Digitex ICO - Starts tomorrow. What is it?

I wanted to share a little bit about an ICO I learned about recently called Digitex. After a bit of research, I have come to the conclusion that this could be a great investment opportunity with large returns.

As with any ICO, great care must be taken to make sure that it is a legitimate project with a reputable team. There are many questionable ICOs out there so I wanted to share my research and conclusion regarding this one.

So what is the purpose of Digitex?
Digitex aims to create a commission free Bitcoin futures trading platform for Bitcoin, Ehtereum and Litecoin against the US Dollar. As far as I know, there is no crypto futures trading platforms available today other than the contracts available on CME or CBOE. What makes Digitex unique is that it plans to be a Decentralized exchange having account balances stored on independent Ethereum smart contracts and not on the exchange. Furthermore, traders on Digitex will use decentralized governance to determine how many new DGTX tokens to issue and when.

So using Digitex, traders will be paid profits/losses in DGTX tokens which will create demand for the tokens driving up the value of them. Instead of charging transaction fees to cover expenses, they will create a small number of tokens each year.

So in my opinion, this could be a very popular platform since it doesn't have alot of competition. This is similar to Binance. You can trade on Binance using their BNB token which is currently valued around $17 and they have only been around about a half a year. Could Digitex follow a similar path? It seems plausible though with such a higher coin supply, it most likely will not hit that high of a value but should experience respectable gains nevertheless.

The initial supply of DGTX will be 1 billion tokens of which 700 million will be sold during the ICO phase. 10% will be held by the team and will remain vested unitl one year past the first revenue generation token creation event. This ensures that the team has strong incentive to create a stable, self perpetuating business model.

The road map for Digitek is as follows. 2018 first quarter is the ICO token sale which starts tomorrow. They will be getting listed on exchanges during the second quarter. During the 3rd quarter they plan on completing Digitex exchange voting & accounts smart contracts will be deployed. The final launch of the digitex futures exchange will occur in the 4th quarter. So investing in Digitex should be thought of as a long hold at least till they hit the exchanges. However, I would think that holding until after the launch would be wise as this should immediately increase the value of the tokens.

What I really liked about Digitex is that it has a capable team behind it with a proven track record. The found and CEO is Adam Todd. He is the founder of BetTrader, a popular ladder trading interface which has been online for 14 years connecting the world's largest betting exchange, Betfair.com. Adam is an experienced trader and was once a pit-trader on the London International Financial Futures and Options Exchange. Digitex seems to be very transparent providing information about all their team members and qualifications which makes me feel a bit more confident regarding the project.

I have also followed their activity online. The staff is very responsive on Reddit with Q&As and readily available to answer questions and help out. This further helps build trust and it is good to know that the team is actively engaging with potential investors in a transparent manner. You can learn more about them via Telegram, Reddit, Medium, Facebook and Twitter. See below for links.

Telegram
https://t.me/digitexfutureschat

Reddit
https://www.reddit.com/r/DigitexFutures/

Medium
https://medium.com/digitex-futures

Facebook
https://www.facebook.com/DigitexFutures/

Twitter
https://twitter.com/digitexfutures

During the ICO, which starts tomorrow, they are offering a 20% bonus if you invest during the first week. They are also offering an outstanding referral bonus. Refer others to the token sale and you will earn 30% of what your referrals invest.

So how do you invest?
To invest, you will be sending Ethereum to their smart contract. So you can purchase Ethereum through coinbase or whichever exchange you wish and send it to a wallet that can accept ERC-223 TOKENS. They recommend that you use MyEtherWallet.com. Once your Ethereum is on your MEW wallet, you can then send it to the smart contract once the token sales commences. They will provide the smart contract address on their website when it starts.

Remember, please do your own research before you invest and invest only what you are comfortable with losing.

Here is a link to the Token Sale where you can signup. (Full Disclosure: This is my referral link so if you found this information helpful, please signup using it)

https://vrlps.co/a?pt=24egHeF-mYgN9sCzFHAbpvZzKrw&referralCode=B1pGm4dNM&refSource=copy