As told in my previous posts I am a frequent trader on the Huobi Global exchange. This large and userfriendly exchange has been constantly growing and for me offering all the tools I need for my trading in cryptocurrencies. Since they added the Hadax platform to their exchange I became a big fan of trading on this platform.
The Huobi exchange is constantly improving its community voting mechanism since its inception on the HADAX platform. As a part of its evolution, Huobi has integrated HADAX into Huobi Global, as Huobi Next. The previous Huobi Global will now be divided into two sections: Huobi Main and Huobi Next.
Clear and Organized
The division is as follows:
Huobi Main will have Huobi staff screening projects and have a more stringent selection of projects. This screening is done using the SMARTChain evaluation method, designed to screen out fraudulent, low quality projects. This division is ideal for all traders and offers a well screened assortment of projects to invest in. Huobi is doing very much to make trading in cryptocurrencies safer and with this division they are creating a place as safe as possible for everyone that would like to trade on a fast and secure exchange.
Huobi Next will be the more democratic platform and is more responsive to the community’s desire. They will be selecting high-quality blockchain projects through public voting on the open platform, composed of endorsers, eligible voters and the HT community. This voting process will not be changing[1].Â
The voting on Huobi next will follow the original HADAX 2.0 rules. This entails that voting will require HT payment, in return however HT holders will receive airdropped tokens from project teams by voting.
[1] https://support.hbg.com/hc/en-us/articles/360000152441-Launching-of-Huobi-Next-and-Plans-for-Phase-I
More information on the voting rules and whether users are qualified to vote can be found at the following link[2].
I think the integration to Huobi Next make trading in cryptocurrencies more safe for new traders on Huobi exchange. As user you have a choice to trade on Huobi main where only strictly screened projects are traded.
What I like about the Huobi Next division is the possibility to vote on projects to get listed. This division is full of projects the community have chosen, so even the tokens on the Huobi Next division are not screened like the tokens at Huobi main, the community is standing behind these tokens. And as (potential) investors we both know this is a very important factor in trading cryptocurrencies. For this reason I think Huobi Next is a very usefull addition to the Huobi exchange. It also makes the exchange more organized than it already is. So a better overview and for every trader it is clear what they can expect at both divisions of the exchange.
I invite you to join our great community at the upgraded website and start your own cryptocurrency trading journey. If you don’t have an account yet please feel free to use my referral link.
[1] https://support.hbg.com/hc/en-us/articles/360000152441-Launching-of-Huobi-Next-and-Plans-for-Phase-I
[2] https://support.hbg.com/hc/en-us/articles/360000152461--