The first project that launched on Huobi Prime

On the 26th of March, Huobi Group successfully launched its Direct Premium Offering (DPO) platform, called Huobi Prime. The first token listed on the platform, TOP Token has performed extremely well since its launch. At the time of writing TOP is trading 6x ROI, from the initial Huobi Prime price. In this article, I want to provide further insights into the project and my long term price forecast.

Huobi Prime

Huobi Prime has seen a great launch of their first listed project, TOP Network. The three-part DPO was sold out in less than a minute. According to the data provided by Huobi, the DPO rounds sold out in 7 seconds, 5 seconds and 7 seconds after their launch, approximately 130,000 people worldwide tried to participate, of which 3764 people were successful in buying TOP Tokens.

The next project will be launched on Huobi Prime on the 16th of April (GMT+8). In order to be able to participate, users need to be holding a daily average of 500 HT, during the 30 days prior to the DPO.

TOP Network

Top Network proposes a high-performance blockchain platform, for real-world business use cases. Three main features are shaping the project, the high-performance blockchain, a multi-chain platform and three layers of distributed ledgers.

Top Network is a project that already has a user base of over 50 million users. The userbase is built through their three apps, called DingTone, CoverMe and SkyVPN. All the apps can be downloaded in the Appstore. Top Network aims to migrate the existing apps into its decentralized platform. Powered by its high-performance blockchain, TOP Network offers an array of cloud communications services, like messaging, calling, VPN, CDN and IoT data sharing.

TOP Networks native token, TOP, will be used to replace fiat currencies and it will be used to generate reward points as the tool of in-app payment and incentive plan.

Ontology Incubator

TOP Network has been taken under Ontology’s wing in their blockchain incubator platform. Ontology has invested in TOP Network as well as other blockchain projects, QTUM and Neo Global Capital.

TOP will use Ontology’s ONT ID account system to offer ONT and ONG payments within the ecosystem.

Partnership Algorand

TOP Network announced it will be collaborating with fellow blockchain project Algorand to do research and development into scalable blockchain services and infrastructure components on the public blockchain.

Data provided by: https://huobiglobal.zendesk.com/hc/en-us/articles/360000223421

Tokenomics

The tokenomics for TOP are pretty transparent. A total of 20,000,000,000 TOP tokens are created, of which 22% goes towards the token sale. Of that 22 %, 7.5% were available at Huobi Prime, 6.5% were sold in the seed round, 5% of the tokens were sold in the cornerstone round and another 3% went towards the private sale round.

The initial supply is 12.5% of the tokens. These tokens will be tradeable on Huobi Global.

Concluding remarks

Given the information listed in this article, the successful global listing premiere of TOP Network on Huobi Prime, with an instant multiple x return on investment, the partnership with Algorand, the support from other top blockchain projects like, Ontology, NEO and QTUM and the extensive userbase the project already has, make me feel very bullish for TOP Network in the long term.

At the time of writing (several hours after TOP was listed on Huobi Global), TOP is trading at almost 6x ROI. The total amount that was raised in the crowdsale was $15,000,000. Making it a $90,000,000 project if all the token sale tokens were to be unlocked at the moment.

It would not surprise me if TOP Network would enter the Coinmarketcap top 100 in the short term. As for the long term, it might achieve a top 50 place in a few months.

I will be following this project closely and I am looking forward to more partnerships, project developments and listing announcements.