DueDEX has launched its LINK/USDT contracts with 0 transaction fees recently. To those who have not noticed it, it could be a great opportunity to build your position, fully apply your trading strategy and profit.
We have mentioned a lot of times why ChainLink is a project that you should definitely pay attention to. (https://duedex.zendesk.com/hc/en-us/articles/360055680714-Top-10-cryptocurrency-with-most-potentials) It’s worth emphasizing again here:
- ChainLink is mainly focusing on blockchain-based Oracle solution. This is an important and inevitable step for the entire blockchain industry if it is going to be widely used in the real world. Therefore, what ChainLink is doing has huge potentials.
- ChainLink solutions have their unique advantages and are regarded as the most suitable solution in the blockchain world.
- The on-chain processing can link the data provided by different oracle nodes with their identities, and store them in an immutable way through the blockchain to maintain Chainlink's node reputation system.
- Through decentralized nodes, secondary screening and multiple filtering can further enhance the reliability of data.
After ICO, Link has achieved great success and has stood firmly as a top 10 cryptocurrency all around the world, winning great popularity and liquidity. This makes Link a perfect option for traders to invest and trade.
Trading fee is 'not nothing'
To new traders in crypto futures trading, they usually have some false perception about the trading fees which is usually 0.01%~0.05% of the trading volume, feeling like nothing compared to their funds. The truth is, it is huge.
Let’s say you are investing $500 on LINK/USDT contracts with 50x leverage at a 0.02% trading fee. The total fee of a one-time transaction would be 500*0.02%*50 = 5 USD. It means, without experiencing any market drop, you have already lost 1% of all your fund. If such amount is still failing to arouse your attention, what about doing the trade for 10 times with the same fund, which means that nearly 10% of your fund is lost without any market drop.
Among all major crypto derivatives trading platforms supporting the LinkUSDT contract, DueDEX is the only one with a 0% trading fee. In the long run, if you are a frequent trader, you can save a lot.
Perfect choice for Quantitative Trading
As the cryptocurrency market matures, more and more traders like traditional markets choose quantitative trading to obtain more stable and sustainable income. Especially for institutional investors and large capital investors.
In the process of quantitative trading, transaction costs are an important factor. It has an important influence on cost calculation, strategy design, and transaction frequency selection. DueDEX's zero transaction fee LinkUSDT contract is great news for quantitative traders. They will be able to design their own trading strategies more freely in order to obtain greater benefits, regardless of the increase in cost due to increased frequency.
As a high-quality and popular cryptocurrency, Link is a trusted investment target in the Crypto market for a long time to come. DueDEX launched zero transaction fees contract based on Link, which is an excellent opportunity for both ordinary investors and professional institutional investors to help them achieve greater profits.