DIGITEX FUTURES EXCHANGES @Originalworks contest.
INTRODUCTION.
"Digitex, according to its founder and CEO Adam Todd, a former pit trader, is a commission-free futures exchanges which sustains itself indefinitely by using its own native currency instead of charging transaction fees, was officially lunched on 15 January 2018".
"Digitex cryptocurrency known as DGTX token sold over 700 million token in 17 minutes netting $5.4 million of the firms investment capitals".
According to Adam Todd "digitex was completely founded on the idea of leveling the playing ground for the average future traders by eliminating transaction, commissions and trade fees", which is the current business model in the market.
Other features that digitex brought to the world of cryptocurrency includes;
HOW DIGITEX WILL CHANGE THE WAY CRYPTOUSERS INTERACT WITH FUTURES.
Digitex being a new player in the cryptomarket and undoubtedly the future of futures exchanges, will greatly change the way cryptousers interact with futures exchanges with respect to some of the features they brought to the market.
Which includes; commission free trades or a zero(no) fee commission trades which will increase futures exchanges volumes, liquidity and traders profits massively.
Another feature that will greatly change how cryptousers interacts with futures is that of a decentralized account balances, which allows users to have complete control of their funds and increase future interactions with confidence, transpiracy and a level of trust and reliability.
"Another is the use of automated market markers which will help cryptpousers place orders with extremely tight spreads programmed to break even on trades and prevent massive volatility. Amidst other features.
All these will tremendously change the way cryptousers interacts with futures exchanges" as against the current market model.
WHY FEES ARE PROBLEMATIC FOR USERS TRADING IN FUTURES.
Commission fees would be problematic to users trading in futures, due to few reasons;
First, Adam Todd pointed out that as a trader, he believed "commission fees are profit killers" and this prompted his drive to launch digitex as the new generation zero commission fee plaftom built with a block chain interface.
I believed commission fees determines how much a trader is willing to loss by paying a broker who serves as the middleman and this will greatly affect transaction rates.
To a larger extent, exchange fees determines what traders goes home with after each trading day.
While these commission fees will deprive users of their hard earned profits, no fee trades will increase traders profits. And this is where digitex comes into the market, no wonder a large proportion of traders are dumping other exchanges for digitex, increasing the market share and demand of digitex token, DGTX.
HOW CREATING A NO FEE FUTURES EXCHANGES WILL ALLOW USERS GAIN MORE FROM THEIR TRADES
Creating a no fee future exchanges will allow users gain more profits form their trades, this is true because "traders like the idea of participating in futures market without paying commission fees, or paying less in fees, this is believed to be so, because it will enable traders maximize trade volumes, liquidities, thus, increasing or maximizing profits.
The next question needing answer will be
HOW ARE TRADING FEES KILLING TRADERS PROFITS.
Transaction fees are killing traders profits by deleveraging their marginally profitable trading strategies and by charging traders whether profits or loss are made. This is bad to every business as no one wants to do business and in cure extra loss. This alone I believe accounts for the massive decline in trades and fall in the prices of cryptocurrencies.
WITH SUCH A STRONG FOUNDATION AND FAST GROWTH, WHERE WILL DIGITEX BE IN 2019, 2020 AND 2021
2018 recorded a strong foundation and fast growth of digitex, I believe the price and demand of DGTX will greatly increase in 2019 till 2021, where I predict strict competition from other and/or new cryptocurrencies. Because as the price and demand for DGTX token increase, more token will be mined, leading to liquidity, increase in traders profits, massive increase in the number of new traders as traders massively exit other cryptocurrencies platforms. These cryptocurrencies are not expected to loss the market or fold their arms, as these and new cryptocurrencies tends to match up with digitex, I predict a very strong competition in the mid 2021 for digitex, but, rest assured that having large members at that point will be to their advantage as little or no trader will dump the market.
IMPACTS OF GIVING USERS POWER AND CONTROL OVER HOW THE DIGITEX FUTURES EXCHANGES IS FUNDED
More so, personally i think, given users absolute power and control over how digitex futures exchanges are funded could be a technological revolutionalized idea creating more trust, equity, security, transpiracy and confidence in the market, so that, users could be directly involved in the futures exchanges and development of the digitex platform.
SOME GOOD USED CASES AND APPLICATION
But, human must always be humans, as user might adversely explore this tactical idea, as mega traders could monopolize trades, mining of more DGTX, etc, at the expense of small traders, forcing these small traders to exit the market at anytime.
Because as the price and demand for DGTX token increase, more token will be mined, leading to liquidity, increase in traders profits, massive increase in the number of new traders as traders massively exit other cryptocurrencies platforms.
A few instead been the case of MMM, which crashed because mega players monopolize payments, and at such small traders dump out and thus the market crashed.
Another instead is in the case of crowd funders which 90% of the success depends on users, as these users remain active and campaigning the community grows, only to crash should users dump out, lose interest or get a better platform.
In believe digitex will strengthen these policies in the near future to be in better control of the market
CONCLUSION
In conclusion "digitex as the first futures exchanges will dominate the market for the better part of the future", before facing competitions. But, the fact is DIGITEX is the future of futures exchanges and Adam Todd and his esteemed team will be remembered as the heros that brought scour to the world of free exchange commission for now and the future.
DISCUSSION
What's your opinons , let's hear from you.
Digitex2018
This is my solutions to the world of cryptocurrency futures exchanges.
THANKS FOR A GREAT CONTEST by. <ahref="https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex"=
Sources:
<ahref="https://steemit.com/@originalworks"=
<ahref="https://blog.digitexfutures.com"=digitex blog!
<ahref="https://medium.com/coinmonks/futures-trading-with-digitex-d8d521a21278=coinmonks!
