The ONYX Futures Exchange was designed to give traders their true profits without charging transaction fees. Current Exchanges make hundreds and thousands of dollars by charging users a transaction fee. This limits the trader’s true profits.
The ONYX token’s unique selling point is that they offer a commission-free futures trading environment.
The one attribute that sets ONYX apart from its competitors is that they are offering a total of 10 futures markets right from the start as well as looking to implement ETF Futures Markets in Q4 2018. They already have a demo on their website if you wish to get an idea about their platform.
The ONYX commission-free Futures exchange covers operational costs by yearly coin offerings based on the number of contracts created for the previous year and the current years’ token value, instead of charging fees for each trade. The increase in demand for ONYX tokens from traders who are fond of commission-free futures markets will help the ONYX token increase in value. The exchange is developed using a smart contract. This means your funds are in your control and not ours. The Ethereum blockchain will hold all the account balances. This unique model will provide transparency, speed, and enhanced security for the ONYX platform.
For futures trading, it is important that the trades always execute at the right time. ONYX has introduced the concept of the ONYX Market Stabilizer to solve the issue of market making. The ONYX Market Stabilizers are automated trades programmed to break even. This unique trading strategy and capital set aside helps create a liquid futures market that will have tight bids and offer spreads, even in bear market conditions.
The following benefits will be achieved with this model:
• Margin trading will be possible.
• No exaggerated transaction fees.
• 0% service charges.
• No taker/maker fees.
• Scalability of the platform.
• Platform will be reliable.
• High security to traders’ assets.
