If you landed on this page it’s probably because you’re looking for a Digitex ICO Review.
You probably trade cryptocurrency or look for new and exciting ICO’s to invest in.
In the next few minutes you’re going to read about a coin that will revolutionize bitcoin futures trading.
So lets take a look at the Digitex coin shall we?
Digitex Review – Bitcoin Futures Exchange
Before we get into Digitex. You kind of need to know how the Bitcoin Futures markets work.
Futures markets allow traders to buy and sell Bitcoins with only a fraction of the amount you would normally need to buy and sell actual bitcoins.
The problem with bitcoin future exchanges. Making short term profits can be very difficult.
For example if a trader buys one bitcoin at $10,000. Then turn it around and sell it at $10,001 dollars. You make $1 dollar profit on that trade. But you’re charged -$30 dollars for that transaction. So you’re down $29 dollars.
Basically your profit was eaten. So Digitex is solving a problem in the market. That is exactly what I look for when investing in ICO’s or coins.
What exactly is the coin trying to do. Who’s involved. Another coin that really stuck out for people was the ETN with their mobile mining. It made sense to people and it is now an up and coming coin on the exchanges.
The second problem with bitcoin futures exchange is traders accounts are centralized. So you must trust the exchange with your money.
When you do this it’s always at risk of:
- Being stolen by hackers
- Frozen by authorities
- Held by the exchange
Digitex can solve these problems. First off Digitex is a commission free futures exchange. There are absolutely no transaction fees of any kind. So trade as much as you want with zero fees!
Digitex – How It Works
Traders can actually make money without the greedy exchange eating their profit with transaction fees.
On the exchange a trader can buy at $10,000 dollars and sell at $10,001 dollars and actually make a profit.
Do you think this sounds to good to be true?
It’s actually quite simple. Let me explain how this works.
By creating it’s own native cryptocurrency. The platform eliminates transaction fees by minting new tokens.
What this means in simpler terms. They found a way to cover the normal costs of running an exchange.
So traders won’t be punished with transaction fees!
You will be able to say GOODBYE to commission fees.
Digitex – Smart Contracts
But that’s not all. Unlike other exchanges Digitex does not actually hold your money. Instead traders account balances are held by a decentralized smart contract on the Ethereum blockchain.
All this means even if Digitex gets hacked. Your money is ALWAYS safe.
Also in case you are wondering. Digitex is a non profit exchange. It is governed democratically by its traders through blockchain.
As a decentralized autonomous organization. Digitex has no stakeholders or regulators. It does not excist by extracting value from their traders.
In short this is providing a free futures exchange that traders can make a profit and not get hammered with fees!
Digitex DGTX Token Sale
Digitex – My Conclusion
There isn’t much to say here other than I really like this coin. They have a great team behind the coin. It’s solving a big problem getting rid of those transaction fees. So Far I’m going to give Digitex a big thumbs up! Thanks for stopping by to read my review don’t forget to subscribe.
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