FYD coin is the local currency that is used for Incentivizing stakeholders to support/secure the FYD chain. FYD may be used to hold value in addition to exchanging it. There is a maximum supply (650M), and holders can manufacture cryptocurrency by staking FYDcoin with any household PC or laptop. FYD coins may be monitored on a decentralized ledger or blockchain explorer that is publicly accessible online.
FYD coin is an open-sourced cryptocurrency aimed at (online) freelancers such as web developers, engineers, illustrators, authors, and online media makers. FYD coins are digital coinage (cryptocurrencies) that may be transferred from one person to another without the use of a bank (How does FYD work). FYDcoin is suitable for P2P microtransactions required in the gig economy because of its fast transactions (verified in under a minute) and cheap transaction fees (around $0.0001).
What is FYDcoin [FYD]?
FYD is an online platform of freelancing and virtual currency fans who are collaborating to create a decentralized gig economy by using the benefits of web dApps, blockchain, and cryptocurrency. Introducing cryptocurrencies, staking, mining, NFT, and Masternodes to newbies. FYD operates its own live blockchain, has never held a pre-sale, ICO, or IEO, and is supported entirely by the community and an autonomous treasurer.
Who Are the Founders of FYDcoin [FYD]?
FYD, like Bitcoin, is not held by a single company; the project was canceled by the creator who delivered the pre-mined coins and is being maintained by a decentralized community.
Since the first week, FYDcoin has started trading on exchanges. As the project proceeded, the original creator turned the project over to the community and sold leftover currencies on exchanges. This enabled the community to invest in and stake FYDcoins, as well as set up Masternodes to create more FYDcoins.
The evolution of FYD helps society as a whole by providing a broader range of crypto enthusiasts and freelancers with a fair part of the coins without an ICO/IEO. A community wallet was created in the protocol at block 245,001 to further growth. The community voted on this.
What Makes FYDcoin Unique?
FYD leverages the power of greater cap protocols to develop a tailored solution for FYD.
Bitcoin has a limited quantity and a periodic halving that encourages scarcity, which FYD also possesses. There will never be more than 650 million FYDcoin. DASH secures the network by deploying Masternodes and providing rapid transmit and governance services. FYD enabled staking for smaller users, which is a benefit of PivX.
FYD, like Bitcoin, is not held by a single company; the project was abandoned by the creator and is being maintained by a decentralised community. Staking FYD may expose newbies to several features of cryptocurrency (limited supply, staking/minting, masternodes, halving, wallets). There isn’t a single FYD coin left that hasn’t been purchased or made. FYDcoin’s supply will be depleted before Bitcoin’s.
Where Can You Buy FYDcoin [FYD]?
If you’re looking for a place to purchase FYDcoin, the best cryptocurrency exchanges to use right now are LBank, ExMarkets, Hotbit, Crex24, and Graviex.
Frequently Asked Questions
Can I Buy FYDcoin [FYD] With Cash?
No. There is no direct method to purchase FYD using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy FYDcoin [FYD] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the FYDcoin [FYD] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact FYD price and market cap.
FYDcoin Official website – https://www.fydcoin.com/
FYDcoin Twitter – https://twitter.com/Fydcoin
FYDcoin Medium https://medium.com/@fydcoin