HiBTC - Shared digital assets trading platform

sachini (31)in #blockchain • 6 years ago (edited)

Crypto space

At the early stages of the cryptocurrency industry, the people found that it was very hard to use their cryptocurrencies for their daily uses due to some practical issues. The main issue was the complexity of the exchanges. It took a while to establish the exchanges and after the introduction of the first digital currency exchange the transactions started growing fast and since then more users started joining the industry. As the challenges are part of any business and organization, unfortunately for the cryptocurrency platforms also had to face lots of issues. Being an online business the challenges were more annoying for them. The main concern was the security issues. Identity theft, hacking issues, and slow transaction speed are some of them.

HiBTC

HiBTC platform is a newly formed innovative platform which is working towards the revolutionizing the cryptocurrency exchanging platforms by taking the advantages of the power of modern Blockchain technology. The team behind the project HiBTC firmly believes that they can say “bye” to the old conventional platforms and they are willing to say “Hi” the upcoming future.

Natively being decentralized and with the help of Blockchain technology, we can assume that the HiBTC platform will become more powerful in the future. Even no man is particularly in charge, the whole community behind the platform is working towards a common goal.

Typically an exchange can face the following challenges

Less security
Less transparency
Less efficiency
High amount of transactional fees

The HiBTC platform has come with innovative solutions to solve almost all these issues that the current systems are having. Let’s pay attention to some of them and see what features you can get from the HiBTC platform.

The main advantage is the safety and security.
This is the primary concern of lots of people when it comes to the crypto exchanges. Because they have seen lots of hacking attempts that have happened on other crypto exchanges. By keeping this in mind, the team of the HiBTC project has paid their attention to maximize the security level as possible as they can by introducing multi-signatures, multi-layered firewalls and through a system called “Cold hot money bag isolation”
High efficiency
By introducing and using the latest modern technologies like memory coupling algorithms and also getting the help of high-grade transaction framework, the platform can handle up to 2 million transactions per second while other platforms are far behind than that.
Transparent
The data related to the interests of other users are available to see by anyone who is on the platform. This includes income data, mining and voting data, platform transaction fees etc.

Why does the platform HiBTC different from others?

Well, now you may think that we can see all these features on other platforms too. But below features will make the platform completely different from others. Now let’s see what are those.

Revenue and Right sharing feature.
This is the most interesting feature of the platform. Almost all other platforms will never give their customers any portion of the profits that are made by the platform. But here HiBTC is much different than other platforms. All the HiBTC token holders will be rewarded with the revenue that the platform makes. Also, they will be given the permission to make decisions on major issues, income rights, and management rights etc.
1+1 currency list model
If a user is holding more than 5% tokens of the total supply of HIBT then he will be given the opportunity to name the coins those are needed to be listed on the platform.
Trading mining feature
The users will be rewarded 50% of HiBTC tokens through trading process. Every platform user will get some amount of tokens when they trade on the platform. When the user pays the trading commission the users will be rewarded with some amount of HiBTC tokens. Paid trading commission by the user, the current price of the HIBT and the rate of fee return will be the main factors those are considered when calculating the token amount that a user can get by trading mining feature. More details about this can be found on their website.

HiBTC token details

HIBT is the token symbol of the token of HiBTC platform. 10 Billions of tokens are going to be released and no any additional tokens will be created. Below chart shows how they have planned to distribute the tokens.

fomoHIBT

A growing prize pool in size as the revenue of the platform grows has been set to distribute among the traders. In order to be eligible for this contest a trader needs to buy more than 0 HIBT from 0:00 to 24:00. Those buyers are called as trading contributors. This is a very transparent method. You will able to see the top 10 successful contributors on the leaderboard with instant data updates. By going to their fomoHIBT section, you can find all the related details or you can simply follow the below link.

more details about fomoHIBT: https://support.hibtc.com/hc/en-us/articles/360008866873