The difference between Hobbit and currency (Introduction to Hobbit Exchange)
What is the difference between Hobbit and currency According to official news fr
What is the difference between Hobbit and currency According to official news from Hobbit HBTC, in order to enable more users to understand cryptographic assets and the blockchain market, Hobbit Exchange will launch the “Hobbit Coin (Hodlcoin)” feature. Using Bitcoin to purchase goods on the platform without paying any commission or margin is different from the transactions of other cryptocurrencies because Bitcoin is decentralized. At the same time, its anonymity and tamper-proof characteristics make it more widely usable.
Technically, Bitcoin can serve as a store of value without intermediaries or third parties guaranteeing its price. Therefore, acquiring more digital currency in this way is an effective investment method. However, in the traditional financial world, currency has a certain status and attributes. For example, the US dollar is such a system; people must convert this quantity into cash as reserves when they want to exchange it for a basket of gold. However, if a significant amount of funds needs to be used in these wallets to withdraw them, it will generate a lot of depreciation. So Bitcoin is like a form of gold.
In addition to Bitcoin, other tokens based on ERC-20, such as Ethereum, Litecoin, and BNB, are also the same. However, compared to others, Bitcoin has relatively stable technical characteristics and adopts a unique consensus mechanism. For example, each transfer in the Bitcoin network will receive a certain percentage of Bitcoin rewards.
Introduction to Hobbit Exchange
Hobbit Exchange is a trading platform that is 100% shared by coin holders and is jointly invested by 56 high-quality capitals such as Huobi and OKEx.
Hobbit Exchange has innovatively launched a 10x PE Pricing Repurchase Model and the Hobbit Captain Incentive Model, and also set up a DeFi section and a new asset listing section. In addition, it has opened DeFi Mining Treasure, Liquidity Mining Pool, and Community Voting System to help users obtain higher returns and contribute to the development of the ecosystem. For details, click the original article link.
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