Ever since the advent of bitcoin, different cryptocurrencies also known as the digital currencies have emerged with the sole aim of solving one problem or the other. The developers of these currencies have put various effort in place to making sure that these currencies are globally adopted and use as a means of payment. One of the ways they used to actualize this goal is by creation and full utilization of digital market known as exchange. These digital markets are designed in such a way that that holder of any type of of currency can exchange his/ her assets for another one within the digital market platform. Some digital market even enhanced a feature that allows cryptocurrency conversion into fiat. This development in cryptospace had geared up usability and mass adoption of cryptocurrencies across the globe. The existence of these digital markets has had a positive impact in the cryptospace but yet there are some problems facing these exchanges. Problems such as insecurity, high exchange listing price, unfriendly user interface e.t.c.. These problems can cause a massive loss to investors and at the same time hinder healthy growth or development of the digital asset market.
So in my quest to research for a user friendly digital asset market with maximum security, transparency, full decentralization and smooth operation, i came across HiBTC platform.
WHAT IS HiBTC
HiBTC is a digital assets market that share accordingly a portion of it's gain or profit to all the holders of it's platform token (HIBT). The holders in hibtc are refered as the community members and supporters. In hibtc, the decisions on how to operate the platform is determined by the community members and the developers. As a community member, what you need to do is to buy HIBT token and hold for a stipulated period and at the end of that period, a percentage of the hibtc profits will be given to you.
Hibtc provide a platform where digital assets can be traded. This platform is secured, transparent and user friendly for all community members. As at the time of writing this article, about 6-7 digital asssets are being traded on the hibtc platform and many more will be added in the nearest weeks. Hibtc platform was founded with the motive of making it a community based model rather than a traditional centralized digital asset market we are used to.
SOME ADVANTAGES OF HiBTC
HIBTC is a community driven platform with so many fascinating features that serve as a tool to attract investors out there to consider using hibtc platform. Some of these features are;
SAFETY: Insecurity of digital assets is one of the major problems facing investors. In hibtc, safety of the users’ digital assets is their top priority. HiBTC had partnered with top security agencies. These agencies examined the platform codes and set up multi-layer firewalls that were thoroughly checked before the platform was put into use. For optimum security, hibtc ensured that after the launch they use multi-signature and
cold/hot wallet separation to place over 90% assets in the cold wallet as so to
maximize the security of user assets.
EFFICIENCY
Operations within the Hibtc are smooth as a result of the provision of financial-grade transaction framework that uses advanced memory coupling algorithm. This algorithm can process 2 millions transaction per second. Also the securities-level API interface in hibtc platform support professinal trading making the whole operations within the platform efficient.
RISK CONTROL
In every platform risk control is one the major factors that determines how effective a platform is. This factor has become a challenge in the cryptospace as it's becoming uncontollable and professional investors find it difficult to reduce the risk effectively. HIBTC introduced financial derivatives with digital currency as target. They introduced forward contract, option contract, future contract and token financing, providing the professional investors with rich and effec!ve risk hedging instruments.
REVENUE SHARING
It has become a culture in HIBTC that profits made within the hibtc platform are shared in form of devidends among the holders of the platform token. To achieve this and make sure that every holder benefit from the profits, hibtc usually take a snapshort at the last minute of every hour. This is done in order to calculate effectively the number of token holders and the amount of tokens in each holder's wallet. Hibtc also introduced a “Dividend Bonus Program”. In this program, users can voluntarily join the program with part or all of the HIBT it holds. The HIBT joining the program will be locked as required, which will enjoy different proportions of dividend bonus. The longer the lock up period, the higher the proportion of excess bonus.
TRANSPARENCY
For effective transparency, HiBTC usually publish all data related to user interests on a
real-time or regular basis. This includes platform transaction data, income data, mining data and voting data which shall be queryable, traceable and verifiable at anytime.
HIBT (HiBTC TOKEN)
HIBT is the only token issued by the HiBTC trading platform and certificate of interest of HiBTC. The total number of HIBT issued is 10 billion, and HiBTC had promised that this number will be constant and never increase.
For more information, kindly visit;
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
Author: sholex00
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1256875
