Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It was launched in 2018 and serves as a utility token, offering various benefits to its holders, including lower trading fees, VIP rewards, and governance rights. HT is an ERC-20 token with a limited supply of 500 million and is used for trading, payments, and other services within the Huobi ecosystem.
Huobi Token (HT) is the native cryptocurrency of the Huobi exchange, a prominent global trading platform. It plays a crucial role within the Huobi ecosystem, offering various benefits and features to its holders. Here are the key ways HT is used:
Discounts on Trading Fees: HT holders can enjoy discounts on trading commissions. The default trading fee on Huobi is 0.2%, but HT holders can get a discount of up to 90% depending on their HT retention level.
Rewards and VIP Status: HT holders can become Huobi VIPs, earning exclusive rewards and benefits. They can also participate in events like Huobi Bitcoin Pizza Day, where they receive special awards.
Voting Rights: HT holders have voting rights, allowing them to participate in decision-making processes for the platform, such as voting on new coin listings.
Collateral for Loans: HT can be used as collateral to receive crypto loans, providing users with additional financial flexibility.
Governance and Community: HT is used to support the community-driven development of the platform, with holders influencing key decisions and contributing to the growth of the Huobi ecosystem.
Trading and Payments: HT can be traded with other cryptocurrencies and used for payments within the Huobi ecosystem, making it a versatile asset for users.
Overall, the Huobi Token is designed to enhance the user experience on the Huobi exchange, offering a range of benefits that incentivize users to hold and use the token.
To store Huobi Token (HT) tokens, you can use a variety of wallets that support the HECO chain. Here are some options:
Ledger Hardware Wallet: Ledger offers a secure hardware wallet that stores your private keys offline, making it resistant to malicious attacks. You can manage your HT tokens through the Ledger Live app, which allows you to buy, swap, and stake your tokens.
Wigwam Crypto Wallet: Wigwam provides a secure wallet for storing HT tokens. You can buy, sell, exchange, and stake your tokens directly within the wallet. It also offers real-time tracking of your assets and does not require KYC or personal data collection.
Zengo Keyless Wallet: Zengo offers a keyless wallet that uses facial recognition and other advanced security methods to keep your HT tokens safe. You can easily send, receive, buy, and trade your tokens within the app, which also provides real-time portfolio tracking.
- Other Wallet Options: You can also use other wallets like Bitget, Metamask, and desktop or mobile wallets that support the HECO chain. These wallets allow you to store and manage your HT tokens securely.
Regardless of the wallet you choose, make sure to follow the necessary steps to set up and secure your wallet to protect your HT tokens.
To buy Huobi Token (HT) tokens, follow these steps:
Choose a Reliable Exchange: Select a trustworthy and reliable cryptocurrency exchange that supports Huobi Token (HT) purchases. Some popular options include HTX, KuCoin, Gate.io, Pionex, and YouHodler.
Create an Account: Register on the chosen exchange by providing the required information and setting a secure password. Enable two-factor authentication (2FA) for added security.
Verify Your Identity: Complete the Know-Your-Customer (KYC) verification process, which may vary depending on your nationality and region.
Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
Buy Huobi Token (HT): Use your added payment method to buy HT. You can purchase HT directly with fiat currency if supported, or first buy a popular cryptocurrency like USDT and then exchange it for HT.
Additionally, you can also use decentralized exchanges (DEXs) and crypto wallets to buy HT. For this, you need to:
Download a Crypto Wallet: Choose a reputable wallet like Trust Wallet and download it to your device.
Set Up Your Wallet: Register and set up the wallet, ensuring you keep your seed phrase safe and note your wallet address.
Buy ETH as Your Base Currency: Buy Ethereum (ETH) on an exchange like Binance and transfer it to your wallet.
Choose a DEX: Select a DEX that supports your wallet and the HT token.
Connect Your Wallet: Connect your wallet to the DEX using your wallet address.
Trade Your ETH for HT: Use your ETH to buy HT on the DEX.
Remember to always follow the specific instructions provided by the exchange or wallet you are using, and be cautious of fees and market risks.
Huobi Token (HT) is the native cryptocurrency of the Huobi Global cryptocurrency exchange. It was launched in January 2018, shortly after a similar native token was introduced on the rival Binance exchange. The creation of HT enables Huobi to implement a flexible marketing approach to attract new users and expand its platform.
Huobi was founded in 2013 by Leon Li, a former Oracle engineer, and initially operated in China. However, following China's 2017 Bitcoin trade ban, the exchange expanded to Singapore, South Korea, and Japan. The Huobi Group decided to build its own blockchain, named Huobi Chain, which supports over-the-counter (OTC) trading and derivatives/futures trading. The Huobi Token was created to reward users with lower fees and provide unique VIP rewards and governance rights for voting.
Huobi Token has several benefits within the Huobi ecosystem, including reduced transaction fees, VIP status plans, and the ability to participate in exchange-related decisions through voting. Additionally, HT holders can engage in the Huobi ecosystem by voting on exchange matters, offering a sense of ownership and influence. Regular token buybacks and burns contribute to potential supply reduction and price stability, creating a deflationary mechanism. Beyond the exchange, HT's utility extends to other trading platforms, enhancing liquidity and portfolio management capabilities.
The Huobi Token has played a significant role in the growth of Huobi Global, one of the largest cryptocurrency exchanges in the world. As the exchange continues to expand and evolve, the value of HT is influenced by various factors, including market trends, regulatory shifts, technological developments, and user adoption dynamics.
Huobi Token (HT) is the native token of the Huobi Global exchange, a centralized cryptocurrency exchange. It plays a crucial role in the Huobi ecosystem, offering various benefits to its holders. Here's how it works:
Key Features and BenefitsDiscounts on Trading Fees: HT holders can enjoy discounts on trading fees, which can be significant for frequent traders. The discounts are tiered, with higher levels of HT retention leading to greater discounts.
Rewards and Airdrops: Huobi Token supports promotional airdrops, where token holders receive rewards in the form of HT whenever the exchange lists new crypto assets. This incentivizes users to hold HT and promotes the newly listed currencies.
Voting Rights: HT holders have voting rights, allowing them to participate in decisions about the platform, such as which new coins to list. This gives users a sense of ownership and control over the exchange's direction.
Early Access: HT holders often get early access to events, promotions, and new features on the platform, making them part of an exclusive community.
Corporate Payments and OTC Trading: HT is used in corporate payments and over-the-counter (OTC) trading, making it a standard form of payment within the Huobi ecosystem.
- Total Supply: There are 500 million HT tokens in total.
- Distribution: 100 million HT are reserved for platform operations and user rewards, 100 million for the Huobi team as incentives, and 300 million were given away to users who purchased prepaid services on the platform.
- Huobi ECO Chain: HT is part of the Huobi ECO Chain, which hosts decentralized finance (DeFi) applications like decentralized lending and borrowing platforms.
- Community Events: HT holders can participate in events like Huobi Bitcoin Pizza Day, where they receive exclusive rewards.
- Trading Pairs: HT can be traded with various cryptocurrencies on the Huobi exchange.
- Investment: HT can be held as an investment, with its value tied to the performance of the Huobi exchange and the broader cryptocurrency market.
- Interest: HT holders can earn interest on their tokens by depositing them in specific accounts.
- Loans: HT can be used as collateral to take loans in stablecoins, providing users with liquidity without having to sell their tokens.
Overall, the Huobi Token is designed to enhance the user experience on the Huobi exchange, offering a range of benefits and incentives that encourage users to hold and use the token.
The Huobi Token (HT) has several strengths that make it an attractive investment opportunity:
Tied to Exchange Performance: The value of HT is closely linked to the performance of the Huobi exchange, which continues to grow with increasing trade volumes. This means that as the exchange profits, the value of HT is likely to rise as well.
Voting and Rewards: HT holders have the ability to participate in the Huobi Autonomous Digital Asset Exchange (HADAX), allowing them to vote on which coins they would like to see listed. This not only gives users a say in the platform's development but also provides them with free coins if the project gets listed.
Discounts and Benefits: HT holders can enjoy discounts on trading fees, access to new projects, and generate more tokens via the Huobi Prime platform. Additionally, they can stake their HT tokens in the Huobi PrimePool to take part in new listing activities.
Token Burning Mechanism: Huobi Global spends 20% of its monthly earnings on buying back and destroying HT tokens, which reduces the token supply and can boost the value of HT by affecting market forces of demand and supply.
Global Reach and Adoption: As Huobi continues to expand globally, the demand for HT is likely to increase, driving up its value. The token is already widely accepted and supported by various partners, making it universally applicable.
Strong Founders and Team: Huobi was co-founded by Leon Li, a former computer engineer at Oracle, and other experienced professionals. This strong leadership and team contribute to the token's credibility and potential for growth.
These strengths position HT as a promising investment opportunity, particularly for those interested in exchange tokens with a strong connection to the performance of a major cryptocurrency exchange.
Huobi Token (HT) is a cryptocurrency native to the Huobi Global crypto exchange. It is based on the Ethereum blockchain and operates in over 130 countries. The token offers users 65% off trading fees and can be staked to access new tokens. The amount of HT in circulation is designed to decrease monthly through coin burning, which helps support the token's price and keep inflation low.
Huobi Token has experienced significant price fluctuations. In 2018, it rose from $1.20 to $5.96 before falling to $1.05. It remained stagnant for two years before reaching an all-time high of $39.81 in 2021. However, it declined to $9.37 by the end of that year. In 2022, the token suffered along with the broader cryptocurrency market, falling to a low of $6.03 and then further to $4.30.
Huobi Token is considered a high-risk investment. InvestorsObserver analysis assigns it a high risk score due to the potential for price manipulation based on trading activity and market capitalization. This means that investors should be cautious and consider the risks before investing in HT.
- Leon Li: Founder and CEO of Huobi Group, a former computer engineer at Oracle, and a Bitcoin supporter since 2011.
- Jun Du: Co-founder of Huobi, previously the community operations director at Comsenz, and concurrently serves as the CEO of Node Capital and BiKi.com.
- Herbert Rafael Sim: Co-founder of Huobi, founder of Crypto Chain University, and leads digital marketing efforts and public relations within Huobi.
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