Yes, once the Yescoin project is fully developed and the YES token is launched, users will be able to convert their Yescoin points into YES tokens. These tokens will be based on the TON blockchain and will be tradable ...Read more
Tag: Cryptocurrency
Cryptocurrency is digital money using blockchain technology, allowing fast, secure, and decentralized transactions without banks or middlemen.
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Perpetual swaps are cryptocurrency futures contracts that do not have an expiry date. They derive their value from an underlying cryptocurrency asset and allow traders to speculate on its future price movements.
The exact timeline for the YES token release has not been specified yet. The Yescoin team has confirmed that the token will be based on TON’s blockchain and will provide further details on tokenomics and the airdrop method closer ...Read more
Unlike traditional futures contracts, perpetual swaps use a funding mechanism to anchor their price to the spot market price of the underlying asset. If the perpetual swap price deviates from the spot price, funding fees are used to align them.
To withdraw Yescoin once the YES token is available, users will need to:Connect their wallet to the Yescoin game. Accumulate Yescoin points by playing the game and completing tasks. Convert their Yescoin points to YES tokens once the token is launched. Withdraw ...Read more
Funding rates are periodic interest payments exchanged between traders holding long and short positions in perpetual swaps. Traders holding positions pay or receive funding fees based on whether the swap price is above or below the spot market price.
Funding fees depend on the size of open positions and the underlying cryptocurrency asset. Traders should monitor funding rates closely as they may pay or receive fees for holding positions past the designated funding timestamp.
The Yescoin bot on Telegram is the central interface through which players interact with the Yescoin game. Here’s a detailed guide on how the bot operates and how players can use it: Getting StartedDownload Telegram: Make sure you have ...Read more
Traders must provide initial margin as collateral to open positions. The amount of collateral needed is determined by leverage and position size. Maintenance margin, which is the minimum required to hold a position, prevents liquidation triggered by insufficient funds.