Token Of The Futures: How DGTX Token Will Rise In Value In No Time
Welcome readers. In my previous post, we looked at the overview of the evolutional exchange platform for the Future cryptocurrency trading; Digitex Futures Exchange as well as the protocol token being used on the platform; DGTX token. On this post, we will be taking a deeper look at this token and how it can soar to the moon in value within a blink of eye.
If there is a much known attribute that differentiates cryptocurrency trading from other form of trades, it is its volatility. And trust me; this has been a source of concern for all crypto traders across the globe. Today, Bitcoin rises in value, tomorrow, it drops – volatility has been the most successful enemy that Blockchain technology has ever encountered. Regardless of how much it has grown despite being born less than a decade ago, Blockchain technology is still in its Beta state and hence, there is lots of rooms for improvement.
Volatility, the most successful enemy of Blockchain technology
Exactly 365 days ago (at press time), Bitcoin was traded $1,396.78 on Coinbase. Towards the end of November 2017, it was traded within $7,600 to $8,500 and hit an unbelievable price of $17,900 by the middle of December that same year. Less than two months later (February 5, 2018), ironically, Bitcoin dropped to $6,200. What kind of lecture do you have to give a trader that bought 10 Bitcoins in December, 2017 to HODL, in order to convince him not to regret investing several grand of US Dollar on Cryptocurrency?!
However, while many cannot be too happy with the volatility surrounding Cryptocurrency this year, this has been the reason why some new tokens are enjoying massive growth in terms of market cap and value. And I want to show you how DGTX token can enjoy a massive rise in value in a matter of months. Relax, take a sip from that coffee cup beside and follow me. The weather is great today!
Understanding DGTX token and how it works
You might have missed my previous blog on DGTX token. I do not mean to penalize you for that. In fact, you have just given me a reason to talk about some things I could not cover about DGTX token in the previous blog. Digitex Futures is a messiah, if that is what you can call it, because it has lifted a heavy burden off our shoulders as crypto traders. It may look so little to you if you do not have lots of money invested on Cryptocurrency but those of us that are devoted to crypto trading know how much we have lost to transaction fees and commission charges while trading cryptocurrencies on exchange communities. And while Digitex Futures Exchange has come to give us the most sought-after opportunity – to trade crypto with less or zero-fees (where the latter turns out to be the case), the project doing the rough work behind the scenes and making this so easy for us is the Digitex Futures protocol token called DGTX token;
An Etherium based ERC 223 compatible token which helps in getting rid of the transaction fees and cover profits, losses and account balances margins within the system.
DGTX tokens will cover the gap left by transaction fees and commission charges as all profits and losses will be denominated in this magnificent token. As per the information given in the Whitepaper, traders, who are buying and selling cryptocurrencies on Digitex Futures Exchange will be able to send ETH to a smart contract address, which will in turn, get them equivalent amount of ETH sent in DGTX tokens. How sweet that sounds!
Why the value of DGTX token will only continue to rise
Due to the kind of services rendered by Digitex Futures, the number of traders engaging in crypto trading on the platform will grow immensely within a very short period of time. There will continue to be an increased demand of DGTX tokens and just as the law of demand teaches us; this will increase the value of DGTX token. Demand will continue to rise as many will be buying the token to be used for transactions within the system. As we will be having short time buyers, as will we be having those that will be buying the tokens to keep in stock and may be, sell at a later time; when the value has increased from what it used to be.
Now you may feel like, “of course, that is what happens when people demand for goods – the prices increase, and everyone knows that!” But not so many know about why the demand for DGTX token will only be rising, thereby increasing the value of the token and reducing VOLATILITY that has characterized cryptocurrency for years. With the way it is made, you cannot trade on Digitex Futures without DGTX tokens. This token is responsible for the eradication of commission and transaction fees that normally come along with crypto trading. It is through this that revenues are generated. Hence, the system cannot exist without it in the first place.
Approximately 2 years after the launch of Digitex Futures Exchange, new DGTX tokens will be created to cover the costs of running the system and as traders who must buy this token in order to use the system for trading Futures cryptocurrencies will continue to storm the platform, the demand will be outside what you can picture right now. So also will the value for DGTX token be as the new tokens issuance will give room for inflation at a high degree. DGTX will be traded on larger exchanges as this goes on.
Now dear crypto trader that are reading this blog, I believe you are so ready, eager and cannot wait for the token to be available for sale so as to have an upper hand and become an influential trader on Digitex Futures Exchange. However, sharing this information to those other crypto traders that you know of will benefit you more than keeping it to yourself. That is because like I explained above, the more traders that join Digitex Futures Exchange, the higher the demand for DGTX tokens will be. And thanks to the fact that there will not be any creation of new DGTX token until 2 years after Digitex Futures Exchange launch, we traders just have to be buying and selling DGTX among ourselves. This will of course create a free flow of DGTX tokens, increase the value and this will benefit us all.
Thank you for reading this blog. Do not wait till tomorrow, join the waiting list for DGTX tokens now as like I explained in the previous blog, only 65% of the 1,000,000,000 DGTX tokens created as Digitex Futures Exchange launch will be released to the public for sale. That means myself, you and countless other traders waiting for DGTX tokens only have 650,000,000 tokens to be shared among ourselves. Let me tell you – there will be too much demand and the 650,000,000 DGTX tokens will be bought before you know it.
Below is the screen grab of DGTX tokens - Ether transactions in the last 1 hour at press time using Etherscan.
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Will they also offer futures or options for the smaller altcoins? Or are there any plans for that in the future? Then i'm really interested. Because this will alow traders to go short on the "shitcoins".