(MENAFN- News Direct) Singapore | February 08, 2023 06:43 AM Eastern Standard Time
On February 8, Huobi released an official announcement that Huobi's 3rd PrimeVote had completed all project recruitment, with over 150 projects registered and 25 projects passing the initial screening and selection to participate in the voting process.
The 25 shortlisted projects are: Calvaria (RIA), DataHighway (DHX), Empower (MPWR), Galaxy Arena (ESNC), Jot Art (JOT), KuGouToken (KGT), Lithosphere (LITHO), Moondao (MOONEY), Meta apes (PEEL), Mimo Token (MIMO), Moon Nation Game (MNG), Pancake Games (GCAKE), Pitbull (PIT), Rubic (RBC), SpaceY 2025 (SPAY), Smart Finance (SMART), Somesing (SSX), Sumotex (SMTX), Shield Protocol (SHIELD), Statter (STT), SIX Network (SIX), The Rug Game (TRG), The Recharge (RCG), Tomi (TOMI) and UNITBOX (UNIT).
How PrimeVote works:
The voting session would be divided into two phases: Phase 1 Promotion period: 8-15 February, 20:00 (GMT+8) and Phase 2 Voting period: 15-17 February, 20:00 (GMT+8). During the voting period, users can vote for their desired projects using locked Huobi Token (HT), with 1 HT = 1 vote. Ultimately, the project with the highest cumulative number of votes in locked HT and over-the-counter canvassing would get the priority right to be listed. The project's community supporters could share the winning project prize pool according to a certain percentage.
For more details on voting:
The previous two rounds of Huobi PrimeVote had been successfully and garnered a lot of community excitement. All the launched tokens had increased significantly, and the users who participated in the voting had obtained an extremely considerable annualized return. As the campaign progressed, HT gradually broke the circle through high-quality new projects and gained more attention. The community and HT holders had also consolidated their consensus on HT due to the implementation of real decision-making power and multi-dimensional income dividends. This virtuous circle promoted the landing construction of empowered HT and drove the investment value of HT's secondary market. The latest data from Huobi showed that HT traded at a high of $6.1687 last week, an increase of 11.68%.
Huobi said that PrimeVote focuses on the long-term development of HT, with the core of 'returning the construction of Huobi projects to the community and giving the right for a listing to HT holders,' allowing community users to participate in the HT empowerment construction. Relying on the community power to explore high-quality projects, optimize the strategy of listing tokens, and land HT application value to make the HT secondary market have more substantial backing. While empowering HT holders, it will continue to increase long-term ecological and investment dividends.
Huobi's global advisory board member, His Excellency Justin Sun, said, 'We know that the key to revitalizing Huobi is to empower HT, and HT can only prosper if Huobi thrives. There will be many big moves around HT in the future, including brand upgrades, significant empowerment, and business cooperation, and we will unite all the forces that can be united to do a good job together!' PrimeVote aims to unite the power of multiple parties around HT to form a positive cycle of Huobi, Projects, and HT holders, achieving a win-win situation for all three parties.
In addition, PrimeVote also once again optimizes and implements Huobi's tokens listing principles, bringing users more diversified asset allocation options. As Justin had said, 'The first principle of Huobi's tokens listing is to abide by neutrality; the second is to put the community first and leave everything to the market's judgment; and the last is to respect the user's decision, and the exchange is at best the night watcher.'
Huobi's PrimeVote will continue to carry out follow-up voting with 'high standards and strict requirements,' bringing more quality projects worthy of long-term investment from the community and users and setting a new high for the industry.
About Huobi Group
As a world-leading company in the blockchain industry, Huobi Group was founded in 2013 with a mission to make breakthroughs in core blockchain technology and integration blockchain technology with other industries. Huobi Group has expanded into public blockchains, digital assets trading, wallets, mining pools, proprietary investments, incubation, digital asset research, and more. Huobi Group has established a global digital economy industry ecosystem by investing in over 60 upstream and downstream companies in the blockchain industry.