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Starting next month, users will get a direct say in what projects are listed and when on Huobi Global.
Huobi has revamped and upgraded the business model for Prime Lite, its streamlined launch program for quality crypto projects. Along with that change comes a rebrand and a new name. Going forward, Prime Lite will be known as Huobi FastTrack and, under this new concept, the rules are more favourable to users.
“Huobi FastTrack’s structure grew out of three of Huobi’s guiding values,” said Livio Weng, CEO of Huobi Global. “First, it serves our mission of giving users maximum choice about when and how they can trade; second, it provides much needed exposure to deserving projects; third, it gives everyday traders — not just big fish and major players — exposure to those coins at competitive rates.”
Ross Zhang, Head of Marketing for Huobi Global, provided further insight on the reasons for the rebranding: “The decision to convert to FastTrack really grew out of a desire to be responsive to customers’ needs,” said Zhang. “While many of our users liked Prime Lite, others felt it resulted in too few coins being distributed too many users, with the result most only got a small proportion of the coins they desired. We also found that too many users were confused by the differences between Huobi Prime, our innovative coin launch platform for emerging new premium coins, and Prime Lite, which was intended as its streamlined cousin.”
In addition to allowing users to vote on what projects they want to see listed (and when) on Huobi Global using Huobi Token (HT), FastTrack also provides discounts of approximately 50% off the market value of launched coins to supporters who vote for them.
Huobi FastTrack is scheduled to launch in June.
How Does Huobi FastTrack Work?
Huobi Global will announce five projects ...
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Huobi Group - Medium