Huobi Global or HG, which is a crypto exchange, announced the re-branding of its Prime Lite to FastTrack, after three weeks of the launching of the product offering service. The trading platform based in Singapore also had enormous success with its Bitcoin Pizza Day promo that happened on the 22nd of May.
Prime Lite re-branded to FastTrack
On the 23rd of May, Huobi Global announced that it officially re-branded its Prime Lite product offering service and now it calls it FastTrack. Prime Lite has been launched on the 9th of May, 2019, and it is a niche brand of Huobi Prime which actually offers listing opportunities for some blockchain projects.
According to one official announcement the FastTrack of HG is designed to attract quality blockchain projects which are listed on some other crypto exchanges. FastTrack is going to target some successful projects which have active support from the communities around the world.
HG also listed some criteria for projects to fulfill before they can form part of FastTrack. Some of those conditions are: having a strong community support and excellent trading volume, willingness to distribute almost 500,000 USDT equivalent of its digital currency at a 50% discount, as well as the willingness to work together with Huboi Global.
The crypto exchange which is based in Singapore aims to announce five FastTrack project candidates per month, and the users of Huobi will be permitted to vote on the projects every week, to determine those who are going to be listed. Only one project is going to emerge as the winner per week, and HG is going to list it the same day.
The impressive price rally of HT
In one blog post, HG also provided more details regarding voter eligibility, FastTrack listing, the process of voting, Huobi Token burn, as well as the voting reward. Huobi has also revealed that the users who participate in the process of voting are going to be eligible to buy the HT or Huobi Tokens at a discounted price.
The achievements over the last several months seemed to have rubbed off on its native token, Huobi Token, which was performing excellently in recent times. A look at it actually shows that it is up by 30% against USDT over the last week. It was trading at $2.51 one week ago, but it has also risen in a strong uptrend to trade at $3.2 right now.
The daily trading volume of HT has gone up during the same period. One week ago, the 24-hour trading volume of HT had been $113 million. But, it is now up to $177 million.
The success of HG with the Bitcoin Pizza Day
Huobi Global celebrated the Bitcoin Pizza Day extraordinarily, and the exchange also recorded progress with its promo. Several days ago, it was reported that HG is going to celebrate the Bitcoin Pizza Day by offering some fantastic deals to lucky winners.
Huobi even sold BTC worth 1.5 million USDT to some eligible users at a discounted price. The promo has been divided into two rounds. In the first promotional round, Huboi sold 20% of the amount to the chosen traders at a 50% discount of the price of BTC.
In the second round, the rest 80% of the BTC has been sold at a 12% discount to some lucky traders. Lastly, the HG sold BTC to three lucky winners at the original Bitcoin Pizza price of $0.0031 per coin. One of those lucky winners, YaGor, also expressed his delight in one tweet.
The crypto community has been excited about the Bitcoin Pizza Day and also about Huobi Prime Day, with Charlie Shrem mentioning it in one of his videos. Huobi Prime Day shows the commitment of Huobi to encouraging more people actually to venture into the crypto space. Congratulations to all of the lucky winners.