Huobi Prime’s Inaugural Launch: TOP Network’s TOP Price Jumps Over 500%

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A total supply of 1.5 billion TOP Network tokens completely sold out within 19 seconds of active Prime trading.

SINGAPORE,
March 27, 2019 – Huobi
Global passed a milestone yesterday, launching a better way to provide
the crypto community with access to cutting-edge projects at discounted
rates.
Huobi Prime went live at 21:00 (Singapore Time) on Tuesday, March 26,
offering TOP, TOP Network’s native token to the first ever batch of
Huobi Prime users.

Our
inaugural launch was met with enormous demand, with 3,764 users buying
1.5 billion TOP Tokens using Huobi Token (HT). The total supply of TOP
tokens offered
was sold out for all three rounds of trading, with the first round
selling out of available tokens in 7 seconds, the second round in 5
seconds, and the third in 7 seconds.

“While
we knew Huobi Prime’s inaugural launch of TOP would be popular, even we
were amazed by the overwhelming response,” said Ross Zhang, Head of
Marketing for
Huobi Group. “We were thrilled to hold our opening launch with our
great partners at TOP Network and we are humbled and honoured by how
many people wanted to take part.”

Top has now been fully listed – and is freely tradable – on Huobi Global in the form of TOP/HT, TOP/BTC, TOP/USDT. 

Acknowledging
that only about 3% of the 130k participants were able to purchase TOP
as a result of the overwhelming demand by some users, Zhang said that
plans
are already underway to implement improvements for future Prime
launches. “We hear your concerns and we’re already working on ways to
address them,” he said. “Our goal remains making Huobi Prime the premier
place to access premium coins for the broader crypto
community, not just the few.”

Zhang
also addressed concerns about the verification slider Huobi requires
users to use to complete purchases. “The slider is an anti-script and
anti-bot safety
mechanism and it is one of the standard methods we use to ensure
trading is fair and equitable. We’ve found it to be quicker and easier
than the more common CAPTCHA method but we will evaluate it as we
continue to improve the user verification experience.”

Highlights of TOP Launch:

  • Total participants: 130,000 (Approx.)
  • Total numbers of people who bought TOP: 3,764
  • Percentage Increase For TOP: 505.8% (as calculated from the 1st round of Prime to 12AM)
  • Ceiling Price for TOP in Each Round:
  • First Round: 1 TOP=0.000708 HT 
  • Second Round: 1 TOP=0.000852 HT 
  • Third Round: 1 TOP=0.001020 HT
  • TOP Sold (Overall Total):
    1,500,000,000 allocated for Prime trading (7.5% of Total Token Supply)
  • TOP Sold (By Round): 1st Round:
    300,000,000 TOP (Sold out in 7 secs) / 2nd Round:
    450,000,000 TOP (Sold out in 5 secs), 3rd Round:
    750,000,000 TOP (Sold out in 7 secs).

About Huobi Prime:

As a coin trading platform, Huobi Prime is a significantly new innovation and offers a number of key advantages, including:

  • All coins
    purchased through Huobi Prime are immediately deposited into user’s
    accounts and are tradable on Huobi Global against Huobi Token (HT), our
    native token. No need to wait for presales or similar delays.
  • Rigorous
    screening and selection processes to ensure only premium projects that
    have yet to be listed on any major exchange are included.
  • Early access to coins at below market prices.
  • Access for both big and small players. Huobi Prime will be open to average users, not just professionals or VIPs. 
  • In order to
    mitigate periods of extreme volatility when the market opens, and to
    reduce the risk of adverse impacts on users, we have also added a period
    of tiered price limits.

For more information on Huobi Prime and how it works:
https://bit.ly/2TPtOUW

For more information on TOP and TOP Network:
https://bit.ly/2FDwaxz

Disclaimer:
Huobi Prime will not, under any circumstances, make price forecasts or
representations as to the asset’s investment characteristics. Huobi
Prime will not provide any trading or financial advice and Huobi Prime
users should conduct independent analysis including,
where appropriate, taking third party legal, tax and financial advice. 
Huobi Prime is limited to users from jurisdictions where digital asset
trading is a permissible activity and no regulatory restrictions apply.

About Huobi Group:
Consisting of ten upstream and downstream enterprises,
Huobi Group is the world’s leading blockchain company. Established in
2013, Huobi Group’s accumulative turnover exceeds US $1 trillion. It
proudly provides safe, secure, and convenient cryptocurrency trading and
asset management services to millions of users
in 130+ countries. Find us at www.hbg.com

For enquiries please contact:
[email protected]                                               

Official Blog announcement:
https://blog.hbg.com/huobi-primes-inaugural-launch-top-networks-top-price-jumps-over-500/

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