Huobi Global will officially launch “Huobi Prime” selective token listing channel on March 26, 2019 (GMT+8).
“Huobi Prime” aims to explore potential blockchain applications, gather industry resources and promote the development of blockchain ecosystem. With Huobi’s five-year long industry experiences as well as recent two-year’s digital asset practices, after research over hundreds of projects, Huobi has established a brand new blockchain project evaluation model “SMART-Chain 2.0”, and will review and select the best digital assets to be listed on our exchange based on such model.
With our highly efficient listing process, innovative trading model, detailed advisory services, and by leveraging resources from Huobi’s worldwide local exchanges, Huobi Pool, Huobi Wallet, Huobi Chat as well as Huobi Eco Partners, “Huobi Prime” is able to speed up the development of Prime Projects.
Through our rigorous project evaluation standard, zero listing fee and unique“Price Limit” feature, we believe, “Huobi Prime” will offer our users investment opportunities at low cost, and minimize risks trading digital assets for our users.
In summary, “Huobi Prime” strives to become the first and best choice of service arms for blockchain projects and trading platforms for blockchain users worldwide.
Prime Listing Rules:
1、 Huobi will source top non-security blockchain assets worldwide and directly list against “HT” trading pair for public trading;
2、 Huobi will raise the requirements on price limits as well as allocations to list via “Huobi Prime” in project’s community, later multiple entities from the community will join as initial token sellers, including but not limited to project early stage users and private investors etc;
3、 To foster fair price discovery, and to avoid potential risks brought to users by severe volatility, we will introduce “Price Limit”. There will be three “Price Limit” rounds, each having 30 minutes and a price range (Highest tradable price). Users are able to trade in the pre-determined price range. In principle, the highest tradable price shall be no lower than that of previous round;
4、 Projects that list through “Huobi Prime” can enjoy support from:
1） Huobi Global: List against HT trading pair, USDT trading pair, BTC/ETH trading pair;
2） Huobi Korea：List against KRW trading pair, HT trading pair, USDT trading pair, BTC/ETH trading pair;
3） HBUS：After passing compliance review, list against USD trading pair, USDT trading pair, BTC/ETH trading pair;
TOP Network Prime Trading Details:
Token Name: TOP Network（TOP）
Total Token Supply: 20,000,000,000 TOP
Prime Trading Allocation in Total: 1,500,000,000 TOP (7.5% of Total Token Supply)
Prime Trading Allocation in Each“Price Limit” Round: 300,000,000 TOP, 450,000,000 TOP, 750,000,000 TOP
“Price Limit”：The highest tradable prices during the three“Price Limit” rounds are : 1 TOP=$0.00177, $0.00213, $0.00255 (Prices in HT will be announced on the day of the Prime Trading)
Prime Trading Session Start: 2019/03/26 21:00 PM (GMT+8)
“Price Limit”Round: 2019/03/26 21:00 PM—2019/03/26 22:29:59 PM
There are three“Price Limit”rounds, first 20 minutes of each round is for trading, latter 10 minutes is for clearance
First“Price Limit”Round: 21:00:00—21:29:59；
Second“Price Limit”Round: 21:30:00—21:59:59；
Third“Price Limit”Round: 22:00:00—22:29:59；
Trading Mode: TOP/HT trading through market orders
Individual Cap: 1000 USD equivalent HT for each account
Eligibility: Threshold to participate in Prime is set to be: daily average holding of 500 HT during 30 days before Prime Trading, considering first Prime Trading getting closer, above threshold does not apply for TOP Network. Later HT holding requirements may subject to minor changes according to HT price movement, and will be disclosed accordingly with project announcements.
Huobi Global invites and welcomes all quality blockchain projects that strives to make a difference, together we can explore potential blockchain applications, gather industry resources, promote the blockchain ecosystem, and fight to empower financial services as well as liberate global wealth.
Interested in applying for “Huobi Prime”, Click to see application standards
1、 During“Price Limit” rounds, only market orders are allowed, limit orders will be available after“Price Limit” rounds end;
2、 API orders are forbidden during“Price Limit” rounds;
3、 Individual cap will not recover if users choose to sell the tokens during “Price Limit” rounds;
4、 Investing in digital assets comes with high risks, may suffer part or even total losses. Before investing, please have a full understanding of all the risks of investing in digital assets and be prudent of your own investment decisions, all information in this announcement or any other relevant information shown on Huobi Global does not constitute investment advice, Huobi does not take responsibility for any resulting direct or indirect losses;
5、 If found cheating, Huobi reserves the right to cancel relevant party’s elibility to participate in Prime;
6、 Huobi Prime is only open to users from countries where digital asset trading is not forbidden.
Huobi reserves the right of final interpretation.
If you have questions, feel free to ask in our official Reddit AMA post here: https://www.reddit.com/r/HuobiGlobal/comments/b37zxv/ama_w_ross_zhang_head_of_marketing_with_huobi/
March 20, 2019