On November 2, 2021, just days after Hoo’s initial launch of F9, the price of F9 surged from an opening value of $0.02 to a peak of $0.143, marking a remarkable increase of 615%. In recent years, Hoo Exchange has swiftly established a strong presence in the industry through its proficiency in identifying quality projects, positioning itself as a frontrunner in the new generation of exchanges that embraces innovative and integrated development. On June 14, 2020, with a forward-thinking approach, several promising DeFi projects like Compound and Balancer debuted on Hoo for the first time. The burgeoning DeFi sector has propelled these high-quality projects to exponential growth in currency value, providing substantial returns for investors.
Regarding the selection of quality projects, the business leader at Hoo shared her insights. She emphasized that the capability to identify genuinely high-quality projects is the core competitive edge of the trading platform, and Hoo has rapidly developed its own methodology for discovering such projects. Moreover, a group of industry experts and seasoned investors has formed the Hoo Research Institute to collaboratively establish rigorous selection criteria for projects. For instance, we have successfully identified DeFi projects that enabled us to capture new traffic and unearth potential projects ahead of time, including FLOW, RAMP, AXS, LINA, DEGO, SOL, and others.
Additionally, Hoo places a strong emphasis on innovation and development within the industry. From Spot and Futures to OTC, Hoo Earn, Collateral Loan, Hoo Labs, HooSwap, HooPool, and ultimately, the HSC (Hoo Smart Chain), Hoo has progressively constructed a comprehensive blockchain ecosystem, integrating the entire ecological development with the platform token HOO as its lifeblood.
Overall, Hoo has achieved notable leadership within the industry across both project screening and product innovation, thereby laying a solid market foundation for its global growth. The current advantages of Hoo can be summarized in several key points: Firstly, the incorporation of DeFi benefits into CeFi to achieve the convergence and development of CEX and DEX; Secondly, the establishment of a blockchain underlying infrastructure via the Hoo smart chain, addressing various issues such as high transaction fees and complex operation processes; Thirdly, Hoo excels in discovering high-quality blockchain assets while offering users comprehensive blockchain asset management services; Lastly, global compliance serves as the developmental strategy to ensure a secure and convenient trading environment for users.
Rexy W, the founder of Hoo, stated that there could be at least 5 to 10 years of growth ahead. We hope to witness Hoo sustain its advantages and continue to evolve, thereby providing users with more efficient, straightforward, and stable services as the industry progresses.
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