HiBTC — Hive

Today, I am going to share one new digital asset exchange which has very potentiality.
I think it's going to moon like Binance, It has its native token name "HIBT" is offering trading as mining.

What is HiBTC?
First of all, you note to help yourself is HiBTC, not the HitBTC has been released so long offline. About HiBTC, this is a very new trading platform, and just launched around early August/2018. Like the recent general trend of the new floor, HiBTC also goes in the direction of trading as mining, and divides the profits for those who own the tokens of the floor. Some of the highlights are CoinEX, BTCC, IDCM, Bgogo, etc. Although it looks like Ponzi, this is a great way to attract users, and improve liquidity. Moreover, this model not only helps the floor but also benefits investors, if the floor has a large trading volume.

Second, HiBTC is committed to creating a completely transparent, fair and shared investment environment. HiBTC Token (HIBT) is the only token issued by the HiBTC platform, not only as a digital asset, but also representing all rights and interests of the HiBTC platform. HiBTC promises to regularly allocate the platform revenues to all HIBT holders; at the same time, the “transaction + token holding” mining model (“proof of mining hours + proof of equity” mechanism) is adopted, and 50% of the HIBT issued is rewarded to users through transaction processing fee mining.

Not only that, HiBTC will also introduce a “Dividend Bonus Program”. Users can voluntarily join the program with part or all of the HIBT it holds, which will enjoy different proportions of dividend bonus in addition to the basic dividends.

In summary, when a user makes any transaction on the platform, in addition to obtaining the target assets, it can also obtain [mining generated HIBT + basic dividends + dividend bonus]. All of the above mining and dividend data will be made public in real time and are truly transparent and accessible.

Except the equity attribute, the asset attribute of HIBT is also important. The stability of HIBT price has a direct effect on the users’ enthusiasm for participating in the transactions on the HiBTC platform. In order to guarantee a sustainable and robust development of HiBTC, we will make the “Holder Shared Fund Account” public to all users right after the platform is put into use. The HIBTs unlocked in the account will be 100% locked in the fund account until the mining is finished and won’t flow into the secondary market. The dividends these HIBTs enjoys will be first used to pay for the dividend bonus generated in the Dividend Bonus Program; and the rest will be used to buy back the HIBTs in the secondary market, which will be locked in the fund account, too. When the mining is finished, all assets in the Holder Shared Fund Account, including HIBTs and dividends, will completely belong to all the HIBT holders, and the specific disposal plan will be made public in time after the mining is finished.

Finally, HiBTC hopes to break the barriers to information asymmetry between shareholders and management, and between companies and users under the traditional “firm” model, and to build a co-governed and shared organizational structure so that each HIBT holder has the right to participate in making the platform business decisions. HiBTC introduces the world’s first exchange “1+1” currency listing dual-channel mode, which abandons the traditional fee-based currency listing mode and opens the HIBT holder recommendation channel.

On the site, HiBTC has not yet published specific information about the founding team, and its headquarters. However, if you read through Section 4 of the Terms of Service, you think that the floor was established in Hong Kong because of the mention of the Monetary Authority, and Hong Kong Customs. Assuming it is true, it is not surprising that most of the floors are based in this city. Notably, HiBTC claims that they are backed by the Ceyuan Digital Assets Foundation, and is one of Cybermiles’ strategic partners. Accordingly, the tokens that run on the CMT network are highly likely to be listed on the floor.

At present, the floor supports only 6 electronic currencies namely BTC, ETH, LTC, BCH, USDT and HIBTC, CMT, USE, soon more coin other

According to information on the website, HIBT is the only private currency issued by HiBTC, evidence of the floor. Specifically, it will be issued under the principle of “trading as mining”, invite friends and will stop until it reaches 10 billion tokens. HiBTC will divide its earnings to HIBT holders. At the same time, the owners also have the right to participate in important decisions and management areas, including listing new tokens, transaction fees … In addition, the floor also plans to “ “ Users can voluntarily take part or all of the HIBT lock on the floor and enjoy over-rate sharing with different rates. The longer the lock time, the higher the divide rate.

How to distribute tokens:

50%: refund of transaction fee

18%: Holders of tokens: buy Hibtc and hold

25%: founding team and strategic partner

5%: investor platform

2%: market expansion Currently

Currently, to attract trading money on the floor, HiBTC has opened many different incentive programs, you follow the site and earn attractive gifts offline

The floor has a lot of bonuses

Dividend Bonus

Platform revenue is distributed to HIBT holders.

Bonus you earn = Platform Revenue * ratio * (Number of HIBT you have / current circulation of HIBT)

Calculated once per hour. At the following day, the amount accumulated yesterday 24 hours will be issued to the user’s wallet.

Website: http://www.hibtc.com/

Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf

Bounty thread: https://bitcointalk.org/index.php?topic=5016151.0

Twitter: https://twitter.com/HiBTC Exchange

Telegram: https://t.me/www_HIBTC_com1

Author’s Details

Telegrame Username: @besunngoc
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1638278;
Bitcointalk Username: besun