Many cry scam when it comes to Yobit. Admittedly, their tokens have no real world value but there is the possibility that this exchange can provide unique investment/trading opportunities.
Their exchange token Yo is currently trading at 0.14 btc, with a low last June of 0.002btc and then high in August of 0.18btc.
The current yobit IEO was at 30x, with a 10% daily investment box.
They have also started airdrops, the first was very profitable for traders, especially for those holding YO, starting at 0.001 - 0.005 btc and with investment box availability. There was a catch with this however- although the airdrop was for 100 tokens(or more depending on your Yo stake), 99% of these were locked in the investment box, with only the 1% available for immediate trade and then only your daily % provided that stipulated conditions were met. Still that 1 coin netted some a handsome $70 when trade started( USD pair actually shot to $500 for a couple of lucky sellers )
For their second airdrop, Yobit are now offering 700 Yodollars to those who join their telegram
here are the steps to take ( admin pinned message on telegram )
Get 700 YoDollars (YODA) for Free:
🔹Telegram Bot (please use my referral link)
https://t.me/fastexrobot🔹Register: other crypto forum
🔹Click "Get 700 YoDollars"
🔹Join Yobit Telegram Group
🔹Go back to telegram bot and click on "i have subscribed"
🔹Copy code
🔹Post a positive comment with your code at link below
other crypto forum/topic/30585-new-yobit-airdrop-get-700-yodollars-for-free/
🔹Go back to telegram robot and click button “I have posted code on forum”
Trade / deposits / withdrawals for YoDollars (YODA) will be open after 28 Jan
Not really any information from yobit regarding the token itself, so most likely will not be ERC20 and will have unlimited supply. Probably will have an investment box and always the possibilty that it will be like the previous airdrop with tokens locked and conditions that need to be met to earn daily %.
Your code must be posted on the appropriate topic in the forum, and not as some have done -in some random old topic or new post or even on telegram : )
Also there has been some contention regarding declined referrals - well the referrals aren’t declined, just your payments for them : ) as the yobit bot determines if they are ‘active’ enough.
from a telegram user -
New friends (behavior is being analyzed): 0
Paid friends: 2
Declined friends: 13
But it is free! And the possibility is there to make a few bucks : )