YoBit.net Conducted Bitcoin Forked Token With Daily Rewards for $BTC Deposits

Recently, on October 25th, 2021, YoBit.net launched a token generation event (TGE) where they announced the name and ticker symbol of YoBit.net’s newly forked token. From October 25 to November 8, YoBit users will be able to participate in the new fork token distribution and get rewards paid in a Bitcoin forked token daily.

For each Bitcoin on their balance, the participants will be rewarded one token in a ratio of 1:1. That means if a participant has 0,05 Bitcoin (BTC) on balance, they will receive the same — 0,05 of the new crypto asset throughout the event.

YoBit.net has quite a plausible record in keeping up to its word. The previous $BTC forking event hosted on YoBit.net in 2019 also rewarded $BTC depositors with $YO tokens on the same one-to-one ratio. Following the 2019 fork and distribution of $YO, the tokens had made 15x gains in value for their holders.

The $YO token that was rewarded during the 2019 event is currently valued at over $2,500 and adds up to over $10 million in daily trade volume as of the October 2021 event.

Users who managed to join the event before October 25th created a KYC-free account and deposited $BTC are currently enjoying daily rewards of YoBit.net’s new token. On the same note, it’s also important to note that users cannot withdraw the $BTC from YoBit.net during the period of the event if they want to receive the daily rewards.

The reason why YoBit.net released this newly forked token through a TGE rewards program was to increase the token’s liquidity among BTC holders and the crypto community. Evidently, YoBit.net has gained a loyal following over the past seven years. Credit goes to its ability to provide quality services and lucrative reward programs sans KYC.

At present, YoBit.net remains the largest centralized cryptocurrency platform operating without KYC.

For more insights, you may go and watch Satoshi Stacker and Voskoin, where the platform was recently featured.

YoBit.net exchange review

Launched in 2014, YoBit.net remains one of the oldest and largest continuously operating cryptocurrency exchanges that anonymously provides its services to millions of cryptocurrency users. YoBit.net facilitates fiat deposits and withdrawals. At present, it provides more than 8,000 currency pairs of fiat and digital assets for buy, sells, and trade. YoBit.net hosts regular Initial Exchange Offerings (IEOs), staking programs, and DeFi supported liquidity pools with a user-friendly interface for an industry-leading user experience.

Social Media  :

Twitter : https://twitter.com/YobitExchange

Telegram : https://t.me/yobichaten

Media Contact : 

Contact Person : Natalie Gavrilenki

Company Name : Yobit

Email : contact@yobit.net

Website : https://yobit.net/

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.