Huobi Prime is a service by Huobi Global that focuses on identifying promising projects which it then lists on its global exchange.
The idea is practical in that it its focus is to provide a platform to premium projects for traders. For investors, Huobi Global offers the opportunity to take part in the development of future technologies.
The latest addition to Huobi Prime is Akropolis (AKRO), a tech company that seeks to provide alternative financial solutions to the already troubled financial systems run by various governments and private corporations globally.
Huobi Prime Has a Proven Track Record
As aforementioned, this is not the first project listed by Huobi Prime. Huobi has worked with three other projects in the past which were successfully released on the Prime platform.
Huobi Prime’s preceding project was RSV, the token running a platform that provides banking solutions especially to those areas with unreliable an insufficient banking infrastructure, a solution that is required, especially in third-world countries. RSV is currently trading successfully on Huobi Prime.
Before RSV, Huobi Prime identified Newton Project as a potentially influential platform. According to Coinidol, “Newton Project is the infrastructure for the community economy, whose vision is to create a freer, fairer, and more open global economy by providing a better means for community governance, collaboration, and motivation.” Its token was listed on Huobi Prime, and its progress is encouraging.
The TOP token was the first token listed on Huobi Prime. From the onset of the Huobi Prime listings, it was clear that Huobi were going for projects that would increase blockchain adoption worldwide. For example, TOP network provides solutions for businesses of any size that would want to adopt blockchain technology.
The following returns were achieved by previous Huobi Prime projects upon initial listing:
- Top Network (TOP) ~ 5.5x in USD from crowdsale price
- Newton Project (NEW) ~ 5.1x in USD from third-round IEO price
- ThunderCore (TT) ~ 2.7x from IEO price
- Reserve Protocol (RSR) ~ 2x in USD from second-round price
Akropolis (AKRO), the latest token selection by Huobi Prime, sticks to the pedigree attained by Huobi Prime. It is a promising project with the potential of encouraging global blockchain adoption.
Alternative Financial Solutions
The recession that hit the world in 2008 indicated the need to revamp the financial sector in an ever-changing business environment. Alternative financial methods are required to prevent any potential recession, especially in the wake of failing economies such as Venezuela and Zimbabwe.
The financial architecture needs a new status quo | Akropolis Design
Part of the problem is the centralization of financial services such that one major hindrance leads to the collapse of an entire economy.
Alternative methods provided by blockchain solutions prevent the centralization of financial services and distributes the power amongst all the people involved in the blockchain. Instead of having a central bank, or centralized banking systems, users on Akropolis can create their financial groups where they decide the rules of operation.
Because of the transparency of blockchain, it becomes easier for users to identify potential problems that they may encounter in the future which they can start mitigating early enough. The platform also offers alternative banking solutions to the unbanked without unnecessary requirements placed by centralized banking systems.
An alternative to the current identity and credit scoring system is also provided to enable users access funds they require without any unfair discrimination upon application of loans and other financial services.
Promoting Growth of The Industry
Helping projects grow is an essential part of creating an accepting environment for blockchain related services. Huobi Prime offers an excellent platform where potential life-changing blockchain solutions can grow to what they envision.
So far, Huobi Prime has listed three projects with Akropolis (AKRO) soon being the fourth project on its exchange. With the exposure and access to funds that Huobi is providing for these platforms, it won’t be surprising to see most, if not all, of the listed projects succeeding shortly.
Huobi remains one of crypto’s leading exchanges | Huobi Global
The decentralized industry requires more support from its core community. Their support can encourage support from communities outside blockchain as more people learn about the benefits of blockchain.
By supporting upcoming projects, exchanges also pave the way for future tokens likely to be listed on their platform. Every exchange would dream of hosting the next Bitcoin or ETH; however, this requires supporting projects right from the start.
Traders can learn more about the next listing here.
Trading Rules
Because Huobi Prime is likely the first platform, its identified projects launch, rules and regulations are essential. Huobi ensures, through the rules, that every eligible participant has a change of getting the latest tokens without anyone participant hoarding tokens.
Here are some of the rules listed on Huobi:
- To be eligible for participation, users are required to hold at least 1000HT from the 3rd listing (RSV) up until the new listing.
- Huobi maintains its two trading rounds as before.
- Trading can only be done via HT
These and more regulations are explained in detail on the Huobi platform, which can be accessed through here.
For interested users who are not registered on Huobi and would like to participate in future Huobi Prime listings, registration is done through here. Meanwhile, new users can still trade other tokens on Huobi global exchange.
The Akropolis Huobi Prime listing is fast approaching; for Huobi members yet to participate in the Prime listing and are qualified to purchase the tokens, you can access Huobi Prime via this link.
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Disclaimer: Please only take this information as my OWN opinion and should not be regarded as financial advice in any situation. Please remember to DYOR before making any decisions.
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