Digitex Futures is an a futures exchange platform that does not charge any fees or take any commissions for trades. The platform uses its own currency called DGTX and mints a few new tokens every year to cover the costs of transactions on its platform.
Since the platform offers commission-less trades, it attracts a large number of trades to its platform. Traders must buy DGTX tokens to participate in trading raising the demand for the tokens. It is this demand that spikes the price of theShow more [+] kens upwards and offsets the possible inflation that would come with minting new tokens. The platform thus mints fewer new tokens. All accounts balances are secured on Ethereum's smart contracts which are decentralized and independent.
Unlike many other exchanges, this platform does not require traders to entrust it with their funds. Traders have full control of their money. Token holders use decentralized governance by blockchain to issue new tokens needed for revenue generation.
The native currency for Digitex Futures is an erc223 token. It is not premined and has moderate liquidity. It is available in exchanges such as Mercatox and exrates. It is also compatible with Ethereum based coins and tokens wallets. The Initial coin Offering (ICO) for this token ended on February 2018, and raised a total of $7 million. The ICO took a record 17 minutes, where 70% of the one billion DGTX tokens were sold.
Digitex Futures was founded by Adam Todd. Todd is an ex-pit-trader on (LIFFE) London International Financial Futures & Options Exchange. He is also the founder of BetTrader. He is assisted by a team of experts from various fields.