*What is HitChain?*
The HitChain project is a global autonomous community that is of the developers, by the developers, for the developers. The term HitChain derives from Git and Blockchain. Git is the open source distributed revision control system authored by Linus Torvalds. Block- chain is the open distributed legder invented by Satoshi Nakamoto. With HitChain we hope to surpass GitHub as the largest Open-source platform by applying Blockchain technology for a more dynamic, democratic, and autonomous Open-source ecosystem. If you have not done so already, make sure to register for your personal Huobi Global account (http://[Suspicious link removed]/2HK1PPs) and participate in the community!
*Roadmap*
Here’s is what the roadmap for HitChain looks like over the next year and a half. Q1 2018: HitChain Team Setup; Q3 2018: Launch Development and Token Sale; Q4 2018: HitChain Community Online; Q2 2019: HitChain Public Chain Online; Q2 2019: Hit Protocol First Release; 2019: Continuous Investment on Community and Optimization. More is yet to come and you can follow the updates by visiting the HitChain website (
http://www.hitchain.org/).
*HitChain Token (HIT Token) *
HitChain Token is an Ethereum ERC-20 based Token circulating within the HitChain ecosystem. Once HitChain online, ERC-20 will be exchanged to HitChain Token (HIT Token) at one to one ratio. There is currently a total supply of 102,400,000,000 HIT and 8593 holder addresses.
*HitChain’s Four Step Process*
1. **Hitchain Cryptocurrency Infrastructure: **Mainly based on blockchain technology, HitChain currency Infrastructure provides basic technical support for the operation including ledgers, isolation testimonials, consensus mechanisms and smart contracts.
2. **Hitchain Infrastructure: **HitChain Community Infrastructure is to provide key services including the Hit code management Protocol, distributed code hosting services, and code authentication services, etc.
3. **Hitchain Development and Trading Community: **HitChain Development Community is mainly for software development based while HitChain Trad- ing Community for software transactions. Software development community is mainly composed of Open-source developers while code trading community is composed of code developers and code consumers.
4. **Hitchain Applications: **HitChain Applications provides comprehensive applications to facilitate code development, deployment and transaction.
*Leaders*
HitChain team is composed of global opensource veterans and experts, who have various backgrounds from Microsoft, RedHat, Openstack, and OSChina. **Jiang Li **is the chairman and director of Hitchain Foundation; CTO of Microsoft China. Li has held the post of global senior technology management for a long-term and has a deep insight and extensive network of contacts in the international IT industry. Li has profound accumulation in field of Blockchain, Cloud Computing and Open-source Ecology. Li is responseble for the overall operation and strategy of HitChain, attracting global developers to build a developer autonomous community which can surpass Github. **Khee Joo Tan **is the director of Hitchain Foundation, former TIBCO CTO in APAC. Tan served as technology executives in lots of transnational soft corporations and has over 30 years of working experience in APAC software industry. Tan is responsible for international promotion and business development in the HitChain team.
**Leon Li**is the director of Hitchain Foundation, open-source expert at Intel, first RHCA Certified Architect in Greater China Area. He served on technical positions in many global soft companies. Li will be leading the construction of open-source system in the HitChain team. **Nick Ma **who is a core contributor and maintainer at OpenStack Foundation, Chief Cloud Architect at Telexistence Inc. Ma is responsible for the framework, key module research, and development in the HitChain team.
*HitChain Institutional Investors*
HitChain has a robust list of institutional investors endorsing its promising technical features and foreseeable opensource ecosystem. Some of these investors include BitMain: BitMain is the global top chip R&D company and is a monopoly in the realm of computing power. BitMain must have seen the value of a developer community and developer eco; Huobi Capital; and Draper Dragon: As Tim Draper is a legendary angel investor in Silicon Valley, his investees usually attract a lot of attention.
*HIT TokenAirdrop*
From 10:00, August 3 to 10:00, August 9 (GMT+8), the first 100,000 HT holders who log in Huobi Global will receive an airdrop of 100 HIT each. A total of 10 million HIT will be airdropped and the amount is limited. Airdropped tokens will be issued to Huobi Exchange Account within 7 working days after the offer. Moreover, from 15:00, August 3 to 15:00, August 9 (GMT+8), upon successful registration of this activity, the Top 50 real-name users with a cumulative HIT trading volume (buying and selling volume excluding self-dealing) of not less than 1,500,000 HIT shall receive the following rewards:
TOP 1 6,420,000 HIT
TOP 2 3,620,000 HIT
TOP 3-5 2,120,000 HIT
TOP 6-10 1,386,000 HIT
TOP 11-20 630,000 HIT
TOP 21-50 294,000 HIT
Click here to register for your personal Huobi Global account (http://[Suspicious link removed]/2HK1PPs) today!
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** Note: *The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. For the avoidance of doubt, this article is solely intended to be for general information only and does not in any way constitute as professional advice or financial advice. This is not an invitation or an offer to buy or sell cryptocurrencies, nor is it a recommendation to buy or sell specific types of cryptocurrencies. Trading cryptocurrencies carries a high level of risk that may not be suitable for some. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice.
