The most significant online crowdfunding platform in Asia, Qfund, has developed a blockchain project -Hi Mutual Society (HMS) to create a decentralized society based on the blockchain technology. The token system is called Hi Mutual Certificate (HMC). It was developed as a cryptocurrency for community trading. All transactions of HMC are processed by smart contracts. The innovative part of the HMC platform is its forms – circulating and locked. The circulating HMC are tradable in the system, and the locked HMC are kept as insurance coverage, and they are not marketable. Users receive certification for joining the community. When a transaction loss is confirmed, the smart contract activates and issues the payout which is separated by the community. The users‘ deposits in the community will be gradually deducted as the system issues payouts.

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