On the evening of August 7th, Beijing time, Justin Sun, a member of the Huobi HTX Global Advisory Committee, and several well-known crypto KOLs attended the launch ceremony of the Huobi HTX 11th Anniversary Forge a Road Through Wind and Rain, and Forge a Heart to Reach the Top theme series of activities, and shared his mental journey since he started his career and his outlook on Huobi HTX with new and old users.
A company is like an iceberg; the invisible part is the most important.
Since the birth of the Bitcoin white paper in 2008, the blockchain industry has developed for nearly 16 years, and Huobi HTX has been an important witness and participant in more than two-thirds of this time. People always generally underestimate the results of long-term development and overly care about the impact of short-term events. Everyone is very concerned about the rise and fall of currency prices, but I think everyone underestimates the development of our industry. In the past 11 years, our industry has developed very rapidly. In the currency circle, everything is possible. There may be reasons to interpret this sentence from a positive or negative perspective. In the past 11 years, the development of the currency circle has far exceeded that of traditional industries. Sun Yuchen said.
Since the beginning of this year, Huobi HTX has developed well, with trading volume rising steadily, and its 24-hour trading volume has repeatedly ranked among the top 2 centralized exchanges. In terms of products, Huobi HTX has launched various new ways of playing this year, such as Restaking, trading mining, and order mining, which have also been widely praised by users. Talking about the experience of operating an exchange, Justin Sun said, The trading experience is the core content of every exchange. We at Huobi HTX will focus our time and energy on trading volume and user experience. On the other hand, the new assets launched by Huobi HTX are very good, and we must choose the best in the exchange. It is reported that since November 2023, Huobi HTX has launched nearly 200 new currencies, of which 85% have achieved more than 5 times the increase.
Justin Sun added, “Running a company is like an iceberg. Only a small part is visible, and most of it is invisible, but it is the invisible part that makes the iceberg float. The same is true for companies. Things that users cannot see must also be done well, such as security. Changes in the regulatory environment are also critical. Different stages have different challenges, but we must do our best at every stage.”
Crossing the bull and bear markets, becoming a century-old store in the cryptocurrency circle
After becoming a member of the Huobi HTX Global Advisory Committee, Justin Sun set a goal for the platform to return to the top three. Judging from the current development, Huobi HTX is on the right track and accelerating. In order to achieve this goal earlier, Justin Sun set three short-term plans for Huobi HTX, First, we will continue to strengthen the liquidity of Huobi HTX. In addition to improving the liquidity of BTC and ETH, we will also enhance the liquidity of other mainstream tokens and newly listed tokens; second, we will continue to attract new users in existing regions; third, we want to improve the user experience. We hope to become the exchange with the best user experience in the industry.
As for the longer-term plan, Sun Yuchen said, I want to share with you what Jack Ma said to me in class at Lakeside University. This sentence is called not only live well, but also live long. Jack Ma said that most Japanese companies have a history of 100 years, and we also want to be a 100-year-old company. Although we know that it is not easy in the financial industry, we will continue to work hard. In the Web3 field, there are very few companies that can be opened for 11 years, but Huobi HTX has done it. The financial industry is an industry with operating risks. Huobi HTX has been able to survive multiple rounds of bull and bear markets in the cryptocurrency circle and open its 11th anniversary celebration. It can be said to be a living fossil in the cryptocurrency circle.
Brand value is the moat of the exchange
Currently, the competition among cryptocurrency exchanges is very fierce. However, in Sun Yuchens view, Huobi HTX has a solid foundation. He said, Brand value is the moat of the exchange, and long-term reputation is important for maintaining customer trust. The competition among exchanges has entered the second half. On the one hand, it is about depth and trading experience, and on the other hand, it is about compliance. The current crypto regulatory environment is quite severe, and Huobi HTX has done a very good job in this regard. In addition, Huobi HTX is very close to the community and customers because we are still a small exchange. He added, Compared with other large exchanges, this is one of our advantages, and I hope we can keep this tradition.
It is this DNA of being close to the community and users and valuing brand value that makes many old users and old friends feel deeply for Huobi HTX, and many KOLs who attended the launch ceremony are no exception. Yu Jianing said, The gene of Huobi HTX is long-termism. The success of exchanges born in China is achieved by adhering to long-term value. The Chinese infrastructure is still solid, for example, TRON is also one of the most important basic platforms in the world. In the future, the crypto industry still needs to be honest and surprising. J@Crypto added that when he used Huobi HTX in the early days, he was attracted by its trading smoothness.
As veterans of the cryptocurrency industry, the guests generally have a stronger belief in Bitcoin. Talking about the opportunity to enter the cryptocurrency industry, UNAI YANG said, I read the Bitcoin white paper five times when I was an undergraduate, and I felt that it would be a very bright future to witness Bitcoin surpassing the US dollar. Dr. K. also said, It is Bitcoin that has really accompanied me through the ups and downs.
At the same time, the guests also shared their own experiences and insights in the cryptocurrency circle. Michael gave two suggestions to investors, First, dont add leverage, and second, invest with money you can afford to lose. The director said, The reason for not holding on to the currency is fear and greed. A large amount of funds will make you more patient, and idle money will also help stabilize your mentality. Long-termism is not about holding on, but about adjusting your cognition. If you use Bitcoin as a ballast, your mentality will be better.
Conclusion
After 11 years, Huobi HTX has developed from a cryptocurrency exchange into a comprehensive blockchain business ecosystem. This transformation is inseparable from the support of the majority of users. To this end, Huobi HTX officially launched the 11th anniversary Tough Road, Forge the Heart of Reaching the Top theme series of activities at 11:11 on August 8 (UTC+ 8), thanking new and old users for their trust and companionship with more than 10 million US dollars in event rewards. In the future, Huobi HTX will continue to pursue higher security and liquidity, strive to improve user experience, launch more abundant products and adhere to industry construction, and reward users with more outstanding results, just as Sun Yuchen said, to be a century-old store in the currency circle.
