HOO Goes Global, Proving Itself the True "Golden Shovel"
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HOO Goes Global, Proving Itself the True "Golden Shovel"
The three years of infrastructure development at Hoo is a key source of confidence for Hoo's global expansion, and also the solid foundation for HOO's intrinsic value.
Navigating Web3 tides with focused insightsAs Bitcoin once again climbs to $68,000, voices across the industry are declaring the arrival of a second bull market.
Li Qiwai's "double-top" theory has been confirmed: one peak at the beginning of the year, another by year-end.
Bitcoin reached new highs twice, and crypto enthusiasts celebrated each time.
Yet throughout these two Bitcoin rallies, significant developments have unfolded within the industry.
Today, Hoo—rooted in Dubai—is building a global development path with HOO.
HOO: The "Golden Shovel"
Everyone is different.
In the vast world of cryptocurrency, individuals come from all walks of life, and to be remembered, each must possess unique characteristics.
Cryptocurrency exchanges are no exception.
For instance, Coinbase stands out for compliance, Binance for globalization, Huobi for spot trading, and OKEx for derivatives.
Beyond these, other exchanges also have their own distinguishing features.
Take Hoo, for example.
When it comes to Hoo, the industry might attach several labels: adept at identifying promising projects, one of the few platforms with its own smart chain, relatively shallow order books, and its founder Wang Ruixi, who dislikes being called a billionaire, among others.
But now, Hoo may need to add another label: globalization.
Recently, Hoo established its global operations center in an entire office building provided by the Dubai government, entering a fast lane of rapid growth.
Just as stock price fluctuations reflect changes in a listed company’s value, for a blockchain enterprise—especially a cryptocurrency exchange—the performance of its native token often mirrors the overall health of the platform. Conversely, the platform’s real-world progress directly impacts the value of its native token.
HOO is the native token of the HSC Chain. Originally capped at 1 billion tokens, Hoo permanently burned 900 million unissued HOO tokens following community feedback, reducing the total supply to just 100 million. It serves not only as the sole universal asset across the entire Hoo ecosystem but also as the key enabler of capital flow and governance mechanisms within the ecosystem.
Since its launch in September last year, HOO—the exclusive token powering Hoo’s full ecosystem—has surged over 2,300% at its peak, leading among mainstream exchange tokens.
This impressive performance stems directly from Hoo’s platform growth and the extensive utility of HOO across diverse applications.
HOO holders can seamlessly participate in trading, development, DeFi, NFTs, GameFi, and metaverse experiences. HOO also functions as gas on the HSC Chain and grants access to platform services, payment benefits, value-added services, exclusive events, and early access privileges.
Enhanced Benefits
The value of HOO lies in two main aspects: its tokenomics model and the richness of its ecosystem.
On October 15, Hoo Smart Chain (HSC) released the HOO Ecosystem Whitepaper, marking a comprehensive upgrade of HOO holder benefits.
Currently, holding HOO offers ten key advantages within the Hoo ecosystem:
1. Serve as gas fees on HSC;
2. Participate in HooPool mining: Recently upgraded, HooPool introduces innovative features, allowing HOO holders to use HOO for initial mining in new projects. Users can also stake HOO or other digital assets in advance before the official start of HooPool activities;
3. Earn dual rewards—liquidity mining and transaction fee sharing—by staking HOO on HSC;
4. Transaction fee discounts;
On August 25, Hoo launched its VIP upgrade program, linking privileges to HOO holdings. Holding 10,000 HOO grants VIP1 status, while 500,000 HOO unlocks VIP4 benefits.
5. HOO holders earn referral rebates by inviting friends;
6. Users holding a certain amount of HOO can join the Yield Boost Program, gaining benefits such as increased investment quotas and higher base returns;
7. By staking HOO, holders can borrow any of 20 major cryptocurrencies to meet short-term liquidity needs;
8. HOO holders gain priority access to new token sales and allocation rights in premium projects. Notable collaborations include ICP, WOO, AVAX, and Casper;
9. HOO holders enjoy special rights in platform marketing campaigns, including AMAs, gift cards, mystery boxes, and raffles;
10. Small-amount HOO exchange: Users holding minor quantities of unsupported tokens can exchange them for HOO once every six hours.
Looking ahead, HOO’s ecosystem empowerment will grow stronger. With aggressive token burns, expanding use cases, and enhanced holder benefits, HOO is positioned as a truly deflationary token with explosive potential and long-term sustainability. More benefits and application scenarios will continue to be integrated into HOO.
HOO Powers Hoo’s Globalization
Behind HOO’s remarkable price surge lies Hoo’s bold push toward global expansion and the multi-layered construction of its application ecosystem.
Founded in 2018, Hoo merged with two exchanges—Changsi and Da Gong Niu—in June 2019, combining with Hoo Wallet to form Hoo Exchange. Within just two years, it has attracted over 2.4 million registered users, with nearly 100,000 daily active users spanning 120 countries and regions worldwide.
Three years of foundational development have given Hoo the confidence to pursue a global strategy—this same foundation underpins the solid value of HOO.
From the launch of Hoo Wallet in 2018, to the official establishment of Hoo Exchange in June 2019, and then to 2021 when the Hoo ecosystem exploded with offerings like Hoo International, Hoo Wallet, Hoo Labs, HooSwap, and HooPool.
In May this year, the Hoo Smart Chain mainnet officially launched. Addressing Ethereum’s high gas fees and slow transaction speeds, Hoo entered the arena as the third exchange-led public chain after BSC and Heco.
Three years of perseverance have matured Hoo into a platform widely recognized and trusted by users and the market. Meanwhile, Hoo continues to stay at the forefront across trending sectors including DeFi, Polkadot, smart chains, Layer 2, cross-chain, and NFTs.
As a renowned crypto platform, Hoo’s strong fundamentals naturally drive HOO’s appreciation. At the same time, upgrades to HooPool enhance user participation and elevate HOO holder benefits.
Together, they turn the Hoo ecosystem into a gold mine—and HOO into the true "golden shovel."
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