Huobi Cryptocurrency Exchange announced its second Initial Exchange Offering (IEO) after successfully conducting the first IEO.
Interesting in the section: Bitfinex: description of the exchange site
The next IEO, called Newton Project (NEW), will be launched on April 16, 2019 at 20:00 Moscow time and will attract less than $ 5 million to distribute 2% of new tokens.
"We are pleased to announce that our second release of IEO will take place soon. 2 billion NEW or 2% of the issue will be put up for sale to users of Huobi Prime." – company’s Twitter.
The project has already collected a whopping 26 million dollars.
Participation in the Newton Project
Huobi also implemented a final attempt to make participation in IEO fairer through its Huobi TokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details storage method, where users who have Huobi Token (HT) will get more chances to participate in IEO.
Interesting in the section: MyEtherWallet – browser wallet for Ethereum and ERC-20 tokens
Huobi crypto-exchange announced the launch date and details of the second IEO. The Newton Project will present three rounds with three separate pricing structures. To participate, users must spend at least 500 HT within 30 days prior to the start date of IEO.
Huobi reserves the right to restrict users who are found to be cheating from participating in IEO on the Huobi Prime platform.
Recall, on March 3, the Huobi cryptocurrency exchange reported changes in the conditions for IEO, and officially announced the launch date and its first token data.
Editor: Yuliya Soroka