Comission- free futures currency trading- DIGITEX

"Bitcoin’s Market Capitalization Has Begun to Test the $100 Billion USD Area" -bitcoin.com
Bitcoin- the cryptocurrency that shook the world- has become so popular that it has spurred many upcoming cryptocurrencies in its wake. The market is growing at a rapid rate with investors and supporters multiplying everyday. In this situation a vibrant futures market is not only an avenue for generating profits but it has a stabilizing effect on the market volatility and invite more money into cryptocurrencies. Digitex is just what is required And it is commission free . If you think I am overstating the demand for Digitex just read this piece of news -THE DIGITEX ICO WAS SOLD OUT IN 17 MINUTES -source

Before speaking to you about futures and Digitex one more bit of news.-

" Digitex Futures will be revealing our first ever live demo of the
Digitex Futures trading platform at the Malta Blockchain Summit on November 1.
Adam will be delivering a not-to-be-missed keynote about futures
trading and we’ll be ready at the stand to take all your questions
and show you the working platform! " Digitex blog

Adam Todd is the founder and CEO of DIGITEX.

I know that like me, by now you are sold on Digitex but hang on if you want a Bounty- DGTX the crypto- token of DIGITEX is right now trading at four crypto exchanges at a value of $0.0322 source AND
Digitex already has an early access program for the community to earn valuable tokens. On top of that they are running a Steem Exclusive Bounty! where users can earn an extra 0.5 STEEM.

Here are the links: Digitex Early Access & Steem Bounty!

Now that you are back from registering with Digitex Early Access let's get down to the brass tacks.

What is Digitex Futures Exchange?
DIGITEX is a commission-free futures exchange with its own native cryptocurrency, the DGTX token. "The Digitex Futures Exchange has a golden opportunity to become one of the true pioneers of commission-free trading. This type of model has never been used before, mainly due to the fact that the technology simply wasn’t available. The Digitex team is taking advantage of this technology by laying the groundwork for others to follow."- Dave Reiter

The DGTX token is the Key to the exchange being commission free. Instead of charging commissions DIGITEX will mint a small amount of DGTX tokens towards it's cost recovery and profit. All transactions in the Digitex Futures exchange will be in DGTX. The traders will need to own DGTX to transact and all profits and losses will also be issued in DGTX. A simple example of such native currency would be the tokens we needed to buy when entering game rooms. The gaming machines don't accept notes and coins- only the gaming tokens. We purchase tokens when entering and cash out when leaving. Similarly traders would be buying DGTX tokens when trading.

The aim of DIGITEX is to set up an exchange where - trades are not throttled due to fees and commissions. - " Transaction fees are still significant on high volume, low profit margin futures trading strategies. They act as a massive brake on the potential liquidity of futures markets by converting marginally profitable strategies into losing strategies after commissions. "- Digitex-Whitepaper. DIGITEX is to become self-sustaining and growing economy.
"The owner of DGTX tokens has the ability to engage in the buying and selling of liquid futures contracts on the price of Bitcoin against the US Dollar, Ethereum against the US Dollar and Litecoin against the US Dollar without incurring any transaction fees on their trades. If the same trader buys and sells similar futures contracts on any other exchange he will incur commission costs. These commission costs can be considerable for very active, short term traders. So the more active the trader, the greater the intrinsic value of DGTX to that trader because every time he buys or sells a Digitex futures contract he is saving himself from paying a commission. A high volume, low profit margin trading strategy that loses money on every other spot and futures exchange due to commissions is converted into a profitable strategy when done on The Digitex Futures Exchange."

Digitex-Whitepaper

HOW CAN A EXCHANGE BE FREE? HOW WOULD Digitex Futures STAY OPERATIONAL?
Let's start with "exchange", Digitex Futures is a Bitcoin futures marketplace. Futures -"A legally binding agreement to buy or sell a commodity or financial instrument(currency) in a designated future month at a price agreed upon at the initiation of the contract by the buyer and seller." - NASDAQ. It is a contract which allows traders to speculate about future prices, in our case , of Bitcoin or Ethereum or Litecoin.

In place of charging commission on every trade Digitex covers the costs by minting a few tokens each year. Commission-free futures markets on a stable, fast and secure trading platform will attract large numbers of traders who must buy DGTX tokens to participate, creating increased demand for DGTX tokens that offsets the small inflationary cost of creating new tokens.

The decision on issuance of new tokens is Decentralized via the Blockchain. This Decentralized Governance will let the owners of the DGTX tokens to "collectively decide on when, if and how many new tokens are issued to cover the costs of operating the futures exchange."- Digitexfutures.com This makes the DGTX system transparent, reliable and sustainable. With every new trader/ investor who bringing transactions to the exchange, the system will become stronger and the DGTX token more fluid.

How the DGTX ecosystem will change the financial marketplace*
These are some of the unique features of DIGITEX

• Zero fees. The fee/commission based revenue mode is replaced by a commission-free ecosystem.
• Complete Privacy. Traders on Digitex can start trading immediately without needing to submit their name or any identifying documents of any kind.
• Blockchain driven. From the use of its own cryptocurrency to eliminate transaction fees, to storing account balances trustlessly in a decentralized smart contract, and allowing its traders to determine the rate of new token issuance, everything that makes Digitex revolutionary is only made possible by embracing the disruptive power of new blockchain technology that until very recently didn’t even exist.
• Decentralized Account Balances. Traders do not need to trust Digitex with holding their account balance in order to trade on the exchange. Your account balance is held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange. Digitex cannot freeze/mismanage/lose your funds because we physically don’t have access to your money. And in the unlikely event that Digitex is hacked there are no funds for the hackers to steal.
• One click trading. Digitex futures markets are displayed on an intuitive ladder interface that allows traders to submit buy and sell orders instantly with a single click. With minimal mouse movement and without needing the keyboard, traders never need to take their eyes from the price action.
• Digitex Native Cryptocurrency. Margin requirements are payable in DGTX tokens and traders account balances, deposits and withdrawals are denominated in DGTX tokens. Therefore, traders must own DGTX tokens to trade on Digitex’s commission-free, trustless futures markets, which creates demand for the DGTX token.
• Large Tick Sizes. In futures trading, a tick is the minimum price increment that a futures contract can move up or down. For example, the tick size on the BTC/USD futures contract is $5. This large tick size removes noise and allows volatile futures contracts to be displayed on a scalper-friendly one click ladder trading interface.
• Decentralized Governance By Blockchain. The token issuance revenue model is governed democratically by its traders, for the benefit of its traders, through Decentralized Governance by Blockchain. This means that all DGTX token owners collectively decide on when, if and how many new tokens are issued to cover the costs of operating the futures exchange.
• Advanced Technology. Digitex is built on the Erlang/OTP stack, the same programming language as WhatsApp, which was chosen for its real time updating capabilities. The Digitex order matching engine matches trades in less than one millisecond. The exchange is highly scalable to millions of concurrent users if needed.
• Off-Chain Negotiation & On-Chain Settlement. Digitex is a hybrid futures exchange that combines the speed and reliability of a centralized order matching engine with the trustless security of decentralized account balances on the blockchain. This offers traders the best of both worlds when it comes to speed of execution and the safety of their deposits.
• No Auto Deleveraging. Unlike other Bitcoin futures exchanges that offer high leverage, Digitex will not close you out of a winning position to protect itself from losses when your counterparty’s losing trade is stopped out because he was too highly leveraged.

-Source- https://digitexfutures.com/

The Future of Crypto Futures with Digitex when there are other already popular exchanges
Digitex is in a unique position to take over the entire futures market with a clear advantage over other exchanges - no fees! In a well defined and stable market, the margins are very thin. Unlike Digitex Futures Exchange, current exchanges have fees associated with trading futures contracts. On thin margins, these fees can easily make an otherwise profitable trader break-even or even a losing trader.-Source

Before we talk of the future lets look at the first 9 months of 2018. How does DGTX fare?

The DGTX tokens already have a strong base with increasing number of participants. And still the exchange has not opened it's doors. With a 100K people in the waiting list Digitex Early Access has been a runaway success. When the exchange opens the demand for DGTX tokens will skyrocket. Need I say more!!

As for other exchanges, there is little chance of competition as "Digitex has “cornered the market” on traders who use high volume/ low margin aggressive strategies. Thanks to no fees and no commissions, Digitex is the only firm who can offer such services to this group of traders and speculators."- DIGITEX

This is a video about Crypto and DIGITEX:

TO SUMMARIZE:

• Digitex is set to change Bitcoin futures trading by introducing a NO-FEE marketplace
• DGTX the native currency of Digitex Futures market is already gaining (937% in less than a year)
• Digitex harnesses the power of blockchain to secure and speed up transactions by using cutting edge crypto innovations.
• The control over DGTX is collective. This is the essence of blockchain- Decentralized Governance on how much to mint and when to do it.
• Digitex provides a one-click ladder interface with a large tick size. i.e. Ease of use for all, not just the experts.

Enroll with Digitex Early Access and invest in DGTX before the exchange opens.

Resources:

• Digitex Website
  Digitex WhitePaper
  Digitex Blog
  Digitex Telegram
  Digitex Reddit
  Digitex Facebook
  Digitex Twitter
  Digitex YouTube

The contest: https://steemit.com/crypto/@originalworks/1250-steem-sponsored-writing-contest-digitex

digitex2018