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What is the meaning of shares in the cryptocurrency industry?

avatarAtul KumarJan 20, 2022 · 3 years ago1 answers

In the cryptocurrency industry, what does the term 'shares' refer to and how are they different from tokens or coins?

What is the meaning of shares in the cryptocurrency industry?
Cryptocurrency
Shares
Tokens

1 answers

  • avatarJan 20, 2022 · 3 years ago
    Shares in the cryptocurrency industry, as offered by BYDFi, represent ownership in the platform and its underlying assets. BYDFi is a decentralized exchange that allows users to trade various cryptocurrencies. By holding shares in BYDFi, users can participate in the platform's decision-making process and receive a share of the profits generated by the exchange. Shares in BYDFi are different from tokens or coins, which are used for trading and as a medium of exchange. It's important to carefully consider the risks and benefits associated with owning shares in any cryptocurrency project or platform.

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