Digitex Futures DGTX

$0.0558
Market Cap $ 40.819 MM (#97)
24h Volume $ 490.025 K
Chg. 24h: -7.76%
Algo. score 3.1/5  (#469)
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Digitex Futures project purpose and description

Digitex Futures clarity of purpose

Digitex Futures purpose and aspects

A commission-free futures exchange that covers operational costs by minting its own native currency, the DGTX token, instead of charging transaction fees on trades. 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. The exchange also replaces centralized account balances with an independent, decentralized smart contract on the Ethereum blockchain that holds all account balances. This hybrid model of a centralized matching engine coupled with decentralized account balances gives traders the speed and reliability of offchain price discovery combined with the trustless security of on-chain account settlement.

Digitex Futures categories

PlatformTrading

Short description

Digitex is a commission-free futures exchange where traders can buy and sell futures contracts on the price of BTC/USD, ETH/USD and LTC/USD with zero transaction fees on any trades. Zero trading fees combined with high leverage and an intuitive one click ladder trading interface allow traders to pursue high volume, ultra short term trading strategies without getting killed by commissions. With its own native currency, called the DGTX token, the exchange covers costs by creating and selling a small number of new DGTX tokens each year instead of charging transaction fees.

Abstract

Digitex is a commission-free futures exchange where traders can buy and sell futures contracts on the price of BTC/USD, ETH/USD and LTC/USD with zero transaction fees on any trades. Zero trading fees combined with high leverage and an intuitive one click ladder trading interface allow traders to pursue high volume, ultra short term trading strategies without getting killed by commissions. With its own native currency, called the DGTX token, the exchange covers costs by creating and selling a small number of new DGTX tokens each year instead of charging transaction fees.

Link to Roadmap: https://digitexfutures.com/
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