PRESS RELEASE. YFX.COM is the world’s first decentralized inter-chain exchange for perpetual contracts. Although there are other trading platforms that offer alternative leverage, YFX.COM is a revolutionary alternative to centralized trading and trading perpetual futures without a central broker. YFX.COM does this by using different protocols in the cryptocurrency landscape.
With the culmination of blockchain protocols, YFX.COM allows traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100x leverage. These cryptocurrencies are currently tradable through these blockchains: Ethereum, Tron, Binance Smart Chain, Heco, OKEx Chain and Polkadot.
With the introduction of QIC-AMM, a state-of-the-art protocol, YFX.COM offers users of our ecosystem high liquidity with low slippage. QIC is the abbreviation for Quoted Index Price. CQI obtains quotes from central exchanges and traders can open and close positions with our first automated derivatives market maker. The CQI is calculated using the dynamic depth of the index, the price quotation and the constant integral. Trading depth is correlated with the liquidity volume of the market maker’s capital pool. This combination of protocols makes YFX.COM an effective leveraged trading platform.
Moreover, YFX.COM is able to achieve all this without KYC and without gas fees. As many traders know, the price of gas has been a serious problem lately. The elimination of fuel costs gives YFX.COM another big advantage over all its competitors. It also allows traders to trade efficiently and lock in profits without incurring heavy losses due to expensive network charges. YFX.COM has achieved near-zero network overhead by using a Layer 2 [L2] scaling solution, the xDai circuit. The xDai stable chain is an Ethereum side chain and is currently much more efficient than the ETH backbone. Transactions are more convenient and the cost is a fraction of that of the ETH backbone.
YFX.COM has won first prize in the Tron 2021 global hackathon.
Last week, YFX.COM also won first prize in the Tron 2021 Global DeFi Hackathon developer competition. This is an amazing accomplishment and YFX.COM is grateful for this opportunity provided by the Tron Foundation and Justin Sun. YFX.COM is committed to the Blockchain space and looks forward to participating in other events to promote the sector.
Genesis Mining II
The YFX.COM Genesis Mining II (UTC+8) event kicked off on the 6th. April at 8 p.m. The event runs until the 16th. It is a contest between traders and miners to win YFX.COM chips [which are not available anywhere else on the market]. In just 12 hours, trading volume has reached over $1 billion and our cash reserve is over $10 million, surpassing the activity of Uniswap.
The CertiK audit is over
Moreover, CertiK recently conducted a security audit of YFX.COM. Traders and users of our platform can rest assured that the protocols are up to standard, as YFX.COM strives to provide the best product for the user experience.
Press contact: [email protected]
This is a press release. Readers should do their own due diligence before taking any action regarding the advertised company or any of its subsidiaries or services. Bitcoin.com shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services mentioned in the press release.
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