Huobi Japan asks users to vote on new token listing

Huobi Japan has issued an announcement calling its users to vote on which new cryptocurrencies they would like to see added to the platform.

According to the announcement, Huobi Japan is considering adding six new tokens, which include; Enjin (ENJ), IOS Token (IOST), Neo (NEO), Ontology (ONT), Qtum (QTUM), and Tezos (XTZ).

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— Huobi Japan Exchange (@HuobiJapan_Ex) July 16, 2020

Notably, users of Huobi can start voting on the listed tokens, where one vote per account is to be accounted every Friday for a maximum of five votes. Additionally, the voting lines on the 6 new tokens listing will be closed on August 16.

Huobi Japan also explained that token, which gets the highest number of votes, would be considered by for listing on its platform. However, the Japan-based cryptocurrency exchange noted that securing the highest vote doesn’t guarantee listing but provides the token with a high possibility of being added.

Huobi Japan lists three Chinese tokens on voting list

It is worth noting that three out of the token listed to be added by Huobi Japan are based in China. IOS token based on the IOST platform and revolves around the Internet of Services (IoS). It is also a rival of Ethereum.

Secondly, NEO is a public blockchain project that can incorporate digital IDs and smart contracts, and ONT which provides blockchain solutions for businesses.

However, other international coins, Tezos is a joint project between the United States and Switzerland and a Proof-of-Stake (PoS)-based blockchain.

ENJ tokens allow developers to create digital assets that could be distributed to users as in-game items. It powers the blockchain gaming platform Enjin.

While QTUM is the only one to be whitelisted by Japan’s regulatory body, the Financial Services Agency (FSA), the coin is currently already trading on Coincheck.

Also, the Japan-based exchange is currently offering seven currencies for trading on its platform, namely:

• Bitcoin (BTC)
• Ethereum (ETH)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• MonaCoin (MONA)

Second most valuable crypto-assets in the world

Also, recent reports have noted that Huobi Japan parent firm is currently the second most valuable crypto assets in the world.

Notably, Coinbase Exchange, with total assets valued at $11.1 billion, sits in the first place. While, Huobi Exchange with total assets of $5.79 billion, is ranked second. BINANCE Exchange total assets of $3.45 billion US dollars, ranked third.

Importantly, Bitfinex, OKex, BitMEX, Kraken, Germini, mtGox, Bittrex are ranked fourth to tenth, respectively.