Huobi launches a Binance Launchpad competitor

Huobi Global is launching its new project—Huobi Prime, the company announced in a Medium post. The new coin launch platform will go live on March 26 with TOP Network being the first project available token.

The platform will be available for both personal and professional use. The announcement states “individual purchases made through Huobi Prime cannot exceed the equivalent of $1,000 USD in Huobi Token.”

“Customer demand and user needs are at the forefront of everything we do here at Huobi. Huobi Prime is very much an extension of that,” said Leon Li, Huobi Group Founder and CEO. “We’ve designed it from the ground up to be a more innovative, direct, and responsive way to access up and coming new tokens.” 

Listings will involve three rounds of coin offerings, 30 minutes per round. While they will be price-capped, the cap will rise with each round. The caps won’t be fixed, either—they’ll vary from coin offering to coin offering.

All coins bought Huobi Prime will be available closely after the purchase and will be tradable against Huobi Token.