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Huobi's Crypto Exchange To Launch Token Sale Platform

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Singapore-based cryptocurrency exchange Huobi Global announced that its token sale platform will be launched next week.

Huobi Global will officially launch "Huobi Prime" selective token listing channel on March 26.

Huobi Prime enables purchases via its native Huobi Token (HT), and allows purchased tokens to be instantly traded in HT markets.

Huobi Prime said it will offer its users investment opportunities at low cost, and minimize risks in trading digital assets.

Huobi will source top non-security blockchain assets worldwide and directly list against "HT" trading pair for public trading.

To ensure fair price and to avoid potential risks brought to users by severe volatility, the company will introduce a "Price Limit" feature, consisting of three rounds of 30 minutes each.

While users will get early access to coins at below market prices, individual purchases made through Huobi Prime would be capped at the equivalent of $1,000 in Huobi Token.

The first token set to launch on Huobi Prime will be Top Network (TOP), the native cryptocurrency of TOP Network's public blockchain project.

Sale of TOP token will go live on March 26. There will be 20 billion TOP tokens for sale.

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