Huobi Global will be listing Rikkei Finance (RIFI) on our brand new token listing platform, Primelist, at 10:00 (UTC) on Dec 7

Similar to Huobi Prime, Primelist is a new token listing platform on Huobi and expands our channels for listing high-quality tokens. With Primelist, participants stand a chance to buy new tokens at a low price and trade the newly listed token once the Primelist activity ends.

Token for Sale:

Registration Method	Register via Queue	Register via HT Holdings
Token	RIFI
Sale Period	10:00 (UTC) on Dec 7 – 12:20 (UTC) on Dec 7(Trading will open at 13:00 (UTC) on Dec 7, 40 minutes after the sale period ends)
Sale Volume	5,000,000 tokens (1% of total supply)
Sale Volume	Up to 2,500,000 tokens(0.5% of total supply)	Up to 2,500,000 tokens(0.5% of total supply)
Queue numbers for eligible buyers	1-5,000	NA
Purchase Price	0.1 USDT per token	0.1 USDT per token
Purchase Limit	50 USDT	Allocation on a pro rata basis
Payment Method	USDT	USDT

How to participate:

There are two ways for users to participate in this event. Each user can only choose one method for participation and cannot change the selected method once registration is completed.

Register via Queue

Eligibility:

Sign up on Huobi Global and complete the advanced verification process before 10:00 (UTC) on Dec 7(if you have not done so already)
Hold at least 50 USDT in your Exchange account before 10:00 (UTC) on Dec 7.

Participation Process:

From 10:00 (UTC) on Dec 7 to 11:00 (UTC) on Dec 7, eligible users can register to participate in this event. Their USDT balances in the Exchange account will be locked automatically once they complete the registration. （Please note: if you have not registered for the event, you will not be able to participate in the event）
From 11:00 (UTC) on Dec 7 to 12:20 (UTC) on Dec 7 the system will randomly select 5,000 lucky users among all participants to qualify for the purchase and allocation of 50 USDT worth of RIFI each. Those users will see their sequence number (1 ~ 5,000) on the web page.
For the rest of the participants, their USDT tokens will be automatically unlocked and made available in their Exchange accounts.

Register via HT Holding

Eligibility:

Sign up on Huobi Global and complete the advanced verification process before 10:00 (UTC) on Dec 7 (if you have not done so already)
Have 3-day minimum average holdings of 300 HT between 16:00:00 (UTC) on Dec 3 and 15:59:59 (UTC) on Dec 6, during which you can check your HT holdings at any time on the event page. In addition, ensure you have the minimum USDT holdings required to place orders according to the following table. Please note that all payments will be made in USDT.

3-day average HT Holdings	Max Amount for Order Placement	Minimum USDT Holdings Required
300≤x<1000	50 USDT	50 USDT
1,000≤x<3,000	100 USDT	100 USDT
3,000≤x<5,000	150 USDT	150 USDT
5,000≤x<10,000	200 USDT	200 USDT
10,000≤x<50,000	250 USDT	250 USDT
50,000≤x<500,000	750 USDT	750 USDT
x≥500,000	2,000 USDT	2,000 USDT

Participation Process:

From 10:00 (UTC) on Dec 7 to 11:00 (UTC) on Dec 7, eligible users can register to participate in this event. Their USDT balances will be locked automatically once the registration completes. （Please note: if you have not registered for the event, you will not be able to participate）
From 11:00 (UTC) on Dec 7 to 12:20 (UTC) on Dec 7, the system will automatically execute purchase orders with the maximum amount of USDT they can use for the order placement (as shown in the table above) and allocate new tokens for each participant on a pro rata basis.
After the allocation, any remaining USDT tokens will be sent to their Exchange accounts.
The number of new tokens allocated for each participant = The order amount in USDT for each participant/the order amount in USDT for all participants * The number of new tokens offered

Please Note:

Huobi Global will open RIFI deposits and spot trading (RIFI/USDT) at 13:00 (UTC) on Dec 7
Huobi Global will open RIFI withdrawals at 10:00 (UTC) on Dec 10.
Margin trading, futures trading, and promotions for RIFI with attractive rewards will go live shortly after spot trading for RIFI opens. Please stay tuned!

Terms & Conditions:

Huobi Tokens (HT) held in all Huobi Global accounts (excluding Huobi Cloud Wallet) are counted within the scope of the snapshot. The snapshot will randomly take place every 24 hours, starting from 16:00:00 (UTC) on Dec 3 to 15:59:59 (UTC) on Dec 6.
To avoid irrational operations, the platform will restrict the use of Market Orders within the first 5 minutes after spot trading starts. The prices set in Limit Order shall not be higher than 10 times the price set in this event.
If there are no orders on the order book within 90% ~ 110% of the last price, all new Market orders placed for buying/selling will be canceled automatically to prevent slippage. Please ensure that you have done sufficient risk assessment when trading newly-listed tokens, as they are often subject to high price volatility.
Users from the following countries or regions will not be permitted to participate in this Primelist event: Mainland China, Taiwan China, Hong Kong China, Macao China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, Singapore, and Crimea.
Orders using API will not be available during the Primelist event.
The Primelist event is not open to sub-accounts.
Huobi reserves the right of final interpretation for all aspects of this event, and the right to disqualify any participant who shows signs of fraudulent behavior.

JOIN PRIMELIST: https://www.huobi.com/en-us/topic/primelist/?code=RIFi

About Rikkei Finance (RIFI)

Rikkei.Finance is a Metaverse DeFi Protocol, enabling a Safe and Secure Open Lending with core features: Cross-chain support, NFTs lending, and Liquidation coverage. It utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making them a real-time currency exchange network.

Key features：

Under the Rikkei Finance planet, there are 5 main zones: Sport & Recreation Center, Farming Zone, NFT Marketplace, RiWork and Governance, DAO & Lending. All will eventually support the development of Rikkei Finance’s core product – LENDING.

1. Sport & Recreation Center

RIFI United is a metaverse football NFT game, where you can satisfy your passion for the football field and earn a lot of money by becoming the manager of a football club, owning lands, players, staff, stadium and lots of different items, from the regular to the legendary NFTs.

RU is the first product in the Rikkei Finance ecosystem and its main priority is to build a healthy community and enable the NFT lending features for Rikkei Finance Lending protocol.

Available at: rifiunited.io

2. Farming Zone

A variety of investing methods is available for our users, including LP Farming, NFT Farming and Boost Farming.

– LP Farming allows users to stake LP tokens and earn rewards with GREAT APY. It aims to increase TVL, price of LP token and price of RIFI eventually.

– NFT Farming enables users to stake NFT and earn sweet APY. No lock period. The earlier you stake, the higher APY you will get.

– Boost Farming offers special APY for dual RIFI and NFT staking.

All farming vaults are audited and ready to launch.

3. NFT Marketplace

Rikkei Finance NFT Marketplace provides high liquidity and a wide range of NFTs at an affordable price, fostering the NFT collateralization of Rikkei Finance Lending Protocol.

– NFT Rental services allow users to borrow NFT from RIFI NFT pool

– Floor Price: The lowest price available for an NFT

– Price Feed: The price of NFT will be determined based on its recent transactions and the price of similar NFT on the market, using data gathered from the price feed.

4. RiWork

– Market Analysis is developed to ensure the transparency of Rikkei Finance Lending Protocol’s asset selection process and the system sustainability. Assets will be evaluated and ranked based on multiple liquidity metrics, then further analyzed and entered into the voting section before being officially added into the lending pool.

Available at: https://apps.rikkei.finance/market-analysis

– Token Index aims to keep the community up to date with all latest information and insights about the top coins.

5. Governance, DAO & Lending

– Rikkei Finance DAO: RIFI holders could become a member of Rikkei Finance DAO to vote on the project’s policy.

– Rikkei Finance Lending Protocol – A Safe and Secure Open Lending System by solving 4 major flaws of current lending protocol.

a. Cross-chain Support

Current lending protocols offer restricted support for one-chain transactions with different crypto assets based on different blockchains.
Rikkei Finance offers no-limit cross-chain transactions by using wrapped tokens. Users can lend and borrow any digital asset regardless of its blockchain.

b. Effective interest rate model

The existing interest rate models are not effective, making borrowing more cost-prohibitive in periods of low borrowing demand.
Rikkei Finance implements an improved interest rate model. Our interest rate model takes into account the cost of borrowing in periods of low utilization rate as well as the cost of capital in periods of high utilization rate, which brings a wealth of benefits to the market and investors.

c. A variety of collateral types

Collateral types supported on the current lending systems are largely limited to stable coins and blockchain-based tokens.
There is no restriction on collateral types supported on Rikkei Finance platform. Users are free to decide which assets can be used as collateral based on our asset ranking system. In particular, apart from stablecoins and blockchain-based tokens, users can put their NFT assets up as collateral for a loan, or offer loans to other users on their non-fungible tokens.

d. Liquidation Coverage

Insurance in the blockchain ecosystem is largely limited to smart contract coverage. Users are exposed to asset liquidation at any time without any available liquidation coverage to prevent it.
Rikkei Finance promotes worry-free user experiences by allowing participants to buy coverage for liquidation in their vaults.

Project timeline:

Q4/2021:

– Token Sales

– Double-Farming Vault launching on BSC and Etherium

– RiFi United MVP’s launch

– NFT Farming & Boost Farming

– Introduce Rikkei Finance NFT Marketplace, offering NFT Rental services

Q1/2022:

– Introduce RiFi Market Analysis – Liquidity Ranking System

– Introduce RiFi Lending protocol with 2 blockchain and 4 tokens as collateral

– RiFi Lending and Vault supports Polygon

– RiFi United 1st season

– Introduce RiFi United In-game Financial Model

Q2/2022:

– Introduce RIFI NFT P2P Lending Feature

– Introduce new token as collateral to RiFi Lending

– RiFi United 2nd season & NFT Sale

– Introduce RiFi Lending Aggregator

– RiFi United introduce MMR (match matching ranks)

Q3/2022:

– Introduce RiFi Insurance coverage

– Introduce new Tokens as collateral for RIFI Lending

– RiFi United 3rd season & NFT Sale

Q4/2022:

– Introduce RiFi.Bondings

– Introduce new Tokens as collateral for RIFI Lending

Team background：

CEO:

Dang Thai Hoa – Co-founder & CEO of Rikkei Finance

https://www.linkedin.com/in/dang-thai-hoa-11b0241b3/

Co-founder of Rikkeisoft – Top 10 IT outsourcing company in Vietnam

B.S. from Ritsumeikan University

CTO:

Vu Thanh Tung – Co-founder & CTO of Rikkei Finance https://www.linkedin.com/in/tungvt/

Former CTO of Rikkeisoft – Top 10 IT outsourcing company in Vietnam

Ph.D from Nanyang Technological University, Singapore.

CFO:

Dang Bao Duc – CFO of Rikkei Finance

Former Quantitative Researcher at Keebeck Alpha

Nanyang Technological University, Singapore

TECHNICAL ADVISOR

Luu The Loi

linkedin.com/in/loiluu

https://loiluu.com/

Co-Founder & CEO of Kyber Network

Ph.D from National University of Singapore

ADVISOR

John Ng Pangilinan

linkedin.com/in/johnngp

John is the CEO of Signum Capital Investment VCC, a MAS regulated fund based in Singapore which specializes in Blockchain Investments. He holds advisor roles in Kyber Network and Ren Protocol, Sentinel Protocol, Sparrow Exchange, Oasis Labs and is a founding member of the Aelf Innovation Alliance.

Rikkei Finance (RIFI) Primelist on Houbi

About Rikkei Finance (RIFI)

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