A major crypto asset exchange company, Huobi Global, announced that it will launch the new token trading platform ” Huobi Prime ” on the 26th of this month.
Huobi Prime is a trading platform for token sale, and is said to offer DPO (Direct Premium Offering) that takes into consideration price stabilization at the time of listing .
The platform is first listed on TOP Network’s TOP Token, which is dedicated to the development of distributed cloud communication services and proprietary DPoS-based blockchains.
Huobi Prime’s DPO has a ” price limit period ” of 30 minutes and a set of 1 and a half hours after the start of the transaction, and each token is capped at a price .
TOP’s trading starts from March 21 at 21:00 JST, and the details of the price limit are as follows.
- 21:00-21:29: 1 TOP = $ 0.00177
- 21:30 – 21:59: 1 TOP = $ 0.00 213
- 22:00 – 22:29: 1 TOP = $ 0.00255
In principle, the highest transaction price is said to be less than the lowest price in the previous round.
Announcement: We’re happy to announce that on Tuesday, March 26, Huobi Prime, a better path to #premium coins, will go live. Among other benefits, Huobi Prime lets you #trade your coins immediately. We call it the #DPO (Direct Premium Offering) Model. Info: https://t.co/O7z2rlINK2 pic.twitter.com/lWTyjjSQo4
— HuobiGlobal (@HuobiGlobal) March 20, 2019
Huobi Prime aims to facilitate industry resource collection and blockchain ecosystem development through funding assistance for potential blockchain projects.
After researching projects based on years of experience, the company will establish a new evaluation model “SMART-Chain 2.o” for the project, and will decide to go public based on this evaluation model .
Listing process on Huobi Prime
- Provides an open token pair and an open trading pair of Huobi Token ($ HT). However, security tokens are not covered.
- Set the price limit, the percentage of tokens sold by Huobi Prime, etc.
- Tokens are listed on the main exchanges such as Huobi Global and Huobi Korea. Trading pairs are slightly different depending on the exchange.
Initial Exchange Offering (IEO), which involves (parts of) token sales via exchanges, has recently gained popularity, with the most recently successful Binance Launchpad from the leading exchange Binance (Binance).
Attention will be drawn to whether Huobi Prime, with its price stabilization mechanism and immediate listing on the main exchange, will stand out as a new platform in the future.
- Press Release on TOP Network Listing – Huobi Global
- TOP Network Overview-Huobi Global (English)
- About Huobi Premium-Huobi Medium
Author: Arata-Source Post: https://crypto-times.jp/huobi-platform-top-network/
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