Introduction
In this age and day, along with the development of crypto sphere, there are many crypto exchanges created everyday. There is a funny rumor that the number of crypto exchanges in China, which is the biggest crypto community in the world, is much more than the number of crypto investors in this country. This proves that large number is not always good and big quantity does not mean good quality. In this current situation, Hydax is emerged as a bright gem in crypto exchange aspect. Why is that? Let’s find out in the following parts!
What Is Hydax?
Hydax is a reliable, secure and high performance digital-asset-trading-platform with pertaining to highest level of development at time platform run on Ethereum blockchain. One of the things that annoys crypto trader is latency of current exchanges, especially in crypto the price is very volatility and you can lose a lot of money if you are a little bit slower than another. Hydax will get you out of this nervousness by allowing users comfortably trading without any congestions thanks to its capacity of processing millions of transactions at the same time. Besides, Hydax also establishes a strict risk control model and hot and cold wallet custody with the purpose of avoiding hacking and scamming. With this well preparation, Hydax aims to become the best crypto trading platform to serve the whole crypto industry.
Problems Of Current Digital Asset Trading Platform
In this part, it will shows some problems of current crypto exchanges nowadays that prevent crypto enthusiast from trading. One of the first thing crypto investors will consider before choosing their own suitable trading platform is security. Binance, the most reputable exchange today, is not an exceptional. In March 2018, some users' alts are being sold at market price and then used to buy Viacoin at a crazy price without users' consent. In August 2019, Binance’s KYC user data is breached. The already insecure cryptocurrency market, hence, becomes even more unstable because of this mentioned above events. Secondly, none of the crypto traders heard about “Pump and Dump” term. In particular, this is because some exchanges only care about their temporary profit, forget about quality checking procedures, they listed bad and even fraud projects, and do not care about their users. After successfully listing to earn money from investors, the management board as well as developers of those scam projects started to leave and begin with another one. As a result, they are delisted from the exchange and investors are the one who suffered the most, some even went bankrupt. This is not good for not only the exchanges but also the whole blockchain industry as well since it may cause bad reputation for this new industry and no-one else dare to enter this field anymore. Last but not least, it is the value of exchange’s token. After FUDs of Binance indicated above, the price of BNB (Binance Token) is usually decreased significantly and led to a big sell-off. This is not good for exchange’s reputable plus exchange token holder.
Features And Solutions Of Hydax
One of the worth-noting features of Hydax is that they will use 25% of net profit per quarter to burn and buy-back HDX – a native token of Hydax exchange, until half of the total token supply (approximately 150 million tokens) is remained. The whole process will be transparent and visible to all investors by recording on the blockchain and everyone can go check it on Etherscan thanks to the most important nature of blockchain, which is transparency. By this way, Hydax token holder will have the benefit of keeping HDX and be able to accompany with the expansion of the company. In order to avoid bad projects that can harm the experience of investors, Hydax applies a rigorous token listing procedure and projects which want to be listed on Hydax exchange also need to pay a listing fee for the exchange. This token listing fee along with transaction fee, withdrawal fee, derivative transaction fee, decentralized blockchain exchange gas and ecosystem income will be used for token burn and buy-back purpose. Regarding security issue, Hydax has full experienced tech team who specialized in creating state-of-the-art professional distributed architectures and anti-DDOS attack systems. In addition, with 98% of encrypted assets stored in multi-signature cold wallets makes your assets safer than ever. Additionally, Hydax’s security design is also granted safety certifications from some international safety testing organizations. Not over yet, Hydax also took out 1 million USDT for user protection fund in any cases excluding user’s mistake. With Hydax exchange, users can rest assured trading with risk-free.
Hydax New User Bonus Program
Finally yet importantly, Hydax is launching new user bonus program for registered newcomer since November 1st, 2019. Specifically, anyone who successfully pass KYC process and have minimum of $100 USDT equivalent in trading volume on Hydax as well as daily average of no less than $80 USDT worth of digital currency assets will automatically receive 50 HDX worths USD 5. Additionally, you will get extra 50 HDX for each new invitee under their referral code and also meet the same requirements as shown above. More importantly, there is no limit on how many referrals you can make meaning that you can invite as much as you want and your earning will deserve your effort. All of your work will be monthly counted. From now on, you can register and start to earn on Hydax right away via this link https://www.hydax.com/register/6ln2Sw
Conclusion
In the middle of this chaos period of crypto exchange industry, Hydax is a really potential exchange and worths our attention by its vision and plans. There are very less exchange blockchain project that claim to buyback and burn their token but Hydax just did it. Specially, this shows a great potential of this project in booth short and long term in order to be a new unicorn in blockchain industry. After a bubble, there are usually some unicorn and Hydax is definitely the next one.
Reference
Hydax Official website: https://www.hydax.com
Hydax Exchange Group: https://t.me/HydaxExchange
Hydax Bounty Group: https://t.me/HydaxBounty
Author: leader2704
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1511870