Digtex futures exchange is a commission-free blockchain driven exchange with its own digital currency termed as "DGTX." In this blog am show casing the problems that are associated with the current exchanges and how Digitex intends to convert them in order to avail traders with a very intuitive and customer oriented Bitcoin futures trading service. This is a very potential Futures exchange that has amazing features which are well layed out on its Technical white paper. There are quite a number of problems that Digtex Futures exchange aims to convert as soon as it goes live towards the end of this year.

The High transaction fees

The current various crypto exchanges charge commission fees on the traders to cover the costs of running their exchanges which is some thing that is not bad at all. However the high transaction fees imposed can tend to be so onerous to the traders as they reduce on the liquidity in the trading market and also create a tough scenario for the traders where they have to labor extensively to get to the break even point before starting to earn some profits. When the trader manages to break even after meeting the high transactions fees of the exchange, his profit margin tends to be like peanuts because of the high commission fees charged.

Through the token issuance model, Digitex converts this issue through the elimination of transaction fees and rather replace them with the income that is created out of the token issuance model. New small tokens are created and issued out per year in order to cater for the costs of running the exchange. This offloads the traders from a challenge of high transaction costs that they always have to meet on the different trades they make and in the process, increases their trading volume as a result of an increased liquidity.

Rather than punishing the traders with transaction costs, Digitex's new revenue type brings about a small inflationary cost on the tokens possessors with a discernment that the zero fees and liquid markets will bring about a demand for the tokens from the traders that is weightier than the inflationary costs of the Exchange.

Delays in the transaction process.

Speed is a very vital aspect in the trading arena. Any delays imply lost trade opportunities which eventually reduces the trader's profit margin. Exchanges such as Bitmex use Bitcoin network that is for withdraws and deposits; this crypto network is slower at processing transactions than that which is employed by Digtex as at some point the traders have to wait for hours for their transactions to be confirmed.

Digitex futures exchange has a one click ladder interface that allows the trader to visualize the price ups and downs in real time on a vertical interface and also enables him to perform trades with a unique and easy single click model that saves time from doing multiple clicks and the use of the key board.

Low liquidity in the trading Market.

The high exchange costs involved in the current futures exchanges scales down liquidity and creates a low liquidity trading market which eventually affects the traders trading experience by reducing their trading capacity. This is a down side in the trading business of the traders as it implies a lower profit making in the process.

The elimination of the transaction costs formulates high liquidity markets which escalates high trade volumes by the traders. The liquidity is further on promoted by the presence of automated market makers that are financed with 20% of the total amount of DGTX tokens in circulation, these are automated to break even while holding spreads in a fixed format forever that is even in the volatile market conditions.

lack of privacy

In many exchanges they require a trader to present his personal credentials in order to sign up for the exchange. These availed client identifications can be compromised by the exchange at some incidences. The gathered information about the traders avails hackers with an opportunity to aim at hacking the exchange with a mission to steal personal traders' information. One of the unique ways Digitex exchange ensures the protection of the personal credentials of the traders is by excluding the request for that information at the start point.

The Insecurity of the trader's funds

The centralized exchanges have full control and access to the funds in the accounts of the traders. This is something that is very risky on the side of the traders as when the exchange is hacked the traders can lose their funds. The trader's funds can also be mismanaged or even frozen in case the traders account is compromised by the exchange.

Digitex exchange converts this sense of insecurity of the traders' funds by the use of blockchain technology through which the account balances of the traders are stored trustlessly on an independent and decentralized smart contract of the Ethereum blockchain.

The traders have no need of trusting the exchange for their funds security due to the fact that the Exchange does not have access to their accounts as it holds no individual traders' private keys.

Further on Digitex cannot freeze the funds of the trader on the account of the pressures from the government authorities, reason being that, it has no access to the traders account funds. Therefore, with these facts, the traders account on Digitex is highly secure from any sort of compromise by the exchange as opposed to the centralized exchanges like Coin base and Binance.

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