On November 2, 2021, less than a week after Hoo’s first launch of F9, F9 rose from its opening price of $0.02 to a maximum of $0.143, an increase of 615%.

In recent years, Hoo Exchange has rapidly made a name for itself in the industry with its ability to discover quality projects, it has also become a leader in the new generation of exchanges with innovative and integrated development.

On June 14, 2020, with a forward-looking vision, some promising DeFi projects such as Compound and Balancer were launched on Hoo for the first time. With the rise of DeFi, these high-quality projects have shown exponential growth in currency prices, bringing considerable returns to investors.

On the issue of how to select quality projects, the business leader of Hoo has her views. She said that the ability to select truly high-quality projects is the core competitiveness of the trading platform, and Hoo has quickly found its methodology in discovering high-quality projects. In addition, some industry experts and senior investors have established Hoo Research Institute to jointly formulate strict selection criteria for projects. For example, we have successfully selected DeFi track projects to help us capture new traffic and discover some potential projects in advance, including FLOW, RAMP, AXS, LINA, DEGO, SOL, etc.

In addition, Hoo pays special attention to the innovation and development of this industry, from Spot, Futures, OTC, Hoo Earn, Collateral Loan, Hoo Labs, HooSwap, HooPool, and then to the HSC (Hoo Smart Chain). Hoo gradually built a complete blockchain ecosystem, and gradually integrated the entire ecological development of Hoo with the platform token HOO as the blood.

In general, Hoo has achieved certain industry leadership in both screening projects and product innovation, which also provides a good market foundation for the global development of Hoo.

The current Hoo advantages can be summarized as several points: First, the introduction of DeFi advantages into CeFi, to achieve the integration and development of CEX and DEX; Second, the establishment of a blockchain underlying infrastructure of Hoo smart chain, solve a series of problems such as high handling fees and complex operation processes; Third, be good at discovering high-quality blockchain assets and providing users with one-stop blockchain asset management services; Fourth, global compliance is the development strategy to provide a safe and convenient trading environment for users.

Rexy W, the founder of Hoo, said that there may be at least 5 to 10 years of growth in the future, and we also hope to see Hoo continue to maintain its advantage. Continuous growth and progress in this industry bring users more efficient, simple and stable services.

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By BitcoinsInIreland Editorial Team

A staff writer at BitcoinsInIreland.com who covers a range of topics on the site.