Total market capitalization of HT to be valued at USD 1 billion－is one of the highest among the existing stable coins in the blockchain industryb. Trading volume stood at USD 500 million per dayc. The annual turnover is expected to hit USD 1 trillion by 2020d. There are 50 team membersf. Being backed by top-notch venture capitalsg.
Just like many other leading cryptocurrency exchanges, Huobi also has its token(s), which are issued on the Ethereum blockchain. These are two kinds of Huobi Tokens issued by Huobi.
HT1 (HTX) is used as native currency for trading fee discounts on Huobi Pro, an international trading platformb. HT2 (HTH) is not tradable; it's restricted to Huobi Token Burn Program(see below).
How about their token burn program? They plan to use 20% of all net profit earned based on current market price of Huobi Token (HT), every quarter, to buy back and destroy certain amount of its own tokens until 100 million total tokens are burned . This will create a deflationary effect with the limited quota of 100 million tokens available in exchange for users' crypto currencies.
Huobi Token Burn Program: Destroyed Huobi Tokens can no longer be used as a trading fee discount on Huobi Pro.
In the next phase, Huobi plans to build a public chain which supports thousands of tokens, aiming at being one of the world's top 10 blockchain platforms. The long-term goal of this project is to build an exchange that equals or surpasses Nasdaq in terms of scale and innovation. Users will be able to enjoy more diversified services with a lower cost under a secure and transparent environment. By then, HUOBI TOKEN (HT) will have been listed on more exchanges globally, making it accessible for more users worldwide . So yes …it's certainly interesting to know about HUOBI TOKEN (HT).
Other than being one of the top cryptocurrency exchanges in the world, Huobi Global is well known for its token called Huobi Token or HT. This token was launched via an Initial Exchange Offering which was completed in early 2018. It's already listed on many reputable crypto exchanges around…in fact, it can be traded with BTC , ETH and USDT . Now you know this…le's proceed to check out why HT is worth your attention!
Huobi also has another native currency called "HT2". Although it's not tradable, it will be used for buying back burned when purchasing certain amount of tokens. The purpose of burning the HT2 is to protect its market value, making it more stable and not susceptible to price fluctuations.
Every user who holds HT or BNB tokens will be rewarded an equal amount of HTX as a discount on trading fees. This means that if you hold 1 BNB and pay 0.1% trading fee, you will receive 10 HTX as a reward at the end of every day based on your daily order book turnover. It's also worth noting that this reward is granted without any cap.
