Chinese crypto exchange Huobi plans to launch its blockchain-powered smartphone Acute Angle in Southeast Asia next week.
Official launch is coming next week
Huobi’s new blockchain phone was already available to some users in China, but the actual launch is scheduled for next week as part of the sixth Huobi Prime launch, according to a Finance Magnates report on Sept. 3.
Priced at around $500, Acute Angle smartphone can be purchased with the exchange’s native Huobi Token (HT).
The new Android-based blockchain phone has reportedly been developed in collaboration with Huobi’s project Whole Network. The product is planned for distribution across Southeast Asia by the end of 2019, the report notes. Huobi is also planning to expand its new product to Europe and the United States if the launch is successful.
Livio Weng, CEO at Huobi Global, stated that blockchain phones are a promising direction for future blockchain industry development, stressing that similar initiatives will only grow in the future.
“As the industry develops and as innovations like 5G become increasingly integrated into our telecommunications systems, we believe more and more crypto communities will want to trade and transact from mobile devices.”
Whole Network (NODE) launch
The news comes amid Huobi’s release of its sixth Huobi Prime project, Whole Network (Node) on Sept. 3. According to the announcement, Huobi Global will launch the project on Sept. 11, 2019.
In the introduction to the project published on Sept. 1, Huobi wrote that Whole Network will be based on the value generated by user behavior, with the help of hardware terminals and user behavior incentives in order to build a “behavioral value” network. Per the announcement, Node’s total supply will be limited to 10 billion tokens, while total prime release will account for 7.5% of total tokens.