There will no be Cryptocurrencies without digital exchanges, the life-line of Cryptos are exchanges and am sure all players of the industry will agree with me that Cryptos that the role of exchanges in the industry cannot be overemphasize because exchanges are the only means where buyers and sellers of digital assets can meet on the Internet to trade. It is the only avenue for buying, selling and exchanging of one digital assets to another. Even with the current state of bearish market, the market cap of Cryptocurrencies is more than 200 billion dollars and all transactions which results to the cap are made through exchanges, thus this show how important it is to the industry.
There are more than 1000 active trading Cryptocurrencies now in more than 200 different exchanges and as active trader for sometime now, I have seen that most exchanges have same basic features which allows an average users to effectively use them for his or her trading. One thing that I like about this industry is that there are always continuing innovative progress which has made developers to be improving on previous solutions in all sectors of the industry. Digital exchanges are not excluded in this continuing innovative improvements and one exchange that is leading the course is HiBTC which am excited to share with my readers in this platform.
Traders globally trade billion of dollars of digital assets daily and as I mentioned before, all these trading is only possible on digital exchange platforms which create an avenue for thousands of traders to meet and trade on their digital platforms. Digital exchange platform is one of the most lucrative sector of the industry with millions of dollars annual profits. A recent study even claimed that a well known exchange platform has made over $300,000,000 in profit in the first half of this year even in the current bearish market that has been with us since the second quarter of this year. Though most of them makes millions of dollars yearly profits but they tend to keep everything to themselves without giving back to the industry and community.
HiBTC aims to set things right with their already digital trading platform that was built with the interest of their users as the core features of their platform . HiBTC is unique exchange that shares part of their profits with their community members and supporters. If you have ever wished for a perfect trading platform that is fast, secure and reliable, if you ever wished for a platform that will continue to pay you for holding their utility tokens, then look no more HiBTC is the perfect platform for you.
Before I continue to explain the business model of HiBTC and its features, it will be ideal for me to let my readers know the basic history of this innovative exchange, especially how it got its name.
HiBTC name is meant to give hope and a welcome message to new and old investors. The founder of HiBTC shared the aim of Blockchain technology which is to create a transparent and fair credit society, and as we all know that Bitcoin is the premier of digital currencies, they decided to name their platform Hi & BTC to show solidarity for Bitcoin as the king of all digital assets. HiBTC trading platform is here to create a transparent and fair trading experience for their users.
The exchange platform will create a direct medium of communication between their users and the exchange management. It will be an avenue for token holders/mеmbеrѕ саn use their platform сеrtіfісаtе HіBTC Token (HIBT) аѕ their right to partake in important decisions on the issues affecting the exchange through thе ѕmаrt соntrасt vоtіng соnсерt іnіtіаtеd bу HiBTC.
HiBTC Features
Fully Secured: Security of traders funds and data is one of the most important features that an exchange must have and HiBTC team take this very serious. The platform uses multi-layer firewalls, multi-signature, and cold hot money bag isolation programs to ensure the security of users assets and data on the platform.
Fast Transaction Framework: One of the main reasons why some users runs from some exchange is because of their low transaction performance. Some exchange transaction performance are very slow and they are not built to handle millions of transactions per second. And whenever transactions exceeds their capacity, users will start finding issues. HiBTC team knows this and they have a perfect solution to transaction scalability by creating a conducive framework for professional and amateur traders with a transaction capacity of 2,000, 000 transactions per second(TPS).
Revenue Sharing: The exchange has its native utility token on Ethereum blockchain. Users of the platform are rewarded for holding the tokens. 50% of the HiBTC token is distributed to traders who also hold the HIBT tokens and the revenue generated from the platform is distributed to the holders of the HIBT as well.
Fair Listing Fee: One of the main issues that new projects are facing today is huge listing fee which many of them cannot afford. HiBTC listing fee is fair and affordable for new and existing projects.
Current News: News is a hot cake in crypto, it can take price of a coin or token up or down in a twinkling of an eyes, news in crypto spread like wild fire. HiBTC team knew this and hence they built a "Versatile Social Assistant" that aides by sending filtered news to a merchant from cryptocurrency accounts on informal organizations as per some pre-determined parameters. This will help traders to know what's going outside their trading interface anbd help them to make a good trading decision.
HiBTC Token Information
Token Name: HiBTC Token
Ticker: HIBT
Token type: ERC20
Total Supply: 10 billion HIBT token
Mining Reward - 50%
Holder Shared Fund - 18%
Founding Team and Strategic Partners - 25%
Cornerstone Investors – 5%
Market Promotion – 2%
Useful Links
Exchange Site
Whitepaper
Telegram Open Chat
Writer's Details
Bitcointalk Username: Adebits
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1249179