Quick Disclaimer: this opinion piece about Huobi is not meant as a investment advice. Please DYODD
Singapore – Huobi has held a recent press conference titled “Chainge” on the 6th of June 2017, announcing their plans to become the financial hub of financial assets with a rebranding of the Huobi logo.
Aesthetically, Huobi updated the “bi” word in the Huobi logo, which means currency, in blue.
A metaphor commonly used to describe the relationship of an issuing company and their tokens could be presented as a tree and the water flow that sustain it. The easter egg here is revealed then Huobi world domination strategies is hence on their Huobi (HT) tokens!
For the uninitiated, Huobi has 2 digital currency trading platforms Huobi.pro (meant for consumers) and Hadax (autonomous token listing platform). They have also launched their own ERC 20 token known as Huobi Token (HT). Other plans includes the Huobi Chain Project (Link) and the Huobi Chain Superhero Championship Program (Link).
Here’s 3 key reasons why Huobi Group’s world domination strategy deserve a crown:
As of today, there are 48 super nodes for Hadax. According to the Hadax site, “super voting nodes are the professional investment organizations with an excellent reputation to vote for projects.Their responsibility is to make professional reviews and vote to projects that apply for HADAX voting.”
To the layman, the supernode gets to decide which projects get to be listed. The catch is users who apply to be super nodes must have 1 million HTs (estimated ~USD$5.68M at today’s price) or above in their accounts.
And can we infer that’s 48M HTs hodl-ed by super nodes right now and the circulating supply is only 50M HTs leaving only 2M HTs for the other users to buy and vote for their projects?
There’s finally an introduction of HT trading pairs on Huobi.pro!
This increase the trading of HT tokens and increase volume. Wouldn’t be surprised to see hot ICOs that will be firstly launched with a HT pair in the near future to encourage more trading against the HT token. With seamless integration of huobi.pro and Hadax, users can swing between each platform to trade HTs.
The Huobi Chain is an exciting innovation with Lin Li, Huobi founder and CEO of Huobi Group stating this: “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. Our dream is for Huobi to run on the public blockchain and become a truly decentralized autonomous organization.”
This is almost unimaginable how such a large powerful organisation would want to decentralise herself. Great that they have committed a massive reward pool through Huobi Chain Superhero Championship Program to bring the top minds in working for a project that would change how organisations are governed.
Imagine a utopian world built by the best minds without a centralised governing body and now imagine the common mode for transfer of value in this world as HTs. You get the picture! HT moon!