Huobi Has Launched A Social Network For Crypto-enthusiasts

Cryptocurrency exchange Huobi Global has launched a beta version of the social network Huobi Chat. 1 270 participants joined the testing of the service.

For a secure connection, the social network uses encryption methods and consensus mechanisms. Huobi Chat allows to create subgroups of the main channels, contains news portals about the state of the cryptocurrency market, and provides users with entertainment services.

The business model of the platform called “socialization is mining” involves the introduction of the Huobi Chat Token (HCT) into the social network. Users will receive coins for attracting new users and supporting the service.
Huobi has also plans to integrate cryptocurrency payments and the opportunity to exchange tokens into the platform.
However, it is not known yet when the service is going to be available to all users.