Press release. YFX.COM is the world’s first decentralized cross-chain permanent contract exchange. Although there are other trading platforms that provide leverage alternatives, YFX.COM is developing a decentralized alternative to replace centralized trading and perpetual futures trading without a central intermediary. YFX.COM does this by using different protocols throughout the cryptocurrency field.
Through the final blockchain protocol, YFX.COM allows traders to participate in trading BTC, ETH and other cryptocurrencies with up to 100 times leverage. These cryptocurrencies can currently be traded on these blockchains, Ethereum, Tron, Binance Smart Chain, Heco, OKEx Chain and Polkadot.
Through the emergence of the most advanced protocol QIC-AMM, YFX.COM provides users of our ecosystem with high liquidity and low slippage. QIC is the abbreviation of Quotation Index Price. QIC extracts quotations from centralized exchanges, and traders can use our first derivatives to automatically open and close positions with market makers. QIC is calculated by the dynamic depth of the index, price quotes and constant integrals. The depth of the transaction is related to the liquidity of the market maker’s capital pool. This combination of agreements makes YFX.COM an effective leveraged trading platform in the market.
In addition, YFX.COM can achieve all these goals without KYC, and without paying for gasoline. As many traders know, gas fees have been a major issue lately. Eliminating gas fees gives YFX.COM another major advantage in fighting all competitions. It also allows traders to effectively trade and ensure their profits without incurring major losses due to expensive network fees.By using layer 2, YFX.COM has achieved almost zero network fees [L2] Scaling solution, xDai Chain. The xDai stable chain is a side chain of Ethereum, which is currently much more efficient than the ETH mainnet. The transaction is more convenient, and the fee is only a small part of the ETH mainnet fee.
YFX.COM won the first prize at Tron 2021 Global DeFi Hackathon
Last week, YFX.COM also won the first prize of the Tron 2021 Global DeFi Hackathon Developer Competition. This is an amazing achievement, YFX.COM thanks the Tron Foundation and Justin Sun for the opportunity. YFX.COM is committed to the blockchain field and looks forward to participating in more events to help promote the development of the industry.
Genesis Mining II
On April 6, the YFX.COM Genesis Mining II event started at 20:00 (UTC + 8).The event will last until April 16, and is a competition for traders and miners to compete with others and earn YFX.COM tokens in the process [which are not available anywhere on the market]. Through only 12 hours of trading, the transaction volume exceeded 1 billion U.S. dollars, and our liquidity pool exceeded 10 million U.S. dollars, which is beyond the scope of Uniswap’s activities.
CertiK review completed
In addition, CertiK recently completed a security audit of YFX.COM. Traders and users of our platform can rest assured that since YFX.COM is committed to providing the best products for the user base, the agreement complies with the standard.
Media contact: Kivi@yfx.com
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