Digitex a trader’s paradise with 0% transaction fees

in #contest6 years ago (edited)

¿A key to improve trading with 0 fees forever?

The Trading World as we know it, its part of several transaction with both parties, one as a maker and other as a taker, the exchange (platform) is categorized as “mediator” getting a commission fee for both, in retribution for using it…

This fee has been “part of trading”, setting a possible loss in transaction or less profit, in both cases it’s a negative aspect of trading.

In case of holders and exchanges it’s a good time, because both has a steady income regardless of whether the user makes money or loses money.

¿How this can change now with Digitex?

The technology to make this possible is available now, and Digitex is taking advantage of it to take place as a pioneer of commission-free trading.

As stated in their Whitepaper:

By creating an ERC-223 compatible protocol token on the Ethereum blockchain called the DGTX token, and using it as the Digitex Futures Exchange’s native currency in which all profits, losses, margin requirements and account balances are denominated, the exchange can eliminate transaction fees on trades and cover costs by creating new tokens instead of charging fees. The relatively small inflation cost of creating extra tokens is more than offset by the demand that is created by traders who must own DGTX tokens to participate in the commission free, liquid markets that are created by this model.

This means that instead of charging fees for transaction they create new tokens, providing more demand and small inflation at the same time.
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¿Is this sustainability?

One of the most valuable aspect of Digitex, its their projection in long time, the system by itself was created to ensure that DGTX token is well funded and operational.

Holders as balance keeper:

  • It’s important to ensure that Digitex future exchange can continue operating.

  • Not create too much new currency to devaluate their own holding.

  • Capability to vote on how many DGTX are issued.

  • Delegate his own vote to a trusted holder.

Functionality specially for trader

  • Owner of their private key.

  • Complete control over assets.

  • Trading environment with DGTX token.

  • Usability on trade screen with one click (just mouse needed).

  • Can eliminate DGTX price risk from their trades with the DGTX Peg System.

  • Ability to future contracts with BTC, ETH and LTC.

  • Complete privacy, not information about users.



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¿How future contract works?

Its a contract to buy something (an active) at a specific date - a standardized asset or commodity at a specific price, this arrangement is limited in time to access.

For example:

Digitex, set an airdrop to be on social media and get new audience, in retribution set 1000 DGTX, 70% of them available with the task, and a 30% saved in a future contract.

Can access to some part of tokens, some of them as liquid (700 DGTX available) and others freeze (300 DGTX not available yet) until stated time is reached.

In that time those tokens can raise their value or decrease, conserving the same amount, lets imagine they raise their value in 70%.

Assuming that their actual value is 0,01 $ multiplied for 700 DGTX available its 7$, in the other hand, the 300 DGTX in future contract corresponding to 3$ at first time, raise their value in 70% to 5,1$.

Future Contract Token DGTX

Value

Liquid (Available) 700
7$
Freeze (Not available) 300
5,1$

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DGTX peg system, a safe bet to play:

It´s a future contract on the price of DGTX that allows holders of DGTX tokens to lock in a sale price at the current market price, this means that your tokens are safe in their value of current market, this works for other cryptocurrencies once they are passed to DGTX tokens.

For example:

The BTC value it´s on 10500$, to maintain that value i exchange that BTC for DGTX and use the peg system, having now 10500$ in DGTX token, this tokens in particular keeps in that exactly value inside of the future contract.

It´s good in case of saving other cryptocurrencies and maintain their value, in the other hand, can be “bad” if DGTX token raise their value or the BTC used in this example.

DGTX token supply and distribution

The total supply of DGTX is 1,000,000,000 (one billion) DGTX tokens which is distributed as follows:

Digitex 2018 timeline:


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Digitex Use-Case:

Case 1:

John is a new trader, he has 2 months since his first investment in cryptocurrencies, he tasted the bad side from trading, he was convinced of earning a profit of 30%, but didn´t considered the commissions of platform, reducing his profit to 5%... But now he heard about Digitex and their DGTX free of commission transactions…

¡Now John is looking forward to trade again!

Case 2:

Paul is afraid about constant changes on cryptocurrencies, he has some investments in 4 different platforms, one of them make him concern a lot, the value of it has changed since their value of 1,2$ to 0,65$, he holds waiting to change the market and checking day after day their value…

This situation changes when he knows about Digitex and the peg system, making possible to lock the value of cryptocurrencies in future contract.

Now Paul doesn’t concern checking the market every day.

Case 3:

Angel is an experienced trader, he constantly is aware of 5 cryptocurrencies in particular, however, he thinks that can trade faster than now, moving several types of cryptocurrencies in different platforms its getting tired for him…

Until he knows about Digitex and their native cryptocurrency for traders, checking and trading in matter of clicks.
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Personal conclusion:

As i entitled before, it´s a paradise for everyone in trading environment, their mission is to ensure the profit of users reducing risk, in first instance in commission fee, then in lock money value, completely privacy, control over assets and easy trading interface with DGTX token.

They are so engagement for excellence as traders that their launch of ICO in january lasted only 17 minutes, and now are testing with 1 billion DGTX token to check how system works to more improvements.

Videopresentation:


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Digitex Team

Adam Todd

Adam Todd

Founder & CEO

Ex pit-trader on the London International Financial Futures & Options Exchange (LIFFE). Founder of BetTrader, a popular ladder trading interface that's been online for 14 years that connects to the world's biggest betting exchange, Betfair.com. Adam was one of Betfair's most successful sports traders ever, once going 8 months of full time daily trading without a losing day.


Lee Mayne

Lee Mayne

Head of Operations

Lee has experience in helping small-to-medium businesses meet their technology & online needs. His skills run the gamut from UX to hosting expertise. He has been involved with trading applications and exchanges for both the sports-trading and iGaming industry for the last 10 years, having lived in Malta, Dublin and the London area. A skilled people-person, Lee also brings out the best in organisations and people.


Martin

Martin Deering

Head of Information Technology

Martin has worked in the publishing, web-development, and localisation industries for over 20 years, creating bespoke publishing and database solutions. He holds degrees in German and Psychology, and is happiest when getting computers to do all the work for him.


LidiaYadlos

Lidia Yadlos

Head of Marketing

Lidia has been working as a Digital Marketing professional for the past 8 years. She has a B.S. in Business Marketing from Kean University. Her expertise ranges in content development, social media management, PR, media buying, website design, brand direction and advertising campaigns. She has spent the past few years in NYC working as a marketing consultant for clients ranging in verticals such as tech-startups, fashion and event production.


Dmitrij

Dmitrij Szewcow

Communications Manager

With over 7 years of experience in sales and customer service working in a variety of companies in the UK, including telecoms and real estate, Dmitrij widely polished his skills as a communications manager before joining Digitex. He has also been a part-time trader on Betfair and a keen Cryptocurrency investor since 2016. Dmitrij can also read people’s minds, having been a professional poker player for 6 years.


Sona

Sona Gill

Communications Manager

With a degree in Accounting and Finance, Sona has been personally investing in the crypto world since early 2016. He has gained a strong understanding of blockchain technologies and its potential. His valuable customer support skills from working in a variety of industries have been a huge asset to the Digitex team. He is well known as one of the "voices" of Digitex, educating our community on our project and offering support around the clock.


Advisor

Mickael Salabi

Tokenpot Capital

Founder and General Partner of Tokenpot Capital, a cryptocurrency hedge fund that produced quadruple digit returns in 2017. Formerly Director of Technology at Razorfish, Mickael was an early adopter of cryptocurrencies, contributing to projects since 2012.


More Information & Resources :


Regards,

@pabloptimista

Thank you for a Great Contest by @originalworks and sponsored by Digitex


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