Digitex Futures

A commission-free futures exchange with its own native cryptocurrency, the DGTX token

Digitex Futures

Using blockchain technology to eliminate transaction fees, decentralize account balances and govern itself autonomously.

Traders speculate on the price of Bitcoin against the US dollar, but their trading profits and losses are paid out in DGTX tokens. This means that traders need DGTX tokens to enter a trade, and this creates demand for DGTX tokens from traders.

Digitex covers the cost of running the exchange by creating a small number of new tokens each year instead of charging transaction fees on trades. Commission-free futures markets on a stable, fast and secure trading platform will attract large numbers of traders who must buy DGTX tokens to participate, creating increased demand for DGTX tokens that offsets the small inflationary cost of creating new tokens.

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About the DIGITEX Futures Exchange

Zero Trading Fees

By using its own native cryptocurrency, called the DGTX token, the exchange covers costs by minting new tokens instead of charging transaction fees on trades.

Decentralized Accounts

All account balances are held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange.

Decentralized Governance

Traders on Digitex use Decentralized Governance by Blockchain to determine how many new DGTX tokens to issue and when.

Zero Trading Fees

There are no transaction fees of any kind on the Digitex Futures Exchange. Traders can submit Maker orders or Taker orders at any time under any circumstances and pay 0% commissions on all trades forever. Digitex’s revolutionary token issuance model makes commission-free trading fully sustainable indefinitely, and it actually thrives as the exchange gets busier, ensuring the long term success of the Digitex Futures Exchange.

One Click Trading Interface

Digitex futures markets are displayed on an intuitive ladder interface that allows traders to submit buy and sell orders instantly with a single click. With minimal mouse movement and without needing the keyboard, traders never need to take their eyes from the price action. Bids and offers move up and down a central price ladder that allows traders to visualize the market as the price literally moves up and down.

Digitex Native Cryptocurrency

The Digitex Futures Exchange has its own native cryptocurrency, called the DGTX token. The tick value of each Digitex futures market is 1 DGTX token, meaning that all trading profits and losses are denominated in DGTX tokens. Margin requirements are payable in DGTX tokens and traders account balances, deposits and withdrawals are denominated in DGTX tokens. Therefore, traders must own DGTX tokens to trade on Digitex’s commission-free, trustless futures markets, which creates demand for the DGTX token.

Large Tick Sizes

A distinctive feature of Digitex futures markets are their large tick size. In futures trading, a tick is the minimum price increment that a futures contract can move up or down. For example, the tick size on the BTC/USD futures contract is $5. This removes noise and allows volatile futures contracts to be displayed on a scalper-friendly one click ladder trading interface without the price constantly disappearing off the top of the page and off the bottom of the page.

Decentralized Governance By Blockchain

Digitex uses blockchain technology to eliminate transaction fees by minting a small number of new DGTX tokens each year. This token issuance revenue model is governed democratically by its traders, for the benefit of its traders, through Decentralized Governance by Blockchain. This means that all DGTX token owners collectively decide on when, if and how many new tokens are issued to cover the costs of operating the futures exchange.

Bitcoin, Ethereum & Litecoin Futures

Digitex has 3 futures markets: BTC/USD, ETH/USD & LTC/USD. Each futures contract has a large tick size, which eliminates a lot of noise and allows prices to be displayed on a one click ladder style trading interface, even in volatile market conditions. Tick values of futures contracts are denominated in DGTX tokens, meaning that all profits and losses are settled in DGTX tokens.

Advanced Technology

Digitex is built on the Erlang/OTP stack, the same programming language as WhatsApp, which was chosen for its real time updating capabilities and its ability to seamlessly handle spikes in activity with extremely low latency. The trading interface updates prices in real time and is completely web browser based with nothing to download. The Digitex order matching engine matches trades in less than one millisecond. The exchange is highly scalable to millions of concurrent users if needed.

Complete Privacy

Traders on Digitex can start trading immediately without needing to submit their name or any identifying documents of any kind. As an offshore exchange that accepts only DGTX tokens, Digitex is not bound by intrusive, ineffective and pointless KYC/AML regulations that intrude on our users privacy and which put them at risk of identity theft by making the exchange a target for hackers seeking personal information. The best way to protect our users personal data is not to collect that data in the first place.

Decentralized Account Balances

Traders do not need to trust Digitex with holding their account balance in order to trade on the exchange. Your account balance is held by a decentralized, independent smart contract on the Ethereum blockchain, not by the exchange. Digitex cannot freeze/mismanage/lose your funds because we physically don’t have access to your money. And in the unlikely event that Digitex is hacked there are no funds for the hackers to steal.

Highly Liquid Futures Markets

When you remove the constraints of transaction fees you get highly liquid markets because traders engage in high volume, single tick trading strategies that are not viable on other exchanges due to commissions. Liquidity is further enhanced by the presence of automated market makers, funded with 20% of the total supply of DGTX tokens, that are programmed to break even whilst keeping spreads tight at all times, even in volatile market conditions.

Token Issuance Revenue Model

The Digitex Futures Exchange is revolutionizing futures trading by eliminating transaction fees on trades and instead generating revenue through token issuance of its native currency, the DGTX token. Because the DGTX tokens is in demand from traders, the exchange is able to create and sell a small number of new DGTX tokens each year to cover costs. The inflationary cost of a small increase in the DGTX supply is offset by demand from traders who must own it to participate in Digitex’s commission-free, trustless futures markets.

Automated Market Makers

Digitex market makers are automated trading algorithms that are programmed to break even. With their highly active trading strategy and a large trading bank of 20% of all tokens in circulation (200M DGTX), they help create liquid futures markets that have tight bid and offer spreads, even in volatile market conditions, giving traders the confidence of always being able to enter and exit positions which further enhances liquidity.

Off-Chain Negotiation & On-Chain Settlement

Digitex is a hybrid futures exchange that combines the speed and reliability of a centralized order matching engine with the trustless security of decentralized account balances on the blockchain. This offers traders the best of both worlds when it comes to speed of execution and the safety of their deposits. Traders enjoy the benefits of real time trading on a blazing fast order matching engine without needing to trust the exchange with their money.

High Leverage Futures Trading

Digitex futures markets offer traders very high leverage of up to 100x, allowing them to realise large percentage gains (and losses) from relatively small price movements. But unlike other Bitcoin futures exchanges, Digitex does not cancel your winning trade to protect itself from losses if your counterparty’s losing position gets stopped out because he was too highly leveraged.

Blockchain Driven

Digitex is driven by blockchain technology. From the use of its own cryptocurrency to eliminate transaction fees, to storing account balances trustlessly in a decentralized smart contract, and allowing its traders to determine the rate of new token issuance, everything that makes Digitex revolutionary is only made possible by embracing the disruptive power of new blockchain technology that until very recently didn’t even exist.

No Auto Deleveraging

Unlike other Bitcoin futures exchanges that offer high leverage, Digitex will not close you out of a winning position to protect itself from losses when your counterparty’s losing trade is stopped out because he was too highly leveraged. It’s out of your control whether the counterparty to your trade is at maximum leverage or not and you shouldn’t miss out on a profitable move that you correctly predicted because the exchange canceled your winning trade.

Watch the DIGITEX Futures Exchange in action

The Digitex Futures Exchange offers futures markets on Bitcoin, Ethereum and Litecoin against the US dollar. Traders submit buy and sell orders instantly with a single click on an intuitive ladder trading interface that displays live bids and offers moving up and down on a central price column. Large tick sizes eliminate noise and make short term scalping viable, creating highly liquid markets with zero trading fees.

About The DGTX Token

DGTX is the native currency of the Digitex Futures Exchange in which all account balances and trading profits and losses are denominated.

ICO

The DGTX token was created for the upcoming Digitex Futures Exchange Platform, during our ICO, DGTX sold out in 17 minutes raising $5.2m. The platform will be the first exchange on which traders will be able to make short-term speculation on the price of Bitcoin, Ether, and Litecoin, and not have to pay commission on the transaction fees. This will allow traders to make rapid, small-profit trades, something that is not possible in today’s market.

In Demand From Traders

Traders must own DGTX tokens to participate in Digitex's commission-free futures markets, creating demand for the token.

Utility Token

The DGTX token has real utility and value as an essential component of Digitex's revolutionary new futures exchange model.

Right Place, Right Time

The DGTX token is the perfect play for capitalizing on the exponential increase in Bitcoin futures trading interest coming in 2018.

The DGTX Token is a protocol token that has real world utility and value. Its value derives directly from its utility as a vehicle for the commission-free trading of liquid futures contracts on the price of Bitcoin, Ethereum and Litecoin against the US Dollar. As more traders are attracted to the commission-free markets of the Digitex Futures Exchange, demand for DGTX tokens will increase. 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.

DGTX Token Supply and Distribution

The total supply of DGTX is 1,000,000,000 (one billion) DGTX tokens which is distributed as follows:

70%

DGTX Token Sale - 700M DGTX

700,000,000 (700M) DGTX tokens were sold to the public at $0.01 per token in the DGTX ICO on January 15th. All available DGTX tokens sold out in only 17 minutes, raising a total of $5.4m from 2,530 buyers.

20%

Digitex Market Makers: 200M DGTX

Digitex market makers are automated trading robots programmed to break even. They will use their large trading bank of 200m DGTX tokens to maintain highly liquid markets with tight bid and offer spreads, even in volatile market conditions.

10%

Team (current and future): 100M

The team's 100m DGTX tokens are locked into a 3 year vesting schedule, ensuring the team has strong incentives to create a stable, self perpetuating business model that provides ongoing and consistent demand for DGTX.

Digitex 2018 Time Line

Digitex (DGTX) Token Sale
Ongoing Digitex Exchange Development

Q1
Ongoing Digitex Exchange Development
DGTX Tokens Listed on Exchanges

Q2
Completion of Digitex Exchange
Voting & Accounts smart contracts deployed

Q3
Launch of Digitex Futures Exchange

Q4

Meet the Digitex Team

Adam Todd

Founder & CEO

Ex pit-trader on the London International Financial Futures & Options Exchange (LIFFE). Founder of BetTrader, a popular ladder trading interface that's been online for 14 years that connects to the world's biggest betting exchange, Betfair.com. Adam was one of Betfair's most successful sports traders ever, once going 8 months of full time daily trading without a losing day.

The futures trader’s Utopian dream of a commission-free exchange is now a reality.

Meet the whole crew on our Digitex Team Page.

Digitex Team

Commission-Free Bitcoin Futures Trading

Digitex Futures

A commission-free futures exchange with its own native cryptocurrency, the DGTX token

Digitex Futures

Using blockchain technology to eliminate transaction fees, decentralize account balances and govern itself autonomously.

Join the Waitlist

Signing up gives you early access when we launch our zero-fees exchange!