Your Future Exchange describes itself as a decentralized perpetual trading platform. All assets are held through smart contracts. Your Future Exchange’s smart contracts are based on public blockchains such as Ethereum, Tron, and the Binance Smart Chain (BSC).Your Future Exchange claims to be the first DeFi trading platform that allows for cross-chain trade. Users can trade on the Ethereum, Tron, BSC, and Heco chains simultaneously.

Its whitepaper mentions that the centralized crypto exchange acts as a broker, exchange, and bank, with extensive rights, resulting in malevolent platform activity, such as price increases and counterfeit token trading on the platform. Your Future Exchange was created to solve these opaque capital, algorithms, and data issues. Your Future Exchange is a decentralized trading platform for everlasting contracts that are transparent. Smart contracts are used to host all funds. The company claims that the smart contract code is open source and is audited by professional organizations. In a smart contract, users have complete control over their funds and their no central authority or command.

Your Future Exchange (YFX) also utilizes automated market maker protocols (AMM), allowing traders to build a market with the market maker pool when opening or closing a position. For each trading pair, the platform establishes a matching maker pool. Users can select whether to trade or not in the market maker pool. Automated market makers (AMM) are decentralized exchanges that pool liquidity from users and price assets inside the pool using algorithms. Hence, the platform employs the market-maker pool trading mechanism to provide consumers with significant liquidity and low trading slippage.

The native token of the platform is “YFX.” YFX is used to manage the community. The platform token is released in parts via mining or market contributing to the community as a reward. The YFX team and early traders only own a small amount of the YFX token, issued linearly over the years. Holders of YFX can participate in YFX governance, the YFX community vault, and the creation of trade pairs. The total supply of YFX is 14,000,000 coins.

Actualizamos nuestro Your Future Exchange a EUR en tiempo real. Obtén el precio de Your Future Exchange actual en Coinbase.