2020 is proving to be a busy and exciting year for HotNow. We have just released an improved HotNow app using the new technology “Elm'' to increase stability, responsiveness and extensibility. And along with launching HotPlay’s website, Adbuy, HotKit and HotNow’s Merchant app in early Q1, HotNow has achieved some major milestones.
The new HotNow app and complementary suite of HotPlay applications, not only enrich the HotNow experience but also give HotPlay greater visibility to consumers, game developers and merchants, and generate interest from, and business partnerships with, some of the most influential and successful companies in Southeast Asia.
In Q1, HotNow integrated our ecosystem with the ecosystem of The1 , the Central Group’s 16-million member loyalty program ! Millions of The1 members are now able to sync their accounts with HotNow. Central group will supply special discount coupons to HotNow and HotPlay, and HotNow will initiate new capabilities to denominate all coupons in both HOT and The1 points in the near future.
In Q2, we are pleased to announce the formation of a new joint venture with a subsidiary of Thailand's largest private company and one of the world's largest conglomerates . The joint venture is named HotPlay and will focus on in-game advertising initially in Southeast Asia, but with plans to expand into other growth markets. Also, within Q2 we will enter into an agreement with one of the most innovative and popular online entertainment providers in Thailand whose management team averages over 15 years’ experience in the gaming industry, and who has more than 200 staff who understand the needs of gamers.
Our Q3 plans involve further HotPlay (in-game advertising technology) integration, and the commercial launch of highly successful Massively Multiplayer Online Role Playing Games (MMORPG) game titles.
Although we have made tremendous progress and development of HotNow and HotPlay, We regret that KuCoin has decided to delist HOT on April 27, 2020. We want to stress that this delisting decision is solely based on HOT's low trading volume on KuCoin and does not imply that the HOT project is at risk. Ironically, KuCoin's marketing team is excited about the big announcements that we will be making in the coming weeks, but KuCoin has to be consistent in applying the trading volume requirements. So, although KuCoin believes that our big marketing and business developments announcements will positively impact our trading volume, they cannot wait for it. On a brighter note, Liquid exchange has agreed to help transition all the HOT supporters on KuCoin by providing a quick and easy process to withdraw HOT from KuCoin and deposit HOT on Liquid exchange . You can access that process here . We appreciate your support and want you to know that we will continue to work hard to keep you informed and build the best possible products in 2020 and many years to come!