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What Huobi Listing Really Means For Hive

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sidwrites
@sidwrites
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Dear Hivers,

Having closely worked with two Chinese crypto exchanges, I can tell you:

We always looked upto Huobi. Like... really did.

Because not only did the exchange partner up with the Chinese government but also introduced a slew of quality products into the industry while supporting 100+ countries.

And now?

With the recent AMA, Huobi is listing Hive token. ❤️

Here's what it really means:

You will be seeing a drastic change in the price of Hive. In fact, it is already happening:

Yes — we are pumping by 40% and more...

This is because Huobi is listing the following pairs on its platform:

  • HIVE/USDT
  • HIVE/BTC
  • HIVE/HT

Trading begins 14:00, April 24, 2020 (GMT+8).

I am not sure if everyone knows this:

Huobi is the #1 exchange out there. And yes — it is bigger than Binance.

Take any “accurate” volume monitoring tool and you can see the proof:

(Data from FTX)

What does this mean to us?

Two things:

  1. Hive is listed on the #1 exchange - so other tiny exchanges will make moves to list Hive soon. (There are dedicated managers whose job is to find quality hot tokens out there in the market)
  2. Hive token will have better liquidity (and more volume, which brings in more traders).

Huobi is currently running a promotion to giveaway 100,000 Hive tokens:

On top of this, the recent AMA is bringing in a large set of users on Hive.

They are seeing something new.

And if that's not enough:

We will have many serious traders turning into hodlers on the Huobi platform.

Here is where it gets better:

You can be part of the Huobi's referral program. And then you can invite others to join under you.

This does two things:

First, it creates a network effect. Like a funnel, more people enter Huobi – buy and sell more tokens – including Hive.

Second, you earn passive income. Right now, there is a 30% cashback on the fees. You get this income every day. That's pretty cool, isn't it?

It is a win-win opportunity.

And if you want to do more?

You can begin to promote the referral link on your Hive blog and on your social media account (Twitter works the best).

Note: Huobi requires KYC. If you are planning to sign up, feel free to use my referral link.

For the 1200 employees at Huobi, token listing is a regular affair. They continue to fish for quality projects each and every week. For the Hive community, however, this smashing move is the beginning of a new journey.

Huobi exchange acts as a perfect foundation to expand the noise around the Hive blockchain. It validates the vision – and will invite thousands of users with time.

The listing establishes brand awareness and more visibility in the crypto sphere.

Plus, as we onboard new users, we will begin to see a spike in applications, users, and the overall Hive ecosystem.

Good times are certainly here.

Cheers, Sid

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