Dear Users,

Following almost a year’s worth of preparation and development work, HTX Chain’s Testnet (“the Testnet”) will officially launch on February 29th 2020 (GMT+8). Targeted at the digital asset financing sector, HTX Chain is China’s autonomous cum compliant-ready blockchain platform, and is committed to providing a global, blockchain-based, digital asset infrastructure. Key features of HTX Chain are shown below:

1. World’s 1st Provider Of On-Chain Governance & Compliance Framework
Supports On-Chain Governance & Compliance Framework: HTX Chain will integrate a decentralized digital identity (DID) at the base infrastructure, which is designed to integrate smart contract execution access with unique user identity characteristics. Concurrently, the concept of a governance node will be introduced.

2. Tailor-made for Digital Asset Products, Without Sacrificing Immutability (no roll-back)
1) Independent development and Customizable DeFi service protocol: HTX Chain allows users to customize their DeFi services, whilst providing underlying support such as asset custody, governance and digital asset information services. Through this support infrastructure, HTX Chain hopes to empower digital asset applications, and build an eco-system that can flourish into an open digital asset market.
2) BTC Cum Multi-Asset Support: Using HTX’s proprietary asset custody capabilities, HTX will provide a variety of on-chain and cross-chain asset custody services via a combination of decentralized and centralized technologies (BTC, ETH, HT, HBTC, HUSD, etc).

3. Autonomous Side-Chain, High-Performance DeFi Transaction Support
1) Multi-language, high-performance smart contracts: HTX Chain supports user-deployed smart contracts, with inherent ability to support complex application development, thus making possible the realization of vertical dimension business services.
Whilst, virtual machines (VM) use open-source RISC-V instruction sets, toolchains are relatively more complete and are inherently more compatible (with gcc/gdb/llvm compatibility). Many community developers have built Ruby, Python, Typescript, Go, and Rust interpreters surrounding RISC-VM, thus enriching the future eco-system. The Testnet currently supports smart contracts written using C-programming language. To meet the demands of different users, HTX Chain aims to provide users with a richer set of smart contract programming languages in future, further expanding the development eco-system.
2) Designed For Cross-Chain, Supports Third-party Side-Chains: HTX Chain supports side-chains created and managed by third-parties using HTX Chain’s blockchain protocol. HTX Chain was developed with cross-chain interoperability in mind. By providing side-chain support services for users with specific requirements such as open side-chain connectivity, compliance functions and high-performance features, HTX Chain aims to fulfil high customization development needs.
3) High-Performance On-Chain DeFi Transactions Without Compromising Security Needs: HTX Chain is positioned as a DeFi public chain, and will, on the basis that security and deterministic output and low latency requirements are met (i.e. no transaction rollback, digital assets kept secure), aim to maximize throughput.

4. Original Innovation, Not Restricted By Other Blockchain Technologies
To meet the technical demands of the next-generation DeFi public chain, all aspects of the underlying blockchain infrastructure (virtual machine, smart contract compiler, consensus protocol, message signature, cross-chain protocol, asset custody module, etc.) was independently developed from scratch. Combining HTX's experience in the blockchain industry and the power of the open-sourced development community, HTX Chain will continuously undergo several project iterations and technological enhancements. Please refer here for source-code and related technical information Please refer to HTX’s github for detailed technical documentation.

In view of HT’s long-term value proposition, HT will become HTX Chain’s sole utility token.
HT is widely-held, has a mature community base and good branding, allowing it to form a synergistic alliance with HTX Chain. Once the Mainnet goes live, HTX Chain will announce HT-related events : e.g. pledge HT to be a Super Node, etc.
Detailed rules will be released in a separate announcement.

HTX Chain is committed to providing a high-performance, blockchain-based, global digital asset infrastructure. HTX Chain belongs not just to HTX, but the entire industry. Although the launch of the Testnet is but a baby step, we hope that it can significantly contribute to the advancement of the global digital asset infrastructure.

We know that a good blockchain system requires the support of the community. HTX Chain welcomes overseas developers, researchers, and users to participate in the HTX Chain Testnet trial, engage in HTX Chain governance framework discussions, and explore the infinite possibilities of the DeFi application with HTX Chain.

Following this Testnet Go-Live announcement, HT’s tokenomics will also undergo a change, details to be announced shortly.

HTX
February 29, 2020