Have questions on how to participate in the Huobi Prime launch of NEW, the native token for the Newton Project? Curious about the changes we’ve got in store for our second launch?

Not to worry. We’re here to help.

Today we’ll take you through how to use Huobi Prime (in three simple steps) and then walk you through a few of the key changes we’re putting in place this time around – among them, a change that should help ensure that all qualified participants get at least some of the premium coins they desire in our third round.

Step 1: Getting Ready: Do You Have Enough HT?

Before you do anything else, you’ll want to make sure you’ve got enough Huobi Token (HT) on hand.

Partly in order to help manage what could be overwhelming demand for premium tokens this time around, a modified version of our 500 HT rule will be in effect. What this means is that participation in Huobi Prime is limited to users with an average daily holding of 500 HT or more over the 30 days prior to launch.

TIP: Don’t have 500 HT? You can still take part – though you will have to establish a larger up-front holding of HT on our platform.

You can check your current eligibility – as well as how much HT you’ll need to qualify if you don’t already – through our instant status checker tool here. Alternatively, simply consult our handy chart below:  

Also, do bear in mind that each user will have a cap on how much NEW they are allowed to purchase. Again, this is dependent on your HT holdings.  

The limits will be as follow:

Average Daily Holding(HT)Trading Limits(USDT)
500400
1000800
15001200
20001600
25002000

Step 2: Get Set!

Before the launch of a new coin through Huobi Prime, a Huobi Prime countdown clock and banner will appear when you log into your account at www.HBG.com and a smaller Prime banner will appear on the mobile Huobi app.

Your desktop or mobile screens should look like this:

(Any information or prices contained in this screenshot is for purely illustrative purposes only.)

To access the Prime trading page, click on the Prime banner. This should take you to the Huobi Prime trading page as seen here:

(Any information or prices contained in this screenshot is for purely illustrative purposes only.)

TIP: we recommend accessing the Prime page at least an hour before the countdown clock reaches zero and trading officially starts. In the case of our launch of NEW, that means being logged in at 19:00 (GMT + 8) on Tuesday, April 16 for our 20:00 launch.

Step 3: Start Trading

Once the countdown clock hits zero, active trading on Huobi Prime will begin. As before, trading will take place over three price limited rounds.  Unlike our launch of TOP, however, the rounds will take less time to complete. Each round will consist of five minutes of active trading (or until the supply of tokens runs out) with five minute intervals in between.

50% of our supply of NEW will be available on a first-come-first-served basis for the first two rounds (so you may need to be very fast in order to make purchases if demand is high).

The final 50% of NEW will be reserved for a very special third round (more on that below).

Before we get to that third round, however, let’s go through how exactly to make trades. It’s really quite simple. Once active trading begins in any given round, simply enter the amount you desire and click the “Buy” button.

A window with a slider will pop up. It’s there to prevent bots from abusing the system. Using the slider is actually quite simple; simply click on the button and slide it to the right (for desktop)  or to the target (for mobile) in order to authorize your purchase.

(NOTE: Actual appearance of sliders may vary and any information or prices contained in this screenshot are for purely illustrative purposes only.)

After the three Huobi Prime trading rounds have ended, the new token will officially be listed on Huobi Global and can be traded freely.

On Our Special Community Round:

We listened to your feedback and read your comments after our first launch. One thing that definitely resonated with us is the frustrations many felt about how quickly TOP tokens sold out due to overwhelming demand and limited supply.  

In order to address this – and to ensure a greater number of premium coins are spread across a greater number of our users – we’ll be instituting an special Community Round for our third round of NEW trading.

In essence, the way it will work is this: all qualified participants who place buy orders in this round will have their orders at least partially filled via adjusted system matching. How much each trader gets is dependent on the number active traders we have in that round. The bottom line, however, is that all traders will get some of the tokens they desire.

Do note that orders must be placed at the highest buy price in order to be partially filled and the amount filled will be positively correlated to the size of the order. Orders will be filled based on the following formula:

One final note; we will be dedicating a full 50% of our supply of NEW tokens — all 1,000,000,000 of them —  to that third round.

That’s it. That’s all it takes to buy tokens on Huobi Prime Good luck and see you on the 16th!

Disclaimer: Huobi Prime will not, under any circumstances, make price forecasts or representations as to the asset’s investment characteristics. Huobi Prime will not provide any trading or financial advice and Huobi Prime users should conduct independent analysis including, where appropriate, taking third party legal, tax and financial advice.  Huobi Prime is limited to users from jurisdictions where digital asset trading is a permissible activity and no regulatory restrictions apply.

Posted by Editor