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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.

 


Huobi Follows Coinbase and Lists Loopring's $LRC

15 Sep 2020 1 minute read 2 comments Abhi K

Huobi has listed $LRC token of the decentralized exchange protocol project Loopring (LRC), according to an announcement published on September 15. Huobi will $LRC and $UMA at 14:00 on September 15 (GMT +8) As is always the case, deposits will be ope...

Huobi Global DeFi Alliance Adds 10 New Members, Including Aave, Balancer, Curve and Synthetix

15 Sep 2020 1 minute read 0 comments Abhi K

Huobi’s consortium of DeFi entities, the Huobi Global DeFi Alliance, welcomed 10 new members on September 15, according to a CoinTelegraph report. The new members include some of the biggest names in the DeFi space, such as Aave and Curve Finance. ...

What is better Binance or Huobi Global 2020

10 Sep 2020 1 minute read 3 comments Dnobs

  I will explain to you what advantages and disadvantages both have and at the end I tell you what I use   Binance: Binance normal trading fees are 0.1%Maker/0.1%Taker. Thes fees are low   Positive facts: You can earn interest of your balance You hav...

Reasons Why Band Is Looking So Good Under $13

28 Aug 2020 2 minute read 6 comments Sapphire

You Have Not Missed It I am sure many are feeling like they missed the boat with BAND protocol and wish they could just rewind time a couple of months to when BAND was about a dollar! Well, you cannot rewind time but you can definitely take advantage...

Huobi Arm Becomes Switcheo Validator

17 Aug 2020 1 minute read 1 comment Abhi K

Decentralized exchange Switcheo has welcomed the Huobi mining pool as a validator on its network, according to an announcement made on August 17. Huobi mining pool joined Switcheo TradeHub network, the latter being an open source order matching engi...

NEST Protocol - Most undervalued DeFi oracle protocol now listed on Huobi

8 Aug 2020 1 minute read 0 comments Jakonfire

NEST Protocol - Most undervalued oracle protocol now listed on Huobi   What is NEST? NEST protocol is a distributed price oracle networkthat solves the problem of price on-chain through a decentralized incentive scheme.It works with quote mining (inc...

Huobi Forms DeFi Investment Arm

3 Aug 2020 1 minute read 0 comments Abhi K

Singapore-based cryptocurrency exchange Huobi will launch a new investment arm focused exclusively on DeFi, according to a press release published on August 3. The initial agenda for DeFi labs will be related to research, investment and incubation of...

Top 3 interesting coins with a price under 10 USD

26 Jul 2020 2 minute read 0 comments cryptheory

Many crypto enthusiasts prefer cryptocurrencies with a lower market price, which they can buy in larger quantities with a relatively low investment. Here we will introduce you 3 coins (or tokens), which are among the most interesting in this category...

Telegram scammers get seized $15 million worth in Cryptocurrency by China Police.

12 Jul 2020 1 minute read 0 comments alberdioni8406

  ​​​​When I say that criminals are always one step upfront us I really mean it, this is one more scam "movie" where they used the most large Crypto app to communicate, the Telegram! This criminals used dozens of groups to promote smart contract a...

Stake NEO now on Huobi Pool

7 Jul 2020 1 minute read 0 comments Jakonfire

Stake NEO now on Huobi Pool Now you become able to stake your NEO with Huobi to earn more HPT. There is a minimum of 13 NEO required for staking on Huobi Pool and you can even earn more by choosing a longer period to stake your NEO. Don't forget yo...