SINGAPORE, Sept. 29, 2018 /PRNewswire/ — Huobi Group today held the Huobi Chain Superhero Championship Program (HCSCP) Finals, where the winners, and new leaders of the Huobi Public Chain were selected by Huobi users and community members: G-Star Team.
As winners of the Huobi Chain Superhero Championship Program, the team consisting mainly of Larry Liu, Founder of Genaro Network together with five other members will lead the development of the Huobi Chain, an open-source and public blockchain. The team will take their place alongside the members of the Huobi Chain Expert Advisory Committee, which includes prominent figures in the tech industry such as Don Tapscott and Randi Zuckerberg.
The HCSCP was a 21-month long hackathon that was divided into 10 milestones, with participating teams competing for the prize pool. The contest aims to incentivize the community to participate in building the Huobi public chain from the ground up. Huobi received over 400 contest applications, from teams based in more than 20 countries around the world, including China, the United States, Singapore, Japan, South Korea, and the Netherlands.
Huobi Chain is a new initiative launched by Huobi Group that will see the exchange’s cryptocurrency trading move from centralized servers to a distributed ledger format. In addition, this open-source project may also be used for other products and services, such as securitization and fundraising. Huobi Group will fund the Huobi Chain project with an initial investment of 20 million Huobi Token (HT), more than $30 million U.S dollars at the current exchange rate.
“In the five years of Huobi’s existence, we have gradually come to believe that the current version of our exchange platform is the first generation in the future of digital asset exchanges,” said Li Lin, founder and CEO of Huobi Group, in a speech at the HCSCP Finals. “We strongly believe that the next step in the continuous evolution and development of blockchain technology will be a completely new distributed system, where exchanges operate on a decentralized public chain. The future will be a brand-new self-financing world based on blockchain.”
About Huobi Group
Huobi is one of the world’s leading digital assets and services providers, offering crypto investors a wide range of digital assets and financial services. In 2013, Huobi’s founding team saw the tremendous potential of blockchain technology, digital assets, and global financial reform, all of which led to the creation of Huobi. Huobi now empowers millions of users, across 130+ countries to participate in digital assets markets. Currently, Huobi has offices in Singapore, United States, Japan, South Korea, and Hong Kong (China) with more countries and regions coming soon in the near future.