Image source: google
Unlike the normal business transaction whereby buyers pay sellers for what they want to purchase, that of financial future deals with an agreement between the two parties for the transaction that would take place in future.
In line with that, during the due date, it does not matter if the value of the particular asset negotiated in the past as reduced or increased, as the two parties have the obligation to ensure that they follow their binding agreement.
This kind of exchange would require the drawing of a contract of which the fee would be very expensive, and could lead to loss by the investor who invested in it if at the end of the day, the business man involved does not gain from his interaction.
That is the advantage Digitex Futures Exchange has over other Futures Exchange as it does not charge transaction fees, thus making life more bearable for businessmen who might not profit from their investment at the end of the day.
It makes use of its token known as DGTX which is important for the users to operate, and it gets value, which would enable the platform bring into being a yearly token amount which would at the end of the day lead to the businessman not paying any transaction fee.
Note that each operator own DGTX which has a voting power and can delegate, just like here on steemit. In steemit, steemians have their voting power which they can delegate to any community or person at any time and so also it is on Digitex and its users have the opportunity to vote the quantity of token which would be generated in order to keep the platform.
The advantage of using Digitex over other mediums of exchange
The first advantage of using Digitex over other mediums of exchange is the fact that unlike other ones where users would have to pay commission on before the contract can be drawn, and before transaction can take place, the use of Digitex is extrenly free, and by using it, even if the individuals that use it run into a loss, they would not go through the pain of losing both the money paid for the commission and also the one they would pay as a result of their agreement.
The second advantage of using Digitex is the fact that it assures its users of security. Here, the users have their private keys and would definitely try to keepvit safe on their own and prevent cyber thieves from hacking into their accounts.
At the end of the day, as a result of all ths benefits attached to using it, in the next three yeaes, Digitex would be adopted by a lot of othet users.
Use case:
As a businessman who loves taking risks, Danny has been involved in many future deals and they have always backfired, as not only does he pay a huge amount for the commission fee before he can make any transaction, he has not been fortunate in the future deals as when it is the due date of buying the agreed asset, the market value would be decreased, and the money would not be reduced.
At the end of the day, he would lose value on both rounds, both from the commission he has paid and also from his future transaction.
Just as he is on the verge of giving up, he meets Shawn who tells him about Digitex, and now, he does not make as much loss as before.
This is my entry to the @originalworks contest
Digitex2018
