In any CEX, users have only one way to make profit: by trading using their experience and maybe a little bit of luck to beat the market. But in YFX, there are three ways for users to make profits.
First, just like any CEX, users can trade at YFX and make profit through trading. For trading guide, please refer to ‘How to trade on YFX.’
Moreover, users can act as market makers. As a market maker, a user could earn a portion of trading fee for providing liquidity, since market maker act as the counter party, the traders’ loss is your gain.
CEX with order book trading modes require market makers to have deep knowledge and experiences in crypto trading, and as well as adequate amount of money. There is a barrier for an ordinary user to become a market maker. YFX simplifies the requirements to become a market maker by implementing QIC-AMM. Users can passively earn rewards by staking with the market maker pool thanks to QIC-AMM.
Finally, users can take advantage of the referral program offered by YFX. Whether you are a community influencer, or you simply want to share YFX with your friends, YFX offers 40% of trading fee as referral rewards to anyone who invites others to trade at YFX. The referral rewards have already been written into our smart contract. Users will receive their referral rewards automatically when their invitees place an order.
Big CEX like Binance pour tons of money into marketing to attract more users to trade on their platform. For example, Binance offers similar referral rewards in trading fees for inviting new users. But these kind of offers from CEX always require users to hold certain amount of assets on their platform to claim the rewards. At YFX, users do not have to stake any assets on the platform to join the referral program and claim their rewards.
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — —
More Information:
Website: https://www.yfx.com/
Twitter: https://twitter.com/YFX_COM
Telegram: https://t.me/YFX_COM
Discord: https://discord.gg/xwAtjpabC5
Media Contact: media@yfx.com
