Huobi Launches $100m Metaverse Crypto Promo

The popular Asian blockchain and cryptocurrency platform has announced a massive investment event

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Huobi Offers $100 Million for
Virtual RealityNews Analysis

Published: January 24, 2022

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Rory Greener

Popular digital investment platform Huobi Global announced on Monday the launch of its Lunar New Year Metaverse promo campaign, where it is offering attendees roughly a total of $100 million USD in digital rewards such as cryptocurrencies and NFTs.

According to the Singapore-based firm, the Metaverse platform will integrate virtual reality (VR), augmented reality (AR), 3D avatars, and video communications to diversify the event.

Du Jun, Huobi, Co-founder, said that the platform “reflects our [Huobi’s] intentions to provide a more fun and unique crypto experience.”

Additionally, he said,

“We [Huobi] pride ourselves on our diverse set of products and services […] designed to gamify the trading experience and make it more fun”

Huobi provides its users with decentralized identifiers (DIDs) with the initiative, a form of personalised user identification for Metaverse platforms that enables users to integrate their NFTs into the Huobi platform.

Huobi’s purpose-built DIDs provides users with an entry point into the Huobi Metaverse and events via a secure method to acquire the platform’s NFTs and other digital goods.

What is PrimeEarn, PrimeList?

Huobi Group is a popular blockchain company and investment platform that supports eCommerce opportunities such as public blockchains, digital asset trading, wallets, mining pools, and digital asset research.

Huobi is powering its global digital investment ecosystem with various unique eCommerce tools. Most recently, Huobi debuted its platform-exclusive “Prime List” and “Prime Earn” systems late last year.

Prime List by Huobi creates a convenient way for investors to buy into the platform’s digital goods ecosystem with instant trade confirmations, massive scalability abilities, and zero transaction fees.

Additionally, Prime Earn offers Huobi users high annualized percentage yields (APY) when buying digital goods. The system also improves Huodi eCommerce opportunities by offering investors fixed, flexible, and featured deposit management tools.

Currently, Prime Earn supports various cryptocurrencies such as Tether, USD Coin, Bitcoin, and Ethereum, and Huobi’s “Prime” lineup of solutions encourages investors to hold onto their digital goodslike NFTsfor longer periods.

Huobi is attracting investors to its unique systems with numerous online events. Aside from the most recent Prime Fest: Tiger Year event, Huobi held two separate events late last year to attract new users to Prime List and Earn.

Ciara Sun, Head of Listing and Blockchain Investments at Huobi Group explained,

“Our previous Prime and Primepool events attracted many participants from around the world. We’re building on these experiences, and offering another opportunity for investors to access cutting-edge, early-stage projects.”

Both PrimeEarn and PrimeList fall under the wider Huobi Earn umbrella that offers more than 41 opportunities to improve digital staking and depositing for its investors.

 

 

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