Blockchain
Huobi Prime’s Inaugural Launch: TOP Network’s TOP Price Jumps Over 500%
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Huobi Global passed a milestone yesterday, launching a better way to provide the crypto community with access to cutting-edge projects at discounted rates. Huobi Prime went live at 21:00 (Singapore Time) on Tuesday, March 26, offering TOP, TOP Network’s native token to the first ever batch of Huobi Prime users.
The inaugural launch was met with enormous demand, with 3,764 users buying 1.5 billion TOP Tokens using Huobi Token (HT). The total supply of TOP tokens offered was sold out for all three rounds of trading, with the first round selling out of available tokens in 7 seconds, the second round in 5 seconds, and the third in 7 seconds.
“While we knew Huobi Prime’s inaugural launch of TOP would be popular, even we were amazed by the overwhelming response,” said Ross Zhang, Head of Marketing for Huobi Group. “We were thrilled to hold our opening launch with our great partners at TOP Network and we are humbled and honoured by how many people wanted to take part.”
TOP has now been fully listed – and is freely tradable – on Huobi Global in the form of TOP/HT, TOP/BTC, TOP/USDT.
Acknowledging that only about 3% of the 130k participants were able to purchase TOP as a result of the overwhelming demand by some users, Zhang said that plans are already underway to implement improvements for future Prime launches. “We hear your concerns and we’re already working on ways to address them,” he said. “Our goal remains making Huobi Prime the premier place to access premium coins for the broader crypto community, not just the few.”
Zhang also addressed concerns about the verification slider Huobi requires users to use to complete purchases. “The slider is an anti-script and anti-bot safety mechanism and it is one of the standard methods we use to ensure trading is fair and equitable. We’ve found it to be quicker and easier than the more common CAPTCHA method but we will evaluate it as we continue to improve the user verification experience.”
Highlights of TOP Launch:
- Total participants: 130,000 (Approx.)
- Total numbers of people who bought TOP: 3,764
- Percentage Increase For TOP: 505.8% (as calculated from the 1st round of Prime to 12AM)
- Ceiling Price for TOP in Each Round:
- First Round: 1 TOP=0.000708 HT
- Second Round: 1 TOP=0.000852 HT
- Third Round: 1 TOP=0.001020 HT
- TOP Sold (Overall Total): 1,500,000,000 allocated for Prime trading (7.5% of Total Token Supply)
- TOP Sold (By Round): 1st Round: 300,000,000 TOP (Sold out in 7 secs) / 2nd Round: 450,000,000 TOP (Sold out in 5 secs), 3rd Round: 750,000,000 TOP (Sold out in 7 secs).
SOURCE Huobi Group
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
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