Source: Digitex WhitePaper, Page 1
INTRODUCTION
Whether in cryptocurrencies, gold, oil, virtual money, cash, the markets of the future are a very useful tool to facilitate the trade of prices by reducing costs and avoiding friction between them.
But despite the fact that costs are still much lower, transactions remain significantly high with respect to transaction volume, and the benefit of low futures trading strategy remains on the sidelines. All of them act as a huge brake on the potential liquidity of the futures markets by converting these same profitable strategies even into the loss after the commissions.
These transaction rates are eliminated in Digitex by creating an ETH-based token called DGTX token that can serve as the main currency of this exchange. All losses, profits, margin and account balances are denominated in this same currency (DGTX), which may mean that traders must have these same chips to be part of the market, without any hope of a commission in Digitex. This creates the demand for these chips owned by the same merchants, allows the exchange to replace the generation of income from the transaction fees through the sale and creation of a small group of tokens that DGTX moves each year.
New token issuance is done democratically by all token owners using DGTX. Decentralized governance by Blockchain. They collectively decide the number of new tokens to issue and when, in order to cover the operational costs of executing the change. The maintenance of the futures exchange is in the best interest of all DGTX token owners since the exchange creates a demand for the DGTX token and gives the witness of its usefulness and value.
Source: Digitex Blog
PROTOCOL (TOKEN DGTX)
In the stock market of the new cryptocurrencies Digitex is the new protocol witness with its currency DGTX. To sell and buy these contracts in a dealer's stock market, you must have enough DGTX margin equilibrium to cover the range of potential losses because the value signal of each contract is 1 DGTX card, which means that both losses as the profits are going to give value to the DGTX card. As operations increase, liquidity will increase with the DGTX demand of said traders in the market.
Source: Digitex Blog
DGTX TOKEN
- DGTX is the protocol signal that is the native currency of the Digitex Futures Exchange.
- The value of each Digitex tick is 1 DGTX card.
- The margin requirements in eachDigitex are paid by DGTX tokens because the gains and losses are denominated in DGTX tokens.
- balances of the accounts in the Digitex Futures Exchange, which was carried out through a contract
- Smart independent, they are denominated in DGTX cards.
- It is the creation of new DGTX cards after approximately 2 years that allows the exchange to operate without the need to charge transaction fees.
- The symbolic DGTX Venta / Coin of first issue (ICO) creates an initial supply of one billion DGTX (one billion DGTX tokens).
- There is no creation of new DGTX cards during the first 2 years after the launch of the Digitex Futures Exchange.
- Approximately 2 years after its launch, the Digitex Future Exchange begins to create new DGTX tokens to cover the operating costs of the Digitex Future Exchange.
- New token issuance causes inflation, but also creates a high demand for DGTX tokens by subsidizing the futures markets without commissions that attract a large number of traders who have to buy the DGTX to participate.
- DGTX is an ETH base, ERC-223 token that will be the free exchange of Bitcoin, ether and many other cryptocurrencies on the Digitex platform by integrating with hopeless, decentralized token commercial protocols like swap.tech, 0xproject.com and bancor .com.
- Operators can eliminate DGTX price risk from their operations with the DGTX Peg System.
Source: Digitex Blog
DGTX TOKEN SUPPLY AND DISTRIBUTION
During our start and our initial sale, more than one billion DGTX chips will be available for purchase. On the other hand, 65% will be for sale to the public, 20% goes directly to Digitex and its market trainers, 10% goes to the Digitex work team and its advisors and the remaining 5% goes to referrals . Of the 10% that are destined for the team and advisors, 100% will be in a 3 year plan for an acquisition plan, therefore, after the first auction, only 90% of said currency will be in circulation.
1000M total DGTX Supply
- 650M DGTX (65%) DGTX Symbolic Sale
- 200M DGTX (20%) Digitex Market Makers
- 100M DGTX (10%) of the equipment (current and future)
- 50M DGTX (5%) Referrals
PURCHASE AND SALE OF DGTX TOKENS
A highly liquid DGTX chip market is paramount for Digitex to succeed in the future. The purchase and sale of these chips should be free, easy, frictionless and most important as quickly as possible. The operators behind all this must be able to instantly convert a wide range of cryptos into DGTX and again with little or no diffusion at zero commission rate. Many people (Operators) will be happy and delighted to buy and keep these chips in the long term, but many other people (traders) will only buy it when necessary and then take their profitability to BTC or ETH when the market closes its position.
Digitex will also play an active role in the market creation of the Peg DGTX futures markets, ensuring that traders wishing to eliminate DGTX price risk while holding futures positions can do so easily with reduced spreads, no commissions and with little or no glide.
MAIN FEATURES AND BENEFITS
• Zero operating fees
• Decentralized account balances
• The highly liquid futures markets
• Automated Market Makers
• Digitex Native currency
• Emergency issuance Revenue model
• Bitcoin, ETH and LTC Futures
• One click staircase trading interface
• Large sizes Tick
• High leverage
• Without Auto deleveraging
• Match 12. Sub-Millisecond Request
• Out of the Discovery Price chain, on-string settlement
• Government decentralized by Blockchain
• Complete privacy
• Blockchain Driven
ZERO OPERATING COMMISSIONS
There are no transaction fees of any kind on the Digitex Future Exchange. Operators can place orders or Maker Taker orders at any time in any circumstance and pay 0% commissions on all routes forever. Digitex revolutionary token issuance model makes commission-free trading fully sustainable indefinitely, and that actually develops as the exchange fills more, to ensure the long-term success of the Digitex Future Exchange.
BALANCES OF DECENTRALIZED ACCOUNTS
Merchants do not have to trust Digitex with holding their account balance in order to trade in the stock market. The balance of your account is carried out through a decentralized intelligent contract, independent of the Etereum blockchain, not by the change. Digitex can not freeze / mismanage / lose your funds, since physically we do not have access to your money. And in the unlikely event that Digitex is hacked there are no funds for hackers to steal.
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More Information & Resources:
- Digitex Website
- Digitex WhitePaper
- Digitex Blog
- Digitex Telegram
- Digitex Reddit
- Digitex Facebook
- Digitex Twitter
- Digitex YouTube
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