HBTC will list OMG/USDT at 16:00 on November 24, 2020 (UTC+8) for aggregate trading.
Since the OMG/USDT is Aggregated Trading pair, the deposits & withdrawals will not be supported. Should there be further progress on the wallet support, it will be announced in the future official announcement (to know more about the Aggregate Trading Pairs, please refer to the end of this announcement).
OmiseGO is building a blockchain gateway with decentralized trading, liquidity provision mechanism, clearing information network, and asset support. OmiseGO does not belong to any party. Instead, it is an open network of distributed validation nodes that constrain the behavior of all participants. It USES the protocol token mechanism to create the equity proof blockchain to enable market activity between participants. This high-performance distributed network allows transactions between different asset classes -- whether issuers backed by fiat currencies or fully decentralized blockchain tokens (the ERC-20 category and localized cryptocurrencies). Unlike almost all other decentralized trading platforms, the distributed network allows direct decentralized transactions between different blockchains without the need for trusted gateway tokens. In addition, market spreads would fall significantly and market guarantees would be encouraged through decentralised regulation and greater transparency of market activities. The above process ensures the correct pairing of the entrusted transaction books by using smart contracts and agreed tokens. This is a new structure that USES Ethereum to secure clearing activities and historical trading data through the use of ethereum smart contracts.
White Paper ：https://cdn.omise.co/omg/whitepaper.pdf
About Aggregate Trading Pairs
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves.
Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC.
HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
November 23, 2020