Digitex - Decentralized Democratic Exchange
WHAT IS DIGITEX?
If someone were to build a state he/she would need a few thing. Basic elements are Population, Territory, Sovereignty, Government etc.
On that basis if someone were to build a decentralized exchange system it would need a population(user), it would have a specific location on the internet, it would fluid and influential in other cryptos, and it would need a governing body.
Digitex fulfils it all. It is based on blockchain technology, it has a user base, and its fluid. The users vote on the prices and creation of tokens. Thus, without being centralized the currency has a democratic system. That way with best interest for themselves (users) in mind the platform stays afloat.
Here is a comparision of current exchanges:
By voting on the prices of different commodities a standard is created. It is know as future. This way the currency reaches a stable state.
- Free exchange system
- Complete control on account as only you have your private key
- Stable and secure
- Transparent and autonomous
Thus, I as an active user of crypto think that digitex might change the way we exchange crypto.
Written as a submission for this contest