I had a quick look at the exchange you linked, I am confused as what the token is for, it says there is no trading fees so I suppose the money is made on the spread. So what is the purpose of the token exactly? Do traders have to buy the token to being able to trade, like a bond?Thanks for sharing your opinions @osigbhemeh.
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@tradealert, thanks for going through. And yes, the DGTX token is created on the Ethereum blockchain for transaction on the platform. Yes, traders are to buy the tokens before being able to trade. Signing up gives you early access when the platform launches its exchange :)
so traders have to pay for tokens and pay a hidden fee on the spread, that doesn't seem like a very good deal. Am I missing something here?
Guess you're missing something. Trading activities will begin later this year after the launch, right now, they are running a campaign where people can earn free DGTX tokens once you register :)
Had a look at the token, it's most likely a scam, even if their "token for trading" system was legit that wouldn't make the exchange fee-less.
Stay away from that project.