Digitex's Future Blockchain for Crypto Trading

in #originalworks • 6 years ago


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How can the Digitex Futures exchange be free?

There are no transaction fees in any form on Digitex Futures Exchange. Traders can send Maker orders or Taker orders anytime and under any conditions and pay 0% commission for all trades forever. Digitex's revolutionary publishing token model makes the commission free trade fully sustainable indefinitely, and it really evolves as exchanges get busier, ensuring long-term success of the Digitex Futures Exchange.

How does it work operationally?

The Digitex futures market is displayed on an intuitive staircase interface that allows traders to send buy and sell orders directly with one click. With minimal mouse movements and without the need for a keyboard, traders don't need to take their eyes off price action. Bids and offers go up and down the central price ladder that allows traders to visualize the market because prices really move up and down.

Digitex uses blockchain technology to eliminate transaction costs by printing a number of new DGTX tokens every year. This token issuance revenue model is regulated democratically by its traders, for the benefit of its traders, through Decentralized Governance by Blockchain. This means that all DGTX token owners collectively decide when, if and how many new tokens are issued to cover the costs of operating the futures exchange.


source

Who pays for Digitex maintenance?

The Digitex Futures Exchange is a software platform that is currently being developed by Digitex or its affiliates which, subject to further development, is intended to provide a commission-free futures market at various cryptocurrency prices. The original currency of Digitex Futures Exchange is the TOKEN DGTX, which means that all trading, loss, margin payments, deposits, withdrawals and account balances in TOKENS DGTX denominations.

How does this affect the price and economy of tokens?

When you remove transaction cost constraints, you get a highly liquid market because traders are involved in high volume, single tick trading strategies that are not feasible in other exchanges because of commissions. Liquidity is further strengthened by the presence of an automatic market maker, funded with 20% of the total supply of DGTX tokens, which are programmed to break even while keeping spreads tight at all times, even in unstable market conditions.

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6 years ago in #originalworks by
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