Digitex Futures Exchange

imagen (70)in #steempress • 6 years ago (edited)

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"Digitex is the first Futures Exchange without commissions in the Blockchain"

Futures Contracts

Futures contracts are a contract between two parties to transfer an asset at a specific price at a specific future date. They are also called futures, mainly futures contracts are traded in financial markets, are also used to operate assets such as stock indices. "Futures play a fundamental role in the stabilization of naturally volatile markets"

Here is a video presentation of the Digitex Futures CEO Adam Todd

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The Digitex Protocol Token.

Since the Digitex Futures Exchange platform is based primarily on their token (DGTEX) to use the functions of the platform, we must have the DGTX tokens,so as volumes and liquidity increase, demand for DGTEXs also increases. The tokens will be used to buy/sell futures contracts within the Blockchain

Token

The Digitex Token (DGTX) works with Etherum technology (ERC-223), the Digitex platform is based mainly on its DGTX token, the trading operations within the platform must be compulsorily with DGTX Tokens, this will make "the operational cost of the activities of the stock exchange will be paid with the issuance and sale of new currency instead of charging a transaction fee in all contracts". When the volume of negotiation and increase of liquidity increase, it makes the DGTX have more demand which is beneficial for the authors of this token because its value increases.

At the level of Token statistics, as Digitex Futures is the platform without commissions, effective and easy to use of the future trading platform, It is very common that Digitex creates a lot of interest and attracts many people,which will see Digitex as a utility or investment opportunity making the Token more known and used, thus increasing its circulation and volume.

The future of this token is predicted by many experts,and you do not have to wait many months to see the gigantic growth that this token has had, 3 weeks before September 8: when the token was quoted at $0.004417 and after the days passed until September 8 the token was quoted at $0.045796, this is an increase of 937% in trading volume, this unlike other cryptocurrencies is something incredible, how it is possible that in times of regulations this token increases its price so fast, while the vast majority of cryptocurrencies (especially the top 10) are drastically falling in price, this is due to the high demand for non-commission operations .So like Dave Rater says. "Seatbelt! 2019 could be a very exciting year for the DGTX token!"

Source

In the image above there is a comparison between the top 10 current cryptocurrencies versus the Digitex token, this image was taken on September 13th approximately, so the variations are not very serious, although lately there have been these changes between the Dash and Tether, that these days exceeded the cryptocurrencies of Monero, Cardano and Dash, thus removing Dash from the list of the first 10 main cryptocurrencies, but this is not the case.

As we can see, without a doubt Digitex is superior to all the cryptocoins in the list, this year of strong regulations has not been a problem for DGTX, it is said that DGTX grows so much because "it is about to launch a revolutionary product that will completely change the way in which futures exchanges operate." according to the Digitex Blog.

Much of this growth is said to be due to Momentum operators, Momentum operators triumphed a lot in 2017 with respect to Bitcoin, if they go the same way with Digitex the volume could increase a lot if they fix a position and everything would happen in a short period of time and recent movements have already been appreciated, for now on September 8 (less than 2 weeks since the publication of this post) the volume of operations reached the maximum number that has arrived since 2018 increasing by 937%.

Characteristics of the Token in 2018 and for the future

In the ICO of Digitex Future 1 billion tokens will be available for sale and will be distributed as follows:

20% for theMarket Makers
65% for the General Public
10% for the Digitex Team and the advisors
5% for theReferrals

<div class="text-justify> So taking account 90% of the initial tokens will be in circulation, up to 3 years to get more tokens. The initial offer started on ** January 15 ** and each token has a value of 0.01 $. From the initial date only 17 minutes passed since they reached 5.2M.

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Use case

Let's imagine that Luis is a short-term seller. The ETH price is coming down, so Luis offers and sells 250 futures contracts ETH/USD with a price of 502$. Once the price drops to 501$, Luis decides to buy with just 1 click 250 contracts at $501, so taking accounts, Luis has had a benefit of 250 DGTX and imagine that the price of each DGTX is 0.1$. 0.1 x 250 = 25$. Luis' initial margin requirement to open his operation was 250 x 20 DGTX = 5,000 DGTX
($500). He needed so much in his account to be able to enter the trade. Your balance account is maintained by an independent smart contract, not for the exchange. So since it was a successful operation without commissions, Luis' income is exactly $ 25.

This example was taken from the Official Whitepaper of Digitex Futures Exchange, if we make the same Use Case with platforms like Bitmex = the profits of 25$ will be reduced to 6$ approximately and with Kraken, the earnings are negative, because there is a loss of $ 40

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Conclusions

Digitex allows us to integrate into the world of futures contracts (with decentralized accounts), since previously it was a great challenge to be able to integrate due to the large commissions and other aspects. People who have few funds can start trading without being consumed by the commissions of the other platforms. The operation of Digitex, together with liquidity, like the automated market makers, makes the solution attractive for merchants. This is the innovation for the Futures Contracts.

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Roadmap

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Team

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More of Digitex

-Webpage
-Whitepaper
-Youtube
-Blog
-Telegram
-Facebook
-Reddit

Steem Bounty and Early Access

If you already fully understand the platform and want to be part of the token owners, you can participate in the Airdrop or buy chips at the price quoted in the real market. They are also launching a Bounty for Steemit users in which only by registering you can be benefited if you show them correctly.

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