Huobi Prime to Update IEO Rules

Team believes that new rules will increase the number of successful transactions in the rush that accompanied the tokensale
03 April 2019   1146

The Huobi Cryptocurrency Exchange, based on user feedback, changed the rules for conducting initial exchange offerings (IEO) Prime platform.

Now users who have had a minimum of 500 HT within the previous 30 days, or a larger amount of funds during a shorter period, can take part in the campaign.

There will be a personal cap on every participant, and the cap is proportional to average daily HT holdings over 30 days period before launch date, please see the following reference table for more info. (Actual cap in HT will be announced on the launch date)
 

Huobi Team

Huobi Token Daily Holding to USDT Personal Cap Rate
Huobi Token Daily Holding to USDT Personal Cap Rate

They believe that new rules for Huobi Prime will increase the number of successful transactions in the rush that accompanied the tokensale.

The next IEO is scheduled for April 16th.

The first IEO at the Huobi Prime site from the TOR Network project took place on March 26. All three rounds were completed in a few seconds, which caused widespread dissatisfaction among users who failed to take part in the campaign. 

Dutch Crypto Startup Founder Busted

Komodore64 said they developed blockchain games and sold $86 000 000 worth K64 tokens, but investors don't receive any profit
13 November 2019   155

Dutch police arrested the founder of blockchain startup Komodore64, who allegedly raised $ 86 million from private investors. The company has already filed for bankruptcy, and investors and employees accuse it of fraud, according to Sprout.

Komodore64 developed blockchain games and invited investors to invest in the K64 native token. One of the investors, the newspaper writes, lost 600 thousand euros. As soon as partners and employees publicly stated that they had not received the promised fees, the company filed for bankruptcy.

Founder Sam Narain allegedly convinced investors that the startup supported the banking giant Goldman Sachs, but a group of bank representatives at one of the meetings turned out to be fraudulent.

In recent weeks, Narain has been living in the Hague Hilton, where he was hiding from angry investors. The names of his possible accomplices are still unknown, as is the fate of money.

Employees claim that only a party in honor of the launch of the project cost tens of thousands of euros.