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June 10, 2018, 03:21:30 PM |
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Over the last several weeks, Huobi and their utility token, HT, have seen a huge burst of value and increase in demand from all around the world. The HT token flew from #135 on coinmarketcap.com to #60, where it is at today. Moreover, the price per HT increased from less than $1.50 to now over $5.50. That’s a 266% increase in value and price within the last 30 days. Talk about Wall Street’s 12% yearly ROI. Huobi Token (HT) will also see an upgrade from its current use in the ecosystem to be based on Huobi Chain. Key partners in the Huobi ecosystem will be upgraded to become super nodes on the Huobi Chain. The increase and outburst of demand mainly stems from products and improvements Huobi is building in the Cryptocurrency and Blockchain ecosystem. Moreover, Huobi Group is pushing forward with a global rebranding plan, while also undergoing the Huobi Chain Project. Most importantly, you can create your own Huobi account.
As far as the Huobi Chain Project goes, you can be rest-assured that the Huobi Chain aims to establish a high level, trustworthy, next-generation, self-financed public chain. Huobi Chain aims to provide credible self-finance infrastructure for individuals and organizations. The public chain will allow various types of applications and smart contracts to operate on the chain seamlessly. The freedom to generate, transfer, notarize and confirmation on the public chain will be unprecedented. Think of Ethereum and EOS, but on a much stronger and larger network.
“We firmly believe in a decentralized future, and the main goal of the Huobi Chain project is to transform a centralized corporation to a decentralized one that’s run by the community,” said Leon Li, founder, and CEO of Huobi Group. “Our dream is for Huobi to run on the public blockchain and become a truly decentralized autonomous organization.”
The Huobi Group has invested 30 million HT for Huobi Chain public chain development. Huobi Group pledges to continue to devote additional investment to ensure that Huobi Chain will become the best Public Chain in the world. Huobi will kick-start the program by seeking out a global leader to lead the development of the Huobi Chain project. Divided into multiple milestones, teams from around the world can join and compete for the prize pool. New groups can enter the contest at any milestone based on the open sourced code from previous milestones. Well known to many, some of the benefits of using a global public Blockchain such as the Huobi Chain Project include:
• Supply chain management
• Quality assurance
• Accounting
• Smart contracts
• Voting
• Stock exchange
• Energy supply
• Peer-to-peer global transactions
Some more positive news come from Huobi this week. For one, Huobi is initiating a global recruitment to select a Huobi Global CEO within 3 months. Moreover, Huobi will form a council with about 7 council members (including two or more Huobi Directors) to jointly build the technical architecture and institutional design of Huobi Chain. This will allow for greater flexibility and faster growth for both Huobi and the global crypto and [Suspicious link removed]munity.
Additionally, Huobi Group will be global at heart, yet localized in service. What this means is that Huobi services will cater to everyone around the world, all while deploying resources locally to be close to users as well. An example is Huobi Australia which has received approval from the Australian regulatory authorities to legally carry out fiat-to-coin trading business. Such developments will be integral in the internationalization and localization of Huobi Group. There are only a handful of exchanges which allow fiat-to-coin trading, and Huobi will now be one of them.
Finally, Huobi Group will invest $200 million USD to accelerate the Huobi Ecosystem. The focus is on upstream and downstream Blockchain projects, including but not limited to, exchanges, project incubators, media applications, digital wallets, data services, technological research, education, financial products, digital assets etc.
There is much more growth ahead of Huobi and I recommend you stay on top of it all. You can do so by subscribing to Huboi’s YouTube channel. Huobi will be posting interactive and engaging videos which brings much value to the crypto community. Also, do not forget to create your own Huobi account. To much more success and a brighter future for all.
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