Listing new tokens on crypto trading platforms is a tedious process. It can take weeks or months to get everything in order. Huobi’s new Automated Listing Platform will introduce positive changes in this regard. It will aid projects in getting their tokens listed more quickly.
Huobi Automated Listing Platform Is Live
Introducing infrastructure changes in the cryptocurrency world is always a challenge. Given the vast number of new tokens coming to market, getting listed on exchanges is a challenge. Trading platforms need to go through individual listings and thoroughly vet the project accordingly. Not all projects are created equal, and some tokens can pose regulatory repercussions. Distinguishing between security and utility tokens has become a lot more important.
This is especially true for US-based trading platforms. Companies active in other countries are also hesitant to list new tokens in large quantities. With the launch of the Huobi Automated Listing Platform, that situation changes. This new service helps project teams to list their tokens quickly. Additionally, there are no hidden hurdles prior to getting listed.
Projects still need to submit an official listing application. Combined with the proper documentation, a review of the project will occur accordingly. If successful, teams will have their own account to submit, edit, and review documents regarding their venture. An added benefit of this account comes in the form of accessing the Huobi Blockchain Project Show Center. This will allow for generating live broadcasts and dedicated reports.
Positive Changes Overall
Over the years, there has been an influx of new digital tokens. Initial Coin Offerings introduce tokens on a nearly daily basis. It is difficult for investors to trade such tokens without a proper infrastructure. Legitimate offerings should have no problem passing the Huobi Automated Listing Platform application process. Those who fail can still reapply at a later date.
This move by Huobi is an interesting development. It is designed to make the cryptocurrency industry grow and evolve as a whole. Providing a trading outlet for new tokens can offer more legitimacy to some of the promising ICOs. At the same time, it will also avoid potential scam tokens from getting listed on this platform. In this day and age, scam tokens are a lot more common than most investors are aware of.
Separating the wheat from the chaff is direly needed in the cryptocurrency world. The industry is still in the early stages of maturity as of right now. Ensuring the necessary infrastructure is in place to remove scams from the equation is more than welcome. Huobi is setting the tone for the rest of the industry to follow in the coming months and years.
Is the creation of the Huobi Automated Listing Platform a positive step, in your opinion? Let us know in the comments below.
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