Market Is Down

Market Is Down — But This Only Creates More Demand For A Zero-Fee Trading Solution

Blockchain
Crypto Industry
Trading
• admin
January 6, 2020

After the cryptocurrency market capitalization plummeted from $300 billion to $184 billion in the span of a few short weeks, many cryptocurrency holders have once again parted from their coins. No markets have been spared, not even traditional safe havens like gold and commodities, and crypto has been badly hit. Bitcoin and ether may be rallying currently, but it’s uncertain they’ll remain their brief bullish decoupling from the stock markets. But not to fear, there are still plenty of ways to benefit while the market is down – and a commission-free trading solution is one of the best.

Commission-Free Trading Is Right Around the Corner

Even with all cryptocurrencies taking a hit, Digitex will certainly see a surge as we come up to the mainnet launch. What makes the Digitex exchange so disruptive is that the exchange will offer zero-fee trading, made possible by utilizing our base cryptocurrency, the DGTX token

This is huge, as percentage-based trading fees add up over time, and take away from making any actual profits. As more users are attracted to zero-fee trading, there will be more demand for Digitex tokens. Digitex is able to accomplish zero-fee trading via a three-stage financing model, rather like seed financing in a traditional company.

Our first phase was our sell-out ICO in Jan 2018, in which over $5mn of ETH was raised. The second phase is currently in action. It is called the Digitex Treasury and is an ongoing token sale in which we locked up 10% of DGTX supply (100mn tokens). 10mn DGTX tokens are released every quarter and the sale of these goes toward financing our operations. This will last for two and a half years until the end of 2021.

From the start of 2022, Digitex proposes to increase the amount of circulating DGTX by a very small percentage through a process called token minting. This will have a slight inflationary effect on the DGTX token, however, instead of having a set amount of inflation, users will democratically vote on the percent increase. This gives the Digitex protocol immense flexibility for the future.

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 Futures Is an Exchange with a Difference

Unlike most cryptocurrency exchanges, Digitex is creating a commission-free futures exchange. The futures (or derivatives) space has grown enormously in crypto over the past years since it allows traders to speculate on the future price of an asset by trading long and short futures contracts. If a trader is long, they expect the price to increase over time. As you’d expect, if a trader is short, they expect the price to decrease over time.

In order to “short” cryptocurrency on a normal exchange, you would need to move into Tether, which has issues of its own. Also, this only allows for 1x leverage. BitMEX is currently one of the highest volume cryptocurrency exchanges out there partly due to traders’ ability to use leverage. In fact, BitMEX has consistently broken trading volume records in the space, accompanied by platforms like OKEx, Huobi, and Binance. 

While all exchanges offer slightly different propositions, these are all fee-charging exchanges. This renders aggressive trading strategies like scalping impossible for most traders since their profits are eaten up by commission fees. A fee of 0.075% may not look like much, but if you’re trading with100x leverage, that quickly becomes 7.5%. This can wipe out a trader’s small profits. 

In contrast, by being commission-free, Digitex allows traders to place orders over and over again and trade to their heart’s content without incurring a single fee. This will create active liquid markets that will attract more and more traders and increase the demand for the DGTX token. 

What separates DGTX tokens from the rest of the cryptocurrency space is the real demand for the tokens due to their utility. Even though DGTX is a utility token, this does not stop them from having a price increase in the future. As demand rises for the token, the natural laws of supply and demand will apply.

Traders will also be attracted to our rapid-fire one-click trading ladder that allows them to save time and place orders with a single mouse click. This is a first for the crypto space and will surely set a trend in user experience as traders see just how much more convenient and fast trading with a ladder is.

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

So, even though the market is down right now, that gives traders even more reason to trade on the Digitex platform when the mainnet releases on April 27. Be sure to get practicing on the beta version so that you can hone your skills and prepare to make money even if the bear market continues.

January 6, 2020
Blockchain
Crypto Industry
Trading

Market Is Down — But This Only Creates More Demand For A Zero-Fee Trading Solution

admin
Market Is Down

After the cryptocurrency market capitalization plummeted from $300 billion to $184 billion in the span of a few short weeks, many cryptocurrency holders have once again parted from their coins. No markets have been spared, not even traditional safe havens like gold and commodities, and crypto has been badly hit. Bitcoin and ether may be rallying currently, but it’s uncertain they’ll remain their brief bullish decoupling from the stock markets. But not to fear, there are still plenty of ways to benefit while the market is down – and a commission-free trading solution is one of the best.

Commission-Free Trading Is Right Around the Corner

Even with all cryptocurrencies taking a hit, Digitex will certainly see a surge as we come up to the mainnet launch. What makes the Digitex exchange so disruptive is that the exchange will offer zero-fee trading, made possible by utilizing our base cryptocurrency, the DGTX token

This is huge, as percentage-based trading fees add up over time, and take away from making any actual profits. As more users are attracted to zero-fee trading, there will be more demand for Digitex tokens. Digitex is able to accomplish zero-fee trading via a three-stage financing model, rather like seed financing in a traditional company.

Our first phase was our sell-out ICO in Jan 2018, in which over $5mn of ETH was raised. The second phase is currently in action. It is called the Digitex Treasury and is an ongoing token sale in which we locked up 10% of DGTX supply (100mn tokens). 10mn DGTX tokens are released every quarter and the sale of these goes toward financing our operations. This will last for two and a half years until the end of 2021.

From the start of 2022, Digitex proposes to increase the amount of circulating DGTX by a very small percentage through a process called token minting. This will have a slight inflationary effect on the DGTX token, however, instead of having a set amount of inflation, users will democratically vote on the percent increase. This gives the Digitex protocol immense flexibility for the future.

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 Futures Is an Exchange with a Difference

Unlike most cryptocurrency exchanges, Digitex is creating a commission-free futures exchange. The futures (or derivatives) space has grown enormously in crypto over the past years since it allows traders to speculate on the future price of an asset by trading long and short futures contracts. If a trader is long, they expect the price to increase over time. As you’d expect, if a trader is short, they expect the price to decrease over time.

In order to “short” cryptocurrency on a normal exchange, you would need to move into Tether, which has issues of its own. Also, this only allows for 1x leverage. BitMEX is currently one of the highest volume cryptocurrency exchanges out there partly due to traders’ ability to use leverage. In fact, BitMEX has consistently broken trading volume records in the space, accompanied by platforms like OKEx, Huobi, and Binance. 

While all exchanges offer slightly different propositions, these are all fee-charging exchanges. This renders aggressive trading strategies like scalping impossible for most traders since their profits are eaten up by commission fees. A fee of 0.075% may not look like much, but if you’re trading with100x leverage, that quickly becomes 7.5%. This can wipe out a trader’s small profits. 

In contrast, by being commission-free, Digitex allows traders to place orders over and over again and trade to their heart’s content without incurring a single fee. This will create active liquid markets that will attract more and more traders and increase the demand for the DGTX token. 

What separates DGTX tokens from the rest of the cryptocurrency space is the real demand for the tokens due to their utility. Even though DGTX is a utility token, this does not stop them from having a price increase in the future. As demand rises for the token, the natural laws of supply and demand will apply.

Traders will also be attracted to our rapid-fire one-click trading ladder that allows them to save time and place orders with a single mouse click. This is a first for the crypto space and will surely set a trend in user experience as traders see just how much more convenient and fast trading with a ladder is.

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

So, even though the market is down right now, that gives traders even more reason to trade on the Digitex platform when the mainnet releases on April 27. Be sure to get practicing on the beta version so that you can hone your skills and prepare to make money even if the bear market continues.

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