AMA with YFX

🎙 Join us for an AMA in the @Decentralized_Club Telegram group, where our honorable guest, R. L. (Global Ambassador) from the YFX Team will be answering your questions and providing more insight about their project.

Also, stand a chance to get rewarded. 😉

📝 Guidelines:

Segment 1: Introduction (@UniqueBoyDK will interact with the YFX team).
Segment 2: Twitter Questions.
Segment 3: Website Questions.
Segment 4: Live Telegram Questions.

➖ A pool worth 100$ to be airdropped.

1) 4 best Telegram questions get 10$ each.
2) 3 best Twitter questions get 10$ each.
3) 3 best Website questions get 10$ each.

📌 In order to be eligible for any prizes, you must join YFX Official Telegram & Twitter before AMA! ‼️

➖ Date & Time: 7.06.2021 🗒 at 3.00PM (UTC) | 8.30PM (IST) | 11.00AM (EST) ⌚️

➖ Website Question Posting Link: ➡️

AMA with YFX

➖ Twitter Question Posting Link: ➡️

➖ For more details:

https://www.yfx.com/
https://discord.gg/xwAtjpabC5

📌 TnC:

▪️To be eligible for the rewards, please join the following Telegram and Twitter groups:

👉 https://t.me/decentralized_club
👉 https://t.me/YFX_EN

👉 https://twitter.com/dens_club
👉 https://twitter.com/YFX_Defi

🌍 Know more:

Home

 

 

327 thoughts on “AMA with YFX”

  1. How do you intend to make Africa benefit from YFX_Defi as Africa is an under utilised country in crypto related matters?

    • Telegram Username: @yahzii
    Reply
  2. Currently, DEX offerings don’t provide an attractive futures product to compete with the CEX offerings. For example, Centralized exchanges can offer 100x leverage on Bitcoin futures trading. DEX, however, provide only 10x leverage. Since YFX is a dex trading platform how do you tend to fix this?

    • Telegram Username: @Capt_Amsterdam
    Reply
  3. What milestones in your roadmap have been the most challenging to achieve so far and why?

    • Telegram Username: @theyasflower
    Reply
    • The liquidity of any exchange or trading platform is very important and benefial. Can you tell us liquidity process of YFX? How can we get rewards for providing liquidity during competition?

      • Telegram Username: @imwiiw27
      Reply
  4. What are your plans for longevity in the cryptocurrency market?

    Many projects have started and failed. What deliberate steps are you and the team taking to become a household name as big as Binance, FTX, or even KuCoin?

    • Telegram Username: @theyasflower
    Reply
  5. Unlike the common automatic market maker (AMM) model, YFX adopts the QIC-AMM market maker group trading method to provide users with high liquidity and low trading slippage. Can you explain how this innovative YFX QIC-AMM trading method works?

    • Telegram Username: @Josegamboac
    Reply
  6. YFX goal is to build a DEX that can compete with CEXs on the derivatives trading track. What are the innovative features that will allow you to be the number one DEX in the market?

    • Telegram Username: @Josegamboac
    Reply
  7. YFX has achieved impressive results in decentralized derivatives trading. The YFX V1 version, which went online in January 2021, has helped more than 80,000 users complete a cumulative trading volume of $ 10 billion. Why is YFX having such good results helping users?

    • Telegram Username: @Josegamboac
    Reply
  8. YFX says that all assets are held by smart contracts and are verified by professional institutions, applying DYOR’s advice, what are these professional institutions and how much control do I have over my funds in YFX?

    • Telegram Username: @alberto_vzla
    Reply
  9. It is the first time that I see a platform that supports x100 leverages, how does YFX sustain this vision within its ecosystem and why are so few platforms that accept a leverage as large as this?

    • Telegram Username: @alberto_vzla
    Reply
  10. I read that the YFX platform developed a system called QIC to fix blockchain lag issues, how does this system work and how does this run when there is a lag in the chains? Does this apply to all strings?

    • Telegram Username: @cleotilde1
    Reply
  11. Generally, platforms that offer high levels of liquidity also have high levels of high slippage, which is a big problem. How does YFX offer good liquidity but maintain low levels of Slippage?

    • Telegram Username: @cleotilde1
    Reply
  12. 👁️‍🗨️The YFX technology use an element with the name QIC-AMM, so can you tell us what are the differences between this model an a typical AMM?

    • Telegram Username: @JoanaZ
    Reply
  13. On your platform users can choose between two modes which are the Trader and/or Market Maker mode.. what are the differences between this two modes and how do users earn from each of this two modes

    • Telegram Username: @Jonahapagu
    Reply
  14. Recently YFX.COM and FILDA Reached a Strategic Partnership can you explain the details of this partnership, what does this partnership bring to the table for YFX

    • Telegram Username: @Jonahapagu
    Reply
  15. To avoid delay and uncertainty on blockchain, YFX invented the QIC price quotation system to guarantee trading efficiency and fairness… can you explain how the QIC price quotation system works and how it is important to YFX platform

    • Telegram Username: @Jonahapagu
    Reply
  16. YFx as a Defi trading platform that is compatible with Ethereum, Tron, Binance Smart Chain and Huobi Heco. How do you manage to achieve good interoperability between all these chains ?And By having so many cross chain, the transactions are not slow?

    • Telegram Username: @kimboris
    Reply
  17. I read that YFX uses something called “QIC-AMM” Can you briefly explain us what is this exactly? Which unique benefits brings you use this technology?

    • Telegram Username: @kimboris
    Reply
  18. I checked your website and its amazing you’re offering such low costs in fees for trading, how do you distribute and manage these fees to improve and develop the main features on your ecosystem?

    • Telegram Username: @Antoni_azx
    Reply
  19. I could see on your website that YFX has no interest in asking users for personal data or KYC, so we just have to connect our wallets? What wallets are compatible to trade on your platform?

    • Telegram Username: @Antoni_azx
    Reply
  20. On their website they mention that they have a Mining for a limited time, but could you really give us a little more details about it? And also, this mining will be carried out with a fixed timing, but will it be carried out continuously? or is it just being done just now?

    • Telegram Username: @AugusS7
    Reply
  21. You point out that YFX invented the QIC price quotation system, which will avoid delays and uncertainties in blockchain, but will be fully capable of solving all the existing problems in YFX futures trading?

    • Telegram Username: @AugusS7
    Reply
  22. One of the big problems of trading in futures is the big risks of liquidation due to big swings, but if YFX manages to reduce those risks, then can we keep our trades open regardless of big momentary falls in the market? If so, how will you avoid closing operations?

    • Telegram Username: @KASG95
    Reply
  23. I understand that YFX will be the first Defi trading platform that supports cross-chain operations, where the user can choose which chain to operate on, but can YFX really regulate the gas rates used in those chains? or will that depend on the blockchain itself?

    • Telegram Username: @KASG95
    Reply
  24. Although it is true, it is that with YFX it is possible to operate on different blockchains, but will all the tokens of those chains really be available to operate in futures? Or will only a few tokens that are already recognized really be available?

    • Telegram Username: @Manzanog
    Reply
  25. You point out that the maximum position that a user can have is correlated with the Market Maker Pool, but could you really explain a little more what you mean by this? How Market Maker Pool can determine which will be the maximum position?

    • Telegram Username: @Manzanog
    Reply
  26. With the current market conditions, many users have stopped having long positions, so do you think that the demand of users to use YFX can drop considerably? Or despite this, YFX provides tools that will allow you to take advantage of these market conditions?

    • Telegram Username: @Gutike95
    Reply
  27. Could you tell us a little about your Market Maker Model? really what characteristics does it have? And how can it provide facilities and great benefits to operators in the future?

    • Telegram Username: @Gutike95
    Reply
  28. When can I withdraw funds from the Market Maker Pool?
    Market maker pool = frozen amount + unused funds + unrealized P&L. Currently, up to 60% of the funds in the market maker pool will be used for margin, these funds will be locked by the smart contract when the user trades with the market maker pool. The remaining funds (40%) are used to provide liquidity to a group of Market makers. If the funds are insufficient for liquidation use, the user has to wait until the margin is disbursed. Then when will the margin be disbursed, is there a certain grace period or have to wait for additional market creation from other users?

    • Telegram Username: @d1rman_19
    Reply
  29. Collaboration is one of the important aspect of a project to it’s huge success. So do you have plans to work with multiple projects in the near future? If so, can you tell us your future plans regarding with this matter????¿?????

    • Telegram Username: @UbaidBihs
    Reply
  30. who had the first idea to project YFX ? what is the rationale and team spirit to develop YFX so that it can compete and accept the market?

    • Telegram Username: @Dorcas_samarinda
    Reply
  31. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set.
    What is your strategy to attract new users and Investor to Your platform and keep them long term ?

    • Telegram Username: @sobincrypto
    Reply
  32. Cooperation and partnership is one of the most important issues to help develop a project. Can you tell us about your existing partnerships, the partnership plans, and what people can gain from these partnerships? ?

    • Telegram Username: @Jemtran
    Reply
  33. It’s hard for investors to trust and invest in new projects lately and most the project have claimed to be falsified, How do make investors trust your platform?

    • Telegram Username: @Jemtran
    Reply
  34. Are you attracting only people from the cryptocurrency field to your project? Who is your target audience and how many users do you already have? Thank you

    • Telegram Username: @Jemtran
    Reply
  35. YFX invented the QIC-AMM price quotation system. How does this model help ensure trading efficiency and fairness? How does your QIC-AMM model differ from the AMMs we already know and what additional functions do these QIC-AMMs have within YFX?

    • Telegram Username: @Thomas23P
    Reply
  36. You are the first DeFi Trading platform that supports 100X leverage. Do you think that in the future this leverage could increase depending on the needs of the market or your platform, or is this parameter absolutely fixed?

    • Telegram Username: @shitosan
    Reply
  37. The information I can take from your project is, that YFX created a QIC quote system to ensure efficiency and fairness of trading and to avoid delays and uncertainties on the blockchain. can you explain how this QIC system works and completes to complete customer orders?

    • Telegram Username: @Crypto_FansS2
    Reply
  38. On the web page, YFX has a genesis mining feature? How can users use this feature and what are the requirements?

    • Telegram Username: @Crypto_FansS2
    Reply
  39. YFX offers traders the ability to trade leveraged at very low fees. What kind of technology does YFX have in place to ensure that traders don’t get stuck with high fees on the chain and also don’t suffer the high exchange fees that CEX imposes on users ?

    • Telegram Username: @Crypto_FansS2
    Reply
  40. Stake and farm systems became very popular. Is there a farming and staking program for your users?

    • Telegram Username: @sampurna19
    Reply
  41. You said that YFX The first Defi trading platform supports Ethereum, Tron, Binance Smart Chain and Huobi Heco. but why did you missing out polka dots or do you have future plans to be in polka dots too?

    • Telegram Username: @sampurna19
    Reply
  42. The crypto world is still very difficult for most lay people to understand, especially those who came last. so what is the role of YFX in this, what do you think can help people to more easily understand the crypto world and especially for those who come to your project, How easy is it to use YFX ?

    • Telegram Username: @sampurna19
    Reply
  43. Certik did the audit of your smart contract according to your site. Do you have plan to make your own audit without helping of other security agencies?

    • Telegram Username: @imwiiw27
    Reply
  44. Metamask is a common wallet of YFX, it accepts other 3rd party wallet, connect to YFX just like you connect to UNISWAP. So my question, do have plan to have or make your own wallet just like other?

    • Telegram Username: @imwiiw27
    Reply
  45. YFX invented the QIC price quotation system. What are the key strengths of this QIC price quotation system that makes it stand out among other existing quotation systems?

    • Telegram Username: @Kerzy_F
    Reply
  46. YFX Defi has a System De-Risk mechanism in which there is no systematic liquidation under extreme market swing. So,can you explain more about this mechanism if how it works? So with market volatility,how wi this mechanism become useful?

    • Telegram Username: @jobel4
    Reply
  47. As a decentralized future trading platform, is there any risk management control can you offer especially to future traders in YFX? What are the best feature of YFX future trading that cannot be found to other platforms?

    • Telegram Username: @jobel4
    Reply
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