Huobi Unveils Huobi NEXT For Early Stage Companies And Investors

Blockchain, Event, Innovation, Investing | October 14, 2018 By:

Huobi Group executive Mai Lu introduced US-based crypto investors and thought leaders attending SF Blockchain Week to Huobi NEXT, the group’s community-based exchange.

Huobi NEXT is designed expressly to connect new, cutting-edge, high potential, early-stage coin projects with investors seeking to gain early exposure to them. One unique feature of the platform is that the final decision of which projects to list is decided by the exchange’s broader community via public vote.

“Huobi is trying to build an open platform for all participants to contribute and share the value,” said Lu, who heads Huobi NEXT as well as Huobi Group’s coin listing team.

After project teams formally submit their coin projects for listing and Huobi verifies each for authenticity and legitimacy, the process starts with Huobi NEXT endorsers, who are made up of reputable and well-respected investment institutions. Each nominator selects projects for consideration then they vote as a group on the top ones. “We’ve got 40 endorsers from all over the world,” said Lu. “We are always trying to recruit more endorsers to partner with us and to enlarge our ecosystem”

The second stage the broader Huobi community, made up of holders of Huobi’s native token. Huobi Token holders vote via their tokens for the projects they support.

The third round involves involves qualified crypto investors (including the endorsers themselves). Qualified investors pay to vote for projects and receive project tokens as a reward. The top two are then listed with Huobi.

Huobq Group consists of ten upstream and downstream enterprises in blockchain, cryptocurrency trading and asset management services to users in 130+ countries.