Hotbit Token (HTB) is the cryptocurrency project token of Hotbit Platform itself to create an ideal ecology system for digital currency exchange.
1.Exoteric market making pool (To lower the risk at the beginning of the operation, it’s only accessible to the project party and temporarily devised to be open to all clients in the second quarter of 2018).The project party and the community will inject assets together to create high liquidity of the market making fund, create good market depth and width for traders, and help to stabilize the price of the trading assets. The primary goal of the market making pool is to increase the liquidity and the secondary aim is to maintain the stability of the capital and keep balance of the position. The algorithm of the market marking pool is developed by the prime quantitative trading team on Wall Street and directly inserted to the exchange system, accessible to the project party and the community free of charge.
2.The community automatic token-listing system( during the initial period, only ERC20 tokens are supported and later will extend to other type of blockchains. It will depend on the ICO party or the community to provide fundamental information. The exchange will carry out fast verification, after which the market making pool will begin to accept capital inejection. When the capital injection meets the minimal requirements of market making fund, the asset will automatically get listed.
3.The digital assets wiki system (the second quarter of 2018) will use the community’s strength to supplement various information of the trading assets and find out the projects which have potential frauds, the contributors will be rewarded with HTB.
4.Core team & Service system supported by the community. With the explosion of users, traditional customer service department is difficult to develop sustainably under the burden of a million-scale customers. Hotbit will design a worldwide customer service system participated by the community and the service providers will be rewarded with HTB.
5.Abundant design for derivatives. Hotbit will create a open derivative design platform(During the second and third quarter of 2018) and absorb professional agencies to design and issue option, contracts, ETF and many other derivatives. Both designing and trading derivatives will need to hold and consume a certain amount of HTB.
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Hotbit Exchange Review
September 5, 2020
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- Cryptocurrency exchangePlatforms for buying and selling digital assets: cryptocurrencies, tokens, NFTs, futures, etc. They perform the same role as regular stock exchanges.
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- Blockchain (company)Blockchain is a blockchain and software development company offering hardware and software cryptocurrency wallets.