Huobi exchange opens voting on listing new tokens

By: Jinia Shawdagor
Jinia Shawdagor
Jinia is a cryptocurrency and blockchain enthusiast based in Sweden. She loves everything positive, travelling, and extracting joy and… read more.
on Jul 20, 2020
  • The voting started on July 16 and will end on August 16.
  • Among the coins that Huobi has proposed for listing are ENJ and ONT.
  • Each Huobi account is entitled to a single vote every Friday for a minimum of five votes.

Houbi, a leading Japanese exchange has provided its account holders with an opportunity to vote on listing new tokens. The exchange unveiled this information on July 16 through an official post on its website, noting that the account holders have a month to select six tokens that they would like to have listed. Per the post, the exchange is considering adding support for enjin (ENJ), IOS Token (IOST), Neo (NEO), Ontology (ONT), Qtum (QTUM), and Tezos (XTZ).

Reportedly, Huobi account holders started voting on July 16. The exchange grants one vote per account every Friday for a minimum of five votes. Voting will last for a month, ending on August 16. Huobi noted that it would consider listing the token that receives the highest number of votes. However, the exchange offered no guarantees.

Huobi’s options

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Three of the tokens that Huobi is considering to list are based in China. For instance, the IOST platform rivals the Ethereum blockchain. Its token also revolves around the Internet of Services (IoS). The coins are also usable on the IOST platform and as fees for smart contracts. Neo is a public blockchain project that can incorporate digital IDs and smart contracts. On the other hand, ONT provides blockchain solutions for businesses.

The rest of the coins have somewhat international roots. Tezos is a proof-of-stake (PoS) based blockchain developed jointly by the US and Switzerland. ENJ powers the Enjin blockchain gaming platform, which allows developers to create digital assets that are underpinned by the token. The platform then supplies the digital assets to users as in-game items.

Out of the six proposed coins, QTUM is the only one that Japan’s regulatory body, Financial Service Agency (FSA) has whitelisted at the moment. The coin is already available for trading on Coincheck exchange.

Huobi’s assortment of major coins

At the moment, Huobi offers seven digital currencies for trading on its platform. These include bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), and monacoin (MONA). The exchange’s native coin Huobi Token (HT) became available as the first international exchange token on July 14.

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