Huobi Global announced APENFT as the first product to be floated on the newly relaunched Huobi Prime platform, designed to introduce premium asset projects. It follows the inception of the Huobi Asset Center - a business unit dedicated to managing asset listings efficiently.
The platform offers a convenient way for traders to access revolutionary crypto-projects and is powered by the Huobi token.
7th Huobi Prime Release
The new assets available on Huobi Prime will require users and crypto traders to own a minimum of 300 Huobi tokens (HT) for six days from 14th May. The 7th Huobi Prime release is different from the previous Huobi events. It will be conducted in two separate rounds.
The first round is for orders made with the HT will be filled through a random draw process. This ensures that profits are distributed fairly and not concentrated with a few users. In the second round, the system will perform a proportionate allocation based on the number of pending orders.
Equal Opportunity Based Approach
Ciara Sun, the Vice President of Global Markets at Huobi Group, foresees many people adopting the wait-and-see attitude at the beginning and believes that Huobi Prime will provide users with a good reason to participate. She claims,
"Our Huobi Prime team selects high-quality projects from a large pool of potential candidates and provides users with a channel to invest and participate with a low barrier of entry. More importantly, users who are interested in the project can receive an early start."
With the reintroduction of Huobi Prime, retail traders can gain an equitable opportunity to access premium projects. This will promote inclusiveness in the crypto world, states Ciara, and will show the crypto community that investing is not only meant for those with deep pockets.
APENFT Project On Huobi Prime
The first project disclosed today is APENFT: the project's mission is to register world-class artworks as NFTs. Thus, it creates a bridge between renowned artists and blockchain, supporting native crypto artists in the NFT space.
APENFT will transform art elite-exclusive items into something that belongs to everyone. Ciara noted that among all the strong projects considered for the relaunch of Huobi Prime, APENFT's aspiration was the most appealing as it aims to make art accessible to everyone. She further added,
"It is built on Ethereum (ETH) and TRON (TRX), and powered by the world's largest distributed data storage systems. Without a doubt, this will, in turn, strengthen the HT token and bring more volume to the entire crypto ecosystem."
About Huobi Group
Huobi Group is a cryptocurrency infrastructure provider. Its financial product suite includes one of the largest digital asset exchanges per its liquidity and real trading volume. The Huobi portfolio of products and offerings includes trading and financial products, cryptocurrency and blockchain financial infrastructure solutions, education, data and research, social welfare, investment, and incubation.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.