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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.
Status
Upcoming
Raised
Soft cap
6,000,000 USD
Hard cap
15,000,000 USD

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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.
Hackernoon

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.
CryptoPotato

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.
8BTC

$3.4M Huobi Prime Sale Shows Investor Enthusiasm Remains High

Huobi Prime successfully completed its first initial exchange offering (IEO) on Huobi Prime this afternoon. The sale concluded in a matter of seconds, and raised $3.4M – proving that investor enthusiasm for the new token sale format isn’t confined to Binance Launchpad. TOP Network, a blockchain-based messaging service, was the first project featured on the new platform. More than 1.5bn TOP tokens were sold, around 7.5% of the total supply. The token was made available for trading almost immediately, and at the time of writing was exchanging hands at a multiple of around four times the asking price. The sale comprised three funding rounds, each offering larger quantities at a slightly higher asking price than the last. Although each round was set to last 30 minutes, each round was heavily oversubscribed and finished within seconds of opening. The first round completed within seven seconds. Huobi only announced its new Prime feature last week, as Crypto Briefing reported. Unlike the first few sales on Binance Launchpad, which were open to the general public, Huobi requires eligible participants to hold 500 Huobi Tokens (HT) – used to purchase tokens – at least 30 days prior to the sale. As Ross Zhang, Huobi’s head of marketing said at the time, this was to ensure the exchange gave equal opportunities to investors who were “involved and invested in our ecosystem”. Binance announced Sunday that Launchpad sales would now feature a new lottery-based format to its token sales. Better Protections For Investors… Unless Conflicts Arise? What makes IEOs interesting is that they tweak the token sale model. Instead of direct transactions between investors and projects, the exchange itself forms the counter-party. Participants must register and create an account on the platform, and this requires them to first pass KYC/AML checks. It’s also within the best interests of exchanges to ensure sales are full compliance. It’s their necks on the line and this means they are likely to carefully vet projects first. As Huobi said in its initial announcement, tokens must first pass a “[r]igorous screening and selection processes to ensure only premium projects that have yet to be listed on any major exchange are included.” Binance upgraded its own KYC/AML procedures today. Other exchanges are also looking at the IEO model, and despite a failure to launch with their first effort, Bittrex is seeking to offer VeriBlock as its next attempt. The VeriBlock project, which counts Bittrex CEO Bill Shihara as an advisor, would be valued at over $200M if the sale is completed successfully. Bittrex includes a disclaimer on its website explaining that as a result of Shihara’s dual role, “Bittrex holds a customary minority equity position in an affiliate of the sponsor of the VBK Coin Initial Exchange Offering, and will indirectly benefit from the successful completion of the Initial Exchange Offering.” Whether this discourages investors remains to be seen. Few would have thought three months ago that sales such as BitTorrent (BTT), Celer Network (CELR) and now TOP Network would have been possible. KuCoin’s Spotlight platform will be hosting its first token sale next week. Is an IEO season upon us? The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post $3.4M Huobi Prime Sale Shows Investor Enthusiasm Remains High appeared first on Crypto Briefing.
CryptoBriefing

IEOs FOMO: Huobi Prime Completes Its First IEO of TOP Network – Price Surges 250% Immediately

Huobi Prime, the exclusive initial exchange offering (IEO) platform of the veteran cryptocurrency exchange Huobi Global, has completed its first “selective token sale” of TOP Network. The whole fundraising event went through three price limit rounds, each one of which concluded in less than a few seconds. Despite selling out all the predetermined TOP tokens and reaching the project’s hard cap in seconds, the community has expressed major concerns regarding the technical incapability of Huobi Prime to handle the huge demand – just as it was with Binance Launchpad. Huobi Prime Completes First IEO TOP Network Sale The IEO platform of Huobi Global – Huobi Prime, has completed the first selective token sale event in a matter of seconds. As Cryptopotato reported, the process went through three different “price limit” rounds, each one of which lasted for 20 minutes. However, the actual purchase of the listed tokens took no more than a few seconds throughout every round. The event managed to sell a grand total of 1,500,000,000 TOP tokens, which is exactly 7.5 percent of the total token supply of the project. The first round had the highest tradable price capped at $0.00177, the second round at $0.00213, and the last round at $0.00255. TOP Listed for Trading Against Huobi Token As it was initially disclosed, TOP was almost immediately listed for conventional trading on Huobi Global against Huobi Token (HT). As seen on the real-time Huobi exchange chart, immediately after being listed, the price catapulted. It peaked at around $0,0065, which is roughly around 250% increase from the price of the token during the first sale round. At the time of this writing, TOP is trading at $0.0046, marking an increase of about 150%. Community Disappointment Much like it was the case with Binance Launchpad, Huobi Prime went through challenging technical issues, ultimately failing to cope with the high demand. As we mentioned above, all the rounds were finished in just a few seconds, leaving a major portion of those who wanted to participate without any chance at all. While Huobi said that the first round was completed in 7 seconds, the overwhelming majority of users claimed that it took even a lot less. People reported various problems with their user experience while trying to participate in the IEO. Some said that their balance during the session incorrectly showed absolutely no availability of HT tokens (shown below), even though they clearly had deposited. Others complained that even though they placed their buying orders within seconds, the platform failed to process them, saying that the round is over. Additionally, random glitches apparently took place, as some users said that the order creation menu failed to work properly, creating nonsense of the kind: It’s undeniable that IEOs are met with huge demand, which is beneficial for the projects aiming to raise money. However, it’s also important to cope with this demand in order to enable those who want to participate to actually obtain the tokens subject of the sale. At the time of this writing, Huobi hasn’t addressed any of the reported issues. In the meantime, it’s worth noting that KuCoin’s IEO platform – Spotlight, is scheduled for MultiVAC launch on April 3rd. More upcoming IEOs can be found on our IEO List. The post IEOs FOMO: Huobi Prime Completes Its First IEO of TOP Network – Price Surges 250% Immediately appeared first on CryptoPotato.
CryptoPotato

Huobi Token Price Increases Due to TOP Network Listing on Exchange’s IEO, Huobi Prime

Huobi, one of the most popular digital currency exchanges in the market, will be launching its first fundraising event tomorrow on March 26. Huobi has created a platform called Huobi Prime that aims at allowing users to participate in Initial Coin Offerings (ICOs). The largest exchange, Binance, has recently unveiled its Binance Launchpad project that […]
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The IEO Craze: Huobi Prime’s TOP Network Listing Starts Tomorrow – How to Participate?

Huobi’s internal exchange offering (IEO) platform – Huobi Prime, is set to launch its very first fundraising event tomorrow, March 26th. Unlike Binance Launchpad, Huobi Prime boasts a rather different launching and participation mechanism, so let’s have a closer look at that. Selective Token Listings As per the official release, the main intention behind the platform is to “explore potential blockchain applications, gather industry resources, and promote the development of the blockchain ecosystem.” Unlike Binance’s Launchpad, Huobi won’t “issue” tokens per se, but would list them directly via Huobi Prime for trading. According to the announcement, the exchange will source non-security blockchain assets and list them directly against Huobi Token (HT) for public trading. In order to foster price discovery and to avoid risks associated with high volatility, the platform introduces so-called “Price Limit” rounds. There will be a total of three of these rounds, each one lasting 30 minutes. Throughout those rounds, the tokens will be traded in a predetermined price range, meaning that the highest tradable price will be capped in those rounds. Only regular market orders will be around throughout the time of these three rounds.   In addition, Huobi has set up an eligibility threshold. In order to participate in these selective token listings, users need to have a daily average holding of 500 HT throughout the last 30 days prior to the trading session (TOP Network skipped this rule as the first sale). However, the release also disclaims that these holding requirements might be altered based on HT price movement. About TOP Network’s Listing: How to Participate? TOP Network will be the first project launched via Huobi Prime, and it will include the following three rounds: Price Limit Round 1: It will take place from 21:00 to 21:29:59 (GMT +8). During this period, the highest tradable price for 1 TOP will be $0.00177. Price Limit Round 2: It will take place from 21:30 to 21:59:59 (GMT+8). The highest tradable price for 1 TOP will be $0.00213. Price Limit Round 3: It will take place from 22:00:00 to 22:29:59 (GMT +8). The highest tradable price for 1 TOP will be $0.00255. There is also an individual cap, meaning that no account can trade more than the equivalent of $1000. It appears that users who are able to purchase tokens in the earliest rounds will be able to profit off the increased price limit of each subsequent round, provided there is enough demand. It’s important to note that the TOP Network listing, being the first one on Huobi Prime, won’t require users to have held 500 HT for 30 consecutive days before the sale. On the 26th, Huobi will enable a live link to Huobi Prime, allowing users to access the selective token listing. In general, however, the platform has made sure that the process will be roughly the same as it is to trade regularly on Huobi. There is a detailed guide on what to do found on the official website. The post The IEO Craze: Huobi Prime’s TOP Network Listing Starts Tomorrow – How to Participate? appeared first on CryptoPotato.
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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
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USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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