Singapore, 15th May, 2020 – Top 20 CoinMarketCap Exchange BiKi.com has listed the multi-ledger, cross-chained Hybrix (HY) token. With a multitude of popular projects on its platform, the crypto exchange is pleased to offer its users yet another quality token.
Hybrix (entering under Salangidae Association) has won the title of Startup of the Year at the 2019 One Planet Awards in the ‘Information Technology Products’ category. Having built a multi-ledger block explorer, The Next Web recognizes Hybrix as one of the most promising early-stage companies in the European blockchain space.
“When we came across such a unique project as Hybrix, we knew the Asian markets were looking for project opportunities like this,” comments Ethan Ng, CEO of BiKi SEA. “The milestones that Hybrix has achieved in such a short amount of time demonstrates this project’s ability to achieve its vision.”
The collaboration with BiKi.com will see the Hybrix project being introduced to a larger and more diverse audience. Up till now, Hybrix is known mainly among developers. Just over the past month, it chalked up over 500 NPM downloads. Partnering BiKi serves to widen its audience as BiKi is the bridge to the Asian markets, where Hybrix has so far not ventured.
“The collaboration with Biki is a very exciting collaboration for us,” enthuses Joachim de Koning, CEO of Hybrix. “Biki provides the gate for us from Europe to Asia. A market from which more and more interest is coming due to the possibilities Hybrix offers.”
Uniting the Entire Cryptosphere
Joachim de Koning and his team have taken their little known project from its humble basement start, to becoming one of the world’s most promising pioneer multi-ledger tokens that goes beyond blockchain borders.
In 2017, crowdfunded by crypto enthusiasts, Koning started the ‘Internet of Coins’. The aim was to develop a crypto wallet that was agnostic in nature and could also allow any (block)chain to be added to its functionality. The revolutionary core, the Hybrix (HY) daemon, upon which the wallet is built, was then developed and would later become the Hybrix platform.
With plans to develop the Hybrix platform to the fullest extent, the ultimate goal was to unite the entire cryptosphere. The team made the Hybrix code open source which attracted an enthusiastic team of young professionals working the last three years on what we now know as the Hybrix platform. The extensive system now connects more than 31 blockchains and over 387 tokens.
Decentralization, Privacy and Autonomy
As an early adopter and miner of Bitcoin and Litecoin, Koning embraces the original blockchain principles of decentralization, autonomy and privacy. He believes that freedom and privacy coupled with personal accountability are important fundamentals for personal finance. Enabling a free, anonymous, positive and humanistic approach to finance, blockchain technology is perfectly in line with Koning’s ideals and principles. These are the same values that would later drive all the development at Hybrix.
The crypto scene birthed a plethora of companies and initiatives which had similar goals. However, the quickly expanding landscape where developments followed in quick succession became fertile ground for schemers and profiteers on the lookout for easy money. Joachim realized that consumers and other users stood to lose out in such an environment and decided to start an initiative that set out to combine the strengths of the cryptosphere and strive for unity.
Interoperability for Developers, Businesses and Consumers
The Hybrix daemon set the stage to develop the Hybrix platform further. Hybrix was officially launched in 2019. Presently, the team consists of ten core members and is based at the center of the blockchain community in Utrecht, The Netherlands. Team members possess expertise in cryptography, marketing, trading and social entrepreneurship, amongst other abilities.
The problem that Hybrix aimed to solve was to counter the compatibility issues among the countless blockchains and cryptocurrencies being built by many diverse projects and organisations. The goal was to ensure interoperability and connect with other blockchains and ledgers in a secure and decentralized manner.
Hence, the Hybrix protocol was created to cross the borders of digital ledgers. The innovative technology enabled freedom of transactions on three levels:
- a multi-ledger platform for developers;
- cross-chain swapping protocol for businesses;
- d’apps for consumers.
The open-source, not-for-profit and inclusive project empowers collaboration that is untethered from the limits of specific ledgers, transfering value without restrictions.
With strict client-side functionality, users own their data. Personal finance is thus accessible and safe while simultaneously staying free for all.
The first of its kind, the HY token:
- can be transferred freely between blockchains, without needing decentralized exchanges (DEX) or atomic swaps.
- is a store of value. You can hold your value in one token, spread across blockchains simultaneously, storing it, for example, on Ethereum, Ripple and Bitcoin.
- is more secure than single-ledger tokens. If one chain experiences security risks, you can easily switch your assets to the next.
- functions as an indispensable vehicle for value and data. Moving value and data from one blockchain to the next can now be done without intervention of third parties.
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 3 million registered users, 50,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.