Flex Yang, former founder of PayPal Finance, launched distributed stable currency HOPE

It is reported that Flex Yang, the former founder of Babel Finance, launched the distributed stable currency HOPE. The initial reserve assets of HOPE will include Bitcoin and Ethereum. The HOPE ecosystem includes four agreements, namely HopeSwap, HopeLend, HopeConnect and HopeEcho, providing transaction, lending, derivatives and synthetic asset functions. In addition, the project will launch an incentive and governance token LT (Light Token) to encourage users to participate in ecological application and governance.

Interpretation of this information:

Flex Yang, who is the former founder of Babel Finance, has reportedly launched a new distributed stable currency called HOPE. The new currency will be backed by Bitcoin and Ethereum initially. The HOPE ecosystem will consist of four distinct agreements, which includes HopeSwap, HopeLend, HopeConnect, and HopeEcho. These agreements are designed to offer transaction, lending, derivatives, and synthetic asset functions to users.

The inclusion of Bitcoin and Ethereum as initial reserve assets is a smart move on the part of Flex Yang. These two cryptocurrencies are the most valuable in the market and offer stability to HOPE. With the backing of these two cryptocurrencies, HOPE has a higher chance of gaining acceptance and adoption from the cryptocurrency community.

Furthermore, the HOPE ecosystem is designed to offer a wide range of functions to users. The four agreements are designed to provide diverse services such as transaction, lending, derivatives, and synthetic designs. This will allow users to conduct various kinds of transactions and manage their investments according to their preferences.

To further incentivize and encourage users to participate in the HOPE ecosystem, Flex Yang has also launched an incentive and governance token called LT (Light Token). LT will be used to reward users who use the Hope ecosystem and partake in governance decisions. This is a smart move on the part of Flex Yang, as it encourages users to not only use the platform but also take an active role in the governance of the HOPE ecosystem.

In conclusion, HOPE is a new distributed stable currency that is backed by Bitcoin and Ethereum. The HOPE ecosystem is designed to offer various services such as transaction, lending, derivatives, and synthetic assets. The inclusion of an incentive and governance token (LT) is a smart move that will encourage user participation and governance.