INTRODUCTION
HiBTC exchange has been a project that I have been following up for some time now, since the project was announced in mid-July, 2018. When the news about bounty came out, it was a friend of mind that shared it with me. And I felt is time for me to say what i think and experience about the project!
I sincere believe that the idea and the concept of this project/service/product has been in the mind of the team behind it for long time! This is certainly aren’t one of those shit project! In this review my goal is to keep my research and findings 100% as it is seen! HiBTC is pronounced as ‘hi’ BTC! What a great name! The whitepaper is great and easy to understand I encourage you guys to study it!! Traditional exchanges mode of operations have been a thing of concern to me lately or let say for the past 6(six) to 7(seven) months, Issues such as TRADING FEES, COST OF LISTING OF NEW PROJECTS, SECURITY, KYC etc., these are serious and legitimate concerns for the average investor/trader.
Studying HiBTC whitepaper was more of an in-depth understanding of my personal cry and that of many traders/investors on how the top 5 crypto currency exchanges have been collecting our hard earned money in the name of fees and ICOs project in the name of listing! With almost nothing to take home for the day trader! Yes sir! Sad truth it, It sucks! And I know that vast majority of the crypto currency community can relate! Just that No Option for us! Well now we have- www.hibtc.com.
WHAT IS HiBTC
HiBTC Team has delivered, since launch in August, 2018, the release currently is hibtc.com exchange 1.0! With its native token called HIBT, hibtc exchange technology focuses on providing a safe, efficient and convenient digital asset trading platform for all participants on its platform. In HiBTC, irrespective of the size of the transaction, each participant can effectively achieve the investment goals without worrying about personal privacy protection or the security of digital assets. In addition, the professional financial unit will provide investors with rich risk hedging instruments and investment target choices. Main features of the exchange are shared interest on the trading activities on the exchange (Revenue Sharing), community stake on the platform, Innovative “1+1” Currency Listing Mode, Transaction Mining, Right Sharing, Low Trading fee, zero (0) deposit fee, safety, New and improved and best industry standards of securing Digital Asset!
CURRENT ISSUES WITH THE TOP 5 EXCHANGES
In the introductory part of this review, I made mention of couple of challenges with the top exchanges currently! Issues ranging from high cost of trading to high cost of listing for ICOs are big ones! No matter how we pretend and shy away from these concerns, in our mind we cry- and from the look of things they aren’t ready to address them which means good news for hibtc.com in a short while, those volumes are moving to www.hibtc.com, traditional exchanges even those with their respective tokens or native tokens thinks less and less of their token holders- nothing really more than the fact that their token holders are only doing so hoping for price appreciation of the tokens! These exchanges keep 100% of trading fee, 100% of listing fee, and still manipulate the markets by ‘doing inside trading’, not only that- these exchanges dump all the collected fees the charge on coins/tokens on their exchanges at once without thinking -hence crashing the entire markets!! Collected fees on variety of crypto currencies aren’t supposed to be dumped at a go! I personal recommend small percentages over an extended period of time.
WHY HIBTC TOKENS AND ITS PLATFORM
HiBTC team has put a lots of things on the table for us! No more high cost of trading fee, No more high cost of listing fee for new projects and ICOs project! Yes sir! And you see? More importantly we the members of the Hibtc.com platform have a stake and interest right in the activities of the platform- Serious and key decisions making are not only the responsibility of the team but the collective token holders! This is so lovely and completely new in the crypto currency community. This in my opinion should be referred as the people’s token.
The native token of the www.hibtc.com platform with the ticker (HIBT) is where the power lays! Interest on daily trading activities will shared among HIBT token holders as well as right sharing and also fantastic bonuses for investors who chooses to stake their HIBT tokens.
Transaction Mining, concept too is another ingenuous idea of the team of HIBT platform.
FomoHIBT too is another interesting concept of hibtc platform- all profits for the day are shared among participants in the pool!
Please in addition to my unbiased view on the project, still do your due diligence as usual before undertaking investments decisions!
All details about the project is linked down below!
Website: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
My bitcointalk.org Username: ekomic
My bitcointalk.org profile link: https://bitcointalk.org/index.php?action=profile;u=1085034;sa=summary