Hug Coin expands service model by introducing Klaytn Network

Hug Coin, a payment project that overcomes the structural limitations of traditional payment services and the limitations of virtual asset payment services, announced on the 7th that it will accelerate its business by changing from the existing Ethereum network to the Klaytn network.

Hug Coin is a project that supports both real economy and macroeconomic settlement by connecting on-/off-line networks and on-chain networks through payment protocol 2.0 based on blockchain.

Hug Coin has been using the Ethereum network in the past, but due to the frequent occurrence of transactions due to the nature of the payment project, the Ethereum network had a high fee burden.

To solve this problem, Hug Coin introduced the Klaytn Network developed by Ground X, a subsidiary of Kakao. The Klaytn network has a higher market share and lower fees than Ethereum in Korea, so it is advantageous to occupy the domestic market and secure partnerships.

In order to protect the fairness of investors due to the network change, deposits and withdrawals and transactions on the bitcmon exchange will be suspended from 14:59 on September 8, and will resume from 15:00 on September 30.

An official of Hug Coin said, “Through this network change, the business will be accelerated. How to change the network of Hug Coin will be posted on the official website of Hug Coin.

■ Official website : https://hug-k.com/
■ Telegram : https://t.me/hugcoin_announce
■ Kakao talk : https://open.kakao.com/o/goXtkZNd
■ Official website : https://hug-k.com
■ Medium : https://medium.com/@hugcoin135