As announced on the launch of HBC Mainnet and BHT Token Swap, trading of HBC/USDT and HBC/BTC on HBTC will start on 21:00, 27 April 2020, Singapore Time (UTC+8). Deposits and withdrawals of HBC will be made available after the completion of the security audit and the appointing of nodes for HBTC Chain.
Details of HBC
Token model: HBTC Captain Token
Token Symbol: HBC
Issuance blockchain: HBTC Chain, mainnet token.
Total Supply: 21 million, all converted from the current circulation of BHT (401,629,892 BHT + 100,000,000 BHT in tokens lockup)
HBC Token Mining Distribution: Mining of DPOS Nodes staking with an annual increment between 0.5% to 3%
Mining Block Reward: HBTC Chain is an innovative cross-chain technology that provides the fundamental infrastructure for the decentralized custody and DeFi business for encrypted assets. A Supernode can generate its income from transaction fees by processing blocks and blocks reward. It is mainly a form of interest paid for a Supernode who contributes to the growth of HBTC network. The interest rate is from 0.5% and 3% per annum. Currently, the tentative annualized interest rate for block reward is 2%. In future, Oracle Predictive Analytics may be used to calculate the interest rate adjustments based on the asset price of HBC. At the current 2% interest rate, the expected pledge rate is 51% which will increase the amount of HBC by 1.1% every year. Supernodes and Holders of HBC will benefit from the fresh supply of HBC generated by Mining Block Reward because this will increase their stake in HBC. The block reward of HBC will gradually be reduced to a minimum of 0.5% per annum.
HBC Explorer: https://explorer.hbtc.com/
Holders of BHT can perform a token swap at HBTC.com based on the ratio of 1 HBC : 23.887 BHT by clicking https://www.hbtc.com/xo/item/HBC-BHT-6002-20200420120214
Digital assets are electronic investment products with high volatility. We encourage our users to make rational judgement on your investments and to invest carefully. Please seek advise from your professional investment advisor.
27 April 2020