Blockchain
Huobi Prime’s Inaugural Launch: TOP Network’s TOP Price Jumps Over 500%
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
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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