Huobi Exchange to Empower Women in Crypto, Says Justin Sun

It’s all about balance for Justin Sun, as the renowned crypto entrepreneur seeks to hire more women for refreshing ideas.

Justin Sun with a Halo above his head being picked by a hand coming out of a speech buble

One of the most prominent figures in the crypto world, H.E. Justin Sun, announced that Huobi Global would focus on bringing balance and diversity to the workplace. To achieve this, the Seychelles-based crypto platform will level out the staff by hiring more female crypto talent.

All Corners of Society in Crypto

Justin Sun, the Tron (TRX) founder, also disclosed that the Huobi Global crypto exchange had initiated the “Huobi First Lady” program. The first edition of this social campaign on Huobi will see the election of The Super Fire Sisters Group. Besides, users who are registered and verified on the Huobi crypto platform will be able to cast their votes and see live broadcasts of presentations by fresh crypto talents.

For the crypto industry, this hiring model can help reflect the diversity that cryptos and blockchain technology offer. Furthermore, the Chinese crypto entrepreneur emphasized, “Having a diverse team brings a range of perspectives and ideas to the table, which is essential for innovation and growth.”

Sun’s TRON Rises and Shines Amid Crypto Winter

While 2022 was a downward slope for most alternative cryptocurrencies, Justin Sun’s Tron (TRX) got struck by the crypto thunder more lightly than most competing altcoins. To illustrate, TRX only lost 29.6% of its value since a year ago, while neighbors in the crypto charts OG altcoin Litecoin (LTC) and two-year-old memecoin Shiba Inu (SHIB) lost 53% and 76% of their 2021 market prices, respectively.

At press time, the 12th-ranked TRX trades at $0.054188, according to CoinGecko. Signifying a slight 2.9% deficit in the last seven days, Tron’s survival kit during this bear market seems to be in good shape, as the altcoin even managed to record 1.2% monthly gains during the ongoing volatility.

On the Flipside

  • Crypto analyst Colin Wu reported that Justin Sun’s Huobi Global crypto platform would cancel all year-end bonuses.
  • On top of that, Justin Sun is planning to halve the exchange’s staff numbers to just 600-800, down from the current 1,200 employees.

Why You Should Care

At present, the crypto sector is primarily male-dominated. Hiring more female crypto talent to even the score aligns well with crypto values, as the technology aims to weaken the difference between social classes.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.