Hibtc - experiencing something new

Okelarin Adebola
Sep 9, 2018 · 4 min read

Before we delve into this project, it is pertinent to decode the functionality of an exchange. Before the financial downturn of 2008, the global finance had been processed through exchanges. From FOREX down to the stock exchange, exchange of assets and currencies are prevalent.

The global economic recession of 2008 opened the way to the blockchain. The latter had been parent to cryptographic currencies. Valued at about $300 billion USD and haven birthed over 2, 000 coins, the crypto market is one that has been in constant speculation.

Cryptographic currencies cannot be withdrawn but rather traded. That was where exchanges came into the picture. Current crop of exchanges have not been viable as expected. On the other hand, these currencies are traded on such exchanges and that further says more about the role the latter plays.

From inception of blockchain technology and cryptocurrency , many exchanges have sprouted to enable trading of such digital assets with different trading pairs, including FIAT pairs. Most of the existing exchanges have set the pace, no doubt, but have failed in many aspects. The existing drawbacks include poor security, little or no community interest, slow speed of operation, high trading and withdrawal fees, high listing fees , frequent server downtime, complicated system UI, including a whole lots of others. The good news is, Hibtc which is a new cryptocurrency exchange has been enacted to curb these setbacks and provide a more community driven exchange service .

ABOUT HIBTC

HiBTC is a new platform with unique functionality, it was launched only in early August 2018. In accordance with new trends, crypto exchange platform allows you to mine in the process of trading and distribute profits among those who own exchange’s tokens. It’s important to clarify that the system partially resembles the Ponzi scheme, but this is not at all the case. This version of the concept of cryptocurrency exchange allows you to increase liquidity of the pool and attract new users, allowing you to receive good dividends.
Platform itself is registered in Malta. English, Korean, Japanese and Chinese are used as officially supported languages. Thus, exchange is oriented more towards the Asian region, but also with possibility of interaction with English-speaking users.
Currently, platform supports only 8 cryptocurrencies: BTC, USDT, LTC, BCH, ETH, CMT, USE and HIBT. Exchange has ambitious tasks to add new tokens for trading. To do this, a form has been created, indicating information on token in which you can add into the stock exchange and subsequent trading. This option of adding is very open and accessible to all creators of tokens

Advantages of hibtc

HiBTC is a new platform with unique functionality, it was launched only in early August 2018. In accordance with new trends, crypto exchange platform allows you to mine in the process of trading and distribute profits among those who own exchange’s tokens. It’s important to clarify that the system partially resembles the Ponzi scheme, but this is not at all the case. This version of the concept of cryptocurrency exchange allows you to increase liquidity of the pool and attract new users, allowing you to receive good dividends.
Platform itself is registered in Malta. English, Korean, Japanese and Chinese are used as officially supported languages. Thus, exchange is oriented more towards the Asian region, but also with possibility of interaction with English-speaking users.
Currently, platform supports only 8 cryptocurrencies: BTC, USDT, LTC, BCH, ETH, CMT, USE and HIBT. Exchange has ambitious tasks to add new tokens for trading. To do this, a form has been created, indicating information on token in which you can add into the stock exchange and subsequent trading. This option of adding is very open and accessible to all creators of tokens

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.
Also, it is said that 1 + 1 trading mode is virtual currency, and it seems that the barriers that other coins put into HIBTC have been lowered a bit because some HIBT owners can recommend coin lists on the platform

Roadmap

Benefits

How the tokes are distributed

Useful links

Website: https://www.hibtc.com

Whitepepar: https://www.hibtc.com/om/about/ko/whitepaper.pdf

Ann thread: https://bitcointalk.org/index.php?topic=5016151.0

Twitter: https://twitter.com/HiBTC_Exchange

Okelarin Adebola

Written by

programmer, Cryptocurrency and Chelsea fan. Oro Owo Yi Noni

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