Blockchain technology and cryptocurrencies continues to be the topic of discussion on most financial and tech media. It is no secret that businesses, organizations and individuals keep adopting the use of these currencies to solve daily organizational and individual problems. A digital asset or cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. Digital assets continue to gain momentum and people keep adopting the use of these virtual currencies to make payment and other online transactions. These digital assets could be utilized in several ways. You can choose to hold, invest, and trade these currencies in order to make gains in near future. A major aspect of digital asset that has experienced a tremendous growth over recent years is digital asset trading with the most popular digital assets like Bitcoin and Ethereum being sought after the most. Popular digital asset exchanges like binance, huobi, okex have witnessed massive growth in the space of some months due to increasing demand for digital asset exchanges. A digital asset exchange is an online platform where you can exchange one digital asset for another digital asset.
The Problems Associated With Current Digital Asset Exchanges
Digital asset exchange is a platform where you trade one digital asset for another. You can buy and sell a digital asset for another, like Bitcoin or other altcoins for USD and Euro on a digital asset exchange. Delving into the world of digital asset trading is extremely intimidating and naturally complex and so a digital exchange is expected to furnish traders with vital information and tools that will help them to take informed decisions about their trades. But sadly, that’s not what we have in the market today. Almost all the current cryptocurrency exchanges only provide data on prices and volume to traders. While this information is important to any trader, they are definitely not enough to help any trader make the best of decisions concerning any trade. Cryptocurrency trading has moved beyond days when data on prices and volume were enough to make accurate trades. A trader needs an array of information ranging from transaction data, mining data and many more in order to make a profitable trade. Safety, efficiency and other incentives to encourage trading is also lacking in the current crypto asset exchanges that we have.
HiBTC – A Novel Shared Digital Asset Exchange Platform
HiBTC is a novel, state-of-the-heart, shared digital asset exchange platform that aims to provide an efficient, transparent and secure trading platform for all participants. It is quite obvious that the current cryptocurrency exchanges are not doing so much to help traders make the best of decisions when it comes to trading. That is why HiBTC came into existence to breach that and provide all the necessary tools needed by a crypto trader to make the best trading decisions. HiBTC is also the first digital asset exchange platform that will provide “Holder Shared Funds”. With this, all users of the platform are rewarded for their trading activities on the platform. Another area in which HiBTC is trying to change the landscape in cryptocurrency trading is by providing users with solid cryptocurrencies to trade on with the introduction of a novel “1+1 currency listing model which abandons the traditional fee-based currency listing model. HiBTC also abandons the centralized structure and instead introduced a decentralized mode of operation that gives all community members the right to take in decision making of major issues on the platform.
HiBTC is trying to revolutionize digital asset trading in the following areas:
- Trade mining
- Dividend Sharing
- Security
- Easy-To-Use Trading Platform
- Innovative “1+1” currency listing model
Trade mining
HiBTC is a mining digital asset exchange which aims to reward users of the platform for performing transactions on the platform. 50% of the total supply for HIBT will be distributed to users for contributing to the activities on the platform through trading. This is an amazing feature of the HiBTC platform which sets it apart as the go-to digital asset exchange.
Dividend Sharing
HiBTC is a shared digital asset exchange that share the revenues generated on the platform with all the users of the platform. Users earn dividends based on the number of tokens held and locked on the HiBTC platform. The higher the lock-up period, the higher the dividend earned.
Security
Quite a number of big exchanges have all been hacked in the last 12 months. HiBTC is coming out with a platform that has been fortified with maximum security to protect traders and buyers funds on the platform. At HiBTC, security is first because they believe that the very first thing to look out for in a cryptocurrency exchange is how secured funds are on the platform. So necessary measures has been put in place to detect and protect the platform from phishing and other cyber-attacks. Some of the measures are DDoS protection, 2FA protection for login and withdrawals, multi-layer firewalls etc.
Easy-To-Use Trading Platform
Some of the current cryptocurrency trading platforms on the market are difficult to navigate. It is practically impossible for a novice to get on some of these exchanges to trade. HiBTC provides a trading platform that is simple enough for anybody to understand and use. This exchange is also robust enough to cope with the demands of millions of traders all over the world with world class tools to help any trader make the best of trades. These tools range from professional charts, exportable trade and order history, multi sig wallet with 24/7 monitoring and many more all of which are geared towards providing the best experience for any trader that comes on the platform.
Innovative “1+1” currency listing model
HiBTC is the very first exchange that will be introducing a “1+1” currency listing dual-channel model. This model of digital asset listing will completely move away from the traditional fee-based listing model. The model consists of a platform selection channel and a HIBT holder recommendation channel.
- Platform Selection Channel: The platform selection channel requires applicants to lock up and hold a certain amount of HIBT which is referred to as “Investors protection fund” during the listing period. This is done specifically to protect investors in case the lister engages in some kind of fraud which causes major loss to investors. Investors will be refunded out of this investor protection fund.
- HIBT holder recommendation channel: Under this arrangement, users can recommend a digital asset for listing if they hold a certain amount of HIBT. Once the recommended digital asset meet the platform requirement for listing, an invitation will be issued for the digital asset to be listed.
This method of listing ensures that quality digital assets and projects are listed on the HiBTC platform and not scam projects.
HiBTC FomoMining Contest
Currently, the HiBTC platform is holding a FomoHIBT contest that aims to reward users who performs the highest number of trades on the platform within a period of time. HiBTC has set aside a prize pool which grows along with the total income of the HiBTC platform. So each day, HiBTC puts 100% of the daily dividends of the “Holder Shared Fund Account” into the prize pool and sets a trigger price for HIBT in each round of the competition which doesn’t change during each round of the competition.
So once this pre-set price is triggered by any trader during the round, the HIBTs trading contributors during that day will be rewarded with the amount set aside as the prize pool for the day. Even after the pre-set price has been triggered, the HIBTs positive contribution ranking competition continues until 23:59:59 (UTC Time) on the trigger day. The bonuses will then be distributed after this time and the top 3 contributors gets 50%, 20% and 10% respectively while the remaining 20% will be shared among the remaining trading contributors.
The HiBTC FomoHIBT started on the 6th of Sept, 2018 and runs until further notice. If the pre-set price is not triggered in any day, the HIBT positive contribution ranking will reset at 23:59:59 UTC.
So what are you waiting for? Get on HiBTC and start trading your way tp awesome prizes that awaits you in this promo called FomoHIBT ongoing. Really cool way for you to earn some cryptocurrencies.
HiBTC is quite unique in the cryptocurrency exchange space. Combining a state-of-the-art digital asset exchange platform with dividend sharing, security, trading rewards and innovative currency listing model to provide an efficient trading solution that every trader dreams about. That is why I am recommending this exchange to everyone because everything you need to make a successful trade is being provided on the HiBTC platform. Hurry up in order to be able to participate in the ongoing FomoHIBT contest as well. Amazing prizes await you!!
HiBTC Token (HIBT) Information:
Token Name: HiBTC Token
Ticker: HIBT
Total Supply: 10 billion HIBT token
HiBTC Token (HIBT) Allocation:
• Mining Reward - 50%
• Holder Shared Fund - 18%
• Founding Team and Strategic Partners - 25%
• Cornerstone Investors – 5%
• Market Promotion – 2%
Roadmap
For more information about HiBTC, please visit the following useful links:
Website: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Telegram: https://t.me/www_HiBTC_com1
Author’s Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2077261