We are very excited to be listed on Huobi exchange https://www.huobi.com, that ranks consistently among the top 3 cryptocurrency exchange platforms in the world. Trading will open on the 20 August 2018 but users can already start depositing. Huobi only lists projects on Huobi Pro which meet their strict application guidelines designed to protect investors and we feel validated in having passed their vetting process. Huobi’s cumulative turnover has surpassed $1 trillion and was at one time the world’s largest digital asset exchange, with a global share of 50 per cent.
Our desire to list on Huobi went way back in December 2017 where we first made contact and negotiations were on and off and even involved us visiting them in their Singapore office and through several staff changes at Huobi. The last stretch was particularly tricky as there were many stakeholders, tight schedules and moving parts involved so we are excited to finally have this concluded. All the costs associated with this listing did not come from our development fund wallet but were borne by our founders and seed investors including Tim Lee, Roger Ver and Poramin Insom and as such we are very thankful to their continued support of the project despite their busy schedules.
To encourage users to trade Zcoin XZC on Huobi, there are two promotional initiatives held by them. Firstly there will be trading campaign rewards competition for the top 50 real-name users with cumulative XZC trading volume (buy + sell volume excluding self-dealing) of not less than 6000 XZC (excluding trading fee). The campaign will be run from 20 August, 15:00 until 26 August , 15:00 (GMT +8) and the top winner will receive 1000 XZC with many other prizes for runner ups.
At the same time, there will also be a trade ONE get ONE free rewards program. All real-name users who successfully register with a cumulative XZC trading volume (buy + sell volume excluding self-dealing) of not less than 100 XZC (excluding trading fee), will receive 1.5 XZC.
With Zcoin’s listing on Huobi, we now have three solid top tier exchanges joining the ranks of Binance and Bittrex. We will be focusing future efforts on seeking out listings with interesting pairings/fiat pairings or those with specific market penetration.