HKDT is a stable, transparent and secure digital asset issued globally by Anchor based on Hong Kong dollars. It relies on first-class blockchain technology, supported by sufficient cash assets, and anchors the strong exchange system of Hong Kong dollars at a ratio of one to one. It efficiently links legal currency and digital assets, helping people quickly and easily integrate into the digital world, and better enjoy the dividends brought about by technological progress.

HKDT is a stable digital currency system based on Ethereum ERC20, which is compatible with all Ethereum wallets. Through smart contracts, it realizes the generation of corresponding HKDT after the confirmation of Hong Kong dollar entry. In HKDT, when Hong Kong dollars are redeemed, the corresponding HKDT will be automatically destroyed to dynamically maintain its 1:1 anchor relationship with Hong Kong dollars.

Features and advantages of HKDT

The characteristic of HKDT is that the 1:1 anchor of HKDT is not the US dollar, but the Hong Kong dollar. It adopts an issuance model similar to "central bank-commercial bank-ordinary users". It is a strong stable currency that is oriented to Asia and goes to the world, and only changes with the volatility of Hong Kong dollar/renminbi.

The advantage of HKDT lies in:
First of all, there are a large number of stablecoins anchored to the US dollar in the market, and the track is too crowded. Choosing to anchor the Hong Kong dollar as a stablecoin is a relatively blue ocean game Road;

Secondly, the radiation area of ​​Hong Kong dollars is in mainland China, Hong Kong and Macau, that is, Greater China and Southeast Asia, and it happens that the resource capabilities of our HKDT team are relatively matched with the radiation area of ​​Hong Kong dollars;

Finally, the Hong Kong dollar itself and Hong Kong have a special advantage. Specifically, the Hong Kong dollar is also a stable currency and an anchor currency, and it is anchored to the US dollar, so the price of the Hong Kong dollar is very high. Stable, and the primary goal of the Hong Kong Financial Supervisory Authority is to maintain the stability of the Hong Kong dollar against the U.S. dollar, and Hong Kong is a free trade port and a major financial and capital center in the world, backed by mainland China and radiating Southeast Asia.

Future development goals

At present, HKDT has established cooperation with nearly 20 exchanges including HCOIN. This year, we will continue to cooperate with high-quality exchanges, strive to actively cover 30 exchanges, passively cover 50-100 exchanges, and achieve the number of users exceeding 500,000. At the same time, it is the core logic of HKDT's layout and cooperation to actively implement industry applications and provide them with online and offline high-quality services, and it is also the top priority of HKDT's development tone this year.
The industry of stablecoins first comes to the financial sector, including spot exchanges, derivatives exchanges, lending, wealth management, insurance and other multi-dimensional financial products. In addition, there are various industries such as game entertainment, e-commerce, tourism, and cross-border shopping.

Related link:
https://www.hkdt.org/#/article?id=140