Trading as Mining Description
50% of HIBTC Token(HIBT) is rewarded to users through trading process. Users will get an amount of HIBT when they are trading on HIBTC Exchange. Every time when a user paid trading commission, HIBTC will reward he/she an amount of HIBT. There are three factors decided how many HIBT can a user get. One is the trading commission paid, another is the current price of HIBT, the last one is the rate of fee return (a%).
For an example, when John buy 1,000 Bitcoin(BTC) on HIBTC, HIBTC will charge a 0.1% fee, which in this case will be 1 Bitcoin. When HIBTC received the commission fee which would happened instantly after John finish the trade, HIBTC will reward John with 1 Bitcoin worth of HIBT, if the rate of fee return (a%) is 100%. This reward will be release every one hour.
‘Trading as Mining’ is only for valid for real-identity users, please complete identity verification.
Number of HIBTs mined in one transaction by the user =(Qi ×Pi ÷PHIBT)×α%
- 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 the HIBT at the time the processing fee is paid;
- α% stands for the proportion of the processing fee return the user enjoys at the time the processing fee is paid
Users can increase their miner grades by increasing the HIBT holding balance, the higher grade miners will get a higher rate of fee return (a%) and the upper limit of mining per hour.
To maintain a long-term and steady development of the platform, HIBTC will limit the hourly mining quantity for each account.
Users can increase their miner grade by increasing the HIBT "money holding", and high grade miners will get a higher rate of fee return (a%) and the upper limit of mining per hour.
If users invite friends, they can get extra rewards:
Friend invitation rewards
Friends can use your exclusive invitation link to register, or register on the registration page after filling in your invitation code. You can additionally receive a proportion of HIBT bonus for your friends' mining output.
You can also get an amount of your friends’ ‘mining’.
The mining HIBT will be released every one hour.