Huobi Prime IV: Using Huobi Tokens (HT) to Participate
It’s official. Akropolis will be the next project to launch on Huobi Prime. AKRO tokens become available to purchase for eligible Huobi Global users. The fourth edition of Huobi Global’s Direct Premium Offering (DPO), that commences on July 16, has a few tweaks which will be discussed in this article.
Akropolis proposes a decentralized finance (DeFi) solution to transfer value seamlessly between parties without a third party intermediary, like a bank, government or other types of financial institutions. Customers will keep control over their own assets while having the freedom to transact with it how they please.
Akropolis has been established because of the belief in a new upcoming and long overdue global financial crisis. Consumers can use Akropolis for decentralized financial services in which they themselves are in charge of their own data and have full control over what they do with their assets.
Huobi Global DeFi
Is it a coincidence that Huobi Global chose Akropolis to be the next project launched on Prime? On July 1st, Huobi Global announced a partnership with Nervos Network in order to build ‘FinanceChain’. FinanceChain is a blockchain platform to offer financial services. With a new narrative revolving around DeFi, Huobi stays on trend with the launch of Akropolis, that is also in the DeFi business.
Huobi Prime IV
After thorough research, Huobi Global will list projects on Huobi Prime that they feel are the best in the industry, with renowned institutional investors, highly professional experienced team members, as well as excellent tokenomics.
Users wanting to participate in Huobi Prime, need to hold a certain amount of Huobi Tokens (HT). For this fourth edition, the terms have slightly changed as eligible users need to hold a minimum amount of 1000HT from May 22nd until July 15. This new requirement means that users needed to hold a minimum of 1000HT from the previous Huobi Prime launch until the upcoming one.
HT has seen a steep price increase in the past few months. Since the price formed a bottom at $0.85, back in February, HT has made investors almost a 5x return on investment to date.
Besides using HT to participate in Prime, an array of additional benefits makes HT a profitable long term hold, especially against other highly fluctuating altcoins.
Huobi Token benefits
Trading fee discount
A relatively new feature for HT holders is the trading fee discount. The discount is based on the amount of HT a user holds in his account and the 30-day average trading volume. For individual Huobi Global traders, the discount can run up to 65%. As can be seen in the graph above.
Users also benefit, because of the elaborate buy-back program. Huobi Global pledged to buy back HT worth 20% of the total revenue earned on trading fees, each quarter, on Huobi Global as well as on Huobi DM. This buyback means a decrease in circulating HT supply, which generally means a higher token price.
On regular occasions, HT holders receive airdrops of newly listed coins or they automatically get airdropped tokens as a promotion. These airdrops can really add up if you are a large token holder.
Participation in Huobi Prime
HT holders, that hold 1000HT have the right to participate in Huobi Global’s token offerings called Huobi Prime. So far, Huobi Prime has been very profitable to prime participants that sold the token after the launch.
Huobi Fast track
Previously known as Huobi Prime Lite, Huobi Fast track is the platform to launch highly anticipated blockchain projects as they premiere on an exchange. HT holders can vote to get their favorite projects listed on Huobi Global. Users that voted on the project that will be listed on the exchange have the ability to buy those project tokens at a 50% discount, based on the amount of HT they voted with. HT are returned to Huobi Global users after the voting process is finished.
Huobi Prime has been profitable to initial investors during all the previous editions. I believe this time, won’t be different. Decentralized finance is a hot topic and it would be great if financial services can be acquired without having to always go through banks and other centralized institutions. Akropolis looks like a solid project.
Huobi Token has been going strong in terms of price increase over the past few months. The demand for exchange tokens, like HT, isn’t going anywhere soon, in my opinion. Huobi Global keeps finding new ways to make the token more valuable, including executing a quarterly buyback and burn event.
If you wish to register at Huobi Global and you want to become an eligible Huobi Prime member, start by registering for an account through the link below:
Disclaimer: I would like to state that I am being incentivized by Huobi for writing this article. This article is not intended as investment advice. You should always do your own research. All the information provided in this article is based on my own personal opinion. During these challenging market conditions, I strongly urge everyone to thoroughly research projects to potentially invest in. If you do decide you want to invest, only invest money you can afford to lose.
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