ICO FAQ

What is an ICO?

An ICO (Initial Coin Offering) is a new crowdsale concept in the cryptocurrency and Blockchain industries.
It’s important to understand, what is special about them, what is the difference between ICO and other coins.

  • Initial Coin Offering

    • ICO is a form of crowdfunding, used by startups. Imagine a team of developers who are working on a new promising project. They might need to raise money from public, so they create their own cryptocurrency. Those who want to support the project, would buy the rights of token possession during the initial crowdsale phase. As a result, the project gets the capital to fund development, and the audience members get their tokens’ shares.
    • What is an IOU?
      It’s very important to understand that during the initial phase new coins don’t exist yet, people are buying IOU (“i owe you”) – not the coins themselves, but the obligations. As soon as fundraising phase is over, IOUs are being transformed into usual tokens.
  • How can I deposit ICO coins or sell them?

    ICO coins basically don’t exist until the issue date. There’s no blockchain for them. That’s why it’s not possible to perform transactions, send coins somewhere – for example, deposit your HitBTC account with them.

    Until the moment the tokens are released, only verified market makers and ICO communities, who chose our site for primary placement, are able to deposit ICO to HitBTC.

  • What exactly does HitBTC provide then?

    Check out the “ICO” tab in the “Instruments” section on our exchange. You are able to buy IOU directly from us and store them on your HitBTC account. As soon as tokens are released, you’ll be able to trade, deposit/withdraw them – it’s exactly the same deal as with every other coin.

  • Why it’s convenient to participate in ICO on HitBTC?

    You don’t need to spend time looking for new promising ICOs and figuring out how to join them – the most interesting tools are already here. You don’t even need to leave HitBTC – our familiar interfaces are here for you, participating in ICO feels exactly the same as buying any other coin.
    As tokens are released, you are the first to trade them right here, on HitBTC, which also is great.


There’s a whole set of ICO coins listed on HitBTC. 
SNM, CVC, SNT, BNT and a lot more, and there will be more!
The next post in our blog we will tell you about new ICO projects!

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More coins on HitBTC

In a constant strive to encourage the cryptocurrency market growth, HitBTC is pleased to add the new instruments to our trading pairs list.

Enjoy trading!

CVC
Civic’s model allows for on-demand, secure and lower cost access to identity verification via the blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one. Civic already has a working identity verification product that is available worldwide.

Go trading

 

CFI
Cofound.it is a distributed global platform that connects exceptional startups, experts and investors worldwide. It will first be built by the blockchain community for the blockchain community — and then for the whole world. The service built for the crowdsales of today could grow to support the startups of tomorrow, worldwide, capturing a significant percentage of the total investments.

Go trading

 

ETC
Ethereum Classic is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering of transactions.

Go trading


FYN

FundYourselfNow a platform to allow project creators/promoters to raise funds for their projects using cryptocurrencies without the need of technical knowledge. Fund Yourself Now improves on traditional crowdfunding sites by allowing more control once funds and distributed; providing support/mentors and lowering transaction costs.

Go trading


NXC
Beyond the Void is the real-time strategy video game that created their own token called Nexium within the Ethereum Blockchain. The free-to-play model is widely used in video games because it is easily profitable. Business model is based on a strategy similar to “League of Legends”, which is the most-played game in the world, the most streamed and one of the most profitable.

Go trading


PLBT
Polybius is a modern banking institution which uses cutting-edge technologies, such as SSL-backed OAuth2, smart contracts and applied AI, to name a few, in order to provide a range of reliable, secure, and easy-to-use financial services.

Go trading


SNM

SONM is a decentralized worldwide fog supercomputer for any general purpose computing − from site hosting to scientific calculations. SONM plan to be the smartest, the cheapest and the largest decentralized computing system with strong rules regarding morality and loyalty, due to SONM’s reputation system and self-learning neural network.

Go trading


SNT

Status is an open source messaging platform and mobile browser to interact with decentralized applications that run on the Ethereum Network.

Go trading

Bancor – New record of ICO

The other day Bancor project managed to raise 396720 ETH within three hours – approx. 156 million dollars.
This is the largest ICO ever!
They aim to create a new generation of cryptocurrencies called Smart Tokens.

Bancor BNT ICO

4 types of Smart Tokens provide the opportunity to implement new types of monetary models, applications, value networks such as local currencies, project tokens, decentralized index funds and much more. 

  • Token changers
    Token changers are smart tokens that can be used to exchange between other standard ERC20 tokens that are held in their reserve.
  • Token baskets
    Token baskets are smart tokens that hold multiple standard ERC20 tokens in their reserve, enabling holding a portfolio of tokens by holding a single smart token.
  • Project and protocol tokens
    Smart tokens can be used for crypto-crowdfunding initiatives, where participants receive tokens which are liquid and automatically market-priced.
  • Complementary currencies
    Smart tokens enable anyone to issue new, liquid currencies for their group. There are many examples of user-generated currencies, such as complementary currencies, loyalty points, B2B barter, and more recently, blockchain protocol tokens.

Bancor seriously decreases the threshold of the entrance to the ICO world. Anyone can create their own token and launch ICO simply by answering a few questions.

We have listed $BNT/$BTC trading pair.
Enjoy!

Start trading

 

New ICO on HitBTC!

Dear traders,

We have listed new ICO: Giga Watt token (WTT).
WTT/BTC trading pair is at your service.

Capabilities of new token

By holding these tokens you’re gaining access to a new processing center of famous miner Dave Carlson.
You can now obtain your own server power!

Every token holder have a right to use center’s capacity for mining or rent it.
1 WTT = 1 Watt of mining equipment power consumption.

HitBTC traders have a chance to participate in professional mining, with tremendously low entrance threshold.

Learn more about these tokens and
Start trading!

 

Why should advanced traders choose HitBTC with its new API 2.0?

Dear traders,

Meet the alpha version of our new API. The platform’s dependable API provides an easy integration, is extremely stable and will satisfy the needs of algorithmic traders.

New API is designed specifically for advanced traders and has already received a lot of positive feedback. Our exchange strives to keep on improving!

Please note: the earlier version of the API will keep on working and would not be deactivated as long as at least one customer uses it.


We have improved the technology and added following enhancements:

  • Authorization is faster and easier
  • Volumes are displayed in natural terms of currency, no lots anymore
  • Error codes are standardized
  • Unambiguous and uniform representation of data throughout the API
  • Advanced mechanism  for new order creation
  • The possibility to obtain status of trades via the REST interface

Sounds exciting?

Check out what we also already provide:

  • Our API supports all functions provided by the exchange
  • 3 types of protocols: REST, WebSocket, FIX provide an opportunity for individually select the functionality you need to trade and collect market data
    • The REST protocol provides you with the opportunity to receive (simultaneously and everywhere) market data, perform trading operations and manage funds (deposits, transfers, payments)
    • The high-speed WebSocket protocol allows you receive and send data at the same time, ideally suited for high-frequency commerce: the speed of tasks depends only on network delays (less than one millisecond), you can receive real-time messages
    • The FIX API is designed specifically for advanced traders to migrate from popular fiat exchanges, using all their professional tools, Persistence included
  • API has been updated with TSL secure encryption
  • All products are pre-tested by a team of experts

 

What traders value about us

  • Possibility to generate multiple addresses for each currency
  • Opportunity to create all kind of orders through the API: limit, market, stop, stop limit
  • Client can choose between multiple time-in-force options
  • Client order ID can be assigned and customized for each order which allows to request the status of the trade
  • HitBTC API provides the opportunity to manage your transactions and check out error messages that could occur on order creation
  • Support team operates around the clock, ready to solve any issues

Try new API

Happy trading!

Let’s meet new coins

Dear traders,

We have recently listed a whole lot of new coins on HitBTC. Isn’t that exciting? Behind every coin there’s a team of people who have a fresh idea or a new vision of something common, and it’s never been easier to express your trust in this ideas. Just by trading. We are extremely glad to provide you with this kind of opportunity.

Know your coin!

 

TaaS (TAAS). This project is designed to reduce the risks and barriers of investing in the blockchain space. TaaS introduces new Token-as-a-Service business model, allowing investors to subscribe to the fund’s income stream.

Know more and go trading

 

Pluton (PLU). It takes time to adopt new technologies. Merchants who accept payments in cryptocurrency are scarce. Pluton project aims to eliminate this problem with a new way of payment!

Know more and go trading

 

Lunyr (LUN). This is a decentralized world knowledge base which rewards users with app tokens for peer-reviewing and contributing information. The goal is to become starting point of the internet for finding reliable, accurate information.

Know more and go trading

 

Matchpool (GUP). A platform that creates human connections. Anyone is able to create their own community ‘pool’ for free and invite new members to the pool. Rewards are provided!

Know more and go trading

 

TokenCard (TKN). It’s a physical debit TokenCard, which connects your Contract Wallet to a debit card network — enabling online payments, PoS transactions and ATM withdrawals.

Know more and go trading

 

Wings (WINGS). The idea behind WINGS is to provide a decentralized project facilitation platform that provides a friendly experience for both project creators and those interested in supporting them. The whole set of cool features is included: smart contracts setup, project governance, engagement, crowdfunding and more!

Know more and go trading

 

Xaurum (XAUR). The “golden blockchain”: Xaurum value is based on gold and exchangeable for it.

Know more and go trading

 

iExec RLC (RLC). Distributed cloud computing! iEx.ec aims at providing distributed applications running on the blockchain a scalable, secure and easy access to the services, the data-sets and the computing resources they need.

Know more and go trading

 

Swarm City (SWT). Swarm City is an open network of different hives/teams, each with its specific focus and approach. All hives have one or two people who take responsibility for that specific part of our great city.

Know more and go trading

 

DigixDAO refunds ETC coins to DGD holders

Dear Traders,

Those of you who hold DigixGlobal tokens (DGD), are entitled to ETC coins, which were formed on Ethereum main blockchain before the hardfork. DigixDAO project had recently announced global refund of these coins.

And we are glad to cooperate with DigixDAO and offer you an easy way to get this ETC redemption!

How will it look like for you and what should you expect exactly?

  1. You deposit DGD on your HitBTC main account;
  2. As soon as Ethereum chain reaches the block #3800000, a snapshot is being taken;
  3. And after the snapshot you receive your ETC! For every 100 DGD you’ll receive ~23.25 ETC. 

For those who are curious and wish to know how this works:

  1. Special Ethereum-based token DGDR will be created and assigned to DGD holders. 1 DGDR = 1 DGD. DGD holders receive DGDR on top of their current balances, so after the redemption process completion they will have both DGD and ETC on accounts.
  2. DGDR will be converted to ETC with the conversion rate about 23.255 ETC per 100 DGDR.
  3. All DGD holders will be credited by ETC in accordance with their balances at snapshot time. Snapshot will be taken for all the DGD holders’ accounts on Ethereum Main Chain at the block number of #3,800,000.

scheme copy

 

Please note that we will have to stop all operations with DGD at May, 30th 13:00 UTC to safely handle users’ DGD tokens before the snapshot.

Make acquaintance with Digix’s materials for further reference:

Github.comMedium.com

ICO trading on HitBTC: what is it and why it’s exciting?

Dear traders,

Blockchain technology is truly amazing. There are so many ways to use it for new purposes! We are terrified to introduce today a new functionality on HitBTC, which provides you with a possibility to engage in a growth of new projects.

 

A little bit of an introduction. Independent developers, who create their own projects, often recourse to crowdfunding as a source of financial support. Here’s the most obvious way to do it: create a website, describe the idea and organise fundraising. It’s simple, but participants aren’t receiving neither the whole set of benefits, nor the flexibility and protection.

The more advanced way to start crowdsale is to create a new cryptocurrency. And those who would like to provide support, will purchase new coins, obtaining a share in a promising project. That type of coin is called ICO.

 

From now on you’re able to participate in ICO market right here on HitBTC! How is it?

 

  • Safe. We are dealing with all technical details, including purchasing new coins from their developers, filling the order book, etc. ICO trading for you is as easy and safe, as usual trading on HitBTC.
  • Convenient. Clear and familiar HitBTC interfaces are here for you.
  • Simple. You don’t have to spend your time monitoring new ICOs and filling the registration forms – we search the market and pick the most fruity instruments for you.
  • Fun, because you’re able not only to buy new coins, but trade them immediately right here!

 

Check out the ICO tab in the “Instruments” section. There already are 3 ICOs waiting for you to believe in them:

 

DCT (Bitcoitalk threadhttps://http://decent.ch/)

ZRC (Bitcointalk thread, https://www.ziftrcoin.com)

BOS (Bitcointalk threadhttps://boscoin.io)

 

And there will be more.

Happy trading!

Introducing more new coins

We have added several new exchange instruments recently. Why not learn a bit more about them?

Coins, meet our respectable HitBTC traders. Traders, meet new coins and their authors!

 

Gnosis (GNO). Gnosis project is aimed to create easy to use prediction market, based on the blockchain. On that market any kind of forecast can be valuable. Learn more.

 

ICONOMI (ICN). It’s expected to be the first digital assets management platform to support all 4 types of crypto assets. Which are: Bitcoin, altcoins, application tokens and Digital Asset Arrays. Sounds intriguing? Learn more.

 

WeTrust (TRST). This is the collaborative insurance platform. Its mission is to get rid of “trusted 3rd parties”, who are represented by banks and insurance companies. Learn more.

 

Augur (REP). It’s an Ethereum-based decentralized prediction market that leverages the wisdom of the crowds to create a search engine for the future. Augur allows users to create their markets for specific questions they may have. Learn more.

 

SingularDTV (SNGLS). A first transparent database of rights and rights owners for film and television. The project tends to empower creators by giving them back control over their creative output. Learn more.

 

DigixGlobal (DGD). They aim to provide tokenisation the physical assets through their own “Proof of Asset” protocol. The life cycle of a physical asset (gold bar, for example) is being stored in the blockchain, allowing public verification of the asset’s existence without a centralised database. Learn more.

It’s amazing how blockchain can be used in a new unexpected ways, isn’t it?

 

One easy step to list your own coin on HitBTC

Dear traders,

It’s always been convenient and simple to trade on HitBTC, since we provide powerful tools, intelligent software and cutting-edge technologies.

And we are proud to tell you that trading your very own coins, creating a new trading instrument has also became simple.

How does one perform this? At first, obviously, it’s necessary to create the coin itself. It has to be an Ethereum-based token, compatible with ERC20 standard. Describe your project on its own website, introduce it to the world and to the HitBTC, by filling out this appliance form.

And that’s it. Within several days after applying your coin most likely will be listed on HitBTC, available for trading, deposit, withdrawal, waiting to be discussed and demanded – if you manage to provide fellow traders with an promising instrument!

It’s an adventurous tool. Try it!Screen Shot 2017-05-03 at 19.17.56 copy