ICO News:Why Was TOP Network Selected As The First Project Launch on Huobi Prime?

By Raichel | Cryptopinapple | 25 Mar 2019

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On 19th March, Huobi announced the selection of Top Network as the first project to be featured in its own “Direct Premium Offering” platform Huobi Prime. Houbi prime is the newest innovation from the Huobi stable. Unlike other exchange launchpads, Huobi Prime will be using a DPO (Direct Premium Offering) model, not the regular IEO(Initial exchange offering model).

Speaking about Huobi Prime Leon Li, Founder and CEO of Huobi Group remarked

“Customer demand and user needs are at the forefront of everything we do here at Huobi. Huobi Prime is very much an extension of that. We’ve designed it from the ground up to be a more innovative, direct, and responsive way to access up and coming new tokens.”

As per Robin Zhu, COO of Huobi Group.

“Powered by Huobi Token, Huobi Prime will keep our brand at the forefront of the ever-changing digital asset marketplace.”

To put in a selling process in a nutshell, Coins listed in Huobi Prime will be having a three-round offering process. Each round, coins will be offered at a discounted price which will keep on increasing for the next round. For eg, a coin may sell for 30 per cent off during the starting round; maybe a 20% discount will be offered for the second round and the in the last round a discount of 10% only( These rates keep on changing project to project ).

All the tokens purchased during the DPO will be immediately available for trade soon after purchase against the Huobi Token. Yup, No waiting for tokens at all.

If you wish to read more about Huobi Prime. You can read it here

TOP Network, What makes it so unique?

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Launched in 2017, TOP Network is considered to be the world’s first open communication network powered by the blockchain 4.0 technology. The main focus of TOP network to usher blockchain revolution in the field of Communication services and to offers a wide variety of secure and low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.

One of the core strength of the TOP network is the team. Unlike other projects which enter the space with no product or zero experience but only a whitepaper, the team behind Top Network has already launched three successful communication apps namely Dingtone, a social and online phone call app, CoverMe an end-to-end encrypted messaging app and virtual private network app SkyVPN. As per the user base is concerned these apps have more 55 million users worldwide.

The existing user base and the proven product was one of the reasons Top Network was selected by Huobi Prime

Ross Zhang(https://twitter.com/ross_zhang), Head of Marketing for Huobi Group, 

“While we had a number of really strong candidates for Huobi Prime’s inaugural launch, we were really impressed by TOP Network’s ambitious business model, as well as the fact that it will be the first true high-performance public chain with a pre-existing userbase in the millions.”

One more positive factor that attracted Huobi is Top Network already has a private testnet which was launched at Stanford University in October 2018. So far, the TPS (transactions per second) is around 8664 with a single shard with BitVPN as the Demo DApp. TPS is expected to be in the range of 50,000 once the mainnet is launched.

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Team

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The TOP network has some of the best brains in the industry. The team is lead by Steve Wei who is the founder as well as the CEO. He is supported by a right mix of blockchain experts, Software programmers, Engineers etc.

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TOP network has a strong investor base and has secured almost $8 million USD from Private investors including Fenbushi Capital, Genesis, LD, Alphacoin fund etc.

TOP network has also entered into a partnership with Ontology who will be providing the underlying blockchain technology to develop the platform, help integrate the technology, provide a data exchange, data identity, high-performance smart contracts, and other services to build an open platform and ecosystem.

Token Metrics.

 

Total Tokens Supply: 20,000,000,000

Tokens For Sale: 4,400,000,000 (22%)

Token Price : HT pegged at 2.5 $

The First Round:1 TOP=0.000708 HT; 
The Second Round:1 TOP=0.000852 HT; 
The Third Round:1 TOP=0.001020 HT;

Conclusion

The best part of Top Network is their experience with successful projects such as Dingtone, Coverme, and SkyVPN. Unlike other just whitepaper projects, TOP is already ahead in the roadmap with a live product and are running tenets with promising results. These all make TOP Network an active project with a promising future.

You can reach and communicate TOP Network on:

Official Website: http://www.topnetwork.org

Telegram: https://t.me/topnetwork_top

Twitter: https://twitter.com/topnetwork_top

Medium: https://medium.com/@topnetwork

Steemit: https://steemit.com/@topnetwork-top

Reddit: https://www.reddit.com/user/topnetwork_top

Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

 


Raichel
Raichel

Decoding Blockchain for starters. Part of Huobi Global I Hacker Noon| The Start Up l Good Audience | Data Driven Investor etc !!!!


Cryptopinapple
Cryptopinapple

Blockchain for the starters

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