History
Blockchain technology have largely influenced on global economy. It lay foundation for digital assets exchange. First digital currency the bitcoin was introduced in 2009. In that time one bitcoin equal to USD 0.0041. in 2017 one bitcoin equal to around USD 20K usd. There is rapid development of bitcoin value digital market expand. after that many digital currency exchanges begin rapidly. In 2018 there are lot of digital currency exchanges and different types of digital currencies in the world.
Although there is rapid development in digital currencies there are problems in this system such as
• Safety issues
• Low efficiency
• High costs
HiBTC is trying to find a solution to this problem by introducing safe, transparent and efficient.
What is HiBTC
HiBTC is shared Digital Asset Trading Platform. HiBTC use modern and leading technologies to provide safe, transparent and efficient trading platform for the participants.
In this exchange every new member can say Hi to the big world of blockchain.
Advantages of HiBTC
1. Safe – HiBTC highly valued safety of their customers. They use multilayer security system to protect customers assets. They have cold wallets which keep assets offline and safe. They will assess their security system before and after establishing the ecosystem.
2. Efficient – HiBTC will use advance technologies such as memory coupling algorithms to handle around 2 million transactions per second.
3. Low risk environment – instead of single digital currency HiBTC will use digital currency spot transection. They also intend to introduce
a. Financial derivatives
b. Option contract
c. Future contracts
d. Token financing
4. Transaction mining –
When user engaged in a transaction with HiBTC there is transection fee. This fee paid by customer and HIBT (HiBTC token) market place. This is called “Transection + token holding” model. HiBTC settle and release HIBT according to a mathematical proportion, once per hour. For the steady market ecosystem they limit this mining to a single account.
5. Revenue sharing –
HiBTC revenues will be shared among holders and remaining part will be used for other activities. Every hour they will calculate HIBT holding status and divide HiBTC revenues according to that. Daily dividends will be released in next day. There will be attractive bonus for customers who hold there HIBT long time in the platform. As users wish all or part of HIBT will locked and time period depend on the user. But loggers the period higher the benefits. The user with locked HIBT can enjoy dividence bonus as well.
6. Holder shared fund –
after platform established the 1.8 billion (from HIBT) holder sharing fund will be introduced to all the users. This fund will not be flow in to secondary market and won’t be shared with any one until mining finished. All the assets in this fund will belong to HIBT holder. After mining is done HiBTC will announced disposal plan of the fund.
7. Innovative “1+1” currency listing mode – it is a dual channel mode introduced by HiBTC. This mode includes
a. HIBT holder recommendation channel – allow users to make recommendations of currencies once HIBT exceed a limit
b. platform selection channel - users have to lock certain amount of HIBT as trust fund.
8. Right sharing –
There is no board of managers in HiBTC, there is only founders. HIBT holders are the major characters of this platform.
9. Transparency – There will be no hidden agenda with HiBTC platform. User related data will be publishing regularly.
BENEFITS OF HIBTC TOKEN HOLDERS
Briefly discussed below are the salient benefits of this new and promising platform, HIBTC:
• As a holder of the HIBT token you will take part in the distribution of income.
• Holders will be able to view daily allocation details: HIBTC will publicize all data related to user interests on a real tme or regular basis, including but not limited to platform transaction data, income data, mining data, and voting data, which shall be query-able, traceable and verifiable. The HIBTC team is actually really practicing transparency, fairness and honesty, which of course I strongly believe should motivate every of its community as such is bound to makes a platform progress within a short period of time.
• HIBTC discards the traditional centralized structure of a firm and there is no board of directors or management, just the founding team responsible for providing technical support for the platform operation. The right to make decisions on major issues, income rights, the right to elect community representatives, etc. which will be fully returned to HIBT holders. That is, holders of HIBT will vote through smart contracts to participate in major business decisions.
• Trading platform income is allocated to holders on a fixed basis that more than 40% allocated to HIBT holders, participate in the excess bonus program and enjoy higher bonus.
• Holders will be able to participate in decision-making of the platform and the scope of the decision includes transaction categories, fees, and so on.
HiBTC token
The token named as HIBT. Total HIBT issued is 10 million.
There are 3 ways to generate HIBT
1. Mining – 50% of the total goes to mining part. It is transection+ coin holding mechanism.
2. Defrosting – 43% of total goes to this part. This part froze to ensure fairness.
3. Early release – 7% from the total goes to this part. 5% from HIBT will put to central component investment after fixed time (6 months) in the platform. And locked HIBT will not be participate in dividence. This will ensure stability of the market.
Final word.
HiBTC received strong support from the Vietnamese community, possibly because of the strong support of the Fund, Currently, HIBTC plans various activities. A high level of profit is interesting in that it makes it possible to use the dividend system. In addition, the HIBTC input has lower entry barriers than other currencies. To get a better idea of the project and solution, I recommend that you study the information on the links below.
For More Information About HiBTC:
Official Website: http://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Telegram: https://t.me/www_HiBTC_com1
Twitter: https://twitter.com/HiBTC_Exchange
Information about the author :
Chamika888
My BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1261329