Huobi Will Give Millions in Huobi Tokens (HT) for the Creation of its Own Blockchain
The Huobi Exchange has announced that it plans to allocate 30 million Huobi Tokens (HT) token to finance its own open source blockchain. The project aims to create a decentralized autonomous organization (DAO), which will work on a patented blockchain.
Blockchain will act as a platform for users participating in the ICO, as well as for voting. It is also assumed that ultimately, Huobi will become a decentralized exchange. At the same time, for realization of ideas, a high level of safety and efficiency is needed.
Representatives of the exchange, in a comment for CoinDesk stated:
"Now, we are conducting a kind of social experiment. The future is unlikely to be completely decentralized. That is why it is extremely important to find a balance between centralization and decentralization. This is the final point of our research."
Now, the company is looking for developers to create a new system. For the implementation of the project was allocated 30 million tokens Huobi Tokens (HT). It is expected that the project will be developed within 18 months. The creation of the project will be divided into eight stages. For each of them will be selected by the developers.
It was also announced that today there are negotiations with 10 well-known companies that are developing similar projects. They should help in the creation of the team of developers of the blockchain.
Note that today it was also announced the beginning of the work of the Huobi exchange in Australia. The work of the trading platform will begin in late June.