Digitex, the commissions free future trades exchange

valdick (39)in #originalworks • 6 years ago (edited)

DIGITEX

Digitex is an exchange that allows users to trade futures free of commission and do not need to bother about trust, this platform changes the way crypto users interact with and trade futures by creating a Ethereum Based token of its own (DGTX token), this eliminates transaction fees on futures users must acquire DGTX tokens for the commission free exchanges, this will lead to the rise in price of the DGTX tokens.

HOW IS IT POSSIBLE TO ELIMINATE TRANSACTION FEES

Digitex employs a protocol in which transactional cost of an exchange is paid with manufacture and sales of DGTX tokens instead of charging transaction fees from users initiating the exchange.
The amount of DGTX issued to cover any transactional cost is determined by the holders and owners of DGTX by voting.

It becomes the sole responsibility of DGTX owners to:

Ensure the continuation of Digitex Futures Exchange operations
Create appropriate amount and not excess tokens which will devalue their assets.
The amount of DGTX issued could also be voted for by delegating voting power to trusted authorities.

DECENTRALIZED ACCOUNT

Digitex allows crypto users who own accounts retain power and control over their personal assets as they hold their private keys, this eliminates the problems users commonly faced by loosing their funds to traditional exchanges.

HOW WILL DIGITEX IMPACT THE FUTURE OF FUTURES

Futures are contracts to purchase standardized at a fixed price at a given date. With Digitex’s fee-free mechanism, the entire futures market will be greatly impacted. DGTX will be a growing and sustainable economy, since free trade attract more users, which in turn causes the platform to be more volatile.

USED CASE

An example of how traders will benefit from a feeless trade is shown below, comparing BitMEX.com and Digitex.
DGTX ECONOMY

Aisha is long time crypto trader, she has always been faced with the setback of transaction commissions which change her profits to loss. But if Aisha knew about decentralized Digitex and it mind-blowing benefits, she wouldn't be suffering from this loss-causing commissions, so far she initially has a margin to cover her potential loss at the beginning of the trade, all profits she makes remain the same before and after fees are charged, the operational cost of her futures trade with Digitex is covered by the operations of DGTX tokens.

All profits and losses of Digitex Future Exchange is expressed in DGTX this entails that users must purchase and own this token to take part in the free transaction system. This increased the demand for DGTX since there is a constant need for users to own the tokens, users ensure that issuance of DGTX are minimized this prevents excessive inflation simultaneously a good transaction fund is maintained.