As the cryptocurrency world continues to grow exponentially, with more ICOs launching each and every day, the world’s cryptocurrency exchanges are vying for further token additions and increasing users on their platforms. Exchanges are competing against each other in order to attract blockchain enthusiasts, investors, and traders. With a variety of different ICOs and alt coins being deployed every day, it may not be so easy for exchanges to decide on which digital tokens to add on to their trading platforms. Huobi Pro, one of the leading cryptocurrency exchanges in the world, now has a centralized operation mode which can audit and meticulously evaluate each possible digital token which may be considered as an addition to the exchange.

The process aforementioned may successfully filter out faulty digital tokens and provide high quality results. Nevertheless, a lengthy audit period, and heavy subjectivity, could make the process seem inefficient, and unable to keep up with the latest trends. Huobi Pro is concerned that this method may discard many positive investments from the hands of their clients. What Huobi is trying to do is provide investors and traders with numerous trading possibilities while simultaneously bring to the table startups and innovators to the equation, and connect them to potential investors.

In turn, Huobi has now newly launched Huobi Autonomous Digital Asset Exchange, also known as HADAX. On this platform, Huobi reaches that goal of putting together investors with innovative digital assets to pursue. HADAX now provides a new cutting-edge system implemented to determine which digital coins to add on to the exchange.

HADAX will work in the following way: Once a project displays a desire to be integrated into Huobi’s platforms, professionals at Huobi will audit and verify all aspects of the new cryptocurrency. Following this, the brand-new digital token will be reviewed by “Super Voting Nodes”, and investment firms which will evaluate the potential progress the coin can make. Once the digital token passes these steps, it will be approved for certified Huobi users to vote for! A single vote will cost 0.1 Huobi Token (HTs), and each user will be awarded a maximum of a 100,000 total votes. Two primary components are accounted for comes voting time. A total of 70% of the overall score will stem from the voting, while the remaining 30% will be from a security deposit. The top two scoring coins will then be displayed on HADAX’s platform, and the HTs used to vote for the winning projects will be kept by Huobi Pro. Alternatively, if a project fails to be added to HADAX, HTs used to vote will be fairly refunded.

It is clear that Huobi Pro is more than just a Bitcoin exchange, or a multiple cryptocurrency exchange, rather it is one of the leading innovative forces within the crypto/blockchain industry. I suggest checking out HADAX using this link!

By Jaime Gutt.