Quote from: MustCoins on December 26, 2017, 11:00:37 PM

Hi! This exchange looks promising.. I took a look at the video, it reminds me a little bit of EtherDelta, but I'm still intrigued by the zero fees and the idea of being able to use bots for trading within the exchange without having to sign-up for third-party services. Good luck!

thanks mate

Yes there will be zero transaction fees on all trades, maker or taker, because the exchange covers its costs through new token issuance instead. This is possible because DGTX tokens are the native currency of the exchange in which all account balances and trading profits/losses are denominated, and therefore they are in demand from traders who want to trade with zero trading costs. Other futures exchanges that have account balances denominated in Bitcoin cannot utilize token issuance and must use transaction fees to generate revenue, which penalize active traders and stifle liquidity by discouraging trading activity.

But there ain't shit for free - new token issuance comes at a cost of a small inflation rate on the value of DGTX tokens which is borne collectively by all DGTX token owners. For example, if we need to create 50 million new DGTX tokens in a year to cover costs, this is a 5% increase in the DGTX supply of one billion DGTX tokens which will theoretically cause a 5% drop in the value of DGTX.

However, this small inflation rate of a few percent is what pays for a highly liquid futures exchange with no trading costs whatsoever. Such an exchange will attract thousands of traders who must own DGTX tokens to participate, and this demand for tokens will create a DGTX price rise far greater than the 5% that it cost to create that demand.

DGTX token owners will vote through a system of Decentralized Governance by Blockchain to determine how many new DGTX tokens must be created each year to cover costs. This way, it is the DGTX token owners themselves who are determining the inflation rate they are happy with in order to fund the exchange which provides the utility and demand for the DGTX token.