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.
* Forex Rating accepts no liability for any errors in the Huobi Token Price or HT Information. For the most recent information please visit the Huobi Token official site.
| # | Cryptocurrency | 7 days | |
| 1 |  |
Bitcoin | 16.14% |
|---|---|---|---|
| 2 |  |
Ethereum | 10.82% |
| 3 |  |
Tether USDt | 0.01% |
| 4 |  |
BNB | 1.66% |
| 5 |  |
XRP | 4.46% |
| 6 |  |
Solana | 8.03% |
| 7 |  |
USDC | 0.03% |
| 8 |  |
Cardano | 17.42% |
| 9 |  |
Dogecoin | 20.28% |
| 10 |  |
Lido stETH | -3.32% |
| 11 |  |
Avalanche | 26.43% |
| 12 |  |
TRON | 1.98% |
| 13 |  |
Wrapped TRON | 2.06% |
| 14 |  |
Chainlink | 6.84% |
| 15 |  |
Toncoin | -4.62% |
| 16 |  |
Polygon | 9.77% |
| 17 |  |
Polkadot | 17.68% |
| 18 |  |
Wrapped Bitcoin | 16.02% |
| 19 |  |
Shiba Inu | 19.54% |
| 20 |  |
Litecoin | 4.75% |
| # | Broker | Cryptos | |
| 1 |  |
HFM | |
|---|---|---|---|
| 2 |  |
Octa | |
| 3 |  |
FXCC | |
| 4 |  |
FxPro | |
| 5 |  |
Vantage | |
| 6 |  |
MultiBank Group | |
| 7 |  |
Efixxen | |
| 8 |  |
Exness | |
| 9 |  |
Just2Trade | |
| 10 |  |
Dukascopy | |
| 11 |  |
easyMarkets | |
| 12 |  |
eToro | |
| 13 |  |
Forex4you | |
| 14 |  |
FOREX.com | |
| 15 |  |
Kiexo |
The crypto market made another leap forward on Tuesday afternoon after spending less than 24 hours in consolidation mode. In the last day, the total crypto cap reached $1.6 trillion, up 3.9% in a day...
6 Dec 2023
Bitcoin surpassed $42K on Monday, adding more than $2,000. The last time Bitcoin traded above $40K was in April 2022, before the collapse of the Terra ecosystem triggered a massive crypto market crash...
5 Dec 2023
Gold's historic highs and the surge in risk demand at the end of last week did not spare cryptocurrencies. Cryptos experienced impressive gains on Monday, but one cannot leave aside the weekend bull run as well...
4 Dec 2023
The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks...
1 Dec 2023
The crypto market cap fell 0.5% in 24 hours to $1.42 trillion, showing another pullback as part of a broader uptrend that started in mid-October but has slowed in the last couple of weeks...
30 Nov 2023
The crypto market added 2.4% in 24 hours to $1.43 trillion and went back to test highs since May 2022. Bitcoin added 3% during this time, Ethereum 2.75%, and Solana was the top performer among the major coins, adding 8.4%...
29 Nov 2023
© 2006-2023 Forex-Ratings.com
The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.
