As of early 2018, there have been more than 500 cryptocurrency exchanges and more than 1,500 digital currencies. Majority of crypto exchanges are a single point of failure with lots of issues that traders experience on them among which are high transaction and withdrawal fee, low liquidity, high exchange listing fee, low efficiencies, security issues, and many more. HiBTC is a revolution to the crypto world where trading is concerned and it solves most of the current issues faced on the crypto exchanges.
WHAT IS HiBTC?
HiBTC is a digital asset exchange channel, with the aim of bringing about smooth interaction on the blockchain network. HiBTC is a new crypto trade market in charge of exchanges for digital currency. Providing a fair, secure and transparent investment platform.
HiBTC upholds the principles of openness, transparency and self-governing of community and is committed to sharing benefits with all global blockchain community members. At the same time, it also remind every participant including the team members to be faithful to the original aspiration and continue marching forward.
HiBTC released the program of Trade+Mining by holding coins as well as Bonus dividend plan to gradually return the benefits to its community. FomoHIBT bonus pool Plan is going to be launched in order to escalate the benefits of all the community members.
HOW FOMOHIBT WORKS
FomoHIBT Prize Pool is optimized on the basic rules of Fomo3D to ensure that the platfrom users can both gain the bonus benefits and enjoy the premium trading experience. HiBTC will set up a prize pool growing in size along with the exchanges growing incomes. Once the pool is triggered, the HIBTs trading contributors of the day will be distributed all prize in the pool.
Note that; the HIBTs trading contributors refers to those users whose HIBTs buying amount exceeds 0 from 0:00 to 24:00(UTC).
During every accumulation of the prize pool, the HiBTC will put the 100% of the daily dividend of the account which is “Holder Shared Fund” into the prize pool. Once HIBT hit certain price, the prize pool will be triggered. All coins or tokens in the prize poll will be automatically distributed among all HIBT positive contributors at that day.
Below are the applicable rules of the FomoHIBT Prize Pool:
The prize pool: HiBTC shall put the 100% of the daily dividend of the account “Holder Shared Fund” into the bonus pool, every day before someone triggers the price. (The prize pool contains the daily dividends on the trigger day)
Trigger condition: HIBT trigger price is pre-setup at the beginning of each round; it will not change during the current round. If the price of any HIBT transaction is greater than or equal to the trigger price at certain time, the prize pool will be triggered.
Prize distribution: after the prize pool was triggered, HIBT’s positive contribution ranking competition continues. HiBTC will distribute the bonuses according to user’s HIBT positive contribution amount on the 23:59:59(UTC time) on the trigger day. The top three contributors will be awarded 50%, 20%, 10% of total prize pool. The remaining 20% will be assigned to other HIBT positive contributors at the trigger day according to the proportion.(If the prize pool is not triggered on one day, the HIBT positive contribution ranking will be reset at UTC time 23:59:59, it means the HIBT positive contribution users not at the trigger day are unable to get the prize).
After the prize pool is triggered, a new round will start soon with a new price being set up.
The prize will be distributed to the winner’s HiBTC wallet within next day.
The top ten HIBT positive contributors of the day will be list on the Leaderboard.
All the rules of FomoHIBT are simple to understand and follow. The final interpretation of the FomoHIBT rules shall belong to HiBTC as the team will continue to optimize the above rules as per the real-time operating conditions and feedback from the community members. The details of the adjusted rules shall be displayed on the official website.
HiBTC TOKEN
HIBT is the native currency to be used on the platform with a definite number in circulation — 10billion HIBT tokens. HIBT will be the main token of the platform and a digital asset that will protect the interest and right of users and the entire HiBTC platform.
TOKEN ALLOCATION
Holders of HIBT will have the right of:
- revenue distribution on a daily basis in proportion of the token held
- listing recommendation of currencies
- election of community representatives and supervision of their daily work
- participation in platform decisions
ROADMAP
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