YFX COM Bi-Weekly Update August 16th–August 31st

YFX COM Bi-Weekly Update August 16th–August 31st


Highlights:

1. YFX.COM has started to officially join the BSC MVB III program.
2. The event of “YFX.COM Duo-Chain (BSC&Heco) Perpetual Contract Trading Competition+ Single Current Financial Management, Get 30,000 YFX Token Rewards” is over. Congratulations to those who have been rewarded!
3. YFX.COM sponsored the LP campaign held by HSwap. The prize pool for this event is $15,000.
4. The latest series of "Entering YFX.COM's DeFi Derivatives World" video on YFX.COM's official YouTube channel has been released. I hope to learn more about all aspects of your friends and learn to use YFX.COM. Friends are welcome to watch it, and if you like it Like it and forward it~
5. In order to make sure that more friends can have a quick overview of YFX.COM's fund pool income in each public chain, we have released a daily fund pool APY income list for every member of the global community. Join the YFX.COM global community for more information!
6. To make our partners in the global community have a more comprehensive understanding of YFX.COM's product trends, the "YFX Product AMA" at 14:00(UTC) every Friday continues. Welcome to join and ask your most concerned questions.

Data: 

1. YFX.COM's trading volume was $93.29 million from August 16th to August 31st. The number of transaction addresses was 3,633. The QIC-AMM mechanism of  YFX.COM created a high liquidity, low slippage perpetual contract trading environment for users and provided a safe trading experience. We believe that YFX.COM will become the best choice for many derivatives trading users.



2.  The top three trading pairs of  YFX.COM trading volume are Heco: BTC_USDT (USDT-settled); BSC: BTC_USDT (YFX-settled), ETH_USDT (USDT-settled).

3. YFX Token distribution



Project Progress:

1. YFX.COM has started to officially join the BSC Most Valuable Builder (MVB) III program.


Note: Most Valuable Builder, referred to as "MVB". The main purpose of this plan is to carry out more innovations for high-quality entrepreneurial projects on the Binance Smart Chain, gain mature industry experience and financial support, and accelerate the collaborative development of communities and projects.

2. YFX.COM sponsored the LP campaign held by HSwap. The prize pool for this event is $15,000.



3. The event of “YFX.COM Duo-Chain (BSC&Heco) Perpetual Contract Trading Competition+ Single Current Financial Management, Get 30,000 YFX Token Rewards” is over. Let’s look forward to the latest events!



4. The latest series of "Entering YFX.COM's DeFi Derivatives World" video on YFX.COM's official YouTube channel has been released.

YFX DEX 5 Chain Cross Chain Interoperable Trading with Lowest Fees in Crypto

What separates YFX DEX from other cryptocurrency AMMs and decentralized exchanges?

What is YFX’s QIC-AMM? How does this help traders on decentralized exchanges? Trading tutorial

$YFX Token Burn and YFX Open Source GitHub Update

YFX Pool APY Update, YFX VP of Product AMA Every Friday, YFX News Portal

5. The cross-chain decentralized perpetual contract trading platform YFX.COM Layer2 (xDai) "0 Gas transaction" event is ongoing, and ultra-detailed tutorials have been launched to help you quickly conduct 0 Gas on-chain contract transactions.


6. To make our partners in the global community have a more comprehensive understanding of YFX.COM's product trends, the "YFX Product AMA" at 14:00(UTC) every Friday continues. Welcome to join and ask your most concerned questions.



7. In order to let more friends have a quick overview of YFX.COM's fund pool income in each public chain, we have released a daily fund pool APY income list for every member of the global community. Join the YFX.COM global community for more information!



8.YFX Partnerships / Marketing

● YFX.COM launched CoinMarketCap(CMC) and  Coingecko.








● From August 16th–August 31st, YFX.COM global brand ambassador held a lot of AMAs in major communities. YFX.COM's global community construction has grown significantly. We hope to let more community partners understand the design concept of YFX.COM's decentralized derivatives, recent development plans and YFX.COM's latest actions.



● YFX token now can be traded on Sushiswap, Mdex, MXC, BitZ, COINBENE, Gate, BiKi, BigONE and Hoo.



9. Platform Events:

Ended:

● YFX.COM Double Chain(Heco&Tron) Perpetual Swaps Trading Competition+ LP Mining
Period: 03/06/21 12:00(UTC)- 24/06/21 12:00(UTC)

● YFX.COM & xDai Layer2: Deposit on ETH(xDai) to Get Bonus + Perpetual Contract Trading Competition to share 60,000 YFX Tokens
Period: 01/07/21 -22/07/21 
Tutorial:Detailed Tutorial on Using YFX Layer 2(xDai Network) Through MetaMask

● YFX.COM & Heco special benefits: Deposit 500U and Get 200U For Free+ Single Current Financial Management.
Period: 14/07/21 12:00(UTC) - 30/07/21 12:00(UTC)

● YFX.COM Perpetual Contract V1.0 is Open SourcedBug Bounty Coming
Period: 08/06/21 12:00(UTC)-08/08/21 12:00(UTC)

● YFX.COM Duo-Chain (BSC&Heco) Perpetual Contract Trading Competition+ Single Current Financial Management, Get 30,000 YFX Token Rewards

10. YFX Community:

The number of YFX.COM official Twitter is 28,801;
The number of YFX.COM telegram community is 32,685;
The total number of YFX.COM Chinese community has exceeded 35,000+;
This week, the YFX.COM community construction effect is obvious. As YFX.COM global ambassador said: The YFX community has spread all over the world. Many countries in the world have communities representing YFX, and we hope that more countries and more communities will join us.

Development Progress:

The final stage of YFX.COM V2.0 closed research and new version interpretation.

About YFX
YFX.COM is a cross-chain decentralized perpetual contract platform based on Ethereum, Binance Smart Chain, Huobi Ecological Chain, TRON, OKEx public chain, and Polkadot. YFX provides up to 100 times the perpetual contract trading BTC, ETH and other assets. Different from the common automatic market maker model (AMM), YFX.COM adopts the QIC-AMM market maker pool trading method to provide users with high liquidity and low trading slippage. YFX.COM has successfully supported layer2’s perpetual contract trading function. YFX.COM’s goal is to build a DEX that can compete with CEXs on the derivatives trading track.

YFX official contact information:
Telegram:  https://t.me/YFX_EN
E-mail:  Contact@yfx.com
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