This review aims to provide information about the latest crypto currency exchange platform that was just launched – the HIBTC. The exchange platform comes with rich reward with a democratic form of governance.
To everyone who have ever longed for a crypto exchange that shares some of its profit to users and supporters, the HiBTC was created. HiBTC will bring about a rapid, secure and reliable means to be rewarded by being in possession of a particular token.
The name of the exchange – HiBTC – is obviously a combination of two words; Hi and BTC. BTC which stands for bitcoin represents the first crypto currency ever created on the blockchain network. Hi represents ‘Hello’
The idea behind the name of the platform is to illustrate the ongoing interaction between people and cryptocurrencies
Introducing HiBTC
HiBTC is a modern market trade that will take care of exchanges in the digital currency. It is a digital asset exchange platform with the aim of bringing about safe, fair and transparent investment ecosystem.
The idea behind the network is to communicate easy interaction on the blockchain network, bringing the awareness of faithfulness and commitment to the common goal.
One of the main aim of Blockchain technology is to bring about a fair and transparent credit society. This singular goal was also shared by the founders of HiBTC exchange. Thus, to align their purpose, the platform was named Hi & BTC.
Part of the aim of HiBTC is to remove the barrier of information that exists between management and shareholders, users and companies with the help of the traditional “firm” model. It will come up with a shared management structure such that all users, (holders of HiBT tokens) will be able to make business decisions on the platform
Currency Listing Mode
The HiBTC will have two listing mode provided – the platform selection channel and the HBIT Holder Recommendation Channel.
• With the platform selection channel, the representative of the coin that wants to be listed at HiBTC will present and lock a determined amount of HIBT as the “investor protection fund.” These funds will not be accessible during the listing period. Should there be fraud, these funds will go to the investors affected by the loss.
• With the Holder Recommendation Channel on the other hand, users will have to possess a precise amount of HIBT before being qualified to recommend a token to be listed. As soon as the recommended support gets to the desired support, the system will invite the desired project.
In this regards, a group of user with over 5% of HiBT total supply can independently suggest a crypto to be listed on the HiBTC network. This is really cool and also gets interesting as HIBT token holders hold the right to take core decisions.
HiBTC token and the benefits to Holders
The native token of the platform is called HIBT. About 10 billion HiBT tokens will be released – a definite and fixed number. HiBTC Token (HIBT) will be the main token of the platform which will serve as a digital asset and also a means to represent the rights and interests of the HiBTC platform.
According to the project, users will have regular access to revenue allocation on the platform. Asides this, there are some benefits that HIBT tokens will gain. We discuss them below:
• Revenue Sharing
Platform users who have the HBIT will be qualified to a fair share of the platform revenue. The distribution will be daily and done based on the bonus rules.
• Governing together
Decisions relating to the platform will not be limited to the creators and management of the platform. All process and decision will be done via a voting system which will be made possible through the smart contract voting system.
• Taking part in Community Supervision
HIBT holders will get to select the members of the community committee. Supervisors will give account of their activities to the community as their job proceeds. After their tenure ends, new members will come on board via the voting process.
• Security
In a cryptocurrency exchange system, security of funds is very critical. The team behind HiBTC, being aware of this, makes use of multi layer firewalls, cold hot money bag isolation protocol and multiv- signature program to bring about an iron clad security of assets.
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Author - Coltpython
Bitcointalk
