Hello esteemed reader, in my previous article on this project, HiBTC Platform I mentioned a few advantages about the platform which I will gladly state out and complete here and i also promised to explain the HiBTC Platform special features and its token the HIBT. To get to read that previous article kindly click here: https://steemit.com/blockchain/@thaddaeus/hibtc-platform-an-in-depth-review
And now to its other advantages...
OTHER ADVANTAGES OF HiBTC PLATFORM.
TRANSACTION MINING:HiBTC will adopt a mining model known as "transaction plus token holding" this model will allow for users to receive 50% of HIBT via transaction processing fee mining. When a user makes a transaction with the HiBTC platform, a transaction processing fee is created, and then based on the HIBT held by that user and the market price of the processing fee paid by the user and the market price of HIBT, HiBTC will calculate the number if rewarded HIBT the user should receive in respect to a proportion and settle and release the HIBT once every hour.
However, to maintain the steady development of the HiBTC platform, hourly mining quantity will only be limited to just one account instead users can increase their miner grades by increasing the HIBT money holding and high grade miners will get a higher rate for fee return and also the upper limit of mining per hourREVENUE SHARING:The revenues generated from the HiBTC platform will be distributed daily to all HIBT holders while the remaining part will be used to facilitate the run of the platform.
Also, HiBTC will invent a "Dividend Bonus Program" which will be facilitated in order to encourage money holding users for a long time.
The program is a voluntary one for users to join with either part or all of the HIBT they hold, when these users enter the program their HIBT goes on a lock period as they require but which will enjoy different proportions of dividend bonus, so the larger the lock up period is, the higher the proportion of excess bonus is."1+1" CURRENCY LISTING MODE:HiBTC will implement the world's first "1+1" currency listing double channel mode which fully eliminates the current fee based currency listing mode. This "1+1" currency listing mode includes a platform selection channel and a HIBT recommendation channel.RIGHT SHARING:Current exchanges have a centralized structure of a firm featuring a board of directors or managements, but HiBTC eliminates that structure of a centralized firm there won't be any management board but will have just the founding team who will be responsible for providing technical support for the operation of the platform and this team also have the right to make decisions on major issues, have the right to vote for a community delegate, income rights etc. which will also be fully returned to HIBT holders.TRANSPARENCY AND ORDERLINESS:HiBTC platform will be highly transparent, fair and honest. Users data will be publicized in respect to the users' interest on a regular or real time basis including income data, mining data, voting data and platform transaction data which will be traceable, verifiable and queryable.HiBTC TOKEN (HIBT)
HIBT is the internal and only cryptocurrency of the HiBTC platform, which will be used to pay for services such as transaction fee on the platform. It is an Ethereum [Erc20] based token. A total of 10 billion HIBT is created and HiBTC promises to never to create more nor increase it, this figure will be constant.
HIBT holders will also have the following rights;
Right of revenue distribution: HIBT holders will enjoy a daily reward from the revenues generated from the HiBTC platform in accordance to the bonus rules.
Right of participating in decision making: With the Ethereum smart contract voting function HIBT holders will be opportuned to openly participate in the platform's major decision making.
The right to list recommendation: HIBT holders who exceed a particular quantity can also make a listing recommendation.
Voting and supervision rights: Members of the HiBTC platform will be elected by HIBT holders and replaced regularly and these elected members will regularly report their work to HIBT holders as well as receive the holders' supervision.
The HIBT will be generated in three different parts which are;
- Mine part
- Thaw part
- Early release part
For more information on this project, see to the links below;
Website: http://www.hibtc.com/
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Telegram: https://t.me/www_HIBTC_com1
WRITER'S INFO
Name: thaddaeus
Bitcointalk username: beneze
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2190968;sa=summary