Digital currency or digital money is basically taken to be a type of currency exhibits almost all the properties said to be peculiar to that of physical currency but unlike the physical form of currency, it is present in digital form. The first ever digital currency to ever be used globally is Bitcoin (crytocurrency) and it was designed using the blockchain technology system and ever since its creation, it has brought about a significant improvement or influence on not only the financial sector or system both the global economy as a whole.
The first ever recorded purchase facilitated using a digital currency was dated far back in may 2010 whereby bitcoin was used to purchase pizza. And since then, there has been alot of exchange systems which accommodates the exchanging of digital currency and more are still on the rise also with about a thousand plus different types of digital currencies. The digital currency exchange has also tremendously improved or skyrocketed the market value up to about USD 400 billion. In as much as the market value is on the rise and also more exchanges as well as cryptocurrencies are being created on a regular basis, the system is as well said to be faced with major setbacks which are however a serious major concern to the futher development of the digital currency market and these problems or setbacks includes: falsification of transaction data, a security system which is prone or susceptible to attack, a high price when it comes to exchange listing, deals based on secrecy or anonymity and as well low efficiency which basically can be said to be a major factor which can basically trigger losses to the investors and also hinder the healthy development of the market (digital currency market) at large.
Nevertheless, a platform is however nurturing the idea of disrupting the traditional model exchange which they tend to acheive by creating a new type of digital asset exchange which will be safe convenient orderly as well as transparent and the platform is no other than the HiBTC platform.
HiBTC PLATFORM
The problems being faced by the current digital currency exchange is a major setback hindering both global improvement as well as effectiveness of the digital currency exchange and the platform HiBTC is out with the main agenda of the bringing revolutionary changes or modifications to the current cryptocurrency exchange or digital exchanges by introducing a new digital asset exchange which will be transparent in all it's dealings and in the same case will also be convenient basically for investors despite the fact wether they have any knowledge about the crypto space or not. With the HiBTC platform, no matter the size of the transactions, each participant registered on the platform can achieve effectively his or investment objectives without having to worry about personal privacy protection or the security of his or her digital assets. Also a professional financial unit will be incorporated into the platform which will focus on providing investors with rich risk hedging instrument or equipment and in return providing a more efficient as well as a convenient digital asset trading avenue for all registered participants.
ADVANTAGES OFFERED BY THE HiBTC PLATFORM
Most of the advantages associated with using the HiBTC platform includes:
SAFE
Safety of participants assets in any platform is always the core and main purpose of any platform that tends to be scalable and more effective as well as trusted and transparent. The HiBTC platform is set to collaborate or enter into partnership with some top security agencies or companies to help examine the codes and also the setting up of multi-layer firewalls before the platform will be fully operational and also when the platform is launched, a multi-signature as well as cold or hot wallet setting will be employed to help separate about 90% of the assets in the cold wallet to help maximise the security of all participants assets.
EFFICIENT
The HiBTC platform is highly efficient even to the extent that it can handle even up to 2 million transactions per second and it will also use an API interface security level to support professional trading instructions which will include GTT, GTC, FOK as well as ICO to provide an extensive technical aid for professional investors.
RISK CONTROL
The risk associated with the single digital currency spot transaction is uncomfortable and as well professional investors do not have the capability to reduce the risk in an effective manner and based on this, the platform will introduce a financial derivatives with digital currency being the main target and then will also include option contract, forward contract etc and all these will be geared towards providing professional investors with risk hedging instruments which are rich and as well effective.
FomoHIBIT
The HiBTC despite trying to bring revolutionary changes to the cryptocurrency exchange system has also devised a means whereby participants will be able to earn even while interacting or using the platform.
How does this work?
The platform (HiBTC) is set to devise a prize pool which will be growing in size alongside with the exchanges growing incomes. The HiBTC platform will then put 100% of the daily dividend of the "Holder Shared Fund" account into the bonus pool and this will be one everyday before someone triggers the price and however once the pool is triggered, the platform will thus announce the HIBTs trading contributor of the day and will be rewarded with the necessary reward price in the pool and also this is said to be done with certain rules or guidelines.
HiBTC PLATFORM TOKEN
The HiBTC platform will make use of a utility token which will be known as HIBIT with a total supply of 10 billion and this number will remain constant and will not be increased.
TO KNOW MORE ABOUT HiBTC
Join the Telegram Group: https://t.me/www_HiBTC_com1
Follow on Twitter: https://twitter.com/HiBTC_Exchange
Follow on Facebook: https://www.facebook.com/profile.php?id=100027855751559
Website: https://www.hibtc.com/#/act/homepage
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Writer's Bitcointalk Username: Musekay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957
Hmmm ... I will look into it
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