Singapore based Huobi is all set to follow on the footsteps of Binance and Bitrex and launch a premiere coin offering services, which would enable the investors to invest in promising coins even before they go public and get listed on exchanges.
The platform would be called Huobi Prime and let a selected bunch of users to buy select coins before they go up for ICO or get listed on any exchange. The criteria for selecting such coins would depend on the quality of the product, the team behind it, the financial backing and whether the coin has the potential to get listed on major exchanges. The service is set to launch by March 26th.
The firm explained the listing process on its Huobi Prime platform,
“Listing through Huobi Prime will involve three rounds of coin offerings, each lasting an hour, The price of the coin will be capped in each of the three rounds (though the cap will rise as time goes on).”
The founder and CEO of Huobi, Leon Li said that the access to high-potential digital assets at a discounted rate would benefit the traders and help the ecosystem to grow.
The Aim Behind the Creation of Huobi Prime
The Huobi Prime would follow on the footsteps of Binanace to launch the premium token offering platform where the users would be allowed to invest up to $500 for the unreleased digital assets. Apart from that, the platform would support Huobi local token HT and any other token which it had supported on its exchange.
The Huobi prime network might favor a loyalty reward program than a completely token selling platform. Users who are willing to participate in the “Pre”-pre-sale of tokens need to have had 500 HT tokens 20 days prior to the launch of the platform.
The Huobi team says that it would provide equal opportunity to any investor as well as the whales to participate in the program and avail the potential valuable assets at a 30% discount.
Ross Zhang, Huobi’s head of marketing said,
“We want to ensure that those that do take part in Prime are legitimate users who are actively involved and invested in our ecosystem.”
If things go as planned Huobi can join the elite list of pre-offering tokens by binance and Bitrex.