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.

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.

Arenum (ARNM) with 60% APY is now live on HitBTC!

Arenum

Arenum, the wildly successful gaming platform and $ARNM tokens allow you to become the biggest player in eSports by supercharging eSports with the Play to Earn concept.

The project  is an evolution of mobile gaming and cryptocurrency which has a feature-rich ecosystem to attract players and engage them for the long term while providing rewarding incentives for developers and gamers alike.

For the unacquainted—the Play to Earn model enables gamers to earn while they play their favorite games. Hence, it can be said with absolute certainty that we are very close to a time where earning while playing games is completely normalized, and it becomes an integral part of gamers’ lives.

Stake ARNM 

In order to be able to stake, you have to complete account verification and enable 2FA.

Useful links:

Instructions. Staking on HitBTC

About crypto staking

Futures Trading is Now Live on the HitBTC App

Futures Trading

Recently, HitBTC added perpetual futures, a new cryptocurrency trading tool, to its web-based exchange. In just a few months, the demand for futures trade grew exponentially, proving a valuable addition to our product line. Now, we’re releasing this functionality in our Android app to make your trading experience is even more convenient.

We believe that this product will be in great demand among seasoned traders and those starting their crypto journey. Futures trading allows users to manage risks and balance price fluctuations when used alongside traditional trading strategies. And since we’ve added the tool into the HitBTC mobile app, it will stay within your reach 24/7. 

Perpetual Futures: The Basics

Perpetual futures are an exchange tool that enable its users to buy and sell assets on a specific date in the future at a particular price. Once the date comes, the user must close the contract at the asset’s current price, regardless of the initial prediction.

If you calculate and execute your futures contract properly, you can collect profits that are  paid out every 8 hours.

Perpetual futures can serve as an independent strategy for gaining profit and also be used alongside margin and spot trading techniques. They are an excellent tool for risk management as they allow users to get additional hedges when market movements are not in one’s favor. Besides, futures enable traders to go over their balance using high leverage amounts of up to x100.  

Finally, futures allow traders to open positions for assets they do not actually have. Suppose the BTC price starts falling, but you currently do not own any BTC. In this case, you can open a short position using perpetual futures.

Keep in mind that even if you don’t physically own any assets, futures are still linked to them, and their performance depends on the state of the market. Nevertheless, when used rationally, perpetual tools can help level up your trading strategy. 

Perpetual Futures onin the HitBTC App

By adding futures to our app functionality, we aimed to create a universally accessible platform for any type of trade, be it spot, margin, or futures. Not to mention that having uninterrupted and quick access to one’s portfolio definitely puts their mind to ease.

Currently, HitBTC offers 22 pairs available for perpetual futures trading, and we’re constantly updating our asset availability, depending on popular demand. 

To start trading futures in the app, choose the Futures tab on the right side of the trade screen, pick a contract, and transfer the necessary amount of USDT from the Spot to the Derivatives account. Then, you’ll need to add USDT Margin, set the leverage, and place your order. You can check your orders and position on the Orders screen. 

Should you need more information on how to trade futures in our app, check out this detailed guide.

Read more about perpetual futures: 

Why Trade Perpetual Futures?

All You Need to Know About Perpetual Crypto Futures 

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

February digest from HitBTC

February Digest 2022

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

Cryptocurrency Market

BTC price on 28th February was $37 797 

ETH price on 28th February was $2 616 

The best results were shown in February:

 Terra (LUNA) gone up 77,77%, from $52,21 to $79,04

 Waves (WAVES) gone up 73,66%, from $9,03 to $12,77

What’s new on HitBTC

Staking  up to 20% is live on HitBTC. The easy way to stake coins will allow anyone to gain additional profit regardless of their experience with crypto.

In February we burned a total of 40,100,170 HIT tokens (about 9.5 million USDT). Transaction Link

New tokens are here:

Kucoin (KCS) is the native token of KuCoin.

Huobi BTC (HBTC) is the native token of Huobi Blockchain Team.

API3 (API3) stated goal is to allow decentralized versions of APIs to be built, managed and monetized at scales.

Viblos (VIBLO) can allow content creators to validate their works before placing them on the market.

Beldex (BDX) s a privacy coin and a utility on the privacy-preserving DApps

Moonriver (MOVR) is an Ethereum-compatible, smart-contract parachain on Kusama.

Serum (SRM) is a decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance (DeFi).

Bonfida (FIDA) bridges the gap between Serum, Solana, and the user. It is the flagship Serum GUI and brings Solana Data analytics to the field.Mission Helios (HELIOS) is the first decentralized space community to ever launch an imagery nano-satellite to orbit and mint earth’s images as Non-Fungible Tokens on the ethereum blockchain.

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 – February 2022

HIT Token Burn

In February we burned a total of 40,100,170 HIT tokens (about 9.5 million USDT). The overall supply of HIT has officially decreased from 1,783,686,312.06 HIT to 1,743,586,142.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0xb8c3fd8b85fe0b30f5a769ff21a027500622a099fad11213d8f4adbb86239dc7

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.

Staking is finally live on HitBTC!

The HitBTC is excited to share that the long-awaited staking functionality is now available for exchange users. The easy way to stake coins will allow anyone to gain additional profit regardless of their experience with crypto.

One of the leading Bitcoin exchanges, HitBTC caters to institutional and private investors, making transactions with digital currencies as straightforward as possible. The fundamental goal of the exchange is to build the most extensive liquidity pool in the DeFi space, and staking functionality is yet another step in the right direction.

Available coins And tokens for Staking:

Token/СoinsEst. Annual YieldPayout Frequency
PRIVATEUM INITIATIVE  (PVM)7.99%1 month
Alchemix (ALCX)20%1 day
dYdX (DYDX)15%1 day
Huobi BTC (HBTC)1%1 day
Ontology (ONT) 15%1 day
Synthetix Network (SNX)1.5%1 day
TerraUSD (UST) 11-16.5%1 day
GLEEC (GLEEC)7.77%1 week
IQeon (IQN) 5%1 week

In order to be able to stake, you have to complete account verification and enable 2FA.

Useful links:

Instructions. Staking on HitBTC

About crypto staking

HitBTC Token (HIT) Token Burn Update – January 2022

HIT Token Burn

In January we burned a total of 27,283,318 HIT tokens (about 7.7 million USDT). The overall supply of HIT has officially decreased from 1,810,969,630.06 HIT to 1,783,686,312.06 HIT as a result of this recent burn.

Transaction Link: https://etherscan.io/tx/0x651523ef7ced370c2238bbeedb17ade75f85ff36c4eca22ce975ddf3259ae45f

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.

November 2021 Digest

November 2021 Digest

HitBTC experts have prepared a short digest informing you of the main news that has taken place recently in the crypto market and on the HitBTC platform!

Cryptocurrency Market

BTC closed in the red 7%

ETH showed stability and closed the month +0.10%

– GameFi tokens have reached new highs in November: 

      Axie Infinity (AXS) is a blockchain-based trading and battling game that is partially owned and operated by its players.

      Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

      Enjin Coin (ENJ) is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products.

      Gala (GALA) is an Ethereum token that powers Gala Games, a platform for blockchain gaming.

      luvium (ILV) is an open-world fantasy battle game built on the Ethereum blockchain. 

      Mobox (MBOX) is the native utility token that is used for processing transactions through the NFT gaming platform and staking for platform bonuses and incentives.

      Sandbox (SAND) is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game.

      Starlink (STARL) is the key to STARL Metaverse: 100% unlocked, renounced, and community-driven.

      Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds.

      WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. 

      Ultra (UOS) is serves a variety of purposes within the Ultra platform, both at the protocol (staking) and at the app level (transactions).

      Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that invests in virtual world non-fungible tokens (NFTs).

What’s new on HitBTC:

We have also increased the leverage for these perpetual futures trading assets:

$BTC – 100x

$ETH – 75x

$ADA – 75x

$SOL – 75x

Trade Perpetual Futures now

We have added the Xanpool payments gateway to our trading platform and payments gateway to our trading platform and users in Asia can buy and sell crypto using SGD, MYR, HKD, VND, INR, PHP, THB and KRW.

  • New tokens are here:

ALCX (Alchemix) is the governance token for the self-paying loan protocol Alchemix.

ALPACA (Alpaca Finance) is the lending protocol allowing leveraged yield farming on Binance Smart Chain. 

BNX (BinaryX) is the governance token for Cyber Dragon, a Play to Earn Game based on Binance Smart Chain.

BTCBAM (Bitcoin BAM) is based on the UTXO model, it adopts the consensus mechanism of PoS and is a public blockchain.

CITY (Manchester United Fan Token) – Official Manchester City F.C. Fan Token.

DAR (Miners of Dalarnia) – The DAR token is the official token in Mines of Dalarnia and represents the game’s governance. 

ENS (Ethereum Name Service) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. 

JASMY (JasmyCoin) is the governance token for the Jasmy platform, designed to protect individual data sovereignty by blending IoT technology with blockchain.

LTNM (Bitcoin Latinum) is a bitcoin hard fork, which aims to pick up where Bitcoin’s idea of being bankless and peer-to-peer electronic cash system left off.

MIMO (Parallel Protocol) is the governance token of the Mimo DeFi platform that allows its users to enjoy liquidity from their crypto assets without selling them.

MOVR (Moonriver) is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network.

PAR (Parallel) is a decentralized, collateral-backed synthetic asset algorithmically stabilized to the Euro currency. 

PLI (Plugin) is a decentralized Oracle Platform that provides cost effective solutions to any smart contract which runs on XinFin XDC Network Eco System. 

REQ (Request) is a utility token that ensures the performance and stability of the Request Network, a payment solution that works with all global currencies. 

SKP (Skyswapp Protocol) is a decentralized payment asset, intended to promote the use of Digital Assets and Blockchain-based technologies in the aviation, hospitality, and gaming industries.

SRX (StorjX Token) – StorX is a decentralized cloud storage network, which empowers users to store their data securely in the cloud.

STARL (Starlink) is the key to STARL Metaverse: 100% unlocked, renounced, and community-driven.

SUKU (SUKU)  is an ecosystem of purpose-driven lenders who provide microfinance opportunities to disenfranchised supply chain participants.

TONCOIN (Toncoin) is a blockchain-based ecosystem intended to give rise to a genuine Web3.0 Internet with decentralized storage, anonymous network, DNS and instant payments.

TRIBE (Tribe) is the governance token for the FEI algorithmic stablecoin, a new decentralized solution to the stablecoin market. 

UOS (Ultra) serves a variety of purposes within the Ultra platform, a blockchain-based, PC game distribution platform designed to provide both gamers and game developers with new opportunities.

USNOTA (USNOTA) is a multiplatform decentralized service used to confirm the existence of digital events such as electronic correspondences, images, and videos.

UST (Terra USD) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. 

  • HIT Token Burn

In November we burned a total of 41,611,359 HIT tokens (about 15.4 million USDT).

Useful links:

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.

New Partnership Announcement: XanPool

We’re thrilled to introduce HitBTC’s new partner, XanPool!

XanPool is a global fiat-gateway solution designed for cryptocurrency platforms such as exchanges, wallets, and others. It enables various local payment methods, eliminating the possibility of chargebacks. On top of that, the software can be seamlessly integrated into any platform with just a few lines of code. 

HitBTC and XanPool Alliance

By partnering with XanPool, HitBTC expands its services to the fast-growing Asian market and offers its user a new and affordable solution for buying and selling cryptocurrency.

The integration benefits include:

  • Support of 10+ additional fiat currencies
  • Local payment solutions for buying and selling coins
  • An easy entry point for users with no previous experience with digital assets
  • Access to 500+ cryptocurrencies available at HitBTC
  • Higher liquidity for the digital asset ecosystem 

About XanPool

A unique omnichannel solution offered by XanPool allows businesses around the world to integrate fiat on-ramp and off-ramp functionality. XanPool products, a customizable widget and an API, help crypto projects’ end-customers buy and sell cryptocurrency instantly, without any custody risks. Moreover, XanPool takes care of the KYC process, making it fully automated and secure. 

The use of local payment providers in India, Indonesia, Hong Kong, Australia, and other countries makes crypto sales and purchases more cost-efficient compared to credit cards or wire transfers. 

Useful links

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.