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View ChartFYDcoin (FYD) is an open-source cryptocurrency built on its own native blockchain, designed primarily for digital freelancers such as web designers, programmers, animators, writers, and online content creators. The project positions itself as a decentralized gig-economy ecosystem where freelancers and crypto enthusiasts collaborate using web dApps, blockchain technology, and cryptocurrency. FYDcoin emphasizes fast transactions confirmed under a minute and low transaction fees under $0.0001, making it suitable for peer-to-peer microtransactions. The coin operates on a Proof of Stake X11 consensus algorithm and features a finite maximum supply of 650 million FYD. FYD has never conducted a pre-sale, ICO, or IEO, and is funded by its community and an automated treasury. The project was initially abandoned by the developer who sold the pre-sale, and it now operates as a decentralized community-driven initiative without a single owning entity. FYD also focuses on educating newcomers about cryptocurrency, staking, mining, NFTs, and Masternodes.
FYDcoin is not owned by a single entity, similar to Bitcoin. The project was initially abandoned by the developer who sold the pre-sale, and it has since been carried forward by a decentralized online community of freelancers and crypto enthusiasts. Detailed public information about the original founding team is currently limited. The project is now community-driven, with development funded through an automated treasury mechanism rather than a centralized company or foundation. This structure aligns with the project's broader mission of decentralization and community ownership.
FYDcoin operates on its own live blockchain using a Proof of Stake X11 consensus mechanism. Transactions are confirmed in under a minute with fees below $0.0001, enabling rapid peer-to-peer microtransactions without the need for a trusted third party such as a bank. The network supports both staking and Masternodes. Starting from block 245,001, 10% of every block reward is automatically redistributed to a community treasury to fund future development. Of the remaining block rewards, 70% goes to FYD Masternodes, which require a collateral of 400,000 FYD, and 20% goes to users who are staking FYDcoin. The coin has a finite supply and undergoes yearly halving, functioning as a store of value. Governance is conducted on-chain in a decentralized manner.
FYDcoin distinguishes itself through its focus on the gig economy and freelancer community. Unlike many cryptocurrencies, FYD has never held a pre-sale, ICO, or IEO, and is entirely funded by its community and an automated treasury. It offers fast and inexpensive transactions suitable for microtransactions, which are essential for freelance workers. The project also provides a suite of native applications including FYDme, a platform connecting freelancers with clients without third-party intermediaries like traditional freelance marketplaces. FYDswap allows peer-to-peer swapping of FYD for BTC and DASH without a centralized exchange. The Proof of Stake X11 algorithm offers an eco-friendly mining alternative, and holders can stake using any household PC or laptop. The combination of a native blockchain, community governance, and practical freelance-focused applications gives FYDcoin a distinct position in the cryptocurrency landscape.
The FYDcoin ecosystem includes several native applications and tools. FYD wallet is a desktop wallet that lets users hold private keys, stake FYD, and set up Masternodes without third-party platforms. FYDme is a web and mobile application designed for the gig economy, connecting freelancers with clients directly. Staking ledger is a hardware wallet capable of hosting a copy of the FYD blockchain and staking FYDcoin without a PC or third-party service. FYDswap enables peer-to-peer swapping of FYD for BTC and DASH. FYDwiki serves as an educational platform for cryptocurrency newcomers, offering articles and videos. Find Your Developer is a blockchain-based freelance platform for developers, writers, designers, and online marketers. The project announced the release of FYDme as a significant step in expanding its ecosystem. Community engagement is supported through social accounts on X/Twitter, GitHub, Discord, and Medium.
FYDcoin uses a Proof of Stake X11 consensus mechanism, which serves as an eco-friendly mining alternative. Users can generate FYD through staking, which involves holding coins in a compatible wallet to support network security and validate transactions. Staking can be done with any household PC or laptop. The current staking reward is 70 FYD. For those seeking higher rewards, Masternodes require a collateral of 400,000 FYD and currently earn 140 FYD per block. Masternodes receive 70% of block rewards, while stakers receive 20%, with 10% allocated to the community treasury from block 245,001 onward. This dual-layer system incentivizes both small-scale stakers and larger node operators to participate in securing the network.
Keeping FYDcoin safe begins with using the official FYD desktop wallet, which allows users to retain their own private keys, stake coins, and set up Masternodes without relying on a third party. For added security, a hardware wallet such as the Staking ledger can host a copy of the FYD blockchain and stake FYDcoin without needing a PC or third-party service. Users should always download wallets and software from official sources, such as the project website and GitHub repository. Since FYD operates on a decentralized network, there is no central authority to reverse transactions, so protecting private keys and backup phrases is critical. As with all cryptocurrencies, buying and trading FYD involves high risk, and users should conduct their own due diligence before participating.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for FYD are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of FYDcoin (FYD) is $0.000491. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated FYD to USD rate at the top of BTCC’s price page. In terms of market scope, FYDcoin records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $301.659642K. Its current circulating supply stands at 613.98M out of a maximum supply cap of 650M.
The price volatility of FYDcoin (FYD) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (613.98M) to max supply (650M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, FYDcoin (FYD) hit an all-time high (ATH) of $0.011726 on 2021-10-23 06:20, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.000042 on 2024-02-05 01:15. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading FYD futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s FYDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for FYDcoin, simply log into your BTCC account with USDT margin available, navigate to the FYDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for FYDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.000491), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for FYDUSDT with zero financial risk.
Trading FYDcoin (FYD) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for FYDUSDT, and review its live price ($0.000491) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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