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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.
25 Feb 2021 1 minute read 0 comments Driblinho
Huobi ECO Chain is an alternative to Binance Smart Chain (BSC) and base on Ethereum said chain. With HECO you can access Defi product on Huobi Chain like DEX, Lending, Yield farming, NFT, Oracle, Derivatives What is Heco Huobi ECO Chain (Heco) is a d...
21 Feb 2021 5 minute read 29 comments Godsplan
Hi everyone, I’m here again to spread some good news in the crypto market that maybe many of us might have not taken notice about. If we check generally, l can say the month of February had being a great month for bitcoin and its other alternative...
20 Feb 2021 3 minute read 0 comments Bit Media Buzz
It has been a month since MDEX, the new HECO (Huobi Eco-Chain) decentralized exchange was launched. The most updated data from the DEX looks promising: To date - Highest daily transaction volume exceeded USDT 2.32 Billion Total Volume Locked (TVL)...
9 Feb 2021 1 minute read 0 comments NULS
NerveNetwork mainnet node 1.9.0 was officially released at 12:00 (UTC+8) on February 8, 2021, and the new agreement will take effect at 8:00 (UTC+8) on February 10, 2021. About version 1.9.0 • It will increase some cross-chaining assets such as $BUSD...
30 Jan 2021 1 minute read 0 comments Jakonfire
Huobi Pool added Algorand distribution to HPT holders / Get DOGE for Free Houbi now distribute 25 different Cryptos to the HPT hodlers. Since today you also get Algorand (ALGO) airdrops depending on the amount of HPT you hold in your Huobi global ac...
28 Jan 2021 1 minute read 0 comments NULS
NULS/NerveNetwork is now subsidizing gas fees for NULS/Nerve cross-chain project connections to Huobi ECO Chain (Heco). Nerve and Heco have already established cross-chain asset circulation. The idea is to encourage Nerve/Heco projects and ease the b...
23 Jan 2021 5 minute read 0 comments NULS
Technological Progress Develop chrome plug-ins, and conduct joint debugging tests with the back end. Work with NTC to provide web wallet support of the HECO network, enabling user assets to flow freely between Nerve and HECO network. Internal debugg...
29 Dec 2020 1 minute read 0 comments NULS
Mandatory Upgrade Attention: NerveNetwork Friends and Node Owners A new version has been released on the NerveNetwork main-net on December 29, 2020 at 17:00 UTC+8. The update will take effect on December 31, 2020 at 11:00 UTC+8. Huobi ECO Chain (He...
26 Dec 2020 10 minute read 0 comments Game of Bitcoins
Thanks a lot for actively participating in the Huobi AMA held on 26th December 2020 at the Game of Bitcoins Channel. We really appreciate all your support. This post is a recap of the entire session held with Huobi We have with us Ciara Sun I am Cia...
18 Dec 2020 4 minute read 2 comments qsyal
Introduction: Crypto markets have evolved so much since their birth, and in response to that, many top exchanges have developed their services and offered new professional tools for experienced traders.This is so good and fitting for veteran users, b...
