In any CEX, there is only one way for users to profit: use their experience to trade. In addition to this, traders also need some luck. But in YFX, users can profit in three ways. First of all, just like any CEX, users can trade on YFX and make profits through trading. For the trading guide, please refer to “How to trade on YFX”.
In addition, users can act as market makers. As a market maker, users can earn part of the transaction fee by providing liquidity, because the market maker acts as a counterparty, and the trader’s loss is the market maker’s income.
CEX using the order book trading model requires market makers to have a wealth of knowledge and experience in crypto trading, and sufficient funds. There is a huge threshold for ordinary users to become market makers. YFX simplifies the requirements of becoming a market maker by using QIC-AMM. With the help of QIC-AMM, users can add liquidity to the market maker pool and obtain passive income.
Finally, users can take advantage of the promotional activities provided by YFX. Whether you are a community influencer or just want to share YFX with friends, YFX will provide a 40% transaction fee as a referral reward to anyone who recommends and invites others to trade on YFX. The recommendation reward has been written into our smart contract. Users will automatically get their referral rewards after their invitees place an order.
Large CEXs like Binance have invested a lot of money in marketing to attract more users to trade on its platform. For example, Binance offers similar recommendation rewards of transaction fee for inviting new users. However, such discounts provided by CEX always require users to hold a certain amount of assets on its platform in order to receive rewards. In YFX, users can join the referral program and get rewards without investing any assets on the platform.
