Huobi Global partners with Reserve Project for the launch of Huobi Prime

Huobi Global has announced its partnership with PayPal-style payments project Reserve to launch with Huobi Prime.

Huobi Prime follows rigorous screening and selection processes to list premium cryptocurrency projects. Coins purchased through Huobi Prime are immediately deposited into user's accounts. These tokens are tradable on Huobi Global against Huobi Token (HT).

Executive Opinion

CEO of Huobi Global, Livio Weng said, “Reserve truly has it all; an outstanding founding team that includes former members of Google, Tesla, OpenAI, IBM, MIRI, Impossible Foods, and The Jane Goodall Institute; backers like Peter Thiel, co-founder of PayPal, Sam Altman of YCombinator, Ran Neuner, and Mike Arrington of TechCrunch; and a truly innovative business model and mission."

Co-Founder and CEO of Reserve, Nevin Freeman, said, "Over 300 million people live in countries without stable currencies, resulting in dramatic losses of wealth and overall instability in these countries. The world needs a stable, global, digital currency that gives people and businesses autonomy."

"Reserve" tokens in Brief

Reserve Protocol deals with three different tokens. The Reserve token is a stable crypto coin which can be used and spent like any other fiat currency. The Reserve Rights Token is a cryptocurrency that brings stability to the Reserve token. The third kind of token is Collatoral Tokens are the assets held by Reserve smart contract in order to back the value of the Reserve token.

The announcement also stated that ‘Reserve’ project has onboarded former member of the Joint Economic Committee of the U.S. Congress, as well as former members of Clarium Capital, and Kapital Trading as its advisors. Investors from Silicon Valley and the blockchain industry are supporting the project "Reserve".

Huobi Prime will list Reserve Protocol’s Reserve Rights Token (RSR) towards the end of the month of May.


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Dushyant Bhadauria Opinions expressed by techsutram contributors are their own. More details

Dushyant is an fanatic student of journalism and mass communication. His interest in the subject arises specifically because of business communication. He is interested in this field because he believes that through his readings he can assist other beings in making the right decisions related to business.

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