Hotbit Token (HTB) is an integral part of the Hotbit Platform, a digital currency exchange platform that aims to build an ideal ecosystem surrounding cryptocurrency transactions. The strategy behind Hotbit's project approach includes creating a high liquidity market fund, automatic community token-listing, a digital assets wiki system, a supportive core team and service system amplified by the community, and a comprehensive design for derivatives.
Exoteric Market Making Pool
In order to mitigate risks at the initial stages of operation, Hotbit has implemented an exoteric market making pool. Initially accessible only to the project party, the pool aims to open up to all clients by the second quarter of 2018. The objective is to inject assets together with the project party and the community to create a high liquidity market making fund. This will enable good market depth and width for traders, helping to stabilize the price of trading assets. The algorithm for the market making pool is developed by a top-tier quantitative trading team on Wall Street and can be directly integrated into the exchange system, offering free access to the project party and the community.
Community Automatic Token-Listing System
Hotbit has established a community automatic token-listing system. Initially, it will only support ERC20 tokens, but plans are in motion to extend it to other types of blockchains. The responsibility lies with the ICO party or the community to provide fundamental information. Following a swift verification process by the exchange, the market making pool will start accepting capital injections. Once the capital injection meets the necessary market making fund requirements, the asset will be automatically listed.
Digital Assets Wiki System
Launching by the second quarter of 2018, the digital assets wiki system intends to leverage the community's strengths to supplement various information on trading assets. This system will help identify potentially fraudulent projects, rewarding contributors with HTB.
Core Team and Community Supported Service System
As the user base continues to grow exponentially, traditional customer service departments are finding it difficult to sustain development. Hotbit's solution to this is to design a global customer service system that invites community participation. Service providers within this system will be rewarded with HTB tokens.
Design for Derivatives
Hotbit aims to create an open derivative design platform in the second and third quarter of
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