Today's Digitex Futures price is $0.042874, which is down 3% over the last 24 hours. Digitex Futures's market cap is $36.58M. 24 hour DGTX volume is $1.73M. It has a market cap rank of 130 with a circulating supply of 853,250,000 and max supply of 1,000,000,000. Digitex Futures is traded on exchanges. Digitex Futures had an all-time high of $0.141340 about 1 year ago. Over the last day, Digitex Futures has had 19% transparent volume.
Digitex Futures Exchange is a cryptocurrency futures exchange without trading fees. Digitex takes advantage of Ethereum’s blockchain technology being a decentralized platform. The project team claims to provide its users with security, reliability, and speed, which help to take the opportunity of real-time trading. There are some features that seem very attractive for traders such as zero trading fees, complete privacy, decentralized account balances, decentralized governance by blockchain, one-click trading interface and automated market makers.
One-click trading interface makes it possible to place orders easily. This simplicity is based on the intuitive ladder interface which lets users submit orders instantly. As Digitex blockchain is decentralized, the exchange doesn’t have any access to users’ account details, account keys, or balances. This means that traders don’t have to trust Digitex Futures Exchange, because it is impossible to mismanage their funds.
Digitex can be governed in a completely autonomous way, and as it is mentioned in the project’s whitepaper, DGTX owners act in their own collective self-interest submitting proposals on token distribution.
Zero-fee trading attracts traders to sell and purchase futures contracts in such pairs as BTC/USD, ETH/USD and LTC/USD. The access to the platform can be achieved only with DGTX token. Before starting the trades it is necessary to have a requisite amount of DGTX, as all the trading profits and losses are denominated in DGTX.
The place of DGTX token in the project infrastructure
DGTX is a native currency of the project. It is an ERC-223 compatible utility token which plays a very important role in the project performance. It fuels all transactions on the exchange as any trader has to buy DGTX in order to make trades on the Digitex Futures. This forms the demand for the token, provides its liquidity, and also increases its price. The exchange reimburses its expenses by creating and selling a certain number of new DGTX tokens every year instead of charging transaction commissions.
The law of supply and demand regulates the DGTX value. There are two basic ways to obtain this coin. The first one is represented by Digitex Treasury. It helps to purchase DGTX easily and without commissions. It is also possible to buy DGTX on such exchanges as HitBTC, Mercatox, Switcheo, and Stex.
DGTX distribution and circulation
DGTX public token sale was taking place from January 15th, 2018, until February 15th, 2018. 700 million DGTX were sold making up 70% of the total supply which amounts to 1 billion DGTX. There were 5,200,000 USD raised in ETH, BTC, LTC, and USD.
The token is distributed in the following way: 70% were sold to the public, 10% is allocated to the insurance fund, 10% is retained in the treasury, and 10% is dedicated to the project’s team. According to DGTX Release schedule, 10 million Digitex is released at the Digitex Treasury every three months.
As DGTX is an ERC-223 token, it is possible to store it on any ERC-223-compatible cryptocurrency wallet meaning ERC20-compatible wallets as well. Metamask, Coinomi, MyEtherWallet or hardware wallets such as Trezor or Ledger Nano S are suitable for storing DGTX.
Digitex Futures team
Seychelles-based Digitex Futures Exchange was founded in 2017. Adam Todd is the Company’s founder and CEO. Being 19 y.o., he started as a pit-trader on the London International Financial Futures & Options Exchange. His further professional background includes cryptocurrency investments, real estate marketing, and trading.
Christina Comben is the Director of Communications. She is also a cryptocurrency writer at Bitcoinist.com and the owner of Christina Comben Copy Writing Services. Maxim Bashmakov is the Creative Director. He is also the CEO, founder and Art Director at Daviann and the Art Director at FTEC Foundation.Read More