HubDao announcing transition from Ethereum to Huobi Eco Chain (HECO) Network for a broader De-Fi Platform
HubDao X HECO
HubDao, a highly scalable Decentralized Exchange (DEX), has announced its transition from the previous Ethereum-based network to a more advanced network, the Huobi Eco Chain (HECO). HubDao is a Decentralized Platform that provides various financial and technical services on a decentralized system and governance. It has initially launched its platform and system on an Ethereum network, but in order to provide global users with faster, more efficient, and more stable services, HubDao has initiated its transition to HECO network.
HubDao is an advanced Decentralized Exchange protocol that aims to provide various types of financial derivatives using the decentralized and transparent features of Blockchain technology. Operation of decentralized platform provides utmost level of independence and safety to individual users but HubDao goes further by providing various types of financial products through its unique liquidity farming algorithm, decentralized team-based ranking system, and gaming/lottery platforms adding more spice and fun to the De-Fi Ecosystem.
HubDao with HECO, joining the HECO Ecological Alliance
The vision and aim of HubDao is to create a broad ecosystem on a truly decentralized platform. Modern-day Blockchain and Cryptocurrency markets are going through an unprecedented pace of growth providing almost equivalent level of financial and technical services from the conventional world. However, at the same time, modern-day Blockchain and Cryptocurrency markets are becoming much more centralized than ever restricting the freedom and democracy of global users. HubDao is aiming to provide the same level of financial and technical services that one can enjoy but on a truly decentralized platform free from tyranny, oppression, and restriction. By operating on the layers of HECO network, HubDao shall provide much greater services to greater part of the world.
Huobi Eco Chain (HECO)
HECO is a decentralized, high-efficiency and energy-saving public chain. It is the first product launched by the Huobi Open Platform. HECO is designed to realize the compatibility of smart contracts on the basis of supporting high-performance transactions. The native digital asset of Huobi Eco-Chain (HECO) is Huobi Token (HT). It adopts the HPOS consensus mechanism. In the future, HECO will improve the efficiency of Ethereum by adopting Layer 2, supplement and empower the Ethereum ecosystem.
Huobi Open Platform
Huobi Open Platform is a unified infrastructure platform based on the technical resources, traffic resources and ecological resources of the Huobi Group, which is gradually opened to the Blockchain industry. It goes together with HECO to provide more diversified innovative methods and basic services for global developers.
HubDao is a highly scalable Decentralized Exchange operating on a HECO (Huobi Eco Chain) network. HubDao provides DEX platform that has integrated the advantages from both decentralized platform and various features and services that are being provided at other centralized exchanges and banks.
HubDao DEX boasts its scalability as it not only provides liquidity mining features but also automated interoperability between various networks, decentralized and anonymous yet team-based operability, decentralized and automatized lending platforms, democratized listing procedures through governance voting system, and various other financial and technical services suited to modern-day Blockchain community members.
HubDao shall continue to spearhead the innovation in Blockchain and Fin-Tech by continuing the expansion and improvement of technical layers and partnering and integrating with thinkers, philosophers and leaders of modern-day Blockchain community.