In his most recent video last week, the CEO of Digitexfutures Mr Adam Todd, openly announced to the teeming Digitex community that they will be securing a spot for the DGTX token to be listed on a major exchange roughly within the next 2 weeks!

This was interesting and as well exciting for the community to hear (as was reflected in the market value of the token shortly after the video was published). While Adam was careful not to specifically state the name of the exchange on which the token will be listed, he did mention that it will be amongst the top 20 cryptocurrency exchanges. This has left a lot of token holders and price speculators to think it's probably going to be either Binance, OKEx, or Bittrex, especially since these exchanges have seen massive growth strides in terms of active membership, valuation and trade volumes in the past few months.

With that, a lot of people are stocking up by buying a few extra DGTX tokens from the market, because of the anticipated returns they could get should DGTX get on any of these exchanges. If anything we know about big exchanges, there are tons of traders on these platforms with huge volumes of trade per day than on smaller exchanges such as Mercatox. Traders feel safe to deposit money into these exchanges because they're registered with the proper licenses, they have the ability to keep up-to-date with new security upgrades, and they have a great support system. Moreover, there is sufficient liquidity that allows a trader to exit the market exactly when he feels like without waiting too long for an order to fill.

Those, and many more reasons are why people prefer larger exchanges.

Does the DGTX token really need a big exchange?

Unless you're getting listed for free (which rarely happens), Exchange fees are a lot of money, and could range from $1000 to over $30,000 for major exchanges. Along with a list of rules or qualities a token/coin should meet before getting listed. These amounts and attributes required differs from exchange to exchange. Hence, this indicates that Digitexfutures might be forking out a lot of money to get listed on a major exchange. But the question is this, **Is this move necessary? Do they need to be listed on a major exchange just yet without a working product? **

To answer that question from my own perspective, I think yes!

Yes, because getting listed on a major exchange offers a token the opportunity to be seen and noticed by a larger audience of bigger and more professional traders. Hence, it offers that exposure that a project needs to perform better in the open market. Having a great technology without being noticed is one of the problems a lot of blockchain startups have. People are unwilling to invest in a project that does not have the exposure and a large enough community behind it because it might take a really really long time before it gets the attention. Plus, without the financial backing or meaningful partnerships, all you have is asking investors to trust you, which is very hard to do. Because this is the crypto-space and there are tons of others projects out there. Most transactions are without intermediaries nor with the option to reverse. Hence, there's absolutely no reason why a random stranger should trust you.

Effect of the news on the market. What's next for DGTX

The effect of the news last week saw a bullish outbreak of the DGTX token price from a long-standing $0.04 to as high as $0.09. It rose to the 95th position on Coinmarketcap briefly, and then slowly declined temporarily to about $0.07, before making its way back up to $0.08.

Currently, Digitexfutures comfortably sits at position 98, with a market value of $0.089 with an extremely bullish outlook (having done an additional 10% in the last 24 hours!

I think this token is still grossly undervalued even at this sudden growth spurt, and I believe that when the listing occurs, the DGTX token could see itself as high up as position 89 on Coinmarketcap and will definitely surpass it's all time high and maintain that growth.

As more people get to see it and read about it, the more interest they would develop and thus become potential buyers.

I would like to state that I own a small percentage of this token, and I am happy with its performance so far. Hence, you might want to read everything I've written with the resolve to make your own research immediately after reading before drawing conclusions.

In all, the project is an exciting one. They've got lots of promises and big news coming down the pipes over the next couple of months and they've got a great marketing and technical team that are always responsive and active on their duty posts. That's one thing I respect and commend them for! They've also got the support of a wide community of Futures traders to spice things up.

Join over 150,000 people on the Waitlist!

For a crypto-enthusiast, you cannot miss out on this for anything else. The DGTX ship is about to sail and you might just be left behind on bear-island if you do not seize the opportunity to hop in on the ferry just before it leaves the dock! Join thousands of participants below by clicking on the banner directly below to signup for the whitelist. It only requires your email and takes 20 seconds tops!

You can buy DGTX tokens on Mercatox using the link: DGTX on Mercatox
Again, don't forget to watch the video above yourself, and to signup for the waitlist.

For a brief summary, you can see the video below this text. I have included the links to the whitepaper material, the Digitex official website and blog, and their various social media handle as well.

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Useful links

Project Website -- Project Whitepaper -- Airdrops/Bounty Campaigns -- Press Release

Buy Digitex on Mercatox: https://mercatox.com/exchange/DGTX/ETH

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Digitex on Social Media

Digitex Twitter -- Digitex Facebook -- Digitex Telegram -- Digitex Reddit