HiBTC : Shared digital asset trading platform

nuwandi rashmi
Sep 9, 2018 · 4 min read

FomoHIBT

HiBTC will set up a prize pool growing in size along with the exchanges growing incomes. HiBTC shall put the 100% of the daily dividend of the account “Holder Shared Fund” into the bonus pool, every day before someone trigger the price. Once the pool is triggered, the HIBTs trading contributors of the day will be distributed all prize in the pool. FomoHIBT Rules 1. The HIBTs trading contributors refers to those users whose HIBTs buying amount excels 0 from 0:00 to 24:00(UTC). The HIBT positive contribution value= HIBT buying amount — HIBT sell amount — HIBT withdrawal. (Note: Deposit and mining output HIBT will not be count in contribution value) 2. Trigger condition: HIBT trigger price is pre-setup at the beginning of each round, it will not change during the current round. If the price of any HIBT transaction is greater than or equal to the trigger price at certain time, the prize pool will be triggered. 3. Prize distribution: after the prize pool was triggered, HIBT’s positive contribution ranking competition continues. HiBTC will distribute the bonuses according to user’s HIBT positive contribution amount on the 23:59:59 (UTC time) on the trigger day. The top three contributors will be awarded 50%, 20%, 10% of total prize pool.

MODE OF OPERATION

Immediately this platform was created , the founders decided to apply a community based model rather than the traditional centralized business model

Their main reason is that they believe with the rapid development of the internet and the blockchain technology,the organizational form of community will be more effective and it will represent the future.

In the HiBTC community,there is nothing like board of directors or management and their team members are just technicians serving the platform who enjoy the same platform privileges and the incomes just like other participators.

In HiBTC,there is no company or customer it is just made up of community members. Each member can use the platform certificate token to make decision on all the significant matters of the community through the use of smart contracts voting and sharing the platform income in proportion to the HiBTC it holds.

THE TRADING PLATFORM

With the use of new design concept and the latest leading technologies ,the platform is going to make available a safe effective and convenient digital asset trading platform for every of their participants.

In this platform,no matter the size of transaction each participant can effectively achieve the investment objectives even without been bordered about personal privacy protection or the security of the digital assets.

The professional financial unit is going to provide the investors with a rich risk hedging instruments and investment target choices. The platform wants to create a transparent fair and shared investment environment.

The HiBTC token is the only token that is been issued by thr HiBTC platform as their assets and it also represent the rights and interest of the HiBTC platform.

The platform promises to regularly allocate the platform revenues to all the HiBTC holders. They will soon introduce a dividend bonus program and users can join the program with just part or all of their HiBTC holds.

Any time any user makes any transaction on the platform in obtaining the target assets, the user csb also obtain generated HiBTC gotten from mining process plus thr dividends and the dividend bonus.

The stability of the token price has a direct effect on the users enthusiasm for participating in the transaction on the HiBTC platform.

Howeven,the platform wants to break that barriers to information asymmetry that is existing between the shareholders and the management, and also between companies and the users under the traditional firm model.

They will also introduce the worlds first exchange that will be based on 1+1 currency listing dual channel model. This model will abandon the traditional fee based currency listing model and then opens the HiBTC holder recommendation channel.

HIBT TOKEN

The HiBTC is the token name of this exchange and it is been issued by the HiBTC trading platform and certificate of interest of HiBTC. Thr number of tokens issued is 20 billion and the exchange promises that this number will be constant.

RIGHT OF THE TOKEN HOLDERS

HOW THE TOKENS ARE GENERATED

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)

Learn More About HiBTC with the links below:

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

Twitter: https://twitter.com/HiBTC_Exchange

Telegram: https://t.me/www_HiBTC_com1.

Author

Bitcointalk username: M12Nuwandi@
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2207040
Email: imnuwandi@gmail.com

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade