Cryptocurrency exchange Huobi plans to allocate 30 million of its Huobi Tokens (HT) to fund the creation of its open-source blockchain protocol, the Huobi Chain Project (HCP), the company’s spokesperson told Cointelegraph Wednesday.

Huobi will fund the Huobi Chain Superhero Championship Program with an initial investment of 20 million Huobi Tokens, worth about $100 million, and will also contribute a portion of its yearly revenue to the program.

The 21-month program will “[seek] out a global leader to lead the development of the Huobi Chain project,” said the spokesperson. Read more here.

ThirtyK Staff
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