I have to admit, their concept is great, a hybrid futures exchange when our margin stays in our wallet.
big approach, big step. big concept.
This is what i call : Brokers from heaven, our segregated accounts is our bank accounts/wallet. Very nice concept.
I understand how futures broker makes money, (at least in forex broker ) their source of income , comes for from the loosing side (thanks for the leverage). it is the risk of leveraged products. Fair enough.
this concept is good, great, and fair.
However i was in forex industry for 8 years, enough to see a lot of brokers went out from business.because they unable to manage their risk well.
Sow how you hedge your risk?
if you have 60% buy and 40% sell, what Digitex gonna do? ?
add more sell order from broker side to keep it balance 50% buy and 50% sell?
If yes, how you can earn profit if you keep it balance 50-50?
will DIGITEX charge spreads like forex brokers do to earn some profit?
manipulating price so some of noobs trader got margin called? or their stop loss hit?
I understand futures brokers love if traders lose, and your solution for unexpected events like more traders make money, is minting new tokens?
i remember when i was first time browse Digitex site, join telegram groups . my intuitions alarming me if this project is too good to be true but i can't find out why.
And anyway i do not like their approach to give refferer 30% of deposit of refferred accounts in ether. that shit. like most MLMs and Ponzi too . and it is too big.