Hydax Listed Tron, Launched Perpetual Contract and New User Bonus Program

oluwatosin10 (41)in #blockchain • 4 years ago

What matter most to all of us in cryptosphere is the adoption of this decentralized currency in all spheres of life and this is the reason why virtually everyone in the industry are aggressively doing what is needed of them in order to bring this lofty dream to reality. The concerted efforts of everyone in the industry has aggravated the demand of cryptocurrency and the overall expansion of the crypto market. A well-known crypto lover Sharath Nair once said that, "as the demand for cryptocurrencies continues to increase, their rate on the exchanges will also continue to increase and because of this, the need for more innovative crypto exchanges platform cannot be overemphasized.

But even with this genuine need, there is no place for shitty and scammy exchanges but an innovative exchanges with services that are better than what we can currently found in the existing exchanges. Exchanges that are ready to serve their users better and this need is the reason why I will be introducing a new innovative and highly competitive digital assets exchange platform known as HYDAX.

HYDAX is a global digital assets exchange platform created with a goal of offering the best and quality services and top notch security for the teeming crypto currency lovers, investors, traders around the world. Hydax will go beyond crypto trading services, it will also be a disruptor in the gaming industry and power the development and growth of an economy that is being driven by digital token.

HYDAX Officially Listed Tron

Tron whose aim is develop a blockchain infrastructure for a decentralized Internet has been listed on Hydax on the 7th of this month. Tron blockchain protocol is one of the largest blockchain-based operating systems globally and it provides high performance, high availability and through-put computing (HTC) support serves as the base for all decentralized applications in the ecosystem. More so, Tron offers better compatibility for Ethereum smart contract through a sophisticated, pluggable smart contracts infrastructure.

Listing of Tron on Hydax exchange is an amazing opportunity for all Tron investors and traders. There is also an on going trading competition which anyone can take advantage of and win some Hydax token for himself. The token allocated for the competition is 10,000 HDX and below is the details of the reward:

1st : 5,000 HDX
2nd: 2,000 HDX
3rd: 1,000 HDX
4th: 600 HDX
5th: 500 HDX
6th – 10th: 180 HDX/person
TRX trading volume = TRX buy-in + TRX sell-out.

You can read more about the Tron trading competition by clicking on this link.

The Launch of HYDAX Perpetual Contract

Traders and investors continue to deepened their knowledge and interest in financial derivatives in the financial world and this is the reason why Hydax thought about the idea of adding perpetual futures to the services within their exchange platform. Hydax believes that the possibility of financial derivatives trading will soon be a much needed service across crypto trading platforms and they are ready to continue to work hard in forming Hydax contract trading communities.

Digital asset contract trading is the trading of virtual contract assets that are paid in either Bitcoin or USDT. This forms of contracts include term contracts which could be weekly, sub-weekly and quarterly contracts. The second type on contract is perpetual contracts. The main difference between the two is that perpetual contract is not time bound and it can be opened or closed at any time. Also, the income derived from perpetual contract will be paid in real time. Perpetual Contract is more advantageous to term contract. What represent each contract is one USD value of Btc and investors and traders can earn through purchasing long or selling shorts.

HYDAX Perpetual Contract Trading Model

Trading of contracts is made of two investments model which are speculative arbitrage and hedging. Speculative arbitrage make use of leverage to increase the value of funds which with the aim of increasing their profits margins. Speculative arbitrage could also fast track losses by adding more leverage. Hedge which is also refers to hedging trade make use of virtual contracts to hedge against volatility of prices of assets. This will avoid risks caused by instabilities in the price of commodity within a certain period of time.
The launch of perpetual contract on Hydax trading platform will meet the need of advanced investors. The reason for this is because there will be no need of regular delivery and with this, investors who prefer long-term investments and hedging will nothing to worry about the swapping contracts and this will save them some cost of transactions.
The leverage of traditional futures markets are about x10 while the leverage of perpetual contracts is more higher. The perpetual contracts of Hydax allows up to x100 leverage and the simple meaning to this is that there's a possibility of getting similar return at a more cheaper cost.
As I have indicated that there is no delivery date limit for perpetual contract and this gives traders an opportunity to maximize the risk hedging which can be settled at any time. Under the fluctuation of the price of 50–60% of the digital asset market, risk control can be carried out more efficiently.

HYDAX New User Bonus

HYDAX has launched a new user bonus program to compensate newly registered users on their platform. Newly users will be given 50 HDX token which is token that powered all operations within Hydax ecosystem. All users have a referral link that they can use to refer others to the platform and whenever a new user register through your code, you will be given an additional 50 HDX token totally 100 HDX. You can refer as many as you can but refferals must complete kyc before you will be compensated for your efforts in promoting the exchange.

Website: https://www.hydax.com/
Ann Thread: https://bitcointalk.org/index.php?topic=5194780
Twitter: https://twitter.com/HydaxE
Exchange Group: https://t.me/HydaxExchange
Bounty Group: https://t.me/HydaxBounty
App Download: http://52sg.vip/app.php/5599
Medium: https://medium.com/hydax