange offers futures markets on Bitcoin, Ethereum and Litecoin against the US dollar. Traders submit buy and sell orders instantly with a single click on an intuitive ladder trading interface that displays live bids and offers moving up and down on a central price column. Large tick sizes eliminate noise and make short term scalping viable, creating highly liquid markets with zero trading fees.

About The DGTX Token:

DGTX is the native currency of the Digitex Futures Exchange in which all account balances and trading profits and losses are denominated.

ICO:
The DGTX token was created for the upcoming Digitex Futures Exchange Platform, during our ICO, DGTX sold out in 17 minutes raising $5.2m. The platform will be the first exchange on which traders will be able to make short-term speculation on the price of Bitcoin, Ether, and Litecoin, and not have to pay commission on the transaction fees. This will allow traders to make rapid, small-profit trades, something that is not possible in today’s market.

  • In Demand From Traders:
    Traders must own DGTX tokens to participate in Digitex's commission-free futures markets, creating demand for the token.

  • Utility Token:
    The DGTX token has real utility and value as an essential component of Digitex's revolutionary new futures exchange model.

  • Right Place, Right Time
    The DGTX token is the perfect play for capitalizing on the exponential increase in Bitcoin futures trading interest coming in 2018.

The DGTX Token is a protocol token that has real world utility and value. Its value derives directly from its utility as a vehicle for the commission-free trading of liquid futures contracts on the price of Bitcoin, Ethereum and Litecoin against the US Dollar. As more traders are attracted to the commission-free markets of the Digitex Futures Exchange, demand for DGTX tokens will increase. Increasing demand for DGTX tokens from traders who are attracted to commission-free futures markets will outweigh the inflationary cost of minting a small number of new tokens each year.

DGTX​ ​Token​ ​Supply​ ​and​ ​Distribution:

  • DGTX​ ​Token​ ​Sale​ ​-​ ​700M​ ​DGTX​ (70%):
    700,000,000 (700M) DGTX tokens were sold to the public at $0.01 per token in the DGTX ICO on January 15th. All available DGTX tokens sold out in only 17 minutes, raising a total of $5.4m from 2,530 buyers.

  • Digitex​ ​Market​ ​Makers:​ ​200M​ ​DGTX​ (20%):
    Digitex market makers are automated trading robots programmed to break even. They will use their large trading bank of 200m DGTX tokens to maintain highly liquid markets with tight bid and offer spreads, even in volatile market conditions.

  • Team​ ​(current​ ​and​ ​future):​ ​100M​ (10%)
    The team's 100m DGTX tokens are locked into a 3 year vesting schedule, ensuring the team has strong incentives to create a stable, self perpetuating business model that provides ongoing and consistent demand for DGTX.

  • (Source)

Digitex 2018 Time Line

Digitex​ ​Team


Adam Todd
Founder & CEO

Ex pit-trader on the London International Financial Futures & Options Exchange (LIFFE). Founder of BetTrader, a popular ladder trading interface that's been online for 14 years that connects to the world's biggest betting exchange, Betfair.com. Adam was one of Betfair's most successful sports traders ever, once going 8 months of full time daily trading without a losing day.


Lee Mayne

Head of Operations

Lee has experience in helping small-to-medium businesses meet their technology & online needs. His skills run the gamut from UX to hosting expertise. He has been involved with trading applications and exchanges for both the sports-trading and iGaming industry for the last 10 years, having lived in Malta, Dublin and the London area. A skilled people-person, Lee also brings out the best in organisations and people.


Martin Deering

Head of Information Technology

Martin has worked in the publishing, web-development, and localisation industries for over 20 years, creating bespoke publishing and database solutions. He holds degrees in German and Psychology, and is happiest when getting computers to do all the work for him.


Lidia Yadlos

Head of Marketing

Lidia has been working as a Digital Marketing professional for the past 8 years. She has a B.S. in Business Marketing from Kean University. Her expertise ranges in content development, social media management, PR, media buying, website design, brand direction and advertising campaigns. She has spent the past few years in NYC working as a marketing consultant for clients ranging in verticals such as tech-startups, fashion and event production.


Dmitrij Szewcow

Communications Manager

With over 7 years of experience in sales and customer service working in a variety of companies in the UK, including telecoms and real estate, Dmitrij widely polished his skills as a communications manager before joining Digitex. He has also been a part-time trader on Betfair and a keen Cryptocurrency investor since 2016. Dmitrij can also read people’s minds, having been a professional poker player for 6 years.


Sona Gill

Communications Manager

With a degree in Accounting and Finance, Sona has been personally investing in the crypto world since early 2016. He has gained a strong understanding of blockchain technologies and its potential. His valuable customer support skills from working in a variety of industries have been a huge asset to the Digitex team. He is well known as one of the "voices" of Digitex, educating our community on our project and offering support around the clock.

More Information & Resources:

  1. Digitex Website
  2. Digitex WhitePaper
  3. Digitex Blog
  4. Digitex Telegram
  5. Digitex Reddit
  6. Digitex Facebook
  7. Digitex Twitter
  8. Digitex YouTube

Wait here please.

Everything that was found above except My opinion about Digitex all i acquired from the official website of DIGITEX and from the contest post of originalworks.

I hereby am giving the credits to the webpage of digitex for these nice information and the awesome service.

It's all I can give.
I hope this will be a valid entry.

Link to the contest

Link to the tweet

digitextwitter
digitex2018

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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin6539.596$0.92%1.99%
DGTXDigitex Futures0.031$16.25%-19.07%
ETHEthereum224.199$7.85%5.38%
LTCLitecoin58.006$7.32%4.05%
STEEMSteem0.741$5.1%-8.58%

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