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

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