The crypto market over the years have recorded an exponential growth with a present market cap of $400 billion, it serves as a very lucrative for most persons as a source of investment, while for others a medium by which they can make great fortunes which has been so for some over the years.
Despite the potentials of the market, there is still minimal adoption of these digital assets called crypto currencies by a wide number of persons.
Why? One may ask, the reason for this is that most crypto trading platforms have been saddled with various inefficiencies ranging from high cost of executing transactions, slow process and poor user interface. All these accounts for minimal adoption of crypto currencies as it becomes difficult for new investors to navigate through the tools provided by these platforms in order to maximize their portfolios.
Most of the tools provided by these platforms for users’ are quite outdated and cannot be fully optimized in portfolio maximization, this as a result has led to reduced profit margins for traders as they are not incentivized with the right ecosystem to tap into the opportunities the market has to offer. This indeed has posed a great limitation in exploring the potentials of the crypto world.
The problems attributed with the traditional digital trading exchanges has accounted for the minimal adoption of crypto currencies. They include the following:
CHALLENGES
Inefficiency of Transactions: the traditional exchanges were very limited in the number of transactions they could execute, in the sense that it took a lengthy process to execute transactions which can spell doom for traders’ judging from the high volatile nature of the crypto market, speed of transactions is a very important tool for profit maximization.
Risk Control: they could not provide for effective risk hedging instruments based on digital currency spot transaction. This resulted in great loss of traders’ portfolio due to the lack of hedging tools to protect them against the risks of spot transactions.
Intransparent: under these platforms there was no means of verifying or tracing of user and any other data. The traditional exchanges did not have a system where data of its users, trading history, income data could be updated on a real-time and regular bases. This as a result , reduced trust in the platforms.
Right Sharing: decisions making under these platforms platform centralized team of “board of directors” responsible for taking major key decisions like electing representatives of the platform. Rights under these platform was centered on a few persons.
These outlined problems faced by the traditional exchanges accounted for the minimal adoption of crypto currencies. Therefore, as a result of these challenges the vision of HiBTC was borne out.
Introducing HiBTC
HiBTC is a shared digital assets trading platform with a mission to provide a one-stop exchange solution for digital investors with the right tools for effective crypto currency trading and profit maximization. It is the world’s first shared digital assets platform built on blockchain technology.
SOLUTIONS
HiBTC provides the following solutions to the challenges faced by trading digital assets exchanges using strategies which includes:
Efficiency of Transaction: the HiBTC trading platform has the ability to execute 2 million transaction per seconds based on an advanced memory coupling algorithm. This allows for speedy execution of transactions in the volatile crypto market, thereby maximizing traders’ portfolio.
Risk Control: the platform provides its users with the right tools for risk hedging based on digital currency spot transaction. It will introduce financial derivatives with digital currency as targets not limited to token financing or future contracts but to provide traders’ rich risk hedging instruments.
Transparency: data relating to users’ data, mining data, voting data and trading data will be publicized on the platform on a real-time and regular basis allowing for data to be traceable and verified, this is achieved by the adoption of blockchain technology.
Right Sharing: HiBTC will provide an ecosystem where powers of decision making will not be centered with a few persons (centralized) but evenly distributed among the users’. Here there are no “board of directors” except the founding team members which are responsible for providing technical support for the operation of the platform.
Transaction Mining: the platform possesses a “transaction plus token holding model”. Here users are rewarded with 50% of the HiBTC token through transaction fee mining. This fee is generated anytime a user transacts using HiBTC tokens.
World’s First Holder Shared Fund: out of the HIBT token issued by the platform 1.8 billion will be allocated to the “Money Holder Sharing Fund”- which is frozen according to the proportion of mining output, the fund account will be made public to users after the platform kicks off. This part of the HIBT dividend will be used to repurchase the secondary market
TOKENOMICS
Token name: HiBTC token
Token symbol: HIBT
Supply and Proportion
Mining Reward: 5.0 billion (50%)
Holder Shared Fund: 1.8 billion (18%)
Founding team and Strategic partners: 2.5 billion (25%)
Cornerstone investors: 500 million (5%)
Market promotion: 200 million (2%)
HiBTC provides a one-stop solution for digital asset traders with tools for increased profit margins, risk hedging instruments and also the first digital asset sharing platform, which it achieves using blockchain technology.
Therefore, to maximize your portfolio as a digital investor whether old or new, HiBTC digital asset trading platform is that tool.
Roadmap
For more Information, visit the following links:
Website: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter: https://twitter.com/HiBTC_Exchange
Telegram: https://t.me/www_HiBTC_com1
Author Details:
Bitcointalk Username: Sleekie
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1551533
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