What is Digitex and how will the way cryptanalysts interact with Futures change?
Digitex is a commission-free exchange with its own native cryptocurrency: The DGTX token. Operators need DGTX tokens to enter an operation, and this generates demand for DGTX tokens by them. Digitex offers: zero trade commissions, decentralized accounts and decentralized government. The way in which Digitex covers the costs of exchanges without charging commissions is by creating small amounts of new tokens each year. The rates are eliminated in the Digitex Futures Exchange by creating a token based on Ethereum, called a DGTX token as mentioned above, and using it as a native exchange currency.
Why are tariffs problematic for users that operate in futures? How does the creation of a futures exchange free of charge allow users to obtain more of their operations?
"The futures markets provide traders the opportunity to negotiate prices without the high costs and risks of transferring, storing and paying in full the underlying real instrument on whose price they are traded, but in spite of the lower costs, the prices of Transactions remain significant in high volume, low profit margin trading strategies. " With the commissions you can register large losses.
An exchange with commission-free Digitex allows users to perform the operations they desire and obtain high returns.
With such a solid base and rapid growth, where do you see Digitex in 2019, 2020 and 2021?
We know that in 2021, Digitex Futures Exchange will begin to create new DGTX tokens to cover operating costs. These will include many associated costs. Digitex has a unique position to take over the entire futures market, with a clear advantage over traditional exchanges: No commissions. DGTX is and will be a self-sustaining and growing economy. All the free operations will attract more users, which makes us expect that in the coming future Digitex will be the leading exchange of futures.
How are the commercial rates that kill the merchant's profits?
"Transaction fees remain significant in high volume and low profit margin trading strategies, acting as a massive brake on the potential liquidity of futures markets by converting marginally profitable strategies into loss strategies after of the commissions ".
If we compare the rates between BitMEX and Digitex Futures Exchange, we can see how a trader can obtain a higher yield by doing the same operation in both exchanges. The high rates and other exchanges make them unusable, which gives Digitex an advantage and opens the way for operators who want to apply their strategies without reducing their profits.
What is the impact of granting users the power and control over how Digitex Futures Exchange is financed?
One of the biggest impacts of granting users the power and control of finances is that Digitex Futures Exchange does not own any of the private keys and the exchange does not have physical possession of the funds. This means that operators in Digitex can participate without having to trust in the exchange with the custody of their funds. This differentiates Digitex from traditional exchanges that require operators to give full control of their account balances to a third party that can freeze, mismanage or lose those funds. That way users can maintain control over their assets without fear of losing their funds.
Another detail is that the operational costs in Digitex will be predicted and estimated in a transparent manner. In addition, Digitex operators use decentralized governance by Blockchain to determine how many new DGTX tokens to issue and when.
What are some good use cases?
Digitex can be used by any user who wants zero trade commissions, decentralized accounts and a decentralized government without having to trust in the exchange with the custody of their funds or giving their private key. Any user can acquire futures with Digitex, which is an advantage in the stabilization of naturally volatile markets, in this case cryptocurrencies.
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