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Huobi Announces Support for ROCK DAO, Replacing pGALA on its Site

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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 netw

Huobi Announces Support for ROCK DAO, Replacing pGALA on its Site

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

Huobi, one of the world’s leading cryptocurrency exchanges, has recently made an official announcement that it would support replacing pGALA on its site with ROCK DAO. The exchange also plans to launch the online ROCK for the first time on the entire network after the currency exchange is completed. This move is expected to have significant implications for users on the Huobi platform and the wider crypto community.

What is pGALA?

Firstly, it’s important to understand what pGALA is. pGALA, or PolyGALA, is an ERC20 token deployed on the Ethereum network. It is a governance token for Galaxia DAO, a decentralized autonomous organization that aims to create a gaming ecosystem powered by blockchain technology. Users can stake pGALA to earn rewards and vote on proposals related to the future development of the platform.

What is ROCK DAO?

ROCK DAO, on the other hand, is a decentralized autonomous organization focused on the film and entertainment industry. It operates on the TRON network and aims to disrupt the current centralized model of the industry by empowering creators, fans, and investors. ROCK DAO issues its native token ROCK, which can be staked to earn rewards and participate in governance.

Huobi’s move to support ROCK DAO

Huobi’s move to replace pGALA with ROCK DAO on its site reflects the platform’s commitment to providing users with access to innovative projects and opportunities. With its secure and efficient trading infrastructure, Huobi enables users to transact with ease while maintaining the highest level of security and reliability. By adding support for ROCK DAO, Huobi hopes to attract new users looking to invest in the dynamic entertainment sector.

How to switch from pGALA to ROCK DAO

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 conversion rate for pGALA to ROCK DAO has not yet been announced, but users can stay tuned for further updates from Huobi. It’s essential to note that pGALA will no longer be available on the Huobi platform after the redemption process is complete.

Benefits of ROCK DAO

One of the main benefits of ROCK DAO is the potential for significant returns on investment, as the platform continues to grow and attract more users. Additionally, ROCK DAO’s unique governance model ensures that all stakeholders have a voice in the platform’s development, creating a more democratic and accessible entertainment ecosystem. Finally, ROCK DAO’s existence on the TRON network offers users faster transaction times and lower fees than traditional blockchain platforms.

Conclusion

In conclusion, Huobi’s decision to support ROCK DAO and replace pGALA on its site highlights the platform’s commitment to staying at the forefront of the crypto industry. This strategic move reflects Huobi’s awareness of the changing needs and preferences of its users and the broader crypto community. As more and more users look to invest in innovative projects like ROCK DAO, it’s essential for Huobi to provide the necessary infrastructure and support to ensure their success.

FAQs

Q. What is the difference between pGALA and ROCK DAO?
A. pGALA is a governance token for Galaxia DAO focused on the gaming ecosystem, while ROCK DAO is focused on the film and entertainment industry.
Q. How can I convert my pGALA to ROCK DAO?
A. 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.
Q. What are the benefits of ROCK DAO?
A. The potential for significant returns on investment, a democratic governance model, faster transaction times, and lower fees than traditional blockchain platforms.
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