HybridBlock is an exchange ecosystem that aims to bring cryptocurrencies to everyday retail investors.
Learn more: https://crushcrypto.com/hybridblock-ico-review/
Project website: https://www.hybridblock.io/
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Note: This is not a paid review. We do not offer promotional or advertising services. Our content is based on our own research, analysis and personal opinion.
What does the company/project do?
HybridBlock is an exchange ecosystem that aims to bring cryptocurrencies to everyday retail investors. It will attempt to cater from the beginner to the expert day trader looking for sophisticated and reliable trading tools.
The HybridBlock ecosystem will contain three distinct trading products: BaseTrade, HybridExchange, and HybridTerminal.
BaseTrade will be an easy to use cryptocurrency platform, containing a wallet and an exchange for buying and selling. This is akin to the Coinbase platform. There will be fiat funding options tailored to each country that HybridBlock operates in, with this platform being designed as the simplest on-ramp to the market.
HybridExchange will be the consumer platform, providing traders access to liquidity. The platform will have a full order book in designated markets and currency pairs, and will provide traders with access to the major cryptocurrency exchanges in a single interface.
In addition to the web client, there will be HybridTerminal – a desktop trading terminal that connects to HybridBlock and their partners’ APIs.
What are the tokens used for and how can token holders make money?
HYB token holders will receive discounted fees, exclusive access to new products and services, and opportunities to invest in future ICO/token sales that launch on the HybridBlock platform.
HYB tokens will have three primary functions:
– Payment of transaction fees and all services within the HybridBlock network.
– To power the market efficiency mechanism.
– A tradable cryptocurrency token available on the open market.
HYB token will be the payment unit for network transactions on HybridFX, akin to gas paid on the Ethereum network. Theoretically, as the network transaction volume of HFX tokens grows, so will the value of Hybrid Tokens being used to pay transaction fees.
Additionally, Hybrid Tokens will be used to pay for premium content such as HybridAcademy learning modules. They will also be used for services provided by the HybridExchange, and access to the HybridTerminal.
– In Asia, there are very few good fiat gateway exchange outside of Korea/Japan, so the Coinbase/GDAX in Asia model is well positioned to capture the Asian demographic.
– The company aims to get the order book/trading pair of the major exchanges. If it works, then the potential is substantial as traders can enjoy combined liquidity.
– HFX is available as a stable coin in different local currencies and is audited monthly by a third party accounting firm. The market needs a stable coin outside of Tether and none of the alternatives are big enough yet. HFX can potentially accelerate the adoption of cryptocurrency because it is a stable coin that can be used as commerce, trading, etc.
– The team has mentioned some key hires from other major exchanges so we believe they are capable of development a solid exchange with good user experience.
– The competition is fierce in the cryptocurrency exchange space from both centralized and decentralized players.
– HybridBlock, being a fiat gateway exchange, is dependent on local government regulation. Government regulations can speed up or slow down the exchange’s progress depending on its stance.
The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don’t invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.
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