Why Digitex Futures Exchange is called the #Gamechanger
The mainnet is LIVE! The project has had a bumpy ride the last 2 years but many that have been following the #DGTX project are convinced that this is now part of the past. Since Adam and Smartdeck teamed up in April 2019 promises have been kept, deadlines have been met and the final product has been released a few weeks ago.
Last Thursday around 11PM I was checking my emails before logging off when I got an adrenaline boost:
I was one of the lucky 70 traders that has been given early access to test the platform and discover all its features. I felt like a kid in a candy store and could not wait to see how it would behave with the volatile market conditions of the upcoming BTC halving.
The next few hours I navigating through the platform discovering all the features and playing with the ladder using small trades and being amazed over and over by the speed and design. Comparing the interface with another exchange is simply not possible, you could say that the Digitex Futures exchange is from another planet.
Why ? Here are a few reasons…
The ladder
The trading ladder is by far the greatest addition to the platform compared to their competitors. Opening and closing positions happens in milliseconds without any slippage! Simply click left (buy contract) or right (sell contract) from the current price to open and close a position. The ladder also shows you in one glance the other pending orders per price level and you can easily place or remove limit orders by clicking further down/up the ladder.
A minor issue was revealed during the high volatile days approach BTC halving: the ladder moved faster than the human brain and eye could handle. It was not possible to close a position using the ladder. This feedback was forwarded to the development team and they assured us it will be addressed. Luckily, we could still use the traditional ways of opening/closing a position and we should also keep in mind that such volatility happens maybe once every 4 years?
SCORE: 9/10
Once the small visual bug is resolved and the Stop Loss / Trailing Profit features are released the ladder is perfect! You will not want to trade without!
The Design
Smartdeck’s focus must have been user-friendliness and a bad ass look. Although there are 4 different color themes available, the Digitex-theme is the only right one — the colors are stunning. Everything you want to see is available in one glance: The ladder, the chart, your positions, your balance and leverage.
Even on the main account page, called “Dashboard”, they focused on design with the letter D showing the Available vs On trade balance!
SCORE: 9.5/10
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9.5 as I am certain the next release of the product will “wow” me again, they will continue to achieve perfection!
The Functionality
I am still going through all the options of the platform, but I did test the key features:
- Trading: A game changer compared to other platforms (See The ladder)
- Account: Beside the design, all options are available to deposit, withdraw or check the history of your transactions. Another key feature here is 2FA.
- Support: Fast, professional and friendly! They understand their product and helped me right away with all my questions.
And the Digitex team has confirmed already several new features:
- Community: Clearly, they want #DFE to become a social platform with your blog, a forum or even create trading groups.
- Tournaments: Not much has been shared about this option but we can guess that in the future we can have scalping competitions among friends or across the platform and battle for prizes!
- Futures: Currently trading BTC/USD is keeping us more than busy, but it will for sure be possible to trade stocks, commodities, other crypto pairs and even indices.
- Spot: For sure high on the priority list
- API: One of the next features to be released!
SCORE: 8/10
DFE is already amazing and we know it will continue to improve the coming months and years. This is only the start!
The Fees
Together with the Ladder this turned me into a huge fan of the platform…. The fees. No complex overview of all the fees here, because the DFE platform has zero-fee based trading! This is unseen in the crypto exchange world and anywhere else. You pay 0% to open a trade, 0% to close a trade!
This concept has been a #Gamechanger for me in the last few days. Scalping has never been so easy. 1 tick trades become profitable and generate a lot of liquidity which is a win — win! Another benefit is closing a position when you have 2nd thoughts about your signal. You simply click to close the position and you reopen at a better price without paying any fees.
SCORE: 10/10
LOVING IT
In the next article I will explain what the impact is of trading with no fees compared to other platforms and how it exactly is working. This will hopefully show the true value of the #DGTX project in addition to the state-of-the-art platform. I encourage you to do your own analysis and you will realize the potential of this project and how undervalued the coin is at the moment! This is one of those opportunities you cannot miss!
