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Huobi Prime successfully completed its first-ever token sale earlier today. The initial offering of $3.4 million worth of TOP crypto tokens sold out, with its first round completed in just seven seconds.
Huobi Prime is the exchange's own version of Binance Launchpad, offering a platform to enable other crypto projects to sell tokens. Announced at the start of March, this isn't the first time a major trading platform has followed Binance's lead, with OKEx soon to launch its own version of Binance Chain, OKChain, which will support its own DEX.
Read more: Huobi set to release Huobi Prime - its take on a token launch platform; OKEx follows Binance in developing its own blockchain - OKChain
Huobi Prime phase of $TOP's launch is over. TOP/HT can now be freely traded on Huobi Global with both limit and market orders. Stay tuned for the opening of TOP/USDT and TOP/BTC pairs soon. #HuobiPrime #HuobiToken $HT $TOP #DPO
— HuobiGlobal (@HuobiGlobal) March 26, 2019
Entry into this TOP sale required users to hold 500 Huobi Tokens (HT) on the exchange for at least 30 days prior to launch, and users' HT tokens were then traded for TOP. The first round of 300 million TOP tokens sold out in an incredibly short space of time, and a total of 1.5 billion were sold, which amounts to 75 percent of the total supply. The TOP Network offers a messaging service which is billed as "the world's first decentralized open communication network".
1,500,000,000 TOP sold out! As the first project on Huobi Prime, TOP Network did not let down! A big shoutout to the community and our supporters for making it possible! Together, we take TOP to the TOP! @HuobiGlobal pic.twitter.com/AoDoZvtApK
— TOP Network (@topnetwork_top) March 26, 2019
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