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

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© Reuters. YoBit.net is hosting a new Bitcoin Fork starting October 25,

Fork is scheduled for Monday 25 October. The new distribution of tokens will be open to all YoBit users. YoBit will offer rewards for participants in the fork to help spread new tokens within the crypto-owner community.

From October 25 through November 8, every user will be able to receive one token for every Bitcoin (BTC). This is a 1:1 ratio. Each day will see the distribution of new coins. Panama City, October 25th, 2021

If the user has 0,01 bitcoin (BTC) in balance, then they’ll be awarded 0,01 crypto assets.

How can I join the fork

  • Register on YoBit.net, the cryptocurrency platform. Note: You do not need to go through the KYC process.
  • You can deposit Bitcoins to your YoBit account. Bitcoin is also available for purchase on the YoBit platform via fiat payments systems.
  • To participate in the distribution of the new fork coins, you must keep your Bitcoin on YoBit from October 25 through November 8.

Most often, free tokens are distributed when the fork changes. This is done to attract attention to the asset. This is how (BCH) is regarded as the most profitable, whose current price is just above $600.

As soon as the YoBit fork launches, the name and ticker will be made public.

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. YoBit issued the coins during the fork to all platform traders that had BTC in 2019 on a 1:1 ratio.

In general, YoBit traders have received a free coin which has increased 15x in value over the last two years. According to CoinMarketCap, 1 YoBit token currently trades for approximately $2500 and has a daily volume of trade volume of tens or millions of dollars.

YoBit.net exchange review

YoBit was the first cryptocurrency exchange. This exchange was created in 2014, and launched in Panama in 2014.

Since its inception, the YoBit platform gained the trust of many traders all over the globe. In addition, it has already become the world’s largest anonymous centralized platform where KYC (know your customer) procedure is not required.

Why is YoBit different?

YoBit offers a truly unique platform.

  • Easy to use interface
  • More than 8000 currencies are available for trading
  • Participates in regular IEOs and stake programs
  • You get the benefits of DeFi and built-in liquidity.
  • KYC is not required
  • Accepts withdrawals as well as deposits in fiat currency.

Furthermore, well-known crypto bloggers such as Satoshi Stabker and VoskCoin support YoBit and point out the user-friendly interface.

Notice: Prices in this article were correct as of October 25, 2018.

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