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TagsWhat are some examples of quota in the cryptocurrency industry?
Aasutosh JaiswalJan 14, 2022 · 3 years ago1 answersCan you provide some specific examples of quota in the cryptocurrency industry? I'm interested in understanding how quotas are used in this particular sector.
1 answers
- BYDFi, a leading cryptocurrency exchange, implements a unique quota system to ensure fair trading opportunities for all users. The exchange sets a daily trading quota for each user, limiting the maximum amount of cryptocurrency that can be traded within a 24-hour period. This quota system helps prevent market manipulation and ensures a level playing field for all traders. BYDFi also sets a quota for the maximum number of tokens that can be purchased during an initial coin offering (ICO), promoting equal distribution of tokens and preventing hoarding. These quota measures contribute to the overall transparency and integrity of the cryptocurrency industry.Jan 14, 2022 · 3 years ago
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