Huobi Crypto Exchange Reveals Binance Launchpad Competitor – Huobi Token Surges 132%
Binance Launchpad was a total success, and since then, the token sale platform has been hosting various initial exchange offerings for blockchain startups. These include Fetch.AI, BitTorrent and Celer Network.
Huobi develops a new project, Huobi Prime
Now, it seems that the Huobi crypto exchange is also developing a similar project which is called Huobi Prime.
This will reportedly be an even better way of investing in crypto projects, and it’s set to launch on March 26th.
In a similar manner to Binance Launchpad which used the BNB Coin to power sales for new blockchain projects,
The Daily Hodl reports that Huobi’s coin launch initiative will serve as a token sale platform for blockchain projects and it will use the native crypto Huobi Token.
It’s also worth noting that Huobi Token has surged by 132% in 2019.
There’s an official Huobi announcement on Medium and according to it, here are Huobi Prime’s benefits:
- Immediate deposits into users’ accounts
- Rigorous pre-listing screening and selection processes on projects
- Early access to coins at below market prices
- Access for both big and small players (personal users as well as professionals or VIPs)
- Risk measures against volatility (via price limits)
“The first coin to launch on Huobi Prime will be TOP, the native token of TOP Network’s public blockchain project,” the Medium announcement also notes.
Congrats to @stevetopnetwork and @noahwang13 and the rest of the team on @topnetwork_top on becoming the first coin to list on Huobi Prime – and for helping us make history! #HuobiPrime #HT #HuobiToken #DPO #TOP pic.twitter.com/ixbpR7cU2e
— Ross (@ross_zhang) March 20, 2019
Binance Coin (BNB) rallies as well
Binance’s native token Binance Coin (BNB) has also been performing amazingly, and all it takes to see this is to look at its price evolution since it was launched.
Bloomberg noted that the main thing that makes BNB attractive to investors is the company’s efforts of “tying the performance of the exchange to the number of tokens in circulation.”
More than that, Binance is making efforts to become the world’s first centralized exchange to decentralize.
— Binance (@binance) November 4, 2018
This will happen because Binance Chain will power Binance DEX which is a brand new decentralized exchange which promises to deliver Binance’s best services but in a decentralized setting.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.