Digitex Exchange [DGTX] - The DGBB Technology and Liquidity Importance

As talks about Digitex exchange continue to flow in my blog, without further adieu, I present to you an article dedicated to outlining the features of Digitex and effects of highly Liquidity of a DGTX token.

Digitex is governed by (DGBB)

With the usage of DGBB ( Decentralized Governance by Blockchain), account balances are held by the smart contracts and allows every stakeholder to issue or mint new DGTX tokens efficiently when a certain agreement is reached through rules and voting systems that are encoded into smart contracts.

DGBB is an underlying technology that gives Digitex exchange maximum security by hosting account balance of every user on the blockchain smart contracts. DGBB also allows Digitex exchange to run without transaction fees through the creation of new Digitex native token DGTX. All these combine to make Digitex a haven cryptocurrency trading platform for traders.

I recently came across a post about Digitex, where someone asked: "how and what's the technology used by Digitex exchange that allows feeless tradings?" The concise answer for the question is 'DGBB (Decentralized Governance by Blockchain)'

I know that several or new exchanges will come up with this emerging technology "DGBB" just as we have seen tons of Steemit clone platforms.

Liquidity and its Importance to DGTX token

What is liquidity and how it affects prices?

Liquidity is one of the major concerns in any assets. More liquidity will escalate the price and makes an asset more valuable.

In simple term, Liquidity is the exchange of an asset into real cash when it is readily on demand while the inverse is illiquidity. When liquidity is highly in place, there is no discounts or premiums attached to an asset during buying or selling, which simply means such asset will be sold at its real worth.

One of the major concerns about cryptocurrency prices is Liquidity, either we are in the era of dips or not. When liquidity is highly in place, an asset (a coin or token) will maintain its real values. Many people who trade cryptocurrencies only trade them for profits and exchange of other cryptocurrencies not as a medium of exchange. Few businesses accept BTC and other cryptocurrencies as a medium of exchange, one of the reasons why the prices of cryptocurrencies dip.

Relation to a token like DGTX, when it is traded on several or larger exchanges, it would result in high volume i.e more liquidity and that results in increased prices. Many coins are “dipped” because they are not traded on several exchanges, thus lesser liquidity and results in low values.

Digitex team has outlined that DGTX token will be traded on several and common exchanges which will result in high volume, market cap, and high liquidity. And high liquidity could make DGTX token price go up a lot in value.

Don't forget to join Digitex Waitlist as you stand a chance of getting free DGTX tokens if you are among the first 1-5,000 in the waitlist, ranked by the number of referrals each user's referred. Escalate your ranking by inviting people to join with your personal referral link.