What is HuB Coin (hubdao Coin)?

According to the official announcement of HuB, what is HuB Coin? HuB is the platform token issued by HuobiGlobal.

As an important part of the HuB ecosystem and value proposition, the future development plan of HuB is divided into three stages: the first stage, the second stage, and the third stage. Currently, after being listed on mainstream exchanges such as Huobi China and OKEx, HuB/BTC trading pairs will be gradually opened, and HT trading will be launched. In the second stage, HuBi also plans to cooperate with Huobi to launch asset collateral service business based on blockchain technology – HuBT (Hub Blockchain), which will support digital currency payments and token lending for DeFi projects. In the third stage, data governance will be achieved through a decentralized autonomous organization “DAO” (decentralized community management).

hubdao Coin

hubdao Coin is one of the largest projects on the Tiger Symbol Smart Chain (HSC), aiming to create a decentralized ecosystem for community users.

Hubdao was initiated by the Haidax Foundation in Singapore and incubated by Huobi Technology and others. It is a distributed application product based on the Ethereum public chain. It maximizes profits by distributing mining rewards to node operators, wallet service providers, and other participants. It also supports two modes of mining: transaction mining and liquidity mining. The first mode is called “LP (Liquidity Pool)”, the second mode is similar to futures contracts, and the third mode uses the hubdaos.fi protocol to generate an ERC20Token for mortgage lending and payment fees. The fifth mode is a token exchange system on the Ethereum network and other applications related to the DeFi field.