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Huobi Global’s Prime Day Celebration Overview

 
Huobi Global’s Prime Day Celebration Overview
Breaking News / Crypto Market

 

In 2010, Laszlo Hanyecz made history when he managed to exchange ten thousand Bitcoins with another early Bitcoin enthusiast for two pizzas. At the time, Bitcoin was $0.003 and those pizzas cost him around $30. Looking at today’s prices though, those Bitcoins would be worth a hell of a lot more, close the $70 million.

Since that day in 2010, it has become a bit of a tradition in the crypto community.

The ninth anniversary of pizza day was led by Huobi Global with a bit of history of its own this year; the Huobi Prime launch of Reserve’s RSR token and a special sale of Bitcoin at up to fifty percent off market value.

Huobi’s whole 3 billion supply of RSR and the 188 BTC set aside for the sale completely sold out by the end of trading.

The CEO of Huobi Global, Livio Weng has said:

“We knew we wanted to do something big to mark Bitcoin Pizza Day this year. Partnering with Reserve for our third Prime launch plus hosting a special sale on BTC itself struck us as the perfect way to do it.”

The Prime launch of RSR was conducted over two price limited rounds. In the first tokens were distributed on a first-come, first served basis. According to Huobi Global:

“In all, 600 million RSR sold out in 2 seconds of active trading time. In the second community-based round, all qualified orders were partially filled via adjusted system matching. In all, 11,829 users got at least some of the total 2.4 billion RSR supply. There was a total of 12,029 users who were able to successfully purchase RSR.”

For those that don’t know, RSR is the support toke for the payment-service-over-blockchain project Reserve. The project features backers like PayPal co-founder Peter Theil, Y Combinator Chairman Sam Altman, Mike Arrington, Ran Neuner and a founding team that includes former members of Google.

Essentially…

“RSR is designed to maintain the stability of Reserve’s USD-pegged stablecoin Reserve token (RSV). Reserve’s mission is to build a universal store of value – particularly in regions with unreliable banking infrastructure and/or where inflation is a major issue.”

Finally, the CEO has said:

“We loved thinking up ways to actively participate in Bitcoin Pizza Day this year and we’re happy to be doing our part to celebrate it with the larger crypto community.”

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