HIBTC - THE BEST EXCHANGE FOR CRYPTOCURRENCY. PROS AND CONS

Promise Oluebube
Sep 8, 2018 · 5 min read

It is evaluated that more than 40,000,000 (40 million) individuals worldwide are associated with Cryptocurrencies and they are either merchants, holders or just Crypto Enthusiasts. There was unstable development particularly in 2017 when a few cryptographic money trades needed to briefly delay enrollment of new clients.

It isn’t just about the development in number of advanced coins, tokens and clients, the market estimation of Cryptocurrencies has likewise consumed, from it’s starting when it had no esteem, it has now gotten to a phase where computerized monetary forms presently has a joined marketcap of over $200,000,000,000.

In any case, with the development and advancements so observed so far in Cryptocurrencies, have you thought about how individuals get Cryptocurrencies or trade them starting with one kind of Cryptocurrency then onto the next? The Answer to this inquiry is CRYPTOCURRENCY EXCHANGES.

Last time anyone checked, there are many Exchanges in presence and as a refined merchant who has exchanged more than 40 distinct trades and has made more than 1000 exchanges since December of 2017, I can intensely say that I have seen each sort of trade there is yet as of late, I discovered an extremely one of a kind Cryptocurrency trade that intends to do what Blockchain essentially expects to accomplish.. A reasonable and straightforward budgetary society.

I need to complete a SWOT Analysis of the HiBTC Exchange now, I have already expounded on the essentials of this venture prior today, incase you missed it and need to take in more about HiBTC and a big motivator for it, read my past article HERE.

The SWOT Analysis Of HiBTC

For the individuals who don’t have the foggiest idea, SWOT basically implies..

• Strengths

• Weaknesses

• Opportunities

• Threats

✓ STRENGTHS OF HiBTC: The Strengths of HiBTC in it’s one of a kind highlights, it is an undertaking that is centered around the essentials of Blockchain innovation which is to make a reasonable and straightforward budgetary society, how does HiBTC expect to accomplish this? To enable you to all the more likely comprehend these progressive highlights, let me clarify them a bit beneath before we continue.

Highlights

1). Security: The Security of assets and clients in the HiBTC stage is the best need of the HiBtC Team, on account of the Billions of exchanges that goes through trades in a consistent schedule, they have been serially focused by programmers as of late, I recollect the 2014 occurrence including the Premier digital currency trade named MT.GOX in which 740,000 was diverted by programmers, up till date this remaining parts the greatest cryptographic money heist that has been done in a Cryptocurrency trade, this plunder is worth $4.4 billion dollars at exhibit rate of Bitcoin.

Shockingly this isn’t a segregated episode, there has been different occurrences as where trades were hacked and clients reserves trucked away, this is the reason the HiBTC Team ensured they utilized multi-layer firewalls, multi-mark, and cool hot cash pack separation projects to expand the security of client resources. Furthermore, they are working intimately with top security Outfits to guarantee the security of advantage is ensured in the HiBTC Platform.

2). World Class Transaction Framework: Have you at any point attempted to exchange a trade and it continues smashing or mistakes keep flying up? This is because of the set number of exchanges that the trade’s coordinating calculation is worked to deal with, in HiBTC these worries would does not have to trouble any merchant, HiBTC is worked to deal with 2,000,000(TPS) (Transactions Per Second).

3). Capacity To The Users, Holders and Traders: Which trade rewards merchants for exchanging their trade? All things considered, you certainly wouldn’t hit them with a stick in the event that you tossed it into a very much loaded up with trades, that is the means by which uncommon they are!. Yet, HiBTC accompanied this up progressive thought of compensating merchants and furthermore holders of the HiBTC Token(HIBT) by conveying half of the income produced in the stage to holders of HIBT.

To crown everything, in consistence with it’s objective to make a straightforward environment, holders of the HIBT token would have the capacity to settle on critical choices in the stage, for example, posting, voting and so forth, as it were, the clients of the stage would have full say in what goes ahead in HiBTC.

Furthermore, all information identified with client’s interests, including stage exchange information, salary information, mining information, voting information, and so forth will be distributed and irrefutable by clients.

✓ WEAKNESSES OF HiBTC: I have hunt down a shortcoming in the operational standard set used by HiBTC and I could discover none, the main thing taking after shortcoming I could distinguish was that it is as yet a genuinely new trade despite the fact that it has solid network bolster, there are more than 50,000 enrolled clients in the HiBTC Platform yet with the forceful promoting efforts sorted out by the HiBTc Team, you can make sure this is another stage yet it beyond any doubt isn’t dormant, it’s development is quick and relentless.

✓ OPPORTUNITIES PRESENTED BY HiBTC: Have you at any point wished there was an approach to gain automated revenue by simply holding a token? On the off chance that yes your supplications has been replied, HiBTC imparts it’s income to HIBT holders so you should simply possess a few measures of HIBT tokens and you would gain a piece of the income, marvelous right? Purchase HIBT Here.

✓ THREATS FACING HiBTC: HiBTC is a Cryptocurrency trade and simply like other digital currency trade, the principle risk confronting it is Hackers, as of late trades has been ideal objectives to programmers however with the strict safety efforts and conventions utilized used in the HiBTC Cryptocurrency Trading Platform, this danger has been nipped in it’s bud.

FomoHIBT

You can be part of the HiBTC Trading community eligible to participate in the HiBTC “Holders Shared Reward”. It is a 100 percent reward pool which is triggered to reward the contributors of the day.
Furthermore, If the prize pool is not triggered on one day, the HIBT positive contribution ranking will be reset at UTC time 23:59:59 , it means the HIBT positive contribution users not at the trigger day are unable to get the prize. To learn more visit: https://www.hibtc.com/#/act/fomohibt

TECHNICALLY AND LITERALLY, IT IS OBVIOUS THAT PROS SUPERSEDES THE CONS. WELCOME TO HIBTC

USEFUL LINKS
Exchange Link: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter: https://twitter.com/HiBTC_Exchange
Telegram: https://t.me/www_HiBTC_com1

Bitcointalk Username of writer: https://bitcointalk.org/index.php?action=profile;u=2330191

Disclaimer: This article was created in exchange for a potential token reward through HiBTC bounty

Promise Oluebube

Defying gravity

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