Since the 9th of October 2018, the platform has made provision for holders of about 2,500 TIOx or more to freely enjoy the achievements of the platform daily. That is, the success of the launch of trade.io’s most innovative lending facility ever created, it’s called the trade.io Liquidity Pool (LP).
The system of the pool allows you to earn interest by lending a ratio of your TIOx (trade.io token) to assist in keeping the Exchange running smoothly in the aspect of its liquidity. Fortunately, there has been a rapid response to this modern innovation, individuals have contacted the platform from all over the world to find how to participate.
The Liquidity Pool is a huge innovation to the Crypto space, It’s necessary that the public should fully understand the mechanics of the LP, as well as the awesome benefits individuals could enjoy by participating.
Having that in mind, I shall be summarizing some facts and background on the Liquidity Pool. Let's start off by explaining the concept of LP.
What is the Liquidity Pool?
As I said earlier, trade.io’s LP is a lending facility, it is seen as a pool of finance that is used to facilitate financial services on the trade.io exchange platform which includes offering a high volume of liquidity in the industry, and also the loans are available to margin traders on the exchange.
• After every daily contribution of TIOx to the LP, users will be given interest for their participation. It might interest you to know that participants will receive back the exact amount of TIOx once they choose to exit the LP.
• Note that Interest is paid in any cryptocurrency according to whichever crypto trade.io has in excess after their daily trade with the loaned TIO for that day. This implies that your interest could be remunerated in any Cryptos such as BTC, ETH, TIOx, or any other cryptocurrencies at their discretion.
Steps About How To join trade.io
After all said above, it is realized that the TIOx token is a major key to accessing the LP. The least amount required for one to participate is 2,500 TIOx, the more TIOx you offer, the more interest you receive. Joining the pool couldn’t be simpler. Below are steps of how to join the pool;
Step 1: Login to exchange Here.
Step 2: Complete KYC(Know Your Customer) verification which can last for up to 24 hours. LP cannot be accessible until your account is verified.
Step 3: Click on the LP tab on the top of the exchange as soon as it becomes available.
Step 4: You will have to agree to all the LP terms & conditions provided, to be able to continue.
Step 5: After accepting the terms & conditions, you will be directed to the LP service area.
To join the liquidity pool, simply sign up or log into the trade.io and verify your account by uploading your required documents on your profile.
This is something new and has never been done. This innovation by the platform is aimed at supporting the liquidity market though participants are benefiting as well. The platform will distribute the profits on a daily basis; this will benefit all who seek faster earnings from trading. It is transparent and reliable for investors to venture into it.
Disclaimer:
This shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money investing in cryptocurrencies. The information above is for educational and entertainment purposes only.
If there’s anything more you wish to know, or you just want to get in touch with the platform through the team or the other members of the community, come join these channels below.