After the removal of the virtual currency platform: Huoxin will cause the removal of HCT and JD card users or change to new, unknown content.

Many virtual currency exchange offices have carried out recalls for consumers in China, and other platforms have also been affected. Recently, a user of Huoxin, a social networking platform in the cryptocurrency industry, told Blue Whale Finance that the platform's content will be discontinued. piece JD.

Huoxin APP shows that the retailer can redeem JD cards with a face value of 50 to thousands of yuan. If 33333 HCT points can be redeemed for a Jingdong card worth 1,000 RMB, one HCT point is worth 0.03 RMB. Many users have invested hundreds of thousands of dollars in just a few years. Some users find that the number of trades per day is limited, sometimes only once or twice. By the evening of December 7, a 3,000 yuan JD card had been redeemed on the same day.

In the case of large sums of money, it is difficult to withdraw all the redemption money, and the status of the new redeemable conditions has not been disclosed and the information is not the same. Some users, faced with the unknown through lack of communication, are dissatisfied with the way the platform manages them.

HCT is the Huoxin content of the Huobi social platform, and Huoxin APP once announced the HCT P2P market.

Huoxin was developed by the Huobi cryptocurrency exchange and launched its services with a public beta in 2018. Its English name is Huobi Chat, and it has become a quick messaging product of the Huobi system. As the official website of the Huobi Group, Huoxin is chat software developed specifically for the blockchain industry.

Users can earn key HCT points, called "locomotives", through chats, news updates, likes, etc., and earn 20 points for the first time each day. The number of points per day is limited. , also called social equipment, or mining equipment.

Huobi Global CEO "Qiye" told social media that Huoxin is a social networking platform that Li Lin asked to remove protesters from. According to Huoxin aide, agent Huoxin is the first "Lao Wang". Due to a system malfunction, it was replaced by "Chief Egg" Huanghe and replaced by Weng "Seven Ye" Xiaoqi. Someone happened who hasn't happened for almost a year. The keeper has changed again. It was announced that by 2020 Huoxin will have 3 million registered users.

At the start of development, the account of Huobi founder Li Lin worked on the board of directors of Huoxin and other teams, and once said, "HTC is very important, and it seems to be building Huobi with its users. ”“ They also told HCT not to rush and proceed with the swap. Driven by demand, not hype. It encourages users to communicate on the platform instead of collecting and to sell parts (HCT).

Although the team discovered the strong ecosystem of the social platform, they did not focus on mining and trading HCT, referring to the HCT as a guide rather than a symbol. According to users, Huoxin APP previously had a "Flash Exchange Plaza" in the market which allowed users to trade HCTs and could directly exchange USDT with stable US dollar currency for HCT. At the same time, users can privately trade on Huoxin, and the chat can send cryptocurrency red envelopes, such as USDT, HCT red envelopes.

In Huoxin APP, "Flash Plaza" is offline and HCT quotes are present and other information is not displayed.

HCT is the core concept of the platform, and its market share and value is also one of the key concepts that engage users. According to the photographic archives, some users receive the "HCT Large Holder" trophy as an annual holder. It was reported that Huoxin had already paid a fee for the P2P currency exchange. The "Flash Plaza" value trading platform brings income to the platform.

Although it is asked to be happy, the platform now offers direct removal of HCT assets using vouchers. Many HCT owners believe that the platform should not have customers in a difficult way, which could cause HCT prices to drop immediately, hurting HCT customers.

The HCT unit price has held around 0.07 yuan for a long time, and it is believed that there will be over 0.1 yuan in the cryptocurrency bull market in 2021. Before the plan ends, the price of HCT is between 0.04 RMB. and 0.05 RMB. Currently, most of the users request to receive HCT bets less than 0.03 RMB. Faced with the rapid growth of the cryptocurrency market over the past three years, HCT holders have been mixed.

The first members of the community suffered heavy losses and did not respond to attempts to reconnect with Huobi.

Blue Whale Finance understands that the platform "sends" not only ordinary users, but also "little flames", who are long-term clients who joined Huoxin the first sessions on community outreach, daily monitoring of community outreach and APP testing.

Competitor Chen Li (Christian), who has volunteered for over 3 years, revealed that he has a history of significant work in Blue Whale Finance and has submitted a lot of information to Huoxin product developers, including event planning materials. , function and use. According to its instructions, according to the skepticism of the backend system Firexin on March 8, 2019, users can get unlimited access to HCT, funds invested by the group "Little Flame". , after closing, the cost of HCT will therefore be refunded. with a stable price. From 0.01 point to 0.07 yuan.

As of March 8, 2019, the price of HCT has almost increased tenfold. Meanwhile, if you access the wrong HCT on the flash trade page, someone else will receive a similar HCT. Some users take advantage of this inconvenience to get more HCT for free. At the same time, there is also the "Huobi worker" who presented the internal management issues of Huobi on the office social platform. After the unfortunate incident, Huoxin released version 2.0 and held a press conference about it, and Li Lin and Weng Xiaoqi spoke online.

As for the group's "small flame" service for ecology, Li Lin's account of the same name once complained about the social platform problems, and Huoxin also provided the group's "excellent trophy flame "of fire. These groups had to go through a semi-annual review period before being selected, and it was understood that a special WeChat team was working.

Chen Li recalled that he first saw and released the Huoxin ad on the Huobi app. He believes the communication is beneficial for the industry and is supported by Huobi. Huobi leaders, including Li Lin, also served in the conference hall. Justin Sun and “Bao Eye” also mentioned Huoxin and there is a cryptocurrency market in Huoxin during the New Year. For the above reasons, we have been involved in the development of Huoxin for almost 3 years.

At that time, Huoxin reported 100 million shares of HCT content with unprecedented publicity. At the same time, it raised questions early on due to issues like release delays and gaps.

In addition to community engagement and product development, there are many volunteers, like Chen Li, who has invested heavily in HCT. After exchanging the Huobi HT platform currency for USDT, it was announced that HCT will regularly buy with hundreds of thousands of investments and millions of HCT at a price of around 0.08 RMB. Some users have a reasonable price, and the unit price of HCT dropped to 0.3 yuan, and then fell sharply. Including the current exchange rate, the majority of early community participants lost 50% or more, and there were issues such as restrictions on redeeming acquisition cards.

Faced with today's events, Chen Li and the other attendees did not respond well to communication with Huobi staff. Chen Li admits that investing is risky. His current interest lies in his ability to learn new things and communicate better.

According to the platform's rules, if HCT holders do not opt ​​out of the exchange, they will be exchanged for the new content on January 1, 2022. The special features of the new content are not presented by Huoxin, and l he volunteer team had no way of knowing.

The exchange allows users to agree to terminate their business in mainland China and renew their contracts with third parties. The subsidiaries are owned by natural persons.

On September 26, Huobi World announced that it had canceled the registration of new users in mainland China on September 24. For existing users who have been confirmed as Tuam Mainland China, we expect to complete payment and withdrawal no later than December 31, 2021..

On October 6, Li Lin told a large family in the church that he believed that in Shanxi, after a few months, they should communicate with users their desire to focus on their family and leave the Chinese market. In November 2020, after Huobi organized an event in Zunyi, former COO Zhu Jiawei was reportedly arrested by Shaanxi Provincial Police. At that time, Du Zhenggang, the first co-founder of Huobi, returned and spoke.

Six months ago, the State Council for Finance and Development announced a crackdown on bitcoin mining and mining, and days later, news broke that Huobi would not be opening. its doors to the public. . in mainland China. According to the chief of Huobi, Huobi repeatedly insists on reducing investments in the derivatives industry.

Huobi announced the office plan for its employees in June. Huobi then invited his staff to work in Singapore, some in China and chose to work from home, and some struggled to manage their visa applications. After that, some of the workers returned to work. At the same time, Huobi gradually came to an end and merged on the mainland, and all the companies in which Li Lin was involved were eliminated. In November, Li Lin, Du Jun and others formed Beijing Chiyumhou Enterprise Management Development Co., Ltd. A legitimate organization is another person. According to many sources, current employees are required to sign employment contracts with third party outsourcing companies.

The developer of Huoxin APP is Hainan Haotepai Network Technology Co., Ltd. (hereinafter referred to as "Haotepai"). The first member is Lanlian Technology Co., Ltd. and Beijing Chuangxin Risheng Network Technology. Co., Ltd. His name “Chuangxin Risheng” was changed to Gao, a person in 2019, and became the chairman of Hainan Xinyi Network Technology Co., Ltd. (hereinafter referred to as “Xinyi Network”). Xinyi Network is 100% owned by Huobi COO, Zhu Jiawei, while Chuangxin Risheng is controlled by Huobi founder Li Lin, both have been eliminated. Now the good prices are still there and membership has gone to individuals.

After Huobi announced its removal, Binance and other exchanges announced the removal of users in China. KuCoin, Bitget, Coinex, BitMart The point is that large Chinese users will be cleaned up in the years Aesams Gate.io, Anyin AEX, CoinBene, etc. lock down users to the ground to register or provide services, BHEX (formerly Hobbit Hbtc), Biki, etc. Final closure announced.

The bank said in a statement that it was also taking illegal money to exchange virtual currency abroad to provide services to Koreans. Among the platforms mentioned above, Kubi (Chengdu) Technology Co., Ltd., a wholly-owned subsidiary of KuCoin, and Meow Star City Technology Co., Ltd., a company related to Matcha. and Jinan Manwei Information Technology Co., Ltd., the joint venture. All the past is thrown away. In 2021, Chengdu Lemon Cloud Network Technology Co., Ltd., a joint venture of KuCoin, will follow the registration. The withdrawal of ATOSHI (Beijing) Technology Co., Ltd., a consortium of Manbinet.com CEO Zhang Yangbin, has raised public concern, after which the withdrawal could easily be reversed and has now registered for operate differently.