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Premier Internet-of-Things cryptocurrency, IOTA, has seen a sharp increase in price in the past 24-hours after leading exchange Huobi announced the token is now live for trading on its platform.

As per the official statement, IOTA is now paired with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).

The listing itself was delayed with a few hours due to a trading schedule conflict on the exchange.

Furthermore, IOTA traders who are successfully registered and verified with Huobi have a chance to win some free tokens, as the exchange has announced a campaign in support of the new listing.

The rules state that all traders whose IOTA trading volume ranks in top 20 over the next seven days (May 8 – May 14) will score themselves some free crypto for their efforts.

The prize breakdown is:

Top 11-20:  1200 IOTA

Top 6-10: 2000 IOTA

Top 3-5: 3000 IOTA

Top 2: 4000 IOTA

Top 1: 5000 IOTA

The results will be announced on 17 May and prizes distributed shortly after.

Huobi, headquartered in Singapore but originally Chinese, is the third largest cryptocurrency exchange in the world via 24-hour volume, trading around US$1.5 billion worth of digital assets per day on average. It is second only to Binance and OKEx.

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