Place/Date: Singapore - June 29th, 2020 at 8:20 am UTC · 3 min read
Contact: Bityard, Source: Bityard
The contract market is the main area of crypto exchanges this year, and almost all exchanges have launched their contract trading platforms. As a new member entering the market, the Bityard team believes that the key to winning the market is to provide differentiated services to users. Innovation is particularly important for platform and user choice.
According to the research, digital asset transactions are attracting the interest and attention of new users. The main concern of users is that they have too many concerns about investment in the face of diverse platforms and complex trading rules.
Bityard solved this problem and created a platform compatible with novice traders. The purpose of Bityard is simple trading of complex contracts. Institutional investors of industry leaders provide complex trading mechanisms, emphasizing their professionalism, complexity and target users. This is difficult for novice traders to understand. Bityard focuses on fostering new users, allowing more people to conduct simple and fast transaction processes, and eliminating many unnecessary procedures and processes under the premise of ensuring safety. Make trading easier. Let new users better grasp investment opportunities.
Bityard uses real-time price data from Binance, Huobi and OKEx to ensure fair prices and the best average prices. Through the exchange, users are allowed to trade anytime and anywhere. There are no hidden transaction fees. This is especially important for novice trading. In addition, Bityard’s platform rules set minimum/maximum leverage to 10X-100X for margin trading. The minimum/maximum margin is set at 5 USDT – 20,000 USDT, and the transaction fee is the margin* (leverage-1)*0.05%
O/N fees are margin* (leverage-1)* 0.045%. Below the industry standard, creating favorable trading conditions for new users.
Bityard’s friendliness to new users is also reflected in the simple registration and ease of use. Users can transfer funds between superiors and subordinates in the system, which is very convenient with the help of agents. The platform currently supports 7 types of digital assets, including USDT, BTC, ETH, TRX, XRP, XT and EOS. Bityard also supports deposits in two fiat currencies, Renminbi and Vietnamese Dong. In the near future, more fiat currencies and digital assets will be added to the platform.
The exchange is launching its native token BYD. BYD is an Ethereum based ERC-20 token and can be used to pay the trading fee and creates additional discounts for users who hold it. Users can also store BYD in their Ethereum wallet.
There is also a daily mining program that allows users to earn BYD token and other coins. After each user successful registration, you can get free Bitcoin, Ethereum, EOS, Tron, and more mainstream digital currencies for a value of up to 258 USDT.
The BYD token will be listed on exchanges for trading in near futures and users can also make a profit from it.
Bityard is the world’s first digital contract trading platform. It was established in November 2019 and is headquartered in Singapore. Bityard has raised US$10 million from the strategic investment of US hedge funds. Bityard is regulated and licensed by the Accounting and Corporate Regulatory Authority of Singapore (ACRA), the Financial Crimes Enforcement Network of the US Department of the Treasury, MTR of Estonia and the American Financial Services Enforcement Network (MSB) of Australia’s AUSTRAC.