HADAX CRYPTOCURRENCY EXCHANGE TOKEN LISTING PROCESS

HADAX CRYPTOCURRENCY EXCHANGE TOKEN LISTING PROCESS
Huobi Autonomous Digital Asset Exchange HADAXis an innovative cryptocurrency exchange offering investors an opportunity to vote for and trade high-potential projects in their infancy. Unlike other Bitcoin exchanges, HADAXusers have to be accredited with a certain experience, at least 1 BTC asset value and at least one-month of using the platform because of the exposure to riskier opportunities.
Projects to be listed are selected from a pool of applicants, through a process that involves the exchange as well as the voting by verified Huobi Pro users. This article will go over the four-step listing process.

1. Interested projects express their interest by applying to HADAX. This is a fundamental requirement.

2. Huobi will audit the company and the project.

3. Projects that meet requirements in step 2 are reviewed by established companies called Super Voting Nodes.
   Super Voting Nodes are professional investment companies that review and recommend the best projects for HADAX listing.
   Projects are ranked from high to low, in order of priority.

4. Voting stage for successfully reviewed projects. The ongoing voting stage currently began on April 11 and ends on April 27. One vote costs 0.1 HT, one user can vote up to 100, 000 times.
   Projects can promote/incentivize users to vote for them. Huobi Talk livestream on Youtube discusses hot blockchain topics such as popular tokens, importance of listing on HADAX and featuring ICO founders, is a favorite promotional opportunity. Only watchers who are verified users of Huobi Pro can receive a share of the airdrop pool.
   Voters can also solicit for votes from other Huobi registered users.

The final score of stage four is the sum of 70% of user votes and 30% of security deposit. Security deposit is paid in Huobi Tokens and varies from project to project according to needs. It serves as insurance if the team is eligible for delisting conditions (e.g. Team is dismissed, asks to be delisted, inadequate liquidity, token is chain split or team violates laws or regulation). The vesting period for the security deposit is 12 months with tokens unlocked equally over that period.
The top 2 projects are listed. Tokens for non-listed projects are refunded.