Digitex Futures Exchange

in #contest6 years ago (edited)

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Digitex Futures Exchange

It is a fee-free exchange for futures markets that manages its own token and uses decentralized smart contracts of Ethereum technology that guarantee safe and reliable transactions among merchants. The Exchange does not control the funds of the participants nor the responsibility of keeping the master key secure, this is exclusive control of the merchants.

Digitex Futures Exchange will be one of the first platform to incorporate Plasma technology, which solves the problem of scalability; offering operators instant results, according to Christina Comben, in 7-awesome-facts-digitex-futures.


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But, what are future markets?

Futures markets are purchase and sale contracts between two parties, where the seller commits to deliver an underlying asset in the future (oil, agricultural products, precious metals, financial products, bitcoins, etc.) in a quantity, in a price and in a determined time to the buyer.

The buyer is obliged at the end of the contract to buy the asset. Depending on the price of the future, if this price is lower than that agreed in the past, there will be losses, but if it is higher, it is considered as a gain.

On the other hand, the seller is obliged to sell the underlying asset at the agreed price at the time of contract closure. If for the moment the price of the future is lower, it is considered to be a benefit, but if it is greater, it will be considered a loss.

Digitex Futures Exchange through its decentralized intelligent contracts and operating on blockchain technology guarantees traders that armored compliance agreements. Generating confidence


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Token DGTX, the native currency of Digitex Futures Exchange

Digitex Futures Exchange generated its own cryptocurrency native ERC 223 protocol based on ETHEREUM and that can be exchanged for any cryptocurrency.

100% of the commercial activity in DIGITEX will be done exclusively with DGTX Tokens, that is, all aspects of the exchange such as balance of accounts, profits and losses, liquidation process, etc., will be included in the token. This will cause the demand to grow.

key elements of the DGTX token:

  • DGTX is the protocol token that is the native currency of the Digitex Futures Exchange.
  • The tick value of every Digitex futures market is 1 DGTX token.
  • Margin requirements on each Digitex futures market are payable in DGTX tokens because profits and losses are denominated in DGTX tokens.
  • Account balances on the Digitex Futures Exchange, which are held by an independent smart contract, are denominated in DGTX tokens.
  • It is the creation of new DGTX tokens after approximately 2 years that allows the exchange to operate without needing to charge transaction fees.
  • The DGTX Token Sale/Initial Coin Offering (ICO) creates an initial supply of 1,000,000,000 DGTX (one billion DGTX tokens).
  • There is no creation of new DGTX tokens for the first 2 years after the launch of the Digitex Futures Exchange.
  • Approximately 2 years after launching, the Digitex Futures Exchange starts to create new DGTX tokens to cover the costs of running the Digitex Futures Exchange.
  • New token issuance causes inflation but it also creates high demand for DGTX tokens by subsidizing commission-free futures markets that attract large numbers of traders who must buy DGTX tokens to participate.
  • DGTX is an Ethereum based, ERC-223 token that will be freely tradable for Bitcoin, Ether and many other cryptocurrencies on the Digitex platform through integration with trustless, decentralized token trading protocols such as swap.tech, 0xproject.com and bancor.com.
  • Traders can eliminate DGTX price risk from their trades with the DGTX Peg System.


Dave Reiter proprietary trader of commodities and digital currencies wrote an article summarizing the main reasons to buy Digitex tokens Top-five-reasons-why-you-should-buy-dgtx-tokens


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Digitex 2018 Time Line


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Digitex Team

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Video




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This is a contest sponsored by @OriginalWorks. Visit the post 1250 STEEM ~ Sponsored Writing Contest: Digitex to learn their guidelines and participate.


Fuentes:
https://es.wikipedia.org/wiki/Contrato_de_futuros
http://economipedia.com/definiciones/mercado-de-futuros.html
https://blog.digitexfutures.com/digitex-futures/top-five-reasons-why-you-should-buy-dgtx-tokens/
https://blog.digitexfutures.com/digitex-futures/the-skys-the-limit-a-look-at-dgtx-tokens-explosive-growth/
https://digitexfutures.com/
https://www.instagram.com/digitexfutures/

digitex2018
digitextwitter
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