DIGITEX FUTURE EXCHANGES: THE @ORIGINAL WORKS WRITING CONTEST.
Futures refers to a promise or contract to buy something(a standardized asset or commodity) at a particular price and at a particular time.
Digitex is the first Futures Exchanges on the blockchain that does NOT charge transaction fees. It is absolutely free.
The operational cost of the exchange’s activities is usually paid with the issuance and sale of new currency. Hence, no transaction fees are charged.
Digitex Futures Exchange does not hold the user's private key. This actually gives the users control over their assets. With a decentralized account balance, Digitex will not lose or steal your assets.
THE IMPORTANCE OF FUTURES.
"Futures play a critical role in stabilizing naturally volatile markets such as commodities(prices could vary by season) and cryptocurrencies(prices could be impacted by regulations and market manipulations, etc)".
WILL DIGITEX FUTURES STAY OPERATIONAL IN FUTURE??
Digitex is a growing and self-sustaining economy. Users will tend to love digitex more because of the free transactions and as time goes on, more free users will come in and digitex keeps becoming better and better.
WHO PAYS FOR MAINTENANCE??
WHO MAKES DECISIONS??
The Digitex Token, DGTX is extremely important because it helps in ensuring a commission free transaction. "Since all profits and losses are expressed in terms of DGTX, traders must own DGTX to take advantage of the commission free system".
"This means that there will be a constant need for users to have DGTX tokens! This in turn ensures that DGTX are always in demand. Since the issuance of tokens are decided by the users they will be minimized to ensure that inflation is as low as possible while continuing to maintain a healthy operations fund".
"The costs associated with operating the Digitex Futures Exchange will be forecasted and estimated in a transparent manner that will ensure that the users understand how the budgeting estimates are determined as well as how the operational funds are spent".
WHY SHOULD I PREFER DIGITEX OVER OTHERS??
There are no fees and users are not at risk of losing because they can apply low profits.
It is a decentralized business model where users decide the cost of operation.
DIGITEX2018.
This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!