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Huobi Primelist: The Price of Immutable X (IMX) hikes 4818.75% in 10 Minutes

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Immutable X (IMX), the first project from Huobi Primelist, officially launched trading at 13:00 UTC on Friday, 5th November 2021. With an opening price of $0.160 Tether (USDT), IMX skyrocketed to $7.87 USDT with the price change breaking 4818.75% in 10 minutes.

An improved version of Huobi Prime, Huobi Primelist provides an easy and more convenient way for investors to access new and exciting crypto projects with special price incentives. Users who want to purchase newly-listed tokens, such as IMX, with a relatively low cost can do so by simply queuing for numbered tickets or holding Huobi Tokens (HT). 

Without the need to stake a certain number of tokens in advance as in previous promotions, users can purchase new assets directly using USDT. More than 233,000 million Huobi Tokens were held by participants and 6,000,000 IMX tokens were sold during the event. The value of which was 960,000 USD, based on the opening price and 47.22 million USD based on the highest price. The annualized rate of return (APY) of holding 5,000 HT is as high as 1,447% based on the highest price.

“When we design our products and select project partners, customer needs and expectations are at the forefront of our strategy. The creation of two separate new-token pools ensures that all HT holders who join in the event can obtain new tokens. As the first project listed on Huobi Primelist, the NFT project IMX has increased in popularity since its debut. What’s more, the performance of IMX didn’t disappoint our expectations.” said Ciara Sun, Head of Listing and Blockchain Investment. 

Driven by the success of Prime and Primepool, the wealth of financial opportunities available through Huobi’s token listings received significant attention. After reviewing previous projects listed on Huobi Prime-series events, users have commented that Huobi continually provides tailored benefits for its community.

“We are delighted to see participants happy with their gains. Approximately 67,000 users participated in the event through queuing, of which 2,400 were able to purchase 1,250 IMX each, which is valued at around 10,000 USDT based on the peak price of 7.87 USDT,” added Sun.

As an integral part of its global strategy, Huobi is going to introduce more high-quality projects on its token-listing platform such as Huobi Primelist and Primepool, as an innovative way to give back to its community and enhance its entire ecosystem. 

 “In order to ensure our users can not only purchase new assets at a low cost, but also benefit from the broader wealth creation opportunities. We undertake robust due diligence and evaluation for each project we promote, which is essential given the volume of projects that approach us. We appreciate we would not have the sustained success we do today without our community’s valued support, ” shared Sun. 

 Disclaimer: This is a paid post and should not be treated as news/advice.

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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