Huobi is announcing the launch of the Huobi Chain Project (HCP) and the Huobi Chain Superhero Championship Program (HCSCP). With the HCP and HCSCP initiatives, Huobi wants to build a next-generation, decentralized financial platform.
Huobi[1], headquartered in Singapore, is a global digital currency trading platform and exchange with offices in Hong Kong, Korea, Japan and the United States. According to the company, Huobi’s digital asset exchange has accumulated a trading volume of $1 trillion and serves more than 5 million users in over 130 countries.
According to data provided by CoinMarketCap[2], Huobi is currently the world’s third largest crypto exchange by trade volume, trading about $1.2 billion a day at the time of writing. The Huobi group is pursuing a diversified strategy, as shown by the recent launch[3] of a crypto-oriented Exchange Traded Fund (ETF).
"Huobi is moving to Huobi Chain for a couple of reasons,” Gordon Chen, a senior Huobi executive in charge of the project, said in conversation with Bitcoin Magazine. “First, we believe in the decentralized future where some form of autonomous organization will replace corporations today. Huobi wants to make history and lead this transition. We see this as a grand experiment. Second, we think that this new world needs a new financial infrastructure, which is what we are hoping Huobi Chain will be.”
Huobi wants to develop the HCP into a decentralized, autonomous platform for value exchange, fundraising, securitization and more. Once the project is completed, Huobi plans to gradually migrate its operations onto the Huobi Chain. Huobi claims that the HCP is the first global experiment of its kind to transform a centralized corporation to a decentralized organization.
“Our dream is for Huobi to run on the public blockchain and become a
