Exchanges have been around as long as human civilization. People have exchanged chickens for goats, fiat currency for gold, and cryptocurrency for goods. Until now, cryptocurrency could not be traded for commodities such as precious metals and oil.
Digital Ticks is a cryptocurrency exchange that is currently in the Initial Coin Offering, or ICO phase. A Cryptocurrency Exchange is a platform where you can trade one cryptocurrency, such as bitcoin (BTC) for either fiat or another cryptocurrency. Digital Ticks Exchange (DTx) differs from other popular exchanges by introducing commodity pairs into the equation. According to the Digital Ticks white paper, the following coins and commodities will be available on the platform: BTC, ETH, LTC, NEO, DTx, gold and silver. Additional trading pairs will be added over time based on demand from the community.
The DTx token is an ERC20 compliant token based on the Ethereum blockchain. The maximum supply is 128 million tokens if the hard cap is reached. If the hard cap is not reached, the excess tokens will be destroyed forever. The DTx Token is a utility token used within the Digital Ticks Exchange to cover trading fees, listing fees, and withdrawal fees. There are also advantages to holding DTx tokens, such as high volume discount insentives and functionalities such as research reports and statistical calculations. Stakeholders of DTx can also benefit from a token buy back program based on the previous year’s fees.
-Focus on security. DTx emphasizes security through the use of 2 Factor Authentication (2FA) for users. This provide an additional layer of protection for user against would be hackers. 2FA is common within the crypto community. DTx will hold a majority of their crypto in ’cold storage‘. This means that it will be held off the network and away from hacking threats. Multi signature wallets will be utilized along with DDoS protection to keep the exchange online as much as possible.
-Trader friendly tools. By creating one of the best exchange experiences, DTx will have high liquidity and trading volume. This will allow users to trade freely across all the Coins and commodities offered on the platform. The tools that’s will drive users to the platform include commodity trading, spot trading, and futures trading. Specific trading features include one cancels one trades. This allows you to protect yourself against market volatily when you are away from the exchange. Hotkeys and mouse inputs Can be used to increase the speed of trades.
As previously mentioned, DTx is currently in the ICO phase. During the ICO, investors can contribute BTC, ETH or fiat through wire transfer to before the proud owner of DTx tokens. The incentive to become an early investor is the discounts on your purchase. The sale is currently in Tier 2 of the ICO. After Tier 2 is complete, prices will increase in Tiers 3 and 4. Below includes the prices and number of tokens available in each tier.
Tier 2 - $0.45 per token. 9,600,000 tokens available.
Tier 3 - $0.575 per token. 12,800,000 tokens available.
Tier 4 - $0.75 per token. 12,800,000 tokens available.
Additional information is available on the Digital Ticks website.
If purchasing tokens isn’t in the cards for you, but you are interested in the project, you can check out the BitcoinTalk Bounty thread.
Social media links are below. Make sure to follow to stay up to speed on Digital Ticks happenings!
Telegram: https://t.me/digitalticksexchange
Facebook: https://www.facebook.com/DigitalTicksExchange
Twitter: https://twitter.com/digitalticks
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