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HUBI Global Alliance

HUBI Global Alliance

HUBI Global Alliance is an exchange alliance hosted on Hubi Exchange.[2] The alliance allows anyone to buy and operate a super node, which operates on public OTC systems.[2][3][4]

Overview

The Hubi Global Alliance was introduced in November of 2018 along with the system it would use, the "Exchange Alliance 3.0".

The Hubi Global Alliance was the first exchange alliance to use this new system which allows everyone to be a super node and host their own exchange.

Super nodes have independent operation authority, the ability to charge exchange fees, independent coin listing and distribution, and they can form a consensus with other super nodes in the alliance.[1] [3]

Hubi Global Alliance provides "transaction depth and liquidity" through collaboration between the resources of the super nodes.[2] By pooling collective resources from the OTC system into transactions for each of the super nodes, the turnover rates of exchanges can dramatically increase.[2] [3]

Becoming a super node requires an initial investment of 5700 USDT, but it can be returned at any time. New super node operators have access to Hubi's Alliance Business School Training, where they're given resources and customer support to learn how to operate an exchange with ease. Super nodes earn alliance dividends relative to the total amount of tradable HUB they hold. Rewards can be summed up like this: (the total transaction fee of the alliance X 20%) 50% X (the total HUB of the super node / all tradable HUB).[2] [3]

Hubi Global Alliance has worked with blockchain companies such as Lianan, BitForce, Face, TokenInsight and more to test security vulnerabilities explore marketing opportunities and develop an intelligent KYC that can be implemented throughout HGBA. [3]

As of May 2019, the total 24-hour trading volume of the HBGA was around $262,636,166 US dollars and the total number of users in the alliance had reached 924,661.[2]

References

[1]
Citation Linkwww.hubi.comAbout Hubi
Nov 13, 2019, 9:42 PM
[2]
Citation Linkhkhbg.zendesk.comHubi Global Alliance makes it easy for everyone to own an exchange
Nov 13, 2019, 9:48 PM
[3]
Citation Linken.bitcoin.it
Nov 13, 2019, 11:30 PM
[4]
Citation Linktwitter.com
Nov 13, 2019, 11:33 PM
[5]
Citation Linkywqaugeunhowzrcj.public.blob.vercel-storage.com
Nov 13, 2019, 11:43 PM
[6]
Citation Linkywqaugeunhowzrcj.public.blob.vercel-storage.com
Nov 13, 2019, 11:43 PM