PRESS RELEASE. On February 17th, 2022, Hoo announced the completion of the first-stage token-repurchase plan on HOO Token with a cumulative total of 423,982.18 HOO repurchased from the secondary market.
From January 2022, Hoo had imposed the strategic plan on generating 30% of the income revenue from spot trading (Spot Zone + Innovation Zone) of Hoo Exchange for enhancing the liquidity of the AMM pool. 15% of the income revenue would be used to repurchase HOO from the secondary market, and all the repurchased HOO would be placed into AMM liquidity pool. The remaining 15% income revenue would also be transferred to the AMM liquidity pool for optimizing the depth and activation of the secondary market continuously.
According to the announcement, Hoo’s accumulated spot transaction income is 3,385,520 USDT in January 2022. Thus, 1,015,656 USDT will be imposed into token-repurchase agreement, and half of which will be used to repurchase HOO from the secondary market and the remaining half of the USDT from income revenue will be added to the Hoo AMM liquidity pool together with the repurchased HOO.
In addition, contributing to the support of a strong user base of Hoo Exchange, Hoo’s market share has further increased with steady growth in the past few months. According to Coingecko, HOO’s market capitalisation reached $92,427,436 on 31st January 2022, which has reached a 22.73% year-on-year growth on the total market capitalisation.
HOO is an important element for the development of Hoo’s global ecology. During the past periods, the Hoo team has visualized plenty of enriched application scenarios for HOO based on the users’ needs.
- Acting as GAS fee on HSC.
- Participating in HooPool mining: HOO holders can use their HOO to participate in the initial mining event of a new project. The token holders can pledge the HOO or other crypto assets to participate in the HooPool event in a privileged position where they could preempt into the pool earlier than other users who do not hold HOO.
- Doubled income from liquidity mining and fee share by pledging HOO on HSC.
- Discounted handling fees with VIP benefits: e.g., users who hold 10,000 HOO can enjoy VIP1 level benefits, and holding 500,000 HOO can enjoy VIP4 level benefits.
- Receiving a commission rebate by referring new users.
- Participating in the Right to Gain program: the opportunity to enjoy benefits such as an increase in the maximum amount of participation and an increase in base earnings.
- To borrow over 20 kinds of mainstream cryptocurrencies by pledging HOO to meet users’ daily capital needs.
- Participating in the Hoo exchange’s new crypto launch for investing in other projects with high potential.
- Entitled to special benefits for Hoo marketing campaigns, including AMA, gift cards, blind boxes, prize draws, etc.
- Redeeming HOO for small amounts of currencies: some users who hold small amounts of currencies that cannot be traded directly can enjoy the benefit of redeeming HOO once within 6 hours.
Hoo was founded in 2018. After 3 years of development, in addition to operating the world’s leading cryptocurrency exchange, Hoo’s business covers the entire blockchain ecosystem with over 2.4 million total users covering more than 120 countries and regions worldwide.
So far, Hoo has established a complete product business matrix with better ecological services. The core businesses include OTC, Spot, Futures, HOO, Collateral Loan, Hoo Earn, HooPool, HooSwap, Hoo Custody, Hoo Cub Fund, Hoo Mining, etc.
Follow Hoo on social media to stay up to speed with the latest news: Weibo, Twitter, Telegram, Medium, Reddit, Facebook, Instagram, LinkedIn.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Check live crypto rates here
Start trading today – See our list of exchanges
I simply couldn’t go away your web site prior to suggesting that I actually enjoyed the usual info a person provide to your visitors? Is gonna be again regularly in order to check up on new posts.
I think this is among the most significant info for me. And i am glad reading your article. But wanna remark on few general things, The web site style is wonderful, the articles is really great : D. Good job, cheers
It’s a shame you don’t have a donate button! I’d certainly donate to this fantastic blog! I guess for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to fresh updates and will share this site with my Facebook group. Talk soon!
I went over this web site and I conceive you have a lot of superb information, saved to bookmarks (:.
I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…
I gotta bookmark this web site it seems very beneficial very useful
Hi there! Someone in my Myspace group shared this website with us so I came to look it over. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Exceptional blog and brilliant design and style.
Great post. I am facing a couple of these problems.
You are a very bright person!
You have brought up a very superb details , regards for the post.
Merely a smiling visitant here to share the love (:, btw outstanding style. “Make the most of your regrets… . To regret deeply is to live afresh.” by Henry David Thoreau.
There is obviously a bundle to know about this. I suppose you made various nice points in features also.
I’m really enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Exceptional work!
Thank you for another wonderful post. Where else could anybody get that kind of info in such a perfect way of writing? I have a presentation next week, and I’m on the look for such information.
You got a very good website, Gladiolus I detected it through yahoo.
F*ckin’ awesome issues here. I’m very happy to peer your article. Thanks a lot and i am taking a look forward to touch you. Will you kindly drop me a e-mail?
Well I really enjoyed reading it. This article procured by you is very practical for correct planning.
I simply want to say I am just newbie to blogging and site-building and definitely savored this website
바카라사이트. Very likely I’m planning to bookmark your site .
Hi are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!
You need to be a part of a contest for one of the most useful sites
해외스포츠중계 online. I most certainly will recommend this site!