The Digitex Futures team today officially announced the release date of the mainnet which will be 27 April 2020 respectively. From launch date, it will be possible to place commission-free trades via their official futures exchange. The beta version of the exchange has been live since the end of November and is being fully tested by volunteers.

The mainnet version will look different than the current beta version in a number of ways. Firstly, a new array of functions will become available along with a more a mobile-friendly interface and colour scheme. The idea behind the new look and feel is for the end-user to be able to make trades much more easier and to browse through the app hassle-free.

Binance, BitMEX and ByBit already offer a service to trade futures with leverage and that immediately makes them some of the largest competitors. The company expects to make a profit with its own Digitex Futures token hence the reason why trading will come at no cost to the trader.

The release will happen in phases where those with largest assets will be given access to build trade volume. Soon after, the exchange will become accessible to the general public.

The CEO of Digitex, Adam Todd, explained that it was his aim to create a futures exchange where no trading costs were charged. He raised more than 5 million dollars in 2018 through an ICO only to find out that the development of the platform was more complex that initially thought. In fact, towards the end of April 2019, it even turned out that the development team had not produced anything useful at all. This news has a rather immediate effect on the token price which plummeted from $0.12 to $0.03. Shortly afterwars, Adam confirmed that he would be assigning a new team to finish off the product.

Today, the price of Digitex Futures (DGTX) is $0.04 and there has been a rise in value of at least 14% since this news has been released to the public.

Visit Digitex and sign up to try out their trading platform very soon!