Huawei Introduces An Unknown Cryptocurrency

Technology giant Huawei introduced a cryptocurrency called Defactor (FACTR) in a video it published via the social media platform Twitter.

The bull run in the crypto money market has also whetted the appetite of corporate companies. Many well-known and well-known companies have started to enter the industry to get involved in the crypto bull run. Giant companies such as Google and Microsoft had announced several partnerships in the past few days. On the other hand, technology giant Huawei introduced a crypto currency that has not yet gained recognition with its social media sharing. Huawei included a cryptocurrency called Defactor in a video post.

Huawei Raises Its Introduced Cryptocurrency More Than 500 Percent

Technology giant Huawei introduced an unknown cryptocurrency via Twitter. Defactor (FACTR), introduced by Huawei, experienced a rise of more than 500 percent after the release of the promotional video.

Looking at the market value of FACTR, it was observed that it was around 2-3 million dollars before Huawei’s share. This price can be examined within the scope of a project that can be defined as shitcoin. Sharing such an unknown and uninteresting crypto currency, Huawei brought question marks to mind.

Defactor stands out for its focus on using blockchain technology to improve existing factoring, trade finance and inventory finance systems. However, the project is not yet listed on any exchange, and can be traded through the decentralized exchange Uniswap.

In Huawei’s share, it was mentioned what Defactor is and what it does. After this sharing, the crypto money, which is very cheap in price and not yet known by investors, witnessed an increase of more than 500 percent with intense interest.

However, this price volatility does not reveal a definite conclusion about where the project could go.