Is HiBTC Secure with Recent Lags in Exchanges?

You must have observed that cryptographic currencies are not given same consideration as their fiat counterparts. It is common knowledge that they are hardly accepted as payment and the few platforms that tend to do so have underlined restrictions.
What could be more frustrating than being attacked from all fronts? From strict regulations by financial houses to government banning of the currency, it seems cryptographic currencies were caged. There was breathing of fresh air when exchanges were created. This at least gave hope to the almost withering currency and restored hopes of many.

The question there of is the possibility of trading in existing exchanges that have proved their mettle in limited throughput? Since current crop of exchanges cannot offer many transactions, HiBTC aims at filling the loopholes. The tendency of the project going farther in its quest is determined by its features.

What makes HiBTC Exciting?

The first thing to strike your interest in the project is end-user governance. The blockchain is no doubt, a decentralized platform and this had in turn reflected in its outputs. Many projects hosted on the platform had abused that privilege and instead concentrated powers within themselves. That constituted conventional practice among exchanges where profits are within their confines.

If you have been looking for ways to literally escape such centralized foothold, you should consider porting your trade to HiBTC. The project is certainly the best when it comes to revenue-sharing. At the end of transactions, 50% of accumulated profit is returned to users that took part in trading.

Aside this, there is also incentive mechanism where token holders get rewarded with the HIBT token for the amount of tokens they have in their accounts. It is therefore right to posit that HiBTC has dual rewards. For traders, their incentives take diverse turn.
When trades are closed, the platform collated the total number of tokens owned by a trader and reviews its current market rate. It is pertinent to mention the role processing fees play here. Before trading, a trader parts with some fees which will also be taken into account when checking his rewards.

Revenue Sharing

Another thing to take into cognizance on the platform is redistribution of resources among users. Aside allotting half of its earning to the shared account, HiBTC also went on to facilitate effective redistribution of such profits. Through its revenue sharing, users will get their share of the profit while taking active part in governance. Since powers are not concentrated on any regulatory body, token holders call the shots on the platform.

User-centered Governance

Trading on current exchanges comes with its downsides especially in terms of decision-making. Despite your stakes, you're not allowed to lend your views and when such opportunity comes by; your opinion might actually not count.

On HiBTC, decision-making lies with the user. Being in possession of 5% of the HIBT token qualifies you for governance. Aside taking part in directions, users are also allowed to recommend currencies they feel should be traded on HiBTC. Likewise, transactions are public just as electoral powers are concentrated on users' hands. Governance however is limited to token holders. So if you're merely a user without some considerable amount of tokens in your account, governance might be distanced from you.

Prize Pool

HiBTC comprises a prize pool known as FomoHIBT Pool. The pool is vested with ascertaining how rewards are to be distributed. First, all funds pushed into the shared account will be released into the pool. Afterwards, the pool will be accumulating profits just as value of the HIBT token is on the rise. On attaining targeted price, the HIBT token will be triggering force that will set the pool in motion redistributing rewards.

However, only traders (positive contributors) that had contributed much to the exchange every day will be qualified to receive the reward. These contributors are selected based on the amount of HIBT token they bought and sold during a days exchange.

Faster Transactions

HiBTC is beating old horses to their game. It promises 2 million transaction throughputs per second. At this rate, there's no doubt that the platform will be force to reckon with in crypto exchanges.

Token Distribution

Incentives: 50%
Investors: 5%
Team: 25%
Holder Shared Fund: 18%
Marketing: 2%

More comprehensive and detailed information about this awesome project cab be found in the below links
Exchange Link: https://www.hibtc.com
Whitepaper: https://www.hibtc.com/om/about/en-us/whitepaper.pdf
Telegram: https://t.me/www_HiBTC_com1
Twitter: https://twitter.com/HiBTC_Exchange

Author's Information
Bitcointalk Username: PLMovs
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2035939
Email: [email protected]