NEW YORK, April 10, 2021 /PRNewswire/ -- YFX.COM is the
world's first decentralized cross-chain perpetual contract
exchange. While other trading platforms that provide leverage
alternatives exist, YFX.COM is trailblazing a decentralized
alternative to centralized exchanges and perpetual futures trading
without a central intermediary. YFX.COM does this by taking
advantage of different protocols across the cryptocurrency
landscape.
Through a culmination of blockchain protocols YFX.COM is
allowing traders to participate in trading BTC, ETH and other
cryptocurrencies with up to 100x leverage. These cryptos are
available to be traded across these blockchains currently,
Ethereum, Tron, Binance Smart Chain, Heco, OKEx Chain and
Polkadot.
Through the advent of QIC-AMM, a state of the art protocol,
YFX.COM provides high liquidity with low slippage for users of our
ecosystem. QIC is an acronym for Quoted Index Price. QIC pulls
quoted prices from centralized exchanges and traders can open and
close positions with our first of a kind automatic market maker for
derivatives. QIC is calculated through dynamic depth of indices,
price quotation and constant integral. The depth of a transaction
is correlated to the amount of liquidity of the market maker's
capital pool. This combination of protocols allows for YFX.COM to
be the efficient leverage trading platform on the market.
Additionally, YFX.COM is able to achieve all of this without KYC
and no gas fees. As many traders know, gas fees have been a major
issue lately. Eliminating gas fees gives YFX.COM another major
advantage against all competition. It also allows for traders to
trade efficiently and secure their profits without major loss from
expensive network fees. YFX.COM has achieved nearly zero network
fees through use of layer-2 [L2] scaling solution, xDai Chain. xDai
Stable Chain is a side chain to Ethereum and is far more efficient
than the ETH mainnet currently. The transactions are more
convenient and the fees are a fraction of fees on ETH mainnet.
YFX.COM Won First Prize at Tron 2021 Global DeFi Hackathon
Last week YFX.COM also won First Prize in the Tron 2021 Global
DeFi Hackathon Developer Contest. This was a great achievement for
YFX.COM and we're thankful for this opportunity put on by the Tron
Foundation and Justin Sun. We're
committed to the blockchain space and look forward to participating
in more events to help advance this industry.
Genesis Mining II
April 6, our YFX.COM Genesis
Mining II event began at 20:00 (UTC+8). The event will run through
April 16 and is a competition for
traders and miners to compete against others and earn YFX.COM
tokens in the process [which are not available anywhere on the
market]. Through just 12 hours of trading, volume has reached over
$1 billion and our liquidity pool is
over $10 million U.S. dollars which
exceeds Uniswap's activity.
CertiK Audit Completed
Additionally, CertiK has recently completed their security audit
of YFX.COM. Traders and users of our platform can rest assured that
the protocols are up to standard as we're committed to providing
the best product for our base.
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YFX.COM - Our Protocols and Our Products Serve Users
YFX.COM - Our Protocols and Our Products Serve Users
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