Huobi to List Lambda Coin, Winner of Huobi Next

Huobi, the largest cryptocurrency exchange in terms of trading volume, has announced that it will list the Lambda token on the exchange on December 28, 2018.

In late November, the Singapore-headquartered exchange announced that two projects - Lambda and Covalent - topped its voting process of the public voting event, called Huobi Next, conducted by the exchange. It had determined the listing of the two projects on the trading platform as Lambda and Covalent earned the maximum votes of 1,200,000 and 722,000 respectively.

Huobi introduced this voting process to give traders the chance to choose the Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term they want to invest in. However, only leading investment institutions and Huobi Token holders are allowed to participate in the voting process.

The exchange also detailed that, before listing for the voting process, the projects went through rigorous scrutiny with its SMARTChain Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term asset assessment model. This model assesses any project on its market potential, the associated risk factors, and its contributions to the blockchain industry.

In the ongoing voting phase, the exchange has listed three more projects - WTL, NPXS, and ECT - for voting.

Traders’ Choice

Huobi is going to launch two trading pairs for Lambda - LAMB/BTC and LAMB/ETH - and will initiate trading from December 29, 2018. However, the exchange will allow withdraws only after January 3, 2019.

Lambda, which is developing decentralized applications (DApps), is known for being a safe, fast, and scalable blockchain based infrastructure project. The developers claim that the platform will provide multi-chain data services, data privacy, distributed intelligent computing with the help of logic decoupling, and independent implementation of Lambda Chain and Lambda DB.

Successful ICO

The project had a very successful token sale event in which it raised more than $15 million in Ether - three times its targeted hard cap.

Recently, Huobi warned traders against more than 30 coins listed on the exchange. The coins' low trading volume attracted the exchange’s attention, and it said it might delist all these coins after further scrutiny.