Huobi to Launch Low-Cost Blockchain Phone Next Week

Chinese crypto exchange Huobi plans to introduce its blockchain-powered smartphone Acute Angle in Southeast Asia next week.

Huobi’s new blockchain phone was already accessible to some clients in China, but the actual launch is anticipated for next week as part of the 6th Huobi Prime dispatch, a Finance Magnates report on September 3 stated.

Priced at around $500, the Acute Angle can be acquired utilizing the exchange’s own Huobi Token (HT).

The new Android-based gadget has purportedly been created in collaboration with Huobi’s Whole Network project. Distribution across Southeast Asia is purportedly arranged by the end of 2019 — and Huobi also aims to grow its new product to Europe and the United States in case the launch is a success.

Huobi Global’s CEO, Livio Weng, said blockchain phones are promising for blockchain industry advancement, underscoring that comparable activities will only develop, adding:

“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.”

The news comes as Huobi plans to launch its 6th Huobi Prime venture, Whole Network (Node) on September 11.

In the presentation of the project distributed on September 1, Huobi said that Whole Network would be based on the value produced by client behavior, with the help of hardware terminals and incentives in arrange to construct a “behavioral value” network. Per the declaration, the NODE’s supply will be limited to 10 billion tokens, while total prime release will account for 7.5% of total tokens.