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coin summary Huobi (ht)


- Huobi, the thirdlargest cryptocurrency exchange in the world, recently announced and launched a new currency.
- The Huobi Token HT rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies.
- The hope was to bring greater value to Huobi’s millions of users, mostly located in Asian countries.
- The launch of the Huobi Token follows in the footsteps of other loyaltybuilding tokens that other exchanges have launched.
- The first and most successful of these tokens has been Binance Coin BNB.
- The creation of BNB secured Binance’s place as the world’s leading exchange.
- It offered discounted trading fees in exchange for customer loyalty, primarily functioning as a loyalty rewards system.Huobi officially announced its intentions to launch a new token on January 22, 2018.
- Over the course of 15 days, Huobi would distribute 300 million HT 60% of the total supply to its pro users who purchased a discounted service package.
- Each morning, a new batch of HT would become available on a first come, first served basis.
- Huobi declared this token distribution scheme, “not an ICO,” due to the nature of the offering.
- Users are buying a specific service package, part of which includes HT that give a discount toward trading fees.
- The exchange launched the Huobi Token as part of an overall strategy to recover its user base after tightening regulations in China severely restricted cryptocurrency trading.
- In an interview with CoinDesk, Leon Li, Huobi’s founder, revealed that Chinese rule changes had decimated the trading volume on Huobi by 95% between September 15 and November 1, 2017.The HT token distribution began on January 24 and wrapped up on February 7, 2018.
- Each day of the distribution, millions of tokens sold out in mere minutes after going on sale.
- At that point, 300 million HT had been distributed to Huobi Pro members who bought packages.
- That’s 60% of the total supply currently in public circulation.
- Another 200 million HT, 40% of the total supply, was set aside.
- 20% goes toward user rewards and platform operation.
- The other 20% is vested for four years and constitutes the team reward.Huobi isn’t the first exchange to issue its own token.
- Binance BNB, Bibox BIX, KuCoin KCS and Coss COSS have all issued their own tokens as well..

Summary of the coin Huobi

Summary of the coin Huobi


market value (Market Capital) Ranked 453

highest price statistics: 39.66 $USD
total number of coins(Supply): 201,050,000.00 coin
circulated (Circulated): 159,406,077.00 coin
79.29%
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Study the exchange market information. Huobi


HT<->USDT HT<->BTC

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at news date
1 Lazarus Group moves 12M from HTX HECO hacks to Tornado Cash 2024-03-15
2 Crypto exchange HTX reinstates Bitcoin services after 30M hack 2023-11-27
3 HTX hacked again for 30M 100K Koreans test CBDC Binance 20 Asia Express 2023-11-24
4 HTX hacked again for 136M 100K Koreans test CBDC Binance 20 Asia Express 2023-11-23
5 HTX to restore services within 24 hours after 136M hack 2023-11-23
6 HTX exchange loses 136M in hot wallet hack Report 2023-11-22
7 HTXs Justin Sun claims record profits despite staff cuts 2023-10-26
8 HTX claws back 8M in stolen funds issues 250 ETH bounty to hacker 2023-10-08
9 CZ appoints Binance security team to track Huobi HTX stolen funds 2023-09-26
10 Huobis new name HTX raises community eyebrows 2023-09-13
11 Forget HTTP Ethereum has a new URL standard that cant be blocked 2023-03-15

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The most traded coin


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5 PEPE title=PEPE <0.01 362,872,156.59
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24 LINK title=LINK 14.51 40,320,989.10
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