Introduction
In recent years, blockchain and cryptocurrency has been popular. The market has grown exponentially. People
started looking at the possibility of adopting it as a new way of electronic payment. As Bitcoin and most
other Altcoins have high volatility, the market hesitates on the risk. Stablecoin has become a new variation
under cryptocurrency which is pegged to some fiat currency with stable exchange rate. Tether, also known as
USDT, is one of the most popular examples that has a 1:1 exchange ratio with USD. While Tether set its
company in Hong Kong, there are no existing stablecoins pegged to HKD. This project will be constructed with
TRON, the blockchain platform which charges zero transaction fee, to develop a new stablecoin on HKD named
the Hong Kong Dollar Token(HKDT). Moreover, a crypto wallet will be developed in React Native at the same
time to provide cross-platform experience for non-technical users on peer-to-peer HKDT transactions. Besides
the basic transaction function, additional features such as blacklist on dishonest spending will be
researched. At the time of this report, the basic prototype has been developed and is waiting for testing to
evaluate the performance. Utility features such as QR code generation and scanning is provided. In the next
phase of development, more advanced features such as blacklist will be provided.
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about HKDT