DIGITEX - A commission-free, trustless futures exchange for trading digital currency prices

hboi (59)in #crypto • 6 years ago (edited)

1.0 Introduction

The world of crypto keeps increasing with new airdrops and so finding their way into the exchange market, most cryptocurrience needs conversion and you still get to use the exchange market to trade it. Escrow and crypto exchanges still place out a way to facilitate prices in trading, giving traders a means to trade price on the ground of low cost, but their transaction fees are still suggestive. Be that as it may, regardless of lower costs, exchange charges are as yet critical on high volume, low overall revenue fates exchanging procedures. They go about as an enormous brake on the capable liquidity of prospects advertises by changing over hardly beneficial methodologies into mislaying methodologies and this conversion is done way after commissions.

1.1 What is What is Digitex Futures Exchange?

_{image from cryptovibes}

Transaction free fees initiated and being the first every commission-free, trustless futures exchange for trading digital currency prices,this fees elimination is done with the help of DGTX token, based created on Ethereum token and the DGTX token happens to be its own native currency.

Rather than charging exchange expenses on exchanges. Expanding interest for DGTX tokens from merchants who are pulled in to sans commission fates markets will exceed the inflationary cost of stamping a modest number of new tokens every year.

_{image from youtube.com}

With DGTX tokens, proprietor of DGTX tokens can take part in the purchasing and offering of Liquid currencies contracts on the cost of Bitcoin against the US Dollar,Litecoin against the US Dollar and also Ethereum against the US Dollar and without bringing about any exchange charges on their exchanges, making it a commission free layout.

On the off chance that a similar trader purchases and offers comparable prospects contracts on some other exchanging platform, he will compensate for trading fees,although these commission expenses as a result of trading can be significant for exceptional traders who happens to be active with DGTX.

As such, the activeness of traders tend to be a direct proportion with the benefits of DGTX,the more prominent the inborn estimation of DGTX to that trader on the grounds that each time he purchases or offers a Digitex activities, the higher the chance of him not paying a commission.

2.0 Trustless Futures Trading

As regards the realness of most coins as per the blockchain, persons still find it difficult to lay full trust on contract,exchanges and Escrow.Digitex Futures Exchange has supplanting incorporated centralized record adjusts with an autonomous, decentralized contract on the Ethereum blockchain, traders can utilize the Digitex Futures Exchange without confiding in the trade with their cash.

_{image from digitexfutures.com}

The issued number of DGTX can be determined by its holders or on the other hand appoint their voting capacity to a confided in specialist.

The exchange doesn't uphold or have access to your private key, giving you a self and full control of your tokens on the platform and as such, no fear of involving a third party or anyone into your asset, although cases of such has been recorded on some platform but Digitex Futures Exchange has been able to created a platform of trust.

3.0 The Digitex Futures Exchange

originalworks

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

_{image from blog.digitexfutures.com}

Digitex futures exchange is a trading platform that doesn't hold the funds provided by the client. It is a combination of both the speed and reliability of a centralized order and the trustless security of a decentralized account balance. Buying and selling of digital currencies are done with zero transaction fees.
Features and benefits of the digitex future exchange include

Zero Transaction Fees; for all transactions made; from placing orders, submitting orders and receiving orders done any time, under any circumstances cost only 0% commission on all trades for ever.
Decentralized Account Balance; account balance are not held by digitex, but rather they are held by a decentralized and independent smart contract on the ethereum block chain. This means that in the event of a hack, all funds will still be secured.
Automated Market Makers; this is achieved by digitex trading bot with an encoded algorithm to brake even with a trading 20%.
Highly liquid futures markets
Digitex native Currency
Token insurance revenue model
Bitcoin, ethereum & litcoin futures
One click ladder Trading Interface
Large tick size
Highly leverage
No auto deleveeageing
Sub-Millisecond order matching
Off chain price discovery, on-chain settlement
Decentralized governance by Block chain
Complete Privacy
Blockchain Driven.

4.0 Decentralized Governance by Blockchain (DGBB)

Decentralized Governance by Block chain.
Digitex; using Block chain technology as it's engine, provides a platform in which orders are made, received and submitted with zero transaction fees by the invention of it's own cryptocurrency and smart contract enables digitex to places the account balance of it's traders in a decentralized and independent system. This enables digitex to operate trustlessly and adapt quickly to changing conditions.

_{image from blog.digitexfutures.com}

4.1 Voting on New Token Issuance

Issuance of DGTX token is done by submission of proposal by DGTX token owners. The proposal covers how many new tokens should be issued to cover the operational cost of running the future exchange. Other responsibilities of owners of the DGTX token include; they must balance inflationary cost of creating new tokens, preserve the value of the DGTX by minimizing the Creation level of new tokens whilst ensuring that the number of DGTX created is enough to cover the running operations of the digitex future exchange.

5.0 Summary

Digitex future exchange is a new future exchange where orders are placed,received and submitted with zero transaction fee. This is made possible by digitex creating its on cryptocurrency and smart contract. Digitex operates trustlessly by putting the funds of the traders in the hands of a decentralized and independent system. Hence in the event of a hack no funds will be lost.
New tokens are issued via proposal made by the owners of DGTX token.

This proposal covers the number of tokens to be created to cover the operational cost of running the future exchange at the same thing time preserving the value of DGTX by reducing the level of creation of new the DGTX token.

From my own perspective, I see digitex future exchange becoming the one of the most use exchange by 2021.

Adam is CEO and founder of Digitex. Also founder of BetTrader, a popular ladder trading interface that’s been online for 14 years that connects to the world’s biggest betting exchange, Betfair.com. Ex pit trader at London International Financial Futures Exchange (LIFFE) and one of Betfair’s most successful sports traders ever, once going 8 months of full time daily trading without a losing day.