YFX successfully closed a strategic fundrasing round, lead by NGC, along with SNZ
YFX.COM, a cross-chain decentralized perpetual contract trading platform, announced the completion of strategic investments involving NGC, SNZ, DFG Group, Bixin Venture, Youbi Capital, Spark Digital Capital, Winkrypto and many other institutions.
Since January 2021, YFX.COM has now completed the launch of ETH(layer2), BSC, Heco, Tron mainnet, and OKExChain testnet. It can provide up to 100 times perpetual contract transactions for BTC, ETH and other assets, and has passed many times. Certik smart contract security audit has realized the decentralized deployment of derivatives transactions.
DeFi cross-chain derivatives trading platform YFX.COM announced the completion of financing.NGC, SNZ, DFG Group, Bixin Capital, Youbi Capital, Spark Digital Capital, Winkrypto and many other investment institutions participated.
This round of financing is the capital market’s recognition of YFX.COM’s own strength and development potential, and it will also give the YFX.COM brand and industry influence.
In addition, YFX.COM stated that the platform will use funds for product innovation and expansion of the global market. YFX will additionally add further new assets and functions to derivatives, polish the depth of the product and provide the industry with high speed, low cost and safety. Decentralized DeFi products support project marketing and promotion, strategically invest in international growth markets and continue to complete the formation of global market teams.
Since January 2021, YFX.COM has completed the ETH (layer2), Tron, Heco, BSC mainnet and OKExchain testnet. YFX has realized the fully decentralized deployment of transactions and started the first stage of creation mining and now has begun the second stage. In the first stage of Genesis Mining, the 24H transaction volume exceeded 1,000 BTC, and the cumulative transaction volume exceeded US$1.44 billion. The second stage of Genesis Mining is currently underway, with the highest 24H transaction volume exceeding US$1.76 billion.
At present, YFX.COM has successfully passed Certik’s second smart contract security audit, escorting the smooth operation of the project. YFX.COM is committed to eliminating security risks in every link and becoming a technical benchmark in DeFi and even decentralized derivatives.
Audit report link: https://certik.foundation/projects/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. It 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:
Website: https://www.yfx.com/
Twitter: https://twitter.com/YFX_COM
Medium: https://yfxdefi.medium.com/
Telegram: https://t.me/YFX_COM
Discord: https://discord.gg/xwAtjpabC5
Media Contact: media@yfx.com
