London-based Huobi Group, one of the leading digital asset financial solutions providers, recently announced it would begin accepting listing submissions from European and Australian blockchain companies on the Huobi Autonomous Digital Asset Exchange (HADAX).
Senior Business Development Manager, Chern Chung, said that following the considerable success of the first round of projects, Huobi wanted to open up the project further so that more people would be able to participate.
HADAX’s first “Europe & Australia Edition” launched on May 21, 2018, featuring the first cohort of projects from the two regions. Project teams can self-submit an application online and proceed to list their project, which will then be open to community voting. An internal risk assessment process will then follow. This assesses the project’s commercial viability, compliance, and risk control, after which a pre-defined timeframe will be put in place to garner enough votes from the community for an eventual trading listing
On June 4th, 2018, the fourth round of the EU Australian edition kicked off. The new voting period will run for five days, and the projects with the most votes will be listed. To qualify for HADAX’s special edition, projects have to be incorporated/based in these two regions and have more than 70% of their team members from these regions.
To date, HADAX has received submissions from hundreds of projects. Thus far, 29 projects made it to the public voting process, with the top project harnessing more than 90 million votes. After three rounds of voting, nine projects stood out and were successfully voted up for listing.
“HADAX aims to solve the biggest issues faced by both centralized and decentralized exchanges, which include lack of token variety, quality, and low liquidity. Since launching Huobi HADAX, we saw more than 50% of activity on the platform being attributed to Europe and Australia, which was what initially gave birth to this EU-AU Edition,” Chung added.
Supporters of the projects can vote with HT here.
No charges are required for voting, and millions of airdrop tokens are offered as incentives to supporters who participate. The processing time for the projects to be listed on the voting board is around ten days, so those projects interested in participation are required to apply as soon as possible. The submission is to be made via the standard HADAX application including the wording “Europe & Australia Edition” to indicate interest.
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