Have questions on how to use Huobi Prime Lite, the new, streamlined launch platform for quality crypto projects? Interested in participating in our inaugural launch of ThunderCore’s Thunder Token (TT) at 20:00 (GMT + 8) this Thursday, May 9 but not sure exactly what to do?
We’ve got your back. In this post, we’ll take you through how to use Prime Lite and how to get your Thunder Tokens in just a few simple steps.
Step 1: Do You Have Enough HT?
All purchases on Prime Lite will be made through Huobi Token (HT), our native token, so you want to make sure you have enough on hand to buy what you want.
Unlike the first two rounds of Huobi Prime, you don’t need to be a long-term holder of HT to take part in Prime Lite, however. For our inaugural Prime Lite launch, all qualified Huobi Global users who participate are eligible to trade up to 100 HT for Thunder Tokens – regardless of their past HT holdings.
Larger purchases are possible but are only eligible to users who hold some amount of HT over the seven (7) days prior to the launch of Thunder Token. How much HT do you need to hold? That depends on how much you want to buy. For our inaugural launch of Thunder Token, your total purchase cap will be set at the smallest one day holding of HT you held over that seven day period (May 2 to May 8). Say, for example, you hold 2000 HT seven days from a launch, 2000 six days out, 1500 five days out, 1000 four days out, 2500 three days out, 1500 two days out, and 2000 HT on the day before. In this case, you would be eligible to make up to 1000 HT worth of Thunder Token purchases for this phase of Prime Lite.
Please note that all individual purchases are capped at no more than 5000 HT.
Step 2: Get Set!
Before the launch of Thunder Token on Prime Lite, a countdown clock and banner will appear when you log into your account at www.HBG.com and a smaller Prime Lite logo will appear on your mobile Huobi app. To access Prime Lite, simply click on the Prime Lite banner or logo.
This should take you to the Prime Lite page as seen here:
TIP: we recommend accessing the Prime Lite page at least an hour before the countdown clock reaches zero and trading officially starts. In the case of our launch of Thunder Token, that means being logged in by 19:00 (GMT + 8) on Thursday, May 9 for our 20:00 launch.
Step 3: Start Trading
Once the countdown clock hits zero, active trading on Prime will begin.
Unlike Huobi Prime, there will be only one round of price-limited active trading for Prime Lite from 20:00 to 20:20 (GMT + 8), followed by a 10 minute settlement period. Similar to the community round of the second full Huobi Prime, all qualified participants who place orders during this active trading round will have them at least partially fulfilled via adjusted system matching.
Before we explore how this will work, let’s go through how exactly to make trades. It’s really quite simple. Once active trading begins for Prime Lite, simply enter the amount of Thunder Tokens you desire and click the “Buy” button.
A window with a slider will pop up. It’s there to prevent bots from abusing the system. Using the slider is actually quite simple; simply click on the button and slide it to the right (for desktop) or to the target (for mobile) in order to authorize your purchase.
After the settlement period finishes for this round of Prime Lite, Thunder Token will officially be listed on Huobi Global and can be traded freely.
How Will Orders Be Filled?
As mentioned before, all qualified Prime Lite users who place orders during the active trading period will get at least some of the tokens they want via adjusted system matching. How much each trader gets is dependent on the number active traders we have in that round and their individual cap. Orders will be filled via the following formula:
That’s it. That’s all it takes to buy tokens on Prime Lite. Good luck and see you on May 9!
Thunder Token (TT) Key Data:
Founded by noted cryptographic researchers Elaine Shi and Rafael Pass, of Cornell University and Cornell Tech, as well as CEO Chris Wang, founder of the social media gaming company Playdom, ThunderCore sets itself apart through fast throughputs of 1,200+ TPS, sub-second confirmation times, and full Ethereum Virtual Machine (EVM) dApp compatibility.
Token Name: Thunder Token (TT)
Total Token Supply: 10,000,000,000 TT
Prime Lite Allocation: 33,333,333 TT (0.33% of Total Token Supply)
Price Limit: 1 TT =$0.015 (Price in HT will be announced on Prime Lite date)
Prime Lite Trading Session Start: 20:00 May 9, 2019 (GMT+8)
Individual Cap: 100HT worth of TT tokens as basic cap, with an additional cap equal to the minimal number of TT tokens held over the 7 days period before launch (5000 HT worth of TT tokens at maximum for additional cap);
Disclaimer: Huobi Prime and Prime Lite will not, under any circumstances, make price forecasts or representations as to the asset’s investment characteristics. Huobi Prime and Prime Lite will not provide any trading or financial advice and Huobi Prime and Prime Lite users should conduct independent analysis including, where appropriate, taking third party legal, tax and financial advice. Huobi Prime and Prime Lite is limited to users from jurisdictions where digital asset trading is a permissible activity and no regulatory restrictions apply.