HiBTC — new cryprocurrency exchange leader?

Otto Zanuchifudel
Sep 7, 2018 · 4 min read

Good day, my friends!
I would like to tell a little about interesting new cryptocurrency named HiBTC. First of all, it is necessary to make an important observation and inform that the HiBTC and HitBTC exchanges are completely different.

Overview
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.

Token
HIBT token is the only token released from the HiBTC platform. Format of its extraction is mining through trade. Production of the token will cease at a time when the total number of them will reach ten billion tokens.
Only 50 percent of these tokens will be distributed as a reward for mining in the trading process. Other 18% are allocated to the holder of the general fund. Further, 25% are allocated to a team of developers and strategic partners, and 5% to most important investors. The remaining 2% of amount of ten billion is the promotion of the project.

It’s important to note that exchange will distribute more than 40% of its own income to current owners of tokens, “hodlers” — those who simply keep a HIBT token on their wallet. Due to presence of this token on the client’s wallet, he will have the right to participate in some decisions, including voting on placing new tokens on the platform from other crypto projects.

To increase monetary balance and influx of new users of cryptocurrency exchange HiBTC has opened several different programs in which the user can receive interesting gifts, simply by monitoring the site. All data on mining and receipt of dividends will be displayed publicly in real time, thus everything will be transparent and publicly available.

It is worth mentioning such a concept as the bonus dividend program. Each user has opportunity to join the program using the entire stock of HIBT tokens or some part of it. When making transactions on the platform within its account, in addition to receiving target assets, user can also receive three different elements: standard dividends, bonus dividends and generated HIBT tokens in process of trading. Option of performing operations of buying and selling on any other crypto-exchange would be less interesting. Here, in fact, bonus will only be charged for the fact that operation is completed.
Stability of the cost of HIBT token will affect number of users, as well as their enthusiasm during trading on the HiBTC exchange. To guarantee further improvement and the very operation of the stock exchange, immediately after commencement of trading, a public account, “General Fund Holder”, will be created. This account will be accessible to all users, as a result of which it will always be possible to see all the necessary information on it.
HiBTC platform rejects the idea of a “traditional” model of relationships between users and project team. Developers hope to create a joint structure so that each owner of the HIBT token has the right to make decisions within the platform. HiBTC presents a unique “1 + 1” option with two-channel mode, which opens a channel of recommendations for all HIBT holders.

Conclusion

I really liked concept of HiBTC as promising exchange and its interesting features in form of bonus payments and possibility of tokens production through trade operations. In my opinion, this option of trading on the cryptocurrency exchanges is the most ideal — it will reflect all aspects of the work of the exchange in the cost of tokens.
The exchange itself was launched a few weeks ago and it will definitely be expected by a good future. Community is growing, more users are from Asia. The exchange’s token is actively traded and is a stimulating force for using a platform.
Project is uniquely interesting and if you are looking for new cryptocurrency exchange, I advise you to take your attention on HiBTC.

Thanks for reading!

Useful links:

HiBTC: https://www.hibtc.com
About: https://support.hibtc.com/hc/en-us/articles/360007165334

Whitapaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter: https://twitter.com/HiBTC_Exchange
Telegram: https://t.me/www_HIBTC_com1

___________________________________________________________________
My Bitcointalk: nightl

Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1253145

My ETH: 0xeB5da4BF4dc64dC6900B6eD2C3c23DFaADE519cA

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