Globally-acclaimed cryptocurrency trading and asset management platform from China, Hoo Exchange has announced the news about its strategic collaboration with another blockchain-powered firm, WeBlock. The integration will allow WeBlock’s inclusion in the global DeFi financial system of Hoo Exchange to aid the former in exploring the potential of the Decentralized Financing domain. The official Twitter handle of Hoo.com released the partnership news in the community stating:
The recent collaboration of Hoo with WeBlock can be seen as a major step forward in putting its objectives into reality. Both the teams will put in joint efforts to encourage cooperation and participation in core areas of functionality like DeFi, brand creation, and development, along with the creation of strong communities spread across the globe. Hoo exchange will aid WeBlock in facilitating integration with its potential DeFi solutions. It will offer assistance in supporting technical products associated with oracles, blockchain-powered lending and trading options.
Established in 2017 as a cryptocurrency wallet solution, Hoo.com has managed to establish itself as a strong market player within two years span. In June 2019, it acquired two China-based exchanges, Chaince and OAX and became a one-shot provider of all blockchain-based assets and services. It increased into multiple realms, including crypto trading exchange, wallets, custody, and mining of assets. The exchange has 96 coins in its cluster and 80 trading market pairs. The DeFi projects with the highest trading volume are present here. The Quick Swap feature allows users to swap their assets for free through the app or the website quickly. Later in September 2019, Hoo launched the Hoo Power initiative that digitalizes the various asset rights of owners like Gain Right, Refund Right, and Buy back right, etc.
As part of the team-up, WeBlock will leverage necessary services to enhance Hoo’s brand value in the targeted crypto markets on a global scale. It will help Hoo in building a community connect and will offer maintenance and promotion in the market spaces.
WeBlock works as a decentralized blockchain acceleration protocol that offers infrastructural services to support DeFi projects. The use of smart robots for channelizing operations like early project funds management, resource infusion, and user-friendliness in a simplified and robust way. The decentralized acceleration method helps to provide one-click linking of data analysis and robot manages services. The seven products of the WeBlock system are WeBounty, WePayU, WeIXO, WeListing, WeAdmin, and WeListing.