HiBTC (The most trusted and advantages Bitcoin Exchange!! )

edenakbar (34)in #bitcoin • 6 years ago

HiBTC
The most trusted and saver cryptocurrency Exchange

Hello Bitcoin Lovers,

There is differentiate between trading forex/index and cryptocurrency trade. Trading forex is currency trading from different countries and trading index is the stock trading index in the financial market which is the combined price of various stocks based on certain categories in the stock market which can indicate overall market conditions.

cryptocurrency trading is digital money trading based on Blockchain. Cryptocurrency is not a fiat currency which means the price inflations not depend on a country economics conditions or policy.

There’s a seller, buyer and exchange in cryptocurrency trading. Cryptocurrency exchange is third party who provide crypto exchanger for buyer and seller which get fee 0,3% from each transaction.

One of the most trusted and advanced cryptocurrency exchanges is HitBTC which established since, HiBTC provide cryptocurrency exchange such as Ethereum, Litecoin, Dogecoin, Monero, USDT and others crypto up to 300 cryptocurrencies.

HiBTC is a platform solution which is most reliable, fast and powerful solution on trade market. It Created the most professionals finance and technical and experiencing traders. HiBTC has goal to disrupted the traditional exchange model which more save, convenient, efficient, transparent and orderly for all participant.

In HiBTC, regardless of the size of the transactions, each participant can effectively achieve the investment objectives without worrying about personal privacy protection or the security of digital assets. In addition, the professional financial unit will provide investors with rich risk hedging instruments and investment target choices.

HiBTC is committed to creating a completely transparent, fair and shared investment environment. HiBTC Token (HIBT) is the only token issued by the HiBTC platform, not only as a digital asset, but also representing all rights and interests of the HiBTC platform. HiBTC promises to regularly allocate the platform revenues to all HIBT holders at the same time, the “transaction + token holding” mining model (“proof of mining hours + proof of equity” mechanism) is adopted, and 50% of the HIBT issued is rewarded to users through transaction processing fee mining.

HiBTC will also introduce a “Dividend Bonus Program”. Users can voluntarily join the program with part or all of the HIBT it holds, which will enjoy diﬀerent proportions of dividend bonus in additional to the basic dividends.

when a user makes any transaction on the platform, in addition to obtaining the target assets, it can also obtain [mining generated HIBT + basic dividends + dividend bonus]. All of the above mining and dividend data will be made public in real time and are truly transparent and accessible.

HiBTC Exchange Advantages

Safe
Safety of the users’ digital assets is our top priority. HiBTC collaborates with top security companies, examining the platform codes and sending up multi-layer firewalls before the platform is put into use, and after its launch, using 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.

Eﬃcient
HiBTC provides users with a financial-grade transaction framework, which uses an advanced memory coupling algorithm to handle 2 million transactions per second; meanwhile, the securities-level API interface supports professional trading instructions such as high-frequency, GTT, GTC, FOK and ICO, providing extensive technical support for professional investors.

Risk control
The risk of single digital currency spot transaction is uncontrollable, and the professional investors are unable to reduce the risk eﬀectively. Based on the digital currency spot transaction, HiBTC will further introduce the financial derivatives with digital currency as target, including but not limited to forward contract, option contract, future contract and token financing, providing the professional investors with rich and eﬀective risk hedging instruments.

Transaction mining

HiBTC adopts the “transaction + token holding” mining model， under which 50% of the HiBTC Token (HIBT) is rewarded to users through transaction processing fee mining. Every time a user participates in a transaction with HiBTC, a transaction. processing fee is generated, and then based on the HIBT held by the user and the market price of the processing fee paid by the user and the HIBT market price, HiBTC calculates the number of rewarded HIBT the user should receive according to a proportion and settle and release the HIBT once per hour.

Number of HIBTs mined in one transaction by the user =

(Qi × Pi ÷ PHIBT) × α%

Wherein,
Qi stands for the number of processing fee paid;
Pi stands for the unit price of the processing fee paid at the time it is paid;
PHIBT stands for the unit price of the HIBT at the time the processing fee is paid; and α% stands for the proportion of the processing fee return the user enjoys at the time the processing fee is paid

To maintain a long-term and steady development of the platform, HiBTC will limit the hourly mining quantity by a single account.

Users can increase their miner grades by increasing the HIBT "money holding", and high-grade miners will get a higher rate of fee return (a%) and the upper limit of mining per hour.

Revenue Sharing

HiBTC promises to regularly allocate the platform revenues to all HIBT holders and the remaining part will be used for platform operation.

At the last second of each hour, HiBTC will snapshot the HIBT holding status of all users and calculate the dividend distribution scheme according to the platform revenues within that hour and the ratio of HIBT held by each user. The daily accumulated dividends will be released the next day.

In order to encourage money holding users for long time, HiBTC will introduce a “Dividend Bonus 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 is, the higher the proportion of excess bonus is!

World’s first “Holder Shared Fund”

Of the HIBT issued by HiBTC, 1 billion 800 million will be allocated to the "Money Holder sharing fund", (which is thawed according to the proportion of mining output). and the fund account will be made publicly to all users right after the platform is put into use. The HIBT unlocked in the account will be 100% locked in the fund account until the mining is finished and won’t flow into the secondary market. This part of HIBT dividends will be used to repurchase secondary market HIBT. HIBT got by purchasing will be locked in the fund account, too. When the mining is finished, all assets in the Holder Shared Fund Account, including HIBT and dividends, will completely belong to all the HIBT holders, and the specific disposal plan will be published in time after the mining is finished.

Innovative “1+1” currency listing mode

HiBTC introduces the world’s first “1+1” currency listing dual-channel mode, which completely abandons the traditional fee-based currency listing mode. The “1+1” currency lis!ng dual-channel mode includes a platform selection channel and a HIBT holder recommendation channel.

The platform selection channel requires the applicant hold and lock on HiBTC a certain quantity or proportion of HIBT as the “investor protection fund” during the currency listing period, which is not unlockable during the listing period. In case of any counterfeeding or fraud by the lister during the listing period, which causes signiﬁcant losses to the investors, the investor protection fund will be paid to related investors.

The other currency listing channel is that HIBT holder’s recommendation channel of listing. If
HIBT exceeds a certain amount, users can initiate the recommendation of currencies. Once
the recommended support rate reaches the platform’s requirements, the platform will issue an inviting currency to the project side.

We hope that“1+1” mode can break the plight of the users choosing from limited choices and remove the short-term interest binding so that the users can take the initiative to decide what they need.

Right sharing

HiBTC discards the traditional centralized structure of a “firm” and there is no board of directors or management, just the founding team responsible for providing technical support for the platform operation. the right to make decisions on major issues, income rights, the right to elect community representatives, etc. Which will be fully returned to HIBT holders.

Transparent and orderly

HiBTC will publicize all data related to user interests on a real-time or regular basis, including but not limited to platform transaction data, income data, mining data, and voting data, which shall be quarriable, traceable and verifiable. We are really practicing transparency, fairness and honesty.

HIBT (HiBTC Token)

HIBT is the only token issued by the platform and certificate of interest of number of HIBT issued is 10 billion, this number will be constant and never increase.

What rights do HIBT Holder Enjoy?

As the proof of negotiable encrypted digital equity, token will become an essential element in the coming digital economy era. Representing the rights of the HiBTC community, HIBT is the cornerstone of governance of the HiBTC community.

How is HIBT generated?

HIBT is divided into three parts: "mining part", "thawing part" and "early putting part”.
Among them:

Mine part: the user participates in the transaction, produces the transaction fee, HiBTC according to each user's HIBT money holding situation and the fee of payment and the market price of HIBT, according to diﬀerent proportions, the amount of the HIBT reward should be obtained, and each hour is settled. The specific mining rules are shown in the previous article.

To thaw part: in order to ensure fairness, the parts were frozen in advance, and then released according to the proportion of HIBT excavated from the excavated part. HiBTC released by thawing=HIBT of mining output*43%/50%

Early release part: in order to ensure market stability, 5% of HIBT will be gradually put to the cornerstone investors after 6 months on the platform, and HIBT that don’t put into market will be locked out as non-tradable currency on the platform and not participating in the dividend; 2% is used for marketing, HIBT that don’t give to the participants of the promotion actives, and is also locked as a non-tradable currency on the platform, not participate in dividends.

How are HIBT allocated?