What Is Hibtc?When you see HiBTC a lot of things come to mind. This exchange trading platform was dubbed HiBTC because the designers will that on the HiBTC platform, users feel free and welcomed, free enough to say ‘Hi’ to the block chain world and also keep in mind the basic reason why the platform was created.
It is safe to say Bitcoin is the first offspring of the block chain technology. It is the most popular aspect of the block chain known to many. The block chain technology was made to create a free and fair credit society.
Benefits Of Hibtc:
• It is safe
• The system is transparent and well-structured
• It is efficient
• Strategic risk control measures
• Rights sharing
• Revenues are also shared among community members
• Innovative currency listing mode
• Fomohibtc rewards that’s going on right now
HIBT is an Ethereum base token.
A total of number of HIBT to be issued is 10 billion in which no other will be created in which 1.8 billion token will be locked up for the "Holder Shared Funds". The token will be use in various aspects of the trading system such as in transaction mining, revenue sharing and in the innovative 1+1 Currency listing mode. 50% of the total token will be redistributed as transaction + token holding(transaction mining). Each fee a user pays during trading will be converted equivalently to HIBT token, by considering the current market price of HIBT and also the amount of HIBT. Also Hibtc will regularly share the exchange revenue across all HIBT in which others funds will be use for the platform.
Transaction Mining; In transaction mining, each fee payed out is converted directly into HIBT token and credit to the user wallet according to the terms after each hour. Using the giving formular below
According to the formula, Qi stands for the number of processing fee paid, Pi stands for the unit price of the processing fee paid at the time it is paid, PHIBT stands for the unit price of HIBT at the time the processing fee is paid and a% standz for the proportion of the proportion of the processing fee return the user enjoys at the time the processing fee is paid.
Hibtc tend to its maintain the growth and development by limiting the hourly mining quantity to a single account.
Hibtc Token Allocation• Total supply: 10 billion
• 50%, Trade-fee mining reward
• 18%, Holder shared fund
• 25%, Founding team and strategic partners
• 5%, Cornerstone investors
• 2%, Market promotio
HIBT Token Holders Benefit:A user holding HIBT Token have some major right across the Hibtc platform.
1. A holder of HIBT has right of revenue distribution, because according to the bonus rule all HIBT holder will receive reward on a daily basis the the revenue is been distributed.
2. A user holding HIBT has right of participation in decision making within the platform in programs such as smart contract voting and decision making of platform issues
3. Also A user holding Hibtc token HIBT has right of election and supervision. According to the platform, community committee will be change on a basis and those to be elected will be from the choice of the users, in which the committee will report their activities to HIBT holders and the HIBT holders supervise the report.
4. A User holding HIBT has a right of listing recommendation. In which he/she can recommend a token to be listed.
What is FomoHIBT?HiBTC will set up a prize pool developing in measure alongside the trades developing livelihoods. HiBTC will put the 100% of the day by day profit of the record "Holder Shared Fund" into the reward pool, each prior day somebody trigger the cost. Once the pool is set off, the HIBTs exchanging givers of the day will be conveyed all prize in the pool.
FomoHIBT Award Plan
The origin of the Fomo3D Award-winning design idea FomoHIBT has been highly acclaimed for a long time, and based on the rules of the previous plan for optimization, it is hoped that it could help community members along the way. Good quality transaction experience, can get richer benefits. HiBTC will build a continuous growth award based on the earnings of the floor, this award after being activated, all active contributing members HIBT during the day will divide the entire prize money in the prize.
Users active in HIBT during the day are only users with active HIBTC contributions 0: 00 ~ 24: 00 (UTC) per day> 0, of which active HIBT = buy in HIBT- HIBT-cash withdrawal amount HIBT.
(Note: HIBT volume and recharge amount are not counted in the positive contribution)
Explain the FomoHIBT rule:During the cumulative period of each award, HiBTC will give 100% of commission income per day to users of the "Coin Holder Fund" on the prize.
The total prize pool during the past time, when the HIBT transaction price is higher than the activation price, the prize pool will automatically activate. Once activated, bonuses accrued during this prize pool will be distributed to "all active HIBT contributing enthusiasts on the activation date."
Reward Points: During the cumulative period of each award, HiBTC will give 100% of the commission income per day to the "Money Holders Sharing Fund" user on the prize, if the day is not activated, then cumulative award. (Lake Prize includes base word of the day activation)
Trigger Condition: At the start of each period, the HIBT activation price will default, during this period will not change, if any time the HIBT arbitrage trading price is ≥ triggered, the prize pool immediately. activated.
Bonus distribution: After the prize pool is activated, the HIBT Positive Positive Ranking continues to compete. The platform will be based on 23:59:59 hours of activation time (UTC), HIBT active affiliate bonus rankings, 3 top users will receive 50%, 20% , 10% of the total prize money in the prize pool, the remaining 20% will be based on the distribution rate for other HIBT active contributors during the activation day. (If the prize pool is not activated in one day , HIBT's positive contribution ratings will be reset at 23:59:59 UTC. Active HIBT contributors not on activation date will not receive bonuses.)
After the activation of the prize, the end of the prize plan in the period, after the activation price reset, launch the award plan of the new period.
After activation the prize will be credited to the winner's HiBTC wallet the day after activation.
Users who make active contributions to HIBT Top10 every day will be published on the website, updated continuously.
The first prize plan will be officially launched at 7:00 am on September 6, 2018 Beijing time.
Official links
Website:
https://www.hibtc.comWhitpaper:
https://www.hibtc.com/om/about/en-us/whitepaper.pdfTwitter:
https://twitter.com/HiBTC_ExchangeTelegram for English 1:
https://t.me/www_HiBTC_com1
