Digitex the Commission-Free Crypto Futures Trading Exchange is Here

The current state of crypto world

Cryptocurrencies are the future of money and they offer great opportunities to trade and multiply your holding.

The challenges and opportunities in the crypto world

Government regulations and the fact that cryptocurrencies are still in a nascent stage of development provide a great opportunity to trade in the futures market.

Trading in the futures market means....

Futures are a promise/contract to buy something at a specific date - a standardized asset or commodity (apples, oranges, etc), at a specific price.

This is an indispensable tool that is provided by some well known exchanges.
These exchanges charge a fee from the trader on every trade that the trader wants to execute.

This is the current way of working and an extension of the wave the the futures market work in the fiat world.

The crypto world needs a change

In the crypto world we do everything differently and more efficiently so why not improve upon the way the the futures markets work.
Perhaps out of the need to improve the working of the futures market has given birth to the idea
of the Digitex futures exchange.

Is Digitex futures exchange Just another exchange added to the list of so many crypto futures exchanges ?

Not quite, the Digitex futures exchange is the futures exchange that turns the the ideas behind the conventional futures exchange upside down .

The Digitex futures exchange differs from other exchanges in the following ways
i) Digitex does not charge any commissions : This is the business model behind this exchange.
for this to be viable there are a number of steps taken.DGTX which is the native currency of use
on the Digitex futures exchange is used exclusively as money for all transactions on the exchange.
This would imply that a person would need to buy and transact with DGTX token on this exchange.
The free feature that means no fee to be paid to the exchange would entice more people to come to the exchange and trade. If we compare trades on exchanges like Kraken and Bitmex.com with trades on Digitex we find that the commission paid to the exchange plays an important role in determining if a trade is profitable or a loss making one.

The above fee comparison chart shows that the same trade that can be a loss making one on
Kraken due to its high fee can be a moderately profitable one on Bitmex.com and substantially
more profitable on Digitex.

ii) Most exchanges hold the user funds with them. Unlike these exchanges Digitex does not hold
the users funds . A smart contract is used to carry out the transfer and holding of funds. This is a much more secure way of managing the user funds.

iii) To fulfill the financial needs, Digitex mints more Digitex tokens (DGTX) to cover the expenses.
iv) Digitex uses decentralized governance and empowers the DGTX token holders to decide how many tokens need to be minted.
The token holders try to achieve a balance between the demand of tokens and the requirement
to cover costs by minting more tokens .
v) A pool of tokens is maintained to ensure sufficient liquidity in the market.

As trades without a fee create opportunities to create profit even when there is very little price
variation in the crypto being traded . This would encourage more people to trade on the Digitex
futures exchange . These higher volumes means more people buy hold and use the DGTX tokens. This behavior would boost utility of the DGTX tokens.
The increased demand would make the value of the DGTX tokens to increase over time.

Digitex roadmap for 2018

More Information & Resources:

• Digitex Website
• Digitex WhitePaper
• Digitex Blog
• Digitex Telegram
• Digitex Reddit
• Digitex Facebook
• Digitex Twitter
• Digitex YouTube

https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex

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