📊 BiKi Exchange lists Hybrix (HY) 🚀💯

I didn't even have time to fully explore the Hybrix Project and it is already listed and pumped on biki exchange... sorry guys. But I hope you started following it right after my first blog post about this amazing multi-ledger token that brings us complete transaction freedom and, thanks to it, you didn't miss the opportunity to trade HY, or buy it at the really low price that was around $1.25 per 1 HY and hold till moon. Because now it costs around $5 bucks per 1 HY and who knows how much it will cost tomorrow or the next day after tomorrow!

Now HY is definitely showing a good performance, especially for today's market. Just look at the pic above. It looks like people have realized the potential of this project and all benefits that it brings to us and to the whole crypto-market.

So, I definitely will continue to explore a tech part of Hybrix, but this post is dedicated to HY BiKi listing and some token metrics.

And I think, it is important to know the following key features of BiKi exchange: it was founded in August 2018; UI translated to many languages, including English, Chinese, and Russian; it serves more than 2 million users from more than 100 countries and regions; it was founded with the strong support of Du Jun, the former co-founder of Huobi, that invested his own 5 million USD; it is founded with in-depth co-operation with the Tron and Justin Sun; the biggest crypto VC's like Genesis and FBG Capital invested in this exchange; it is already listed on CoinMarketCap and CoinGecko; BiKi really aims to replace today's biggest industry leaders, and has real chances to bite them; it is among top 10 blockchain companies to watch in Asia by Forbes and others.

About the HY listing

On 2020/05/18, 18:00 (GMT +8) the HY deposits were opened for BiKi users and the trading against USDT was launched. And after that, on 2020/05/20, 18:00 (GMT +8) HY withdrawals became accessible. So now you can enjoy the full trading experience with HY/USDT pair. The trading volume is constantly growing from the very beginning and allows you to buy as much HY as your risk-management strategy allows.

Also, a series of 3 activities were launched by BiKi, one of which is, unfortunately, ended today, on May, 20. But two others are still ongoing and you can read about them here.

HY token supply, metrics and economy

As an homage to the crypto godfather Bitcoin, Hybrix will have the same limited total supply, 21 million HY, with an initial supply of max 8.1 million HY, which will be split between the Hybrix team, HY Token Sale, and AirDrop&Bounty participants. Also HY cross-ledger token will be issuing gradually, 1/5th of the remaining tokens will be issued each next year. And these HY will be used as an additional reward to the network validators. So as you could think now, there is a sense in running the HY node, and of course, you can read about this on their main website.

Schematically HY token release looks like in the pic below. On top is the total tokens released, the number on the bottom is tokens form the token sale.

Of course, the team expecting people will use HY cross-ledger token to store and transfer value, like BTC or any other cryptocurrencies. But even if not, the HY token has several other use-cases, main of which are the following:

• Using HY as a new HRC1 token on top of Hybrix protocol, issuing and renewal fees.
• ICOs and crowd fundings that envisages new HRC1 tokens issuing.
• Payments for the use of paid Hybrix blockchain platform services, dApps deployments, or developers toolkits, if such will exist. For now, the code is open-source and everyone can start building on top of Hybrix completely free of charge.
• And the most important is that HY will be used as a transaction fee within the own network. Or it may also be used as a transaction fee in a newly issued HRC1 token network. But here, the issuer can opt how to reward his network validators in his own native token or in HY, or even in another token or cryptocurrency.

Of course, it would be cool that everyone chooses to use the HY network as the main network, with the network validation rewards in HY tokens. As it is happening in the Ethereum network right now, for instance. Just imagine that the same is happening in the HY network, isn't it cool? Everything may happen in the crypto world.

And returning to our topic. Initially, all the fees will be distributed to the Hybrix network validators, following the yearly HY issuing plan, and it will be handled manually, but subsequently automated across the protocol. Also, each transaction fee in the HY network will consist of two parts: 1) a minimum required fixed amount for burning; 2) an addon floating amount. You can read about them in the Hybrix Tokenomics Paper here.

Also, it always important to know the HY token generation specifications, numbers and dates. Usually, it helps you to build your investing or trading strategy, of course, if you plan to include HY there. All info in the illustration below is calculated under the assumptions of:

ᄂ Pre-sale : 0.6 MM HY sold for 2.00 USD, with bonuses: 15.0% for all investors and 5.0% for large investors (>100 000 USD) = 1.0 MM USD raised
ᄂ Public Sale : 7.5 MM HY sold for 2.00 USD, with bonuses: 0.0% for all investors and 0.0% for large investors = 15 MM USD raised

Basic token information

TGE event summary

First Wave of TGE

Second Wave of TGE

Total tokens allocation. Assumes reached Hardcap

Token Sale: 80.2%
AirDrop: 16.8%
Team: 3.0%

Raised funds allocation. Assumes reached Hardcap

Research and Development: 40%
Marketing: 40%
Legal: 20%

So now, I hope you know a bit more about Hybrix protocol token metrics and economic model and you will build your investment strategy more accurately and detailed. What about the tech part of the project, it will be described more detailed in the following posts about this project.