Huobi Group, the leading blockchain asset solutions provider, announced today 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 decentralised financial platform.
The Huobi Chain Project will provide individuals and organisations with a trustworthy and autonomous platform for value exchange, fundraising, securitisation and more. While both private and public blockchains are decentralised peer-to-peer networks, the network within public blockchains is completely open so anyone can join and participate.
“We firmly believe in a decentralised future and the main goal of the Huobi Chain project is to transform a centralised corporation to a decentralised one that’s run by the community,” said Lin Li, founder, and CEO of Huobi Group. “Our dream is for Huobi to run on the public blockchain and become a truly decentralised autonomous organisation.”
Huobi will kickstart the program by seeking out a global leader to lead the development of the Huobi Chain project. Divided into 10 milestones, teams from around the world can join and compete for the prize pool. New teams can join 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 incentivise the community to participate in building the Huobi public chain from the ground, up. Huobi will fund the project with an initial investment of 20 million Huobi Tokens (HT), which is about $80 million dollars at the current exchange rate.
Gordon Chen, Investment Director of Huobi Group, will be in London on 21 June 2018 and Amsterdam on 26 June 2018 to present the Huobi Chain Project to the local blockchain communities in Huobi’s European Quant Trade Summit 2018. Register for the event at www.huobisummit.com
If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking
Microsoft today announced that more than 70,000 students across Northern Ireland have developed STEM, digital…
Venture capital funding into Irish SMEs fell by 10% to €578.4m in the first half…
Landmark Technologies, an Irish provider of IT and cybersecurity services, has announced a new series…
Following the huge success of its inaugural event, which welcomed in excess of 10,000 visitors,…
UGREEN has been steadily expanding its MagFlow range of magnetic wireless charging products, and its…
Vodafone Ireland has today announced it is seeking entries for its highly coveted See Your Business…
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.