Just prior to the beginning of the Lunar New Year, Huobi listed seven new tokens on the platform as part of its Primelist Everyday campaign, offering users special opportunities to buy into emerging projects from Jan 24-30.
Huobi Primelist provides a unique way to access new metaverse projects. Users who want an allocation of new listings can win an opportunity to purchase them at their listing prices by simply queuing for numbered tickets or holding Huobi Tokens (HT).
Among the listed tokens were Lootex (LOOT), the player-centric cross-chain NFT trading platform; Atlas DEX (ATS), a decentralized cross-chain liquidity aggregator; Bit.Store (STORE), a SocialFi investment platform; Spellfire (SPELLFIRE), a collectible card game; Trace Network Labs (TRACE), a decentralized protocol that uses the power of web 3.0 technologies to deliver metaverse related experiences; Synesis One (SNS), a DAO that provides a play-to-earn system for games to incentivize users; and Ambire Wallet (WALLET), a new-generation, full-featured cryptocurrency wallet.
The respective prices for each of the abovementioned tokens surged on their first day of listing, with prices jumping as high as 1600%. In addition, tokens such as ATS, STORE, and WALLET continued to maintain momentum in the following days. Hundreds of thousands of Huobi users across more than 140 countries participated for a chance to earn a high annualized percentage yield (APY) for holding HT. Take WALLET as an example, users who hold 1,000 HT were able to purchase 3333 WALLET at the price of 0.03 USDT, which was valued at 640 USDT based on the highest price (0.19 USDT) on a listing day. Therefore, users who purchased the WALLET tokens can earn 540 USDT with merely 100 USDT as the trading cost.
“Our Primelist events have been incredibly popular with the community, so we wanted to continue the momentum with a full week of token listings ahead of the Lunar New Year,” said Jeff Mei, Director of Global Strategy at Huobi. “It’s an exciting holiday, and we wanted to give our users the opportunity to access a variety of newly-listed tokens at a low cost.”
The price of the pair ATS/USDT increased steadily since listing on Jan 2.
The seven-day token listing campaign was part of Huobi’s Lunar New Year campaign, Prime Fest: Tiger Year. From now until February 14th, users are invited to explore the possibilities of the metaverse through a variety of events, including access to new metaverse token listings under Primelist, high-yielding asset management products under PrimeEarn, and special blind box draws under PrimeBox.To further encourage user participation, Huobi is doling out $100 million prizes and rewards.
Huobi has been investing in the metaverse, NFT and GameFi fields throughout the past year. In September of last year, Huobi Ventures, the global investment arm of Huobi Group, launched a $10 million fund to invest in emerging GameFi projects around the world.
“We see the value in providing fun, unique, and immersive experiences for our users, and we believe that the future of these experiences lies in the metaverse,” added Jeff.
To participate in the Huobi Prime Fest: Tiger Year event, visit the event page.
Disclaimer: This is a paid post and should not be treated as news/advice.
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