Asides the fact that digital currency is an application of blockchain technology, it has also undergone massive development in the last decade as well as stimulate the growth of the global economy and finance. In 2018, it was established that digital currency has a market value of around USD 400 billion. However, despite the rapid transformation of the digital currency market, many problems still persist including security vulnerabilities, low efficiency, backroom deals, high exchange listing price and counterfeiting of transaction data. Asides the fact that investors lose resources, it also hinders the growth of the digital currency market. In view of this, we intend to disrupt the conventional exchange model by developing a modernized type of digital asset that is transparent, orderly, safe and convenient - HiBTC.
First, with the use of new technology and design concept, HiBTC will offer a safe, efficient and transparent digital asset trading platform for all stakeholders. HiBTC ensures that all participants, regardless of the size of their business or transaction, conveniently achieve their business objectives without being restricted by the security of digital assets or personal privacy protection. In addition, the platform also has a unit managed by financial experts which provides investors with investment target choices and robust risk hedging instruments.
Second, HiBTC seeks to create a completely transparent, shared and fair investment environment. The platform issues the HiBTC token (HIBT) as a digital asset, which also represents the rights and interests of the platform. HiBTC will allocate the revenue generated by the platform to all HIBT holders and that will be done on a regular basis, also, the platform will adopt the an advanced mining mechanism and a good number of the HIBT issued will be given out as a form of reward to the users via transaction processing fee mining. Asides that, HiBTC intends to introduce a “Dividend Bonus Program”. Users have the chance to join the program by using their HIBT to allow them enjoy the basic dividends and other dividend bonuses. Note that it is not mandatory for users to join the program.
Furthermore, HiBTC is committed to eliminating the barriers that inhibits information between stakeholders and management and between users and companies that characterizes the conventional firm model. They intend to develop a shared and all-inclusive organizational structure to enable each HIBT holder contribute their quota to the development of the platform and even influence the platform business decisions. HiBTC will revolutionize the conventional fee-based currency listing mode and create the HIBT holder recommendation channel. They also came up with an innovative "1+1" currency listing mode to enable users choose from numerous options and eliminate the short-term interest binding. The implementation of this model will enable users to take decisions on their own.
The advantages of HiBTC are numerous but they are not limited to the following; safe, efficient, revenue sharing, transparent and risk control. HiBTC takes the safety of the users' digital assets into great consideration and to achieve a robust security, they partnered with the leading security companies to examine the platform codes and set up multi-layer firewalls. HiBTC offers its participants with a business-grade transaction framework integrated with an advanced memory coupling algorithm to facilitate multiple transactions within seconds. It also provides comprehensive technical support for experienced investors. In addition, HiBTC will introduce the financial derivatives in regards to digital currency, which includes token financing, futures contract, option contract and forward contract thereby furnishing the experienced investors with effective risk edging tools.
The founding team of this platform acts as technicians whose sole duty is to serve the platform and they don't have extra privileges. In fact, they enjoy the same benefits in form of incomes and privileges as any other stakeholder. The community members are in charge of the platform and there is neither a 'management' nor a 'board of directors' to manage the platform. Each community members can participate in the activities of the platform by using the HiBTC token. In fact, they can influence decisions pertaining to the significant matters of the community via smart contract voting. In conclusion, this platform seeks to discard the conventional exchange model and innovate a modernized and computerized digital asset exchange that is transparent, effective, safe and orderly.
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Author - Coltpython
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