Digitex Futures, the DGTX token powered, zero-fee cryptocurrency futures trading platform has announced a partnership with Chainlink to integrate the latter’s decentralized Price Reference Contracts on its exchange. Chainlink is known for offering reliable real-world input data for various smart contract solutions, and in this case, the company’s decentralized oracle will be helping Digitex Futures maintain the accuracy and integrity of price information on the trading platform.
Digitex has already created an accurate internal price feed based on information from trusted spot market sources as part of an index. However, it wants to further insulate the system from vulnerabilities and possible price manipulation, for which it has chosen Chainlink. The partnership serves as a milestone in the crypto industry as it the first time a centralized crypto futures exchange has relied on decentralized oracles to enhance its platform security.
Chainlink’s decentralized oracle network is a popular on-chain price reference data in the industry. According to the platform, it uses security reviewed, sybil resistant and fully independent nodes to create a shared global resource for financial applications. The oracles offered by Chainlink are used by some of the leading enterprises like Google, Oracle, SWIFT etc., and by leading smart contract development teams like Synthetix, Conflux, OpenLaw etc.
With the use of Chainlink Price Reference Contracts, Digitex will maintain a manipulation-resistant price anchor that acts as a reference to detect a deviation in asset prices on the platform. Any significant deviation of Digitex’s internal price feed from that of the global markets as available on the Price Reference Contracts can be easily detected, and appropriate measures taken to safeguard the interests of traders on Digitex Futures.
While explaining the advantages of the collaboration between Digitex and Chainlink, CEO and Founder of Digitex, Adam Todd said,
“Chainlink provides Digitex with highly reliable and transparent price feeds that protect our users against the negative outcomes of abnormal market conditions or internal complications. Using Chainlink price data enables us to deliver stronger security and performance guarantees to our users, furthering our vision to revolutionize futures trading.”
The Price Reference Contracts will be initially implemented in BTC/USD Perpetual Contracts, followed by support for additional price feeds and trading pairs as the platform launches new products. Digitex will be tightly integrating Chainlink’s oracles into the development roadmap of its soon to be launched Digitex Futures Exchange.
The Digitex mainnet is currently open; however, only around 200 users are trading while the company onboards users in small groups. Despite the fact it’s not yet fully open to the public, the exchange has already reached a notional value of $77 million volume in today’s 24-hour period. Onboarding will be ramped up to around 10,000 users in the next 4-5 weeks.
Digitex’s CEO has pointed out that onboarding in phases in this way means the exchange’s development team has an opportunity to fine-tune features and functionality before a full public launch. He states that “each new group of onboarded users has a better UX than the previous group.”
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Digitex Futures, the Seychelles-based cryptocurrency startup has announced the much-anticipated public launch of its Bitcoin Futures exchange on July 31 following months of extensive testing. Since the launch of its mainnet, Digitex Futures has been gradually adding more traders enabling them to experience the platform and also provide any feedback that can be used for […]
17/07/2020, Providence, Seychelles – Digitex Ltd, a commission-free bitcoin futures exchange, is gearing up to open its doors to the general public on July 31. After eight months of extensive testing on both the testnet and the mainnet with a limited number of traders gradually increasing each week, the world’s first zero-fee BTC futures exchange […]
The post Digitex Futures Announces Kick-Off of Public Launch with a Mammoth Trading Event and Over $250K Worth of Prizes appeared first on BeInCrypto.
03/02/2019, Providence, Seychelles – Digitex Ltd, a commission-free bitcoin futures exchange, is today announcing the launch date of its mainnet platform after receiving the green light from its development team.
Digitex Futures has launched the public beta for its platform today. Traders are now able to test the futures exchange with its promised zero-commission trading on BTC/USD perpetual swaps. Digitex positions itself as a retail-driven futures exchange, not unlike BitMEX.
Many people in the crypto space had written off Digitex Futures. The company with ambitious plans to remove commissions from bitcoin futures trading failed to deliver on its promises twice. Yet, after some very public scraps with development teams and backlash from investors, the company is gearing up for its public testnet launch on Nov.
Disclaimer: This a paid post, and should not be treated as news/advice. It’s all happening in the crypto-derivatives market right now. Hot on the heels of the news that Bakkt will launch its institutional futures platform in September, Digitex Futures has now confirmed that it will launch its zero-fee retail futures offering on the public […]
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Russian software development and smart contract audit firm SmartDec has taken over the development of the Digitex Futures platform, the team recently announced. The news comes after days of fear, uncertainty, doubt, and a 58 percent drop in its DGTX token price over the past week.
Говорят, волатильность Биткоина зашкаливает. А вы смотрели на графики альткоинов? Там творится настоящая бойня! Один токен может взлететь или упасть на 75 процентов всего за один час. И это вполне реальный пример — вчера случилась серьёзная неприятность с Digitex Futures,...
What Is Digitex Futures Exchange? The Digitex Futures Exchange is a decentralized platform for trading futures contracts (also known as derivatives or options) on cryptocurrencies, commodities, and other assets.
Like many blockchain companies, 2019 didn’t start well for Digitex Futures. In January, the commission-free, non-custodial futures exchange postponed its beta launch to pool its resources for a robust public delivery in early Q2.
Providence, Seychelles — January 16, 2019 — Digitex Futures, a non-custodial commission-free futures trading exchange, has begun onboarding traders to the Beta version of its platform. Marking exactly one year since the Digitex ICO, which sold out in 17 minutes, the ambitious crypto startup has taken CEO Adam Todd’s vision from an idea to reality […]
Bitcoin Press Release: Digitex Futures Ltd, a commission-free cryptocurrency futures exchange, presents its first ever live demo of the exchange, and announces partnership with Ethereum’s core Plasma development team, Matter Inc.
FOMO Moments Crypto markets are horizontal today; Only Digitex Futures is pumping. Cryptocurrency markets are still at the bottom following their mid-week dump. There has been no sign of a bounce back to previous levels as total market capitalization is still hovering just above $200 billion.
Digitex Futures (DGTX), the token behind a commission-free futures exchange is currently trading at $0. 14, up over 50% in the past 24 hours. This new level marks a new all time high for DGTX, which is something we rarely see these days in today’s crypto markets.
When it comes to innovative business models, Digitex Future Exchange is working to take the cake. Live from Q4 this year, traders will soon be able to trade Bitcoin, Litecoin, and Ethereum Futures with ZERO commission fees.
This week NewsBTC spoke to Adam Todd the founder and CEO of Digitex Futures Exchange. Q: At only 19 years of age you started out as a pit-trader on the London International Financial Futures & Options Exchange.
Here are a couple of truths for you. When you’ve been in the industry long enough, you get pretty tired of hearing about projects being referred to as “game-changers. ” But, at the same time, you also get better at identifying when one really is.
The Digitex team has announced that the alpha version of the Digitex Futures Exchange will be released by the end of 2018 to the top 5000 people on its early access waitlist. The entire cryptospace is eagerly waiting for the launch of the Digitex platform, and thousands of interested investors are joining the waitlist daily.
Bitcoin Press Release: The first version of the Digitex Futures Exchange will be released at the end of this year to the top 5000 people on the Early Access Waitlist. August 21th, 2018. Mahe, Seychelles.
The launch of the Digitex Futures commission-free exchange will eventually enable traders get the full value of their trade, instead of giving up a slice of their profits.
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