Huobi’s Blockchain Phone to Launch in Southeast Asia Next Week

Huobi’s Blockchain Phone to Launch in Southeast Asia Next Week

Chinese crypto exchange Huobi’s new blockchain phone Acute Angle is scheduled for official launch in Southeast Asia next week and will be on sale for $500.

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

Official launch is imminent

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 about $500, the Acute Angle can be purchased using the exchange’s native Huobi Token (HT).

The new Android-based device has reportedly been developed in collaboration with Huobi’s Whole Network project. Distribution across Southeast Asia is reportedly planned by the end of 2019 — and Huobi also intends to expand its new product to Europe and the United States if the launch is successful.

Livio Weng, Huobi Global’s CEO, said blockchain phones are promising for blockchain industry development, stressing that similar initiatives will only grow, 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.”

Whole Network (NODE) launch

The news comes as Huobi prepares to release its sixth Huobi Prime project, Whole Network (NODE) on Sept. 11. 

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 incentives in order to build a “behavioral value” network. Per the announcement, NODE’s supply will be limited to 10 billion tokens, while total prime release will account for 7.5% of total tokens.

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