Commission free is like a neodymium, that attracts traders' attention to join the cryptocurrency futures exchange. Digitex Futures team realised that this 'magnet' - the zero fee on trades is the key to grab traders to join and trade on their platform. That is why, Digitex Futures Exchange using the blockchain technology to erase the commission fee, decentralize account balances and govern itself autonomously.
In addition, to ensure that the general expenses are well covered, an ERC-223 compatible protocol token on the Ethereum Blockchain, named DGTX token, then issued as the 'heart' of Digitex Futures Exchange. This token uses as the native cryptocurrency in which all account balances, daily loss and profit, margin requirement, tick value and the settlement process are denominated. It means that traders have to own the DGTX token to access this zero fee transaction service.
As traders speculate on the price of Bitcoin against the US dollar, but their trading profits and losses are paid out in DGTX tokens, consequently traders need DGTX tokens to enter a trade, and this creates demand for DGTX tokens from traders.
How does Digitex Futures cover its general expenses and run its exchange?
This is also my question since we know that commission fee, transaction fee, or any other fee in trades are the pain for traders but the income for the exchange to cover their operational cost as well as run the exchange smoothly.
Digitex covers the cost of running the exchange by creating a small number of new tokens each year instead of charging transaction fees on trades. 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. Source
Is that all? Nope! Let's watch this video to know more about how this platform works!
Get Your Early Access and Win the Digitex Airdrop Campaign!
600,000 DGTX token, at the end of year once Digitex Futures Trading launches!
Joining the Early Access Waitlist is the best way to get instant insights on Digitex Futures latest developments and news! Moreover, Digitex are holding an airdrop to the top 5000 people registered on their waitlist! There are 1000 DGTX token each will go to top 5000 registrants, and the top 10 will get 100,000 DGTX!
Wow! How to get them?Just click this link and proceed your sign up by submitting your email address only. There are 600,000 airdrop, at the end of the year when this platform launches! Wohoo, don't miss the ship!
Early Access Reward Program
As the waitlist become longer day by day, it must be difficult to get ourselves to the top, don't you think so? How do we go to there, to be among the top 5000 registrants? I believe this question is also raised on your mind. :)
Well, here is the program! It is easy, actually, but will need a consistent effort in referring a friend by using our referral link. The more we refer, and (of course) they signed up, then the higher we can go.
As I mentioned above, the first 5,000 will not only enjoy the benefit of zero fee trading, but they will have a free access on experiencing the trading engine, making comments, leaving feedback, and providing the perfect test environment for Digitex developers. This is also the way in ensuring wether the platform is user friendly, 100 percent bug-free, and packed with the features our community members demand.
So..., what are you waiting for? Get your early access by signing up here!
The Platform will Go Live at Malta Blockchain Summit.
Curious about when and where the platform will be presented and go live? Here we go!
Save the date! 1 -2 November 2018 at Malta Blockchain Summit 2018.
The first live demo will be held at the Malta Blockchain Summit where Adam Todd will be one of the keynote speakers in this blockchain summit. Beside being live on stage, the Digitex team will also show off the futures trading platform. For you who are not able to participate in this summit, no worries, the live streaming on this action will also available as much as possible. So, keep your eyes to follow along with the Digitex Team!
Read more info about the event/live demo here.
Feeling interest to read carefully its white paper? Visit this link, or you can't wait to know more about the whole Digitex Futures info? Jump into this link and enjoy!
Or, if you don't have enough time to read them all, take it easy, I made a short video in summarize its info, and hopefully it can give you an insight. :).
Well, that is all for now, will see you again in the next post about another related info. :)
And to keep your self up to date with this platform, make sure that you follow Digitex Futures Exchange here: Digitex Website, White Paper, Twitter, Facebook, Telegram, Reddit.
**Disclaimer**
As I am not a financial adviser, please do not consider the information written here as a financial advice. It provided based on my research and overview only. We may gain profit or loss our money by investing/trading, equipped ourselves with more skill and knowledge on this matter will be a great support for a better trading result.
Al, Bandung, 6 October 2018.