Crypto is really getting interesting day-by-day notwithstanding the challenges faced recently in cryptocurrency world, there are genuine and solid platforms and projects pulling things to create the true decentralization the world not just desire but indeed deserve. One of the cryptocurrency exchange industrial giants, Huobi Global is pioneering the next generation of Blockchain pet named Huobi Chain. In this article MyCryptoDictionary team will have a first-hand dive into what this Public Chain will be capable of doing, the developmental stages involved and the possibly forecast of the benefits to pushing Huobi Token value far higher with higher returns for investors and overall impact and influence on the Global cryptocurrency market and exchange services.
Examining The Meteoric Rise Of Huobi
About Huobi Global
Huobi Group, established in 2013, is the leading global Blockchain asset financial service provider. Headquartered in Singapore, Huobi Group has operations across the entire Blockchain value chain creating a formidable ecosystem which complements one another, which includes: Huobi Pro, HADAX, Huobi Research, Huobi Capital, Huobi Labs, Huobi Mining Pool and Huobi Ecosystem. At the end of 2017, the cumulative trading volume of Huobi Pro amounted to US$850 billion.
Huobi Pro is one of the leading digital asset exchanges globally. Through its platform, Huobi Pro offers cryptocurrency traders worldwide access to more than 100 digital assets. In addition, Huobi Pro’s OTC platform provides a transparent and highly reliable third-party escrow platform for global users with digital assets to conduct their trading activities between fiat and cryptocurrencies. Underpinned by world class security and risk control systems, it is one of safest Bitcoin exchanges in the market today. Huobi Pro is also proud to be the first cryptocurrency exchange that provides 24/7 customer service. Click here to start trading on Huobi.
Huobi Global Innovative Products/Services
Aside the aforementioned, Huobi takes the lead in innovative products and services initiatives in the crypto world with the launch of things like Huobi User Protection Fund (This create a huge backup fund to repay their exchange users incases of losses caused via the use of their crypto exchange, Huobi10 index (HB10) – given the luxury of investment diversification into 10 preselected coins/tokens, HADAX – unique exchange which gives back listing power to users through voting and just recently Huobi Global announced Huobi Chain (a public Blockchain like Ethereum, EOS) and will invest USD$200 million to accelerate 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.
What is Huobi Chain?
Huobi Group, the leading blockchain asset solutions provider, announced on 6th June, 2018 the launch of the Huobi Chain Project (HCP) and the Huobi Chain Superhero Championship Program (HCSCP). With this new initiative, the Company is moving toward building a next-generation self-regulating and decentralized financial platform.
The Huobi Chain Project will provide individuals and organizations with a reliable financial protocol for value exchange, fundraising, securitization and more. While both private and public chains are decentralized peer-to-peer networks, the network within public chains is entirely open, so anyone can join and participateHere.
Huobi Global Building Next Generation of Public Chain
“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.”
Huobi will kickstart 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.
“Upon completion, all of the code will be open-sourced, and we will also gradually migrate Huobi onto this new public blockchain,” Li explained. “Going forward, a percentage of Huobi’s yearly revenue will also be made available to fund the program.”
The Huobi Chain Superhero Championship will incentivize the community to participate in building the Huobi public chain from the ground up. Huobi devotes to make necessary virtual currency capital contributions which amounts to 30 million Huobi Token（HT） in helping the development of the said project.
In conclusion: if this Huobi Chain finally becomes a reality, then Huobi will have reaffirmed its leading position in cryptocurrency sphere globally. You can join the HuobiPro platform here free!
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Kindly do your research before you invest in any crypto project because the above is for information purpose only not as professional or legal investment/trading advise.