THE LONG AWAITED REVOLUTIONARY CRYPTO FUTURES EXCHANGE GOES LIVE!
The long-awaited innovative futures trading platform, Digitex Futures has finally opened its door to the platform’s mainnet today.
Digitex is a commission-free futures exchange that allows traders to buy and sell futures contracts of cryptocurrencies, commodities, indices, and stocks with zero transaction fees and up to 100x leverage while making use of its native token “DGTX”.
As promised, the first 20 traders chosen from some of the project’s most loyal supporters have been onboarded. However, this is just the first phase. This set of traders will test the exchange and give feedback on any bugs or glitches before the next set of 200 traders are onboarded in the coming weeks.
Currently, only leverage of 10x is allowed and will be raised once everything is confirmed to be working fine.
It’s been a bumpy ride for the project since their ICO in January 2018 where the company raised $5.2 million just at the peak of the crypto frenzy. One thing is undeniable though– the project has doggedly outlived other blockchain start-ups that surfaced in the last 2 years. The tenacity of project founder, Adam Todd cannot be neglected, alongside the team and expert developers “Smartdec” who came to the rescue after 2 failed launch attempts in the last 2 years.
Digitex has become the first futures trading exchange in the world where traders can enjoy scalping the least price movements without having to pay a dime in fees. The funding of the exchange will be done through a periodic sale of tokens, and minting of new tokens once the allocated tokens are sold out. This happens to bring small inflation that Adam believes will be swallowed up by the demand for the DGTX token.
Another feature that makes the exchange unique is its intuitive one-click ladder trading interface that allows traders to pursue a high volume scalping strategy without getting ripped by transaction fees.
For the first time in the history of the industry, users will be able to trade cryptocurrency futures as well as traditional futures on zero-fees using the DGTX native token.
It will be interesting to see how futures traders will react to this stunning innovative solution that Digitex brings to the market in the coming months. This will, however, depend on how successful and efficient the exchange runs.
Once the necessary things are gotten right, the soaring price of the DGTX token is almost a no-brainer, considering it is pure utility.