DIGITEX: The Innovation of Futures Contracts

in #crypto6 years ago (edited)

INTRODUCTION

One of the first evolutions of the economic development of the world was the exchange of the barter of goods for the use of money, because it was complicated the simultaneous and equitable exchange of one good against another because of the growing appearance of a large number of products, the solution that was given to this was the search for a good to be used as a reference for the support of exchanges: Money.

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This is how the cash markets were born in which a quantity of money representing the quantity of value was exchanged for a good, the evolution and growth of the economic activity demands an improvement in the development of the technique and the planning in consideration of the time in the economic decisions, taking into account this within the markets begin to negotiate exchanges with a deferred delivery of the good or service, this is how the term or deferred delivery markets are born. The contracts or agreements that are negotiated within these markets must adjust in advance all the terms of the same:

  • Price
  • Method of Payment
  • Delivery Date
  • Product Quality
  • Procedure to be followed in the event of a dispute

The constant growth of economic activity has largely driven forward markets, which are increasingly in need of funding, exposing participants to increasing risks due to price fluctuations and making participants demand the payment of the so-called risk premium, the existence of the risk premium causes an increase in costs that become unbearable for the acting members.

Futures markets are born as a solution to this problem, futures contracts are a type of contract or binding agreement between two parties by which they undertake to exchange a good or service at a certain price and at a pre-established future date, financial futures emerged as a solution to the emergence of volatility in the prices of raw materials, exchange rates, interest rates, and so on. Futures markets are a very useful instrument to facilitate price negotiation by reducing friction and costs.

But even though futures contracts offer the opportunity for lower costs, transaction rates remain large in high volume, Digitex completely eliminates this by creating its DGTX token.

What is DIGITEX?

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Digitex is a trading ecosystem for the hopeless buying and selling of futures of various digital currencies without transaction fees, digitex does not own the assets of customers, plus it combines the hopeless security of decentralized account balance along with the speed and reliability of a centralized order book.

Digitex has a number of innovative features that make it at the top of all other exchanges:

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  • Zero Trading Commissions: Within digitex there are no transaction fees of any kind, users can place their orders at any time and pay 0% of commissions during the trade, this is due to the emission of revolutionary digitex token, the token makes the trade within the ecosystem is always sustainable.

  • High Leverage: Digitex offers 100% leverage which allows traders to realize large percentage gains or losses from relatively small price movements, what differentiates digitex from futures bitcoin markets is that digitex does not cancel its winning trade to protect itself from losses.

  • Complete Privacy: Within digitex, operators can start working immediately without the need to present any type of identity document, the best way to protect users against identity theft is not to collect such data in the first place.
    Decentralized Governance: Digitex makes use of blockchain technology to eliminate transaction fees by creating a limited number of DGTX tokens each year, this revenue model of token creation is governed by its operators, this means that all DGTX token owners decide together how many new tokens are created to cover operating costs.

  • One-Click Ladder Trading Interface: Digitex has a very intuitive interface that allows users to submit buy/sell orders instantly in one click, bids and demands are moved up and down between a central price scale which allows them to view the market and the price literally moves up and down.

  • Highly Liquid Futures Market: Removing the trading commission restrictions creates a highly liquid market because traders are dedicated to high volume.

DIGITEX TOKEN

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What makes everything work within the digitex ecosystem is its DGTX token which is copatible with the ERC-223 protocol this serves to sell or buy futures contracts within a trader's stock exchange must have a sufficient amount of DGTX to cover potential losses, this is because the signal value of each contract within digitex is 1 DGTX, which means that all losses and gains are reflected in DGTX tokens.

DGTX Supply and Distribution:

During the initial sale, 1 billion DGTX tokens will be available, apart from this, 65% will be for sale to the public, 20% will go to digitex market makers, 10% will be for the digitex team and advisors and 5% will go to referrals.

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TEAM

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For more information watch this short video!

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