AN IDEAL CRYPTOCURRENCY EXCHANGE – HIBTC
Whenever we discuss the blockchain technology; “Decentralization” comes to mind. Unknowingly to most; decentralization shouldn’t be limited to governmental influence, but that of a constituted authority that bears some undue influence over a system, courtesy of their position.
Exchange platform
Coming back on the topic, over 98% of the cryptocurrency exchanges handling our cryptocurrency transactions are very well centralized; and ran by some stakeholders. This has given rise to several vices such as;
- Counterfeiting of transaction data
- Security vulnerability
- High exchange listing prices
- Backroom deals and
- Low efficiencies
These malpractices has hindered the development of the crypto market; resulting in the loss of good investors. These sharp practices may have gone unnoticed in the eyes of the novices. How long do we let this to continue? Is this the dreams of the likes of Satoshi Nakamoto, Vitalik Butterin, etc.; who laid the ground work for what we are seeing today? The answer will always be in the negative as we introduce a revolution that has come to bring a redress to the current challenges.
HIBTC- THE NEEDED CHANGE
HIBTC is bringing into the mainstream of crypto community, a digital asset exchange that is safe, convenient, transparent and orderly. They have come to create a pathway that will revolutionize the digital exchanges from that of a centralized entity to a decentralized version where the ICO investors are not only limited to the quantity of tokens purchased but; shares in the rights and the revenue of the platform. If these promises were anything to go by then; there is need for better clue on HIBTC.
INTRODUCING HIBTC:
hibtc
The term HIBTC was derived from two acronyms; “BTC” and “HI”. BTC is the original cryptocurrency while Hi is the belief in a blockchain meeting point where people can meet and exchange greetings - Hi! HIBTC is an exchange modeled as a decentralized input from the BTC team.
ORGANIZATIONAL STRUCTURE
community
In continuation of the decentralized structuring of the HIBTC; a structural model that hands over the ownership rights of the exchange to the community having HIBTC coins (i.e. HIBT) was adopted. This is done through smartcontract voting through HIBT.
THE GOOD NEWS
Good news
The good news that amass on HIBTC are massive; having made known of their plan to ensure that your purchase of their token wins you some voting rights on the platform; other cheering news includes:
- Right to daily revenue distribution
- Right in decision making through a smartcontract enabled voting
- Right of selection and supervision; where members of the community are periodically elected into supervisory functions on the platform through smartcontracts
- Right in recommending projects to be listed on the exchange based on your HIBT worth.
- Right to participate in HIBTC Dividend Bonus Program,
While the above benefits are equity based; HIBTC also has good plan to guarantee a stable and robust development of the HIBTC token. This they hope to do by creating and making “Holder Shared Fund Account” public to every user, where the HIBT unlocked on the account will be 100% locked untill the mining is done. The dividend generated in the process will be used to pay for the dividend bonus generated in the “Dividend Bonus Program”; while the rest will be used to buy back the HIBT in the secondary market to be locked in the fund account as well. All of the listed benefits will be lodged into the Holders shared fund account and be unlocked to a robust portfolio of participating HIBTC holders, after mining.
These benefits and lots of other good ones coming the way of investors are enough proof that HIBTC remains the goldmine that investors has hardly seen in ages. Do take a look at the Roadmap for a prcise timeline coming from a platform that means business.
Roadmap
THE TEAM
HIBTC is decentralized and doesn’t have a centralized team. The team entails the HIBT holders within the community. While HIBTC appreciates the technical team who brought the platform to live, HIBT holders constitute the team.
Let’s keep the stroll as I introduce the business model and detailed functioning of the HIBTC platform in my next article.
For more details; contact the reference section:
Karlblaise1
https://bitcointalk.org/index.php?action=profile;u=2248258
REFERENCES
Website https://www.hibtc.com/#/act/homepage
Whitepaper https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Twitter https://twitter.com/HiBTC_Exchange
Telegram Channel https://t.me/www_HiBTC_com1
Bitcointalk https://bitcointalk.org/index.php?topic=5016151.0