Topic: Tradetex Exchange (Read 125 times)

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About The TDX Token

TDX is the native currency of the TradeTex Exchange in which all account balances and trading profits and losses are denominated. At the heart of the TradeTex Exchange is its protocol token, the TDX token. To buy or sell any Crypto currency on the exchange a trader must have a margin balance of TDX Token sufficient to cover his potential losses as in TradeTex Exchange 1 DGTX token equivalent to 1 Usd, meaning that all profits and losses are denominated in TDX tokens. As trading volumes and liquidity increase In the markets the demand for TDX by traders will also increase. Below are the key elements of the TDX token: • TDX Token is the protocol token that is the native currency of the TradeTex Exchange. • Margin requirements on each TradeTex market are payable in TDX tokens because profits and losses are denominated in TDX tokens. • Account balances on the TradeTex Exchange, which are held by an independent smart contract, are denominated in TDX tokens. • The TDX Token Sale/Initial Coin Offering (ICO) creates an initial supply of 35 Million TDX tokens. • There is no creation of new TDX tokens. • It creates high demand for TDX tokens by subsidizing commission-free markets that attract large numbers of traders who must buy TDX tokens to participate. • TDX is an Ethereum based, ERC-223 token that will be freely tradable for Bitcoin, Ether and many other cryptocurrencies on the Tradetex platform through integration with trustless, decentralized token trading protocols such as swap.tech, 0xproject.com and bancor.com.

The owner of TDX tokens has the ability to engage in the buying and selling of liquid futures contracts on the price of Bitcoin against the US Dollar, Ethereum against the US Dollar and Litecoin against the US Dollar without incurring any transaction fees on their trades and all other crypto currencies as well, If the same trader buys and sells similar contracts on any other exchange he will incur commission costs. These commission costs can be considerable for very active, short term traders. So the more active the trader, the greater the intrinsic value of TDX to that trader because every time he buys or sells a any crypto contract he is saving himself from paying a commission. A high volume, low profit margin trading strategy that loses money on every other spot and futures exchange due to commissions is converted into a profitable strategy when done on The TradeTex Exchange