As cryptocurrency quickly gains recognition and acceptance all over the world, so are the numerous ways in which they can be manipulated and turned into even more profitable ventures. One way to achieve this is through trading.
Digital assets can be traded just as well as normal currency normally would. With digital currency however, there is guarantee of safety since digital assets are already often quite secure and private.
What is trading as mining
Trading as mining mode is only accessible by real identity users who have duly completed the user identification process. These users follow a specific formula to achieve their desired outcome which is to make profits on their digital assets portfolio.
During the process of trading, 50% of the token, which in this case is HIBTC, is given to the users as a reward that they will receive a particular amount of. This token is rewarded on an hourly basis.
The amount of the reward that they are given is determined by three things:
- The trading commission that they paid initially
- The current market price of the token I.e HIBTC; and
- The percentage rate of the fee return
Users can grow their miner grades by increasing their holding balance. This is because the higher the amount of graders a miner has the higher their percentage rate of fee return will be at the top of every hour when the tokens are released.
There are however some limitations instituted by the HIBTC such as the amount of currency that can be mined by a single account. This is simply in order to maintain a steady and long-term development of the trading as mining platform.
Trading as mining has some major advantages for participants. Some of these major advantages include:
1. Low transaction fees
While on the trading is mining mode, only 0.1% of the assets received after the transaction is completed. This is relatively low and is based on the market price of the transaction fee. Most currencies are allowed to be deposited for free as well. They include bitcoin, ethereum, lithium among others. Withdrawal of digital currency will however attract a fixed charge that will be deducted from the amount that you are withdrawing.
2. Hourly token rewards
Having tokens released to the users in every hour is a good way to motivate the users to keep trading and even better, to increase their holdings in order to increase their reward rates. Hourly rewards also allow users to see actual gains withing short periods of time which is not only a motivator but also satisfactory. It also guarantees the users that, depending on the market prices, they will get something out of their trading activities.
3. Bonuses
Through trading as mining, it is possible to get more bonus rewards outside of the hourly rewards. This can be done through invitation of friends whereby if a user invites a friend to join the trading as mining platform, they receive extra rewards. Introducing more friends gains the user even more rewards. There is an invitation link through which this can be done easily. Alternatively, a user can opt to fill the invitation code located on the registration page to achieve the same result.
In addition, once the friends that the user has invited start to mine, the user can get an amount of their mining output.
4. Higher withdrawal limit
As earlier stated, in order to mine, a user needs to verify their identity. This they can simply do by providing a valid passport, drivers license or government issued ID card. One of the main benefits of a user verifying their account is that they will be allowed to make higher amounts of withdrawals.
5. Ease of navigation
The user interface for the HIBTC platform is also quite easy to navigate even for a user who is not very technologically savvy. All they would need to do is select the currency in which they would like to trade and then select the trading type indicated in the trading column. They will then select the “buy” and “sell” option to place the order. Other icons on the screen will include the limit sign to indicate the purchase or sale of the price at which as a user you want to buy or sell and the market is just for the market price which is faster to transact at. The stop limit is an order that will be executed once the price indicated by the user or a better price is reached.
All these factors make trading as mining on HIBTC a lot more profitable for digital assets owners.
Website : https://www.hibtc.com
Whitepaper : https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Author : https://bitcointalk.org/index.php?action=profile;u=1337545