Andreas Townsend

8 months ago

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.

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.

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.

Coins Mentioned

BNB

Binance Coin

Leave a Reply

Your email address will not be published. Required fields are marked *

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

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.

1245 Articles
7255 Followers