Huobi Token – Rating, HT Current Price, Marketcap

Huobi Token is an internal cryptocurrency of the Huobi exchange, focused on the stable exchange development and support of the customers and investors. This virtual currency exchange is considered one of the largest both in China and in the world. Creating its own digital money based on ether tokens allows the Huobi exchange to optimize the services offered and make them more reliable for usage.

Huobi Token (HT) is an exchange based token and native currency of the Huobi crypto exchange. The HT can be used to purchase monthly VIP status plans for transaction fee discounts, vote on exchange decisions, gain early access to special Huobi events, receive crypto rewards from seasonal buybacks and trade with other cryptocurrencies listed on the Huobi exchange.

Huobi Token is designed to reduce the fees paid by its holders for trading on the platform, and is used in the point system when adding new tokens to the exchange. This token is distributed among Huobi paid VIP users. The Huobi platform provides five VIP levels for its users. The presence of the token at the exchange will not only significantly increase the platform capitalization, but also have sufficiently flexible marketing to attract new customers.

One of the benefits of holding the Huobi Token is the ability to participate in the Huobi Autonomous Digital Asset Exchange (HADAX). This is a hybrid exchange that allows its users to vote on which coins they’d like to see listed.

That voting is done with the Huobi Tokens. Huobi than conducts a minimal audit, and investment firms such as ZhenFund and Draper conduct due diligence to ensure the projects meet minimal quality standards and are compliant with any existing regulations.

Users benefit from being able to get their favorite projects listed on an exchange platform, but they benefit further by receiving free coins if the project gets listed. This provides an incentive to voting.

One scenario might see a project offering 5 free tokens airdropped for every vote they receive, and as long as the project gets listed the voters receive the airdropped tokens. If the project isn’t able to get enough votes to be listed the tokens may be returned. So, it’s a win-win for users no matter what outcome.

FxPro
22 Jan, 2021   FxProBitcoin price tumbles to $28750

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000...

FxPro
21 Jan, 2021   FxProWhy did Bitcoin fall below $33000?

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Data from Cointelegraph...

FxPro
20 Jan, 2021   FxProReasons Bitcoin abruptly dropped by 7.4% overnight

The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three...

FxPro
19 Jan, 2021   FxProWhy Ethereum has been rising faster than Bitcoin price in 2021

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning...

19 Jan, 2021   BTC Undecided, DeFi Sends Altcoin Surging

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting...

FxPro
18 Jan, 2021   FxProBitcoin open interest hits $8.8B

Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion...


FxPro
15 Jan, 2021   FxProAnother double-digit growth for Bitcoin

Bitcoin's success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours...

FxPro
14 Jan, 2021   FxProBitcoin Claws Back to $36400

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March...

14 Jan, 2021   Crypto Market: A Good Start To The Year

Since the end of December, and even a little prior to that, Bitcoin has been on a tear away as its price ticked off major milestones along the way. Crossing the $20,000...