Interested in taking part of Huobi Prime’s launch of the decentralized finance (DeFi)-focused project Akropolis (AKRO) at 20:00 (GMT+8) this Tuesday, July 16? Have questions on what rules will apply? Want to know more about Akropolis itself?
In this quick-and-easy primer, we’ll take you through the project and a few of the key things to keep in mind this time around.
Akropolis: An Introduction:
Akropolis aims to provide a platform and toolkit to build largely scalable, well-coordinated and transparent informal economies through the power of decentralized finance (DeFi). Akropolis’ mission is to empower and enable people to build, scale, and professionalize informal financial organizations via their comprehensive, user-friendly and complete platform. Founded by a former member of Lehman Brothers and advisor to the Web3 Foundation Council, the project aims to take the best of legacy financial systems and, through technology, to re-engineer them and adapt them to a wider, more inclusive, and borderless user base.
Working with partners such as Polkadot, ChainX, MakerDAO, and the Web3 Foundation, Akropolis enables the creation and management of member-owned financial organizations designed to step in to provide the trifecta of basic financial services (savings, investments, social insurance) through a robust distributed network without reliance on governments or legacy financial institutions.
Project Details:
Token Name：Akropolis (AKRO)
Total Token Supply：4,000,000,000 AKRO
Prime Trading Allocation in Total：320,000,000 AKRO (8% of Total Token Supply)
Prime Trading Allocation in each “Price Limit”Round：64,000,000 AKRO、256,000,000 AKRO
Respective “Price Limit” for each Round：1AKRO = $0.005、$0.008125（HT exchange ratio will be announced on launch date）
For more information on Akropolis, click here.
Prime 4: How Will It Will Work?
Trading on Huobi Prime 4 will be slightly different than previous rounds of Huobi Prime. We’ll take you through the key parts of the process below.
Before You Start, Make Sure You Are Qualified To Participate – And Have Enough HT
Unless you win qualification under special circumstances (such as earning a trading cap via one of the many Prime-related promotions we are running), you’ll want to make sure you have held not less than 1,000 Huobi Token (HT) between May 22 (the date of the last Prime launch) and the AKRO launch. If at any point you held less than that, you may be ineligible for this round of Prime.
We require this in order to reward long-term HT holders and to ensure that those who have invested in our ecosystem get a chance at Prime launches.
Also, do remember that the larger your HT holdings over that period, the larger Prime the orders you qualify for will be (up to a limit of 5,000 HT).
Finally, as all purchases are made with HT on Prime, you’ll want to make sure you have plenty of HT on hand on launch day.
The Trading Rounds:
As with our previous Prime launch of Reserve’s RSR token, Huobi Prime’s launch of AKRO will consist of two rounds of trading. Each round will last 10 minutes with a 10 minute clearance period in between. As always with Prime, the price of AKRO will be set at steep discounts for each round.
The first price limited round will adopt a jackpot mechanism. When a qualified Prime user enters an order, the system will assign him or her between 1 to 5 electronic tickets worth 400 USDT of HT each (number of tickets each user gets will be based on overall trading cap). Huobi will then select 800 winning tickets from the total number generated by all users. Each winning ticket will then be converted into an equivalent amount of AKRO. As a result, individual users may have their order go unfilled, be partially filled, or be fully filled.
In the second price limited round, all qualified orders will be partially filled based on adjusted system matching.
About Huobi Prime:
Launched in March, Huobi Prime offer the following key features:
- All coins purchased through Huobi Prime are immediately deposited into user’s accounts and are tradable on Huobi Global against Huobi Token (HT), our native token. No need to wait for presales or similar delays.
- Rigorous screening and selection processes to ensure only premium projects that have yet to be listed on any major exchange are included.
- Early access to coins at below market prices.
- Access for both big and small players. Huobi Prime is open to average users, not just professionals or VIPs.
- In order to mitigate periods of extreme volatility when the market opens, and to reduce the risk of adverse impacts on users, we have also added a period of tiered price limits.
Got more questions? Don’t hesitate to check out or in-depth procedures and rules for Prime 4 here – or just reach out to our friendly customer service officers.
Disclaimer: All information about AKRO is provided and verified by the AKRO team and Huobi Prime is not responsible for the correctness of the related content. Huobi Prime will not, under any circumstances, make price forecasts or representations as to the asset’s investment characteristics. Huobi Prime will not provide any trading or financial advice and Huobi Prime users should conduct independent analysis including, where appropriate, taking third party legal, tax and financial advice. Huobi Prime is limited to users from jurisdictions where digital asset trading is a permissible activity and no regulatory restrictions apply.
