In this modern era, Blockchain has become the most trending topic in the technology aspect. Blockchain have solve various problem in various sector an example is Data expoiltation.
With Blockchain changing the traditional system in many Ecosystem, blockchain had given us peace of mind during transaction in such a transparent and safely manner.
As the Digital Currencies market keep glooming there is need for a fast and better Exchange which bring us to Hibtc a crypto exchange launch in 2013 by Estonian and Israeil Specialist and entrepreneur. Hibtc support different trading pair such as BTC, USDT, TUSD as well as Fiat currencies such as EUR and USD pairs. Hibtc have a daily volume of 50,698 BTC which is equivalent to 317,112,424 USD. Hibtc main aim is to provide a transparent, a safe and convenient trading platform with a risk control. Hibtc Exchange provide a risk control by implementing a multi-signature and also cold/hot wallet providing high security for user also in which the exchange is capable of processing 2 Million transaction per second, which will support the current market growth as there is need for a high security, easy to use exchange in which it also support professional trading instructions such as high frequency, GTT, GTC, FOK and ICO and also. Others unique features of Hibtc are transaction mining, revenue sharing, right sharing, innovative "1+1" Currency Listing and also the first World's First "Holder Shared Fund".
HiBtc Token (HIBT) Importance
HIBT is an Ethereum base token.
A total of number of HIBT to be issued is 10 billion in which no other will be created in which 1.8 billion token will be locked up for the "Holder Shared Funds". The token will be use in various aspects of the trading system such as in transaction mining, revenue sharing and in the innovative 1+1 Currency listing mode. 50% of the total token will be redistributed as transaction + token holding(transaction mining). Each fee a user pays during trading will be converted equivalently to HIBT token, by considering the current market price of HIBT and also the amount of HIBT. Also Hibtc will regularly share the exchange revenue across all HIBT in which others funds will be use for the platform.
Transaction Mining; In transaction mining, each fee payed out is converted directly into HIBT token and credit to the user wallet according to the terms after each hour. Using the giving formular below
According to the formula, Qi stands for the number of processing fee paid, Pi stands for the unit price of the processing fee paid at the time it is paid, PHIBT stands for the unit price of HIBT at the time the processing fee is paid and a% standz for the proportion of the proportion of the processing fee return the user enjoys at the time the processing fee is paid.
Hibtc tend to its maintain the growth and development by limiting the hourly mining quantity to a single account.
HIBT Token Holders Benefit
A user holding HIBT Token have some major right across the Hibtc platform.
A holder of HIBT has right of revenue distribution, because according to the bonus rule all HIBT holder will receive reward on a daily basis the the revenue is been distributed.
A user holding HIBT has right of participation in decision making within the platform in programs such as smart contract voting and decision making of platform issues
Also A user holding Hibtc token HIBT has right of election and supervision. According to the platform, community committee will be change on a basis and those to be elected will be from the choice of the users, in which the committee will report their activities to HIBT holders and the HIBT holders supervise the report.
A User holding HIBT has a right of listing recommendation. In which he/she can recommend a token to be listed.
The HIBT Token Allocation
From the total supply of 10 billion HIBT token in which 1.8 billion(18%) was allocated to "Holder shared Fund", 2% of the total supply will be allocated for market promotion such as bounties and others, 50% allocated for mining reward, as form of returning a user fee back. 5% for conerstone investors and lastly 25% for founding team and strategics partners.
HIBT Roadmap
Official links
Website: https://www.hibtc.com
Whitpaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter: https://twitter.com/HiBTC_Exchange
Telegram for English 1: https://t.me/www_HiBTC_com1
Telegram for English 2: https://t.me/www_HiBTC_com2
Telegram 한국어 채팅방: https://t.me/hibtckr
Author Detail
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1080032
Nickname: Dprincebh
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