Introduction
Digitex is going to become the first exchange of its kind as it is going to be the first exchange on blockchain to provide commission free Futures Exchange.
Digitex exchange is free from transaction fees.
After hearing that it will not be charging any of the transaction fees everyone would be wondering that how would the exchange manage for the operational cost ? How will it pay for its maintenance and all the other expenses which an exchange go through in order to run it. So answer to all these questions is that inspite of charging fees they are going to issue a new currency which will be DGTX which they will use to meet all the expenses.
For this users and holders of DGTX will decide how many new DGTX are issued to cover the operational expenses.
Digitex Futures Exchange
It is a new and revolutionary futures exchange model that created its own cryptocurrency to replace the need for transaction rates in the Northeast or Southeast. Free commission trading will create very liquid futures markets by attracting large volumes, short-term traders whose trading strategies are not viable in other exchanges due to commissions. As the prices of cryptocurrencies rise, percentage of transaction fees based on other exchanges will also increase, further increasing the attractiveness of a futures exchange without commissions.
A crypto currency that promises great benefits
Since it is a commission-free platform, customers will opt for Digitex Futures Exchange, which in turn significantly increases the liquidity of the DGTX. It is therefore entirely possible the self-sustainability of a network that encourages the use of its own crypto currency, in order to be able to annul the operational cats of its customers. I am absolutely sure that the Digitex Futures Exchange will become one of the platforms par excellence when it comes to the Exchange of crypto currencies, not only for its commission-free platform, but also for the security features that inspire confidence in the platform.
The following image shows the position of the DGTX in relation to famous crypto currencies.
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Soruce
In this image you can see the comparison of commissions between different platforms, the difference is clear.
WHO MAKES DECISIONS?
The Digitex Token, DGTX is extremely important because it helps in ensuring a commission free transaction. "Since all profits and losses are expressed in terms of DGTX, traders must own DGTX to take advantage of the commission free system".
"This means that there will be a constant need for users to have DGTX tokens! This in turn ensures that DGTX are always in demand. Since the issuance of tokens are decided by the users they will be minimized to ensure that inflation is as low as possible while continuing to maintain a healthy operations fund".
"The costs associated with operating the Digitex Futures Exchange will be forecasted and estimated in a transparent manner that will ensure that the users understand how the budgeting estimates are determined as well as how the operational funds are spent".
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