The exchange of chips with autonomous tokens of Huobi,
HADAX , has announced that it is postponing the next round of voting for new lists of tokens on the platform. The declaration,
published On July 2, follow the latest updates of your voting rules. HADAX is an important segment of the cryptocurrency exchange
Huobi , in which users can vote using native Huobi tokens (HT) to select digital assets that will be displayed and marketed on the platform. Last week, Huobi announced updates to the rules governing the voting process for new lists. After launching HADAX in February, Huboi soon introduced a voting system in which submitted projects must pass a preliminary audit by the Huobi team. The audits are followed by a review by the so-called "
Super Nodes ": a jury of investment firms of great reputation, both in traditional and cryptospecific environments. On June 29, Huobi
ad that was introducing a hierarchy in the balance of power between the different firms that acted as Super Nodes for their voting system, dividing them into two subsets, called "Permanent Nodes" and "Selected Nodes". The new rules stipulated that any project that does not have the support of at least one Permanent Node will be eliminated from the vote, effectively granting the Permanent Nodes greater decision power to decide which chips can be listed on the HADAX platform. For its 14 permanent nodes, Huboi announced that it would invite the main traditional venture capital firms to join ZhenFund, FBG, Unity Ventures and Draper Dragon, as well as the heavyweight of the crypto industry.
Bitmain and the important South Korean crypto fund
hash . According to the June 29 announcement, the Selected Nodes include smaller crypto firms such as Node Capital, Dfund and BlockVC. Voting under this new system was to begin today, July 2, but Huobi has delayed its opening, which will be the first round of the fourth voting phase since the launch of the platform. Today's announcement says that "due to the participation of new nodes", as well as the introduction of new rules, which "are still being discussed intensively", the company has decided to delay the vote until more "specific arrangements" are announced. Based in Singapore, Huobi is currently the
fourth largest cryptocurrency exchange of the world by volume of trade, with around $ 492 million in transactions during the 24-hour period at the time of publication. The company has expanded proactively in 2018,
diversifying their
investment products Y
services and targeting foreign markets, launching a
subsidiary in
South Korea , as well as a trading platform
of "strategic" partners In the USA.
Just last week, Huobi confirmed the opening of its office in London, with evidence of OTC trading that will begin in the third quarter of this year.
