We all probably know Huobi Pro by now as they are one of the top Digital Asset exchanges currently by trade volume. Huobi Group has currently two main platforms for those who wish to trade these new virtual currencies and now we are going to focus on one of the most interesting features of HADAX, the second exchange of the company.

HADAX stands for Huobi Autonomous Digital Asset Exchange and offers a different approach to legacy exchanges. Instead of central planning, here users’, the community and influencers have the power to vote new projects for a listing to the exchange while also keeping the security model and the quality structure of the original Huobi Pro. The only thing that Huobi does is doublecheck project for legitimacy.

An additional interesting part of the platform’s process and decision making are the Huobi Super Nodes or Voting Nodes. The Super Nodes represent reputable investment institutions (or possibly venture capitalists) who assists HADAX in making professional reviews and who also vote for projects that apply for a listing on the platform. This helps to maintain quality and also adds a new layer on top of the community that helps with the decision making.

There are various positive aspects to running Super Nodes, which could attract venture capitalists and cryptocurrency influencers.

Super Nodes take part in the screening process for massive projects, thus gather critical knowledge and also gain influence in the field.

Project that are filed for voting by Super Nodes gain priority for the initial review by Huobi. This means that a large number of projects need to communicate with the Super Nodes. In case a full consensus is reached for a project listing by the Super Nodes, the project will get a chance to be listed on Huobi Pro instead.

There will also be a “Super Node Voting Special Sessions” where the project that gains advantage over the others with the help of the influencers could take the top spot for the HADAX voting list.

Additionally these HADAX Voting Nodes gain the confidence of Huobi Group, thus will be able to take part in special workshops and events organised by business where Huobi Capital and Huobi Research Institute will be present to analyze the blockchain industry.

Blockchain Festival Vietnam was hosted a few days ago where Huobi partnered with the Super Nodes and gave them the opportunity to host their own boots with billboards and promotional material.

Here is a non-complete list of the current blockchain businesses that act as voters to give the readers a feel on what the importance of HADAX listings are: Bitmain, BlockVC, Genesis, Dfund, FBG Capital, Fenbushi Digital, etc.

You probably recognize some if not all of these names as they are major players in the blockchain business.

To highlight a few, the China based Bitmain is currently the biggest ASIC miner producer in the world, owning a wide variety of products that target several mining algorhytms. They have huge knowledge and influence in the industry. Bitman could be a valuable partner for the upcoming start ups, especially if they also plan token distribution via minng.

Another major player in the field and honorary mention is FBG Capital. The China based investment venture has backed several successful and fundamentally valuable projects like IOST, Zilliqa, MakerDAO, EximChain, etc. The value of past year’s investments account for more than 100,000 million USD meaning that they are heavily investing in progressive blockchain technology and might also have a good eye for successful projects.

All in all most ventures taking part currently are known for what they achieved so far and there are still some spots to fill. The complete list for the current HADAX Voting Nodes and registration form for those who are interested can be found here: HADAX Super Node List

In case you are interested in submitting projects or trading through HADAX / Huobi Pro sign up here: Huobi.Pro