Digital currency or electronic currency is a type of currency that is available only in digital form not in physical form like the banknote and coins.
This currencies has a similar properties like the physical currencies but it only allow instantaneous transactions and border less transfer of ownership. This digital currencies are the blockchain technology applications and recently they have experience a drastic growth over the last decade and also it has some important influence in the global economy and finance world.
In the crypto world,bitcoin is the first digital currency that was created in 2009 and the value was equivalent to $0.0041. Counting fro today, the digital currency has increased to 500 and even more and they can be seen on different exchanges which has increase the market value to about $ 400 billion.
But sadly today, they have been series of challenges and problems which have been affecting the cryptocurrency market. These challenges include ; security vulnerability ,counterfeiting of transaction data, high exchange rate and back too deals with low efficiency and these have really cause losses to the investors and hinder the development of the digital currency market.
However,this whole challenges have been occurring without any solution,so the HiBTC platform decided to bring solution to these permanently.
They want to disrupt that traditional exchange model by creating a new type of digital asset exchange that is safe,convenient,transparent and orderly.
The name of this exchange platform is HiBTC and they wants to create an exchange where new friends can be able to say Hi to the blockchain world and also embrace their platform.
MODE OF OPERATION
Immediately this platform was created , the founders decided to apply a community based model rather than the traditional centralized business model
Their main reason is that they believe with the rapid development of the internet and the blockchain technology,the organizational form of community will be more effective and it will represent the future.
In the HiBTC community,there is nothing like board of directors or management and their team members are just technicians serving hr platform who enjoy the same platform privileges and the incomes just like other participators.
In HiBTC,there is no company or customer it is just made up of community members. Each member can use the platform certificate token to make decision on all the significant matters of the community through the use of smart contracts voting and sharing the platform income in proportion to the HiBTC it holds.
THE TRADING PLATFORM
With the use of new design concept and the latest leading technologies ,the platform is going to make available a safe effective and convenient digital asset trading platform for every of their participants.
In this platform,no matter the size of transaction each participant can effectively achieve the investment objectives even without been bordered about personal privacy protection or the security of the digital assets. The professional financial unit is going to provide the investors with a rich risk hedging instruments and investment target choices.
The platform wants to create a transparent fair and shared investment environment. The HiBTC token is the only token that is been issued by thr HiBTC platform as their assets and it also represent the rights and interest of the HiBTC platform.
The platform promises to regularly allocate the platform revenues to all the HiBTC holders. They will soon introduce a dividend bonus program and users can join the program with just part or all of their HiBTC holds.
Any time any user makes any transaction on the platform in obtaining the target assets, the user csb also obtain generated HiBTC gotten from mining process plus thr dividends and the dividend bonus.
The stability of the token price has a direct effect on the users enthusiasm for participating in the transaction on the HiBTC platform. Howeven,thr platform wants to break that barriers to information asymmetry that is existing between the shareholders and the management, and also between companies and the users under the traditional firm model.
They will also introduce the worlds first exchange that will be based on 1+1 currency listing dual channel model. This model will abandon the traditional fee based currency listing model and then opens the HiBTC holder recommendation channel.
ADVANTAGE OF HiBTC
THE TOKEN
The HiBTC is the token name of this exchange and it is been issued by the HiBTC trading platform and certificate of interest of HiBTC. Thr number of tokens issued is 20 billion and the exchange promises that this number will be constant.
The HiBTC FOMOHIBT
This is an extra ordinary campaign set aside to reward users in the ecosystem. It works in such a way that HiBTC will set up a prize pool that will grow alongside with the exchange growing incomes. To make it more interesting and exciting, HiBTC shall put the 100% of the total daily dividends into the pool before someone trigger the price. If that happens, participants who participated in the trading activities of the day will received all prizes allocated to the pool. This extraordinary campaign is the first I have come across since I have been trading and the beauty about this is that it will help to stabilize the value of HIBT token in the market.
RIGHT OF THE TOKEN HOLDERS
TOKEN ALLOCATION
HOW THE TOKENS ARE GENERATED
TIMELINE
USEFUL LINKS
Website-- 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
Authors details
Bitcointalk profile link-- https://bitcointalk.org/index.php?action=profile;u=1616375;
Bitcointalk username-- ifeoma
nice post
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