Huobi Global, one of the world’s leading digital asset exchanges, announced the launch of the second Primepool event following the successful completion of the first Primepool event last week. With a total of 16.83 million newly-listed token rewards, the launch of the second event underscores Huobi’s efforts to fulfill its commitment to its community while also enhancing the Huobi Token (HT) ecosystem.
“We were thrilled to see 3,256 users spanning 79 countries participate in the first Primepool event, resulting in a 3% increase in the price of HT within the first 25-35 minutes,” stated Ciara Sun, Vice President of Global Markets at Huobi Group. “Through events like Primepool, we’re able to engage with our users in a more direct and interesting way, as well as reward them for their commitment to Huobi.”
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The previous “stake to earn new tokens” event yielded positive results. DeFine (DFA), which started at the opening price of 0.100 Tether (USDT), skyrocketed to 3.5767 USDT with the price change breaking 3476.7% in only 5 minutes. The annualized yield of DFA mining was as high as 514% and 1,173% for APENFT(NFT). The highest increase of DFA and NFT mining were 4500% and 6500%, respectively.
The second project listed on Primepool is Sakura (SKU), a cross-chain DeFi infrastructure based on the Substrate architecture for the Kusama network. Using the original Clover feeconomics design, Sakura allows users to enjoy gas-free transactions without having to keep SKUs in their wallets to trade on the Sakura network.
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The upcoming event also utilizes a tiered rewards system, offering retail investors even more opportunities to profit. Users who want to obtain SKU in the 2nd Primepool event can simply stake a fixed amount of HT or Clover Finance (CLV).
Ciara added, “The first Primepool event has been a huge success as many of our users gained their anticipated rewards, so I believe the second Primepool will embrace more participants and bring greater opportunities for our community.”
