Changes are in the works to help ensure that demand is better matched to supply and that more tokens are distributed to a wider group of traders.
Big changes – and a brand-new token – are in store for the second coin launch of Huobi Prime on Tuesday, April 16. In addition to selecting NEW, the native token of the Newton Project, for the launch, Huobi will be enacting a number of changes aimed at ensuring that more traders get a larger proportion of coins and supply is better matched to demand.
“User experience and customer satisfaction are key for us so this is just part of what will be an ongoing process,” said Ross Zhang, Head of Marketing for Huobi Group. “We will evaluate the response to each launch we do and strive to keep making Huobi Prime better and better.”
The changes will include:
- Special Community Round: 50% of NEW tokens will be set aside for the final round of trading. All qualified participants who place orders in this round will have their orders at least partially filled via adjusted system matching. To put it another way; all qualified participants will get at least some of the tokens they desire.
- A Modified 500 HT Rule Will Be In Effect: Users will also be required to have an average daily holding of at least 500 Huobi Token (HT) 30 days before the launch – or, failing that, a larger amount closer to the launch – in order to qualify for participation.
- Shorter Trading Rounds: Rather than having 20-minute trading rounds with 10-minute intervals in between, rounds will be shortened to 5 minute periods of active trading with 5-minute breaks in between.
For more details on the rule changes, visit: https://bit.ly/2K4tpJC
As always with Huobi Prime, the upcoming launch of NEW will mark the first time the token has been offered on a major exchange. Newton Project’s vision for their public chain is to create a freer, fairer, and more open global economy by providing a better means for community governance, collaboration, and motivation. NEW can currently be used on Newton’s digital wallet NewPay, and, as the Newton ecosystem develops, for a wide variety of other use cases as well.
Newton Project’s advisors include Theodore Gray, Co-Founder of Wolfram Research and Creator of the Mathematica Notebook System; Li Songbo, former CTO of Sina and Partner at DFJ Venture Capital; and Masanari Koike, Visiting Fellow at the Department of Social Sciences, Research Center for Japanese Studies at Tsinghua University. Investors include BlockVC and Liu Jun, Co-Founder of Lightinthebox as well as others.
What Makes Huobi Prime Unique?
Huobi Prime is a significantly new innovation. It offers users a number of key advantages, including:
- All coins purchased through Huobi Prime are immediately deposited into user’s accounts and are tradable on Huobi Global against Huobi Token (HT), our native token. No need to wait for presales or similar delays.
- Rigorous screening and selection processes to ensure only premium projects that have yet to be listed on any major exchange are included.
- Early access to coins at below market prices.
- Access for both big and small players. Huobi Prime will be open to retail users, not just professionals or VIPs.
- In order to mitigate periods of extreme volatility when the market opens, and to reduce the risk of adverse impacts on users, we have also added a period of tiered price limits.
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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.
About Huobi Group: Consisting of ten upstream and downstream enterprises, Huobi Group is the world’s leading blockchain company. Established in 2013, Huobi Group’s accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. Find us at www.hbg.com
For more information on the new token launch, please visit https://bit.ly/2UHVCKm