Huobi relaunches the three axes, leading the second half of the bull market

On May 19, Bitcoin once fell below $30,000, Ethereum fell below $2,000, and mainstream cryptocurrencies all recorded large one-day declines.

 

Accompanied by the violent market turmoil, the market trading volume soared. Under the impact of the sharp increase in traffic, some exchanges were down, and the DeFi and DEX ecosystems were not spared. Unsurprisingly, Ethereum transactions were congested again. The information on the chain showed that the gas fee for quick confirmation of Ethereum once exceeded 2000 GWei, which was far beyond the affordability of small and medium-sized investors.

 

Although the prosperous ecology and first-mover advantages have allowed Ethereum to maintain its leading position for many years, the active market urgently needs A public chain with larger capacity, lower transaction costs, and faster speed. Under the background of long-term congestion of Ethereum, new public chains that are more friendly to small and medium investors may face new growth opportunities, especially the public chain of trading platforms.

 

Trading platform public chain in the second half of the bull market

 

Head The story of internal trading platforms and self-built public chains continues.

 

As the decentralized infrastructure of the blockchain, the public chain plays a unique role— —Support dAPP and token. A few years ago, the competition of public chains was in full swing. But the problem at the time was that trading was not active. Newly promoted public chains with low transactions use theoretical TPS to fight against each other—almost no chain can run full TPS.

 

Recently, the outbreak of the DeFi ecosystem has brought a large number of active addresses to the chain, and active swap applications have brought A large number of transactions in the future have also brought different degrees of congestion problems to each public chain. The ecology is becoming more and more mature, and the performance bottleneck of the public chain is once again on the agenda.

 

Although the current size of DEX is still far from CEX, the application of public chains by leading trading platforms Pay more attention. Among them, Huobi's HECO ecological chain is a vivid example of this emphasis.

 

On May 7th, the HECO ecological chain announced the official launch of the global node election to promote the decentralized governance of HECO.

 

The relevant rules show that the HECO node is the governance and equity node of the HECO ecological chain. Powering the blockchain network, nodes enjoy the benefits of transaction fees on the HECO chain and participate in chain governance. More rights and interests in the future will be generated based on node proposals.

 

HECO has 21 master nodes, and 11 master nodes and 11 candidate nodes will be opened in this round. Pledge HT (HECO) to the HECO address specified by the node, the top 11 candidates with HT pledged amount are the main nodes, and the 12th-22nd are the candidate nodes. According to the official announcement, to become a node candidate, you need to pledge 5,000 HT. The pledged HT will not be unlocked until the candidate withdraws from the election or gives up the node governance. The unlocking period is 15 days. If a participant commits illegal or cheating behaviors, HECO officials have the right to disqualify the participant from the election.

 

 

< p line="iaN9" >Based on the current market heat, the probability of candidates is far more than 32. Calculated on the basis of 4 times the quota, 640,000 HT will be locked at the beginning of the node election, the deflation of HT will be greatly improved, and the value will be further scarce.

 

The message shows that all node fees of HECO are distributed according to the following proportion: 50% is distributed equally to each master node, 40% % will be allocated according to the number of HT locked by all 21 master nodes, and 10% will be allocated to the locked HT corresponding to all candidate nodes.

 

The profit distribution rule between the node and the locked user: it will limit the funds distributed to the user by the node to 70%- Between 100%. The specific amount can be decided by the node sponsor or the community by voting.

 

Locking funds for financial management, the funds locked in the lock-up address should exert the capital effect, and can be transferred to In the project address of lossless mining, considerable lossless mining income can be obtained.

 

The information on the chain shows that the current average daily handling fee of HECO is 3947.95 HT, and the average monthly handling fee income is 118,400 HT , each node can earn 3701 HT per month on average. Based on the principal of 5000HT, the annualized income of HECO nodes exceeds 888.24%.

 

The main purpose of node election is to improve the degree of decentralization. The advantage of the public chain of the trading platform lies in its operation. In order to catch up with the first-mover advantages of the Ethereum network in the number of developers and users, efficient operations can alleviate the gap between latecomers and Ethereum, and use the platform's own traffic to attract users to participate in the ecology. What users need is experience. When the experience meets the needs, the next step is to tell the story of decentralization.

 

Because the operation will be more or less criticized for the low degree of decentralization, this is the common chain of every trading platform the problem we are facing. Just like the native encrypted ecological users attracted by Ethereum, the new traffic attracted by the public chain of the trading platform, after completing the cold start, improving the degree of decentralization is not only for network security, but also to attract real encrypted native users, or really large funds users.

 

Of course, users with large funds value security, and they need a high degree of decentralization of the network to recognize the security of the network . HECO has completed the startup from 0 to 1, and the node campaign is HECO's pavement for attracting native users.

 

How much money has been siphoned for hot new assets?

 

Another plank of Huobi is on the layout of high-quality new assets.

 

On May 11, Huobi announced that it will officially open the seventh phase of Huobi Global’s preferred listing channel (Huobi Prime) on May 20, Singapore time. From May 14th to 19th, daily minimum holdings of 300HT can participate in the Prime draw.

 

Prime items are allocated in two rounds. In the first round of allocation, the concept of star users was added. If the daily minimum position reaches different gears, additional lottery allocation will be obtained. In the second round, the amount of pending orders at the buy one price will be distributed in equal proportions.

 

After nearly 2 years, Huobi Prime finally restarted. When Huobi Prime was first launched in 2019, its outstanding performance attracted attention. Take TOP, the star project of the first phase of Prime, as an example. A total of more than 130,000 people participated in the world, and it was sold out within 7 seconds. Among them, there are also many memorable scenes. TOP has a maximum increase of nearly 28 times after the opening.

 

This seems to be a good time to restart Prime, in the hot new asset market led by Dogecoin, new investors Interest in new assets is at an all-time high, and hot new and small currencies are double siphoning black holes for traffic and funds.

 

The new currency provides opportunities for encrypted assets to break the circle, and also brings a lot of new traffic. The competition for new traffic is a new growth point for trading platforms.

 

Huobi also responded quickly. Recently, Huobi has not only responded quickly to ICP, LAT and other rapidly growing currencies in a short period of time, but also occupies a considerable transaction share in the entire network transactions.

 

Before, CSPR was listed on Huobi, with an increase of more than 2,000 times. Another star project, the Internet computer Dfinity, is also attracting attention on Huobi. According to statistics, 24 hours after the launch of ICP (Dfinity Token) on Huobi, the transaction volume reached 680 million USDT, while the global spot transaction volume was 1.21 billion USD. Huobi’s trading volume accounted for 56.7% of the overall spot trading volume, which means that more than half of the ICP flowed into Huobi.

 

Building a new asset center, the overall ecological development

 

On the other hand, Huobi announced that it has integrated and established a new asset center (Listing BU) from April 2021. The new asset center will be responsible for Huobi Global asset-side work, including project listing, asset evaluation and scoring, asset operation, etc.

 

This department aims to select high-quality digital assets for all Huobi global users, and conduct full life cycle monitoring of listed assets Service and standardized management help the industry to develop in the direction of compliance and standardization. Ciara Sun, vice president of global business at Huobi, will also serve as the head of the department.

 

Ciara Sun said that the asset center will put an end to any form of "rat warehouse" behavior in order to protect the interests of Huobi users, Reshape the corporate image.

 

The market has affirmed Huobi’s series of measures, and the doubling trend of HT shows the attitude of the market. The restart of Prime will be more conducive to the listing of high-quality new currencies, bring more investment opportunities, and further promote the rise of HT.

 

On the whole, the three axes have their own advantages and disadvantages, and their placement is precise. The deflationary effect caused by the node campaign pledge, the rapid pace of currency listing brought about by the restart of Prime, and the regulatory compliance brought about by the establishment of the asset center. Multiple factors interact and make HT return to its due value.

 

The bull market has gradually entered the second half, and Huobi, which moves frequently, is also rapidly iterating to provide investors with the most comfortable experience .

 

A series of changes have pushed Huobi’s global market share to further expand, and people have begun to expect a better Huobi.

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