PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the upcoming listing of HUB on the 1st of December 2020 at 14:00 UTC. HUB was created by the Human Trust Protocol Network, under founding member Eric Ly. HUB will be listed with BTC and USDT trading pairs.
What is the Human Trust Protocol?
Human Trust Protocol solves endemic trust problems, and provides verifiable and portable trust. The vision of the Human Trust Protocol, and that of its HUB token is to encode identity and reputation on the blockchain, to become the next digital identity protocol interoperable across multiple platforms. The platform focuses on 3 factors: Identity, Reputation and Trust. Each account will reference an identity using decentralized digital identities, having the capability to capture rich and raw reputation data by which applications can enable users to make the best interpretation of trustworthiness. After all, the solution the platform is providing is the ability to evaluate a user’s capability and intent on a new interaction via a Decentralized Trust Network.
Why should one choose HUB?
HUB has a number of unique properties:
- Verifiable & portable trust
- Self-sovereign reputation data
- Multi-dimensional reputation
- Context-sensitive trust scoring
- Incentivization of trustworthy interactions
It effectively solves endemic trust problems and usability in any community and marketplace. It’s backed by an astounding and experienced team, with the platform being created by LinkedIn Co-Founder Eric Ly at the helm, as a seasoned veteran in the tech space and a successful entrepreneur the company surely has the potential to become the next big thing.
Outside of just the backing of the team, HUB’s seen major adoption as a blockchain platform, especially with its user base increasing this year by 603% and MAU increased 688% with tens of thousands of users on the HUB platform at joinhub.com.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on the HUB platform and the next stage in incentivising trustworthy interactions: “The Human Trust Protocol, and the HUB token is a very interesting project, billions of users on the internet interact with each other every day on messengers, online communities, social networks and peer-to-peer marketplaces, making constant contact with people they never met, let alone trust. This token will flourish within our exchange, and I am sure our users will gain a lot of interest in what their team has to offer.”
Eric Ly, Founder and CEO of HUB says that, “we are incredibly excited to partner with Bitcoin.com to begin trading the HUB token. Given the reputation of the HUB project and our global ambition to deliver economic prosperity through decentralized trust and reputation to every corner of the world, we were looking for a partner who shared our global ambitions for the project. We were impressed by the exchange’s unparalleled support of our efforts and its increasingly widespread reach across the globe.”
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, our exchange has been visited by more than 500K active traders per month, and this number continues to grow as you read this sentence.
Started in 2018 by LinkedIn co-founder Eric Ly, HUB’s vision is to encode identity and reputation on the blockchain to become the next digital identity protocol interoperable across multiple platforms. By putting identity data, one of the most valuable data types, back into the hands of users, people will gain access to an unprecedented level of economic opportunity and prosperity. HUB’s ecosystem includes the HUB platform at joinhub.com, a rapidly growing rewards-based event and community platform, and partner companies in the background verification and DeFi areas.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post Bitcoin.com Exchange To List HUB Token as the Next Gen Trust-Based Cryptocurrency appeared first on Bitcoin News.
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