HADAX Got 3 New Cryptocurrencies for Trading
Today the HADAX, the trading website of Huobi put 3 new cryptocurrencies online for trading. The names of the 3 cryptocurrencies are CDC, LXT and MUSK.
The mechanism of getting online trading is voting by traders of Huobi. There is a rank of votes of each cryptocurrency which wants to go trading in HADAX. HADAX also chose some "super voters". The super votes are generally VCs(Venture Capticals). They have more votes than generally traders. So you can regard this as VC driven ranking.
The Huobi company need each cryptocurrency company pay 30% of the total volumn as the insurance fee.