Hello everyone. It's no news that the Digitex Futures Exchange will be the trader's choice in carrying out transactions once it is launched next month. Digitex Futures which also boasts of many features and benefits has fulfilled the dreams of many traders in their search for a zero-fee commission exchange.
Before now, when traditional methods were firmly in place in carrying out numerous transactions. Simple tasks like bank transfers, sending letters and bank deals were made possible through the help of a broker. The broker serves as the middleman between the buyer and the seller, and as such, these transfers attracted high brokerage fees to be paid. And with the emergence of the virtual currency which was based on decentralized blockchain system, was solely meant to eradicate the importance of both middlemen and middlemen services such as banks and many other financial institutions.
One thing that remained constant was the fact that transacting financial assets was going to be swift and easy, but some fees were to be paid, fees known as network fees. A platform where transaction of cryptocurrencies are carried out is otherwise known as an "exchange'', a hub where high number of cryptocurrency transactions are being carried out. After the provision of these trading platforms, in return, the traders are being charged with a number of high fees(commissions) for making use of these platforms, fees like trading fees, withdrawal fees, etc. Hence, these platforms are making enough money at the expense of the traders, thereby putting the traders under immense pressure in trying to achieve their goals and pay these fees. This is one of the barrier traders face in using these exchange platforms, one that Digitex futures is solving by creating a zero-fees commission futures exchange.
Digitex Futures is the very first exchange platform that doesn't charge users on the platform for transaction fees thereby allowing traders to enjoy and maximize their profits. The Digitex Futures Exchange also eliminates transaction fees by creating an Ethereum based token known as the DGTX token which serve as the platform's native currency for carrying out transactions and covering maintenance costs on the exchange. All profits, loses, account balances on the Digitex Exchange will be denominated from the DGTX token. To fully take part in this commission-free platform, it is compulsory and mandatory for traders to possess the platform's native currency for swift transactions. This model will create a huge demand for the token as traders will want to dive into this commission-free platform, and as such, the exchange will be able to generate its revenue by creating and selling certain amount of the DGTX token yearly.
DIGITEX TOKEN DISTRIBUTION
The Digitex Token is the most important and vital instrument used in carrying out trading activities on the platform. The token is for traders to use within the platform in carrying out transactions. Apart from carrying out trading activities on the platform, the DGTX token is also used in preserving the market makers in a unique manner. The market maker is an automated bot that helps in creating liquidity on the Digitex platform, which has to do with maintaining and developing the exchange. As a result of the vast trading activities on the exchange, the DGTX token is evenly distributed to both traders and stakeholders using the exchange.
This distribution of the DGTX token is in line with the ratio of the total 1billion DGTX token that's in flow. 20% of the tokens in circulation is designated to the Digitex market makers for the sole aim of maintaining the exchange and about 65% is issued out to the public for sale. Now, individuals are faced with the opportunity to trade ETH for DGTX token, which is one major importance to possess the tokens. One ETH is estimated to be sold at about $0.01 per token. 10% of the tokens will be given to the present and future Digitex members and those who serve as consultants in bringing different ideas for the platform to function very well. This single act of kindness depicts appreciation for a job well done both in the past and present. And finally on the DGTX token distribution, 5% of the token goes out as referral bonus for eventually everyone, as long as you're on the waitlist.
Why not join the referral bonus to win some tokens? sign up here to join the waitlist before the launch of the exchange.
Visit the links below for more information.
Digitex Website
Digitex Whitepaper
Press Release
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