Huobi Japan Conducts Poll To Determine Next 6 Cryptocurrencies For Listing July 20, 2020 July 20, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJuly 20, 2020 by Kelly Cromley

Huobi Japan Conducts Poll To Determine Next 6 Cryptocurrencies For Listing

Huobi GroupPopular Japanese cryptocurrency exchange Huobi has invited users to choose cryptos they prefer to get listed on the platform.

As per an update made by Huboi, the Japanese exchange is looking at the option of adding Enjin (ENJ), Neo (NEO), IOS Token (IOST), Ontology (ONT), Tezos (XTZ) and Qtum (QTUM).

Huobi account holders have begun voting on the tokens which they wish to get listed on the trading platform on July 16. Users will be able to cast one vote per account every Friday, subject to a maximum of five votes.

Voting will complete at midnight on August 16. The Japanese cryptocurrency exchange has stated that listing will be based on the maximum number of votes received for a token, but is not guaranteed.

Of the list of tokens offered for listing, three of them are backed by Chinese companies. The IOST platform is perceived as a competitor to Ethereum blockchain while its native crypto token is focused on Internet of Services (IoS).

The crypto tokens can be used as mode of payment on the IOST platform and also as fees for smart contracts. NEO is a public blockchain venture that can embed digital IDs and smart contracts, while ONT offers blockchain solutions for enterprises.

Other cryptos have available worldwide. Tezos is a PoS (Proof-of-Stake) based blockchain, a joint venture between the US and Switzerland. ENJ supports the blockchain gaming platform Enjin, facilitating coders to develop cryptos powered by the token which can be disbursed to clients as in-game goods.

Of the six crypto currencies proposed by Huobi, only QTUM has been whitelisted by the Financial Services Agency (FSA), Japan’s regulatory body, and listed by Coincheck.

Huobi presently offers seven digital currencies for trading on the exchange, including Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), MonaCoin (MONA) and Litecoin. On July, 14, its native crypto Huobi Token (HT) was listed as the first global exchange token.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.