The Huobi Global Cryptocurrency Exchange announced this Thursday the name of its fifth project, which will be hosted by IEO on its Huobi Prime platform.
An IEO of the EMOGI Network (LOL) project will take place on August 15. The storage period of HT tokens will start from the moment of listing of the previous IEO-project. Thus, the balances of user accounts from July 16th to August 15th will be taken into account. The minimum balance of the user's account for one ticket must be 1 000 HT, the maximum for five tickets - 5 000 HT.
According to the number of tickets received, users will be randomly given quotas to purchase project tokens on the IEO day. In the second round of sales, all selected users will be able to purchase tokens in proportion to their share of the total quota.
In total, the project intends to distribute 1.47 billion LOL, of which 294 million will be sold in the first round and 1.176 billion - in the second. The price of 1 LOL during the first and second rounds will be $0.000952 and $0.001905 respectively. The total amount of attracted funds is equal to $2.5 million.
On Wednesday, the Binance exchange announced the IEO Perlin Network, which will be held on its platform on August 24.