Huobi Replaces pGALA with Rock DAO: What You Need to Know

04/03/2023 04:05 • Metaverse Matters • 139 views

According to the official announcement of Huobi, Huobi supports replacing the pGALA on the site with Rock DAO, and will launch the online ROCK for the first time on the entire network after the currency exchange is completed. The announcement shows that users with on-chain positions need to recharge the pGALA on the off-site wave field chain to the Huobi platform before 9:30 (GMT+8) on April 6th to wait for redemption.

Fire will definitely support the replacement of pGALA with ROCK and launch the entire network for the first time

If you are a cryptocurrency trader or investor, you may have heard of Huobi. It is one of the world’s leading digital asset trading platforms, with a presence in over 130 countries. The platform has been making waves in the market lately with its announcement that it will be replacing pGALA with Rock DAO.

What Is Huobi?

Huobi was founded in 2013 in China and has since grown to become a global leader in digital asset trading. The platform offers spot trading, futures trading, and margin trading for over 200 cryptocurrencies. Huobi has a robust security system, with all user funds stored in cold wallets that are offline and air-gapped from the internet.

Huobi’s Decision to Replace pGALA

According to the official announcement of Huobi, the platform will be replacing pGALA with Rock DAO. This is a significant development for traders and investors who use Huobi, as it could impact the market. The move is expected to bring liquidity to the Rock DAO market and offer traders more opportunities to profit.

What Is pGALA?

pGALA is a token on the Wanchain network that is used to govern the Galatasaray fan token. It is a token that is used by fans of the Galatasaray soccer team to vote on club matters, participate in surveys, and gain access to exclusive content.

What Is Rock DAO?

Rock DAO is a distributed autonomous organization that aims to create, manage, and govern an ecosystem of blockchain-based products and services. It is designed to be a one-stop-shop for everything related to DeFi, from governance to lending and borrowing. Rock DAO is built on the TRON network and has its token, ROCK.

How This Will Affects Traders and Investors

Huobi’s decision to replace pGALA with Rock DAO is expected to impact the market. Traders and investors who hold pGALA may need to sell or exchange their tokens for ROCK. However, the move is expected to bring more liquidity to the Rock DAO market, which could lead to more opportunities for traders and investors to profit.

How to Participate in the Exchange

According to the announcement, users with on-chain positions need to recharge the pGALA on the off-site wave field chain to the Huobi platform before 9:30 (GMT+8) on April 6th to wait for redemption. The currency exchange will be completed, and Huobi will launch the online ROCK for the first time on the entire network.

Conclusion

Huobi’s decision to replace pGALA with Rock DAO is a significant development in the cryptocurrency market. While it may cause some disruption in the short term, it is expected to lead to more opportunities for traders and investors to profit. If you are holding pGALA, make sure to follow the instructions provided by Huobi to participate in the exchange.

FAQs

1. What is Huobi?
Huobi is a global leader in digital asset trading, offering spot trading, futures trading, and margin trading for over 200 cryptocurrencies.
2. What is pGALA?
pGALA is a token on the Wanchain network that is used to govern the Galatasaray fan token.
3. What is Rock DAO?
Rock DAO is a distributed autonomous organization that aims to create, manage, and govern an ecosystem of blockchain-based products and services.

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