Huobi Token Surges After Crypto Exchange Discloses Airdrop of Dominica Coin – CoinDesk

Huobi Token Surges After Crypto Exchange Discloses Airdrop of Dominica Coin – CoinDesk

Spread the love

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Huobi Global’s HT token jumped in digital-asset markets Tuesday after the cryptocurrency exchange said it would airdrop to users a new digital token to be issued by the Caribbean island of Dominica.

Huobi said the new “Dominica coin,” or DMC, will be issued “in due time” on Huobi Prime, the exchange’s exclusive token offering platform. Users can complete their identity verification on Huobi with Dominica digital identification documents, according to a statement.

The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.

The deal is noteworthy partly because of its connections to the crypto billionaire Justin Sun. The Dominica tokens are set to be launched on Sun’s Tron blockchain, and Sun recently acknowledged holding “tens of millions” of HT. Just last month, Huobi named Sun as the first member of a new global advisory board that is responsible for guiding the exchange’s strategic layout and development.

Sun tweeted Tuesday that the HT token would be the “only acceptable asset in the subscription of #DMC (Dominica Coin) and granted as the only token of accessing and using in the @HuobiGlobal ecosystem.”


Sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.

By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy.

DISCLOSURE

Please note that our

privacy policy,

terms of use,

cookies,

and

do not sell my personal information

has been updated

.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

strict set of editorial policies.

CoinDesk is an independent operating subsidiary of

Digital Currency Group,

which invests in

cryptocurrencies

and blockchain

startups.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of

stock appreciation rights,

which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG

.

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.

Related News

how-kevin-rose-got-duped-into-giving-away-valuable-nfts-–-axios
reddit-users-discover-dangerous-shiba-inu-airdrop-scam-–-muo-–-makeuseof
porsche-nft-trading-volume-nears-$5m-despite-launch-woes,-minting-halt-–-cointelegraph