Dear Hoo users:
In a flash, Hoo has gone through two years of trials and tribulations. During this period, Hoo has steadily progressed towards its goals with a focus on platform value building.
As we move forward, we are committed to innovation in our business and trading models, and we have successfully carved out another innovative path of "digitizing blockchain assets and interests". We have taken every significant step on this path over the past two years. Perhaps from each footprint you can get a glimpse of the future prosperity of Hoo exchange.
In May 2018, Hoo took the hoo.com domains with boundless determination, which is the initial publicity for Hoo's building brandmark foundation. On June 19, 2018, Hoo Wallet was officially went live, in July of the same year, Hoo Founder Wang Ruixi holds the most EOS RAM, and at the end of July, Hoo officially launched Hoo Co-management based on the multi-signature mechanism.
In early 2019, by delving deep into the product and evolving from the wallet's single storage function to owning a mature business such as financial lending and instant redemption, Hoo successfully achieved breakthrough in the wallet market and stood out from many digital wallets, by being the first to meet the world's leading standards and became known as the premium digital asset management wallet in the field.
On March 7, 2019, Hoo became the first digital wallet within all of Asia to support the Lightning Network, and then started shifting to the Hoo Eco-expansion. On January 18, 2019, Hoo became a BOS Supernode and on May 7, 2019, Hoo and Oracle Chain entered into a partnership, officially becoming one of the nodes of the Oracle Chain Alliance.
The ecologically successful layout has made the business transformation of Hoo a success, on June 12, 2019, Hoo completed the wholly-owned acquisition of the two exchanges of Chaince and OAX. Successfully launched Hoo Exchange by integrating resources to achieve the data migration of hundreds of thousands of users, opening a new chapter for Hoo.
In the course of the exchange's development, Hoo is committed to business and trading model innovation. On July 23, 2019, Hoo and Nervos(the first domestic public chain), has officially entered into a strategic partnership and now online on Hoo Labs. Hoo Labs has also launched such as Algorand, a Turing Award project dedicated to solving the impossible triangle problem; the Korean social Kakao's lead project, Klay; Celo, a premium project that rivals Libra; and China-made cross-chain DeFi leader Kava and other high-quality projects.
On the basis of Hoo Labs, Hoo also innovatively proposed the concept of digitalization of asset rights, and developed a series of tokens right. Such as the right to refund coins, gain rights, insurance rights, property rights, computing power mining rights, etc., and gave them the attributes of circulation and trading in the secondary market, creating a brand new business field for the industry.
As of today, Hoo Option's Gain Rights have cumulatively brought nearly 1 million USDT of gain benefits to users, and successfully guaranteed the return of 10,000+ users' asset value with the Refund Rights, and insured the assets of 1,000+ users from the falling currency price with the Insurance Rights, cumulatively channeling 10,000+ users for our partners.
On December 13, 2019, Hoo launched its first structured financial products. The new model of dual-currency financial product brings new options for users. In the future, Hoo will bring in more diverse and varieties of digital asset management products that provide more benefits to users.
On January 8, 2020, Hoo contract was officially launched. In terms of the vertical development of the exchange, Hoo' digital asset financial services have covered spot trading, token rights and interests, futures contract trading, financial savings, dual currency plan, co-management service. Horizontally, Hoo has become an one-stop digital assets management platform, to provide wallet, lending, mining and custody service.
On 28 January 2020, Hoo donated RMB 250,000 to the Hubei Charity Federation for the purchase of Medical supplies such as masks and protective clothing as the coronavirus epidemic worsened. To support the fight against the coronavirus, Hoo took positive action in the epidemic, helping the people in the affected areas to tide over the difficult times together, and helping Hubei successfully defense and control in coronavirus warfare.
On march 24, 2020, Hoo in partnership with PRINCIPLE68 CAPITAL launches ETF halving campaign. The highest net ETF value up to 1.438, with an annualized return of 420.7%. As of May 26, the ETF's net value is 1.301, with an annualized 180.6%, for ETF investors winning a considerable amount of money.
On March 30, 2020, Hoo Custody added four new merchants in February with DAU of 50,000; cumulative client base of the enterprise exceeds 1.2 million users, and the monthly financial flow of the enterprise exceeds 16,000 BTC. Hoo Custody supports 20+ public chains, covering wallet, exchange, social networking, games and more than 10 types of merchants. Hoo Custody realizes the efficient process of managing and assigning permissions to the custody users, making the organization's accounts clear, controllable and verifiable.
On May 22, 2020, Hoo 2.0 Gain Rights returned, bringing Hoo users a total of more than 300,000 USDT Gain Benefits. On June 18, Hoo celebrated the two years anniversary of the brand with a special anniversary auction carnival. To feedback for our users' support, auction prices start at $0 for mainstream coins(LTC, ETH, BTC).
On July 1, 2020, Hoo will officially launch the brand new Hoo and 4.0 App product launch online. In Hoo 4.0 version app, we will show you the brand newly designed and more functional interface app. This time, we have not only optimized the overall visual appearance of the app, but also completely reconstructed the product in terms of trading performance, security, interaction experience, and ecological development. Stay tuned for improved products on Hoo 4.0 version!
The road we took to get to this point has been a long and winding one, but we have always maintained a forward-looking stance and never retreated. Just like the meaning of "Hoo", we are committed to bring safety and trust to our users. We are dedicated to the responsibility and accountability of our users, with the core value of the safety of users' assets, to build a more comprehensive and diversified digital asset trading platform for the goal, we will never stop!
June 29, 2020