Not all projects keep to its promises during made during its early stages especially when the project has become a world leader in the cryptocurrency exchange industry like HiBTC. A couple of days back while I was surfing the markets on HiBTC I saw an announcement on FomoHIBTwhich is beneficial to the entire crypto community especially the community members of HiBTC. In accordance to the HiBTC vision to offer the entire cryptocurrency community and exchange that offers a high level of transparency, openness and also community focused exchange platform by rewarding its community through its revenue sharing mechanisms. HiBTC launches FomoHIBT to benefits it’s ever-supportive community members by rewarding them through a concept of Trading+Mining by holding coins they are entitled to rewards this FomoHIBT will be open in a way that all community members are entitled to this wonderful offer from HiBTC. To further understand the concept of FomoHIBT understanding the core values of HiBTC exchange platform is very important.
HiBTC - Shared Digital Asset Trading Platform
First of all, using the new design concept and leading technology, HiBTC will provide a safe, efficient and convenient digital asset trading platform for all participants. In HiBTC, regardless of the size of the transaction, each participant can effectively achieve the investment objectives without worrying about personal privacy protection or the security of digital assets. In addition, the professional financial unit will provide investors with rich risk hedging instruments and investment target choices.
Second, HiBTC is committed to creating a completely transparent, fair and shared investment environment. HiBTC Token (HIBT) is the only token issued by the HiBTC platform, not only as a digital asset, but also representing all rights and interests of the HiBTC platform. HiBTC promises to regularly allocate the platform revenues to all HIBT holders; at the same time, the “transaction + token holding” mining model (“proof of mining hours + proof of equity” mechanism) is adopted, and 50% of the HIBT issued is rewarded to users through transaction processing fee mining.
Not only that, HiBTC will also introduce a “Dividend Bonus Program”. Users can voluntarily join the program with part or all of the HIBT it holds, which will enjoy different proportions of dividend bonus in addition to the basic dividends.
In summary, when a user makes any transaction on the platform, in addition to obtaining the target assets, it can also obtain [mining generated HIBT + basic dividends + dividend bonus]. All of the above mining and dividend data will be made public in real time and are truly transparent and accessible.
Except the equity attribute, the asset attribute of HIBT is also important. The stability of HIBT price has a direct effect on the users’ enthusiasm for participating in the transactions on the HiBTC platform. In order to guarantee a sustainable and robust development of HiBTC, we will make the “Holder Shared Fund Account” public to all users right after the platform is put into use. The HIBTs unlocked in the account will be 100% locked in the fund account until the mining is finished and won’t flow into the secondary market. The dividends these HIBTs enjoys will be first used to pay for the dividend bonus generated in the Dividend Bonus Program; and the rest will be used to buy back the HIBTs in the secondary market, which will be locked in the fund account, too. When the mining is finished, all assets in the Holder Shared Fund Account, including HIBTs and dividends, will completely belong to all the HIBT holders, and the specific disposal plan will be made public in time after the mining is finished.
Finally, HiBTC hopes to break the barriers to information asymmetry between shareholders and management, and between companies and users under the traditional “firm” model, and to build a co-governed and shared organizational structure so that each HIBT holder has the right to participate in making the platform business decisions. HiBTC introduces the world’s first exchange “1+1” currency listing dual-channel mode, which abandons the traditional fee-based currency listing mode and opens the HIBT holder recommendation channel.
Introducing the HiBTC Exchange platform
The importance of cryptocurrency exchanges to the global crypto community is great. What is the essence of a currency if it is not tradable. Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency or for fiat currency. Different exchanges have different modus operandi depending on the nature of the exchange, it is either like a stock exchange or a currency exchange at the airport, bank or local currency is exchanges such as bureau de change. HiBTC is an exchange offers the entire cryptocurrency community a trading solution that it has never experienced before through its platform that offers an exchange of digital asset in the safest, transparent and easy to use way. Traders on HiBTC will enjoy the highest level of safety of their trades, efficient transactions and also have to enjoy from the revenue model integrated into the HiBTC platform. By using HiBTC you get access to:
• The safest transacting platform available because HiBTC provide the highest level of security by collaborating with top security companies to offer HiBTC with high-level security measures and also HiBTC also uses multi-signature and cold wallet separation to put 90 percent of assets in cold storage to offer maximum security.
• Fear no more as the risk associated with single currency transactions are mitigated by providing professional investors with rich and effective risk hedging instruments by introducing financial derivatives with digital currencies as a target.
• The efficiency of transactions is guaranteed with a high-grade transactions framework integrated into the HiBTC platform. By using advanced memory coupling algorithm to handle 2 million transactions per second and also the securities-level API interface supports professional trading instructions such as high-frequency, GTT, GTC, FOK, and ICO, providing extensive technical support for professional investors.
All You Need To Know About FomoHIBT
FomoHIBT is a testament to the values of the HiBTC exchange to create a community-driven exchange and also it’s commitment to the benefits with IST ever supportive blockchain community members. Based on the concept of Fomo3D, FomoHIBT is focused on sharing the bonus pool to the community while also given them premium trading experience. By using the rules of Fomo3D each user will have an opportunity of enjoying from the bonus prize and also the price of bonus pool will keep increasing alongside the income of the exchanges and prizes in the pool will be distributed to HIBTs trading contributors daily (0;00 to 24:00 UTC) whenever the pool is triggered. It is important to note that HIBT positive contribution value= HIBT buying amount - HIBT sell amount - HIBT
Rules for FomoHIBT
It is important to know that the FomoHIBT process is automatic and tokens will be distributed into positive contributors accounts daily. To further understand how FomoHIBT aims to reward the HiBTC community the following the pool Prize, condition for distribution and method of distribution is important
• For the Pool price, HiBTC will put 100% of the daily dividend of the Holder Shared Fund into the bonus pool, every day before someone triggers the price.
• The Trigger price is fixed at the beginning of each round, it will not change during the current round. If the price of any HIBT transaction is greater than or equal to the trigger price at a certain time, the prize pool will be triggered.
• After the daily pool price is triggered, positive contribution ranking continues as it is necessary to determine the top three contributors who will enjoy 50%, 20%, 10% respectively while the remaining 20% will be distributed among other positive contributors of the day according to their respective contributions.
• The process is continuous as a new round starts after the end of old ones
• Rewards will be distributed into winners HiBTC wallet the next day.
• To offer transparency top10 contributor of each day will be displayed on a leaderboard in real-time.
To get more information about HiBTC and FomoHIBT visit the following links:
Website: http://www.hibtc.com/
Telegram: https://t.me/www_HIBTC_com1
Author: Akash55
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1196781
Email: Katakuripham@gmail.com
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