Huobi Token (HT)

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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.


Breaking: Huobi and KuCoin added to FCA Warning List

9 Oct 2023 1 minute read 0 comments Coins Reporter

In an expansion to its warning list of unauthorised entities providing digital assets related services, FCA added Huobi and KuCoin to the warning list that comprises nearly 150 companies.  On Sunday, the Financial Conduct Authority of UK has updated...

HTX hacker returns assets as Whitehat

8 Oct 2023 1 minute read 0 comments Yugocean

       HTX has reached a settlement with the hacker who stole 5k Ethereum worth $8 million from the platform on September 24. Hacker Returns Assets       On October 26, Huobi Global offered the hacker a whitehat reward of 5% in return for the asset...

Huobi’s Rebrand Draws Similarities to FTX

15 Sep 2023 5 minute read 0 comments Coinpaper

Huobi changes its name to HTX while Justin Sun contemplates purchasing FTX's cryptocurrency holdings. Cryptocurrency exchange Huobi  has embarked on a bold marketing journey over the past few days by rebranding itself as "HTX" in celebration of its 1...

Huobi and Kucoin have benefited the most from the attack on Binance

16 Aug 2023 3 minute read 3 comments Kovichni

I know the article talks about "Binance's decline" rather than an attack, but that's just some of that good old conditioning/mental programming. What "decline"? As if Binance was just running business as usual and then suddenly for no apparent reason...

Huobi is in Trouble

9 Aug 2023 1 minute read 7 comments Yugocean

     Huobi is a big exchange of Asia, but because to the ineffectual leadership, it is surrounded by saints. The exchange as a whole is suffering under Justin Sun's unsure leadership. The Arrest of the Executive Increased the Mistrust.      Analys...

Huobi, and MEXC's Support for XTM Contract Migration

4 Aug 2023 2 minute read 0 comments MakeItReal

Hello HODLers! I would like to share with you that Huobi and XT.COM have officially announced their support for the new $XTM token contract. Read Huobi Announcement ( & XT.COM Announcement (ht...

Unlocking Hong Kong's Crypto Potential: Huobi Global Spearheads Industry Transformation

4 Jun 2023 2 minute read 0 comments alberdioni8406

The new set of rules established by the regulatory commission of the cryptocurrency industry in Hong Kong is attracting major market-leading trading platform companies, and one of them is Huobi Global. The company announced on its official Twitter pa...

Get Dominican Citizenship Via Huobi (Soulbound Token)

3 Jun 2023 2 minute read 24 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

You may not know that you can easily obtain Dominican citizenship, thanks to a partnership with Justin Sun's Huobi exchange.Indeed the international exchange has announced that it supports the Dominica Digital ID (DID). It is the first national token...

Huobi Global Limited ordered to Stop Operations

23 May 2023 2 minute read 0 comments cryptogod-1

Good day everyone, I hope you are all well, welcome to CryptoGod-1’s blog on all things Crypto. Today I will be looking at the recent news where Huobi Global Limited has been ordered to stop all operations in Malaysia due to working without the neces...

CZ number 4 of Justin Sun Arrest

12 Apr 2023 1 minute read 2 comments Yugocean

     It is suddenly reported by some important crypto analysts and in the news that Justin Sun has been arrested in Hong Kong, but there is no reliable source of this information.   Number 4       Justin Sun tweeted the number 4, indicating that h...