Hshare (HSR) MainNet swap appears to keep getting more support from exchanges with the latest support coming from KuCoin and GODEX. Two months ago, the Hcash Foundation broke the new about their MainNet swap from Hshare (HSR) to HyperCash (HC) and a lot of attention has been focused on the platform.
The news has seen the HSR price steadily gain traction after the September 5 market slip and the last 7 days has seen the coin trade in the green territory. However as the MainNet swap draws nearer; KuCoin has thrown its weight behind the crypto platform which has seen HSR price jump through the roof to gain by over 55% against the dollar and Bitcoin.
Hshare (HSR) KuCoin Support News
AS crypto market recovery appears to bear no fruits with most coins and tokens still struggling to get back to their gaining ways. Hshare (HSR), the native Hcash coin appears to be the only major gainers in the last 24 hour trading session. The price spike comes barely a few hours after two major cryptocurrency exchanges announce they are behind the coin during the MainNet swap.
In a brief announcement dated 24 September, 2018 and posted on their official blog, KuCoin says:
Dear KuCoin Users:
KuCoin will upgrade HSR into HC in the coming days. The upgrade schedule is as follows:
KuCoin will close trading of all HSR trading pairs at 16:00 (UTC+8), Sep 25, 2018. We recommend that you cancel your pending orders of HSR as soon as possible.
To complete the upgrade, KuCoin will take snapshots of users’ HSR assets at 16:00 (UTC+8), Sep 25, 2018. After the snapshot, we will convert HSR into HC at a ratio of 1:1. (1 HSR = 1 HC).
After upgrading, we will open the transaction services of HC and delist all the HSR trading pairs.
Thank you for your support!
The KuCoin Team
Hshare (HRC) Price Surge
The altcoin market appears to be headed back to a short term recovery zone after Bitcoin shed its market dominance in the last 7 days from a high of 57% to the current 56.07%. Hshare appears to be among the top gainers. The HRC coin has gained an impressive 51.48% to trade at $3.38 in less than 24 hours.
The boost is not just from KuCoin alone, other exchanges supporting the swap include Huobi, OKEx, Binance and Gate.io among others. The boost comes at a time when the coin needs additional visibility as it transitions from Hshare to HyperCash.
A total of $6.37million worth of Hshare (HRC) have changed hands since the KuCoin announcement as the volumes has pushed the coins market cap to $14.88 to rank 47th among the most valuable coins in the market to date. TOPBTC and Allcoin are the top exchanges controlling 41.08% and 21.32% of the total volumes with HSR/BTC and HSR/CKUSD being the most popular pairs.
Why Hshare (HSR) Swap to HyperCash (HC)
With the dynamic nature of the blockchain technology, the swap will see the new outfit embrace the quantum resistance protocol that will usher in Proof-of-Work and Proof-of-stake algorithm for a new DAO governance era. The upgrade will reposition the coin and align itself to future challenges whilst addressing the ever changing consumer demands.
The ecosystem has been working on connecting other blockchains and the swap will see Hshare (HRC) implement its DLT towards their interoperability vision. The new look HC is set to start on the right footing and the price surge being experience is a sign of stability as we head to the close of Q4 and a good value proposition to stake on for the investor.