Huobi To Join IEO Hype; The Date Of The First Token Sale Is Announced

The Huobi crypto exchange officially announced the imminent launch of the Initial Exchange Offering (IEO) platform called Huobi Prime, which is expected to host their own token sales. Huobi Prime officially starts on March 26, 2019.

Huobi advertises its platform as "a brand new blockchain project evaluation model “SMART-Chain 2.0”, and will review and select the best digital assets to be listed on our exchange based on such model." In the announcement, Huobi also notes that users will be offered investment opportunities at a low cost, and the risks of asset trading will also be minimized.

Announcement: We’re happy to announce that on Tuesday, March 26,Huobi Prime, a better path to #premium coins, will go live. Among other benefits, Huobi Prime lets you #trade your coins immediately. We call it the #DPO (Direct Premium Offering) Model. Info:https://t.co/O7z2rlINK2 pic.twitter.com/lWTyjjSQo4

— HuobiGlobal (@HuobiGlobal) 20 марта 2019 г.

An official statement also contained the details of the first token sale project, called TOP Network (TOP), which starts on March 26. It is notable that Huobi wants to implement a function that will require users to hold 500 Huobi tokens (HT) for thirty days before the start of the sale. This rule will not be applied to the upcoming TOP Network token sale.

Image courtesy of TOP Network Medium blog