Huobi Group to launch EOS exchange in Q1 2019; releases English language white paper for Huobi Chain

Huobi Pool, the crypto mining arm of Huobi Group, is going to launch the company's first EOS exchange in Q1 of 2019.

Through its Distributed Proof of Stake (DPoS) consensus mechanism, EOS enables individuals and groups around the world to collaborate and share in the decision-making process. EOS is currently the fifth most valuable cryptocurrency by market cap and trading at $2.61 at the time of writing.

The new exchange will allow users to trade EOS against a number of other cryptocurrencies.

In its official release, Huobi Pool said that it has been working with the EOS community since the business's launch earlier this year. This includes collaboration with other block producers to build an EOS test chain, the Crypto Kylin Testnet, where EOS-based projects can be tested.

In addition, Huobi Pool has built a voting platform for EOS holders and set up an EOS community to make holders more aware of node elections. It has also produced "EOS 20 Questions", a series of popular science animation videos to popularize the related knowledge to users.

"As an EOS super node, Huobi Pool has placed its ecological development high on its list of priorities," said Cao Fei, Huobi Pool's CEO. "Launching this EOS exchange is simply the next logical step in our support."

Huobi Chain

In a separate announcement, Huobi Group has announced the release of the English language white paper for its first public blockchain, called ‘Huobi Chain.’

Huobi said that the project is expected to make significant progress in the forthcoming year. Huobi Chain will feature a safety first architecture, efficient dual chain functionality, and effective governance with both on-chain and off-chain elements.