Today, the total market value of all cryptocurrencies has exceeded 280 billion USD with 60 cryptocurrencies accounting for average daily trading volume of 10 million USD. New coins get listed day by day which brings investment return for investors and traders. Cryptocurrency trading has been actively giving high ROI (return on investment), the reason why more trading exchanges emerge. As of early 2018, there have been more than 500 cryptocurrency exchanges and more than 1,500 digital currencies.
We have two types of crypto trading exchanges - centralized and decentralized form of exchanges with each having its own advantages and disadvantages.
HiBTC cryptocurrency exchange was founded with unique features that aim to disrupt the traditional exchange model and bring solution to the challenges of existing exchanges.
ABOUT HiBTC
HiBTC is a cryptocurrency exchange that aim to discard the old exchange model by replacing it with a new type of digital asset exchange with features that make it safe, convenient, transparent and orderly. The name is the combination of two words "Hi" and "BTC"
"Hi" for every new friend that would embrace blockchain
"BTC" being the first digital currency that is based on blockchain technology.
On this platform, every participant called community members enjoy the same benefit including the founding team. There is no organizational board or team with special influence, everyone in the community get to make decisions on all community matters with HiBTC Token (HIBT) through smart contract voting likewise HiBTC sharing according to what the platform holds.
FEATURES OF HiBTC
PLATFORM REVENUE ALLOCATION : HiBTC intends to create a shared investment environment where the platform income will be shared to all HiBTC holders in proportion to what each member holds. The platform will make sure that through transaction processing fee mining, almost 50% of the allotted HiBTC is given to users. This is known as "transaction + token holding" mining model.
FAIR AND TRANSPARENT INVESTMENT ENVIRONMENT: HIBT serve as rights of the HiBTC platform for all token holders not only to be used as digital asset. This will enhance interaction among members of the community and fairness is assured in all decision taken. Each community member do have a say in all significant matters of the community by making use of the token as an instrument that represent the right of the member. The token will then be used to vote his interest through smart contract voting, transparent and fair.
WORLD'S FIRST EXCHANGE "1+1" CURRENCY LISTING DUAL-CHANNEL MODE: Is being implemented by HiBTC platform as opposed to the traditional fee-based currency listing mode.
WORLD'S FIRST HOLDER SHARED FUND ACCOUNT: Until all mining has ended, all HiBTC will be locked in the fund account. Also locked in the account will be the HIBT repurchased in secondary market after which all assets in this account will be shared to all HIBT holders.
TRANSPARENCY AND ORDERLY: Financial unit if the platform will give participants investment choices that will aid in making good decisions. HiBTC will provide a transparent ledger that holds all data related to users such as voting data, income data, mining data and transaction data.
REVENUE SHARING: Every hour, dividends will be allocated to token holders. This is calculated by the amount of revenues available for the platform and the amount of HIBT held by each user within that hour and distribution occurs the next day.
ADVANTAGES OF HiBTC EXCHANGE
- Different form of reward allocation for users ranging from basic dividend to dividend bonus and mining generated HIBT
- All right to make decisions on the platform is fully returned to HIBT holders.
- Partners with top security companies to set up multi-layer firewalls before the platform launch
- To reduce risk effectively, risk hedging instruments are provided to investors by the platform
HiBTC TOKEN (HIBT)
HIBT is the cornerstone of governance of the community. It is an utility token that will be used on HiBTC platform. It represents all right and interest of the platform. The token allocation is 10billion which will remain constant.
TOKEN ALLOCATION
ROADMAP
HiBTC exchange opened for registration on July 14th, there was an official launch on August 18.
Smart contract listing recommendation and voting to be made available on September 18. By November 18, HiBTC mobile app will be launched and by the end of the year, launch of financial derivative should take place.
To find out more about this project, here are some related links:
Website Whitepaper Telegram Bitcointalk ANN thread
Writer's bitcointalk username: Anike01
Writer's bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1565368
Ethereum wallet address: 0x61Bc9bdB116AC8c1dBD096FC1170aB573854A169