5. Ditex token (DITEX)
At the time of the launch of the Ditex Ecosystem, there are two tokens on the Polygon Blockchain: The native cryptocurrency, MATIC, which is used to pay the fees to make transactions (“Gas”), and DITEX – a token that serves for a reward program and to pay for goods/services, integrated into the Ditex Ecosystem.
5.1. Ditex definition
DITEX is the main crypto token of the Ditex Ecosystem. Ditex token has the ticker DITEX, similar to the way USD and EUR are used as abbreviations for the US-Dollar and the Euro, respectively. As the Ditex Ecosystem is based on hybrid technology, DITEX is a crypto token created on one of the top blockchains - the Polygon blockchain. DITEX is intended to be a crypto token for everyday use.The Polygon Blockchain supports fast transactions, making DITEX particularly attractive to both consumers/customers and businesses/projects. Furthermore, the Polygon Blockchain uses an ecofriendly approach for the verification of transactions proof-of-stake (a different consensus algorithm compared to the proof-of-work algorithm used by Bitcoin, which is very energy-intensive).To foster accessibility and openness, DITEX is a free-floating and publicly tradable crypto token. Additionally, DITEX allows users and businesses to optimize transaction speed and costs while enabling DITEX transactions with online shops.To achieve its ambitions of becoming “The everyday business currency”, the DITEX embodies the following core principles:
• The DITEX is a decentralized, community-run crypto token.
• It must be ensured that in the long term, the operation of the Ditex Ecosystem is not dependent on a centralized body to maintain it.
• DITEX must be accessible and transferrable without reliance on a central entity.
• The private keys needed to control and manage DITEX lies in the hands of each user and are their responsibility. No party other than the user has access to the private keys.
5.2. Benefits for business / projects
We are living in a time that mainly benefits large corporations, along with their stakeholders and shareholders. As a result, it is quite hard for small companies to be competitive. Ditex benefits regional businesses and service providers, who will be able to save costs on transaction fees as well as administrative expenses. The advantages for merchants at a glance:
• A solution that is simple and highly convenient to use, including tools for fast low-cost batch payouts, control over the passage of transactions, and receipt of funds by clients, alongside many other features.
• Secure, decentralized crypto token.
• Fast transactions without long waiting times, as well as instant access to funds.
• Consumers and investors receive DITEX rewards immediately after accrual and payment.
• Increases profits by drastically lowering your transaction fee expenses.
• Drastically reduces fees for refunds.
• Ensures the privacy and confidentiality of your business account information.
5.3. Benefits of DITEX for consumers and clients
Some cryptocurrencies and tokens out there might suit specific utility purposes, but it is much less realistic to use them for daily business activities, and purchases of goods, and services. The Ditex Ecosystem with DITEX was born to fill those gaps and provide major advantages for its participants. The Polygon Blockchain and Ditex Ecosystem tools will make transactions more affordable and convenient.
The advantages for participants at a glance:
• Quick, reliable, and easy solution.
• Receive rewards in DITEX and income in LP tokens (USDT equivalent) for using and supporting the Ditex Ecosystem.
• Special offers that are only available within the Ditex Ecosystem.
• One global currency that participants can use all around the world.
• A secure wallet app and Polygon blockchain tools that is easy to use.
• Ensures the privacy and confidentiality of your sensitive customer data.
• Safe and secure infrastructure.
5.4. Token structure
5.5. Transaction Fees
For making transactions with DITEX, transaction fees are charged.The transaction fees are paid by the initiator of the transaction. Smart contracts on the Polygon Blockchain take care of all transaction fees without the need for the cumbersome calculation of Gas fees. Transaction fees may be subject to changes to keep in line with the scale and demand of the Polygon Blockchain.
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