Huobi Global announced the launch of Primepool, a new digital asset mining platform that will provide its customers with a way to participate in the “ecological development” of new projects. According to a press release published on 30 July, the platform’s launch follows Pioneer Zone’s setup, a trading sector dedicated to building a bridge between investors and high-quality projects. Primepool is based on the “New Assets” and “DeFi Mining” services previously offered by Huobi.
“As a safe and reliable mining platform, Primepool allows users who are interested in the project to take part in its ecological development with a low barrier of entry, and thereby obtain greater wealth effects,” said Ciara Sun, the Vice President of Global Markets at Huobi Group.
She explained that despite the rise in the number of premium projects emerging each year, a large percentage of retail traders still find it difficult to access them. By offering the opportunity to enter these projects at their very beginnings, Huobi will enhance inclusiveness in the crypto space and build a sound crypto ecosystem, she added.
The first project to be listed on Huobi’s Primepool is DeFine, an NFT-based decentralized social network designed for Web 3.0. From 2 August to 9 August, users will be able to join DeFine mining by staking either HT or ETH. Mining rewards in the form of DeFine’s native DFA tokens will be distributed based on the users’ staking amounts.