HSBT listing on LATOKEN
HSBT listed on Cryptocurrency Exchange LATOKEN On December 16th, 2020. The ticker symbol is “HSBT” as the trading pair USDT/HSBT.
Announcement on TWITTER by [LATOKEN EXCHANGE] official account
Click the link to view the tweet：
HSBT is a token which is earned by mining. All tokens are mined. Mined tokens can be used by staking, and users can also get BTC as yield.
Regarding halving and price increase
Halving is a mechanism that literally halves the amount of newly issued crypto assets by mining. By setting a halving, it can help prevent inflation and increase currency rarity by tightening issuance volumes. The market’s supply and demand determine the value of assets, but the halving will change the existing supply until then, but the demand will not change. Hence, in theory, the value of the assets will increase after the halving.
In fact, Bitcoin’s value has increased after its two halvings.
・ First time (2012/11/28): Approximately 1300 JPY, new issue amount: 50 BTC → 25BTC
・ Second time (2016/07/09): Approximately 70,000 JPY, new issue amount: 25 BTC → 12.5 BTC
・ Third time (2020/05/12): This time, new issue amount: 12.5 BTC → 6.25 BTC
Regarding HSBT Mining and HSBT Staking
HSBT Mining has a different halving from BTC and reaches once every six months.
Therefore, theoretically, it is expected to grow 8 times faster than BTC. Once you participate in HSBT Mining, you can continually mine for 5 years and receive daily mining rewards. With each halving, the amount of HSBT being mined decreases. When you participate in mining, you may be granted BTC in addition to the HSBT token. In order to receive BTC, the HSBT token must be staked for a period of time. By staking the mined HSBT token, BTC will be assigned besides. The staking period is until halving. When the halving reached, it will be reset once, and you can choose whether to stake again.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Kolkata Local journalist was involved in the writing and production of this article.