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The Huobi Token (HT) is an exchange token launched by the exchange Huobi in 2018. An ERC-20 token, the token can be used within the Huobi ecosystem is several different ways.
Exchange tokens have been growing in popularity in 2019, with Binance Coin from Binance’s exchange being the most prominent of them. These tokens are used by users to avail several benefits on the exchange, including fee waivers and discounts on investing in new tokens. The tokens are strongly linked to the exchange’s services, giving users an incentive to purchase the token.
There are a total of 500 million tokens, and there is a 4 year freezing period for the tokens. Every quarter, Huobi Pro uses 20% of its income to buy back some HT on the open market. This is then allocated to the Huobi Investor Protection Fund to ensure that investors are protected. The company recently burnt 14 million HT said that improving market conditions convinced them to reduce the supply.
The Huobi token offers users rebates, discounts on fees, invitations. Additionally, the token can be used to pay/stake in for services such as the Huobi Cloud, voting mechanisms, listing projects and more.
Although many details are not available as to what and where the HT can be used next, the team has stated that several more instances where the HT token can be used will soon be made available.
20 Aug 2019 1 minute read Nibu P Rajoo $0.00 tipped
On 20th August, Huobi Global has officially announced about FastTrack Phase 7 to be launched on August 21, 2019. For the 7th phase, Huobi Global has announced two FastTrack project candidates. ARPA and Wirex Token. As per the Fastrack model, a tota...
8 Jul 2019 4 minute read Sal Miah $0.12 tipped
Huobi Prime is a service by Huobi Global that focuses on identifying promising projects which it then lists on its global exchange. The idea is practical in that it its focus is to provide a platform to premium projects for traders. For investors...
21 May 2019 2 minute read cryptovato1 $0.04 tipped
One of my assets now is called Top Network. It has been launched on my favorite crypto exchange Huobi Prime (still don't know how Binance is) at the end of March, 2019. At the end of March it has reached level over USD 0.08, since then there has been...
4 May 2019 3 minute read Nibu P Rajoo $0.21 tipped
As per the official announcement, On May 9th, Digital asset trading giant Huobi Global will launch Huobi Prime Lite, a streamlined version of Huobi Prime, its innovative premium coin launch platform. The first token that will be up for sales is Thund...
16 Apr 2019 2 minute read Nibu P Rajoo $0.03 tipped
Intelligence is the ability to adapt to change — Stephen Hawking Houbi prime which was launched in mid-March is the newest innovation from the Huobi stable. Unlike other exchange token launchpads, Huobi Prime used a DPO (Direct Premium Offering) mo...
12 Apr 2019 5 minute read Sal Miah $0.01 tipped
Step by Step guide on how to participate and NEW changes to round three! The article below will explain how users can now get hold of NEW tokens — Newton tokens that is! Always ready to innovate and improve its platform, Huobi is gearing up to rel...
25 Mar 2019 3 minute read Raichel $0.05 tipped
On 19th March, Huobi announced the selection of Top Network as the first project to be featured in its own “Direct Premium Offering” platform Huobi Prime. Houbi prime is the newest innovation from the Huobi stable. Unlike other exchange launchpad...
12 Aug 2019 3 minute read CryptoArgha $0.20 tipped
Tron is a Decentralized Crypto currency based platform project that aims to build a decentralized network platform that will allow users and developers to build exchange or dapps on their platform. Many people like tron i personally like tron too .Tr...
