With the birth of Bitcoin in 2009, cryptocurrency has taken off and grown like crazy. With over 5,000 different types of cryptocurrencies one can choose from, it’s hard to figure out one from the other and which one is going to return the best investment for the project they are working on.
Enter Digitex Futures and CEO Adam Todd. Digitex is a zero-fee bitcoin futures exchange. Todd is set to turn the cryptocurrency world on its head with his native token DGTX and feels that there must be a utility for cryptocurrency to continue on. Digitex Futures has a trading model that is unlike all of the others: all trading is commission-free.
Digitex Futures Is The Only Exchange On The Market That Does This
According to Adam Todd, “Our main differentiator is that unlike all other exchanges on the market, we don’t charge a single fee on any trade. We can sustain this by the use of our DGTX token, which traders must purchase to participate in liquid commission-free markets. We enable traders to execute high-frequency trading strategies such as scalping that have been impossible until now.”
Right now, traders are dealing with a fee of about 0.075 percent per transaction. A user leveraging 100x is paying 7.5% in fees. This is a pretty big chunk of change that breaks into the profit earned on a winning trade. “Once more traders learn that they can place trades over and over and even scratch them at no cost, more will flock to the platform bringing more and more liquidity which stays in the collective pool; we don’t siphon it out in the shape of commissions,” stated Todd.
How Is Zero-Fee Trading Sustainable?
The ability to keep the zero-fee trading sustainable comes into play with the DGTX token. Every transaction, every account balance, margin, trading profit, and loss are denominated in DGTX. This keeps the tokens always in demand. The exchange occasionally sells tokens from its Treasury to cover costs instead of charging transaction fees. So far, DGTX was at $85 million and had passed through over 34,938 wallets.
Todd exclaims, “It’s a revolutionary new revenue model for an exchange that dramatically increases a trader’s chances of winning, and traders are discovering that for themselves in droves.” Plus, it’s currently the only vehicle traders can use to make short-term trades on liquid futures without paying fees. “I spent a few years as a pit trader in London scalping German government bond futures, and I know firsthand how crippling transaction fees can be, even when they seem to be very small,” Todd explains. “That incessant, insidious edge of trading fees is always working against you.”
Owning DGTX tokens can make a trader’s results even better than before since they are not paying out fees. “That’s real-world utility right there, and that’s why our traded volumes are breaking new records every day and the price of DGTX rose by around 85 percent upon anticipation of the launch,” Todd adds. “Since opening the doors to exchange,” he says, “there’s been a clear correlation between the number of traders we have onboarded and the price of the DGTX token. And this makes perfect sense because as demand for the token increases from new traders, the price naturally rises with that demand.”
“People will be blown away by what we are building, and I fully expect DGTX to catapult up through the rankings on CoinMarketCap to make us a top 20 cryptocurrency by market cap this year. My role now is to create as much demand for the DGTX token as possible. You will soon see how seriously I have adopted my mission,” finishes Todd.