The Bad Crypto Podcast — Digitex Spotlight
Joel Comm and Travis Wright of Bad Crypto Podcast interview Adam Todd about the latest developments and news with the Digitex Futures Exchange project. Download the podcast and tune into this exclusive episode!
Digitex Futures uses blockchain technology to eliminate transaction fees, decentralize account balances and govern itself autonomously.
Traders speculate on the price of Bitcoin against the US dollar, but their trading profits and losses are paid out in DGTX tokens. This means that traders need DGTX tokens to enter a trade, and this creates demand for DGTX tokens from traders.
Digitex covers the cost of running the exchange by creating a small number of new tokens each year instead of charging transaction fees on trades. Commission-free futures markets on a stable, fast and secure trading platform will attract large numbers of traders who must buy DGTX tokens to participate, creating increased demand for DGTX tokens that offsets the small inflationary cost of creating new tokens.