THE IMPECCABLE SIGNIFICANCES AND ADVANTAGES OF HiBTC

INTRODUCTION

The rapid global economy and financial growth experience in this last decade is significantly influence by a blockchain application expressed through digital currency. These digital assets have laid foundation for value discovery and circulation of wealth. Digital currency came into being in 2009 and the first currency that was introduced was ‘Bitcoin’. Though bitcoin came into being in 2009 but it was never used for any formal transactions until May 2010 when Laszlo Hanyecz from Florida used it, and during this period one bitcoin was equivalent to about 0.0041 USD. In July 2010, another digital currency also emerged created by Jed Mccaleb the originator of eDonkey. Mccaleb discovery became the first largest digital currency and this pave the way for increasing use of digital currency for transactions.
Currently in this 2018, there are more than 500 digital currency exchanges and over 1,500 types of digital currencies, totaling a market value of about 400 billion USD. However, behind this overwhelming development of digital currency market, several factors still underpin it efficiency, some of these factors include the following;
• Counterfeiting of transactions data
• Security vulnerabilities
• High exchange listing price
• Backroom deals and low efficiency
The above listed problems have not only cause losses to investors but also hinder the health development of the digital currency market. To resolve the aforementioned problems and the need to create a healthier digital currency market that will modify the traditional exchange prompted the creation of a new type of digital asset that is safe, efficient, convenient and orderly called "HiBTC".

MEANING OF HIBTC

In digital currency market, Bitcoin (BTC) is the first child of blockchain technology which represent the mind of the blockchain technology whereas HiBTC is an improvement to all traditional exchange models. HiBTC is a friendship platform build to encourage friendship. Here every new friend can say "Hi~" to the blockchain world and she can be embrace as well. At the same time, it also reminds each participant, including the system to be faithful to the original aspiration and continue marching forward.

ORGANIZATIONAL FORM
Organizational form of community will be more effective, which will also represent the future. Thus, as the economy grows, community desires their voice to be heard and one of the ways to achieve this is through HiBTC. HiBTC community neither has a “board of directors nor a “management”, and the founding team is just technicians serving the platform. The founding team enjoys the same platform privileges and incomes as any other participants. There is no “company or “customer” here, just community members. Each community member can use its platform certificate HiBTC Token (HIBT) to make decisions on all the significant matters of the community through smart contract voting and share the platform income in proportion to the HIBT it holds.

ADVANTAGES OF HIBTC

1. SAFETY
   HiBTC collaborates with top security companies to inspect the platform codes and setting up multi-layer firewalls before the platform is put into use, and after its launch, it also uses multi-signature and cold/hot wallet separation to place over 90% assets in the cold wallet as so to maximize the security of users assets. Safety of the user’s digital assets is top priority of HiBTC.

2. EFFICIENT
   This platform offers it users a financial-grade transaction framework that uses an advanced memory coupling algorithm to handle two million transactions per second; whereas, the securities-level API interface supports professional trading instructions such as high-frequency and providing extensive technical support for professional investors.

3. RISK CONTROL
   This platform introduce the financial derivatives with digital currency as target, including but not limited to forward contract, option contract, future contract and token financing which provides professional investors with rich and effective risk hedging instruments.

4. RIGHT SHARING
   HiBTC disassociate itself from the traditional centralized structure of a“firm” possessing no board of directors or management, just the founding team are 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.is handed over to HIBT holders.

5. TRANSPARENT AND ORDERLY
   All data relating to HiBTC are publicize to user on a regular basis, including platform transactions data, income data, mining data, and voting data and this data can be traceable and verifiable. This practice of transparency, fairness, honesty and orderliness exhibited by HiBTC can never be compared by any other platform.

6. FOMOHIBT:HiBTC will set up a prize pool growing in size along with the exchanges growing incomes. HiBTC shall put the 100% of the daily dividend of the account “Holder Shared Fund” into the bonus pool, every day before someone trigger the price. Once the pool is triggered, the HIBTs trading contributors of the day will be distributed all prize in the pool.

7. INNOVATIVE “1+1” CURRENCY LISTING MODE
   The introduction of “1+1” currency listing dual-channel mode has obviously eliminate the traditional fee-based currency listing mode. The“1+1” currency listing dual-channel mode includes a platform selection channel and a HIBT holder recommendation channel. The platform selection channel requires that an applicant should hold and lock on HiBTC a certain quantity or proportion of HIBT as the“investor protection fund during the currency listing period, which is lockable during the listing period. This lock fund is use to settle any losses that may be incurred during listing period either as a result of counterfeiting or fraud by the lister. In case of any counterfeiting or fraud by the lister during the listing period. This causes significant losses to the investors. The other currency listing channel which is HIBT holder’s recommendation channel of listing is taken into account when the HIBT exceeds a certain amount. One this happen, users can initiate the recommendation of currencies and when this recommended support rate reaches the platform’s requirements, the platform will issue an investing currency to the project side. The ultimate reason of this“1+1” mode is to break the plight so that users can choose from limited choices and remove the short-term interest binding so that the users can take the initiative to decide what they need.

Exchange Link: 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

Writer's Info
Bitcointalk Username: cryptoboss255
Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=2106798