29 July — V SYSTEMS, a blockchain database project created by Sunny King, the inventor of Proof of Stake (PoS), announced today that its native crypto currency VSYS Coin has been selected as one of the Huobi FastTrack Projects and will officially be listed on Huobi Global this week. This signifies its cutting edge technical development and growing ecosystem are well-recognized by industry validators.
The V SYSTEMS mainnet and supernodes went live in November last year. Since the beginning of 2019, VSYS Coin has been listed on more than 10 major exchanges including Bitfinex & ZB, and it will continue to grow its global market through listing on more topnotch exchanges worldwide. VSYS has recently reached a market cap of US$450M, and entered the top 30 cryptocurrencies on CoinMarketCap.
“Huobi has built a remarkable exchange that serves a large global market of digital asset traders. We’re thrilled that its users will now have access to VSYS Coins, and be able to participate in our blockchain ecosystem through the pioneering cold minting technology.” said V SYSTEMS CEO Alex Yang. With Huobi Pool’s integrated minting and trading services, its users can easily take part in VSYS Coin minting and earn minting rewards directly in Huobi Wallet.
Putting a primary focus on decentralized finance (DeFi), V SYSTEMS has already invested in more than 15 international development teams to incubate different DeFi projects on the blockchain. With the upcoming release of smart contract, an array of partnerships and projects powered by V SYSTEMS will gradually shore up the ecosystem. Its first application — Tachyon, an X-VPN based version of decentralized internet protocol will be announced soon. X-VPN is one of the world’s largest VPN service providers and the world’s top 20 mobile app by Apple and Google with 50 million global users.
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About V SYSTEMS
V SYSTEMS is a general purpose blockchain database for decentralized applications.
Led by Chief Architect Sunny King, the V SYSTEMS blockchain has implemented his new innovative consensus algorithm- Supernode Proof of Stake (SPoS). V SYSTEMS delivers decentralized cloud database technology with high scalability, high finality, durability and performance that is practically resistant to a 51% attack.
The network is operated as a cloud platform that can support efficient and agile development of a vast variety of applications, including but not limited to decentralized finance applications (DeFi), entertainment, social media, tokenization, dapp deployment and many more.
About Huobi Global
Huobi Global provides secure and reliable digital asset trading and asset management services to millions of users in over 130 countries around the world. Its accumulative turnover has exceeded US$1.2 trillion and once became the world’s largest digital asset exchange with a global share of 50%.
Follow us on Twitter, Medium and YouTube to stay up-to-date with our latest announcements. Join our official VSYS Telegram group, Reddit and bitcointalk to participate in discussions with the VSYS team and our community. If you are a developer, you can also connect with our developers around the world in the VSYS GitHub Community.
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