REVIEW
A cryptocurrency exchange is a third-party platform from which one can purchase or trade Cryptocurrencies. A Cryptocurrency can simply be exchanged for Fiat or different Cryptocurrencies on an exchange.
Cryptocurrency market capitalization is worth over $610 billion according to statistics. Although, the cryptocurrency market is still an upcoming market, there are more than 1500 cryptocurrencies today with more to come, but hese cryptocurrencies encounter uncountable challenges suchas difficulties in trading, listing on exchanges, secure transaction, issue of storing coin and Hugh volatility. Also, most cryptocurrency exchanges form the basis for the cryptocurrency market, but the vast majority of these exchanges have restrictions such as centralization and low liquidity. There are two(2) types of cryptocurrency exchanges; Centralized and Decentralized exchanges.
DEX or Decentralized Exchange: This is an online cryptocurrency platform which eliminates middle men, and returns control and security of assets and private keys to their respective owners.
Centralized Exchanges: A centralized exchange on the other hand, is an online cryptocurrency platform that makes use of a third party or middle man to execute transactions no matter the asset that may be in place.
PROBLEMS OF MOST EXCHANGES
High Cost of Transaction Fees: Some exchanges charge between 0.5% to 3% in fees, when in fact a decentralized exchange mostly requires a low fixed transaction fee, or in some cases, no fee at all.
Security: A centralized exchange can be easily breached by hackers, thus resulting to loss of funds. Security of funds and private keys lies in the hands of centralized exchanges, and this can put the funds of various users at risk.
Poor Customer Service: The support services of most centralized exchanges is lacking. There is often delay in responds to customers leading to dissatisfied users.
Cryptocurrency traders and investors can't stop stressing the need for an exceptional centralized exchange that solves all problems facing other current centralized cryptocurrency exchanges. Hence the reason HIBTC* was invented.
INTRODUCING HIBTC
HIBTC provides numerous outstanding features when compared to other crypto exchange platforms. HiBTC cryptocurrency exchange platform is designed to be safe, simple and convenient for the end users. Transactions carried out on HiBTC platform will be fast (at least 3 minutes timing depending on transaction volume), and transparent with no hidden charges.
HiBTC is a new platform that was launched in August 2018. This Cryptocurrency exchange platform offers you the possibility to split rewards in the process of trading and distributing profits among those who own the tokens of the exchange. Distribution of part of the profits made on the platform is shared among supporters and members of the community.
HiBTC, together with the growing incomes, will set up a prize pool that will increase. HiBTC puts 100% of the daily dividend from the “Holder Shared Fund” account into the bonus pool every day before someone activates the prize. Once the pool is activated, the HIBTs that trade the day’s contributors will be handed out all the prizes in the pool. This is FomoHIBT HiBTC is there to create a transparent and fair exchange platform. The platform itself is registered in Malta. English, Korean, Japanese and Chinese is used as officially supported languages. Currently, the platform only supports 8 cryptocurrencies: BTC, USDT, LTC, BCH, ETH, CMT, USE, and HIBT. The exchange has ambitious tasks to add new tokens for trading purposes.
FEATURES OF HIBTC EXCHANGE
Efficiency: The HiBTC platform uses a financial-grade transaction framework that is capable of processing 2 million Transactions per second (TPS) that helps to solve the problems of scalability.
Security: HiBTC made it possible to secure all digital assets of every trader. HiBTC collaborates with top existing security companies so as to achieve a stronger security on the platform.
Transaction Mining: HiBTC exchange is rewarding 50% HIBT tokens to it’s users for transaction processing fee mining.
Revenue Sharing: The HiBTC platform keeps record of HIBT token holders, by which it distributes platform revenues of over 40% to HIBT token holders.
Rights Sharing: HiBTC token holders stand the chance of enjoying certain rights in the HiBTC platform such as; Rights of revenue distribution, Rights of Listing Recommendation, Rights of participation in decision making, Rights of Election and Supervision.
Transparency and Orderliness: The HiBTC plat transactions such as platform transaction data, income data, mining data, voting data and other activities carried out on the platform for every user is made public for all to see.
HiBTC uses multilayered firewalls, multi-signature and cold-hot money bag isolation programs to maximize the security of assets owned by users and investors.
HIBTC USER INTERFACE
HIBTC TOKEN (HIBT)
HIBT Token is the only token released by the HiBTC platform. The format of his extraction is mining by trade. The production of the token stops at a time when the total number of them will reach ten billion chips. The HIBT token is an ethereum blockchain based trading utility token issued by the HiBTC platform. HIBT token can be traded on the HiBTC platform with other cryptocurrencies such as ETH, USDT and BTC.
Record has it that 50% of the tokens will be distributed as a reward for mining in the trading process, 18% is allocated to the holder of the general fund, 25% is assigned to a team of developers and strategic partners, 5% to the most important investors. The leftover 2% of the 10 billion amounts is for the promotion of the project. Rights to make important decisions on the platform is determined ny HIBT token holders and investors.
TOKEN DETAILS
Token Symbol: HIBT
Platform: Ethereum
Total Supply: 10,000,000,000 HIBT
Contract Address: 0x9bb1db1445b83213a56d90d331894b3f26218e4e
Decimals: 18
TOKEN ALLOCATION
ROADMAP
CONCLUSION
Finally, HiBTC is poised at providing a secure, efficient and easy trading platform of digital assets for all users.
CHECK THE SOURCES BELOW FOR MORE INQUIRIES:
Website: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter: https://twitter.com/HiBTC_Exchange
Telegram: https://t.me/www_HiBTC_com1
Written By Best Okotie
Bitcointalk username: sosopriase
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2325372
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