Place/Date: - April 14th, 2022 at 5:58 pm UTC · 3 min read
Huobi PrimeList, a premier token listing platform under Huobi Global, launched its most recent project EdgeSwap (EGS) on 8th April 2022 with an opening price of $0.015 Tether (USDT). Within 15 minutes of open trading, EGS tokens surged an incredible 2,366%, peaking at $0.37 USDT.
According to the data released by Huobi, approximately 49,559 users across 136 countries participated in the launch, of which 3,000 were able to purchase 3,333 EGS each. Based on the all time high (ATH) of $0.37 USDT, these 3,3333 EGS would be valued at approximately $1,233 USDT.
Huobi Primelist’s token listings have proven to be popular with investors since the first listing on November 1, 2021. Based on real-time data from Coinmarketcap, as of 11:58 (HKT time) on April 13, the daily trading volumes of Edgeswap (EGS) on Huobi ranked first among all other major exchanges, standing at US$17million.
Huobi Primelist provides a seamless and exceptional way for investors to access the latest crypto projects at listing price. The assets listed on Huobi Global cover a wide space — from NFT to GameFi and DeFi, reflecting Huobi’s efforts in catering to the needs and interests of its users. The wealth of financial opportunities available through Huobi Primelist is gaining significant attention, with each event seeing more than 40,000 participants.
Eligibility to enter the event is simple: users only need to reach a 3-day daily average volume of 500 USDT (spot trading) and hold no less than 50 USDT in their exchange accounts before the event starts.
Du Jun, Co-Founder of Huobi, said:
“With recent volatility in the crypto market, we’ve formulated more stringent screening conditions for listing tokens, thereby even under such circumstances, users will be able to gain access to projects that are truly equipped with technological or industry-leading advantages.”
EdgeSwap is an Ethereum-based Layer 2 trading protocol that adopts the ZK Rollup technology. Developed by Edge Labs, Edgeswap protects users’ assets and privacy through the highest level of security among Layer 2 scaling solutions.
EdgeSwap tackles the problem arising from low-performance and overpriced swapping and farming services in the market. To address this issue, EdgeSwap developed a hardware acceleration solution to achieve zero-knowledge proof circuit gate optimization and system scalability optimization; therefore, transactions can be completed within a few minutes and gas fees can be reduced to zero.
Huobi Global is a leading global exchange known for its excellent liquidity and strong risk-control system. In order to engage more users and give back to the community, Huobi is rolling out a series of campaigns such as Huobi PrimeEarn High-Yield Tuesday and Futures Master Trading Competition. To participate in the future events and purchase new assets at their listing price, click here.