Meet Digitex! : Hybrid built, Free Futures Exchange You Can Trust!

There are always two sides to a coin, so they say. But this potent reality also offers us a glimpse into how things pans out in the cryptocurrency space especially when it comes to investing in this digital commodity. Essentially, every investor wants to maximize the returns on his crypto investment but due to the inherent volatile nature of cryptocurrencies, the odds of making a good profit on an investment can dwindle within a twinkle of an eye. Therefore potential profit/loss Swing mechanism presents the two feasible sides of a coin to cryptocurrency trading.

So in order to minimize risk and guarantee profit on cryptocurrency investments, traders have set tabs on futures trading to sufficiently capitalise on the market uptrends/downtrends and make consistent profit either on a short term or long term basis.

Essentially, Futures trading is simply a leverage mechanism employed by traders to ensure they make profit on a cryptocurrency investment or commodity. An example of a futures exchange is Bitmex

Before now, futures trading achieves this simple goal for investors by going through a "Commodity broker" who acts as a middleman between the investor and the futures exchange. This arrangement provides a visible problem because this means that investors have to pay extra fees: **Commissions** to employ the services of this limited brokers which automatically means that demand drives the price high; ultimately rendering their net profit negligible or running into a loss.

These makes the system not ideal or attractive for short term investors due to the risk of accumulating high commission fees on every potential deal, driving the liquidity of these cryptocurrency to new lows!

A centralised futures exchange like Bitmex also has an inherent problem because they are less secure making them bullseye for hackers; which means that investors funds are at a risk of being siphoned from their account on these central exchanges.

One of such cases that comes to mind is the recent cases of Mt. Gox and Bitfinex where hackers were reported to have stolens millions of dollars worth of bitcoin. Although, centralised exchanges have some good features too such a fast transaction window. Which is why deploying an hybrid exchange with sufficient liquidity seems like the perfect option for traders and investors who want to stay in the loop.

Digitex is a solution which is inspired to meet all the challenges of the present system for futures traders.

Digitex is the first commission-free futures exchange on the ethereum blockchain.

Based on the ERC 223 DGTX token; Digitex will deploy smart contract on the decentralised ethereum blockchain for trading digital commodity like bitcoin, ethereum and Litecoin

Commission-free Futures Exchange

Unlike conventional futures exchanges like Bitmex who charge high trading fees thereby hampering traders from making gains on short-term trades; Digitex seeks to offer traders the chance to easily trade their futures commodity without any "middlemen" charges quote and unquote.

It is this simple
For instance: A trader could buy ethereum at a say $120 and sell it at $121 without paying the 0.075% (0.00075120 = $0.09 per 1 dollar profit)* fee charged by Bitmex; which means that comparatively he makes a short gain of $1 on this transaction compared to Bitmex exchanges where he loses $0.09 on every such transaction. Which means that buying and selling on the centralised exchange will attract an average commision fee of $0.18 on every $1 profit. This fee increase with the price of ethereum!

This is possible due to the DGTX token economy; which is the native currency of the Digitex platform that drives all activities within the Digitex ecosystem.

The DGTX token issuance will serve to cover the cost of operating the Digitex Futures exchange.

Apart from this, there are other use cases of the DGTX token within the Digitex economy is summarised in the chart below

Hybrid Economy

Due to the high risk associated with centralised exchanges, Digitex is adopting an hybrid mechanism that consist of a centralized matching engine and a decentralized account balances to solve many of the issues associated with purely decentralized exchanges.

Digitex Futures exchange therefore leverages the good feature of centralised and decentralised exchanges to create a perfect exchange for traders, some of which are directly affecting traders efficiency and throughputs.

For instance storing order books, settling trades and running matching engines on a centralised server offers more seamless transition when compared with managing same task in a distributed ledger environment like the blockchain. Meanwhile the blockchain offers offers a clear advantage in terms of security and user-control.

Digitex will offer traders the blend of security,synonymous to decentralised exchanges and the flexibility of using a centralised User-friendly features to easily set and manage their trades.

Why Digitex Futures Exchange Over Existing Centralized Exchanges

Digitex Futures exchange offers clear advantage over using a centralize exchange when trading futures commodity for short term profits.

Zero Trading Fees

No transaction cost is incurred by traders on this platform sufficiently backed by their superior token issuance mechanism that ensures the commission-free trading is fully sustainable. Due to this reason, traders can apply low profit and low risk strategies and still be profitable without the fees eating away at their profits!

Decentralized Account Balances

Traders funds are securely locked via a smart contract on the ethereum blockchain not on the exchange. This ensure that Digitex doesnt have access to traders funds. Also in the unlikely event of an attack on the exchange, hackers will not have access to the trader's funds.

           Digitex cannot freeze/mismanage/lose your funds

Highly Liquid Futures Matket

A transaction-fee less exchange will obviously drive traders to complete more trade actions which consequently drives liquidity level high. Also as a means to drive liquidity high, Digitex have automated market makers, funded with 20% of DGTX tokens to keep the DGTX token floating even in a highly volatile market condition.

Off Chain Price Discovery, Onchain Settlements

This is an inherent property of the Digitex ecosystem because of the leverage oppurtunity afforded by the good features of a decentralised(DEX) exchange and the centralised option(CEX).

Consequently, this hybrid exchange offers users the speed of executing transactions and the safety of their deposits

Digitex Native Currency

Digitex futures exchanges has its own native cryptocurrency. Ticker value is DGTX and it has some uses within the Digitex economy that makes it serves as an utility token and a store of value.

       DGTX Use cases
  
     As an Utility♨️
     
     + Margin requirements are payable in DGTX tokens
     

     As A Store-of-Value🗳

     + All trading profits and losses are denominated in DGTX tokens
     + Deposit and withdrawals are denominated in DGTX tokens

Self-generated running cost

Instead of exhorting high transaction fees from trader's as an exchange for using their platform; Digitex exchange through the token issuance revenue model will generate its own fund operational funds from sale of the DGTX token ensuring that active traders are unnecessarily exploited. Thereby encouraging more traders to sign up on the platform. Digitex futures exchange believes in customer-rich/user-centric policies. A value which Adam and his team shares.

Other Features and Benefits that are derivable from using Digitex Futures Exchange are

• Bitcoin, Ethereum & Litecoin Futures
• One Click Ladder Trading Interface
• Large Tick Sizes
• Sub-Milliseconds order matching
• Off-Chain Price Discovery, On-Chain Settlement
• Decentralized Governance by Blockchain
• Complete Privacy
• Blockchain Driven
• No Auto Deleveraging

Governance Mechanism

The Digitex ecosystem is governed by the DGBB (Decentralized Governance By Blockchain) which means that Digitex token holders will act their own collective self interest by enabling them to vote on token issuance in regards to how many DGTX token need to be minted to cover operational cost all in a bid to promote a fair and transparent exchange platform.

However, DGTX token owners can delegate their voting power to a trusted person who votes on their behalf as the case maybe.

Use Cases

Short term Trading

Mike has being using XXX exchange for buying and selling his cryptocurrency assets on a daily basis but at the end of his trade activities, he finds it hard to reconcile his investment portfolio with his profit margins easily because of complex and often unclear fee structure and which is adopted on this exchange. This has turned Mike into a mini-harlot of a trader who keeps trying different options just to suit his requirements of being able to project his earnings on any given transactions, but so far all efforts proved abortive.



So a friend introduced him to Digitex Futures exchange where every transactions attracts zero-percent fee. He was lucky enough to buy the Digitex token when it is still very cheap and starts trading on the platform immediately it was launched.



At the end of the day, Mike was able to get himself a high liquidity platform with zero transactions fee which means by directly buying the DGTX token he is incentivizing the exchange to run a commision-free trading and also able to reconcile his wallet balances which he manages independently ensuring he is secure at all times. This gives mike a high credit score among his co-traders!

Conclusion

Having the ability to trade cryptocurrencies with minimal friction, risk and centralization is important to the process of wide cryptocurrency adoption. The Digitex platform will make

• The exchange process to be swift
• Remove gatekeepers, middlemen and offers no transactional fee
• Facilititate regulations to the high volatile futures commodity such as Bitcoin
• Ensure a high liquidity environment to drive high trade actions.

All these are possibilities via Digitex!

Synopsis

Futures Contract	BTC/USD	ETH/USD	LTC/USD
Ticker Size	$5 USD	$2 USD	$1 USD
Tick Value	1 DGTX	1 DGTX	1 DGTX
Maker/Taker	0%	0%	0%
Finding Cost	0%	0%	0%
Maintenance Margin	10 DGTX	10 DGTX	10 DGTX
Initial Margin	20 DGTX	20 DGTX	20 DGTX
Contract Duration	24hrs	24hrs	24hrs
Contract Type	Contract For Difference (CFD)	CFD	CFD
Settlements	00:00 GMT Daily	00:00 GMT Daily	00:00 GMT Daily

Exchange Overview