Huobi Token Price & Charts
Huobi Token News
What Is Huobi Token ?
Huobi Token (HT) is a native token of a leading cryptocurrency exchange by volume. This is an ERC20 token cryptocurrency with great potential for every serious investor. It is known for its’ low transaction fees, and HT helps new coins to be enlisted in Huobi Pro exchange based on point system.
Huobi Token can be utilized in various ways, and one of the use cases is to earn money with it. This is achieved by voting in Huobi Autonomous Digital Asset Exchange (HADAX) for free.
Huobi Token (HT) is one token that didn’t participate in ICO. rather a total of 300 million HT were issued to users to buy “service fee package” using a USDT. The USDT is a cryptocurrency pegged to the USD to buy Huobi Token through BTC, ETH, and LTC.
A user can store his/her Huobi tokens via the Huobi wallet, available on the Huobi homepage. It can also be stored in any wallet that is ERC-20 token enabled such as MyEtherWallet, Metamask, and others. We have hardware wallets such as Trezor and Ledger Nano S to store Huobi tokens which seems to be the safest.
What makes Huobi Token Unique
The platform is pegged to a minimum purchase of 100 Huobi Tokens, setting the bar for only serious investors to invest and thereby making the token stable while offering liquidity.
The over-the-counter model (OTC) has increased the trading globally, increased the volume growth and ensured the value of Huobi tokens skyrocket.
Huobi’s frequent users can have a VIP subscription that attracts a low transaction fee of 0.1%.
The voting system in HADAX platform has made HUOBI token unique where a user earns free HT for voting his/her desired coin to be listed via their exchange.
Huobi Tokens (HT) were not sold via initial coin offering (ICO). Users can only obtain HT by buying ‘Point Cards’ on Huobi Pro. One point card is equivalent to one USDT.
Another unique feature of HT is its’ Liquidity Protection. This is a situation where Huobi Pro buys 20% of the tokens in an open market to ensure sufficient liquidity. This 20% HT bought will be held in the Huobi User Protection Fund to protect customers’ interest and compensate losses in case of an emergency.
Huobi Pro, owners of HT, was founded by Leon Li, a seasoned management expert. He is supported by other team members who are experienced in blockchain industry, finance and security.
- It can be used for trading and exchange transactions.
- It is used for liquidity protection.
- It is used for a voting system in HADAX.
HT can be mined via mining pool where miners contribute resources to mine, and the reward is based on individual’ contribution. More information regarding this can be gotten from the official website.
HT can also be gotten via the voting system in Huobi Autonomous Digital Asset Exchange (HADAX).
Lastly, HT can also be obtained by buying ‘Point Cards’ on Huobi Pro. One point card is equivalent to one USDT.
Notes for Investors
Getting the native exchange token like HT at the expense of volatile cryptocurrencies is considered a haven for investors. HT has shown a remarkable improvement in the cryptocurrency market since the lunch in February 2018.
Huobi Token is presently selling at USD 3.60, the market capitalization is USD 180,056,220, and the Circulating Supply is 50,000,200 HT. It’s currently ranked 58 in the cryptocurrency market with an upward review of 15% in the last four weeks.
HT is one token, every serious investor should consider, with liquidity protection for investors, you have nothing to lose.
Quick Disclaimer: This is not intended to advise anyone to invest in HT but to get the public well informed about the token. Do your research and consult widely to decide whether it’s a good investment option or not.