Dear users,
HBTC will list YFI, YFII, PNK, STORJ, MANA, TRB, BZRX, RING, LRC, KNC and PEARL, and start the aggregate trading of the USDT pairs at 16:00 on September 4, 2020 (UTC+8).
Since the above USDT pairs are Aggregated Trading pairs, the deposits & withdrawals will not be supported. Should there be further progress on the wallet support, it will be announced in the future official announcement (to know more about the Aggregate Trading Pairs, please refer to the end of this announcement).
About YFI(Yearn.finance)
The goal of Yearn Finance is simple - it's an aggregated platform that serves for lending platforms that aggregate data on product profitability, by rebalancing the data to come up with the highest profitability from contractual transactions.
Website: https://yearn.finance
Blockchain Browser: https://www.hbtc.com
White Paper: https://github.com/iearn-finance
About YFII (yfii finance）
Yearn is a financial platform that supports multiple DeFi agreements, and will automatically move positions between protocols to help savers get the highest financial income. The platform aggregates the Compound, dYdX, Aave, and DDEX agreements. When users deposit, the platform will automatically allocate funds to the protocol with the highest revenue. Then yearn will give the user a proof of stake called yToken through which users can withdraw the original deposited token and the corresponding income.
Website: https://yfii.finance/#/
Blockchain Browser: https://etherscan.io/token/0xa1d0E215a23d7030842FC67cE582a6aFa3CCaB83
About PNK (Pinakion）
Kleros is a decision protocol for a multipurpose court system able to solve every kind of dispute. Kleros is a communication tool that connects users who need to resolve disputes with jurors who have problem-solving skills. Users act as Kleros jurors and receive corresponding arbitration fees in the work of each jury to obtain economic benefits. Pinakion protects the system from "Sybil Attack" and encourages jurors to vote honestly, making disorganized jurors pay part of their margin to jurors with the logical mind
Website: https://kleros.io
Blockchain Browser: https://www.yitaifang.com/tokens/0x93ed3fbe21207ec2e8f2d3c3de6e058cb73bc04d/
White Ppaer: https://kleros.io/static/whitepaper_en-8bd3a0480b45c39899787e17049ded26.pdf
About STORJ
Storj aims to become a cloud storage platform of Censore -free, surveillance-free, and downtime free. By using encryption and decentralized applications, Storj allows users to store data in a secure and decentralized manner. Storj uses blockchain features like a transaction ledger, public/private key encryption, and cryptographic hash functions for security. Compared to traditional cloud storage services, Storj is cheaper, faster, and more secure.
Website: https://storj.io
White Paper: https://storj.io/storj.pdf
About MANA(Decentraland)
Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations. Users claim ownership of virtual land on a blockchain-based ledger of parcels. Landowners control what content is published to their portion of land, which is identified by a set of cartesian coordinates (x,y). Contents can range from static 3D scenes to interactive systems such as games. Land is a non-fungible, transferrable, scarce digital asset stored in an Ethereum smart contract. It can be acquired by spending an ERC20 token called MANA. MANA can also be used to make in-world purchases of digital goods and services.
Website: https://decentraland.org/
White Paper: https://decentraland.org/whitepaper.pdf
About TRB(Tellor Tributes)
Tellor is a decentralized oracle that fetches pricing data for smart contracts on Ethereum, which USES a controversial miner network competition to solve PoW problems, monitoring user data requests up the chain, monitoring and receiving data requests down the chain. Each successful Tellor data point will be mined by tokens and the company will contribute 10% of its development share to support the development of its ecosystem.
Website: http://www.tellor.io
Blockchain Browser: https://explore.duneanalytics.com/public/dashboards/pVN6lRN8xxtfhjnEbcPbqreI8DNkPOng5P5fol0v
White Paper: http://www.tellor.io/whitepaper
About BZRX(bZx Protocol)
bZx is a decentralized finance (DeFi) protocol built on Ethereum which allows users to build applications designed for lenders, borrowers and traders.bZx’s token, BZRX, is a governance and utility token which captures value from protocol fee sharing, Balancer mining rewards, and the right to draw from the bZx Insurance Fund.Each BZRX token can be redeemed for a proportionate amount of non-BZRX tokens from the insurance fund. This gives the BZRX token a fundamental value by being both backed by current assets supported on the protocol, as well as future cash flows. The insurance fund receives half of the protocol's loan origination fees, fees from interest payments, and fees generated via trading. In the future, the proportion of fees directed to the insurance fund can be adjusted by the DAO via governance voting.
Website: https://bzx.network
Blockchain Browser: https://cn.etherscan.com/token/0x56d811088235F11C8920698a204A5010a788f4b3
About RING(Darwinia Network)
RING's initial supply before Darwinia Network mainnet release is 2 billion, after which the newly issued RING will be distributed to the validators and nominators (Staking participants) and payment of system proposal budgets (such as NFT mining or App mining, Polkadot slot bidding incentives, or for eco developer support). After the Darwinia Network mainnet goes live, the total cap of the block reward is adjusted once a year. The total number of HARD_CAP for RING is 10 billion. Darwin Network is a cross-chain bridging network developed based on Substrate, focusing on building a future asset interconnection network, including non-standard asset auction markets, stable currency cross-chain, asset exchange and other fields.
Website: https://darwinia.network/
Blockchain Browser: https://etherscan.io/token/0x9469d013805bffb7d3debe5e7839237e535ec483
White Paper: https://docs.darwinia.network/docs/en/rfc-0001-darwinia-developement-structure#%E5%8F%82%E8%80%83
About LRC(Loopring)
The Loopring Agreement is an open multilateral transaction agreement between tokens based on ERC20 and smart contracts, which aims to establish decentralized exchange applications without asset custody and fund freezing. It adopts decentralized technology to provide a zero-risk token exchange mode and allows multiple exchanges to match the same order out of the chain and clear the settlement on the chain through competition. LRC is Loopring token on Ethereum. LRC holders can pay the minimum transaction costs and benefit from all network activities.
Website: https://loopring.org/#/
Blockchain Browser: https://www.yitaifang.com/tokens/0xBBbbCA6A901c926F240b89EacB641d8Aec7AEafD/
About KNC(Kyber Network)
KyberNetwork is a decentralized trading platform that allows instant exchange and conversion of digital assets (crypto tokens such as Ether and ERC20 tokens, Bitcoin, ZCash) with high liquidity. KyberNetwork will also provide payment APIs and a new generation contract wallet for all users to instantly convert tokens, and extend the overall trading compacity of KyberNetwork.
Website: https://kyber.network/
White Paper: https://cn.kyber.network/assets/KyberNetworkWhitepaper-cn.pdf
About PEARL(Pearl Finance)
Pearl.financial is the revenue mining token on Tron. No pre-mining, no founder shares, and no venture capital rights. Token distribution opportunities are equal. Tronfi aims to create a comprehensive DEFIDAO& ecosystem.
Website: https://pearl.finance/
Blockchain Browser: https://tronscan.org/#/token20/TGbu32VEGpS4kDmjrmn5ZZJgUyHQiaweoq
About Aggregate Trading Pairs
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves.
Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC.
HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Risk Disclaimer
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
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HBTC
September 4, 2020