On March 20, Huobi announced that Huobi Global will officially open the Huobi Prime channel (Huobi Prime) on March 26, Singapore time, to select scarce and high-quality projects (investment targets) for users. At the same time, Huobi announced the first project listed on the Huobi Prime platform - TOP Network.
Odaily has previously introduced TOP Network in depth. This time, in order to let everyone get in touch with the project and the ongoing "Huobi Prime" for the first time,We have another interview with Noah Wang, co-founder, CFO and CMO of TOP Network。
In the interview, Noah introduced the latest progress of the project, that is, the TOP Network test network 2.0 has been launched, supporting the development of smart contracts, and the main network will be launched in June. In addition, Noah also introduced how the team launched Huobi Prime, and the plan after launching Huobi Prime, etc.
Before entering the interview, readers who don't know much about TOP Network can read this introduction first.
TOP Network is a "chain reform" project. The team previously developed a distributed communication network and three communication applications based on it (60 million registered users). This network adopts P2P communication and storage technology, which breaks the traditional client/central server model, allowing each client with idle bandwidth/hard disk to act as a server to serve other nodes, and it can also be used at a low price or even free of charge The services of other nodes have significantly reduced costs and improved efficiency.
In December 2017, TOP Network started to build a public chain based on this, so that the previous system can be completely decentralized, the economic model can be autonomous, and all developers can use the network independently. After setting up the bottom layer, developers can call TOP Network's communication services through the SDK and API, and quickly create and run communication DApps such as messaging, voice, video, Proxy, CDN, and IoT data transmission.
Up to now, TOP Network has completed all private financing. Investors include Fenbushi Capital, Danhua Capital, NEO Global Capital, Ontology Global Capital, Leading Capital, Daosheng Capital, Tsinghua TEEC Fund, Dream Chaser Fund, Gong Hongjia, founder of Hikvision (IoT solution provider) And Wu Yongming, the founder of Yuanjing Capital.
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The following is the transcript of the interview:
"Build walls high, accumulate grain widely, and become king slowly"
Q1: We talked in September last year. At that time, the project received a cornerstone round of investment of 6 million US dollars. What is the latest progress of the project now?
Noah：Now the test network 2.0 has been launched and supports smart contracts, and the TPS can reach 8000+. In addition, our main network will be launched in June this year.
Q2: Are your own applications running on it?
Noah：Well, we'll be announcing a great decentralized communication app soon.
Q3: Where is the focus of your work at present? market, brand? Get C-end users and developers? Or a technological breakthrough?
Noah：Both are taking into account development, and our team has expanded to more than 130 people. Of course, this time on Huobi Prime, we will do our best to let Huobi Prime users share the dividends of project development. How to do it? It is to land the project as soon as possible.
Q4: After half a year of development, what new ideas and experiences do you have? What are the difficulties in making a public chain and implementing it, and which one is very important to do well?
Noah：From the perspective of operation and marketing (note: Noah is mainly responsible for this aspect of work), we are actually adopting the ancient Chinese method of "building high walls, accumulating food widely, and becoming king slowly".
For a long time before, friends in the circle advised us that there were various small opportunities in the market, which were actually noises, and we blocked them all, focusing on technology research and development and application implementation.
And before, we mainly developed overseas, so there was not much enthusiasm in the Chinese market.
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"Hot spots are short-term, we are more concerned about the long-term impact"
Q5: When did you plan to list the currency? Choose to list coins at this time, is it because you have seen the recent IEO climax? Is there any opportunity to choose Huobi Prime?
Noah：Listing is just a step in the development of our entire project. After communicating with Huobi, we felt that TOP, as the first project of Huobi Prime, was a win-win opportunity, so we decided to participate.
Have you taken a fancy to the trend of IEO? We just paid attention to it. However, Huobi Prime is not an IEO, but a channel for listing coins in the secondary market. We made the decision based on the Huobi partner and their active users.
Most of the hot spots in the blockchain world are short-term. We are more concerned about whether doing this will have a long-term impact. For example, the quality of the selected exchange, whether it has a common goal with us, whether it can cooperate for a long time, and whether the communication is smooth.
To be honest, our communication with Li Lin and the Huobi team is very smooth, and we can feel that Li Lin and the team can consider issues from the perspective of the project side.
In the process of contact, he cares more about practical things, such as whether your technology can really be implemented and when it will be implemented. Basically, in the process of meeting with him, 80% of the time is spent on these issues, not on business terms.
Li Lin himself said that an important reason for choosing us is that our team is solid, and they are all veterans who have worked in industrial and traditional industries all year round. For example, our partner Steve has established his fourth company, and I have been in the financial industry for the past ten years, and there are experts in cryptography and communication in the team.
Q6: When referring to the original intention of Huobi Prime, Huobi mentioned that the decline in market conditions has delayed the development of many high-quality projects. Does this have any direct impact on you?
Noah：We have always felt that the past period of downturn in the blockchain market has been a particularly good thing for us. It gives us enough time to do research and develop projects, and there are not so many impetuous factors in the market. We all in this industry must believe that the entire industry can develop in the long run. Now that the entire industry is at the bottom, then we can only go up in the future. We still look forward to the future.
"We are definitely not 'cutting leeks'"
Q7: Huobi Prime became a hot topic as soon as it was launched. But when the stir-fry has entered the cooling-off period of the market, will you worry about the infamy of "cutting leeks"?
Noah：First, objectively speaking, the launch of Huobi Prime has indeed increased product exposure. But this time on Prime, we did not raise any funds, and the Tokens traded did not come from us, but from the community and some early-round investment institutions.
Secondly, we will definitely not cut leeks, and the future market will verify this. Huobi is able to use us as the first project of Huobi Prime, and it also has sufficient confidence in us to do this.
Regarding Huobi Prime, I believe that a platform as big as Huobi is definitely not doing it for the sake of cutting leeks, or for some small profits.
Q8: After listing on Huobi Prime, when will I list on other exchanges? Many of your users should be in the US, so are there any plans to list on local exchanges?
Noah：That’s right, after listing on Huobi Prime, we will remain the same as before, and we will not focus on listing coins.
As for when and how many exchanges to list, we didn’t have this roadmap at all before, because you asked me, and this question came to my mind for the first time.
Of course, we do not rule out cooperation with other exchanges in the future, but we will consider its qualifications, and then the exchange will also consider us, right?
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"Li Lin spent a lot of time with us"
Q9: Huobi Prime mentioned in the announcement that there is no fee for listing coins, but there is a whole set of packaged services, including consulting and marketing, etc. I would like to ask whether this service is charged? What do you think of the price/performance ratio of Huobi Prime?
Noah：We really haven't paid a penny, I can assure you of this.
Their consulting service is that Li Lin and colleagues who participated in this project spent a lot of time on us and provided a lot of project development suggestions, which is such a good thing.
But I believe that Huobi should be looking for better projects for their platform users, and then provide a better opportunity for this project to reach Huobi users. I think this is their starting point.
Q10: Is launching Huobi Prime equal to launching Huobi Global and more than 100 exchanges that Huobi Cloud cooperates with?
Noah：Now we can only confirm that at least Huobi Global will be listed. Huobi Korea, Huobi Japan, and HBUS are also actively contacting us. Huobi wants to be a compliant exchange globally, so we must ensure that our project is also a compliant project.
As for the exchanges that Huobi Cloud cooperates with, we (and Huobi) have not discussed this aspect.
Q11: What do you think are the benefits of Huobi Prime for project parties? How many projects will be able or want to use this service in the future?
Noah：It is also the first time for us to embark on the Huobi Prime process. The experience is still very good, and we have relatively close communication with personnel from various teams and regions of Huobi.
I believe that everyone should really want to list on Huobi. After that, we have no contact with any coins that Huobi Prime plans to list. The steps and frequency of their listing, what will happen to the second and third projects, or if we are the only one, I don’t know. Look at Huobi's own plan.
Odaily: Finally, thank you TOP Network and Noah for sharing!
(I am the author Xuejiao. I am concerned about blockchain and mining. Welcome to add WeChat to communicate with hxjiapg. Please note your position and name)
