TOP Network will be listed on Coinsuper, a Hong Kong-based cryptocurrency exchange, on June 4 following a successful launch through Huobi Prime in March.
Coinsuper users will have access to deposit and withdraw TOP beginning at 12 pm (GMT+8) on June 4 and freely trade TOP against USD and BTC at 5 pm (GMT+8) on June 6. The circulating supply of TOP remains around 2.5 billion, accounting for 12.5% of the total supply.
TOP Network went live on Huobi Prime — Huobi’s selective direct premium offering platform — as the first project on March 26, with 1.5 billion TOP selling out in seconds in three price-limit rounds. The price of TOP proceeded to climb more than 2770% once freely tradable and the trading volume surpassed that of Bitcoin at $250 million in less than a week, ranking first in terms of volume on Huobi Global.
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more. Originating from three communication apps developed by the core team, TOP Network is building a high-performance public blockchain platform designed to handle real-world business of any size or volume. Having attracted over 60 million users, these three pre-existing apps will migrate to TOP and generate massive amounts of transaction volume upon the launch of Mainnet scheduled in late June.
“Getting listed on Coinsuper will increase the liquidity of TOP token and beef up the confidence of our token holders,” said Steve Wei, founder and CEO of TOP Network. “We’ve been talking to a couple of exchanges since the debut on Huobi Prime. We were impressed by the professional team and fast-growing business of Coinsuper, and decided to get on Coinsuper right before our Mainnet launch.”
Founded by a team of financial industry veterans in February 2018, Coinsuper quickly became the largest digital asset exchange in Hong Kong, with over 1.5 million users and average daily trading volume hitting over $100 million. Coinsuper adopts advanced methods such as SSL technology, multi-signature cryptocurrency wallets, offline capital management to ensure the security and stability of the platform.
“We have been conducting a selective process screening out premium projects that can better meet the needs of users on our exchange platform ,” said Karen Chen, co-founder and CEO of Coinsuper. “Given the outstanding performance of TOP Network, our customers are eagerly anticipating such a prominent project backed by an experienced, dedicated team.”
About TOP Network
TOP Network is a decentralized open communication network that provides cloud communication services on the blockchain. TOP offers secure, low-cost services such as messaging, calling, video, VPN, CDN, IoT data sharing and more.
TOP Network is also a high-performance public blockchain platform designed to handle real-world business of any size or volume. Powered by innovations including three-layer network, two-layer sharding, two-layer lattice DAG and PBFT-DPoS*, TOP can process several hundred thousand transactions per second on the blockchain.
The long-term mission of TOP Network is to build a public blockchain infrastructure for all Dapps. Our world-class team of over 100 developers is striving for this goal.
TOP Network originated from the common underlying network layer of Dingtone, CoverMe and SkyVPN, three communication apps built by the TOP team before the blockchain project. These apps, having attracted over 60 million users in total, will be ported to TOP Network upon the launch of TOP and generate huge volumes of transactions in the TOP ecosystem.
TOP Network was founded by serial entrepreneur Steve Wei and his colleagues in late 2017. Steve was one of the earliest employees of WebEx in the 1990s. After WebEx, he founded a successful video conferencing software company which was acquired by Huawei in 2010. In 2012, Steve co-founded Dingtone, a public listed company operating popular communication apps such as Dingtone, CoverMe and SkyVPN.
TOP Network has closed $15 million early investments from prestigious institutional investors and individual billionaire investors, including DHVC, Fenbushi Capital, NEO Global Capital (NGC), Ontology Global Capital (OGC), LD Capital and more.
Coinsuper is committed to providing users with a secure, compliant and professional digital currency trading experience with the development vision of “connecting the financial world with blockchain”. Since its launch in Hong Kong in February 2018, Coinsuper has been remaining among top-20 global players with users more than one million. Currently, Coinsuper represents one of the first platforms in the industry to support deposit and withdrawal services and transactions in both USD and HKD.
The Company is a top virtual asset trading platform whose leadership is held by former top-notched financial industry veterans and digital asset evangelists. Our strategic partners and investors include, inter alia, Pantera, ChinaEquity, Ausvic, 8 Decimal, New Focus Auto, Cash Financials, Sky9, Guosheng International, Chunda International and Juntong Capital. “Coinsuper Club” was formed together with 16 leading virtual asset and blockchain institutions. With Coinsuper and concerted efforts, the members of Coinsuper Club will leverage their profound backgrounds in the capital market to craft a reciprocal loop of shared interest.