$ 29,677.00 1.85%
$ 1,978.53 0.24%
$ 49.74 1.08%
$ 0.084148 1.18%
$ 7.51 2.92%
$ 1.40 2.39%
$ 0.000180 14.05%

Huobi partners with Reserve for new token sale: A stablecoin for Venezuela

Huobi starts a new stable coin

A recent project of Huobi is to establish a stable coin and becoming a hub of “the Future of Money”. The most difficult task for any new market is to avoid the volatility of the currency value and to achieve a stable and constant level on the price chart. The solution for this is “Reserve” which is a stable coin, and it will introduce its token i.e. Reserve Right by the end of this month.

Huobi is one of the most prominent and famous digital currency exchanges in the market. It is a platform to explore new implementations of blockchain technology in different sector and to suggest ways and means enhance this technology.

There will be two tokens: Reserve Dollars and Reserve token. It will be simply provided to the users and the method of easy adoption by the public will be made obligatory to increase its usage.

Many prominent firms are backing this objective and are really hopeful that this will be a successful project in the near future. It will provide a global network to connect with investors and people from all over the world.

Huobi is making every effort to facilitate its users by providing easy criteria for the users to join Prime that is any person having 500HT token can participate in the sales.

The economic crunch in the two countries i.e. Venezuela and Angola have badly devalued their currencies, Reserve is determined to help these countries by giving them access to RSD.

The Co-Founder of the Reserve has elaborated that the world is in dire need of such initiatives. This will provide an easy, fast and cheap way for any kind of transactions to be made.

In Venezuela, the concept of using cryptocurrency for payments is popular as the DASH has already run successfully in the country.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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