TradeForYou, as the name implies, is a blockchain project which offers solutions in the area of digital asset marketplaces. Do you want to know everything about this company? If you do, just read our review about it.
What is TradeForYou?
TradeForYou is an exchange platform where people can trade financial, technology and information products as well as cryptocurrency in auction model. The main goal of the company is to provide decentralized solutions that will enable people to enhance the user experience, making it simpler, interesting and attractive.
The company understands that the online marketplace has a huge problem with the security of the sales and the auction market is not different at all. This lack of trust ends up hurting the market. By applying the blockchain technology to decentralize its platform, TradeForYou hope to improve the standards of trust in this industry. While the auction-like transaction aims to overcome the problem of cryptocurrency price dumping. The platform will allow you to sell your crypto assets at 3% or 5% above the market price.
How Does TradeForYou Work?
Every time someone puts a cryptocurrency for sale, an Auction room is formed. Once the auction room is formed, the platform system seeks to fill the room with automatic bids from people who select this option to acquire and compete while they are offline. To do this you may reserve a portion of your acquired bids to automatically participate in your preferred auctions. At the same time, people who are online and see the auctions rooms that are active can participate in giving manual bids.
Once the auction room reaches the limit of participants, the platform closes the room and processes all bids. All bids are processed and paid in the cryptocurrency being auctioned.
At the same time among all the participants are drawn a few numbers who will receive an especial prize, a JACKPOT with a minimum of 100% for regular players, and 200% for VIPs, and the larger the room, the larger the prize, as 300, 400% or more on the top of your total bids in that specific room.
The draw is processed in the Blockchain Ethereum on the next block generated after the room is closed, following the guidelines of our smart contract so the number of randomly selected draws and the percentage of the prize is totally unpredictable, transparent and verifiable.
In addition, to help with the platform TradeForYou have an ERC20 token - TFY token - that is listed on Cointrade.cx Exchange and is used to pay rewards, get discounts in the platform, pay fees and to acquire VIP status.
The TradeForYou Verdict
Is Auctionity a good platform for you? It can certainly be. If you are a seller, you will discover that this platform will be a lot more profitable than others exchange platforms, which will be great for you. Also, it does not charge high fees, so this is also a positive point for your business.
However, if you want to use to sell cryptocurrencies, you will have to register to use it as a tool to make your own auctions. Try to use it sometime to know it better and try to discover if TradeForYou is the perfect platform for you. It might just be, as this is a very good platform with plenty of potential of becoming a great platform in the near future.
For more information, you can visit these following links:
Whitepaper: https://drive.google.com/file/d/12cqKWsI1HNx2FToN1LggSvp0uIh5gYoh/view?usp=sharing
Telegram Group : https://t.me/tradeforyou_io
Twitter : https://twitter.com/TradeForYou2
Medium : https://medium.com/
Author's Bitcointalk Username: Tpq01349
Profile Link: https://bitcointalk.org/index.php?action=profile;u=1972940
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