Digitex The ideal exchange within the Ethereum chain.

guillermos (43)in #crypto • 6 years ago (edited)

Introduction

The cryptocurrencies are in the center of technological attention. The blockchain technology in which they are developed has proven to be a totally safe and reliable decentralized system, where users can control all their transactions and information, where an exchange between two parties is possible without the intermediation or supervision of third parties, reducing risks and where the transparency in each transaction is immutable since the data can not be deleted or modified.

Due to the high degree of commercialization of this type of asset, we have seen the need to create more efficient and effective mechanisms for this market. The great participation in the bitcoin trade has achieved the launching of futures contracts, which has been, An interesting idea for investors who travel the world of cryptography. Digital currency investors use service platforms for their currency exchanges. These same companies often speculate on the transaction fee costs when processing the purchase and sale orders that include, operative cost, and marketing costs, this amount is usually a percentage of the total negotiation amount. This is why there is a need for a futures trading platform that uses a strategy that can eliminate these costs.

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What are future contracts?

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Futures markets are ecosystems that allow the execution of purchase or sale contracts for certain products that mature at a future date, these can be of various types such as raw materials (oil, gold, silver, wheat, etc.), shares (facebook , google, Amazon, Apple, currently cryptocurrencies) these contracts are agreed at the current or current price and close at the expiration date specified in said contract.

For example, an investor can buy a future in oil betting that its price will rise at a certain time. Now, let's say that oil is trading at 50 dollars and the investor believes that its price will go up. So, I could buy a future at $ 55 with a one-month expiration date. If the price is $ 60 when the contract expires, you will get the difference of $ 5.

It is important to know that when we invest in a futures market what we acquire is not really the cryptocurrency itself but a contract or derivative thereof, that some owner shares his share or makes available to a third party that wants to negotiate with him.

Digitex

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Digitex is the first exchange platform for three cryptocurrency assets: BTC / USD, ETH / USD and LTC / USD that guarantees a free transaction fee. The exchange is maintained by issuing and selling a new currency token called DGTX instead of charging a transaction fee for each contract made by that merchant. This gives DGTX holders full control of the platform when deciding how many new DGTXs are issued for maintenance and operation. Users also ensure that the currency does not lose its value by printing new currencies that could devalue their own participation. Users have the power to delegate their voting power to print new coins.

Digitex is a unique platform that uses an independent (decentralized) and centralized contract at the same time. Digitex achieves this by seamlessly combining centralized servers with decentralized Ethereum based wallets.

So, is it a decentralized or centralized platform?

In reality Digitex is a combination of decentralized and centralized systems. It take the qualities of the two systems and that is why it is established as a powerful and transformative platform.

Benefits of centralized systems in Digitex

Centralized platforms have a high scalability.
The centralized platforms operate very fast and in real time, which is a necessity for the merchant.
The centralized systems have high levels of privacy, therefore, avoid pirate acts within the platform.

Benefits of decentralized systems in Digitex

With the use of decentralized Ethereum-based wallets traders can store their DGTX tokens and only they will own the keys of those wallets.
When an operation is going to be carried out, the decentralized purses communicate with the Digitex platform through intelligent contracts.

How does Digitex work?

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When a negotiation is going to be carried out in Digitex the operator acquires the DGTX tokens, and through the negotiation interface can perform the operation with a single click, where the movement of the offers can be observed (up and down) in the market.

With a click, the operator can activate the operation in the Bitcoin, Ethereum and Litecoin market that you have selected without any inconvenience. The Digitex digital platform communicates with the decentralized wallet through an intelligent contract and the transaction is carried out, which proves to be a highly secure and fast procedure.

Once the operation is completed, the DGTX tokens of the users are not stored in the Digitex platform, but instead, they are stored in their own decentralized wallets based on Ethereum.

The current futures exchanges

There are several cryptocurrency exchanges, among which we can mention bitmex. They charge a commission for allowing a trader to make a futures exchange. Within the Bitmex platform when the operator remains active in the exchange, its funds will remain in full custody. If for some reason the security of the exchange is compromised, the funds may be pirated and the user may lose their capital. Another important aspect within Bitmex is that if in a certain operation you lose or win, you must also pay the commission for the simple fact of having participated in the exchange.

Conclusion

Digitex is revolutionizing the futures markets because it provides the greatest security for the storage of funds in decentralized portfolios on the Ethereum chain. It provides the ideal exchange and gives greater advantages over existing exchanges.

Digitex is underway and here users will find what they really need, a secure exchange with the best benefits between decentralized and centralized systems and with commission or commission rates.