Get Free 5 LOC Tokens Bounty For HADAX / Huobi.pro Community Vote
Please read this post carefully, as we need you your help to get LOC listed on a major exchange.
One of the many top exchanges on which we are working to get LOC listed is Huobi.pro.
Huobi have taken a bit of a different approach than most top tier exchanges, and have announced that they are launching a separate brand/exchange — HADAX which will be used as a platform to launch new tokens. It is apparent that they will streamline the listing process through community voting in order to add value to their Huobi Tokens “HT”.
From what it appears, getting listed on HADAX will be the first step towards getting listed on Huobi.pro. Here is the text from the homepage of HADAX:
“ 5. If tokens listed on HADAX meet the listing standards of Huobi Pro, they will also be listed in the “New Zone”of Huobi Pro…” (taken from : https://www.hadax.com/en-us/)
This implies that although not guaranteed, if a token is listed on HADAX it is likely to have very good chances to be listed on Huobi.pro as well. It is also safe to assume that being listed directly on Huobi.pro without going through the HADAX process is not likely to happen in the future.
What does the term “listing standards” mean?
One of the biggest concern for top liquidity exchanges right now is the legal status of a token, and more specifically if it is classified as a security. LOC is a strict utility token with no passive income and has a solid legal opinion that confirms it is not a security in this regard. Another concern exchange have, is the token liquidity as they do not wish to list tokens that have 0 volumes and If you have 0 volume over 3 days, they might delist you. Even though LOC is traded on only one mid-volume exchange (HitBTC.com) and our booking service is not retail ready yet, volumes have been steadily ranging between 70k and 250k on daily basis (reaching up to 800k). We believe that by being listed on a high liquidity exchange and gaining exposure to new audience, we are likely to gain relatively good additional volumes. In addition to those two main factors, naturally the team background, experience, credibility, legal entity, transparency, community, project quality and everything else as criteria are also very important. We are confident LOC complies with the highest standards in the crypto-sphere in those aspects as well.
The combination of these factors give us good grounds to believe that if LOC is listed on HADAX it will have good chances to be listed on Huobi.pro afterwards.
Something very important to keep in mind is that we have not applied for HADAX in specific, but have applied to Huobi.pro. Unofficial information says that there are close to a thousand of coins/tokens that have applied to Huobi (and perhaps even more, as a comparison Binance CEO said in a recent video there are over 2,000 projects in queue for being listed). Nevertheless, LOC has been given poll position in the 1st vote together with 74 other manually chosen tokens. This on its own is a strong signal that our token is perceived of high value among the thousand of applicants. What is also very important is that the projects that dont make it to top 10, will retain their metrics and continue the battle with the next coming sessions automatically which will give them an edge over newly added tokens to the vote.
For these reasons, we believe that it is of high priority to make it higher in the HADAX list.
The Top 10 tokens that meet the following criteria will be listed on HADAX:
- To have at least 1000 members voting (each vote is made with their native HT / HuobiTokens which can be purchased from their exchange. 1 HT costs $2.5 at the moment, so a vote will cost you $0.25
- To have at least 300 of the voting members as newly registered and verified (to have registered after 12th Feb 2018)
- To be among the top 10 coins/tokens according to number of votes.
Our strategy is to:
1. Get 1000 + members to make a minimum vote of 0.1 HT (minimum is 0.1HT, it is up to you to decide how much you want to contribute)
2. After we exceed the 1000 members, we will create a corporate account and will do the heavy work of buying HT tokens in order to boost our ranking. The current limit per account is 1 Million tokens. We will most probably wait until few days before the end of the vote and won’t be investing into HT tokens until we see how the competition goes. Even if we don’t rank in top 10, we will be among the leaders for the next session which will give us a strategic advantange.
This is why we are officially announcing the following bounty initiative:
Limited to the first 3000 people. We will be giving 5 LOC as a bonus to anyone that does the following:
- Join Our Telegram Channel https://t.me/Lockchainco -> Click here (you need to be our Telegram member to get your free LOC tokens afterwards)
- Go to huobi.pro and open an account (Click Here)
- Verify your account (you need to verify your email, and then click on submit a copy of a passport or ID card). This step takes less than 1 minute to submit and is usually handled within the same day.
4. Buy 0.1 HT. HT is needed for the vote afterwards and is traded as a standard pair HT/BTC. The current price of HT is $2.5, which means that you will need to pay $0.25
5. Go to https://www.hadax.com/en-us/vote/ , find LOC and click on Vote.
6. Complete the vote and make a screenshot (we recommend using a screenshot tool such as Gyazo). You can also upload the screenshot via Imgur -> https://imgur.com/upload
7. Go to https://goo.gl/forms/KGKHKUqOW486teAp1 and fill in the Bonus request form. After we validate your screenshot/proof of vote, we will distribute you your 5 LOC tokens to the wallet which you have entered in the form.
8. Share this post with your friends and family to help out. Anyone can get 5 free LOC tokens as long as they complete these steps and provide screenshot of the vote.
Here are the official voting rules from Huobi’s Website
(https://support.huobipro.com/hc/en-us/articles/360000760471 )
“Voting Rules:
Only verified users of Huobi Pro can participate in the voting.
Users must use Huobi Token (HT) to vote.
Each user must vote at least 1 vote for each project and can vote up to 1 million votes. You have to spend 0.1HT for each vote. There are no limits for the number of votes and the projects you can vote on.
HT will not be refunded once been paid.
Rules for Voting for Token Listing:
The projects which are qualified for the final listing must be voted by over 1000 people.
We will list the trading of TOP10 tokens against BTC and ETH on HADAX successively in 5 working days according to the votes rankings when the voting ends.
If the final votes are the same for two tokens, the one with more voting users take precedence.
When the first voting session ends, tokens failed to enter TOP10 will enter the second voting session automatically and cumulative votes and supporters will be remained.
To ensure a steady and well-regulated service to our users and project teams, we will list TOP10 tokens based on the final votes rankings for each voting session and launch trading for two tokens every working day.
Projects which will be eventually listed must have no fewer votes from 300 newly registered users. Newly registered users: Users who registered after 12:00 (Singapore Standard Time), 12 February 2018.
Huobi may adjust the rules for the forthcoming voting sessions if the circumstance arises.”
