Flex Yang: The distribution of HOPE is reflected in three aspects, and HopeSwap will be launched on April 19
ChainCatcher news, Flex Yang, the founder of the distributed stablecoin HOPE, attended the "Over the Moon---Riding the Wave of Web3" event and gave a keynote speech titled "Hong Kong's New Future, the Hope and Brightness of Web3." Flex Yang stated that HOPE's goal is to become a distributed stablecoin, focusing on unobstructed, open, transparent, and new experiences. "What we need to enhance is user experience. The question everyone in this industry should think about is not how much money to make, but how to provide a better experience for users."He added that distribution is reflected in three aspects: First, reserve distribution. The asset reserves related to HOPE will be entrusted to globally trusted institutions, including Coinbase, for custody. We will collaborate with local custodians in major regions around the world, which can meet local regulatory requirements while avoiding the centralization risks that come from overly concentrated assets.Second, the distribution system is distributed. HOPE will have many distributors, just like Bank of China, HSBC, and Standard Chartered can issue Hong Kong dollars. In the future, any qualified institution can set up a whitelist in the HOPE system to mint currency. Third, the multi-chain system. HOPE will initially be on Ethereum, but in the future, it hopes to expand to other blockchains to avoid single points of failure.In addition, Flex also announced that the trading protocol of the HOPE ecosystem, HopeSwap, along with other applications including DAO, will go live on the mainnet on April 19. Next, lending protocol HopeLend, on-chain custody, and clearing and settlement protocol HopeConnect will be launched, among others. "Just like the construction of Pudong New Area, DAO gives birth to one, one gives birth to two, two gives birth to three, and three gives birth to all things." (source link)