It's a good thing to be hear once again in continuation of share my opinions, views and about cryptocurrency projects that I found worth sharing with others. This is my little contribution towards sharing the good news of blockchain technology and its decentralized currency to the world far and near. My write up will be about (Hydax)[https://www.hydax.com/register/LOmLzH] which is a new innovative crypto trading platform created to offer best of the bests services to teeming crypto traders and investors. This write up will be about some of the current update from Hydax team and am optimistic that my readers will find it interesting.
Tron (TRX) Officially Listed on Hydax
This is a good news for crypto traders and investors especially those who have much stake in TRON(TRX). TRON(TRX) in partnership with HYDAX exchange has been listed officially on Hydax trading platform and a trading competition for Tron is going on now as am writing this article. In this trading competition, a huge amount of 10,000 HDX which is Hydax exchange token will be for the competition which started on the 7th of November and it will end on the 11th of November and this means, you only have today if you want to take part in the competition. It's better late than never, you can still be among the lucky winners. Below is the reward details:
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.
Get more information about the trading competition by clicking on this link.
Hydax's Perpetual Contract
As the crypto market continues to expand, it's now being seen the same way to the conventional financial markets. But it is even more innovative and diversified than the traditional financial markets. Centrally controlled digital assets exchanges are competing among themselves and each of them are offering better services to satisfy their customers better and some of such services include margin trading and cryptocurrency derivatives (contract trading),which include future contracts and which is a opposite of perpetual contracts. Future contracts is not new, it has been in existence for ages and the biggest future traded commodities is crude oil though futures trading started before the discovery of hydrocarbon.
Then, olden days crop producers were able to dulge against fluctuations in the price of their goods between the time of sowing and reaping as they prepare to sell them in the market of which buyers also gain from it. Future contracts trading goes beyond farm products and crude oil but the one am focusing on in this article is crypto assets like Bitcoin, BitcoinCash, Ethereum and many others. What Hydax is doing goes beyond mere futures trading of digital assets, they have came out with a better alternative to it known as Perpetual Contract which they have developed with the goal of offering better service to their traders and investors.
Contract Trading
HYDAX Perpetual Contract Features
The art of trading has gone beyond mere trying to buy low and sell high. Trading has gone beyond this just because of trader wider exposure and experience and this has changed the art of trading. Today's traders prefer to preserve the value of their assets by learning how to control risks instead of direct profiting. Below are some of features of Hydax perpetual contract service:
It's No Expiry Date: This is the edge Hydax perpetual contract has over term contracts. With this, traders and investors will have no reason to worry and they will be able to trade in an environment devoid of stress. An environment with an opportunity to hedge and to also trades as many times as possible. More so, there is no any other cost attached to it except the cost of funding which is always paid in every 8 hours of contract.
X100 Trading Leverage Possibility: The leverage trading of futures contracts is within the range of x10 but Hydax perpetual contract enables between x2 to X100 leverage. It all rely on what the traders or investors like, and the simple meaning to this is that there's a possibility of them getting same return at a cost that's more lower.
Availability of High & Antimanipulation Mechanism: The process of liquidation monitor many consecutive prices which is use to know a position that must be liquidated by making use of two separate mechanism. One, if the spot price of BTC has gone down, investors will be able to earn more futures contracts and if the spot price of Btc has gone up, investors lose their futures contract. Furthermore, even with the visible manipulation on other platforms, Hydax has made transparency to be one of their core values, so I emplore you to read more about Hydax perpetual futures contract here.
HYDAX New User Bonus Program
HYDAX just initiated a new user bonus program that started on the first of November, 2019. This program is designed of those that newly registered on the exchange platform and they will be rewarded with 50 HDX which is the token that powered the operation of [Hydax] (https://www.hydax.com/register/LOmLzH) ecosystem. They will also be assigned with a referral link which they can use to register others to the platform and whenever they got someone registered, they'll be compensated with another 50 HDX and there's no limit to how many people each user can register. This is a huge opportunity to accumulate this valuable token and be at the forefront of the development and acceptance of an innovative exchange platform.
Conclusion
Getting to know Hydax at this early stage is a great opportunity and if not handle well, such opportunity might never come again. So, my advice for my readers is to not to miss this great opportunity that life presents to them because very soon, Hydax exchange platform will be the talk of the crypto industry.
Links to Hydax Resources
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
Article Written By Ajaone
https://bitcointalk.org/index.php?action=profile;u=2587917
Use this invitation link to create Hydax account: https://www.hydax.com/register/LOmLzH