HiBTC is an ecosystem which aims to create a distinct platform for digital asset trading, a user friendly platform that assures participants of assets security, transparency, swiftness in transaction conduction and also offers an opportunity for participants and investors to have a share in accrued revenue of the exchange itself.
Unlike other similar platform, Hibtc has implemented a community based approach in its organizational management. Rather than putting in place board of directors or managerial board as with every standard organization, every community member holding the HIBTC token (HIBT) has a right to decision making that contributes to development of the ecosystem. The developers and founders are more like technicians and they would be entitled to the same benefits as every holder of the token which is a certificate of the HIBTC exchange platform. Holding these tokens gives members a priviledge of being involved in decision making activities as well as sharing in the generated income and revenue of the exchange depending on the number of held tokens.
FEATURES AND ADVANTAGES OF HIBTC EXCHANGE PLATFORM
• The exchange guarantees users rest of mind by providing a highly secured, safe and transparent platform for trading of trading of cryptocurrencies and digital assets. This is achieved by launching a multi-layer firewalls prior to the use of the exchange and a multi-signature afterwards to gain access to owned assets
• The platform utilizes an advanced memory coupling algorithm to ensure that transactions are executed within the shortest possible period of time. This algorithm has the ability to handle about 2 million transactions per second.
• The platform issues a token known as HIBT which fuels the economy of the system. Possession of the token confers on holders several rights and priviledges on the platform. One of such right is benefitting from a share of generated revenue by the platform, while the remaining will be used for managing operations on the platform
• Mining: One important feature adopted by the HIBtc platform is known as transaction + token holding mining model which allows holders benefit from 50% of Hibt tokens issued through transaction processing fee mining . Each time a user transacts with HIBT token, a transaction fee is generated after which HIBTC calculates the user’s HIBT reward based on the quantity of HIBT held by the user, market price of the processing fee and the market price of HIBT at the period the transaction was done. This reward will be released once in an hour and only one account per user will be allowed to participate in this process. The higher the number of possesses HIBT token, the higher the return rates for users.
• Another mouth-watering feature introduced by HIBTC platform is the dividend bonus program in which users who participate in the program with all or part of their tokens will be entitled to different allocations of the dividend bonus depending on the duration of token participation/lock-up. The longer the duration of lock-up, the higher the proportioned allocation to such user.
• As mentioned earlier that the decision making power rests on every token holder, listing of cryptocurrencies and digital assets on HIBTC is not based on payment of listing fee, rather it is based on recommendation of HIBT holders via the HIBT holder recommendation channel feature on the platform. Users whose HIBT tokens exceed a certain amount can recommend the currency of their choice to be listed.
• To foster transparency, fairness and honesty, HIBTC will make available all data related to users’ interest regularly. Data such as income data, mining data, platform transaction data and voting data will be publicized and they can be traceable and queried when the need arises.
BENEFITS FOR TOKEN HOLDERS
Summarily, the following are ways by which participants on the HIBTC exchange platform benefit from holding the HIBT tokens:
Holders will benefit from daily distribution of generated revenue sharing
Holders have a right to participate openly in decision making
Ability of users with a quantity of HIBT tokens that exceeds a certain amount to recommend a coin of their choice for listing
Right to electing community leaders on the platform who in turn provide regular report to all HIBT Holders
Total token supply is limited to 10billion HIBT, as a result of the benefits associated with being a holder, the demand of the HIBT tokens in the nearest future would push up the value of the token and holders would benefit maximally from this going forward.
For more information about HIBT Platform, Kindly visit:
Website: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Telegram: https://t.me/www_HIBTC_com1
Twitter: https://twitter.com/HiBTC_Exchange
Writer: Crypto4ruby
Writer bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350