20/03/19 09:00 UTC-4

Huobi announces IEO date launch and first token sale details

Huobi: IEO launch and first tokens
Huobi: IEO launch and first tokens

Huobi has officially announced the launch date of the Huobi Prime platform and its first tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details
data. Huobi has developed the Initial Exchange Offering (IEO) platform to host its own token sales. The platform, known as Huobi Prime, officially starts on March 26, 2019, – according to the company's twitter.

Huobi advertises the platform as "a completely new model for evaluating the " SMART-Chain 2.0" blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
project and will consider and select the best digital assets that will be listed on the exchange based on this model.

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Platform services

The announcement of Huobi also means that they will offer users investment opportunities at a low price and minimal risk.

Huobi plans to implement the entitlement feature, which will require users to contain 500 Huobi tokens (HT) within thirty days before the sale of tokens. In case of sale of TOP Network tokens, the rule does not apply.

The announcement also posted details about the release of Huobi for their first sale of tokens to the TOP Network. The sale of TOP tokens will begin on March 26th.

TOP Network Prime tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details

  • Token Name: TOP Network (TOP)
  • Total tokens: 20 000 000 000 TOP
  • Distribution of the main trade in total: 1 500 000 000 TOP (7.5% of the total supply of tokens)
  • Distribution of prime trading in each round of price cap: 300,000,000 TOP, 450,000,000 TOP, 750,000,000 TOP
  • "Price limit": The highest prices during the three rounds "Price limit": 1 TOP = $ 0.00177, $ 0.00213, $ 0.00255 (prices in HT will be announced on the day of Primary Trading)
  • The beginning of the trading session: 2019/03/26 21:00 (GMT +8)
  • Round of the price limit: 2019/03/26 21:00 – 2019/03/26 22:29:59
  • There are three rounds of "Price Limit", the first 20 minutes of each round are for trading, the last 10 minutes are for clearance
  • The first round of the price limit: 21:00:00 – 21:29:59
  • The second round of the price limit: 21:30:00 – 21:59:59
  • Third "Price Limit": 22:00:00 – 22:29:59
  • Trading mode: TOP/HT trading through market orders
  • Individual limit: $ 1000 in HT equivalent for each account

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Huobi Exchange announced the launch date of the HuobiPrime platform and the sale of the first tokens. The threshold for participation in Prime is set as follows: the average daily retention of 500 HT within 30 days prior to the start of Prime Trading, considering the approach of the first Prime Trading, above the threshold does not apply to the TOP Network.

Later requirements for ownership of HT may undergo minor changes in accordance with the movement of HT prices and will be communicated with project announcements.

Editor: Yuliya Soroka

See also: "Co-founder of the QuadrigaCX exchange with a criminal past"

#Huobi #stockexchange #IEO #tokens #HuobiPrime



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