Now you can have all your gains to yourself without worrying about transaction fees; All you need is Digitex

Introduction

When prices are transferred, some amount of token are charged as commission, this got so frustrating before the future exchange Intervene. When they intervene, there is control over the cost of transaction, this is good, very good indeed, but let me ask a question, “what of the people that have a lot of prices to transfer?” you already know the answer I guess.

The Problem

When you transfer a lot of prices, that mean you pay a lot of commission. Oooops!!!, the problem still remains. It can never continue like this, that’s what I use to tell people, they did not believe me though, but now it is time for revolution. What do you think could be the solution to this problem? Maybe the commission should be reduced a little more. No, I don’t think that solves the problem. The perfect solution to this problem is to eliminate the cost of transaction totally. That sounds impossible right? Follow me lets discuss Digitex

What is Digitex?

DGTX is a future Exchange market that eliminates transaction fees on prices just by designing a token which is based on Ethereum. This token is named DGTX token and it is made the native currency of Digitex exchange.

How do Digitex generate their revenue?

I am very sure by now you are wondering where the exchange will be getting their own revenue. It is very simple, Digitex was designed in such a way that it will be responsible for managing all account balance, margin requirements, profit and losses. This means that all traders must possess a DGTX token before enjoying the commission free and trustless market provided by Digitex. By doing this, Digitex exchange will be able to generate revenue by providing and selling small amount of Digitex token each year.

Digitex Commission free and trustless nature

Commission Free future
Digitex will be the first future exchange to design and set up a way of carrrying out transactions on prices without any cost or commission.

Instead of charging commissions on price transactiond, digitex has successfully created a new kind of token named DGTX which must be owned by traders that wants to enjoy the commission free price transaction. On this token will all account balanced be dominated and also profit and losses will be managed. So in order to cover for price transaction fees, DGTX will be soldout to traders that are interested in the commission free futures.

Digitex Trustless Future Trading

Digitex will also be able to enhance price liquidity by creating a trustless nature of the digitex futures exchange. Compared to other futures exchange, Digitex traders will be trading with no need of trusting Digitex with their money. This is possible because account balances are handles by a decentralized and independent smart contract based on the Ethereum blockchain instead of being handled by the exchange.

When transactions are done by traders, Digitex exchange will inform the traders account balance on smart contract of traders outstanding margin liabilities and at the same time, profits and losses. This keeps the account balance up to date but this does not mean that the physical possessions of traders funds and private keys will be handled by the exchange.

Benefits Of Digitex Futures

1. Majorly, transaction fees will be eliminated for traders.
2. Traders do not need to worry about the security of their private keys because Digitex will not be responsible for holding users private keys.
3. Future market will also be affected possitively because inflation will be controlled.

Use Cases

A friend of mine dealing with cryptocurrency is having different account and wallet, he makes transaction on all his wallet almost everyday. On each of his account, commissions are charged, he sat down and discovered that the transaction fee is even more than the gain he do realize. He was discouraged and he decided to stop transaction on all his account. Fortunately for my friend, he read about Digitex online and what they do. He was very happy and now all his account are back to work.

Conclussion

Digitex future exchange is now successful in eliminating transaction fees and commission which will in turn allow traders to gain more in their trade and also improve the future exchange market.