Huobi Global launches PrimeVote vote-to-list event under strategy to empower Huobi Token

–News Direct–

Huobi Global, one of the world’s leading virtual asset exchanges, has launched its PrimeVote vote-to-list event which seeks to hand over listing rights to Huobi Token (HT) holders and empower community builders.

This move not only demonstrates Huobi Global’s strong financial position amid the recent market turbulence, but also underlines its earlier commitment to strengthen HT’s place in the industry. PrimeVote is one of ways in which Huobi Global is empowering HT, as it gives voting rights back to the community so that users can have a say in the decisions that impact them the most.

Huobi Global has selected Portugal National Team Fan Token (POR) and Argentine Football Association Fan Token (ARG) as the two candidates for the voting in the first round of Huobi PrimeVote. Participants can earn voting rights and power by holding HT or depositing the token they wish to vote to list, as well as stand to win a share of a 22,000 USDT prize pool.

His Excellency Justin Sun, Huobi Global’s global advisory board member and Ambassador Extraordinary and Plenipotentiary, Permanent Representative of Grenada to the WTO, said: “As mentioned in my vision for Huobi Global shortly after its recent acquisition by About Capital, our key focus will be on supporting the Huobi Token to strengthen its place in the virtual assets industry.

“As voting rights are among HT’s key features, PrimeVote plays to the token’s strengths and puts power in the hands of the community who get to collectively decide the project to be listed. This will help grow user confidence and hence benefit the entire virtual assets ecosystem.”

The voting period takes place over two days between November 14 and November 16, with participants being accorded voting power based on the amount of their HT holdings or POR/ARG deposits. The value of the latter will be measured in HT to determine the corresponding voting power accorded to participants, with each HT equivalent to one vote.

Each participant can cast up to 5,000 votes, and the project that receives the higher number of votes will be prioritized for listing on Huobi Global. All participants who vote can split the 22,000 USDT prize pool based on the number of their individual votes in proportion to the total number of votes, with 20,000 USDT and 2,000 USDT allocated to the winning and non-winning projects, respectively.

For the complete set of rules, visit here.

About Huobi Global

Founded in 2013, Huobi Global is one of the largest virtual asset exchanges in the world. Huobi Global serves millions of users across international markets. Since its establishment, Huobi Global has committed to providing first class virtual asset investment services. Huobi Global's robust infrastructure, product innovation and capital strength provides a truly customer-centric and secure trading environment to help our international users to achieve their investment objectives. Please refer to Huobi's official website for more information: www.huobi.com.

Contact Details

Huobi PR team

intlpr@huobi.com

Company Website

https://www.huobi.com/

View source version on newsdirect.com: https://newsdirect.com/news/huobi-global-launches-primevote-vote-to-list-event-under-strategy-to-empower-huobi-token-655420271