Digitex futures is an exchange that aims to eliminate commissions within the futures market, by creating its own native currency based on ethereum, the DGTX tokem. The said token will generate a demand thanks to the interest of investors attracted by the free trasactions, giving it a value in the market that will replace exchanges based on commission. The exchange also replaces centralized account balances with an independent, decentralized smart contract on the Ethereum blockchain that holds all account balances.
But to understand the purpose of Digitex futures, we must first understand that it is a futures market.
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Futures markets are based on long-term transactions, for example, between two parties that sign a purchase-sale contract for a product in which they specify a date and a price at which said product will be sold. They are often seen as a valuable financial tool to facilitate the trade of prices by reducing friction and costs.
However, despite this reduction in costs, transaction fees that sometimes rise up to 20% can dramatically affect the user's final earnings depending on the volume of the transaction.
It is here where Digitex Futures Exchange raises an innovative idea within the world of futures markets with the creation of a token based on ethereum called DGTX which would function as a native currency within the exchange.
All the benefits, losses, margin requirements and account balances are denominated in DGTX tokens, so in order to participate in the commissions free markets of the Digitex Futures Exchange, the operator must have DGTX tokens, this will increase the demand of the tokens depending on the number of merchants and investors interested in the project, giving a value to the currency that will serve to replace the costs of transaction fees by creating and selling a small number of new DGTX tokens each year.
Digitex Futures is an innovative project within the field of future exchanges, adding an attractive feature such as free transactions, which may attract a large number of investors and traders interested in such a proposal. In addition to this the DGTX tokem is already valued in several reliable internet sites such as Coinmarket cap, with statistics that demonstrate its strength and confidence and project it as a long-term profitable option.
If you wanna learn more about this porject, there are some links with useful info:
- Digitex Web site
- Digitex Whitepaper
- Digitex Blog
- Digitex Telegram
- Digitex Reddit
- Digitex Facebook
- Digitex Twitter
- Digitex Youtube
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