Interested in participating in Huobi FastTrack’s inaugural launch? The following guide will take you through everything you need to know to take part.
FastTrack OVERVIEW
Simply put, Huobi FastTrack is a coin listing platform that puts you, the user, in control of what tokens are listed.
- Huobi Global will announce 5 FastTrack project candidates each month.
- Weekly elections will be held where users can use Huobi Token (HT) to vote on the project they support. You can only support one project each week.
- The project that gets the most votes in a given week will be listed on Huobi Global’s main board the same day.
- Users who cast HT for a winning project will have their HT at least partially exchanged for the winning token at 50% off market price.
- Remaining projects will rollover to the next week and the votes are recast.
Voting Eligibility & Rules
Participants must maintain a minimum HT holding of 1,000HT during the HT Holding Period between May 9 and June 13 to qualify for FastTrack voting. Eligible FastTrack users can vote up to the lowest HT position held during the HT holding period. No voter may cast more than 5,000 HT worth of votes.
The HT holding period is defined as the period between each voting session i.e. typically one (1) week (*with exception for the initial FastTrack vote).
Minimum HT Position to Vote on FastTrack (Floor): 1,000HT
Maximum HT Votes Applicable Per Individual (Cap): 5,000HT
Voting Denomination: Minimum 1 HT (i.e. no fractional votes)
*Note: 100% of HT held by user, limited to the user’s voting cap, will be automatically applied for voting. There is no option to vote less than your voting cap.
FastTrack Phase 1 Round 1 (on June 13 2019)
FastTrack First Round Project Details ( @ HT = 3.35USDT)
1. Project Name：Origo.Network（OGO）
Distribution Token Amount ：11,111,120 OGO
Price After Discount：0.045 USD = 0.013433 HT
Project Introduction：Click here for more
2. Project Name：Atlas Protocol（ATP）
Distribution Token Amount：71,429,000 ATP
Price After Discount：0.007 USD = 0.002090 HT
Project Introduction：Click here for more
3. Project Name：Fusion（FSN）
Distribution Token Amount：1,171,585.76 FSN
Price After Discount：0.426772 USD = 0.127395 HT
Project Introduction：Click here for more
4. Project Name：Skrumble Network（SKM）
Distribution Token Amount：217,000,000 SKM
Price After Discount：0.0023 USD = 0.000687 HT
Project Introduction：Click here for more
5. Project Name：New Kind of Network（NKN）
Distribution Token Amount：14,903,130 NKN
Price After Discount：0.03355 USD = 0.010015 HT
Project Introduction：Click here for more
Detailed Schedule
Voting Stage: 20:00:00 – 20:59:59 June 13, 2019(GMT+8) (1 hour in total);
Token Exchange: 21:00:00 – 21:09:59 June 13, 2019 (GMT+8);
Listing Stage: 22:00:00 June 13, 2019(GMT+8); Winning Project will be eligible for listing. Deposit/Withdrawal services and free trading of USDT, BTC and HT trading pairs will be subsequently launched.
As ATP mainnet has only recently launched, additional development effort will be required to integrate with it. As such, should ATP win the first voting round, opening of deposit, withdrawal and trading services will be postponed till further notice.
1. FastTrack will inherit the Prime Lite Trading Protection: In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 mins after official trading opens and users are unable to place orders at prices 5 times higher than the highest tradable price during Price Limit Round;
2. Huobi reserves the right to void a project’s vote count, or eliminate FastTrack voting eligibility if signs of cheating are discovered.
Project Details:
| Details | Project 1 | Project 2 | Project 3 | Project 4 | Project 5 |
| Token Name | Atlas Protocol (ATP) | Fusion (FSN) | New Kind of Network (NKN) | Origo.Network (OGO) | Skrumble Network (SKM) |
| Project Intro | Atlas intro | Fusion intro | NKN intro | Origo intro | SKM intro |
| Website | https://www.atlasp.io | https://www.fusion.org/ | https://nkn.org/ | https://origo.network/ | www.skrumble.network |
| Results | Pending Round 1 | Pending Round 1 | Pending Round 1 | Pending Round 1 | Pending Round 1 |
3 Steps for FastTrack Voting
Click here to check your voting quota: FastTrack Eligibility
Step 1: Login to HBG 20 minutes ahead of time via web, *app or client.
*Make sure you have the most up to date version of the App version on your mobile device.
Step Two: Click ‘voting’ button to vote for your project during the voting period and click ‘Confirm’ to submit. Only one (1) project can be selected.
Please note that there is no option to specify HT vote quantity. All HT holdings, subject to the trading limit of 5,000HT, will be applied to the vote by the system.
Step Three: Wait for results of vote and final allocation details after voting stage is completed. The project that gets the most votes will be listed on Huobi Global the same day. Users who cast votes for that project will have their HT at least partially exchanged for the winning token via adjusted system matching based on the following formula:
All updates are on the same FastTrack page.
Lucky User
10 lucky winners will be able to exchange their entire HT votes for the winning token. How do you know if you are a Lucky User? Lucky users who get to receive 100% order fills will receive this Koi (Fish) pop-up.
