HitBTC Token (HIT) Token Burn Update – May 2022

HIT Token Burn

In May we burned a total of 43,161,828 HIT tokens (about 7 million USDT). The overall supply of HIT has officially decreased from 1,687,016,825.06 HIT to 1, 643, 854, 997.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0xd75a9647e17a528682059db60365b808dc95010e09201612bd592061ae22da5a

HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.

Find out more about the HIT Token here.

For more information about the HIT Token read our frequently asked questions here.

HitBTC Digest April 2022

April Digest

Hi!

Our experts have prepared a short digest about the main news of the crypto market and on HitBTC!

Cryptocurrency Market

BTC’s price on 30th April was $38 771

ETH’s price on 30th April was $2 833

What’s new on HitBTC

In April we burned a total of 31,816,786 HIT tokens (about 7.6 million USDT). Transaction Link

New tokens are here:

STEPN (GMT) aims to revolutionize the market of fitness applications by incentivizing millions of users to follow a healthier lifestyle.

Star Atlas DAO (POLIS) is a next-gen gaming metaverse emerging from the confluence of state of the art blockchain, real-time graphics, multiplayer video game, and decentralized financial technologies.

Smartlands Network (SLT) is a blockchain solution for financial markets and tokenized regulated assets

Convex Finance (CVX) is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards.

Neutrino USD (USDN) is an algorithmic crypto-collateralized stablecoin pegged to the US dollar.

Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC).

Prometeus (PROM) describes itself as a secure and decentralized ecosystem designed to solve real-world problems in data brokerage.

CEEK VR (CEEK) is a cryptocurrency and operates on the Ethereum platform.

Star Atlas ATLAS) aims to deliver an immersive metaverse gaming experience that encompasses several genres and combines a cinema-quality gaming experience with an ability to earn virtual assets that can be exchanged for real-life currency.

New articles:

Using Trading Bots In Bearish and Bullish Markets

Blockchain and Adult Industry

Real-Estate Tokenization

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

Liti Capital (WLITI) Trading Contest on HitBTC

Liti Capital Trading Contest

We are pleased to announce that a Liti Capital (WLITI) trading contest with a prize pool of 10,000 USDT will take place on our platform from 00:00 (UTC) on May 16th to 00:00 (UTC) on May 23rd, 2022.

How to participate?

  • Trade WLITI on HitBTC during the contest period.
  • Sit back, relax and wait until the end of the contest to see if you won. Users will be ranked on their buy and sell trade volumes during the contest period.

Prizes and Positions

  • 1st pos. – 3500 USDT
  • 2nd pos. – 2500 USDT
  • 3rd pos. – 1250 USDT
  • 4th pos. – 750 USDT
  • Pos. 5-10th – 500 USDT for each trader

Good Luck and Happy Trading!

Apply now: https://hitbtc.com/trading-contest/151

Please note that we have a zero-tolerance policy towards wash trading and other unfair trading strategies. Those suspected of wash trading will be excluded from the list of winners

The Metaverse vs. Reality: What You Can Do Within It Today?

Metaverse

The Metaverse is one of the favorite topics of the tech community. From blockchain enthusiasts to the firm Web 3 believers and AR/VR fans – everyone is braced for the opportunities the new reality has to offer. Although the underlying ecosystem is yet in an embryonic stage, there are quite a few things you, as a user, can already do within such virtual world platforms.

Gaming

Cryptocurrency gaming is thriving, and the Metaverse-based virtual world is the missing piece of the puzzle. It is an ideal environment for playing and interacting with other gamers. Besides, you can also make some extra money. The entire concept of Metaverses resonates with gaming and can potentially help with building a robust virtual reality.

Axie Infinity (AXS and SLP), Illuvium (ILV), MOMOverse (MBOX), STARL Metaverse (STARL) are just a few crypto gaming platforms building their own Metaverses. Considering the crypto gaming space is booming, the potential future developments look bright.

Real Estate

The idea of trading property digitally is not new, but transferring the process to the Metaverse definitely provides a unique spin on it. One of the Metaverse pioneers, Decentraland (MANA), is a good example of how virtual reality can help organize real estate. 

Users of the Decentraland metaverse can buy and sell parcels of land, items, and other assets, as well as create artifacts and discover the land that belongs to other users. After purchasing land parcels, you can organize them as you please – from adding NFT artworks to hosting events.

The Sandbox (SAND) and Keys Token (KEYS) are other Metaverse-related crypto platforms that allow you to invest in just about anything, be it real estate, fancy cars, yachts, or other items. 

Events

The pandemic has transformed our daily lives and opened up new perspectives. We suddenly realized that it is possible to work, shop, and even party from the comfort of our homes. As offline meetups became impossible, lots of crypto and tech events also went online rather successfully. 

Conveniently enough, Metaverse platforms have the means to host all kinds of events: professional meetups, musical concerts, fashion shows, and even city tours. Not only do they help cut operating expenses and make new experiences more affordable, but they render a special touch to the event and travel industries. Just don’t forget to add a VR headset.

Private Life

Since dating apps successfully took charge of our romantic lives, it is only a matter of time before the Metaverse steals the thunder. Private life and digital space have always been connected, so there’s no wonder that related industries are thriving. Moreover, some of our basic needs are already taken care of in the Metaverse. 

The Pleasureland MetaVerse is focused on delivering adult content. It allows users to play, party, and engage in other entertaining activities anonymously. Its NSFW token can be used to reward content creators. 

Final Thoughts

There are already quite a few legitimate Metaverse use cases: gaming, property, online events, remote work, and marketing spaces, to name a few. Should you decide to invest in any of the trending projects, HitBTC offers a variety of Metaverse-related trading pairs. 

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

HitBTC Token (HIT) Token Burn Update – April 2022

HIT Token Burn

In April we burned a total of 31,816,786 HIT tokens (about 7.6 million USDT). The overall supply of HIT has officially decreased from 1,718,833,611.06 HIT to 1,687,016,825.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x883c2b0592a88a637d1d9bda7b89bc1c7aa987a279ed6db1fbcec10d5331d3ac

HIT token, is the foundation of the HitBTC ecosystem and is used to provide incentives and rewards to our traders and active members in our community.

Find out more about the HIT Token here.

For more information about the HIT Token read our frequently asked questions here.

Using Trading Bots In Bearish and Bullish Markets

Automated Trading

Currently, HitBTC is full-packed with features that can satisfy the demands of different types of traders. Now, we want to speak about the way you can maximize your profits no matter how experienced you are and what your favorite trading strategies are. In this article, we will speak about taking your trading process to the next level via automation and the use of trading bots.

Automated trading can enhance trading in extremely different market conditions and benefit traders of all levels, especially with multiple features supported on HitBTC, whether it’s leveraged trading, futures trading, a huge set of supported types of orders, etc. Some traders prefer to invest in a bear market, while others prefer activity in a bull market. On HitBTC, with the help of trading bots, you can take advantage of both situations. Automated trading in these markets is especially good, as in the bear market, bots are free of fear, and in the bull market, bots don’t feel greedy.

A bearish market is a long period in which the price of a certain asset or class of assets is constantly declining. Yes, there can be short spikes, but they don’t change the whole trend. Many traders feel uncomfortable buying the assets that drop in price. Experienced traders feel confident investing in assets in the bear market, hoping to buy some coins low and then sell them when the price finally goes up. More than that, the strategy of “short selling” suggests that you buy an asset while its price is down to sell it at a higher price and then buy it again when the price drops. Usually, traders short sell using borrowed money to maximize the returns. The common recommendation is to open new positions in a bearish market little by little as the price goes down. It allows you to benefit from each new low instead of investing all your money at once. Automated trading makes the execution of this strategy much easier and more precise. More than that, it safeguards your plans from your own FUD. 

A bullish market is the opposite of a bearish one. The long period (2 months and more) of an upward trend on the market is usually called a bullish market, bull market, or a bull run. One of the usual trading strategies in the bull market is riding the trend, which means buying cryptocurrencies that are already going through the uptrend in order to sell them after the price reaches new heights. It is hard to calculate and predict the future peak price of this or that coin. The attempts to guess the right time for selling the asset can lead to a catastrophe. Experts advise you to sell portions of the growing assets you hold in order to gain some profits from it. This process is much easier with a trading bot. 

Here we can offer crypto trading bots that were supporting trading on HitBTC from the very start is, TradeSanta. Just like our exchange, it allows you to use multiple types of orders; it supports margin trading, futures trading, and many other features that can be used on HitBTC. It makes HitBTC and TradeSanta a good match. Another good feature of TradeSanta is that (just like HitBTC) it has a demo mode. You can explore the capabilities of a trading bot without investing real money. If you rely on trading indicators, you will find them on TradeSanta. There is also a trading terminal allowing you to make trades yourself while bots continue to perform automated work. You can also set the trade signals from HitBTC to keep track of the market state and interfere timely. On top of that, TradeSanta supports DCA and grid strategies that can help to avoid losses in margin trading when the price trend changes unexpectedly.

How can bots help out a crypto trader in bearish and bullish markets? 

When the market rises and falls continuously, it can be difficult for traders to determine the right time to buy and sell digital assets. And here is when the bot comes into play. Its trading bots can be helpful when identifying and executing cryptocurrency trades with less manual effort.

With automated trading features, traders can benefit from different algorithms. The software scans for trading opportunities based on market analytics and works remarkably faster than manual clicking. 

During a bearish cycle you should also consider buying the dip using DCA strategy. This strategy implies dividing your reserve funds into smaller chunks and making several trades multiple times. 

Conclusion

The use of trading bots is not equal to getting a passive income. Automated trading requires attention to the market trends and timeous actions aimed at adjusting the strategy if it loses its efficiency. Even so, automated trading can still save you much time and money. As HitBTC and TradeSanta are long-time partners, you have a great opportunity to try automated trading right now. 

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

Blockchain and Adult Industry

Blockchain Adult

You may easily find multiple articles about blockchain’s potential for different industries. There are lists of businesses that can benefit from going blockchain. However, many of these lists lack one of the biggest industries in the world — the adult industry. We won’t ignore the elephant in the room in this article. Instead, we will speak about the ways the adult industry embraces blockchain and why this combination can play out well for everyone involved. To avoid generalities, we will use Pleasure Network as an example — especially since its native token, Pleasure Coin, is available on HitBTC.

How Does Blockchain Improve the Adult Industry? 

Blockchain technology perfectly channels the creator-to-fan experience making the content creators the prime beneficiaries of their success. At the same time, fans can support their loved content creators directly without having to lose a large part of their donations to intermediaries. 

Cryptocurrencies help to keep the interactions with the platform private and concealed from unwanted attention. As blockchain-based solutions help to keep the encrypted data on-chain, retrieving your private data is a hard to impossible task for hackers. Of course, much depends on the quality of the platform you use and your own behavior. If you share your password or other critical info online or lose your data in a phishing attack, the info collected by the platform can get into the hands of wrongdoers.

What’s more important, adult content creators using bank accounts face numerous problems — from high fees to payment cancellations and account closures. Utilizing web3 and tokenization of the industry can seriously ease life for the people working in the adult content sector. With blockchain, content creators get free not only from studios but also from limitations imposed by financial institutions.

What Is Pleasure Coin?

Pleasure Coin ($NSFW) is the native token of the Pleasure Network. The latter is an ecosystem that includes such products as Pleasurenifty, Pleasureland, and Pleasurely. $NSFW is an ERC20 token currently based on the Polygon blockchain. The token is already available for trading on HitBTC. 

The main focus of Pleasure Network is adult content. The ecosystem is an OnlyFans competitor. Pleasure Network uses more advanced technology and offers new features and better security than the famous British platform. Safety and inclusiveness are named the priority of Pleasure Network. Pleasure Coin works with NFT markets which allow trading XXX content in the form of unique tokens.

The company is registered in the Netherlands. Initially, the platform was known as xxxNifty, and Pleasure Coin was based on Binance Smart Chain. However, the project team decided to move to the Polygon blockchain to embrace the NFT-minded community.

On Pleasure Network, the content creators can set their exclusive platforms for sharing content with their fans. The conditions and the regulation of the interactions are fully controlled by the content creators. With Pleasure Network, they build their personal space, take ownership of their self-brands, and communicate with their audience in the way they find most comfortable and reasonable. Pleasure Coin ($NSFW) serves as a universal currency and fuel for all of these platforms. Pleasure Network, as the network created especially for work with an adult content sector, suits professionals much better than traditional bank accounts.

Pleasure Network Apps

The ecosystem provides several applications. Pleasure Network names its NFT marketplace as the main app of the ecosystem. It allows content makers to create and sell unique content in the form of non-fungible tokens. The owners of this content then can hold it or resell it. Interestingly, the original creators will keep on receiving royalties from each deal. The driving power of this marketplace is Pleasure Coin ($NSFW). It makes all the transactions anonymous and safeguards users and entertainers from unwanted attention, chargebacks, account blocks, and other problems. 

Pleasurely.com is promoted as the world’s first adult social platform. Via Pleasurely, content creators can interact online via live streaming to have nude gameplays, give instructions, or stream solo videos, including cosplay or other themed videos, etc. Another option is messaging via the 1-to-1 chats. Fans can subscribe to the accounts of favorite entertainers to keep in touch with the new content. Apart from that, fans can tip their favorite content creators at $NSFW. Another product is Pleasurenifty.com. It serves as a multi-chain minter and the platform for secondary sales. It helps create NFT projects and selling/buying tokens.

Another application in the Pleasure Network ecosystem is Pleasureland. It is a metaverse space with themed NFT-real estate by Pleasure Network in it. In Pleasureland buildings (e.g., in Pink Tower), people can throw parties or spend time with their significant others in the virtual realm, etc. On top of that, if you own the Pleasureland property, you can earn it via renting out. Pleasureland is governed by the community. You can get a Pink Pass to participate in decision-making. More than that, this pass grants you access to a beta version, social rewards, and other benefits. The number of pink passes is limited to 690. One more element of Pleasureland is Pink Dolls — 1380 virtual sex dolls for spending time with or renting them out.

Final Thoughts

As you can see, blockchain turns OnlyFans-like platforms into something different and new. The best side of it is that the team behind Pleasure Coin cares about content creators and sex workers — a highly vulnerable group of people. Bonding entertainers with their fans via new tools and financial incentives that can benefit both sides is yet another huge advantage that became possible with the blockchain boom. 

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

Real-Estate Tokenization

It’s hard to think of an economic sphere that already isn’t or can’t be disrupted by blockchain technology — the applications are virtually endless. But what about real estate? Yes, even such a business with the gravity that real estate holds (some people buy a house once in a lifetime) is already being reimagined in revolutionary new forms, thanks to blockchain.

Real-estate transactions involve huge fraud risks, so both buyers and sellers hire lawyers, brokers, and bankers to avoid losses. Effecting these transactions on the blockchain can remove all of these intermediaries with algorithms via smart contracts. Blockchain-based platforms can perform verification of ownership, serve as an escrow account, and fulfill all necessary functions to secure the transaction. In addition to transforming the traditional real-estate market, blockchain enthusiasts and professionals are becoming increasingly interested in entering the metaverse real-estate market. The metaverse is a virtual space filled with lands and properties that offers limitless potential for transacting business across a broad spectrum of sectors, including entertainment, communication, and education — as well as real estate.

We can’t speak about blockchain in real estate without mentioning both real-estate tokenization and unlocking property in the metaverse as a brand-new arena within the real-estate industry. Let’s use the example of the KEYS platform to see how else the real-estate sphere can be reimagined via blockchain. KEYS Token is the foundation of this start-up platform, a utility token built on the Ethereum blockchain with a $100 million valuation that was launched in November 2021. It is the central currency for the upcoming KEYS Metaverse that KEYS is developing in partnership with Genius Ventures Inc. You can use KEYS Token to perform on-chain real-estate transactions, interact with the upcoming proprietary KEYS real-estate and luxury-asset exchange, use the Meta Mansions rental app, and more. KEYS holders will enjoy multiple benefits in both the physical and digital worlds, including discounts on the platform. 

KEYS initial NFT launch was their wildly successful KEYCard V1, which sold out in 32 seconds on December 28, 2021. KEYCard V1 unlocks numerous perks and privileges for its holders, including access and discounts to exclusive NFTs whitelists, special real-world events, and private giveaways.

On March 18, 2022, KEYS launched and sold out Phase 1 of its second NFT collection: Meta Mansions. These luxury digital mansions designed by some of the world’s top architects are the genesis residence of the KEYS Metaverse, which is being developed by KEYS in partnership with Genius Ventures Inc. Meta Mansions Phase 1 comprises 4,444 of the 8,888 NFT mansions being built in the KEYS Metaverse. Minted as 4K high-pixel-density 2D images, the mansions will eventually be fully realized as a lush, immersive 3D VR/AR experience in the KEYS Metaverse, the first of its kind to be powered by Unreal Engine 5. KEYS is taking a device-agnostic approach in building its proprietary metaverse, making it readily accessible via mobile phones, tablets, and laptops/desktops as well as through VR headsets.

KEYS Token is now available on HitBTC. Currently, HitBTC supports KEYS/ETH and KEYS/USDT trading pairs. If you’re interested in joining the growing metaverse real-estate market, KEYS Token is your gateway to digital ownership through HitBTC.

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

HitBTC Digest March 2022

We have prepared a short digest for the month of March to inform you about the main news on the crypto market and the HitBTC platform!

Cryptocurrency Market

BTC price on 31st March was $47 357

ETH price on 28th March was $3 399

The best results were shown in March:

Zilliqa (ZIL)  gone up from $0,04 to $0,18

Waves (WAVES) gone up from $16,22 to $54,06

THORChain (RUNE) gone up from $3,90 to $11,95

Aave (AAVE) gone up from $145,18 to $223,81

What’s new on HitBTC

Futures Trading is Now Live on the HitBTC App!

Futures Trading in our iOS and Android apps makes your trading experience even more convenient!

In March we burned a total of 24,752,531 HIT tokens (about 6.9 million USDT). Transaction Link

New tokens are here:

LimCore (LIMC) gives “hodlers” a chance to own a share of the mining power provided by the data centres of the Limcore company.

ApeCoin (APE) is an ERC-20 governance and utility token used within the APE ecosystem to empower and incentivize decentralized community building at the forefront of web3.

Keys Token (KEYS) transforms the way real estate and luxury assets are exchanged by increasing speed and transparency while reducing costs and friction through the revolutionary product ecosystem that will be built around the token.

Chain (XCN) is a cryptocurrency. Users are able to generate XCN through the process of mining.

New fiat pairs to the most popular cryptocurrencies:

Turkish lira (TRY20):

USDT to TRY20

BTC to TRY20

ETH to TRY20

Russian Ruble (RUB20):

ETH to RUB20

BTC to RUB20

USDT to RUB20

Brazilian Real (BRL 20):

ETH to BRL20

BTC to BRL20

USDT to BRL20

New articles:

The Trendiest Stablecoin: All You Wanted to Know About Tether USDT

NFTs and Music: Is There A Common Ground?

Futures Trading is Now Live on the HitBTC App

Сrypto wallet App

The HitBTC crypto wallet is a free and simple solution for beginners.

App on Android and iOS.

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.

Even More Pairs Now Available for Margin Trading

Margin HitBTC

We are very pleased to announce that we have added more tokens and trading pairs to our Margin Trading feature! 

Now you can access x10 leverage on BTC/BUSD, and x5 leverage on ONE/BTC, ONE/USDT, AAVE/BTC, AAVE/USDT, THETA/USDT, THETA/BTC, COMP/USDT, COMP/BTC, CRV/USDT, CRV/BTC, BNB/ETH and SOL/ETH

Margin trading is one of our most popular features and has been available on HitBTC since July 2020. By utilizing margin trading, traders can deploy smaller initial deposits to open trading positions and access leverage to increase their position size and profit depending on their trading pair of choice. 

Margin trading is available on both desktop and mobile allowing traders to adjust position sizes on the go to ensure that in case of a partial closing of a position, PNL (profit and loss) is calculated proportionally and they can keep their trades open by transferring more funds into their margin account.

Margin trading is also available on the following trading pairs allowing you to access  x12 leverage on BTC/USDT and ETH/USDT, 10x leverage on EOS/USDT, TRX/USDT, LTC/USDT, ETC/USDT, ADA/USDT, XMR/USDT, EOS/BTC, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC, XMR/BTC, 5x leverage on  ALGO/USDT, SOL/USDT, ATOM/USDT, AXS/USDT, DGB/USDT, ENJ/USDT, HBAR/USDT, DOT/USDT, MANA/USDT, OMG/USDT, ONT/USDT, SHIB/USDT, ZRX/USDT, YFI/USDT ZEN/USDT, BSV/USDT, ZEC/USDT, DASH/USDT, XLM/USDT, NEO/USDT, VET/USDT, DOGE/USDT, BSV/BTC, ZEC/BTC, DASH/BTC, XLM/BTC, NEO/BTC, VET/BTC, DOGE/BTC, XTZ/BTC, XTZ/USDT, TON/BTC, TON/USDT and x3 leverage on XRP/EOS, TRX/EOS, XMR/EOS, LTC/EOS, DASH/EOS, XEM/EOS, NEO/EOS, TRX/ETH, XMR/ETH, DASH/ETH, XLM/ETH, ZEC/ETH, ADA/ETH, MKR/ETH.

Read more about margin trading on HitBTC. 

Fees and Limits update

We have recently updated our fees and limits. For the latest updates, please visit the fees and limits section on our website here. 

HitBTC Mobile App

Don’t forget that you can trade on our platform from your mobile device. Start today by downloading the HitBTC App on Android and iOS.