London, July 30, 2021 — Huobi Global, one of the world’s leading digital asset exchanges, announced today the launch of Primepool, a digital asset mining platform that aims at offering users an easy and convenient method to participate in the ecological development of the new listing projects. This follows the setup of the Pioneer Zone, a trading sector dedicated to building a bridge between investors and high-quality projects.
Primepool is launched based on “new assets” and “DeFi (decentralized finance) mining” activities held by Huobi previously. Users would be able to participate in the asset-locking activities and gain rewards through staking designated assets on Primepool.
“As a safe and reliable mining platform, Primepool allows users who are interested in the project to take part in its ecological development with a low barrier of entry and thereby obtain greater wealth effects,” stated Ciara Sun, vice president of global markets at Huobi Group.
The first project listed on Primepool is DeFine, a unique nonfungible token-based decentralized social network for Web 3.0, which was born with a mission to facilitate social interaction, engagement and communication for creators and their fan bases with its native DFA token.
“Despite the fact that many premium projects emerged in recent years, lots of retail traders are still not able to access these projects. By offering them an opportunity with the introduction of Primepool, we want to show that the market is not just for investors with a large investing budget. I believe this will also enhance inclusiveness in the crypto space and help build a sound crypto ecosystem,” commented Sun.
Huobi Primepool event
Event 1. From Aug. 2 at 8:00 am UTC to Aug. 9 at 8:00 am UTC, users can join DeFine mining through staking a certain amount of Huobi Token (HT) or Ether (ETH). The mining rewards will be distributed based on the user’s staking amount on that day. The mining prize pool for each stage are as follows:
- 24-hour HT mining rewards: 250,000 DeFine (first phase); 190,000 DeFine (second phase)
- 24-hour ETH mining rewards: 110,000 DeFine (first phase); 80,000 DeFine (second phase)
There is no upper limit of staking amount and users can withdraw at any time they want.
Event 2. From Aug. 2 at 8:00 am UTC to Aug. 9 at 7:59 am UTC, users can lock no less than 10 HT or 0.1 ETH to participate in DeFine mining. 120 lucky users will be chosen by the system randomly and share a total of 90,000 DeFine rewards.
The mining rewards for each stage are as follows:
- Phase one: 20 lucky users will win 1,500 DeFine each
- Phase two: 100 lucky users will win 600 DeFine each
How to participate
About Huobi Group
Huobi Group is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by liquidity and real-trading volume. Trusted by users in over 170 countries, the Huobi platform is dedicated to improving financial freedom and inclusive access for all users. Huobi boasts an unmatched portfolio of crypto products and offerings. This includes trading and financial products, cryptocurrency and blockchain financial infrastructure solutions, education, data and research, social welfare, investment, incubation and much more, always innovating on the horizon. For more information, please visit here.