What is Digitex?
Digitex is (as described in their whitepaper) "A commission-free, trustless futures exchange for trading digital currency prices." That's right, a commission-free exchange platform.
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That sounds awesome, but wait, how does that work?
Their plan is to launch their own crypto called "DGTX", an Ethereum based token to cover the operational costs by attracting traders to use it in futures markets. Also, the owners will determine how many new tokens will be issued each year to control the inflation rate.
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Why is important a No-Fee Exchange like Digitex?
Transaction fees, despite being low, are a rising problem that high volume traders face, this lowers the profitability and converts earnings into losing strategies.
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How Digitex solves this problem?
Earnings, losses, and account balance will be displayed as DGTX tokens, meaning traders are required to own DGTX in order to enjoy the commission-free and future markets on Digitex.
Where will the DGTX Token come from?
During the initial sale, Digitex will make 1 billion available, 65% will be up for sale to traders, Market Makers will take 20%, 10% for the Digitex team, and referrals will get 5%.
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Conclusion
Digitex is making a bold move in the futures market that will make some exchanges feel a little bit uncomfortable, on the other hand, users and traders will now have a new and fresh exchange to work.
More info and social media:
Digitex
Whitepaper
Facebook
Twitter
Youtube
Telegram
All the luck in the world for the team at Digitex and thank you for reading my short review.
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