Huobi Exchange Announces First Project on the Huobi Prime Platform

Huobi to host APENFT token sale on Huobi Prime.

The cryptocurrency exchange Huobi Global will hold a token sale for the APENFT project on the Huobi Prime platform on May 20. This was announced on the сайте биржи.

The Huobi Prime platform provides traders with the opportunity to invest in cryptocurrency projects at early stages.

“The Huobi Prime team selects quality projects from a large pool of candidates and provides users with a channel to invest in them. Huobi Prime users can become some of the first investors in the project,” comments Alfan Gogus, Huobi’s director for Russia, Ukraine and Turkey.

APENFT registers artworks as NFTs on the Ethereum and Tron blockchains. The project’s mission is to create a bridge between renowned artists and the crypto industry, and to support artists in the NFT market.

“We had several strong candidates for the token sale on Huobi Prime. We liked APENFT’s goals and the fact that the project runs on major public blockchains,” notes Alfan Gogus.

Users must hold at least 300 Huobi tokens (about $10,500 at the time of publication) on Huobi Global from May 14 to 19 to be eligible to invest in APENFT on Huobi Prime. To participate in the token sale, users must undergo enhanced verification on Huobi.

The APENFT token sale will take place in two rounds:

1. Token distributions will be drawn by lottery. Huobi Prime will randomly select the orders placed by token-sale participants.
2. Proportional distribution of tokens. Huobi Prime will fulfill the remaining orders of token-sale participants.

Each round lasts 10 minutes. NFTs can be purchased only with Huobi tokens.

Earlier this week Huobi announced the launch of its venture unit Huobi Ventures. The unit is aimed at young blockchain projects that can be integrated into the exchange’s ecosystem.