Virtual currency or cryptocurrency is taking over the world. This contains similar attribute as physical currency but it can be used through the internet and for this it will require its own network system widely known as blockchain network. The blockchain networks are growing faster and creating innovations for their services.
HiBTC is one of the newest blockchain networking site which is attracting people to adopt the network system by making a community of users. They have initiated HIBT token service to encourage people more in investing.
HIBT
HIBT is the only token that has been issued by HiBTC. The whole issuance of HIBT is based on the equates of the overall ownership of trading into the platform of HiBTC. This platform adopts an innovative model for trading named as Trading as Model. This will be helpful in issuing the HIBTs as a set of 10 billion and the amount will never increase from this. The premises of HiBTC remain constant to the number of tokens so that they can have the bonus for the HIBT holders and share the revenue to the users.
The digital asset of the community also represents all the rights and interests through the regular allocation and the revenue will go to the HIBT holders through the mining model. The proof of mining hours and proof of equity mechanism will be used in certain transactions making the adoption process feasible to 50% of issued and rewarded users through the transaction and processing in fee mining.
HIBT Token Allocation
The initial token allocation of HiBTC scheme is based on the 10 billion. The tokens will be allocated in a certain manner as the mining reward, holder shared fund, founding team and strategic partners, cornerstone investors and market promotion. The mining reward position will hold 5.0 billion of total tokens which is the 50% of it. 18% will be allocated for the holder shared fund which is 1.8 billion.
After that, the tokens will be reserved for the founding team and strategic partners for 2.5 billion which is the 25% of the total tokens. The cornerstone investors will get 500 million or 5% of the total 10 billion tokens and lastly, the market promotion will gather 200 billion or 2% of the total tokens.
Advantages of HiBTC
There are a great deal of added advantages to the HiBTC stage that has started my advantage, I'd specify some of them that I extremely like:
It is to a great degree safe – HiBTC organizes the security of the clients' advanced resources. It additionally cooperates with top security organizations, looking at the stage codes and setting up multi-layer firewalls on the stage, utilizing multi-signature and chilly/hot wallet division to put more than 90% of advantages in the harsh elements wallet to amplify the security of client resources.
It is to a great degree proficient – HiBTC utilizes a propelled memory coupling calculation to deal with roughly 2 million exchanges for every second; in the interim, the securities-level API interface underpins proficient exchanging guidelines, for example, high-recurrence, GTT, GTC, FOK and ICO, giving comprehensive specialized help to proficient speculators.
Income sharing – HiBTC agrees to routinely designate the stage incomes to all HIBT holders and the rest of the part will be utilized for stage task.
Right sharing – HiBTC arranges the customary brought together structure of a "firm" and there is no top managerial staff or administration, simply the establishing group in charge of giving specialized help to the stage activity, the privilege to settle on choices on real issues, salary rights, the privilege to choose network delegates, and so forth will be completely reestablished to HIBT holders.
Working Process of Listing Model
The platform of selection of the channel will need the applicant or the holder to lock on HiBTC for a certain quantity or a proportion of HIBT. This will be used as the Investor Protection Fund while the currency listing period will exist. This cannot be locked during the listing period. In this case, the counterfeiting or frauds may create some significant losses to the investors during the listing period.
There will be investor protection funds for the investors to avoid these sorts of mishaps. The other currency of listing channel is the HIBT holders by the recommendation of the channels of listing. When the HIBT exceeds a certain amount for the funds, the users can initiate the recommendation process for the currencies.
The recommendation process will support the rate as long it reaches to the platform by the requirement of the issuance to the platform. This will also initiate the recommendation support of the platform that reached to the requirements by the issuance of the initiated currency to the project side.
HiBTC is hoping the model of 1+1 will break into the plight of the users by the choice of limited people and will remove all the short-term interests into the bindings of the users to take all the good initiatives in deciding what they want. They are doing great so far making sure that the users do not face any hassle.
Twitter : https://twitter.com/HiBTC_Exchange
Website : http://www.hibtc.com/
Whitepaper : https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1967241