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 eco-friendly 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.
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