Token Sale Platform Introduced By Crypto Exchange Huobi

Announcements, ICO News, News | March 22, 2019 By:

Huobi Global, Huobi Group’s global crypto exchange, has introduced a new token sale platform designed to provide a better way to access cutting-edge crypto projects with a high potential for impact and growth.

Dubbed Huobi Prime, the new platform is a Direct Premium Offering (DPO) platform that will be powered by Huobi Token (HT), Huobi Group’s native token. According to Huobi, the platform will offer users a number of key advantages, including ensuring that all currencies purchased by users are immediately deposited into their accounts and tradable against the HT token with minimal delays.

The new platform will carry out rigorous screening and selection process to ensure that only premium projects are included. It will be adding a period of tiered price limits to mitigate periods of extreme volatility when the market opens and to reduce the risk of adverse impacts on investors. While users will get early access to coins at below market prices, individual purchases made through Huobi Prime would be capped at the equivalent of $1,000 in Huobi Token.

“Listing through Huobi Prime will involve three rounds of coin offerings, each lasting 30 minutes,” Houbi said. “The price will be capped but the cap will rise as time goes on. For example, if Huobi Prime listed a coin called Huobi Premium Example Token (HPET), HPET tokens might be made available at a discount of 30% off in the first round, 20% off in the second, and a 10% discount in the third.”

The first token set to launch on Huobi Prime will be TOP, the native cryptocurrency of TOP Network’s public blockchain project. Based in Silicon Valley, TOP Network offers secure and low-cost messaging, calling, video, VPN, CDN, and Internet of Things (IoT) data sharing services. The startup is in the process of launching a PBFT-DPoS-based public blockchain capable of processing several thousand transactions a second.

“While we had a number of really strong candidates for Huobi Prime’s inaugural launch, we were really impressed by TOP Network’s ambitious business model, as well as the fact that it will be the first true high performance public chain with a pre-existing userbase in the millions,” said Ross Zhang, Head of Marketing for Huobi Group.