DIGITEX FUTURES EXCHANGE TRANSFORMATION

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INTRODUCTION TO DIGITEX

It is the aim and desire for every investor to make profits for their investments. Most traders/investors utilize every opportunity to key into promising investments that would yield positive results in the form of good profits. Some ways traders make investments includes:

• Hoarding cryptocurrecies with the hope that it increases in value in the future,

• Spreading their funds by Investing in promising cryptocurrecies for future benefits,

• Making investments via future contract which might produce either positive or negative results of gain/profit or loss respectively. Investments through future contract would be the focus of discussion in this post.

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ABOUT THE "FUTURES" CONCEPT

Futures can be defined as an agreement or contract made by a trader to purchase or sell a standardized commodity (food items or financial instrument) at a specific date and for a specific price.
A future contract on the other hand is a legal agreement to buy and sell specific assests or commodities at a prearranged date and price in the future. Future contract can be explained in the example below:

*Alex desires to make investments in Bitcoin futures by signing an agreement to buy five Bitcoin that worth 5million as at the time he signed the agreement. When the agreement reaches it's maturity date and that five(5) Bitcoin becomes $10million, as against $5million, he makes an extra profit of $5million from the deal but if it turns out that the price of five Bitcoin drops to lets say $2million, He still has to keep to his promise by paying the $5million as agreed, thereby loosing $3million of his funds.

This is how the future contracts works, it's either one is on the gaining or loosing end.
In order to get started with a future contract, a trader has to go through a process of paying some fees such as:

• Exchange/Clearing fees
• Data fees
• National future Association fee and
• Brokerage commission

Paying all these fees do not guarantee a successful investment, which means, a huge loss for a trader who takes the risk of paying for them and his investments comes out poorly just as the later example used with Alex. This is where Digitex exchange
comes in to provide commission free exchange for traders.

ABOUT THE DIGITEX EXCHANGE

>Digitex exchange is best described as the right choice for a 100% commission free futures exchange on the blockchain...

Digitex is the first exchange that guarantees a free transaction fee. The exchange is maintained and sustained by the issuance and sale of new currency/token called the DGTX instead of charging a transaction fee for each contract made by they trader. This gives the holders of DGTX full control of the platform by deciding how many new DGTX are issued for it's maintenance and operation. They users also ensures that the currency doesn't loose it's Value by printing new currencies which might devalue their own holding. Users also have the power to delegate their voting power to print new currencies if the need arises. So, it ensures a commission free decentralized blockchain for traders.

BE IN CHARGE OF YOUR FUNDS BY KEYING INTO A DECENTRALIZED ACCOUNT BALANCE WITH DIGITEX

>"The vision of Adam Todd, CEO of digitex for the exchange is to create a decentralized account balance that enables traders use digitex in a lifetime trading environment."

Digitex Future Exchange gives it's users complete control of their assests and so, do not hold their private keys. This to a large extent ensures security of assests/funds because traders are aware of the fact that they have a major role to play in securing their keys. Cases like stolen funds or loss of funds would be reduced to the bearest minimum with this exchange creation.

A publication from CNBC, by Arjun Kharpal reported a Cryptocurrecy Exchange called coinsecure had over 438.318 Bitcoin which equates $3.5million stolen. It was also recorded that the exchange had access to users private keys which gives the regulator the control to move funds at will. Most Exchanges who are not careful end up getting hacked and users private keys stolen, leading to a huge loss.

Also, some exchanges are not realiable and might have been created for selfish motives but with digitex decentralized account balance, exchange is made less harmful or stressful and unpleasant experiences as loss of funds would be reduced.

THE FUTURES WITH DIGITEX

The digitex Exchange is operated and sustained through its own token called the DGTX which every User must have to enjoy the benefits that comes with the exchange. Because tokens will be traded to make futures contracts.

The DGTX is going to be an effective and valuable growing economy because it doesn't only aim at been sustainable through the help of its users but ensures free trades as against other exchanges that ask for commissions for virtually each contract/transactions made. This advantage will attract more users to purchase DGTX which will in turn would lead to an increase in DGTX liquidity and longevity. Digitex has an exceptional feature of "commission free" which will definitely take over other futures exchange which requires so many fees and long procedures just for one contract.

The chart above shows that traders are fast embracing this platform

DIGITEX EXCHANGE ADVANTAGE OVER OTHER FUTURE EXCHANGES

The digitex creation will greatly change the way cryptousers interact with futures because of the exceptional opportunities it offers. No more hoarding of your Cryptocurrecies, Invest in futures with a backup from digitex....

For one to be eligible to participate in the futures market, that individual has take responsibility for several transaction associated with facilitating a trade. Generally, there are four(4) types of fees incurred in the process of a single futures contract. These fees includes:

a) Exchange/clearing fees
b) Data fees
c) Brokerage commissions and
d) National futures Association

As mentioned earlier, futures trading fees are accessible based on per-contract basis. That is to say, for every contract traded, they individual trader must undergo through these four processes.

a) Exchange/clearing fees

This fee is charged directly to they trader in return for rendering/providing market access to him. These fees are paid per transaction and is subject to change which leads to a trader being observant with the changes in fees. But with Digitex, users are able to trade without going through a process of paying fees. In fact, users determine the cost of operation. A trader would not have to pass through any third party as the"clearing House" or go further to pay a clearing fee, purchase a membership to get discounts for transactions which could be very expensive to own like other exchanges do.
Whether a contract comes out good or bad, they trader won't feel a huge loss compared to paying all those fees and loosing a great deal at the end of the deal.

Use Case
Amanda got involved with a future contract which caused her almost a fortune to pay for transaction fees. The contract finally didn't yield positive results as she expected which made her loose a huge amount of her funds. She got discouraged of trying futures investments because of her ordeal. Suddenly, she hears of digitex and decided to give it a try. She was happy to come across this unique exchange, because, she didn't only have total control of her funds but transactions were free in terms of commission fees.

b) Data fees:

Some futures institutions as CME Globex, ICE and Euronext have adopted a subscription model which charges traders for streaming market data. This means if a trader is dealing on two different products, he will be charged double of data fees. With Digitex, such fees are not inclusive for a future contract.

c) Brokerage commissions

It is compulsory for a trader to have a trading account opened with a brokerage firm. This is what makes him eligible to participate in the market place. There is a fee expected from the trader called the "brokerage commissions". Unlike other exchanges which might require for creation of accounts as this, the digitex decentralized system do not put such restrictions on its users.

d) National futures Association

The NFA fee is known as the smallest fee associated with futures trading. It is the self-regulatory body for assests been traded. This fee is directly billed on a trader via his brokerage account. This won't happen with digitex which gives 100% control to users, without any interference from any authority. That is to say, no third party is involved in the transaction process, neither do they have the power to regulate the system because they users have more influence to make decisions and even delegate their power to any authority they deem fit.

HOW CAN I GET DIGITEX TOKENS?

Digitex has organized a program for users to participate and earn tokens. You can also take advantage of the steem exclusive bounty and stand a chance to earn 0.5 steem.

CONCLUSION

The aim of investment is totally defeated if there is no gain or profit to show for it. Digitex promises a commission free exchange, free of transaction fees which will greatly benefit all traders who wants to escape outrageous fees by most exchanges. It has also made provision of a great system as a decentralized system which gives users a full control of their funds and make decisions that concerns them which cannot be gotten in a platter as given here. Digitex is obviously the futures of futures exchange which would take over in time to come. Don't be left out!

**Picture 3, 4 & 5

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