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YoBit.net will Run a New Bitcoin Fork on October 25.

CryptocurrencyOct 25, 2021 05:00AM ET
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© Reuters. YoBit.net will Run a New Bitcoin Fork on October 25.

The upcoming Bitcoin Fork will be held on Monday, October 25. All the users of the YoBit platform will participate in the new fork token distribution. In order to spread the new tokens among the crypto owners community, YoBit will give rewards to the fork participants.

So, from October 25 to November 8, all users will receive one token from the new fork for each Bitcoin (BTC) on their balance in a ratio of 1:1. The new coins will be distributed every day. Panama City, October 25th, 2021

For example, if the user holds 0,01 Bitcoin (BTC) on balance, they will be rewarded with 0,01 of the new crypto asset.

How to join the fork?

  • Register with YoBit.net cryptocurrency platform. (Note: There is no need to pass the KYC procedure)
  • Deposit BTC on the YoBit account. Those who do not have Bitcoin can buy it on the platform using fiat payment systems.
  • Hold your Bitcoin on the YoBit account from October 25 to November 8 to take part in the new fork coin distribution.

Usually, the free tokens distribution takes place when the new fork appears. It is aimed at attracting attention to the asset. In this way, the most successful is considered to be Bitcoin Cash (BCH), whose price now is slightly above $600.

The name and the ticker of the new asset will be disclosed as soon as the fork launches on the YoBit platform.

YoBit exchange experience: Previous forks

It’s necessary to mention that the upcoming Bitcoin fork is not the first one for the YoBit platform. The official native token of the crypto exchange – Yobit YO – has been initially launched as a Bitcoin fork. During the fork, YoBit distributed the coins to all platform traders who had BTC in their accounts on a 1 to 1 ratio in 2019.

Generally speaking, every YoBit trader has received for free a coin that has grown 15 times in price in the past two years! As of now, according to CoinMarketCap 1 YO token trades at approximately 2500$ and is characterized by tens of millions of dollars trade volume per day.

YoBit.net exchange review

The YoBit platform was one of the first exchanges on the crypto market. It sprung up in 2014 and was launched in Panama by an anonymous group of people.

The YoBit platform has managed to win the loyalty of millions of traders around the world since its introduction to the crypto community. In addition, it has already become the world’s largest anonymous centralized platform where KYC (know your customer) procedure is not required.

What makes YoBit stand out?

YoBit is a unique platform as it:

  • Provides an intuitive user interface;
  • Offers more than 8000 currency pairs for trading;
  • Conducts regular IEO and staking programs;
  • Benefits with the built-in liquidity pools and DeFi mechanics;
  • No KYC procedure;
  • Supports fiat deposits and withdrawals.

What is more, the world-famous crypto bloggers like Satoshi Staker and VoskCoin widely support the YoBit cryptocurrency exchange and mention that the platform boasts a user-friendly interface.

Note: All the prices in the article are indicated as of October 25.

Contact

Official Account: Twitter (NYSE:TWTR) /Telegram.

Disclaimer: Any information written in this press release does not constitute investment advice. CoinQuora does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. CoinQuora is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

Continue reading on CoinQuora

YoBit.net will Run a New Bitcoin Fork on October 25.
 

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Comments (6)
Валя Деревянко
Валя Деревянко Oct 29, 2021 1:27AM ET
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A great fork, I took part and a few hours ago I was credited with 0.17 tokens on my balance
Наташа Марченко
Наташа Марченко Oct 25, 2021 7:18AM ET
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fork is always easy money, thanks for the information
Yurgen Omen
Yurgen Omen Oct 25, 2021 7:18AM ET
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I already know about this fork, I transferred BTC to this exchange
Alex Popov
Alex Popov Oct 25, 2021 7:17AM ET
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Great article, maybe I will also take part in the fork
Roman Kubaev
Roman Kubaev Oct 25, 2021 6:27AM ET
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such information should be published in advance! I hope I will have time to take part
cameron landry
cameron landry Oct 25, 2021 5:10AM ET
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Cool what a great way for yobit to get a lot more btc deposits on their site by requiring btc on yobit site to participate. Genious even.
 
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