Launch

Liquidation Refunds and Final Reminder for Launch Day

Digitex Futures
• Adam Todd
July 30, 2020

Please note that the information in this post has now been superseded by the information in a later blog post from Monday August 3.

At Digitex, we’re always looking for ways to make sure our users have the very best trading experience possible, and to ensure we stand apart from the competition. Recently, Adam has been looking at our liquidation model and whether or not it can be improved. Here, he explains that we’re looking to make some changes to the Liquidation system, and the rationale behind them. 

The current liquidation system used on the DFE is an exact copy of the system used by other cryptocurrency futures exchanges. The system is designed to penalize the trader for having taken their losing position to the Liquidation price. When a trader’s losing position hits his Liquidation price he is stopped out at the worse Bankruptcy price and the system gain made by doing this is added to the Insurance Fund.

This mechanism is deemed necessary in order to keep the Insurance Fund topped up for when very volatile conditions cause the exchange to lose money as a result of liquidating highly leveraged traders who cannot cover their losses. All the major cryptocurrency futures exchanges use some variation of this system and we built the DFE to mirror current accepted practices.

But it’s very unfair to the trader who gets stopped out because his loss is bigger than it should be. At Digitex we already have a large Insurance Fund that’s fit for purpose. We’re not interested in unthinkingly copying the practices of competitor exchanges, especially when it means penalizing traders and taking their money unfairly. 

In the last week, due to volatility in the price of Bitcoin, our system gains from liquidations amounted to 2 million DGTX. While this is good news for the Insurance Fund, it’s bad news for the traders whose losses were bigger than they should have been.

Digitex Takes a Fresh Approach

With this in mind, we have decided to refund all the system gains that we have made from traders who were liquidated whilst we figure out a better system for liquidation. 

For the foreseeable future, we will continue to refund all system gains made whilst we figure out a better way. After all, we successfully figured out how to completely eliminate all trading fees and create a fairer trading environment. Continuing this ethos means we’re now focusing on how to eliminate the inequalities in our liquidation system. 

Put simply, copying any system that BitMex has designed is never a good idea if you have the best interests of traders at heart. The Digitex Futures exchange is a new kind of exchange that exists to enrich and empower its traders. That means completely removing any and all mechanical edges that might be working against them, even if we have to go back to the drawing board and design our own unique system from scratch.

If you have had a losing position that was forcibly liquidated by our system we will automatically refund whatever system gain we made on that liquidation back to your main wallet. We are currently working out exactly who to refund and how much, so you can expect to receive your refund by the end of next week. This applies for all trades since you joined the DFE mainnet. 

Until further notice, we will refund all system gains at the end of each day until we have developed a new system that eliminates the possibility of system gains being collected in the first place. 

You can consider it just one more way that Digitex stands apart from the competition by being the only exchange on the market that has its interests aligned with those of its users. 

Final Reminder to Sign Up for Tomorrow

If you haven’t set a reminder already, then I would urge you to make sure you’re online tomorrow for our big Launch Day Trading Event on YouTube. The Digitex team has been working really hard to make sure it’s going to be a day to remember, with a schedule packed full of some huge crypto influencers and pro traders. 

With a massive $250,000 worth of DGTX to give away, we’re making it so difficult for you guys to lose money. So don’t miss it – get on over to YouTube and make sure you’re online on the DFE and trading with at least 1000 DGTX in your wallet and you’ll be in with a chance of walking away with some free DGTX. See you then! 

July 30, 2020
Digitex Futures

Liquidation Refunds and Final Reminder for Launch Day

Adam Todd
Launch

Please note that the information in this post has now been superseded by the information in a later blog post from Monday August 3.

At Digitex, we’re always looking for ways to make sure our users have the very best trading experience possible, and to ensure we stand apart from the competition. Recently, Adam has been looking at our liquidation model and whether or not it can be improved. Here, he explains that we’re looking to make some changes to the Liquidation system, and the rationale behind them. 

The current liquidation system used on the DFE is an exact copy of the system used by other cryptocurrency futures exchanges. The system is designed to penalize the trader for having taken their losing position to the Liquidation price. When a trader’s losing position hits his Liquidation price he is stopped out at the worse Bankruptcy price and the system gain made by doing this is added to the Insurance Fund.

This mechanism is deemed necessary in order to keep the Insurance Fund topped up for when very volatile conditions cause the exchange to lose money as a result of liquidating highly leveraged traders who cannot cover their losses. All the major cryptocurrency futures exchanges use some variation of this system and we built the DFE to mirror current accepted practices.

But it’s very unfair to the trader who gets stopped out because his loss is bigger than it should be. At Digitex we already have a large Insurance Fund that’s fit for purpose. We’re not interested in unthinkingly copying the practices of competitor exchanges, especially when it means penalizing traders and taking their money unfairly. 

In the last week, due to volatility in the price of Bitcoin, our system gains from liquidations amounted to 2 million DGTX. While this is good news for the Insurance Fund, it’s bad news for the traders whose losses were bigger than they should have been.

Digitex Takes a Fresh Approach

With this in mind, we have decided to refund all the system gains that we have made from traders who were liquidated whilst we figure out a better system for liquidation. 

For the foreseeable future, we will continue to refund all system gains made whilst we figure out a better way. After all, we successfully figured out how to completely eliminate all trading fees and create a fairer trading environment. Continuing this ethos means we’re now focusing on how to eliminate the inequalities in our liquidation system. 

Put simply, copying any system that BitMex has designed is never a good idea if you have the best interests of traders at heart. The Digitex Futures exchange is a new kind of exchange that exists to enrich and empower its traders. That means completely removing any and all mechanical edges that might be working against them, even if we have to go back to the drawing board and design our own unique system from scratch.

If you have had a losing position that was forcibly liquidated by our system we will automatically refund whatever system gain we made on that liquidation back to your main wallet. We are currently working out exactly who to refund and how much, so you can expect to receive your refund by the end of next week. This applies for all trades since you joined the DFE mainnet. 

Until further notice, we will refund all system gains at the end of each day until we have developed a new system that eliminates the possibility of system gains being collected in the first place. 

You can consider it just one more way that Digitex stands apart from the competition by being the only exchange on the market that has its interests aligned with those of its users. 

Final Reminder to Sign Up for Tomorrow

If you haven’t set a reminder already, then I would urge you to make sure you’re online tomorrow for our big Launch Day Trading Event on YouTube. The Digitex team has been working really hard to make sure it’s going to be a day to remember, with a schedule packed full of some huge crypto influencers and pro traders. 

With a massive $250,000 worth of DGTX to give away, we’re making it so difficult for you guys to lose money. So don’t miss it – get on over to YouTube and make sure you’re online on the DFE and trading with at least 1000 DGTX in your wallet and you’ll be in with a chance of walking away with some free DGTX. See you then! 

Latest News

traders

The Digitex Mission: To Create More Winning Traders

Digitex Futures
Trading
• Adam Todd
April 8, 2020

Everybody likes to win. Winning makes you feel good. When you feel good you think positively about yourself and your environment and it has a domino effect on other aspects of your life. As a short term scalper on the futures markets and on Betfair’s horse racing markets, I would have winning streaks that lasted weeks and sometimes months without having a losing day. 

The positive psychological and physiological effects of constantly winning cannot be overemphasized. Apart from enjoying good health and feeling genuinely happy most of the time, a positive mental attitude attracts good things into your life in a way that can’t be fully explained logically. Feeling and acting like a winner will change your life and will positively affect everyone around you. 

This is why it’s so personally satisfying for me to be developing a trading platform whose primary mission is to create more winning traders, with no interest in making money from charging commissions on trades. I’ve been lucky enough to experience having a winning mentality for years and the thought of bringing that to millions of people is tremendously exciting. 

But how can the Digitex Futures exchange survive with such a cum-by-yar, happy-clappy philosophy of wanting to make its traders happy? Shouldn’t a futures exchange be run by a bunch of bean-counting suits that want to squeeze every ounce of value out of every last trader for the benefit of the exchange’s stakeholders?

Well, if an exchange needs to make money from charging commissions on trades then yes it probably should be run by bean-counting suits. But Digitex is different. Digitex makes its money by increasing the value of its native currency, the DGTX token. 

Do you want to try your hand at commission-free bitcoin futures trading? Sign up for an account on the beta right now. With the mainnet coming up in April, you can practice your trading skills, get a feel for our one-click trading ladder and start preparing to win

SIGN UP
Winning Traders Are the Best Form of Marketing

Creating winning, winning traders is absolutely the best way to run our business, because winning traders are the very best form of marketing for the Digitex Futures exchange, and that will directly translate to increased demand for DGTX tokens. 

The average winning trader probably has 50 or more people in their life, both family and friends, who are aware of their trading success and will try to emulate it. Winning traders will create very strong viral marketing loops because a winning trader encapsulates everything that most people dream of. 

The winning trader enjoys financial success coupled with complete freedom. He or she works for nobody, operating outside the boundaries of normal society, with no clients, producing no products and without providing any service to anyone.

They can work whatever hours they want to, from wherever they want in the world. A winning trader is like a predator with the ability to live off its wits in a world where the vast majority of people are struggling to survive.

I think that a futures exchange whose mission is to create as many winning traders as possible has the potential to be absolutely massive. 

Because winning traders will be happy. They will feel good. Their lives and the lives of their families will improve. There will be a large number of people who have a genuinely strong affection for the Digitex Futures exchange and its native currency, the DGTX token. 

How Will Digitex Create More Winning Traders?

By eliminating transaction fees on trades, the exchange won’t constantly be siphoning off liquidity from the pool of money that is deposited into the exchange by its traders. That money is allowed to churn around the markets, constantly being won and lost amongst traders without the insidious leakage that occurs on every other exchange in the form of commissions. Eventually, that money will be won by the better traders, not taken by the exchange. 

Also, system gains that are made from the exchange’s liquidation engine are not kept forever by the exchange in an ever-growing insurance fund. Instead, system gains are redistributed to traders through market maker bots that are programmed to lose. This means traders must compete amongst themselves for these losses, further increasing liquidity and demand for DGTX tokens, but as a collective group, those traders will be rewarded with however much the market maker bots lose.

Not only has Digitex removed the mechanical edge of commissions that exists on every other exchange, but through loss-making market makers, there is actually going to be a mechanical edge working in the disciplined traders’ favor. Both of these advantages will be more efficiently capitalized on by short term, active traders whose trading strategies will create highly liquid futures markets.

Of course, this doesn’t mean that everyone on the Digitex Futures exchange will make money. Trading is still a zero-sum game, but there will be a much higher percentage of winning traders than exists on other fee-charging exchanges who don’t redistribute system gains through market maker losses. I would guess that probably 20% of traders on the Digitex Futures exchange will be profitable and they will take their profits from the other 80% of traders. 

If we have a million traders on our exchange, that means there could be over 200,000 people around the world who can positively change their lives with financial freedom and a winning mentality that positively affects everyone around them. There are millions of people in this world for whom making just $50 a day from their computer is a life-changing amount of money.

And I’m so excited and grateful to have the chance to create a product that can potentially affect the lives of so many people in such a profound and meaningful way. Thank you all for your continual support! Cheers!

You don’t need real DGTX tokens for trading on the testnet, but if you want to stock up on DGTX at a knock-down price right now amid market conditions, there’s never been a better time. Hop on over to the Treasury now and enjoy a seamless, frictionless transaction with zero fees and zero KYC.

BUY DGTX
April 8, 2020
Digitex Futures
Trading

The Digitex Mission: To Create More Winning Traders

Adam Todd
traders

Everybody likes to win. Winning makes you feel good. When you feel good you think positively about yourself and your environment and it has a domino effect on other aspects of your life. As a short term scalper on the futures markets and on Betfair’s horse racing markets, I would have winning streaks that lasted weeks and sometimes months without having a losing day. 

The positive psychological and physiological effects of constantly winning cannot be overemphasized. Apart from enjoying good health and feeling genuinely happy most of the time, a positive mental attitude attracts good things into your life in a way that can’t be fully explained logically. Feeling and acting like a winner will change your life and will positively affect everyone around you. 

This is why it’s so personally satisfying for me to be developing a trading platform whose primary mission is to create more winning traders, with no interest in making money from charging commissions on trades. I’ve been lucky enough to experience having a winning mentality for years and the thought of bringing that to millions of people is tremendously exciting. 

But how can the Digitex Futures exchange survive with such a cum-by-yar, happy-clappy philosophy of wanting to make its traders happy? Shouldn’t a futures exchange be run by a bunch of bean-counting suits that want to squeeze every ounce of value out of every last trader for the benefit of the exchange’s stakeholders?

Well, if an exchange needs to make money from charging commissions on trades then yes it probably should be run by bean-counting suits. But Digitex is different. Digitex makes its money by increasing the value of its native currency, the DGTX token. 

Do you want to try your hand at commission-free bitcoin futures trading? Sign up for an account on the beta right now. With the mainnet coming up in April, you can practice your trading skills, get a feel for our one-click trading ladder and start preparing to win

SIGN UP
Winning Traders Are the Best Form of Marketing

Creating winning, winning traders is absolutely the best way to run our business, because winning traders are the very best form of marketing for the Digitex Futures exchange, and that will directly translate to increased demand for DGTX tokens. 

The average winning trader probably has 50 or more people in their life, both family and friends, who are aware of their trading success and will try to emulate it. Winning traders will create very strong viral marketing loops because a winning trader encapsulates everything that most people dream of. 

The winning trader enjoys financial success coupled with complete freedom. He or she works for nobody, operating outside the boundaries of normal society, with no clients, producing no products and without providing any service to anyone.

They can work whatever hours they want to, from wherever they want in the world. A winning trader is like a predator with the ability to live off its wits in a world where the vast majority of people are struggling to survive.

I think that a futures exchange whose mission is to create as many winning traders as possible has the potential to be absolutely massive. 

Because winning traders will be happy. They will feel good. Their lives and the lives of their families will improve. There will be a large number of people who have a genuinely strong affection for the Digitex Futures exchange and its native currency, the DGTX token. 

How Will Digitex Create More Winning Traders?

By eliminating transaction fees on trades, the exchange won’t constantly be siphoning off liquidity from the pool of money that is deposited into the exchange by its traders. That money is allowed to churn around the markets, constantly being won and lost amongst traders without the insidious leakage that occurs on every other exchange in the form of commissions. Eventually, that money will be won by the better traders, not taken by the exchange. 

Also, system gains that are made from the exchange’s liquidation engine are not kept forever by the exchange in an ever-growing insurance fund. Instead, system gains are redistributed to traders through market maker bots that are programmed to lose. This means traders must compete amongst themselves for these losses, further increasing liquidity and demand for DGTX tokens, but as a collective group, those traders will be rewarded with however much the market maker bots lose.

Not only has Digitex removed the mechanical edge of commissions that exists on every other exchange, but through loss-making market makers, there is actually going to be a mechanical edge working in the disciplined traders’ favor. Both of these advantages will be more efficiently capitalized on by short term, active traders whose trading strategies will create highly liquid futures markets.

Of course, this doesn’t mean that everyone on the Digitex Futures exchange will make money. Trading is still a zero-sum game, but there will be a much higher percentage of winning traders than exists on other fee-charging exchanges who don’t redistribute system gains through market maker losses. I would guess that probably 20% of traders on the Digitex Futures exchange will be profitable and they will take their profits from the other 80% of traders. 

If we have a million traders on our exchange, that means there could be over 200,000 people around the world who can positively change their lives with financial freedom and a winning mentality that positively affects everyone around them. There are millions of people in this world for whom making just $50 a day from their computer is a life-changing amount of money.

And I’m so excited and grateful to have the chance to create a product that can potentially affect the lives of so many people in such a profound and meaningful way. Thank you all for your continual support! Cheers!

You don’t need real DGTX tokens for trading on the testnet, but if you want to stock up on DGTX at a knock-down price right now amid market conditions, there’s never been a better time. Hop on over to the Treasury now and enjoy a seamless, frictionless transaction with zero fees and zero KYC.

BUY DGTX

Latest News

digitex

Digitex: A Natural Culmination of My Trading Journey

Crypto Industry
Digitex Futures
• Adam Todd
April 7, 2020

Picture this. It’s the early 1990s in London. A 19-year old rookie is literally thrown into the middle of the Bund futures trading pit. Orders flying around at a dizzying pace. Howls of ridicule and abuse from the merciless pack of 200 traders surrounding him…

Yep, that was me! But starting out like that as an open outcry pit trader gave me a 3D view of the market mechanics and a lasting fascination with the dynamics. Even now that everything is screen-based, I still visualize a futures trading market exactly the same as I always have: a large, baying crowd of aggressive individuals trying to outwit one other and take each other’s money. 

A market is a living, breathing beast with a life of its own that nobody can control. It’s an arena where buy and sell orders fly around, coming from every direction, clashing with each other in apparent chaos. 

For me, coming from this live-action environment means that I know short term trading has almost nothing to do with the fundamentals of the underlying instrument. Rather, successful scalpers have the ability to visualize how that crowd is behaving, in an attempt to predict what they might do in the next few seconds or minutes. Whatever it is that they’re buying and selling is largely irrelevant.

Digitalizing the Pit Experience

When you want to transfer these trading pit dynamics onto a computer screen, it’s imperative that the technology is up to the task. Screen-based traders must be able to submit trades as quickly and easily as shouting “Sold!”, and they must be able to see bids and offers moving in real-time even in the busiest times. 

Fast and reliable technology that works without hiccups or glitches, and that clearly displays exactly what is going on right now, is critical to the success of an exchange. And the large futures exchanges like CME and LIFFE that made the transition from open outcry pit trading to electronic trading did a very good job with the technology. It wasn’t an option – they had to. 

These companies poured millions of dollars into creating highly resilient, robust, lightning-fast systems that were up to the job. As a result, they’ve gone from strength to strength.

The importance of good technology in an electronic trading environment is seared into my brain because I know that a market isn’t just numbers on a screen. The electronic trading pit must offer the same low latency and resilience and speed of execution and speed of communication as a physical crowd of people. Because that’s essentially what it is. Any shortcomings, even in just one of these areas, will have a direct negative effect on liquidity. 

And lack of liquidity is a market-killer. CME knew that, LIFFE knew that, and I know that. 

Winners Never Quit, and Quitters Never Win

It’s with this 3D clarity of purpose that I have approached the development of the Digitex Futures exchange. Our trading platform must be the absolute best that it can be if we want to achieve the level of success that I want and expect. The crypto trading community has shown a massive interest in Digitex and the concept of zero-fee futures trading. I have refused to jeopardize that by releasing a trading platform that is not up to the job. 

I’ve received a lot of criticism for the development delays that we have suffered, and I take full responsibility for that. Mistakes were made in my choice of developers and also in how I managed them. But having made those mistakes I won’t compound them further by accepting what they gave me and releasing a trading platform that doesn’t accurately transfer the dynamics of the trading pit onto your computer screen. 

My only available course of action was to learn from my mistakes. So I carried on and hired the best development team I could find and moved to Moscow to work with them full time. It never crossed my mind to quit. I will continue to execute my vision until I get the exchange I want. 

If We’re Gonna Do This, We’re Gonna Do It Right

The testnet platform that we released on November 30th was the product of my refusal to accept second best. As a trader, you can view real-time price action on an intuitive ladder interface. You have the ability to submit trades instantly, with a single click of the mouse, with no mouse movement or keyboard strokes needed, never taking your eyes from the price action. 

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Bids and offers will literally move up and down the trading ladder, enabling you to get in the zone and visualize what’s happening and what might happen next. All relevant market information will be displayed without needing to scroll and you’ll be able to react instantly to any situation with little to no mouse movement. 

Despite heavy load from thousands of active traders pursuing high-frequency trading strategies that aren’t viable on fee-charging exchanges, the Digitex matching engine will be fast and efficient enough to deal with the resulting liquidity. 

A Rare Beast, Waiting to be Unleashed

Ease of use and a matching engine that works under heavy strain sound so simple, right? Like they should be something we can just take for granted. But if you look at the majority of cryptocurrency exchanges that are out there right now, you can see for yourself how rare this level of quality actually is. 

There are literally hundreds of examples of shit exchanges with ugly, glitchy trading interfaces. Multiple mouse movements and keyboard strokes to do anything even before you execute a trade. Fragile and badly built matching engines that just don’t work properly. 

This lack of quality doesn’t surprise me. I’ve learned firsthand that it’s very difficult to create a fast and robust exchange with an intuitive interface and a matching engine that can withstand the rigors of thousands of active traders. Most companies fail miserably because they rush to bring a product to market. Once it’s live, they only care about making a quick profit from your trading fees. But in so doing they join the ranks of hundreds of other irrelevant and illiquid exchanges.

The Digitex Futures exchange will stand head and shoulders above the rest. Our platform is well designed, easy to use, and will be a highly liquid exchange with a bulletproof matching engine that just works. We’re taking our inspiration from the trading platforms developed by the likes of CME and LIFFE, not the substandard crypto exchanges that dominate the current market. 

The launch of the testnet was only the very beginning and the mainnet coming up on April 27 will be just the next step. Digitex is the natural culmination of my trading journey so far, and there is so much more that I want to do with it over the coming years. 

Thanks for sticking with us so far. I promise it will be worth the wait.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX
April 7, 2020
Crypto Industry
Digitex Futures

Digitex: A Natural Culmination of My Trading Journey

Adam Todd
digitex

Picture this. It’s the early 1990s in London. A 19-year old rookie is literally thrown into the middle of the Bund futures trading pit. Orders flying around at a dizzying pace. Howls of ridicule and abuse from the merciless pack of 200 traders surrounding him…

Yep, that was me! But starting out like that as an open outcry pit trader gave me a 3D view of the market mechanics and a lasting fascination with the dynamics. Even now that everything is screen-based, I still visualize a futures trading market exactly the same as I always have: a large, baying crowd of aggressive individuals trying to outwit one other and take each other’s money. 

A market is a living, breathing beast with a life of its own that nobody can control. It’s an arena where buy and sell orders fly around, coming from every direction, clashing with each other in apparent chaos. 

For me, coming from this live-action environment means that I know short term trading has almost nothing to do with the fundamentals of the underlying instrument. Rather, successful scalpers have the ability to visualize how that crowd is behaving, in an attempt to predict what they might do in the next few seconds or minutes. Whatever it is that they’re buying and selling is largely irrelevant.

Digitalizing the Pit Experience

When you want to transfer these trading pit dynamics onto a computer screen, it’s imperative that the technology is up to the task. Screen-based traders must be able to submit trades as quickly and easily as shouting “Sold!”, and they must be able to see bids and offers moving in real-time even in the busiest times. 

Fast and reliable technology that works without hiccups or glitches, and that clearly displays exactly what is going on right now, is critical to the success of an exchange. And the large futures exchanges like CME and LIFFE that made the transition from open outcry pit trading to electronic trading did a very good job with the technology. It wasn’t an option – they had to. 

These companies poured millions of dollars into creating highly resilient, robust, lightning-fast systems that were up to the job. As a result, they’ve gone from strength to strength.

The importance of good technology in an electronic trading environment is seared into my brain because I know that a market isn’t just numbers on a screen. The electronic trading pit must offer the same low latency and resilience and speed of execution and speed of communication as a physical crowd of people. Because that’s essentially what it is. Any shortcomings, even in just one of these areas, will have a direct negative effect on liquidity. 

And lack of liquidity is a market-killer. CME knew that, LIFFE knew that, and I know that. 

Winners Never Quit, and Quitters Never Win

It’s with this 3D clarity of purpose that I have approached the development of the Digitex Futures exchange. Our trading platform must be the absolute best that it can be if we want to achieve the level of success that I want and expect. The crypto trading community has shown a massive interest in Digitex and the concept of zero-fee futures trading. I have refused to jeopardize that by releasing a trading platform that is not up to the job. 

I’ve received a lot of criticism for the development delays that we have suffered, and I take full responsibility for that. Mistakes were made in my choice of developers and also in how I managed them. But having made those mistakes I won’t compound them further by accepting what they gave me and releasing a trading platform that doesn’t accurately transfer the dynamics of the trading pit onto your computer screen. 

My only available course of action was to learn from my mistakes. So I carried on and hired the best development team I could find and moved to Moscow to work with them full time. It never crossed my mind to quit. I will continue to execute my vision until I get the exchange I want. 

If We’re Gonna Do This, We’re Gonna Do It Right

The testnet platform that we released on November 30th was the product of my refusal to accept second best. As a trader, you can view real-time price action on an intuitive ladder interface. You have the ability to submit trades instantly, with a single click of the mouse, with no mouse movement or keyboard strokes needed, never taking your eyes from the price action. 

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Bids and offers will literally move up and down the trading ladder, enabling you to get in the zone and visualize what’s happening and what might happen next. All relevant market information will be displayed without needing to scroll and you’ll be able to react instantly to any situation with little to no mouse movement. 

Despite heavy load from thousands of active traders pursuing high-frequency trading strategies that aren’t viable on fee-charging exchanges, the Digitex matching engine will be fast and efficient enough to deal with the resulting liquidity. 

A Rare Beast, Waiting to be Unleashed

Ease of use and a matching engine that works under heavy strain sound so simple, right? Like they should be something we can just take for granted. But if you look at the majority of cryptocurrency exchanges that are out there right now, you can see for yourself how rare this level of quality actually is. 

There are literally hundreds of examples of shit exchanges with ugly, glitchy trading interfaces. Multiple mouse movements and keyboard strokes to do anything even before you execute a trade. Fragile and badly built matching engines that just don’t work properly. 

This lack of quality doesn’t surprise me. I’ve learned firsthand that it’s very difficult to create a fast and robust exchange with an intuitive interface and a matching engine that can withstand the rigors of thousands of active traders. Most companies fail miserably because they rush to bring a product to market. Once it’s live, they only care about making a quick profit from your trading fees. But in so doing they join the ranks of hundreds of other irrelevant and illiquid exchanges.

The Digitex Futures exchange will stand head and shoulders above the rest. Our platform is well designed, easy to use, and will be a highly liquid exchange with a bulletproof matching engine that just works. We’re taking our inspiration from the trading platforms developed by the likes of CME and LIFFE, not the substandard crypto exchanges that dominate the current market. 

The launch of the testnet was only the very beginning and the mainnet coming up on April 27 will be just the next step. Digitex is the natural culmination of my trading journey so far, and there is so much more that I want to do with it over the coming years. 

Thanks for sticking with us so far. I promise it will be worth the wait.

Do you want to stock up on DGTX tokens ahead of the mainnet launch? You can head over to the Digitex Treasury for a trustless transaction with zero slippage and completely KYC-free now.

BUY DGTX

Latest News

DGTX Token

What is the DGTX Token?

Digitex Futures
• Adam Todd
April 3, 2020

If this is the first time you’ve come across the Digitex Futures project, you may be wondering what the DGTX token is and how it works inside our exchange. Be sure to check out the facts below laid out for you by our founder and CEO Adam Todd.

Explaining the DGTX Token

The DGTX token is the native cryptocurrency of the Digitex Futures exchange. Your account balance on the Digitex Futures exchange is denominated in DGTX tokens and all your trading profits and losses are in DGTX tokens as well.

Traders must have a positive balance of DGTX tokens in their trading account to place trades on the Digitex Futures exchange. This creates a continuous demand for DGTX from traders who are attracted to commission-free futures markets.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Eliminating Commission Fees

Digitex eliminates transaction fees on trades and covers operational, development and marketing costs through our three-stage funding model. The first stage was our ICO held in January 2018 which sold out in 17 minutes raising approximately $5.2 million in ETH.

The second stage is through our Digitex Treasury, initiated in March 2019. It is an ongoing token sale for two and a half years that releases 10 million DGTX tokens for sale every three months. By locking up and releasing 100 million DGTX tokens slowly we can fund operations well into 2021 and sell DGTX at the current market price, which we anticipate to rise consistently after mainnet launch.

The final stage of funding will begin in 2022. We will create and sell a small number of new DGTX tokens each year. All new token issuance events must be approved by DGTX owners through a democratic system of Decentralized Governance by Blockchain.

The demand from thousands of traders who must own DGTX tokens will easily absorb the small number of new tokens that are created to cover costs.

There was an initial supply of one billion DGTX tokens (1,000,000,000 DGTX).

On January 15th, 700 million DGTX tokens were sold to the public at a Digitex to USD price of USD $0.01 per token (1 DGTX = $0.01). This was scheduled to stay open until Feb 15, but the demand was so high that it sold out in 17 minutes!

When the commission-free Digitex Futures exchange becomes popular, demand from hundreds of thousands of traders who must own DGTX tokens to participate will drive the price of them considerably higher than its launch price of $0.01.

Digitex is a commission-free, trustless Bitcoin futures exchange built on a secure platform with a blazing fast order matching engine with a one-click ladder trading interface. It will be wildly popular in the cryptocurrency derivatives space, creating a huge demand for DGTX tokens.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

 

April 3, 2020
Digitex Futures

What is the DGTX Token?

Adam Todd
DGTX Token

If this is the first time you’ve come across the Digitex Futures project, you may be wondering what the DGTX token is and how it works inside our exchange. Be sure to check out the facts below laid out for you by our founder and CEO Adam Todd.

Explaining the DGTX Token

The DGTX token is the native cryptocurrency of the Digitex Futures exchange. Your account balance on the Digitex Futures exchange is denominated in DGTX tokens and all your trading profits and losses are in DGTX tokens as well.

Traders must have a positive balance of DGTX tokens in their trading account to place trades on the Digitex Futures exchange. This creates a continuous demand for DGTX from traders who are attracted to commission-free futures markets.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Eliminating Commission Fees

Digitex eliminates transaction fees on trades and covers operational, development and marketing costs through our three-stage funding model. The first stage was our ICO held in January 2018 which sold out in 17 minutes raising approximately $5.2 million in ETH.

The second stage is through our Digitex Treasury, initiated in March 2019. It is an ongoing token sale for two and a half years that releases 10 million DGTX tokens for sale every three months. By locking up and releasing 100 million DGTX tokens slowly we can fund operations well into 2021 and sell DGTX at the current market price, which we anticipate to rise consistently after mainnet launch.

The final stage of funding will begin in 2022. We will create and sell a small number of new DGTX tokens each year. All new token issuance events must be approved by DGTX owners through a democratic system of Decentralized Governance by Blockchain.

The demand from thousands of traders who must own DGTX tokens will easily absorb the small number of new tokens that are created to cover costs.

There was an initial supply of one billion DGTX tokens (1,000,000,000 DGTX).

On January 15th, 700 million DGTX tokens were sold to the public at a Digitex to USD price of USD $0.01 per token (1 DGTX = $0.01). This was scheduled to stay open until Feb 15, but the demand was so high that it sold out in 17 minutes!

When the commission-free Digitex Futures exchange becomes popular, demand from hundreds of thousands of traders who must own DGTX tokens to participate will drive the price of them considerably higher than its launch price of $0.01.

Digitex is a commission-free, trustless Bitcoin futures exchange built on a secure platform with a blazing fast order matching engine with a one-click ladder trading interface. It will be wildly popular in the cryptocurrency derivatives space, creating a huge demand for DGTX tokens.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

 

Latest News

DGTX

DGTX Tokenomics

Digitex Futures
• Adam Todd
March 25, 2020

When most people hear about Digitex Futures, the first thing they want to know is how can we sustain commission-free trading? This is made possible by using our DGTX token as the native currency of the exchange in which all account balances are denominated and in which all Bitcoin futures trading profits and losses are settled. DGTX tokens are thus in demand from traders who must own them to participate in zero-fee trading on the Digitex Futures exchange. 

Three Stages of Funding

Digitex Futures is financed through our three-stage model of funding which started with our ICO in Jan 2018 raising around $5mn in ETH. The second stage is through our Digitex Treasury that is an ongoing token sale of 100mn that releases 10mn DGTX tokens every quarter over two and a half years to fund our operations. The third and final stage of funding is token issuance decided on from 2022 by DGTX token holders.

We believe that the need for traders to own a balance of DGTX tokens to enjoy zero-fee trading on the Digitex Futures exchange will create a surge in demand for DGTX tokens when the exchange is launched at the end of next month. This is because thousands of traders who are attracted to zero trading fees will start buying DGTX tokens. 

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW
Tokenomics Inflation

There is a downside to minting new tokens: inflation. Whilst it’s true that any increase in DGTX supply will devalue the current price of DGTX, by utilizing decentralized governance by blockchain it is the DGTX token owners themselves who are in control of that inflation cost. Why would DGTX token owners willingly vote to increase supply and therefore devalue their DGTX tokens?

Because by doing so they are funding a commission-free futures exchange that creates increased demand for DGTX. Increased demand for DGTX from traders will counteract the effect of increased supply and this constant balancing act of inflation vs demand will be done by the very people who are affected by it: DGTX token owners.

Token issuance events may even be a useful tool for DGTX owners to “cool off” any large increases in DGTX price caused by increased demand from traders. Rapid and unchecked increases in a currency’s strength can lead to many problems in established economies and the Digitex Futures exchange may be no different.

Finally, even with a very small inflationary impact when tokens are issued, Digitex will be looking for new forms of funding before considering expanding the supply. There are many ways to monetize an active trading user base without punishing your most active traders in the form of commissions. And with the launch of our spot markets, later on, we will also have the option of listing fees.

With the testnet in full swing receiving excellent feedback and reviews, and the mainnet just around the corner, we’re getting ready to revolutionize the crypto futures trading space – are you with us?

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX
March 25, 2020
Digitex Futures

DGTX Tokenomics

Adam Todd
DGTX

When most people hear about Digitex Futures, the first thing they want to know is how can we sustain commission-free trading? This is made possible by using our DGTX token as the native currency of the exchange in which all account balances are denominated and in which all Bitcoin futures trading profits and losses are settled. DGTX tokens are thus in demand from traders who must own them to participate in zero-fee trading on the Digitex Futures exchange. 

Three Stages of Funding

Digitex Futures is financed through our three-stage model of funding which started with our ICO in Jan 2018 raising around $5mn in ETH. The second stage is through our Digitex Treasury that is an ongoing token sale of 100mn that releases 10mn DGTX tokens every quarter over two and a half years to fund our operations. The third and final stage of funding is token issuance decided on from 2022 by DGTX token holders.

We believe that the need for traders to own a balance of DGTX tokens to enjoy zero-fee trading on the Digitex Futures exchange will create a surge in demand for DGTX tokens when the exchange is launched at the end of next month. This is because thousands of traders who are attracted to zero trading fees will start buying DGTX tokens. 

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW
Tokenomics Inflation

There is a downside to minting new tokens: inflation. Whilst it’s true that any increase in DGTX supply will devalue the current price of DGTX, by utilizing decentralized governance by blockchain it is the DGTX token owners themselves who are in control of that inflation cost. Why would DGTX token owners willingly vote to increase supply and therefore devalue their DGTX tokens?

Because by doing so they are funding a commission-free futures exchange that creates increased demand for DGTX. Increased demand for DGTX from traders will counteract the effect of increased supply and this constant balancing act of inflation vs demand will be done by the very people who are affected by it: DGTX token owners.

Token issuance events may even be a useful tool for DGTX owners to “cool off” any large increases in DGTX price caused by increased demand from traders. Rapid and unchecked increases in a currency’s strength can lead to many problems in established economies and the Digitex Futures exchange may be no different.

Finally, even with a very small inflationary impact when tokens are issued, Digitex will be looking for new forms of funding before considering expanding the supply. There are many ways to monetize an active trading user base without punishing your most active traders in the form of commissions. And with the launch of our spot markets, later on, we will also have the option of listing fees.

With the testnet in full swing receiving excellent feedback and reviews, and the mainnet just around the corner, we’re getting ready to revolutionize the crypto futures trading space – are you with us?

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX

Latest News

bitcoin futures

Why Trade Bitcoin Futures Instead of Bitcoin?

Trading
• Adam Todd
March 24, 2020

There are zero trading fees on all trades on the Digitex Futures exchange. Traders can buy and sell unlimited volumes without incurring any commission costs. Commissions are an insidious mechanical edge that constantly works against you in the same manner as the zero on a roulette wheel, making it impossible for very active traders to make a profit after costs. By trading Bitcoin futures on Digitex, traders can pursue short term, low-profit margin scalping strategies that are not viable on other exchanges due to trading fees.

Digitex Market Makers

Another factor contributing to a highly liquid Bitcoin futures market is the presence of the very well-capitalized Digitex market makers. These automated trading robots are programmed to lose while aggressively trading to increase liquidity. This means that traders actually have an edge in their favor for the very first time. Not only are they trading with zero commissions but they can target the market maker losses as well.

The Digitex market makers have a very large trading bank of 100m DGTX which is 10% of the total supply of DGTX tokens. When compared to a traditional futures exchange this makes Digitex very highly capitalized when it comes to its ability to create liquid markets from day one and to honor all trades in its role as the clearinghouse.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Reduced Slippage

Creating highly liquid markets with thick order books reduces the other major cost of trading: slippage. Longer-term traders who don’t place that many trades may not be concerned by the saving in trading fees but they will be attracted to thick order books where they can place large orders with little to no slippage.

Go Short

A big benefit of trading futures instead of the underlying instrument is the ability for traders to go short. This means you can sell something you don’t own and make a profit when prices fall. This is an essential strategy for any trader, especially during long, cold bear markets.

High Leverage

Another major benefit of trading Bitcoin futures instead of actual bitcoins is the use of leverage. Leverage allows traders to take larger futures positions than they could otherwise take if they were buying actual bitcoins. 

This is possible because futures traders must only put down the amount of money they could likely lose on the trade instead of having to put down the full purchase price. Traders on the Digitex Futures Exchange can choose up to 100x leverage, which results in much larger profits (and losses) in relation to the size of your trading bank.

One-Click Fast Trade Submission On Trading Ladder

An important factor in successful scalping is the ability of the trader to get in the zone and place trades quickly with a single click and without needing to take his or her eyes from the price action.

The Digitex Futures exchange features an intuitive trading ladder that displays the Bitcoin futures market vertically. Bids are displayed on the left side of a vertical price column and offers are displayed on the right side of the price column. 

Traders can easily get in the zone and get a feel for the market’s movements as they watch the bids and offers literally move up and down the vertical price column. Traders can buy or sell instantly at their desired price with a single click, without needing to use the keyboard or move the mouse more than a few millimeters.

Large Tick Size Better for Short Term Scalping

The Bitcoin futures market on the Digitex Futures exchange has a large $5 tick size that eliminates a lot of the unnecessary noise from the Bitcoin price. This means the smallest price increment the futures price can move is $5. This creates thicker bids and offers and reduces volatility, allowing scalpers to more effectively take single-tick profits. 

Reduced noise through bigger tick sizes also enables the exchange to display a volatile price such as Bitcoin on a vertical trading ladder without the price constantly flying off the top and the bottom of the screen.

Owning the DGTX Token Will Eliminate Trading Fees

The Digitex Futures exchange is the first exchange of its kind to develop and use its own cryptocurrency, called the DGTX token, to eliminate all trading fees. Traders must have a balance of DGTX tokens to use the exchange. T

Therefore, the successful launch of a secure and stable trading platform in April 2020 will give the DGTX token its utility and create demand for DGTX from traders who must use the DGTX token to enjoy zero-fee trading.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW
March 24, 2020
Trading

Why Trade Bitcoin Futures Instead of Bitcoin?

Adam Todd
bitcoin futures

There are zero trading fees on all trades on the Digitex Futures exchange. Traders can buy and sell unlimited volumes without incurring any commission costs. Commissions are an insidious mechanical edge that constantly works against you in the same manner as the zero on a roulette wheel, making it impossible for very active traders to make a profit after costs. By trading Bitcoin futures on Digitex, traders can pursue short term, low-profit margin scalping strategies that are not viable on other exchanges due to trading fees.

Digitex Market Makers

Another factor contributing to a highly liquid Bitcoin futures market is the presence of the very well-capitalized Digitex market makers. These automated trading robots are programmed to lose while aggressively trading to increase liquidity. This means that traders actually have an edge in their favor for the very first time. Not only are they trading with zero commissions but they can target the market maker losses as well.

The Digitex market makers have a very large trading bank of 100m DGTX which is 10% of the total supply of DGTX tokens. When compared to a traditional futures exchange this makes Digitex very highly capitalized when it comes to its ability to create liquid markets from day one and to honor all trades in its role as the clearinghouse.

Want to buy DGTX ahead of the mainnet launch? You can do it easily and straight from us through the Digitex Treasury. We offer an instant trustless transaction with no slippage and no need to go through an exchange. Simply click below.

BUY DGTX
Reduced Slippage

Creating highly liquid markets with thick order books reduces the other major cost of trading: slippage. Longer-term traders who don’t place that many trades may not be concerned by the saving in trading fees but they will be attracted to thick order books where they can place large orders with little to no slippage.

Go Short

A big benefit of trading futures instead of the underlying instrument is the ability for traders to go short. This means you can sell something you don’t own and make a profit when prices fall. This is an essential strategy for any trader, especially during long, cold bear markets.

High Leverage

Another major benefit of trading Bitcoin futures instead of actual bitcoins is the use of leverage. Leverage allows traders to take larger futures positions than they could otherwise take if they were buying actual bitcoins. 

This is possible because futures traders must only put down the amount of money they could likely lose on the trade instead of having to put down the full purchase price. Traders on the Digitex Futures Exchange can choose up to 100x leverage, which results in much larger profits (and losses) in relation to the size of your trading bank.

One-Click Fast Trade Submission On Trading Ladder

An important factor in successful scalping is the ability of the trader to get in the zone and place trades quickly with a single click and without needing to take his or her eyes from the price action.

The Digitex Futures exchange features an intuitive trading ladder that displays the Bitcoin futures market vertically. Bids are displayed on the left side of a vertical price column and offers are displayed on the right side of the price column. 

Traders can easily get in the zone and get a feel for the market’s movements as they watch the bids and offers literally move up and down the vertical price column. Traders can buy or sell instantly at their desired price with a single click, without needing to use the keyboard or move the mouse more than a few millimeters.

Large Tick Size Better for Short Term Scalping

The Bitcoin futures market on the Digitex Futures exchange has a large $5 tick size that eliminates a lot of the unnecessary noise from the Bitcoin price. This means the smallest price increment the futures price can move is $5. This creates thicker bids and offers and reduces volatility, allowing scalpers to more effectively take single-tick profits. 

Reduced noise through bigger tick sizes also enables the exchange to display a volatile price such as Bitcoin on a vertical trading ladder without the price constantly flying off the top and the bottom of the screen.

Owning the DGTX Token Will Eliminate Trading Fees

The Digitex Futures exchange is the first exchange of its kind to develop and use its own cryptocurrency, called the DGTX token, to eliminate all trading fees. Traders must have a balance of DGTX tokens to use the exchange. T

Therefore, the successful launch of a secure and stable trading platform in April 2020 will give the DGTX token its utility and create demand for DGTX from traders who must use the DGTX token to enjoy zero-fee trading.

Want to try your hand at trading commission-free on the Digitex Futures exchange? With the beta version handling insane volume, you can practice your skills on our trading ladder interface and hone your strategy before the mainnet release on April 27, 2020.

JOIN NOW

Latest News

Futures Trading

Poker Players Guide to Bitcoin Futures Trading

Digitex Futures
• Adam Todd
March 17, 2020

The price of Bitcoin against the U.S. dollar started the year at just over $7,200 per coin. Then it went up to almost $11,000, down to below $4,000 and is currently on its way back to $6,000. Where it goes from there is anyone’s guess, but you know it’s going somewhere. This is why Bitcoin is such a great vehicle for short term futures trading on its price.

Bitcoin Price Action Never Stops

The action never stops. 24 hours a day, 7 days a week, the price of Bitcoin is gyrating wildly, most of the time for no apparent reason. No matter the time, there are always trading opportunities.

Just like playing poker, Bitcoin trading is a game of skill and of calculating probabilities. Regardless of what cards come up, a good poker player will always beat a bad player over time. Similarly, good traders will always beat the bad traders regardless of whether the price of Bitcoin goes up, down or sideways. Just like poker, Bitcoin trading can be beaten with a combination of discipline, patience, and simple calculations.

That’s why poker players love Bitcoin futures trading so much. Everything they find attractive about playing poker online is present in good Bitcoin trading strategies. It’s a game of skill where simple calculations and a cool head can consistently put you ahead of the crowd, regardless of the price’s direction or whether you even know what Bitcoin is.

But just like poker’s rake makes it almost impossible to turn a profit, Bitcoin futures traders must contend with transaction fees on their trades that turn any marginally profitable trading strategy into a losing one.

People don’t realize how damaging even the smallest edge working against you, such as transaction fees, can be. Take the roulette wheel as an example. There are 37 numbers on the wheel but they only pay out winning numbers at 35 to 1. It doesn’t sound like much, but that 3% edge against you is what pays for all the staff and the building by ensuring that over time, everyone loses.

Transaction fees on trades have the same effect on your profits as the rake or the casino’s built-in edge on the roulette wheel. If you’re a short term trader and you have to pay trading fees it becomes almost impossible to make a profit. And the only one making any money is the exchange.

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW
Trading with Zero Commissions

The Digitex Futures exchange has no transaction fees of any kind on any trades, thus making it possible for traders to actually make a profit from their trading. There is no edge working against you. Traders can pursue marginally profitable trading strategies that aren’t profitable on other exchanges due to commissions, such as high volume, ultra short term trading strategies like scalping. With the yoke of trading fees lifted, these short term traders create liquid futures markets that attract yet more traders.

This commission-free futures trading Utopia is made possible by Digitex’s revolutionary new futures exchange model that eliminates trading fees and replaces them with new token issuance. By creating its own native exchange token called the DGTX token, the exchange uses it as the currency in which all account balances and trading profits/losses are denominated. This creates demand for the DGTX token because traders must own it to participate in liquid, commission-free futures markets. 

The DGTX token is, therefore, an integral part of the Digitex Futures exchange and how it can operate sustainably without charging any transaction fees. To read more about DGTX tokenomics and our other methods of funding, click here.

By allowing traders, gamers, and poker players to place trades, make calls and profit from Bitcoin’s volatility, Digitex will mark an industry first. Join us in revolutionizing cryptocurrency futures trading and giving the edge back to the customer.

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX
March 17, 2020
Digitex Futures

Poker Players Guide to Bitcoin Futures Trading

Adam Todd
Futures Trading

The price of Bitcoin against the U.S. dollar started the year at just over $7,200 per coin. Then it went up to almost $11,000, down to below $4,000 and is currently on its way back to $6,000. Where it goes from there is anyone’s guess, but you know it’s going somewhere. This is why Bitcoin is such a great vehicle for short term futures trading on its price.

Bitcoin Price Action Never Stops

The action never stops. 24 hours a day, 7 days a week, the price of Bitcoin is gyrating wildly, most of the time for no apparent reason. No matter the time, there are always trading opportunities.

Just like playing poker, Bitcoin trading is a game of skill and of calculating probabilities. Regardless of what cards come up, a good poker player will always beat a bad player over time. Similarly, good traders will always beat the bad traders regardless of whether the price of Bitcoin goes up, down or sideways. Just like poker, Bitcoin trading can be beaten with a combination of discipline, patience, and simple calculations.

That’s why poker players love Bitcoin futures trading so much. Everything they find attractive about playing poker online is present in good Bitcoin trading strategies. It’s a game of skill where simple calculations and a cool head can consistently put you ahead of the crowd, regardless of the price’s direction or whether you even know what Bitcoin is.

But just like poker’s rake makes it almost impossible to turn a profit, Bitcoin futures traders must contend with transaction fees on their trades that turn any marginally profitable trading strategy into a losing one.

People don’t realize how damaging even the smallest edge working against you, such as transaction fees, can be. Take the roulette wheel as an example. There are 37 numbers on the wheel but they only pay out winning numbers at 35 to 1. It doesn’t sound like much, but that 3% edge against you is what pays for all the staff and the building by ensuring that over time, everyone loses.

Transaction fees on trades have the same effect on your profits as the rake or the casino’s built-in edge on the roulette wheel. If you’re a short term trader and you have to pay trading fees it becomes almost impossible to make a profit. And the only one making any money is the exchange.

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW
Trading with Zero Commissions

The Digitex Futures exchange has no transaction fees of any kind on any trades, thus making it possible for traders to actually make a profit from their trading. There is no edge working against you. Traders can pursue marginally profitable trading strategies that aren’t profitable on other exchanges due to commissions, such as high volume, ultra short term trading strategies like scalping. With the yoke of trading fees lifted, these short term traders create liquid futures markets that attract yet more traders.

This commission-free futures trading Utopia is made possible by Digitex’s revolutionary new futures exchange model that eliminates trading fees and replaces them with new token issuance. By creating its own native exchange token called the DGTX token, the exchange uses it as the currency in which all account balances and trading profits/losses are denominated. This creates demand for the DGTX token because traders must own it to participate in liquid, commission-free futures markets. 

The DGTX token is, therefore, an integral part of the Digitex Futures exchange and how it can operate sustainably without charging any transaction fees. To read more about DGTX tokenomics and our other methods of funding, click here.

By allowing traders, gamers, and poker players to place trades, make calls and profit from Bitcoin’s volatility, Digitex will mark an industry first. Join us in revolutionizing cryptocurrency futures trading and giving the edge back to the customer.

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX

Latest News

Commission

Commission-Free Trading, Shaking Up The Futures Exchange Market

Digitex Futures
• Adam Todd
March 10, 2020

For the first time, traders can engage in highly active, short term trading strategies without being penalized by volume-based commissions that make it impossible to make a profit. Zero commission trading on the Digitex Futures exchange is not a temporary free trial or a marketing ploy to attract traders and then start charging them later. Digitex’s commission-free model is sustainable indefinitely, regardless of how many traders there are. 

When We Say Commission-Free, We Mean It

Traders on Digitex’s futures markets can take single-tick profits and losses without any edge working against them. There is no reason why a competent and disciplined trader cannot make consistent profits because unlike any other fee-charging exchange, on Digitex there is no mechanical edge built into the system that is constantly working against you. On Digitex you can keep edging forwards and grinding out consistent small profits that don’t get eaten up by fees.

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW

Digitex can operate indefinitely without charging any transaction fees or withdrawal fees by utilizing its own native currency, called the DGTX token. To use the Digitex Futures exchange you must have a balance of DGTX tokens in your trading account and your futures trading profits and losses are denominated in DGTX tokens. You are trading the Bitcoin/US Dollar futures market but you are winning and losing DGTX tokens, not BTC.

This means that all traders must own DGTX tokens to use the Digitex Futures exchange. This creates demand and utility for the DGTX token, which allows the exchange to cover its costs through an autonomous token issuance system that mints a small number of new DGTX each year and sells them to traders through token sales. How many DGTX are created to cover costs is determined by all DGTX token owners through a democratic voting system.

Digitex’s token issuance system removes the cost burden of the exchange from active traders. This is crucial because it allows these short term scalpers to step up into hyperactive mode which they cannot do when they must pay volume-based commissions. Truly commission-free markets thus become very liquid which in turn attracts longer-term traders who can easily enter and exit large positions with little to no slippage.

The cost burden of running the exchange is therefore removed from the most active traders and is instead shared by all DGTX token owners in the form of a small inflation rate. By using Decentralized Governance by Blockchain, the DGTX owners determine how many new tokens are issued and can, therefore, control the inflation rate and set it to something they are happy with.

For example, let’s use the following assumptions:

  • There are 100,000 users on the Digitex Futures exchange
  • DGTX is currently trading at $1.00
  • The exchange needs $5m to cover its operational, development, support and marketing costs for the next 12 months.
  • Using the above assumptions, the token issuance system would submit a proposal to mint 5m new DGTX tokens ($5m needed / 1 DGTX = $1.00). All DGTX token owners would vote on this proposal and if it passes 5m new DGTX tokens will be created and sold in a token sale at $1.00 per token. This raises $5m of revenue which funds the ongoing costs of the exchange for a further 12 months without needing to charge any trading fees on any trades.
  • An increase in supply of 5m new DGTX tokens on a total DGTX supply of 1 billion DGTX is an inflation rate of 0.5%. The theoretical effect of this will be a drop in price of DGTX from $1.00 down to $0.995.

However, what effect will securing a further 12 months of demand for DGTX tokens have on the price of DGTX? I believe that securing ongoing demand and utility for the DGTX token through token issuance will have a much more powerful upward effect on the price than the negative effect of a 0.5% inflation rate. Instead of dropping by 0.5%, I would expect a healthy pop in the price of DGTX immediately after a successful token issuance event.

With the testnet in full swing and mainnet launch coming up, we’re on track to deliver a stable and secure exchange that will revolutionize how small, retail traders can trade on futures markets without being killed by costs. 

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX
March 10, 2020
Digitex Futures

Commission-Free Trading, Shaking Up The Futures Exchange Market

Adam Todd
Commission

For the first time, traders can engage in highly active, short term trading strategies without being penalized by volume-based commissions that make it impossible to make a profit. Zero commission trading on the Digitex Futures exchange is not a temporary free trial or a marketing ploy to attract traders and then start charging them later. Digitex’s commission-free model is sustainable indefinitely, regardless of how many traders there are. 

When We Say Commission-Free, We Mean It

Traders on Digitex’s futures markets can take single-tick profits and losses without any edge working against them. There is no reason why a competent and disciplined trader cannot make consistent profits because unlike any other fee-charging exchange, on Digitex there is no mechanical edge built into the system that is constantly working against you. On Digitex you can keep edging forwards and grinding out consistent small profits that don’t get eaten up by fees.

Do you want to try your hand at commission-free bitcoin futures trading? Hop on over to the Digitex testnet now and practice honing your skills ahead of mainnet launch on crypto’s first trading ladder interface. 

TRADE NOW

Digitex can operate indefinitely without charging any transaction fees or withdrawal fees by utilizing its own native currency, called the DGTX token. To use the Digitex Futures exchange you must have a balance of DGTX tokens in your trading account and your futures trading profits and losses are denominated in DGTX tokens. You are trading the Bitcoin/US Dollar futures market but you are winning and losing DGTX tokens, not BTC.

This means that all traders must own DGTX tokens to use the Digitex Futures exchange. This creates demand and utility for the DGTX token, which allows the exchange to cover its costs through an autonomous token issuance system that mints a small number of new DGTX each year and sells them to traders through token sales. How many DGTX are created to cover costs is determined by all DGTX token owners through a democratic voting system.

Digitex’s token issuance system removes the cost burden of the exchange from active traders. This is crucial because it allows these short term scalpers to step up into hyperactive mode which they cannot do when they must pay volume-based commissions. Truly commission-free markets thus become very liquid which in turn attracts longer-term traders who can easily enter and exit large positions with little to no slippage.

The cost burden of running the exchange is therefore removed from the most active traders and is instead shared by all DGTX token owners in the form of a small inflation rate. By using Decentralized Governance by Blockchain, the DGTX owners determine how many new tokens are issued and can, therefore, control the inflation rate and set it to something they are happy with.

For example, let’s use the following assumptions:

  • There are 100,000 users on the Digitex Futures exchange
  • DGTX is currently trading at $1.00
  • The exchange needs $5m to cover its operational, development, support and marketing costs for the next 12 months.
  • Using the above assumptions, the token issuance system would submit a proposal to mint 5m new DGTX tokens ($5m needed / 1 DGTX = $1.00). All DGTX token owners would vote on this proposal and if it passes 5m new DGTX tokens will be created and sold in a token sale at $1.00 per token. This raises $5m of revenue which funds the ongoing costs of the exchange for a further 12 months without needing to charge any trading fees on any trades.
  • An increase in supply of 5m new DGTX tokens on a total DGTX supply of 1 billion DGTX is an inflation rate of 0.5%. The theoretical effect of this will be a drop in price of DGTX from $1.00 down to $0.995.

However, what effect will securing a further 12 months of demand for DGTX tokens have on the price of DGTX? I believe that securing ongoing demand and utility for the DGTX token through token issuance will have a much more powerful upward effect on the price than the negative effect of a 0.5% inflation rate. Instead of dropping by 0.5%, I would expect a healthy pop in the price of DGTX immediately after a successful token issuance event.

With the testnet in full swing and mainnet launch coming up, we’re on track to deliver a stable and secure exchange that will revolutionize how small, retail traders can trade on futures markets without being killed by costs. 

Are you ready to join in the commission-free trading revolution? Stock up on DGTX tokens while they’re at a knock-down price ahead of mainnet launch by buying DGTX today. You’ll get an instant trustless transaction with zero commissions, KYC, or slippage.

BUY DGTX

Latest News

Digitex Futures UI — You Spoke, We Listened 1

Digitex Futures UI — You Spoke, We Listened

Digitex Futures
Trading
• Adam Todd
October 18, 2019

Yesterday I gave you a sneak peek at our newly designed trading interface, and I’m happy to say it got a really positive response. Its clean and modern look combined with its ease of use went down well with our community. And as I hoped, we received a lot of great feedback on how to improve it even more. So, the first thing I did this morning was huddle with the SmartDec UI team to see what we can do. This time around I want to demonstrate that we’re in control of the development process and that we’re able to listen and respond to user feedback quickly and effectively. Below is a list of the best suggestions and my responses to them.
Continue reading

October 18, 2019
Digitex Futures
Trading

Digitex Futures UI — You Spoke, We Listened

Adam Todd
Digitex Futures UI — You Spoke, We Listened 2

Yesterday I gave you a sneak peek at our newly designed trading interface, and I’m happy to say it got a really positive response. Its clean and modern look combined with its ease of use went down well with our community. And as I hoped, we received a lot of great feedback on how to improve it even more. So, the first thing I did this morning was huddle with the SmartDec UI team to see what we can do. This time around I want to demonstrate that we’re in control of the development process and that we’re able to listen and respond to user feedback quickly and effectively. Below is a list of the best suggestions and my responses to them.
Continue reading

Latest News

Latest Look at the Digitex Futures User Interface 3

Latest Look at the Digitex Futures User Interface

Digitex Futures
Trading
• Adam Todd
October 16, 2019

The Digitex Futures exchange has to be a truly great product if it is to survive and thrive. Anything less than that and success will be very difficult, if not impossible. I have known this from the very start. Remember, we could already have launched a product. We had that bag of spanners that Spotware delivered to us in April. Technically, it kind of worked – sort of. But the big problem was that it was a stinking pile of s**t and it was impossible for me to change or improve anything. Users would have signed up, tried using it once or twice and then they would have given up on it. Digitex Futures would have died a certain death shortly after. Continue reading

October 16, 2019
Digitex Futures
Trading

Latest Look at the Digitex Futures User Interface

Adam Todd
Latest Look at the Digitex Futures User Interface 4

The Digitex Futures exchange has to be a truly great product if it is to survive and thrive. Anything less than that and success will be very difficult, if not impossible. I have known this from the very start. Remember, we could already have launched a product. We had that bag of spanners that Spotware delivered to us in April. Technically, it kind of worked – sort of. But the big problem was that it was a stinking pile of s**t and it was impossible for me to change or improve anything. Users would have signed up, tried using it once or twice and then they would have given up on it. Digitex Futures would have died a certain death shortly after. Continue reading

Latest News