CRYPTOCURRENCY!
Since its introduction; the astronomical rise of cryptocurrencies has been worthy of note, the crypto-market has experienced a massive influx of people.
This large number of people can be traced to the economic success of the crypto-market, which boasts of a total market capital of more than half a trillion dollars in less than 10years.
However, despite attaining these massive feats, cryptocurrencies have not lived up to the hype, it has left people longing for more and hoping for better, due to the inconsistencies, plaguing its ecosystem.
Cryptocurrency exchanges sustain the structure to totally replace the conventional banking transactions, but these problems have hampered this transition; ranging from low speed of transactions to high transaction fees, which has in turn deterred users from employing them as a means of exchange.
Futures are standardized contracts based on legal agreements, that ensures the buying or selling of any commodity (digital assets) at a predetermined price and date (in the future).
Futures markets afford crypto-traders the avenue to trade without the risk of storing, transferring and paying in full for the security( stock or commodity) whose value determines the prices of their trade.
Futures markets are an excellent economical tool in that it reduces investment risks, encourages trading by lowering trading costs.
However, current future exchanges are centralized and brokered by financial institutions, which is a deviation from the “decentralized” characteristic of the blockchain and cryptocurrency ecosystem.
Furthermore, despite its usefulness, it fails to address the plaguing issue of high transaction fees.
Digitex is a blockchain which eliminates the transaction fees on trades.
Digitex Futures Exchange enables an environment for trading of digital assets with no transaction fees, it also enables a decentralized environment which holds no control over user funds.
Digitex Futures Exchange is structured via a hybrid mechanism; a decentralized smart contract built on the Ethereum blockchain, enabling the storing of account balances, replacing centralized account balances.
Digitex Futures Exchange is unique in that it incorporates a centralized platform coupled with decentralized account balance to afford crypto-traders with security of accounts and transaction speed.
Digitex Futures Exchange unlike other Futures exchanges is decentralized, granting users the power to trade without entrusting the exchange with their money.
Digitex hybrid mechanism system exploits the advantage of the Ethereum blockchain to hold account balances via a smart contract, ridding the exchange of the power to possess of funds of users and their private keys.
Digitex Futures Exchange addresses high transaction fees by creating the DGTX token which is the native currency of the Digitex markets and covers all operational costs to ensure future exchanges that are commission-free.
The DGTX token is an ERC-223 compatible protocol taken on the Ethereum blockchain and is employed by the Digitex Futures Exchange to account for the profit, losses and account balances in its ecosystem.
The DGTX token is the magic wand that curbs high transaction fees: instead of charging fees for transaction, new DGTX tokens are created, thereby covering cost.
The Digitex Futures Exchange is a decentralized one, and as such no control is exerted by the exchange on the system.
Issuance of new token is agreed by DGTX token owners via DECENTRALIZED GOVERNANCE BY BLOCKCHAIN.
Users decide and agree upon the time and amount of new tokens to be injected into the system, with the aim to cover the costs of carrying out exchanges within the system.
In other words, the owners of the DGTX tokens serve as the regulators of the system. They keep the tokens from losing value, by ensuring that not too much of the tokens are available in the Digitex system.
Digitex Futures Exchange is aware of the volatility of the crypto-market and keep this in check by the introduction of Digitex Market Markers.
Digitex Market Markers are automated trading robots, programmed with set of rules with the specific operation of balance making a profit or loss. They help to ensure the liquidity of futures exchanges.
Decentralization.
Digitex Futures Exchange is the first of its kind, in that it leverages on its decentralized smart contract to ensure security of user funds and account records. Granting users full control and ensuring a theft free system.
No transaction Fees
As unbelieving as it might look, it is very true. Digitex Futures Exchange ensures no commission fees on all transactions via its Ethereum-based native currency: The DGTX token.
It's zero transaction fees places its DGTX token in a position of advantage when pitted against other cryptocurrencies.
Other Crypto exchanges.
Digitex Futures Exchange incorporates exchange of major cryptocurrency futures markets: Bitcoin, Ethereum and Litecoin. However, the proceeds of every trade are settled in DGTX token.
Market Autonomy
Through its decentralized governance by blockchain, Digitex ensures that the issuance of DGTX tokens within its system is decided democratically amongst its token owners for the purpose of revenue generation.
Increased Liquidity.
As a result of the elimination of transaction fees in exchanges, it encourages the involvement of more traders, resulting in a highly liquid market.
Marshall is a crypto-investor one that can be termed a whale. However, in recent times due to large volume of transactions he does per day, has to incur high transaction fees which is eating deep into his investments, far from that, He has constantly been a victim of theft and loss of funds due to futures exchanges that are centralised.
Although Marshall is a crypto-enthusiast, he is seriously hoping there would be a reform in the blockchain to remedy this inconsistency.
Alas! He stumbles across Digitex Futures Exchange, now he pays zero transaction fees, his investments are safe due to their decentralized system and he is a key factor in determining the liquidity of tokens in the Digitex system.
Watch this video:
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