Huobi Token (HT) Surges After Bitcoin Pizza Day Rebranding from Prime Lite to FastTrack

Bitcoin Pizza Day is the anniversary of an infamous purchase of pizza that used Bitcoin to pay, back when Bitcoin was worth less than a penny each. After celebrating this event with a massive promotion, Huobi Global has been in a pretty enjoyable place, which could not be better conveyed than the 23% rise in value of its token.

  • Huobi Global held a promotion for Bitcoin Pizza Day by selling BTC at a significantly reduced rate.
  • The Huobi Token jumped by 23% this week, and over 9% in the last 24 hours.

Huobi Global has been making waves in the crypto industry lately, with the launch of Prime Lite. However, three weeks later, the crypto exchange decided to rebrand the product to Fast Track, even though the product offering services were only just launched. Two days ago, the platform held a Bitcoin Pizza Day promotion.

Before becoming a part of FastTrack, interesting projects have to follow several prerequisites to qualify. According to Blokt, some of those requirements are:

  • A good trading volume
  • Strong community support
  • The possibility of providing a 50% discount on about 500,000 USDT or its equivalent
  • The readiness to work with the Huobi platform

Huobi plans to announce five candidates a month for the FastTrack platform, and the users of the Huobi platform will have the opportunity to vote each week on the projects, giving them complete control over which will be listed. Huobi will list the victorious project each week, which will be posted the same day that it wins the vote.

During a blog post, Huobi spoke about the eligibility of voters, along with the process, how the FastTrack Listing works, the burn of the Huobi Token, and the rewards applied during voting. Anyone that engages in the voting process would be eligible for a reduced price for the Huobi Tokens (HT).

The last few months of success seem to have boded well for HT, which has seen impressive performance lately. According to reports from Blokt, the token has risen by 30% over the course of the last week. Presently, it is trading at $3.24, seeing a 9.32% surge in just the last 24 hours. The official platform tweeted about their rise last night, though it has grown more since.

In honor of Bitcoin Pizza Day, the Huobi community was provided with multiple discounts and other impressive deals to a few winners.

During the event, there was 1.5 million USDT available in Bitcoin at a reduced rate. The promotion happened in two separate rounds, the first of which sold 20% of the available funds at a 50% rate. The second round sold the rest of the available BTC at a 12% discount. Still, there were three special winners that got the price that Bitcoin was sold at when the original pizza purchase took place – $0.0031 each. The event was so successful that even Charlie Shrem mentioned the event on a podcast.

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Krystle M
Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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