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TOP Network is a blockchain with an array of service-level infrastructures, including decentralized cloud communication services. TOP aims to build a business-friendly blockchain platform that handles real-word business of any type, size or volume.
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Soft cap
6,000,000 USD
Hard cap
15,000,000 USD

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The ICO’s Comeback? IEOs Raised $262 Million In 6 Months

CoinGecko published its crypto market report for Q2 2019. The document reveals that Initial Exchange Offerings (IEOs) are on the rise with 72 projects raising a total of $262 million in the first half of 2019. Binance’s Initial Exchange Offering Platform, Binance Launchpad, started the “IEO frenzy” in January 2019, raising $7.2 million in 14 minutes for Bittorrent. ‘IEOs Seem To Have a Ceiling of $20 million’ While the average amount that Initial Exchange Offerings raised in H1 2019 was $3.7 million, the report revealed that the sums varied severely from project to project. The smart contract platform WaykiChain collected the largest sum, raising $18.5 million, followed by Lambda ($16.4 million), Poata Token ($15.4 million), Blockcloud ($15 million), and Top Network ($15 million). Only these projects managed to get funding above $10 million through their IEOs, representing 31% of the amount raised in the first half of 2019. “IEO projects seem to have a ceiling of $20 million in amount raised,” the report reads. Upcoming and Recent IEOs Name Status Date Binance Launchpad Elrond Network finished 01/07/19 More Infromation ﾿ IEO on Bitforex Blockium finished 20/06/19 More Infromation ﾿ IEO on Probit Guider finished 01/06/19 More Infromation ﾿ IEO on Crypton Crypton finished 30/05/19 More Infromation ﾿ Binance Launchpad Harmony finished 27/05/19 More Infromation ﾿ Binance, Gate.io Lead The Way CoinGecko’s research shows that the amount raised in IEOs not only differs by the project but by the exchange were the token sale was hosted. According to the study, approximately 50% of the IEO funds have flowed into the top five crypto exchanges with Gate.io, Binance, Okex, Huobi, and Bittrex leading the way raising $47.6 million, $27.2 million, $24.3 million, $22.7 million, and $16.9 million respectively. The researchers have compared how different crypto exchanges have performed based on the ROI of the IEOs launched on their platforms. Surprisingly, the cryptocurrency exchanges ZBG and ZB are in the lead (with an ROI of 820% and 553%) with Binance (513%), Gate.io (505%), and Hotbit (320%) following them. Despite their high-performance IEOs, both ZBG and ZB had only launched one IEO project, the researchers explain. Therefore, CoinGecko considers Binance and Gate.io as the top crypto exchanges for IEOs. An interesting fact about IEOs is related to the Bitforex crypto exchange that launched eight IEOs on its platform – the same number as Gate.io. Despite having the most Initial Exchange Offerings among all exchanges, Bitforex’s ROI is in the negative with the average Return on Investment being -37%. Top Winner Gained 1,800%, Loser Lost Over 90% Despite the fact that only half of the IEO projects are profitable, if one managed to invest in all of them, he would still gain 44% ROI.   The top gainers include Lambda (1,874%), Mixmarvel (1,249%), Lichang (1,138%), Bittorent (1,068%), and Global Trading System (820%) while the coins of IEO projects like Facepower and Aivia have lost over 90% of their value since their token sales.         The post The ICO’s Comeback? IEOs Raised $262 Million In 6 Months appeared first on CryptoPotato.
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Binance leads IEO performance as exchange’s Launchpad token sales outpace competing platforms

Binance, the largest cryptocurrency exchange in the world, is firmly establishing itself as the top dog in the initial exchange offering [IEO] market. Following the launch of several successful tokens via their launchpad, competing platforms are nowhere in sight. With BitTorrent [BTT] and the Matic Network [MATIC] shooting for the moon, Binance has strengthened its position as a big player in the IEO space, among competing platforms backed by the likes of OKEx, Huobi Global Kucoin, and Bittrex. According to data released by Ceteris Paribus, Binance registered a whopping 501 percent return from their token sales. Most of their token sales have been successful, with MATIC, BTT, and Fetch AI [FET] offering 870 percent, 869 percent and 128 percent return, respectively. Source: Twitter Similarly, the current Return on Investment [ROI] for the tokens was 13.8x [BTT], 11.0x [MATIC], 3.3x [CELR], and 3.2x [FET]. Binance’s rival Maltese exchange, OKEx, took the second spot, amassing 272 percent returns on their token sales, the most notable of which were from Blockcould [BLOC], recording 399 percent return and Allive [ALV] with 145 percent increase. Their ROI stood at 5.7x and 2.4x, respectively. Huobi Global took the third spot, despite having the token Top Network [TOP] enjoying 417 percent returns with 3.8x ROI, while Newton [NEW] accounted for 106 percent increase with an ROI of 2.3x. Source: Twitter Matic is undoubtedly the hot topic in terms of token sales via IEOs, with many notable crypto-influencers stating that any correction would not thwart Binance’s long term ambitions for the token. Jonathan Habicht, Founder of BlockFyre, chided the “dump” that pushed the coin’s price down by 41.72 percent and foretold that it would “start pumping again.” He added that Binance will push the token till it enters the “top 50,” thus portraying the prowess of their IEO. The BlockFyre Founder added, “The $Matic dump was brutal but I have a feeling that it will start pumping again. Don’t take my word for it but I believe, Binance will not let this thing go until its in the top 50. They want to showcase that their IEOs are successful. Wouldn’t buy the dip though, too risky.” At press time, the Matic Network occupied the 87th spot on CoinMarketCap, the crypto-market aggregator. The MATIC token surged by 22.6 percent over the past 24-hours, while the seven-day price gain was in the region of 235.44 percent. Its market capitalization stood at $65.28 million. Interestingly, apart from BTT, MATIC, CELR, and FET recorded similar performances, when measured against the top cryptocurrency, Bitcoin, as the below charts reveal. Source: Reddit   The post Binance leads IEO performance as exchange’s Launchpad token sales outpace competing platforms appeared first on AMBCrypto.
AMBCrypto

Huobi Announces the Launch of Advanced, Super Fast IEO Platform

Coinspeaker Huobi Announces the Launch of Advanced, Super Fast IEO PlatformThough the concept of Initial Exchange Offering is still considered to be a rather new one, Singapore-based cryptocurrency exchange Huobi Global is already not a new player in this sphere. And now it is going to launch its second IEO platform.Huobi PrimeAs Coinspeaker has reported earlier, a month ago, on March 26, the exchange launched its selective new coin launch platform dubbed Huobi Prime. The platform was built to provide its users with wide cost-efficient trading opportunities. The platform promised to conduct attentive project review and filtration before listing, introduce zero trading fees and apply a unique price limit mechanism.Since its launch, the platform has even hosted several IEOs. The first token listed on Prime was was  TOP, the native token of TOP Network that is a public blockchain platform built for real-world business of any volume and size. Nevertheless, the activity of the platform is being criticized due to the fact that rounds were closed practically instantly and many participants didn’t manage to get tokens. As a result, the exchange was accused of scamming.Ultra-Fast Prime LiteBut it doesn’t mean that Huobi is going to give up. Now it’s actively working on the launch of an advanced IEO platform that will be called Prime Lite. The main idea of launching a new platform is to improve the listing service and satisfy the practical demands of different project teams. In other words, Prime Lite can be viewed as an ultra-fast version of the Huobi Prime.The launch of the platform is scheduled for May 9.“Get ready to get even more primed! BIG NEWS! Huobi Global will launch a streamlined version of Huobi Prime soon. We call it Prime Lite! ThunderCore will be our first project,” Huobi told its followers via a Twitter post.Prime Lite will have rather strict listing requirements, nevertheless, they will be similar to those that have been applied by Huobi Prime. Projects that are seeking listing through Prime Lite need to meet all the thresholds for Smartchain v2.0 evaluation model.However, it doesn’t mean that there won’t be any differences between these two platforms. If we compare these both platforms we will see the following differences. Prime Lite will have a shorter listing cycle and more flexible listing schedule. Users will have the possibility to enjoy more flexible trading allocations.But maybe the most important peculiarity about the new platform is its plans to burn all exchanged Huobi tokens to ensure the development of HT. As the company has already announced the first project to be on the Prime Lite platform will be ThunderCore (TT) that is working on the development of high-capacity blockchain. Total trading allocation reserved for the project is said to be roughly 500,000 USDT. According to the exchange, further details about the project as well as trading rules will be revealed later.Huobi Announces the Launch of Advanced, Super Fast IEO Platform
Coinspeaker

Crypto-Exchange trends: IEO, derivatives and stablecoins

How exchanges are capitalizing on these trends in 2019In the current market climate, with BTC going up to $5300~ in April, it’s worth taking stock of some real numbers and how exchanges are leveraging on them for that coveted billion or unicorn status.This is obviously not meant to be investment advice, I give better in person investment advice to accredited investors, that I can assure you.Starting with initial exchange offerings, otherwise known as IEOs, it’s the latest talk of town. While the model is not new, projects such as Top Network on Huobi Prime has attracted even a food delivery staff to open up his laptop at work to grab a coveted allocation. With IEOs on Binance selling out in minutes and each user only getting a small allocation, is this really worth it?Peeling back the covers, different stakeholders perceive the value of IEO to them differently.For projects, it’s a great mechanism for fund raising up to $10M. The awareness and combined push with exchanges help projects get noticed by a larger user base, often existing exchange users. After the conclusion of the IEO, project tokens will be open for trading nearly immediately on the exchange offering the IEO. This grants more predictability to the process and projects need not negotiate with each exchange after their own token offering. The time that projects save can perhaps be put forth to other work such as development and partnerships.For users, should they manage to get an allocation in the sale, have high hopes of doing well on the token from a speculation perspective. Because the projects are curated and fast-tracked to listing, they can also expect faster liquidity and more attention from other parties. Terms are also spelt out more transparently and they need not worry too much about others getting a better price than them — except the private sale or seed round investors of course. Some users employ automation to help them get their hands on some allocation.For exchanges, IEO provides an increase in projects that want to get out there for a raise. This provides a great additional revenue stream for listing fees and value added services. Should users know that they are offering a great IEO, there’s incentive for them to be more active users and thus increasing their site engagement. Trading volumes for their exchange and whichever token they require to be used for purchase will increase as well. As many exchange have their own exchange tokens, this will be beneficial to exchange token holders.There were many IEOs that were completed this year. Starting with BitTorrent token on Binance, many exchanges have started jumping onboard the IEO train. Most of the main Asian-affiliated exchanges like OKEx, Huobi, Coineal, Bibox have jumped into the fray in response to the 3 projects conducted on Binance Launchpad. Of the conducted IEOs, while the majority of them have hit their funding targets, there are many that have not. This tends to be projects with much less awareness on exchanges with relatively lower user traction. They also could be projects that have not raised sufficient private sale investment prior to the IEO. While some of the projects have raised previous rounds, there’s also readjustment to pre-sale investor lock ups that comes as terms with certain IEO listings.Some of the upcoming projects are Matic Network on Binance Launchpad, DREP on Gate.io, Duo Network on Bitmax and Ocean Protocol on Bittrex. The accepted contribution are usually a mix of USDT or exchange platform tokens. the models of contribution have also evolved from first-come, first-served to a ballot model on Binance with requirements on holding BNB for a specified period of time. Since it’s an exchange promotional activity, the exchanges have the right to set the rules of engagement and users have to evaluate for themselves if it’s worth the effort.Despite many of the tokens receiving huge interest and multiplying in dollar value by up to 10 times from the IEO price, we can see that trading volumes and prices decline after the initial listing. Overall prices and attention trail down for most of these projects over the following span of 30–60 days after their IEO. The snapshot is taken of the first few well known projects conducted on Binance Launchpad, Huobi Prime, OKEx Jumpstart and Bittrex.In the past 90 days, while Bitcoin prices have gone up by close to 30%, the exchange tokens of the top exchanges with IEO platform offerings have received a huge boost. Many of them are trading at a 90-day all-time-high with BNB even hitting its historical all-time-high. The increase in price of exchange tokens appear to be correlated with the announcement of various events such as IEOs on the platforms. The combined market capitalization of these exchange tokens are over $3B.Now that we’ve looked at one of the $B exchange trends, let’s move on to the next. Derivatives in cryptocurrencies have a great place in the heart of many with mentions of 100X leverage invoking strong fears of margin calls.A cryptocurrency derivative is basically a financial instrument whose value is derived from an underlying asset or other external information source such as funding rate. Futures, perpetual swaps and options are commonly traded on Bitmex, OKEx, Deribit, CME, Huobi and Kraken. Of the 6 exchanges mentioned, only CME is a regulated cryptocurrency futures exchange in the United States. The others primarily do not accept users from the US. For Bitcoin futures contracts, there are multiple durations of expiry of futures contracts with products expiring in a week, 2 weeks, a month, a quarter and even 6 months. As of yesterday when the snapshot was taken, the quarterlies were trading at a discount to the spot index.For regular businesses in the crypto space, derivatives are extremely useful for hedging their positions on mining and payments received from clients. Should they receive a large order paid in cryptocurrencies, they can execute a hedge fairly easily through a trader to ensure they are not subject to downswings in prices in the future.Cryptocurrency derivatives are heaven for speculators. With the underlying asset being extremely volatile and high leverage of up to 100 times on exchanges like Bitmex, with a relatively small amount of capital, should they get their bets right, they stand to gain a large amount of payout. Even if traders want to have a long position in Bitcoin, they can use futures to speculate against other cryptocurrencies such as Ethereum or Bitcoin Cash.On a daily basis, there are over $1B traded across multiple derivatives exchanges for Bitcoin Futures contracts alone. During times of price spikes such as on April 2, 2019, volumes can spike to over $10B in a 24-hour period. The current trading volume of futures is smaller than that of spot trading volumes. In traditional markets, derivatives trade at over 50 times their underlying asset in volumes, it’s clear there’s room to grow for futures in the cryptocurrency space. Given the volatility of cryptocurrency assets, this would mean that traders of cryptocurrency derivatives have to be extra careful in their trades to avoid liquidation. Exchanges would also have to make sure that to fully capture the market, they will have to continuously innovate in the space.With derivatives poised to help users capitalize on or hedge against volatility, stablecoins have an interesting position of ensuring low volatility. Counterintuitive as it sounds, low volatility stablecoins represent the third billion dollar trend for exchanges. When you trade BTC to USD on Bitfinex, you may not even notice it but you’ve just traded a stablecoin — USDT.Stablecoins are essentially cryptocurrency assets with a peg to another asset such as fiat currency, gold, cryptocurrency or a market system. The inherent design of having reserves or other mechanisms to stabilise price is what gives it the notion of being a stable coin. Primarily, it’s used by traders when they wish to speculate against the price of Bitcoin or other cryptocurrency assets. While they can be used to pay for goods and services, due to the lack of integrations, we rarely see stablecoins being used in our day-to-day lives.Stablecoins largely fall into three main baskets. Fiat or commodity collaterised stablecoins tend to mirror the price of USD, JPY, EUR, Gold, Silver or other real world assets. Crypto-collaterised stablecoins such as DAI have mechanisms against another cryptocurrency that’s required as deposit. Through the use of equity shares, bond structures and other market mechanisms, proposals have been put forth by projects such as Basis (discontinued), Fragment and Carbon to introduce non-collaterized stablecoins.USDT, the largest stablecoin by market capitalization currently sits at $2.6B. Assuming they have 1:1 reserve ratio, that will mean there’s about $2.6B sitting somewhere in a bank account somewhere in the world. USDT trading volumes over the past 24 hours sit at $11B, over 5X it’s total market cap.From the analysis by CryptoCompare for Q1 2019, we can observe that over 80% of trading of Bitcoin into fiat/ stablecoins result in trading via the stablecoin mentioned above — USDT. The other country currencies that are in demand are JPY, EUR and KRW. This is a good indication of the dispersion of trading volumes of cryptocurrencies across these multiple markets.With the various stablecoins in the market such as USDT, PAX, USDC, TUSD, DAI and GUSD, USDT still comprise up to 99% of trading volumes in Q1 2019. Since of the trading volumes of BTC is against USDT, trading via USDT indeed accounts for a significant percentage of total trading volume across all exchanges for all cryptocurrencies.USDT in circulation today are issued on the Bitcoin blockchain with the Omni embedded consensus system as the middle layer. Issuance, wallet and custodian is held by Tether Limited. We’ve also seen similar models and structures emerge in other fiat collaterized stablecoins such as TrueUSD, USDC, PAX and GUSD. Banks such as MUFG and JPM are also evaluating models in this area. It will be exciting to observe which of these implementations will gain the biggest adoption in the next 5 years.Hashtag Capital is a multi-strategy electronic trading fund for crypto assets. We capture alpha from quantitative cryptocurrency asset trading and strategic investment. We contribute back to the cryptocurrency and blockchain community by running a non-profit accelerator program and community events.https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefCrypto-Exchange trends: IEO, derivatives and stablecoins was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Ultimate list of IEO Platforms/Launchpads: TOP 15+ Exchanges

IEO Launchpads/PlatformsIEO Platforms Are Quickly Replacing Old-Fashioned ICOsWe’ve recently witnessed a transformation of the global ICO market from a dying model of projects issuing and selling tokens directly, to a completely new model whereby tokens are sold by exchanges which immediately list the tokens at the sale’s conclusion. This model has fittingly been called an Initial Exchange Offering (IEO), and although the first cases took place back in 2017 (Bread, Gifto) the trend didn’t really take off until the beginning of 2019.Essentially, an IEO is the same crowdfunding process as an ICO is, except that the project which issues the tokens and desires to raise capital relies on exchange to perform crowdsale rather than doing it themselves.Binance pioneered this tokensale method with multiple huge successes on Binance Launchpad, inspiring other market participants to begin developing their own IEO platforms as a result.At the present time we can count at least 15 exchanges which have either started supporting IEOs or announced that they are developing an IEO concept.So let’s go ahead and look atComprehensive list of exchanges with IEO platforms/launchpads:1. Binance LaunchpadBinance LaunchpadThe pioneering IEO platform, started operation in 2017 and became mainstream in 2019. A lot of successful cases including Bread, Gifto, Bittorent, Celer, Fetch and one upcoming called Maric.2. Huobi PrimeHuobi PrimeHuobi was actually the next major exchange after Binance which managed to perform successful IEO with the TOP Network project. They completed their first selective token sale event in a matter of seconds, with token prices surging by 250% immediately afterwards.3. OKEx JumpsmartOKEx JumpsmartAs one of the leading exchanges by trade volume, it’s no surprise that OKEx doesn’t want to be left out of the IEO trend. To ensure that they stay relevant, they’ve announced their own IEO platform, called OK Jumpsmart. So far there isn’t any public information about upcoming projects, but we can be sure that they are looking closely for new prospective projects to work with.4. Coineal LaunchpadCoineal LaunchpadCoineal is quite a big exchange with almost $700M daily trading volume and they’ve already jumped on the IEO train with their own Launchpad. Among already completed cases they have IPW Token, Levolution, and Kizuna Global Token. Another sale which is ongoing is Rebglo Token.5. ZBG LaunchpadZBG LaunchpadZBG Exchange is a side project of another major exchange, ZB.com, which was a newcomer in 2018 but quickly reached the Top 10 on CoinMarketCap. Although they have been accused of faking their trade volumes, nevertheless, ZBG has completed two IEOs on their own launchpad with V Systems and Kamari projects.6. BW LaunchpadBW.com LaunchpadBW.com is a core strategic partner of ZB.com exchange, a deeply-rooted crypto-exchange in the Asian market. BW Tokens Launchpad has supported three IEO projects to date, with two of them completed in the end of March 2019 (Blockbuster and V Systems) and one still ongoing (Grabity).7. CoinbeneCoinbene LaunchpadCoinbene was noticed talking about their own IEO platform already in 2018, but the first IEO launch was officially announced in March 2019. Since Coinbene is often listed among the Top 10 exchanges and has a big community, we might expect another successful case in IEO field from them.8. BGOGO ApolloBGOGO ApolloBGOGO is the first digital asset exchange with supernode listing authority. Now they are launching Apollo (IEO Launchpad) and have announced two tokensale events for ARM and X-Block projects.9. IDAX FoundationIDAX FoundationIDAX is a global digital financial service platform focusing on the needs of bitcoin traders with high daily trading volumes. IDAX has announced their first IEO for ZeroBank project, which will take place in April 2019.10. BitMax LaunchpadBitMax LaunchpadBitmax is a relatively new exchange complete with a new platform for token sales. Their first IEO project called DOS Network hasn’t done much to excite the community, and already there’s a sense that these projects may struggle to sustain their price once exchange listed. It’s early days for Bitmax Launchpad though, which may yet produce some winners.11. Bittrex InternationalBittrex InternationalThe long-established and popular exchange, Bittrex, announced their first IEO in February 2019. But the first and so far only IEO — for RAID project — was cancelled. Nevertheless, Bittrex is expected to pursue another IEO in the near future.12. Probit LaunchpadProbit LaunchpadProbit is not one of the major exchanges by trade volume, but they are seeking to distinguish themselves from other small-scale exchanges proliferating the market with their IEO support. There have been quite a few IEO cases hosted on their website already, but they were completed without nearly as much buzz as the Binance cases had. Among them: Spin Protocol, CharS, Wegen, Steemhunt and others.13. Latoken LaunchpadLatoken LaunchpadLatoken started their IEO launchpad a long time ago back in 2018 and have actively promotedthe projects listed on their platform. Just recently they announced a new IEO for the 7Eleven project.14. KuCoin SpotlightKuCoin SpotlightKuCoin is a former Top 10 exchange which have lost their position due to decreased trading volume of late. Nevertheless, they remain one of the best-known exchanges worldwide. Recently they announced their first IEO for the MultiVac project on their brand new platform, called Spotlight, which will take place in April 2019.15. Exmarkets LaunchpadExmarkets LaunchpadExMarkets platform is a new generation crypto-exchange providing thick order books and deep liquidity thanks to a backend framework. Exmarkets has 4 completed and 4 ongoing IEOs on their website. However, they have not published any results of the completed IEOs on their platform.16. CobinhoodCobnihoodUnlike other exchanges and market players which use the IEO term and perform tokensales through separate platforms/launchpads, Cobinhood remained loyal to the traditional ICO term and offers ICO services for the projects as a turnkey solution including business model optimization, tokenization, marketing and PR. So far there have been two completed cases — their own tokensale of the Cobinhood token and another project called CyberMiles.This list is assembled after studying IEO market during recent months and will be expanding with time. If you would like to recommend an IEO platform which is not in the list please share it in comment section.If you enjoyed this compilation, please clap👏 and share to help others find it. Feel free to leave a comment below.https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/hrefUltimate list of IEO Platforms/Launchpads: TOP 15+ Exchanges was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Huobi Prime – The Beginner’s Guide: How To Invest In Token Sales

It goes without saying that so-called Initial Exchange Offerings (IEO) are catching up to speed. Following the success of Binance’s Launchpad platform, other exchanges have jumped on the bandwagon, setting up variable solutions of their own. Huobi Global was no exception. Huobi’s exclusive token listing platform is called Huobi Prime, and it promises to deliver something different to Binance Launchpad and other alternatives. Instead of launching tokens at a predetermined price, Huobi Prime lists them for direct market trading. However, users are only allowed to trade the newly listed tokens against Huobi’s native cryptocurrency – the Huobi Token (HT). The entire process goes through three separate trading rounds, each one of which has its highest traded price capped to limit volatility and reduce investor’s risk. Once the three rounds of limited trading are finished, the exchange lists the new token for unlimited and regular trading immediately on its conventional cryptocurrency exchange. The platform already has one selective token listing successfully completed. It was for the TOP Network project. The three rounds were completed in less than 20 seconds, selling a total of 1,500,000,000,000 TOP tokens. Name Date Hardcap TOP Network (Huobi Prime) 26/03/19 $15.0/15.0 M(100%) The process is incredibly simplified, but it’s important to understand it precisely to stand a chance in the high-demand buying race. So, let us walk you through the process of participating in the so-called “Selective Token Listing” on Huobi Prime. There are a few key considerations you have to be aware of. These are: Preparing for the Selective Token Listing Understanding Price Limit Rounds Trading During Price Limit Rounds Preparing For The Selective Token Listing on Huobi Prime (Requirements) Step 1: Before each event, you have to confirm your eligibility. To give priority to HT holders, Huobi Prime has a requirement that everyone must have an average daily holding of 500 HT for 30 days before the Huobi Prime trading session. However, they’ve also made it clear that this may vary based on the price movement of HT. Any changes will be disclosed at the appropriate time. Users will be able to check their average daily holdings of HT for the past 30 days on dedicated screens, which look like this: As you can see, the screens clearly show your daily holding average and whether or not you would be able to participate in the listing. Furthermore, at the top you can see your trading limit – it shows how many tokens you will be allowed to buy during the listing process. Huobi has stated that the limit is going to be set at 1000 HT to avoid whale behavior. Naturally, the KYC requirements for Huobi’s traditional cryptocurrency exchange are in force for Huobi Prime as well. Step 2: Be Ready! As we said above, the first Selective Token Sale of TOP Network was completed in less than 20 seconds! You have to be very quick! On the day of the event, all you have to do is log in to your Huobi account and click on the “Exchange” button right at the top of the navigation menu. As soon as you do, this is what you’re going to see: On the left side, as well as on the right, you will see a timer countdown. It shows how much time you have left until the beginning of the listing. As soon as the clock shows 00:00:00, the first Price Limit round will begin. What Are Price Limit Rounds? As we mentioned before, Huobi uses a different path compared to Binance Launchpad and other IEO platforms. In an attempt to foster “fair” price discovery and to reduce the risks that severe volatility brings to investors, the platform introduced the so-called “Price Limit” rounds. There are three rounds of this kind, each one of which lasts for exactly 20 minutes. After each round, there is a 10 minute period of clearance, when Huobi distributes the tokens as per the market orders. It’s important to know that users are only able to trade against HT in these rounds and to place only regular market spot orders. Hence, you won’t be able to use limit orders until the three rounds are finished. Also, the highest tradable price of each subsequent round will be no lower than that of the previous round, which is essentially where users can profit. Trading During Price Limit Rounds As we said in the beginning, the entire process is particularly simplified. During the three Price Limit rounds, users only have to enter their market spot orders with the desired amount of tokens to be bought. This is how the interface looks: As you can see, you will be able to buy and sell tokens. In this example, we’ve used TOP because it is the only event that has already passed on Huobi Prime. If you want to BUY tokens, you have to put in the desired amount and simply hit the BUY button. You can also use the percentage markers to make it even easier. The same is true for selling. If you want to SELL – input the amount you want to sell and hit the SELL button. Regardless of your choice, after you hit the respective button, you will have to go through a rapid slide authentication. It looks like this: Do this, and your order will be processed. After that, you have to wait for the end of the round and Huobi will clear the order, reflecting the changes in your balance sheet. That’s everything there is to it. After you have gone through this, you can wait for the three rounds to finish, after which you can start trading the new tokens freely on Huobi Global, just as if you are trading any other supported asset. Pros and Cons of Huobi Prime Pros: Highly simplified participation mechanism No waiting period to begin trading Profitable model giving benefits to early participants Access to below-market prices Cons: High buying demand, making it hard to buy tokens Slide verification captcha makes it harder to buy tokens in time Requirement for a daily holding of at least 500 HT on average Conclusion In general, Huobi Prime manages to deliver straightforward access to new tokens and introduces a model which profits early investors. However, it’s also worth noting that the first selective token listing of TOP Network was accompanied by a number of technical issues and a lot of users weren’t able to take part because of the high demand and the platform’s inability to cope with it. Should Huobi Prime find a way to cope with the incredible demand, it can become an exemplary platform bringing many benefits to both investors and projects seeking funding.   The post Huobi Prime – The Beginner’s Guide: How To Invest In Token Sales appeared first on CryptoPotato.
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ZB LaunchPad’s First Token Sale Sold Out in 12 Seconds, Will the IEO Craze Continue

ZB.Com Launchpad has completed its first token sale on Mar.27. The initial offering of 21 million VSYS was allegedly sold out in just 12 seconds, becoming another sensation in the crypto community after Huobi Prime’s first token sale project net $3.4 million in 19 seconds a night before. Cheer! ZB First LaunchPad @VSYSCoin token sale is finished in 12 seconds.Stay tuned! VSYS/QC, VSYS/BTC and VSYS/ZB trading will be available at 2019/03/28 16:00 (UTC+8).#ZB #Cryptoexchange #Cryptocurrency pic.twitter.com/EtkHQKsfRu — Zb.com (@ZbTalk) March 27, 2019 In view of crypto investors’ overwhelming interest, the exchange has raised the bar – entry into the VSYS sale required users to hold 1,000 ZB (token of the platform) at least on the account and users’ ZB were then traded for VSYS. The 21 million VSYS tokens, amounting to 0.402% of the total supply, have been snapped up in seconds’ time. Its price peaked at over $0.5 after the VSYS/ZB trading pair was available, currently it’s traded at $0.3, still a 10-fold increase from the initial offering price ($0.0265). The night before on March 26, its counterpart Huobi Prime sold out a total of 1.5 billion TOP Network (TOP) with $3.4 million raised in 19 seconds. The price of TOP is currently over $0.01, spiking almost 6 times from the initial offering price. According to Huobi, only 3,764 people got a piece among the over 130,000 participants, with the successful purchase rate low as 2%. To set the bar higher, the exchange said participants for the next project are required to hold 500 HT for 30 consecutive days before the sale. Amidst the so-called crypto winter, the current trending phenomenon in crypto exchanges has cause quite a stir in this form of initial exchange offering (IEO), an alternative for ICO fundraising started by crypto exchange Binance on its Binance LaunchPad earlier this year. As Binance’s initiative turned out to be a huge success with its first three sales of BitTorrent (BTT), Fetch.AI (FET) and Celer Network(CELR) being massive hit, a plurality of major crypto exchanges have follow suit opting for the IEO model, including BitMax, Huobi, Bittrex, OKEx, Exmo, Cobinhood, Coinbene, Probit, ZB.com and KuCoin. Though proponents see the IEO model as an effective way of ensuring the quality of projects since exchanges act as an intermediator and guarantor for the crypto projects, while in most avid crypto traders’ eye, it is simply another money-grabbing opportunity. What the project is doing does not seem topical to them, rather, they see it a good chance to play the pump-and-dump game and pocket money in the prolonged winter. Scarcity breeds demand. Projects offered on these platforms have fared a similar frenzy as their counterparts. That may explains why the craze is keeping on. While as Binance switches to the new lottery format for next token sale, traders’ complaint doubting the real share they could get, together with regulation issues, it remains to be seen whether the model is sustainable.
8BTC

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

SINGAPORE, March 27, 2019 /PRNewswire/ -- 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. The 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 ...Full story available on Benzinga.com
Benzinga

Huobi Follows Binance Launchpad: Requires Participants Hold HT Tokens, Pump Is Coming?

Cryptocurrency exchanges are taking advantage of the fact that Initial Exchange Offerings (IEOs) are trending in the crypto community. Recently, Binance has introduced new rules to its Launchpad that requires users to hold BNB for a time to participate in an IEO. Huobi – that had its first successful IEO yesterday on its Prime platform has followed Binance’s path with setting token holding rules for IEOs in an attempt to pump the price of the Huobi Token. Huobi pumping its token According to a blog on Huobi’s Medium, to be able to participate in an IEO, crypto traders and users need to have a fully verified Huobi Global account as well as an average monthly holding of 500 or more Huobi Tokens (HT). At the time of writing this article, HT stands at $2.42, so IEO investors need to hold over $1,200 worth of Huobi Tokens in their exchange accounts if they want to participate in an IEO. Huobi excluded the TOP Network IEO (its first sale on the platform) from this rule. Therefore, investors of the token sale could contribute to the IEO without the need to hold any HT tokens. Binance’s controversial Launchpad rule change On March 24, 2019, Binance has published an update on its blog stating that the cryptocurrency exchange is using a new, “lottery format” for the next IEO on the Launchpad platform. In summary, the token sale contribution will be conducted as a lottery instead of the first-come-first-served system that was used in previous IEOs. Contributors will get a number of lottery tickets based on the BNB they hold over a 20-day period in their Binance accounts. The minimum threshold to get a ticket is 100 BNB tokens (worth $1,676 at the time of writing the article) with the maximum numbers of lottery tickets per user being five. To receive the maximum number of lottery tickets, users have to hold at least 500 BNB in their Binance wallets (worth $8,380). Each of the winning tickets represents a $500 limit that they can use to contribute to the IEO. For example, if a user has two winning tickets, he can contribute a maximum of $1,000 in the token sale. Soon after Binance’s March 24 announcement, BNB’s price skyrocketed, reaching $17 from $15 in a matter of approximately four hours. Due to this rule change, we expect that the Binance Coin will be highly volatile for a certain period. The post Huobi Follows Binance Launchpad: Requires Participants Hold HT Tokens, Pump Is Coming? appeared first on CryptoPotato.
CryptoPotato

IEOs Boost Exchange Tokens, But Cannot Tinder the Next Bull Run

Since Binance restarted its Launchpad platform in 2019, the exchange has recorded gains of over 270% from three initial exchange offerings (IEO). As the new fundraising model is starting to gain popularity, many other green-eyed major crypto exchanges, including Huobi Global, KuCoin, and ZB.com have launched their own IEO derivatives, which were both exceed market expectations. Recently, Huobi Global has launched its first “selective token sale” of TOP Network on its exclusive token launching platform Huobi Prime. Although the token was sold in the three “Price Limit” rounds, every round sale ended in a few seconds, many investors were not able to purchase the token. Clearly, there is much more demand than supply in this market. Many believe that this new model may tinder the next bull run. Compare to the traditional initial coin offering (ICO), IEO has less investment restriction, however, most of the IEOs have excluded the U.S. and Chinese citizens due to the regulation issue. To the crypto exchanges, IEO is a grand innovation: it can be a solution for blockchain projects to raise fund, meanwhile, exchanges can promote their native tokens through the token listing platform. As thus, many have expressed their concern of the ICO tokens, for example, Ethereum. This speculation is reasonable, at present, the traditional ICO model will be gradually eliminated, and the IEO would become the first choice for project financing. The financing advantage of Ethereum will be nibbled up by exchange native tokens. For Ethereum, the work team should focus on improving its performance and waiting for the decentralized exchange to rise. In addition, according to 8BTC, the craze of several IEO project and the short-term market speculation cannot boost the entire crypto market. We can see that the recent IEO booms only lead to a price surge of exchange native tokens but have no significant effect on the prices of mainstream cryptocurrencies, such as Bitcoin and Ethereum. IEO is not powerful enough to tinder the next bull run, but undeniable, it is an innovation.
8BTC

Huobi Prime’s First Token Sale Nets $3.4 Million In 19 Seconds for TOP Network

Huobi Prime,a coin launch platform of the veteran crypto exchange Huobi Global, has successfully completed its first “ selective token sale” of TOP Network (TOP) on March 26. The fundraising event nets $ 3.4 million dollars with the sale of 1.5 billion TOP tokens in 19 seconds, while leaving the majority of participants empty-handed. As the initial exchange offerings(IEO), an alternative way to raise funds for crypto projects, are fast gaining popularity, Huobi launched its version of Binance Launchpad in early March to allow ordinary retail investors to purchase newly-launched tokens with the Huobi Token (HT). The first digital asset to be launched via Huobi Prime is TOP Network, a Silicon Valley-based distributed messaging and communications services platform. The token sale of TOP ignited the enthusiasm of crypto investors again with each of the event’s three price limit rounds concluding in less than a few seconds. The event planed to sell a total of 1,500,000,000 TOP tokens, which accounts for 7.5 percent of the total token supply of the project. The first round of 300 million TOP tokens which took place at 9:00 PM,March 26( GMT+8) were sold out in just 7 seconds, with the highest tradable price capped at $0.00177, the second round sale of 450 million tokens ended in 5 seconds at $0.00213 and the third round of 750 million tokens were sold out in 7 seconds at $0.00255. Huobi Global opened trading for a TOP/HT trading pair immediately after the conclusion of the token sale. TOP price peaked at around $0.049, which is roughly around 2700% increase from the price of the first sale round. As of press time, TOP is trading at $ 0.003964, registering an increase of about 120%. Hours before the fundraising event, lots of desperate traders in China rushed to internet cafes with blazingly fast connection or even recruit part-time buyers to be well poised for the sale. However, much like it was the case with Binance Launchpad, Huobi Prime fails to cope with the high demand, leaving tens of thousands of willing investors without any chance to obtain one TOP token. Those who failed to obtain TOP tokens rushed to sell off their HT holdings, leading to a price drop of HT. HT fell to $2.26 from $2.52, down over 8% within half an hour. Some people even believed the token launch platforms are specially designed for crypto whales or insiders. In order to pacify investors, Huobi Global CEO, Livio Weng Xiaoqi, said on his WeChat Moments that they planned to initiate a small airdrop of TOP tokens for those whose orders were not filled and promised to change token sale rules for the second project which is expected to come on April 16. According to Huobi, starting from the second project, participants are required to hold 500 HT for 30 consecutive days before the sale.
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Fan tokens draw new users to crypto with the latest club addition, AS Roma

Blockchain is stepping further into the sports arena, as cryptocurrency company Socios partners with soccer team AS Roma to offer a fan token, according to a statement from the club.  The token will find its way to fans through the Socios app. There, it'll be tradeable against the Socios native token, $CHZ, currently listed on BitMax and KuCoin, as well as Binance DEX - Binance's decentralized exchange. The tokens are accessed on Socios.com, but housed on a separate permissioned side chain, where each club becomes a Node with Proof Of Authority (POA) from $CHZ. In order to access the club token through a Fan Token Offering, fans must first hold $CHZ. The move could open crypto to a wider user base, since the tokens allow fans to have a voice in their club. The tokens five supporters the right to vote on certain club decisions. They'll be set at a price of two euros, but fans can also earn them by interacting with AS Roma on the Socios app. Fans can also "hunt" tokens for free through the app's augmented-reality geo-location feature Token Hunt. However, AS Roma isn't the only club interacting with fans through crypto. Indeed, clubs from different leagues including Paris Saint-Germain, Juventus and West Ham United have all created fan tokens for supporters. Alexandre Dreyfus, chief executive & founder of Socios.com, said AS Roma's fan base along with other participating clubs draw hundreds of millions of users.
The Block Crypto

What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers

As crypto ecosystem consistently redefines its new peak in terms of adoption, fiat investors and new players are seeking opportunities to be a part of the next wave of Bitcoin Billionaires. One of the early birds, Tim Draper leads this space in terms of making sizable investments and returns in Bitcoin. Having complete faith in Bitcoin’s […] The post What does it take to be part of the next wave of Bitcoin Billionaires? Tim Draper answers appeared first on AMBCrypto.
AMBCrypto

Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
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