Bitcoin Cash

Huobi's Crypto Exchange Update

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Huobi’s HADAX cryptocurrency exchange platform published an update last week called “HADAX Super Nodes and Voting Rules Updates and Subsequent Arrangements” which detailed that HADAX will rely on two separate groups of funds to assist with the decision of new listings. The cryptocurrency exchange launched HADAX this year which allows users to vote, using the HT token, on whether new assets can be listed on the platform for trading. Additionally, the exchange introduced a mechanism that allows venture capital firms to serve as super nodes which helps HADAX screen tokens before a primary vote. The new update will now require that all projects be supported by the venture capital nodes, or the Standing Nodes.

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