Hello Steemians
Hope, all are okay.
and I'm also good.
What is Digitex?
Digitex is the first commission-free futures exchange which has its own native cryptocurrency which is the DGTX token.
Yeah, that's right. Digitex is totally free of transaction fees which definitely means no transaction fees at all.
"It is in the best interest of every DGTX holders to:
- Ensure that the Digitex Futures Exchange can continue operating.
- Not create too much new currency to devalue their own holding.
DGTX holders can vote on how many new DGTX are issued, or alternatively delegate their voting power to a trusted authority. DGTX holders are organically incentivized to find the perfect balance between a well-funded exchange as well as relatively low inflationary cost."
Traders speculate on the price of Bitcoin against the US dollar, but their trading profits and losses are paid out in DGTX tokens. This means that traders need DGTX tokens to enter a trade, and this creates demand for DGTX tokens from traders.
Decentralized Account Balances
You don't need to let exchanges hold your funds hostage as digitex does not hold your private key.
Yeah, that means you can retain control over your assets. As we see from history, there have been exchanges in the past that steal or lose user funds. And that won't be happening again with a decentralized account balance.
"We want to decentralize account balances, and allow traders to be able to use our exchange in a lifetime trading environment. - Adam Todd, CEO"
The Future with Digitex where there'll be Futures
Futures are a promise or contract to buy something at a specific date, at a specific price. In stabilizing naturally volatile markets such as commodities and cryptocurrencies; Futures play an important role.
Think about a self-sustaining and growing economy which would be Digitex. Free trades will attract more users and that will in turn increase DGTX liquidity as users purchase DGTX to continue using the service of Digitex.
Because of it's free of transaction fees; Digitex is in a unique position to take over the entire futures market with a clear advantage over other exchanges.
"It is self-evident that traders are rushing to the platform!"
What About Existing Exchanges?
"In a well defined and stable market, the margins are very thin. Unlike Digitex Futures Exchange, current exchanges have fees associated with trading futures contracts. On thin margins, these fees can easily make an otherwise profitable trader break-even or even a losing trader.
The above fees comparison between BitMEX and Digitex Futures Exchange is a great showcase of how a trader will be affected by a fee free exchange alternative.
In the example above, the same trade on the Digitex Futures Exchange made 400% more return than an equal trade on BitMEX.
The exorbitant fees on BitMEX make it virtually unusable in comparison!"
6,000,000 DGTX Giveaway
Yeah they're throwing airdrops also.
Share, follow or use your referral link to enter the airdrop!
1 - 10 will receive 100,000 DGTX tokens
11 - 5000 will receive 1,000 DGTX tokens
Airdrop Contest Rules & FAQ:
- You must click the verification email sent to you for your referrals to count.
- Entries must be unique referrals/ip's & not duplicate entries.
- The contest will run until we launch our exchange at the end of Q4 2018.
- The top 10 users will get 100,000 DGTX Tokens each
- The top 11 - 5000 users will get 1,000 DGTX Tokens each
- This page can be accessed by checking the confirmation email sent to you.
- We reserve the right to disqualify and remove anyone who tries to cheat the contest at anytime.
I've already joined the Early Access and i recommend to join with the given link so I might have something in stock for me.
Join their Early Access and be a part of the giveaway
Hold on! A steem bounty for early access!
Yeah, they are running a Steem Exclusive Bounty! where users can earn an extra 0.5 STEEM!
To participate in the Digitex Steem bounty, do the following:
- Only 1 per person!
- Register for Digitex Early Access.
- Through their program, join Telegram!
- Send
a memo containing ONLY your telegram user name.
That's all. Tons of works for 0.50Steem right? Start doing it buddy as it's only a matter of time and you'll get extra 0.50 Steem for that.
Join the Digitex Steem Bounty here
About The DGTX Token (Source)
DGTX is the native currency of the Digitex Futures Exchange in which all account balances and trading profits and losses are denominated.
The DGTX token was created for the upcoming Digitex Futures Exchange Platform, during our ICO, DGTX sold out in 17 minutes raising $5.2m. The platform will be the first exchange on which traders will be able to make short-term speculation on the price of Bitcoin, Ether, and Litecoin, and not have to pay commission on the transaction fees. This will allow traders to make rapid, small-profit trades, something that is not possible in today’s market.
The DGTX Token is a protocol token that has real world utility and value. Its value derives directly from its utility as a vehicle for the commission-free trading of liquid futures contracts on the price of Bitcoin, Ethereum and Litecoin against the US Dollar. As more traders are attracted to the commission-free markets of the Digitex Futures Exchange, demand for DGTX tokens will increase. Increasing demand for DGTX tokens from traders who are attracted to commission-free futures markets will outweigh the inflationary cost of minting a small number of new tokens each year.
DGTX Token Supply and Distribution (Source)
The total supply of DGTX is 1,000,000,000 (one billion) DGTX tokens which is distributed as follows:
Digitex 2018 Time Line (Source)
Meet the Awesome Team of Digitex (Source)
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
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 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.
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 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 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.
And an 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.
Some good sides of DIGITEX Futures Exchange (Source)
- Zero Trading Fees
- One Click Trading Interface
- Digitex Native Cryptocurrency
- Large Tick Sizes
- Decentralized Governance By Blockchain
- Bitcoin, Ethereum & Litecoin Futures
- Advanced Technology
- Complete Privacy
- Decentralized Account Balances
- Highly Liquid Futures Markets
- Token Issuance Revenue Model
- Automated Market Makers
- Off-Chain Negotiation & On-Chain Settlement
- High Leverage Futures Trading
- Blockchain Driven
- No Auto Deleveraging
More Information & Resources of Digitex:
- Digitex Website
- Digitex WhitePaper
- Digitex Blog
- Digitex Telegram
- Digitex Reddit
- Digitex Facebook
- Digitex Twitter
- Digitex YouTube
- Blog-Page
At last; I wanna say something about my research on this project and about the contest of 
In the contest there were some rules where one rule caught my eye which is...
- At least 70% of the submission must be original.
I needed to write about this project from the help of their official website and got some help from the post of
All I need to say is that, I'm not anyhow connected to this project so all the words that I've showed in this post.. somehow collected from some resources.
And this is my first entry to the contest of
I hope; my post will qualify for the contest
Contest Link (1250 STEEM ~ Sponsored Writing Contest: Digitex)
Link to my tweet
digitextwitter
digitex2018