YF-DAI listed on Bibox — Join our trading competition to win YFDAI!

3 min readFeb 7, 2021

Dear Community:

We are pleased to confirm YF-DAI will list on Bibox.

Bibox is a cryptocurrency and digital asset exchange domiciled in mainland China, which enables its users to trade more than 60 currencies. It offers competitive 0.1% trading fees, fee discounts for holders of its native BIX token, as well as desktop and mobile trading apps.

YFDAI is a de-centralised finance project, which launched in September of 2020 to offer its extensive user-base a variety safe financial services in crypto currencies. Its native token, YF-DAI, has received widespread acceptance, and offers generous staking and farming incentives. Bibox is pleased to provide a key exchange listing so as to encourage adoption of YF-DAI in the Asia region.

The Bibox-listed currency pair will be YF-DAI / USDT

Deposits open at 21:00 (GMT+8) on February 7th, 2021

Withdrawals open at 22:00 (GMT+8) on February 8th, 2021

Trading begins at 21:00 (GMT+8) on February 8th, 2021

Bibox/YFDAI Competitions — Win YF-DAI!

Win 13,000 USDT equivalent in YFDAI tokens for the Deposit Rewards & Trading Competition Event

Event time: 21:00 on February 8, 2021 to 21:00 on February 15, 2021 (all times of day listed are in the GMT+8hr time-zone）

(1) Deposit rewards:

During the event, the first 200 who deposit will share 3,000 USDT equivalent in YF-DAI tokens according to their net deposit amounts (deposit amount-withdrawal amount).

(2) Trading competition:

Trade to share YF-DAI token rewards worth 8,000 USDT and promotional items.

During the event, users whose transaction volume (buy volume * 2 + sell volume) ≥ 500 USDT will have the opportunity to share 8,000 USDT worth of YFdai token and promo items.

Rewards ranking explained:

1st place wins 1,500 USDT + a hardware wallet + one promo item.

2nd place wins 1,000 USDT + one promo item.

3rd place 800 USDT equivalent token + one promo item.

Those placing 4th through 50th share 2,200 USDT worth of YF-DAI token, proportionally based on trading volume.

Places 51st through 300th: each qualifying user will earn 10 USDT worth of YFDAI tokens, for 2,500 USDT in total.

(3) Net purchase to share the equivalent token rewards worth 2,000 USDT:

During the event, the 50 top-volume users based on their net purchases (i.e. purchases less sales of YF-DAI) will share in YF-DAI token rewards worth 2,000 USDT.

Please note:

1. Bonus distribution: the event bonus will be distributed within 5 business days following the event. To ascertain, please check “funds-wallet-bill”.

2. It is strictly forbidden to falsify volume or engage in any behavior that can be deemed as cheating. Any users who do so will be disqualified immediately from the competition.

3. Market-maker and other special rate accounts are not eligible to participate in this event.

4. The award amounts to be distributed are calculated based on the average price of YFDAI on February 8, 2021, as calculated by Bibox.

5. Final interpretation rights regarding all aspects of this event remain exclusively with Bibox, as permitted by law.

YFDAI TEAM

Important Links:

Governance — https://governance.yfdai.finance

Telegram Governance — https://t.me/joinchat/TjNNP9ipD9ObYLUU

Farming — https://farm.yfdai.finance

Staking — https://stake.yfdai.finance

Website — https://yfdai.finance

Telegram Community — https://t.me/yfdaifinance

Telegram Announcements — https://t.me/yfdai