Reborn from the ashes, the evolution of PrimeVote of Huobi HTX
Huobi HTX, the oldest in the crypto industryexchangeOne of them, after ten years of ups and downs, is now fully focused on how to achieve a second spring.
The answer is also very simple, that is, to return to the original intention of the encryption industry, let everyone and every ordinary retail investor regain control of the wealth radiation of encrypted assets, get rid of the chaotic situation of endless division by giant whales and big players, and come up with new development ideas that are different from the past.
Transaction efficiency is encryptionexchangeThe original intention
The crypto industry has never shied away from talking about the wealth effect.
The wealth effect is a widely discussed topic in the crypto industry, and few shy away from it.cryptocurrencyThe rise of the digital currency has brought about huge wealth opportunities. Take Bitcoin as an example. Since 2014, when the price of Bitcoin was hovering below $1,000, those who dared to buy and hold on to this digital asset have gained huge wealth.
火币HTX 的成长几乎伴随着比特币的增长,从多次的历史低潮中,火币HTX 见证了加密世界的壮大。无论是多种类现货币种,还是理财衍生品的持续上架,都证明了用户和exchange相辅相承的关系。
Huobi has developed into the HTX era after the English brand was renewed, and Huobi HTX has gone global.SafetyEfficient listing of assets has become the core task of asset operations.PrimeVote was officially launched to the market this yearIn the past nine activities, all the successful landing on Huobi HTX marketTokenAll of them achieved historical highs far exceeding their peers within a week, especially the recently popular $ORDI, which was first noticed by Huobi HTX and announced for listing after winning through PrimeVote, and gained a huge increase of 12 times within a week.
$ORDI landed on Huobi HTX and then on OKX,BinanceExchanges such as Huobi HTX and others continued their upward trend. Coincidentally, among the recent PrimeVote listing projects of Huobi HTX, TOX, XFI, LSD, etc. recorded increases of 21%, 21% and 50% respectively one week after listing compared with the closing price on the first day.
The wealth effect of Huobi HTX is quietly becoming a new benchmark in the industry.
In addition, as a global leadercryptocurrencyAs one of the exchanges, Huobi HTX Exchange has been committed to providing users with comprehensive trading services. Huobi HTX's ecological layout is becoming increasingly diversified, and it is actively expanding its product line to meet the different needs of users.
It can be found thatThe core focus of crypto exchanges is new asset value discovery, timely updating of spot products is the first step, and efficient derivatives services can also play a leverage effect to amplify the wealth effect.
In the crypto trading arena, Huobi HTX's PrimeVote is increasingly becoming a unique asset IPO andCommunityCoin brands, giving traditionalBinance Launchpad and other new products provide users with another option for new stock issuance.
PrimeVote: Retail investors’ vote, the ultimate Prime
An important direction of Huobi HTX Exchange's ecological layout is product diversification.PrimeVote voting for coin listing is a new product of Huobi HTX that innovates the coin listing process.Its original intention of launching is to "give power to users" and allow more users to share the development dividends of Huobi HTX.
Huobi HTX puts users first.
Huobi HTX has also launched a series of targeted activities to help retail investors gain profits. In the recent 9th PrimeVote event, Huobi HTX launched the "Koi Award", matching the last three digits of the user's votes with the TRON network hash value at the end of the event to share the prize pool (3000USDT) of the winning project 1%. In the end, three winning users were produced, one of whom was a lucky user from Seychelles who won the Koi Award with only 309 votes and shared a prize of 1000 USDT.
But in fact,The launch of the PrimeVote campaign was also accompanied by controversy. The traditional voting for coin listings in the industry often has problems such as large investors being the market makers, opaque mechanisms, and retail investors can only passively follow up.In this regard, Huobi HTX's PrimeVote strives to make the power of listing realXiaobai NavigationReturn it to users and make it public goods, making Huobi HTX a place with good governance.
In this process, Huobi HTX's original rocket value voting system and large-scale restriction measures have become important means to solve the above drawbacks.
-
The restrictions on large investors and the lead investor function implemented since the 4th activity: During the voting period, participating users can choose to become a "lead investor" or a "follower investor".CommunityInfluential users can become lead investors, while ordinary small and medium-sized retail investors can become follower investors. This way, the votes of small and medium-sized retail investors can be combined to form a powerful force, effectively balancing the influence of large investors.
-
Since the introduction of the Rocket Value voting system in the 6th issue, "Rocket" refers to the amount of USDT converted from the user's 30-day average asset balance in Huobi, 1 USDT equals 1 Rocket. The more asset balance, the more "Rockets" you have. The setting of Rocket Value further broadens the voting rights of all Huobi users, making it possible for a wider range of users to participate.CommunityMembers can participate in voting decisions and share their benefits.
From the above measures, we can see that, in essence, PrimeVote of Huobi HTX is "re-handing power to users". The public of the crypto exchange is undoubtedly the numerous retail investors. Letting the numerous retail investors enjoy the vitality of Huobi is the core element of the rebirth of Huobi HTX.
Adhering to the user-first and user-centered operation idea is also the key reason why the "koi" user mentioned above was able to jump out of the "dragon gate". In an interview with Huobi HTX staff, this user expressed his trust in the HTX platform and his optimism about the future, and encouraged other users to participate and try their luck.
All in new assets, All in Huobi HTX
In the process of users participating in coin listing, the wealth effect has been quantified and displayed.
In addition to the regular PrimeVote listing voting that benefits retail investors, Huobi HTX has also creatively established a voting prize pool sharing mechanism. As of now, Huobi HTX has created a high prize pool of 1.888 million USDT in the 2023 voting for listing.
Any currency has a different prize pool setting. After the final listed currency is determined, all lead investors and follow-up investors of that currency can participate in the total prize pool rewards almost every month. It has become the most leveraged proof of work in the crypto world.
In the design of Huobi HTX, giving benefits to users and rewarding winners is a timely move that is beneficial to the present and even more beneficial to the future. Getting rid of the simple stock competition and promoting cryptocurrency trading to more regions, races and generations is something that most exchanges should work hard on.
The confidence of Huobi HTX lies in the fact that new assets and wealth effects have been integrated into the entire operation process of Huobi HTX, serving users and ultimately creating a win-win situation.
New assets accepted, new products launched every period.
-
Huobi HTX has established a strict new asset acceptance mechanism through PrimeVote to ensure that the newly added assets are of good quality and compliance. The platform will cooperate with professional institutions to conduct project reviews and due diligence to strictly screen out projects with potential and value.
Assets are online, enjoy liquidity.
-
New assets that have been reviewed and screened will be listed on Huobi HTX for users to trade. Huobi HTX will provide sufficient liquidity to ensure that users can easily buy and sell these new assets. Similarly, Huobi HTX will also monitor market behavior to ensure fair and transparent transactions.
User participation, benefit sharing.
-
In order to encourage users to participate in the trading of new assets, PrimeVote has launched a series of reward mechanisms. The above-mentioned 1.888 million USDT prize pool and the latest Koi Award will encourage users to actively participate in the trading of new assets and increase the activity of the entire platform.
All in New Assets, All in HTX.
-
Through a full-process operation model, integrating new assets into Huobi HTX can help the platform attract more high-quality assets and provide more opportunities for users.
Users can get rewards by participating in the trading of new assets and enjoy more services and learning opportunities. This win-win situation will further promote the development of Huobi and the prosperity of the cryptocurrency market.
In the ten-year development history, new assets have taken over Huobi HTX’s commitment to the crypto market. In the continuous rebirth, Huobi’s ten-year promise has delivered a satisfactory answer, and the next step is to go all in on new assets.
After the $ORDI craze, Huobi HTX started to gain momentum. Prior to this, Huobi HTX had become one of the world's largest digital currency exchanges, with users and project owners from all over the world. In order to expand its global market share, Huobi HTX has stepped up its market expansion efforts worldwide, opened multiple international sites, and established partnerships with trading platforms and institutions in different regions. This makes Huobi HTX more competitive and influential among global users and project owners to meet the bull market trend of the next decade.
Ten years, Huobi HTX's self-iteration
Huobi HTX has completed its brand upgrade, truly starting the internationalization process that has been delayed for several years, with a global layout and distributed existence.
"Global expansion, ecological prosperity, wealth effect,SafetyComplianceThis is a summary of the current situation and future of Huobi HTX. The significance of Huobi HTX also lies in its greater focus on Exchange (transaction) services, which is the mission of the exchange.
In addition, X represents the exploration of infinite possibilities. Exploration requires actions rather than words, which leads to the new slogan of “Trade Crypto Only on HTX, trade with Huobi”.
In a sense, globalization and asset creation are two sides of the same coin. Only by introducing global users into the crypto world and incorporating supervision and users into a healthy symbiotic system can it become a towering tree.
To date, Huobi HTX has obtained digital currency-related licenses or registrations in many countries, including Gibraltar, Lithuania, Dubai, BVI, Australia, and has provided the most basic financial services to the poor who do not have bank services in the wider African continent, Oceania, and other regions.
Full scenario coverage: exchange + public chain + stable currency
As one of the world's mainstream exchanges, Huobi HTX actually provides the role of financial infrastructure. The comprehensive cooperation with TRON TRON Chain makes the ecological layout of Huobi HTX more complete. As a typical representative of efficient public chains, TRON will inevitably contribute more to the expansion of Huobi HTX's on-chain applications.
The most important one is stablecoin. Taking TRC-20 USDT as an example, it basically bearsBlockchainHuobi HTX is a daily pricing standard and trading service that is widely popular because of its cheapness and speed. The combination of Huobi HTX and the two will surely play a vital role in the expansion ofBlockchainPlay a greater role on the border.
It can be found that the main theme surrounding Huobi HTX’s brand reshaping is assets, and the PrimeVote system also operates around assets, and the value discovery of assets and feedback to users is of utmost importance.
Huobi HTX is rising from the ashes.
The article comes from the Internet:Reborn from the ashes, the evolution of PrimeVote of Huobi HTX
Related recommendation: Li Jin: Web3’s problems are more than just getting started
Web3 lacks a seamless application experience that can unlock greater adoption. Xiaobai Navigation Author: Li Jin Translator: Block Unicorn Discussions about accelerating crypto adoption often focus on improving the user experience (UX). The general view is that from a UX perspective, Web3 products lag behind, there are multiple friction points in the onboarding process, and the technology…