Some of the problems solved by Digitex | Digitex, a commision-free futures exchange | Conclusion

In this series of articles I talked about Digitex, a futures exchange managed in a decentralized way with 0 commissions fees that allows users to trade without having to worry about fees in each transaction made in the exchange. I talked about what it is, their way of staying online in a decentralized way. I talked about the presentation that will be made at the Malta Blockchain Summit on November 1-2 by the Digitex team and I talked about their great airdrop that will be giving away 6,000,000 DGTX among the best users who participate in the airdrop and invite more people to participate.

In this last article of this series of articles I will talk about some immediate problems that Digitex offers to solve so that the readers of this series of articles can have a well defined idea of why to use Digitex at the time of choosing a platform to trade after reading the things I covered trading of futures of cryptocurrencies. I will also give a short definition about what Digitex is after reading the things I covered in this series of articles..

Digitex is an exchange of futures of cryptocurrencies that is managed in a totally decentralized way that has its own token called DGTX, this token is used to carry out operations inside the platform, this way it is assured that the transactions do not have commission fees and equally the token will have value backed up in the demand that it has due to the potential traders who wish to operate in the platform for its attractive benefits in respect of the rest of exchanges at present.

Digitex offers traders many benefits that will allow them to generate 100% of the profits generated in a trade (i.e., they don't lose part of the profits due to fees) up to being able to participate in the maintenance of the exchange and manage the distribution of the DGTX token. Let's make a list of some problems that exchanges have at the moment. Let's get started:

This is the main problem of an exchange, the fees mean a considerable loss that harms 100% the traders who trade on the present exchanges. The fees are charged in order to maintain the exchange, thanks to the funds generated in the fees that the exchange charges in each transaction, to each user registered in the platform and who use it's services, yes, this method really works, but... Do you imagine trading in an exchange where no fees are charged?

This is where Digitex comes in. Digitex offers people the opportunity to trade cryptocurrency futures in a way that fees are totally excluded thanks to the way they maintain the exchange and their DGTX token, any trader has the benefit of trading without having to give part of their profits to the exchange! This feature makes Digitex unique as there are currently very few (or perhaps no) exchanges where no fees are charged on every transaction made by a user.

This is something that is also a topic of great interest when talking about crypto currency exchanges, the security of your funds. How is it guaranteed? Are the funds totally my property? These questions are things that we should ask ourselves while trading in an exchange, when we ask ourselves these questions we will realize that there are really some factors that can compromise the security of your funds, by this I mean that there are many ways that the funds in your account can be modified without your consent. For example, if an exchange requires confirmation of your account because you have not provided enough information to be able to trade freely on the exchange, the funds you have deposited in your account cannot be transferred to any other wallet unless you make the confirmation of identity which can sometimes be very tedious and there can be several complications regarding that, such as nationality.

In Digitex this is NOT exactly like this, in Digitex your funds are totally decentralized, that is to say, the only way that your funds can be removed or transferred from one place to another is making the transfer from the account and fulfilling all the parameters of confirmation to be able to withdraw the funds, theoretically there should not be any other form since your funds are backed up in a smart-contract on the Ethereum network, this means that they are under the backing of a blockchain and currently a blockchain is completely immutable until the arrival of quantum computers.

As I mentioned in one of the articles in this series of Digitex articles, centralization is an important factor when operating with cryptocurrencies, the cryptocurrencies themselves support decentralization and are loyal followers to it, the problem with exchanges that exist today is that, almost entirely: They are centralized, this means that your account can be removed from the exchange at any time and without your prior knowledge, not only that, in most exchanges you are not the only owner of the private keys of your wallets, this means that your funds are in total disposition of the exchange since with your private keys the funds can be transferred to some other place in a very simple way in case of hacking or even of corruption.

This changes in Digitex, as we mentioned in the previous problem, Digitex offers a decentralized way to safeguard your funds and also a decentralized way to maintain the exchange, this way Digitex is called The Decentralized Governance by Blockchain. Thanks to this form the exchange is maintained in a totally decentralized way since this will work thanks to the participation of the users after 2 years since the exchange has been released to the market. If you want to know more about this I invite you to the following article: The Decentralized Governance by Blockchain on Digitex | Digitex, a commision-free futures exchange | Part 2.

1. Fees in our trading transactions? That is thing of the past. Meet Digitex! A commision-free futures exchange | Introduction
2. Digitex vs traditional exchanges. | Digitex, a commision-free futures exchange | Part 1
3. The Decentralized Governance by Blockchain on Digitex | Digitex, a commision-free futures exchange | Part 2
4. Digitex in the Malta Blockchain Summit! | Digitex, a commision-free futures exchange | Part 2.5
5. Would you like to win DGTX tokens in Digitex? Join the Digitex Airdrop! | Digitex, a commision-free futures exchange | Part 3

• Digitex Website
• Digitex Whitepaper
• Digitex Airdrop
• Press
• Digitex Twitter
• Digitex Facebook
• Digitex Telegram
• Digitex Reddit

“DISCLAMER: The information contained within this post shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money by investing. The following information is for educational and entertainment purposes only."