How to open a digital currency exchange, how much does it cost?

In the field of digital currency, mining, wallets and exchanges are the most mature ones. For the “players” who want to enter the block chain industry, which one should be chosen as the entry point to the industry?

Opening a self-owned mine requires a lot of manpower and capital costs. With the increasing difficulty of Bitcoin mining and the increase of uncertainties such as Bitcoin bifurcation, mining is increasingly difficult to ensure profitability. At present, there is no clear profit model for digital currency wallet. Compared with mining and trading exchanges, the profitability is weak. Exchange is one of the important channels for the circulation of digital currency transactions, which is at the top of the digital currency industry chain and has a great voice in the industry. Exchanges have a variety of ways of making profits, such as transaction fees, coin release fees, platform coins, etc.

Therefore, the exchange is undoubtedly a very good choice for “players” who want to enter the block chain industry.

So how can we easily own a proprietary digital currency exchange? According to the information available at present, there are three ways to create their own proprietary digital currency exchanges:

1. Teaming up for development

If you want to set up your own team to develop the exchange system, without considering the development cycle and capital cost of the system, it will take a lot of time and energy to set up relevant team members such as products, development, design and so on. In addition, according to statistics from foreign third-party channels, the overall cost of developing a complete exchange ranges from $300,000 to $400,000. Of course, the cost of developing a digital currency exchange system varies from country to country. It can be seen that the labor cost and the investment of the company’s software and hardware in the whole process of the exchange from the early product design, the mid-term development to the later iteration are enormous.

2. Purchase from a third-party service provider

Compared with the teaming up for development, buying an exchange system can save you a lot of time and energy, but the cost is not low. After investigating a number of digital currency exchange service providers, we find that most of the service providers’ systems are sold at a price over $50,000 (except open source code). At the same time, after purchasing the exchange system, there are still a series of problems to be considered, such as:

• Safety is difficult to guarantee.

• Code needs special maintenance

• Follow-up addition of new features are difficult (addition with new demands from service providers requires secondary development fees)

3. Join the exchange alliance

Each exchange alliance has at least one exchange with a certain user base and trading liquidity. For the exchanges that have already operated on the market, by providing technology and services, creating a consensus ecosystem is conducive to further expanding profits and enhancing the influence of their brands in the industry.

Therefore, for the “players” who want to enter the digital currency industry, choosing to join the exchange alliance can not only quickly have a sound exchange, but also obtain strong brand endorsement and technical support, which can be a very ideal choice.

Next, we will compare and analyze the existing exchange alliances in the market from several different dimensions to see what strengths and weaknesses they have.

I. Strengths and weaknesses of the representatives of the 6 major exchange alliances

At present, there are many exchange alliances to choose from. We have selected the following 6 representative exchange alliances and listed their conditions and services for your reference.

 

After comparison of the 6 major exchange alliances, they can be roughly divided into the following 3 types:

A. Huob, Binance, OKEx, IDCM:

Although they provide basic technology and services, Huob, Binance, OKEx and IDCM have set higher threshold and daily service fee, and the depth and liquidity of alliance branches are not shared.

B. EXX exchange alliance

Although EXX has almost zero threshold, it provides very few services at a very high daily service cost. After deducting the corresponding costs, the final actual income ratio is less than 15%, even less than the invitation commission of some exchanges. EXX Exchange Alliance can be said to be a disguised invitation commission as it can’t well balance the interests of both sides to achieve mutual benefit and win-win. Users do not really own their exchanges.

C. Hubi exchange alliance:

Hubi Exchange Alliance is the founder of Exchange Alliance 3.0. Its access threshold is very low. Everyone is a super node. The alliance has a common OTC system, sharing transaction depth and liquidity, and the ecological dividend of the alliance.

In summary, we can conclude that the Hubi Exchange Alliance has very low access threshold, the most complete service content and almost zero daily maintenance costs. Therefore, joining the Hubi Exchange Alliance is a wise choice.

II. Advantages of Hubi Exchange Alliance (HBGA)

Hubi (www.hubi.com) is a global alliance of digital asset exchanges, the world’s first “exchange alliance 3.0” model, in which, everyone is a super node. Hubi’s unique three advantages, platform + alliance + ecology, provide a one-stop trading service platform for digital assets with lower threshold, better service and greater liquidity for global users.

Hubi Global Alliance (HBGA) is a super-node exchange alliance initiated by Hubi.

HBGA has the following 8 advantages:

1. Exchange autonomous operating rights

Hubi Global Alliance (HBGA) is the first human-node exchange alliance in the world. Everyone can own their own Exchange, which can collect transaction fees, independently deposit and issue coins, and form a consensus with other super nodes in the alliance, so as to realize the autonomous decentralization management and independent operation of each alliance node.

2. Global leading technological services

HBGA provides perfect infrastructure for super nodes, including technical framework, security protection system, order matching system, multi-level wallet, independent management background and other functional components, so that everyone has a proprietary digital asset exchange easily, quickly and at a low threshold. In addition, HBGA provides the following personalized services:

• Personalized configuration

• Independent domain name

• Support self-owned brand building, such as custom logo, Slogan, etc.

• Support custom transaction module layout;

• APP, Web, WAP, PC client and other access methods;

• Support multi-language and multi-coin.

3. 3D brand marketing

In the Hubi Global Alliance, everyone enjoys the powerful brand endorsement of Hubi, and take the leading change in the digital currency era. It offers each super node personalized brand marketing service support, shares channels and resources, including brand exposure, channel connection and advertising, etc.

4. Diversified marketing tools

HBGA provides a variety of tool-based sunk services, such as customized marketing tools (candy airdrops, invitation commission, etc.), so that the marketing of super nodes can achieve twice the result with half the effort.

5. Exclusive customer service representative

Exclusive customer service representative is online 7 x 24 hours in Chinese and English, timely responding to customer questions, and performing regular return visits. Each HBGA super node is arranged with a super node manager for one-to-one service.

6. Alliance Business School Training

Alliance Business School provides tools, content, resources, customer service support, as well as training and support from world-class block chain teams to make exchange operation easy.

7. Alliance eco-dividend

HUB (Hubi Blockchain) EcoCoin is issued by HB Global Blockchain Foundation Limited in Singapore as a global pass connecting Hubi ecological system, carrying the ecological rights, circulation attributes and value consensus. HUB does not support PO, ICO, airdrop, gift, and free release. Its total issuance is a constant of 5 billion, and it guarantees no additional issuance.

HBGA super node enjoys alliance rights and ecological dividends, and carries corresponding rights and dividends through HUB.

● HBGA joint voting for coin release

HBGA has introduced a voting consensus mechanism. HBGA super-nodes have a high degree of consensus. With HUB as the voucher of rights, the Alliance votes for coin issuance. Users who vote in the alliance can get the dividend of the transaction fee paid by the Project Party in coin, so as to realize voting as mining.

HUB holders have the right to vote on coin issuance by HGBA

● HBGA node as mining dividend

With a high degree of consensus and shared ecological dividend of the alliance, HBGA can get the corresponding ecological dividend of the alliance according to the total amount of circulating HUB held in the nodes, so as to realize the mining of the nodes.

HBGA super node enjoys mining dividend. The mining dividends are as follows:

Mining dividend of the super node = (total transaction fee of the alliance * 20%) * 50% * (total HUB holdings of the super node / all negotiable HUB).

HUB holders are entitled to HGBA “node as mining” dividends

8. Sharing the depth and liquidity of alliance transactions

HBGA is the world’s first super-node exchange alliance. All the super-nodes can share the depth and liquidity of the alliance transaction, including Hubi, and form a huge transaction service ecosystem with global circulation.

How to open a digital currency exchange, how much does it cost? 14 

Hubi Global Alliance provides a common OTC system. The Alliance Super Node can provide efficient and fast entry and exit service for users without expending a lot of energy to recruit OTC service providers.

At the same time, Hubi Global Alliance share transaction depth and liquidity amongst super nodes. User orders of each Alliance Branch are first matched within the exchange. If orders cannot be completed in time, they will be further matched among the super nodes of the whole alliance. Compared with other exchange alliances, this greatly improves the transaction rate of orders from Alliance users.

“Convenience of entry and exit” and “transaction rate of user orders” are two indicators to measure the user experience of exchanges, and directly affect the volume of exchanges.

Through “Public OTC System” and “Shared Transaction Depth and Liquidity between Super Nodes”, Hubi Global Alliance provides fast entry and exit service for Alliance users, and improves the transaction rate of user orders, thus greatly enhancing the competitiveness of HBGA Super Nodes.

III. Hubi creates ecosystem of exchange alliance

At present, Hubi has cooperated ecologically in security auditing, market-making services, data disclosure, intelligent KYC with other top-level block chain enterprises, such as Beosin, Bit Capacity, Megvii and TokenInsight, in order to make Hubi Global Alliance an alliance withbetter service, safer and more mobile exchange.

Not only so, with Hubi Global Alliance as the core, Hubi will built a Hubi eco-system consisting of exchange alliance layer, public chain layer, Dapp layer and eco-layer.

How to open a digital currency exchange, how much does it cost? 15 

IV. Hubi Global Alliance recruits global super nodes

Hubi Global Alliance is recruiting super nodes globally. It is a chance you shall never missing if you want to have a dedicated digital currency exchange of your own.

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Now apply for HBGA global super node without threshold and at the lowest price. For more details, please contact: business@hubi.com or add wechat account: l_zhen1019 for business consultation.

More block chain organizations are welcomed to become HBGA super nodes, work together to build Hubi ecology, and share the ecological dividend of the Alliance.

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