DIGITEX

A commission-free,
trustless futures exchange
for trading digital currency prices
BY ADAM TODD
DIGITEXFUTURES.COM
V1.1
DECEMBER 5TH, 2017
ABSTRACT
Presenting a commission-free futures
exchange that covers operational costs by
minting its own native currency, the DGTX
token, instead of charging transaction fees
on trades. Increasing demand for DGTX
tokens from traders who are attracted to
commission-free futures markets will
outweigh the inflationary cost of minting a
small number of new tokens each year.
The exchange also replaces centralized
account balances with an independent,
decentralized smart contract on the
Ethereum blockchain that holds all
account balances. This hybrid model of a
centralized matching engine coupled with
decentralized account balances gives
traders the speed and reliability of off￾chain price discovery combined with the
trustless security of on-chain account
settlement.