Digitex| A Quick Recap On The Commission-free Futures Exchange

in #digitex5 years ago (edited)

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Ever since I heard about digitex, I've watched several videos, read so many blogs about it, after all this research. I've come to a conclusion that digitex has no duplicate in terms of their commission-free policy. The joy and gladness of trading is knowing fully well that the small profits you make belong to you and you alone. But this joy has been mopped out by other futures exchange platform, some of these exchanges includes; GDAX, BitMex and Krakren.

With my little experience in trading, I realize that only few traders trade on futures. Quite a number of persons heard about it in one way or the other, but they are reluctant to give it a try. Below are few significant reasons why many ignored it;

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  • Inadequate awareness
  • Risk of profits being mopped out by commission
  • Fear of being scammed
  • Unsought trade termination.

For the sake of those who have little or no understanding on what futures trading is all about, i'll swiftly explain in details what futures exchange is.

What Really Is Futures Trading??

First off, another word for Futures market is known as Spots Market, it's a financial exchange that involves two parties, a contractor and a client. The two parties will be exchanging standardized futures contracts. This includes the purchase of a specific quantity of a commodity, with a specific prize together with the location where the goods will delivered in the future. No doubts, this act is a legal copy right with reference to someone else's work/idea such as adaption or translation, based on another work that may be subject to copyright restrictions. Remember the deal will occur immediately after two business days once the agreement is signed.

This ideology of futures trade began in Japan way back in 1710. At that time it was practiced mainly by farmers. The farmers would acquaint with the buyers and decide how much they intend buying what ever commodity the farmer is offering. The buyer and seller will conclude on a favorable price, for this reason, both parties are being shielded against future price actions. However, the buyer is being shielded against price hike, while the seller is protected against low price. Remember at that time, rice was the major commodity. Fast forward to 1800s, this commodity futures extended to wheat and other farm produce respectively, meanwhile those who have absolutely nothing to do with rice began to buy and sell that particular commodity futures. Those involved in this act are known as speculators. That's how it started from commodity futures, to metal futures and presently we have cryptocurrency futures. Awesome isn't it?

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Digitex Serves As A New Template For Cryptocurrency Traders

After intensive research carried out by me, I realized that since inception, there has never been a commission-free futures exchange that grants it's consumers free futures trading without requesting for their private keys. As banal as it sounds, "Commission-free futures exchange" digitex has provided all of these, most especially in terms of security. Since it's built on a smart contract on the Ethereum-223, traders will need to worry less about the safety of their funds since the platform has no control and potency over their funds.

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Below are some of the advantages of this commission-free futures exchange

Equality for everyone

The fees and charges being imposed by other futures exchange is undoubtedly considered as a cruel act by it's consumers. The fact that other platforms aren't considerate whether the trader makes profits or loss will compel the trader to give up on futures trading. The truth is that everyone wants a trustless and zero commission trading platform where they literally have to pay zero fees for any transaction they make. However, the realization of this ambition cropped up when Adam Todd launched digitex. I strongly believe he is aware of the predicaments and challenges other traders encounter in terms of trust and transaction fee, this is the reason why him and the team are working tirelessly to bring about a positive change that will be profitable to all.

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No fees, more adaptability

In my opinion, everyone is a winner on digitex. If you make 200$ for every trade without paying 20$ to transact, you have gained massively! This ecstasy is also enjoyed for a plankton trader who literally do not have multiple choices when it comes to long and short term trading.

Percentage profit must cover trading commission on other exchanges to make profit.

The paradox about this is that, you literally pay more when you lose!

Utility token will no value if users fail to transact regularly with it or hold it. For this reason, it is advisable for anyone who wants to enjoy this ZERO commission trading must atleast hold a significant number of the platform's native currency (DGTX Token) right inside their wallet. Buying and holding DGTX token's will do nothing other than increase the value of the token and as well create room for more opportunities for the consumer in the future.

The journey to $0.60 per DGTX is very much realistic.

Join the platform's waitlist by clicking this image below;

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Below are some previous post about this awesome platform;
https://blog.digitexfutures.com/digitex-futures/7-awesome-facts-digitex-futures/

https://blog.digitexfutures.com/digitex-futures/cryptocurrency-trading-predictions-for-2019/

https://blog.digitexfutures.com/blockchain/plasma-protocol-what-it-means-to-digitex-futures/

https://blog.digitexfutures.com/digitex-futures/from-open-outcry-trading-to-the-betting-industry-meet-the-man-behind-digitex-futures/

Visit their websites below for more information about this platform;

Project website
DGTX whitepaper
Airdrops/bounty campaigns
Press release
DGTX website
Twitter handle
Facebook handle
Telegram handle
Reddit handle

REFERENCES:
Digitex whitepaper

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