Digital Ticks ICO (DTX Token): Commodity Crypto Exchange?
There are numerous Cryptocurrency exchanges right now but they all have a few problems. They lack liquidity and that increases the impact cost while trading and makes trade difficult. They have inefficient customer service, which increases the anxiety in the users and yet cost a lot to the Exchanges. Another problem is with the security of customer’s personal details, vulnerable to hacking. Increase in new regulations, sudden spike in volumes, inappropriate infrastructure, unstable connection quality and exchanges reaching its limits in terms of order seconds contribute into Latency problems Digital Ticks is trying to tackle these problems.
About Digital Ticks
Digital Ticks is a Commodity -Crypto Exchange designed by traders for trading. It is a user friendly exchange, feature packed with ultra low latency exchange platform with robust technology for providing ease of trading.
They value and protect your privacy and the security of your wallet. Digital Ticks Exchange team has undertaken significant measure to ensure this. They have Multi Signature Wallets, 2-factor Google Authentication and DDoS protection.
Their revenue model consists of Exchange Commission Fees, Withdrawal Fees, Listing Fees and a few micro-transactions to make trading process smooth.
Digital Ticks (ICO) Details
Advantages Of Using DTX Tokens
- Trading Multiple instruments: Users can put multiple orders together in different instrument at the same time.
- Single Click Portfolio View: It is a facile process to looks at multiple instruments on a single screen.
- OCO Order: Also known as One Cancels the Other order. In this they let one order square off against another and as one order hits, another gets cancelled automatically.
- Easy and Fast Trading: Trading through mouse and use of hotkeys makes the trading process intuitive and uncomplicated.
- Volume Based Discounts Model: Digital Ticks Exchange discounted trading fees for its high- volume traders.
DTX token is the utility token for the platform which can be used to avail 50% discount on Exchange commission, to avail volume based discount, to pay for withdrawal fees, to pay towards listing fees, to pay for analytical functionalities and for strategic investment by beneficiary member of the exchange.
The token is ERC20 compliant and empowered by Ethereum Blockchain. Right now the token can be purchased by BTC, ETH and Wire Transfer. One DTX is available for 0.30 USD for their Pre Sale period which is from 25th March to 14th April 2018. The Price of 1 DTX ranges from 0.375 USD to 0.7 USD for the Public Sale Period, from 15th April to 15th May 2018. Hard Cap for the sale is $30 Million and soft cap is set to $5.7 Million.
A total of 128 million tokens will be available of which 50% will be used for Token sale, 20% goes to the founding team, 10% for the referral program, 10% is set aside for the reserves, 8% is for advisors and 2% is for Bounty Program.
30% of the funds will be used to build the Exchange Platform, 40% will be utilized for branding and marketing, 15% of the funds will be held in reserved for liquidity to be allocated as needed, 5% of the funds will be used for legal framework, 5% for the day to day operation and 5% will be used for security and auditing.
They have an appealing referral program during the DTX token sale, in which the referrer receives 5% of the amount, in tokens, purchased on the referral link.
Digital Ticks Conclusion
Digital Ticks has been very popular in the crypto community with multiple media sources covering their token sale. Its design is perfect for being adopted by novice traders, professional traders and high frequency traders.
If you want to find out more about their product or participate in their ICO, you can log on to https://www.digitalticks.com/