Ex professional Betfair trader opens crypto futures exchange with zero fees

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cortomaltese
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The exchange is digitexfutures.com
So , zero fees can happen by the yearly issuance of a small number of a native token called DGTX which is necessary for the use of exchange
Number of tokens to be issued is to be decided by the token owners .
This is supposed to be bitmex competitor and is the first of its kind to introduce zero fees in a futures exchange
Bitmex is currently the leader in crypto futures exchange with billions $ of daily volume
I see great potential here since digitex is currently hugely undervalued

Any thoughts are most welcomed
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whitesnake
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #1 on: September 09, 2018, 07:22:49 AM »
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I have bought some of these coins and am looking forward for it to grow.
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cortomaltese
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #2 on: September 09, 2018, 02:12:07 PM »
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I am on it also and eventhough i see great potential i am cautious since i have been burned more than a few times with other promising projects
Foundamentals are already here but only time will tell...
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whitesnake
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #3 on: September 09, 2018, 04:23:54 PM »
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 I agree, it looks promising -  I am attracted by the exchange which will look like a ladder of Betfair trading software and it will be commission free. I think lots of people will be having this opinion and the value of the coin will rise.
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ilovethisforum
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #4 on: September 17, 2018, 11:59:11 PM »
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I am sorry but i don't see this platform to have any future with this structure. Who will exchange his btc for example in order to buy this token and bet with it? How will he/she hedge the currency exchange risk of this token? Let's say that you have 100 euros. In order to bet to this platform you will need btc or ethereum first in order to buy their token. After that, you will bet on the price of btc/usd, for example, with their token at risk.If you win you get paid in their token. If you lose you lose in their token.  How the exchange rate of btc/usd/ dgtx is calculated? This token will be extremely more unstable than bitcoin. You will never be sure how much you are risking because of its unstable nature. Every second you are risking a sharp price depreciation of your profits.
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cortomaltese
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #5 on: September 18, 2018, 11:09:23 AM »
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I am sorry but i don't see this platform to have any future with this structure. Who will exchange his btc for example in order to buy this token and bet with it? How will he/she hedge the currency exchange risk of this token? Let's say that you have 100 euros. In order to bet to this platform you will need btc or ethereum first in order to buy their token. After that, you will bet on the price of btc/usd, for example, with their token at risk.If you win you get paid in their token. If you lose you lose in their token.  How the exchange rate of btc/usd/ dgtx is calculated? This token will be extremely more unstable than bitcoin. You will never be sure how much you are risking because of its unstable nature. Every second you are risking a sharp price depreciation of your profits.

The argument about price risk of DGTX makes total sense , however obviously you didn't read their white paper.
There's already a predicted solution that eliminates price risk by the so called DGTX Peg System
You can find white paper here https://www.digitexfutures.com/whitepaper/Digitex-Whitepaper.v.1.1.pdf
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ilovethisforum
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #6 on: September 20, 2018, 08:09:35 AM »
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Yes i didn't read the white paper. I read the section about pegging. My question is, who will be on the other side of the peg trade? Someone will have to take their currency exchange risk. If the exchange is the one, then i believe that the only way to support that system, is by inflating their currency when they will not have the btc or eth required to pay the ones that have used the pegged system. This will add more selling pressure to their currency. I just don't understand the platforms that want to create their own currencies in order to make trades. There is already a king currency(btc) use it,this will create greater adoption.
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cortomaltese
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #7 on: September 20, 2018, 08:49:50 AM »
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Yes i didn't read the white paper. I read the section about pegging. My question is, who will be on the other side of the peg trade? Someone will have to take their currency exchange risk. If the exchange is the one, then i believe that the only way to support that system, is by inflating their currency when they will not have the btc or eth required to pay the ones that have used the pegged system. This will add more selling pressure to their currency. I just don't understand the platforms that want to create their own currencies in order to make trades. There is already a king currency(btc) use it,this will create greater adoption.

My understanding is that Their native currency (DGTX)  serves two purposes 1) enabling zero fees by issuing a small number of these tokens every year starting from 2021 , 2) creating demand for this token , thus an upward pressure to its price

As for the peg system my understanding is that price locks at the time you are making the bet/trade
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ilovethisforum
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Re: Ex professional Betfair trader opens crypto futures exchange with zero fees
« Reply #8 on: September 20, 2018, 11:02:33 PM »
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Anyway maybe it will work, but there are already established future exchanges out there which they paying you to trade.
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geomak
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Hi

I' m watching this since your first post and the price now is 2x more and 5 or 6 times up from May. They now waiting for a major exchange to list the token, i believe this drives the price.

I don' t know where it is going but this was definitely a good call for some profit in this bear market. Thanks
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cortomaltese
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it's 10x ico price or more !
You are welcome ;)
Did you took profits or you are still holding ?
« Last Edit: October 06, 2018, 01:06:00 PM by cortomaltese » Logged
geomak
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it's 10x ico price or more !
You are welcome ;)
Did you took profits or you are still holding ?

I took some out and keep holding the rest to see if it can climb more by the end of the year :)
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cortomaltese
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it's 10x ico price or more !
You are welcome ;)
Did you took profits or you are still holding ?

I took some out and keep holding the rest to see if it can climb more by the end of the year :)

Nice! Seems that it can , lots of things coming , new exchange , malta summit , demo presentation and above all beta launch at the start of 2019
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maletaja
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maletaja

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just some pump and dump. Why do you need a special coin for that. BTC is enough for that
Every poker projects or casino projects have failed
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cortomaltese
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cortomaltese

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just some pump and dump. Why do you need a special coin for that. BTC is enough for that
Every poker projects or casino projects have failed

Seems you didn't got it right mate!
It's not a poker/casino project read previous posts more carefully
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