Dear Users,
Huobi Global’s FastTrack Phase 1 Round 1 Vote-to-List premieres June 13. This round will see five (5) projects compete, of which, the project with the highest vote count in this round will proceed to list onto Huobi Global. All HT votes cast for the winning project will be burnt (i.e. destroyed) the same day. Remaining four (4) projects will rollover to the next week and the votes will be recast.
In the first round, FastTrack will vote 1 out of 5 projects to list on Huobi Global. The listing project will distribute approximately 1,000,000 USDT worth of tokens based on current market valuation (at 50% discount to voting users). An equivalent 500,000 USDT worth of HT tokens will subsequently be burnt (destroyed).
FastTrack First Round Project Details ( @ HT = 3.35USDT)
1. Project Name：Origo.Network（OGO）
Distribution Token Amount ：11,111,120 OGO
Price After Discount：0.045 USD = 0.013433 HT
Project Introduction：Click here for more
2. Project Name：Atlas Protocol（ATP）
Distribution Token Amount：71,429,000 ATP
Price After Discount：0.007 USD = 0.002090 HT
Project Introduction：Click here for more
3. Project Name：Fusion（FSN）
Distribution Token Amount：1,171,585.76 FSN
Price After Discount：0.426772 USD = 0.127395 HT
Project Introduction：Click here for more
4. Project Name：Skrumble Network（SKM）
Distribution Token Amount：217,000,000 SKM
Price After Discount：0.0023 USD = 0.000687 HT
Project Introduction：Click here for more
5. Project Name：New Kind of Network（NKN）
Distribution Token Amount：14,903,130 NKN
Price After Discount：0.03355 USD = 0.010015 HT
Project Introduction：Click here for more
Detailed Schedule
Voting Stage: 20:00:00 – 20:59:59 June 13, 2019(GMT+8) (1 hour in total);
Token Exchange: 21:00:00 – 21:09:59 June 13, 2019 (GMT+8);
Listing Stage: 22:00:00 June 13, 2019(GMT+8); Winning Project will be eligible for listing. Deposit/Withdrawal services and free trading of USDT, BTC and HT trading pairs will be subsequently launched.
As ATP mainnet has only recently launched, additional development effort will be required to integrate with it. As such, should ATP win the first voting round, opening of deposit, withdrawal and trading services will be postponed till further notice.
Click here for FastTrack Voting Rules
Further Notice:
1. FastTrack will inherit the Prime Lite Trading Protection: In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 mins after official trading opens and users are unable to place orders at prices 5 times higher than the highest tradable price during Price Limit Round;
2. Huobi reserves the right to void a project’s vote count, or eliminate FastTrack voting eligibility if signs of cheating are discovered.
Huobi Global
June 13, 2019
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