The world’s leading crypto exchange Huobi Global has issued its HT token on the TRON blockchain’s TRC-20 protocol, entering it into the network’s DeFi platform SUN.IO’s observation list. TRON chief Justin tweeted that SUN will enable HT staking and liquidity mining on the platform after review.
?Welcome Huobi Token(HT) on entering the Official https://t.co/4w4g8VKbqC Observation List!
— Justin Sun? (@justinsuntron) September 22, 2020
SUN.IO is a recently unveiled DeFi platform built on the TRON network to capitalize on the growing demand for decentralized finance. Its mining pool community selects premium digital assets worldwide, including tokens built on TRC-10/20 and non-TRON tokens, for mining pools. SUN will also collaborate with the JUST team, another DeFi focused sub-network built on TRON, and major crypto exchanges to unite the global crypto communities.
Huobi Global, on the other hand, is one of the biggest names in the crypto-blockchain space. The exchange ecosystem has also ramped up its efforts to explore the potential in the DeFi segment and aims to establish collaborations to tackle the competition from rivals like Binance, Coinbase, and KuCoin. Entering into SUN’s observation list will give it access to tap the large community of DeFi users on TRON and push to discover newer opportunities.
Moreover, the staking and liquidity mining will allow Huobi Global Ecological Token (HT) holders to earn more. Apart from HT, other TRON and non-TRON tokens selected for the first batch under observation includes BTC, ETH, XRP, BCH, BSV, STEEM, LTC, PEARL, JFI, and DICE.