The crypto exchange giant is making a new move to meet up new trends in the cryptoshere by upgrading their previous HADAX exchange to Huobi Next and integrating it with Huobi Global.
In this article, we will look at what each exchange focus is about and while you need to move to Huobi Next in case you are already HADAX users or possibly consider giving it a try if you are a first time user too.
What is HADAX?
HADAX is an acronym of Huobi Autonomous Digital Asset Exchange owned by the popular centralized cryptocurrency exchange Huobi (also known as Huobi Global).
What is Huobi Next?
Huobi Next is the new name for HADAX as it will now be fully integrated with Huobi main exchange to make it much easier for users to navigate through both exchanges in one place without stress.
Some Unique Features of HADAX (now Huobi Next) Cryptocurrency Exchange
If we are to consider the fact that the mother platform Huobi is already among top cryptocurrency exchange in the world as of today. One, then wonders why the need to set up another cryptocurrency exchange. Thus, we will look through some of the unique features integrated HADAX (Huobi Next) which possibly could not easily be re-integrated into the already existing exchange.
- Crypto Coin/Token listed on HADAX (Huobi Next) goes through thorough examination by the team; third party pro organization and the members through voting before it could be listed. This means chances of having a shit coin/token scaling through all these though screening process is very slim. While, Huobi main uses in-house evaluation process and Huobi staff screen each potential project using the SMARTChain evaluation method, which is designed to methodically screen out fraudulent, low-quality projects before been listed.
- Crypto traders are more secured via token developers’ security fund: One of the essential prerequisites for getting listed on HADAX (Huobi Next) is Security Deposit. This means the token team are required to drop huge security deposit which they get back in 12 instalment payments within 1year and in case their project fails and get delisted for whatever reason, the security deposit will be paid to users to cover any losses caused instead of been paid back to the team.
- Traders have the say with voting power using Huobi Token (HT) to finalize which coin/token get listed even after HADAX team thorough check. Additionally, all project that could not make it to listing and decide to drop reapplying will have all the HT token used for voting by users returned to their respective voters, that seems much interesting too.
- Though most cryptocurrency exchanges are now subjecting coin/token to voting before listing but some can easily by pass that if they have the huge cash requirement to get listed without voting but that is not allowed on HADAX (Huobi Next), every listed coin/token must go through the audit and users voting before been listed.
The above makes every coin/token team to do their homework well before applying for listing on HADAX or risk the huge loss and HADAX (Huobi Next) secures its users with their security deposit. To learn more about the processes involved in voting and listing on Huobi Next, read details on Huobi Blog.
Who Is Huobi Global?
Huobi Group, established in 2013, is the leading global Blockchain asset financial service provider. Headquartered in Singapore, Huobi Group has operations across the entire Blockchain value chain creating a formidable ecosystem which complements one another, which includes: Huobi Pro (now Huobi Main), HADAX (now Huobi Next), Huobi Research, Huobi Capital, Huobi Labs, Huobi Mining Pool and Huobi Ecosystem. At the end of 2017, the cumulative trading volume of Huobi amounted to over US$800 billion.
Huobi Main (formerly Huobi Pro) is one of the leading digital asset exchanges globally. Through its platform, Huobi offers cryptocurrency traders worldwide access to more than 100 digital assets. In addition, Huobi’s OTC platform provides a transparent and highly reliable third-party escrow platform for global users with digital assets to conduct their trading activities between fiat and cryptocurrencies. Underpinned by world-class security and risk control systems, it is one of the safest exchanges in the market today and also proud to be the first cryptocurrency exchange that provides 24/7 customer service.
How Does Changes To HADAX Impact Users Experience?
The changes and upgrades do not in any way negatively impact the users’ experience on the exchange and the new name Huobi Next, is majorly to reflect the close integration with the mother platform. With this integration, it will be much easier to access both exchanges in one place more than before.
If you are in the lookout for new Blockchain/Crypto projects with possible future growths tokens to buy and trade, then Huobi Next is one of the platforms for such. To get started Click Here Now!
Kindly do your own researches before you invest in any crypto project because the above is for information purpose only, and not to be taken as professional or legal investment/trading advice.