On October 9, 2022, H.E. Justin Sun, Founder of TRON and Ambassador from Grenada to the WTO, tweeted he was “very honored to be appointed as a member of the Global Advisory Board of Huobi Global.” His sentiments were confident and resolute – “Full sail ahead.”
Huobi Global has been in the top 10 crypto exchanges for years now. Founded in 2013, they describe themselves as one of the “world’s leading blockchain companies with a mission to accelerate the digital economy through breakthrough innovations in core blockchain technologies.” It fits kindredly with TRON’s mission statement, which is to accelerate the decentralization of the web via blockchain technology and decentralized applications. Sun has repeatedly said, crypto must learn from TradFi how to deliver practical tools for holistic decentralized financial services. Collaboration between Huobi and TRON might make it possible to deliver on that.
Here are 5 reasons to be bullish on H.E. Justin Sun’s appointment to the Huobi Global Advisory Board:
# 5 _ because teamwork makes the dream work
Have you stopped to consider the dream team potential of the five advisory board members?
- Ted Chen is the CEO of About Capital Management (HK) Limited.
- Du Jun is the Co-Founder of Huobi Global and Founding Partner of Node Capital (a venture capital firm)
- Wang Yang is Vice President of the Hong Kong University of Science and Technology (HKUST).
- H.E. Justin Sun is Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Grenada to the WTO, and Founder of TRON.
- Leah Wald is the CEO of Valkyrie Investments (Issuer of BTF, one of the first Bitcoin ETFs in the U.S.)
If they find chemistry and a groove, no dream is too big.
# 4 _ because BitTorrent Chain is THE blockchain solution for data storage and transfer
In order to deliver on Huobi Capital’s ambitious goals, a whole lot of data will need to be stored and transferred. It will also need to be affordable to do so. And, what if it could be on the blockchain, instead of on some centralized web service? TRON’s partnership with BitTorrent Chain makes all of this possible. Factor in the board relationship with a management company like About Capital, and who knows what Sun and Chen may imagine and develop together for Huobi?
# 3 _ because DeFi services and crypto utility need an energy-efficient, affordable blockchain
TRON was just listed as the fourth most visited coin from October 16 to 23, 2022, by CryptoRank.io. Huobi is still considered a leading exchange with near-global reach. To deliver holistic financial services for everyday utility, a blockchain that is energy-efficient and transaction-affordable is a must. TRON offers this and more. It’s also set up to be interoperable with other chains. Once all of the technical pieces are in place, decentralized financial services for every person on every continent could be actualized. On top of all of that, imagine if Sun and Wald put their heads together and figured out how to integrate Bitcoin’s value into the overall equation for Huobi.
# 2 _ because the future of education is on the blockchain
Sun has been adamant at recent conferences and in recent interviews about the need for crypto education that is easy to digest and apply. An effort is underway from TRON’s leadership to provide bite-sized learning content for crypto onboarding and DeFi utility. TRON paired with Huobi and Sun paired on the board with Yang from HKUST could be a double dynamic duo when it comes to blockchain-based innovation for learning that empowers future crypto users.
Beyond crypto education, though, there is the potential to leverage blockchain tech for education applications that disrupt current models, empower life-long learning, and provide proof of education that otherwise has been difficult to verify. TRON has the speed, environmental friendliness, and ease of development to offer current and new models the way forward.
# 1 _ because TRON’s stablecoin USDD gets to pair with the HT token
Messari recently reported that a token’s stability and value are directly linked to its TVL (Total Value Locked) and the stablecoin supply on that specific blockchain. With the strength of USDD and the amount of stablecoin that is moved on TRON, Huobi and its native token, HT, have the potential of becoming one of the most stable and valuable cryptocurrencies.
Sun conveyed in a recent Coindesk interview that the board needs to focus on the HT token for Huobi’s exchange operation. Sun also explained in that same interview that USDD would be one of the settlement stablecoins on Huobi, and within the next three months, they will likely list all the cryptocurrencies on Huobi against USDD. Huobi Co-Founder and fellow board member Du Jun will have the chance to build synergy with Sun in order to leverage all of the assets in the TRON ecosystem for the sake of Huobi’s advancement and success. No one asset stands to provide more strength and stability than USDD.
When Huobi Global selected Sun for their Global Advisory Board, it was in the midst of a company refocus of sorts. They’ve not limped along by any means, but progress on Huobi’s ambitions was stifled when China put the clamp down on crypto. At that time, they were Asia’s leading crypto exchange. Sun and the newly appointed advisors hope to return Huobi Global to that level of prominence and more. With their collective intelligence, expertise, provenness, entrepreneurial spirit, and resilience, they’re ready for the next bull run.