Huobi Group — whose Huobi cryptocurrency trade is within the world prime three by quantity — has introduced the launch of the Huobi Chain Undertaking (HCP), together with a $100 million USD funding plan to construct a next-generation, autonomous, decentralized trade platform.
Huobi CEO: ‘We Firmly Consider in a Decentralized Future’
Huobi Group introduced immediately the launch of the Huobi Chain Undertaking, together with $100 million USD in funding to construct “a next-generation self-regulating and decentralized monetary platform.”
The Huobi Chain Undertaking will present people and organizations with a reliable and autonomous platform for worth trade, fundraising, securitization, and extra. The purpose of this venture is to develop each non-public and public blockchains and to ascertain decentralized, peer-to-peer networks. The public blockchains will probably be fully open — so anybody can be a part of and take part.
“We firmly consider in a decentralized future and the principle purpose of the Huobi Chain venture is to rework a centralized company to a decentralized one which’s run by the group,” mentioned Lin Li, founder, and CEO of Huobi Group.
Our dream is for Huobi to run on the general public blockchain and change into a really decentralized autonomous group.
The corporate will kickstart the HCP program by searching for out a world chief to guide the event of the venture via its Huobi Chain Superhero Championship. Divided into eight milestones, groups from around the globe will have the ability to be a part of and compete for the prize pool, which can initially be an funding of 20 million Huobi Token (HT) — or about $100 million USD on the present trade price.
New groups can be a part of the competition at any milestone, primarily based on the open-sourced code from earlier milestones.