YFX.COM Bi-Weekly Update May 16th–May 31st

YFX.COM Bi-Weekly Update May 16th–May 31st

Highlights:

1. YFX.COM launched CoinMarketCap and Coingecko.
2. YFX.COM hybrid swap trading competition + YFX LP mining + LP Token mining (MDEX) + single opened on 17th May ended successfully on 31st May. The rewards of the trading competition have been distributed.
3. YFX.COM has entered TRON DeFi ecosystem, joined TRON Genesis Mining and started YFX-TRX LP mining at SUN.io from 31st May to 7th June, with APY over 190%, ranking first.
4. YFX.COM's trading volume increased by 121.2% in the second half of May, and the trading volume in the past 24 hours exceeded $50.85 million.
5. YFX.COM was selected as DFG high-quality project.
6. YFX.COM is deploying on OKExChain mainnet.

Data: 

1.YFX.COM May 16th — May 31st transaction data is as follows, the transaction volume has exceeded $515 million ,which has increased 121.2% compared to May 1st to May 15th. The 24-hour transaction volume exceeded $50.85 million, and the number of transaction addresses is 3,327, which increased 108% compared to May 1st to May 15th, and trading amount is more than 9,200+. 

2. The top three trading pairs of YFX.COM trading volume are BTC/USDT (USDT settlement) Heco; BTC/USDT (USDT settlement) ETH; BTC/USDT (YFX settlement) Heco, accounting for 82.3% of the platform's total trading volume.
3. YFX Token distribution


Project Progress

1.YFX.COM launched YFX hybrid swap trading competition + YFX LP + LP Token Mining(MDEX) + single token from on May 17th to on May 31st. YFX hybrid swap trading competition reward distribution instructions：YFX hybrid swap trading competition reward distribution instructions

2. YFX Partnerships / Marketing
● YFX.COM launched CoinMarketCap(CMC) and  Coingecko.



● YFX.COM officially joined TRON DeFi ecosystem and was selected into the TRON Genesis Mining List. It started YFX-TRX LP mining on SUN.io from on 31st May to 7th June. Participate in TRON Genesis Mining you can receive seven token rewards including TRX, SUN, BTT, JST, WIN, YFX, and NFT.
 
●  YFX token now can be traded on Sushiswap, Mdex, MXC, BitZ, COINBENE, Gate, BiKi, BigONE and Hoo.
 
● From May 16th to May 31st, YFX.COM did 8 on-line AMAs in the global community including Block Talk, Bear King, Block Space, Decentralized Club, Crypto Titans, IM Group and Crypto Thrust, Crypto Library and so on. 

● YFX.COM was selected as DFG high-quality project.  



3.Platform events:
Ended:
● YFX Trading Competition and YFX LP MiningEvent 
period: 17/05/21 - 31/05/21
● LP(MDEX) and Single Token Event 
period: 17/05/21 - 31/05/21

On:
● YFX.COM has started YFX-TRX LP mining at SUN.io.
period: 31/05/21 13:00(UTC)-07/06/21 12:59(UTC)
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)

4.YFX Community:
The number of YFX.COM official Twitter is 22,700;
The number of YFX.COM telegram community is 23,541;
The total number of YFX.COM Chinese community has exceeded 30,000+;
At present, YFX.COM has formed a community scale of nearly 100,000+ users.
Our Telegram and Twitter numbers are soaring! Join here:  https://t.me/YFX_EN

Development progress:

1. Single token and LP mining development configuration with TRON.
2. YFX.COM double-chain (Heco&Tron) trading competition configuration.
3. YFX.COM 1.0 complete code open source and related technical documentation preparation.
4. OKExChain develops docking test.

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
Media Contact: media@yfx.com




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