Home / Crypto Currency / Pegasus Coin and Global Firms Exchange Ideas at the Blockchain Innovation Forum 2018

Pegasus Coin and Global Firms Exchange Ideas at the Blockchain Innovation Forum 2018


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Pegasus Coin, by Kazakhstan Horseracing Association, was one of the main sponsors of the Blockchain Innovation Forum held at the Grand Intercontinental Hotel Parnas in Seoul. The event was held on 19th July 2018 and was organized by non-profit organization, Blockchain Innovation Forum.

The event, which was jointly organized by the popular blockchain community, Amble, and Crypto Nomad, drew the attention of global IT companies as they came together and exchanged ideas on recent developments in the blockchain space.

A variety of topics were covered throughout the event such as the legislative and policy landscape of blockchain & cryptocurrency innovations, the future of the blockchain as well as the utilization of digital assets in everyday lives.

The event was well-received with over 1000 participants and was graced by the former minister of the Ministry of Government Administration and Home Affairs of South Korea.

Pegasus Coin is a revolutionary utility token that will be used within a 113-hectare Horseracing Park located in Kazakhstan. The token will also be used to facilitate the horse blockchain, a platform which will include a horse registry that enables the traceability of horse origins and other genetic information.

Pegasus Coin was an exclusive Sponsor at the Blockchain Innovation Forum and their presence provided a direct communication platform for concepts and updates on their project towards event participants and blockchain enthusiasts.

The Pegasus Coin seems to take a refreshingly different approach compared to most ICO concepts; focusing on establishing its physical usage as a first priority, unlike other cryptocurrencies that hope to attain physical utility at some point in their future roadmap.

Many in the blockchain industry await the launch of the Pegasus coin with their upcoming ICO, which is expected to begin in the 3rd Quarter 2018.

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Huobi Global Will Support Stablecoin Trading Through its HUSD Offering

It would appear there is still plenty of stablecoin action on the horizon in the cryptocurrency industry. More specifically, there has been an influx of such currencies over the past few months. Huobi Global is now planning to introduce its own stablecoin, although it is a bit different from what one would expect. The Huobi Global Stablecoin Plan On the surface, it is rather commendable to see so many exchanges offer stablecoins to its users in quick succession. Gemini issued its own stablecoin a few weeks ago, and Circle has their own currency pegged to the US Dollar as well. Combined with the likes of USDT and TUSD, it is evident there is a fierce battle for market traction taking place right now. That should introduce more market liquidity moving forward, although the reality may be very different. Assuming stablecoins will take off, however, Huobi Global might be on to something in this regard. More specifically, the company acknowledges there is a demand for trading with stablecoins, but the exchange is doing things a bit differently first and foremost. They are effectively launching a program which seems much like yet another stablecoin, however it is nothing along those lines. To put this in perspective, Huobi Global will support deposits of Paxos Standard, TrueUSd, USD Coin, and Gemini Dollars. These four stablecoins have all come to market in 2018 and are quickly bringing some much-needed competition to Tether. As a result, a lot of exchanges are rushing to integrate support for these stablecoins Huobi Global is no different in this regard, even though the company will not necessarily allow for trading in either of these stablecoins. Instead, the platform will convert deposits of these four stablecoins into something known as “HUSD”. It is a bit similar to how Bitfinex converts USDT deposits into USD, even though they should be treated as to separate currencies. In the case of Huobi Global, their conversion to HUSD makes sense, as users can still withdraw this balance in any of the supported stablecoins. It is simply the actual trading which will not occur in PAX, TUSD, USDC, or GUSD. To a lot of users, this might seem a bit unusual. After all, there is not necessarily a need for converting stablecoins to a native “currency” and then converting it back to said stablecoins. For Huobi Global, the company is evaluating this approach and they might integrate support for additional stablecoins in the future. Any stablecoin not meeting the company’s risk control standard will be removed from the platform accordingly. The bigger question is whether or not this project will generate a lot of success. After all, this added layer on top of dealing with stablecoins will not necessarily appeal to a lot of investors, but the concept also has a fair bit of merit in the end. It is good to see the exchange not necessarily introduce its own stablecoin, even though HUSD will serve that specific purpose. The post Huobi Global Will Support Stablecoin Trading Through its HUSD Offering appeared first on NullTX.

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