One of the world’s leading crypto exchanges, Huobi Global announced plans to launch its selective new Huobi Prime coin launch platform. On March 26, the selective token listing channel will start working. Before being listed on the main exchange, the feature will allow the users to trade in high potential digital assets.
Huobi says this new platform offers
“a better way to access cutting – edge crypto projects with high potential for impact and growth – one designed not only for deep, well – connected, but also for ordinary retailers.”
As new projects and currencies not yet listed on major exchanges, customers will have access to coins at lower – market prices. Huobi’s executive team works with the project leaders of each listed coin or token, building close partnerships and determining users’ fair market values. Executives also have tiered price limits in place to relieve extreme volatility customers. According to the Huobi Group’s CEO and founder, Leon Li, it aims to access promising crypto – assets at rates significantly lower than their market price.
It has already been revealed that the first token to be listed through Prime will be TOP, the TOP Network’s native token is a public blockchain platform built for any volume and size real – world business. It also offers reliable cloud communication services that are cost – effective.
A statement by the group states that users will have an investment cap of $1,000 in HT tokens. Due to the trading price, it reached almost 2,220 HT per sale at press time.
Coins listed by Huobi Prime will be offered in three rounds. These caps may rise as time goes on, even though prices are ultimately capped. Thus, during the starting round, a coin can sell 30% off while experiencing only a 20 or 10% discount during the second and third rounds.
We can compare the project with Binance Launchpad, with its main objective being to provide a platform for “transformative crypto projects.” Like the Launchpad, Huobi Prime plans to list the digital assets for trading against its native HT token. Trading platforms have opened their doors for new and promising assets in what may be an indication of the crypto – winter receding. In a similar launch, with their first Initial Exchange Offering [ IEO ], the Malta-based exchange, Bittrex, launched a token sale on its platform to make the gaming system more transparent.
All Huobi Prime coins must have a progressive business model, a strong project team, financial support, and long-standing community support. Traders interested in participating must open Huobi Global accounts and maintain an average of about 500 Huobi Tokens of monthly holdings prior to the launch of Prime. Individual purchases made by Huobi Prime cannot exceed $1,000 in HT at the time of press.
The latest Huobi feature comes a week after the crypto company announced on its multi-chain Huobi Wallet support for Tron [ TRX ] decentralized apps [ DApps ]. Currently, the wallet supports Bitcoin, Ethereum, Tron, Bitcoin Cash, Bitcoin SV, XRP, EOS, Ethereum Classic, and Litecoin as well as all tokens and Stablecoins from ERC20.