THE MANY INNOVATIONS BEHIND HIBTC BENEFITS
Welcome to our second article on the HIBTC project. In my first article contained here: https://steemit.com/science/@karlblaise/an-ideal-cryptocurrency-exchange-hibtc, i introduced HIBTC briefly before spotting the numerous advantages it harbors. From the benefits mentioned; every good investor will be relishing the feel by now.
That HIBTC feelings
Having created awareness on the benefits surrounding the platform; we will be taking the next step by explaining the innovative ideas, behind the benefits. Our approach will be dependent on the highlighted below; followed by some explanations on how they were derived. Welcome back once more and let’s do it.
SECURITY:
Cyber security
It's well known that the cyber security, surrounding most exchanges was well compromised. In HIBTC, security is of top priority. It started right from the multi layered firewalls contained in the writing of the application codes to the subjection of the app to multi-signatures. The wallets which form the major target for hackers were subjected to cold / hot wallet separation; with over 90% of the assets placed in the cold wallet for maximum security.
Cold wallet provides offline storage of coins; protecting it from unauthorized access, cyber-attacks and other vulnerabilities associated with internet availability.
EFFICIENCY:
The HIBTC exchange platform was built with advanced coupling algorithm built on financial grade transaction framework. This will enable the platform, the possibility of handling over 2 million transactions per second. This implies that Artificial Intelligence and machine learning was factored into the transaction handling, based on proven financial framework. For the professional investors; Artficial Intelligence based technologies such as GTT, GTC, FOK and ICO will be extended to them via a secured level API interphase.
DECENTRALIZATION:
The HIBTC Token doubles as a financial asset and as a symbol of how much rights and interests that the holders possesses, on the platform. In other words, the coin holders, forms the community that will periodically vote and be voted into positions of responsibilities; using the voting rights that comes with the token.
The decentralized nature of the blockchain technology, internet availability and the smartcontract mechanism has been factored in, to assist in the implementation of the platforms' decentralized feature.
To make decisions on significant matters concerning the community; the amount of HIBT each community member possesses, becomes paramount. This will encourage an era of HODLE which is good for the token and will help in making the voice of the community to be counted.
RIGHTS TO VOTE AND MAKE DECISIONS
Voting
As discussed earlier, the underlying principles behind decentralization is the same as that needed in gaining the right to vote within the community. They all lies on the amount of HIBTC token (HIBT) holders posses. Aided by smartcontracts and the decentralized nature of blockchain; the voting rights were made possible.
REVENUE SHARING
HIBTC is expected to generate fees from the transactional activities going on in their platform. The bulk of the fees, forms the revenue they promised to regularly share among the holders of HIBT. To carry out the revenue sharing; a snapshot of the HIBT holding status of all users is taken at the last second of every hour, with the accruable dividend from the revenue reserved per hour for each user. This reserved fund will be disbursed the next day and the cycle will continue in like manner daily. This makes good of the promises made by HIBTC.
DIVIDEND BONUS PROGRAM
Still aimed at encouraging HIBT holding; the platform is introducing a program called the “Dividend Bonus Program”; where a specific amount of the HIBT possessed by interested token holders, will be locked in an account over a period of time. Dividends will be paid out periodically from the HIBT mining proceeds to all the participants of the program, according to the amount of HIBT each user contributed. The longer the participants stay on in the program, the more the benefits that’ll accrue.
STABLE TOKEN
HIBT
The benefits listed above were all equity based. HIBTC also have plans for the asset values to keep appreciating by ensuring that the token remains stable and maintains a robust place in the cryptocurrency market? To do this; they created the “Holders Shared Fund Account”, where HIBT unlocked from respective accounts will be locked until mining is finished. The token won’t be allowed to get into the secondary market. The dividends generated in the process will first be used in paying the Dividend bonus accumulated in the “Dividend Bonus Program”; while the rest will be used to buy back the HIBT in the secondary market, to be locked in the fund account too. At the end of the mining, all the assets in the holder shared fund will completely belong to the HIBT holders and the disbursement made public.
To cap it all; HIBTC is really transparent and honest I'm the running of her businesses. The decentralized model proffered in this exchange will be the best thing to happen to this line of business.
It's time to become a shareholder of a crypto exchange platform. Go and get your own HIBTC Token, to be counted as one.
Contact the reference section for more details.
Thanks,
Karlblaise1
https://bitcointalk.org/index.php?action=profile;u=2248258
REFERENCES
Website https://www.hibtc.com/#/act/homepage
Whitepaper https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter https://twitter.com/HiBTC_Exchange
Telegram Channel https://t.me/www_HiBTC_com1
Bitcointalk https://bitcointalk.org/index.php?topic=5016151.0