Introduction

Since the inception of Cryptocurrency and the Blockchain, which saw the birth of Bitcoin in 2008, both sectors have worked tirelessly to achieve improvements in other crypto platforms which has also had an impressive growth over the years. Platforms ranging from data storage in the business sector and also in the medical field to payment transactions and exchange in the marketing sector just to mention a few.

However, I will be focusing more on transaction and exchange sector for the purpose of my article.
It is not new to us us that quite often, commission are charged by an agent or broker on its is users for carrying out a transaction, this is also applicable in the crypto sector. Most crypto platforms dealing mostly in transaction, instant peer-to-peer payments as well as exchange demands certain commission from its users for its services, which are sometimes unfavorable and oftentimes discourage small investors/firms or beginners.

A platform may have as well found a solution to create a favorable environment in the exchange market, as it does not charge any fees on transaction and peer-to-peer payments as well as exchange, it operates on a zero commission charges for its users. Now if this isn't a positive innovation, then I don't know what is.

Digitex Futures Exchange:

Digitex is the first Futures Exchange without commissions in the block chain. Which seeks to generate a sustainable ecosystem through its own token called DGTX which should be used by operators who make life in their platform and thus be able to sustain a system that does not live on transaction fees, achieving a very high attractiveness on the platform that attracts operators generating more demand for DGTX tokens to maintain and operate without having transaction fees.

Understanding Futures Concept

Futures are contracts for assets bought at an agreed price but will be paid and delivered at a later time. Futures play an important role in the stability of naturally volatile markets like commodities (prices vary from season to season) and cryptocurrency (where prices could be impacted by rumours, market manipulations and regulations).

Futures are financial contracts obligating the buyer to purchase an asset or the seller to sell an asset, such as a physical commodity or a financial instrument, at a predetermined future date and price. Futures contracts detail the quality and quantity of the underlying asset; they are standardized to facilitate trading on a futures exchange. Some futures contracts may call for physical delivery of the asset, while others are settled in cash - Investopedia.

PEG SYSTEM

There are risks associated with with futures especially with price fluctuations. The blockchain technology is reputable for its volatility and price volatility can be bad for business. Digitex in a bid to eliminate price risks employs their peg system.

This peg system allows users lock in a sale at a particular price while keeping the DGTX tokens touse as margins for trades. Hedging of assets is made safer with this pegging system. The trader buys the DGTX tokens and he is able to lock in a sale for the same rate at which he bought it.

users should note that a rise in the price of DGTX tokens will create a loss for him since he has already locked in at a lower price.

Digitex offer users a free, easy , quick and frictionnless way to trade with DGTX. With the plethora of cryptocurrency, conversion to and from the DGTX token will be easy and without transaction fees.

Whether for a Long or short term purpose, Digitex presents a range for functionalities with its token.

Democracy on the Blockchain

The token holders will be given a chance to vote on when they want new tokens to be created and how much of the tokens would be needed that the system stays operational.

The voting process simply requires the holders to present a proposal for the minting of new token. The process of voting will take time and a lot of scrutiny. All the facts and data have to be appropriately analysed before deciding on creating new tokens.

The process can be time and energy consuming. So for a user who does not have the time nor the energy will be able to delegate his voting power a trusted individual to help out with the voting process.

DGTX Token Sale

As at when DGTX token sale was launched, buyers exchanged ETH for DGTX token at an equivalent price of USD $0.01 per DGTX token. With rapid growth in Digitex which demands traders to buy DGTX token to be able to participate in the commission-free future exchange platform, will drive the price of DGTX token considerably higher than its lunch price of $0.01.

Case of use:

Carlos is a lover of mechanics, apart from being attracted to the world of cryptocurrencies and the actions of companies for a long time, now he is trying to make his retirement based on the blockchain, he knows what the future is and that your withdrawal should place you in a reliable cryptocurrency

In these moments Carlos works 6 days a week in his workshop, it is a physical work and he does not know until when he can do it, he has received very good payments and he wants to invest them in the long term and thus forming his retirement, Carlos meets Marta He is selling part of his shares of a very good company and he wants to buy it, but Martha has these shares in a fixed contract for 6 months, Marta needs to sell and Carlos does not want to miss the opportunity to keep those shares.

They decide to use the Digitex platform using an operator they carry out their contract that is celebrated today, agreeing a price for the shares that will be released in 6 months, apart they are happy with the idea of ​​not spending in commissions due to the use of the platform, so Marta already has her buyer, she does not have to look for more and Carlos already knows that she will be able to count on those actions in the future.

SUMMARY

Commissions in blockchain transactions can sometimes be a thorn in the flesh for traders. Every trader wants to make profits at every trade he partakes in but considering the current exchanges, the trader can not do that. Digitex now offers him a chance to enjoy commission free exchange services; retain control of his asset; and with the pegging system lock in on trades and hedge assets much safely without falling victim of price fluctuations.

For more information

https://digitexfutures.com/get-early-access/
https://www.digitexfutures.com/whitepaper/Digitex-Whitepaper.v.1.1.pdf
https://blog.digitexfutures.com/
https://t.me/digitexfutureschat
https://www.reddit.com/r/DigitexFutures/
https://www.facebook.com/DigitexFutures/
https://twitter.com/digitexfutures
https://youtube.com/channel/UCjY3JG9agHi2ePDTm6sJysw

Twitter Link

digitextwitter

digitex2018