DIGITEX · Futures Exchange · Zero Trading Fees
From the first mercantile transactions, there are brokerage commissions that are those required by the intermediaries that achieve the encounter between the buyer and the seller. With the creation of a decentralized blockchain system it was intended to eliminate this intermediary figure, or in a certain way, diminish its importance in the economic process.
The scalability of the models that make transfers of financial assets easier and faster has been given importance, but with all the updates the commissions and fees that are paid to allow the transfers of cryptocurrencies always prevail.
These are extraction fees, negotiation fees, deposit rates, among others. This is the reason why trading platforms keep part of the merchants' money.
This is a problem currently in the world of negotiations with digital assets, and Digitex was born as a result of it.
Digitex is a company with an innovative idea, which is based on the creation of a free exchanges futures exchange for commissions for the cryptocurrency trade in the blockchain.
But to better understand this mechanism it is necessary to be clear that future exchanges are.
Futures are contracts for the purchase of an asset that will be effective at a later date. The main characteristic of futures is that they maintain the price over time, this gives stability to the market since it prevents variations in costs of any nature.
Once this is understood, we can think about the benefits offered by Digitex in the area of negotiations with digital assets. Digitex grows where the encryption operators fail, as are the transaction rates of the common exchange platforms.
Based on this premise, Digitex Futures Exchange is created, which is the place where users can trade for free, which will be possible thanks to the creation of a token built on the block chain of Ethereum, DGTX. Users will be attracted by free operations with zero transaction fees, but to enjoy this benefit they must acquire the token, this action will multiply the DGTX liquidity since it will serve as a means to express the losses, benefits and balances of the accounts .
Digitex manages to eliminate the commission for the exchange by creating a new token instead of the tariff. But as we can analyze this situation, the small inflationary index that is created to introduce a new token in the market will be compensated by the demand of DGTX by the encryption operators who will need to buy the DGTX token to be able to carry out the exchange negotiation for free.
The Creation of the DGTX Token
No new tokens will be issued in a period of approximately two years, after the launch of the Digitex Futures Exchange. Therefore, DGTX ICO revenues will cover the costs to execute the exchanges during the beginning and throughout this period of time.
The consequence of this action is that there will be a limited number of DGTX tokens, which will give more value to increase the demand for the card, and this is expected to reduce the inflationary effect for the first creation of DGTX tokens.
Once we have read this we understand that in a span of two years Digitex will create a first amount of tokens to cover costs for operations, software development, expenses for human and administrative resources, servers, among others.
In terms of costs and definition of the price of the DGTX tokens, it will be done democratically through a decentralized governance design in the blockchain where 1 DGTX = 1 vote, therefore, operators will vote on the number of tokens DGTX that will be created to cover the costs.
In circulation there will be 1000 million DGTX token values, so this will be the initial amount until these 2 years have elapsed since the official public launch of the Digitex Futures Exchange, for the creation of new DGTX tokens to cover the operation costs of the exchange. By the time this period of time elapses, the DGTX token will have a lot of value.
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The Digitex Logic
Digitex has 3 futures exchange markets, all futures contracts are denominated in DGTX tokens, which means that all gains and losses are settled in DGTX tokens.
BTC / USD, Bitcoin for being the currency that sets the standard and has the banner in the finances in the block chain.
ETH / USD, Digitex is built on the basis of the Ethereum block chain.
LTC / USD, Litecoin has shown the commitment to maintain a transaction cost almost zero, in addition to having the strength and confidence of users.
There are no transaction fees of any kind in Digitex Futures Exchange.
This is the premise of Digitex, and it is achieved through its native token DGTX, it is a perfect formula.
The balance of the account is in the hands of a decentralized and independent intelligent contract in the Ethereum blockchain, not the exchange.
This gives the user enough security and gives him the freedom to mentalize only in what really matters, his exchange.
It is not limited by KYC.
Digitex operators can start operating immediately without the need to present their name or any identity document of any kind.
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Digitex Early Access & Steem Bounty!
Digitex already has an amazing program for users to get early access as well as participate in the community to earn tokens.
On top of that they are running a Steem Exclusive Bounty! where users can earn an extra 0.5 STEEM!
Join the Digitex Steem Bounty here!
For more information watch this short video!
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