Huobi Token Price

Introduction to HT (Huobi Token)

HT (Huobi Token) is a decentralised digital asset issued by Huobi Global on the Ethereum blockchain. Here are its main features:

1. Issuance Date and Total Supply: HT was launched in January 2018, with a total supply of 500 million, which has already been fully issued, and no further issuance will take place.

2. Technical Standard: HT belongs to the ERC20 class, adhering to the ETH technical standard.

3. Use Cases:

4. Transfer Functionality: HT can be used for blockchain transfers.

5. Payment Functionality: There are plans to offer services allowing HT as a payment method.

6. Trading: It provides trading services for trading pairs like HT/JPY, HT/BTC, HT/ETH, XRP/HT, etc., on exchanges.

7. Transaction Fee Discounts: Customers can enjoy varying fee rates based on the amount of HT held and the trading volume of all pairs on the exchange.

8. Management Utility: There are plans to establish governance functions using HT for voting and to manage operational plans.

9. Community and Voting Mechanism: HT has its own community and a mechanism where community suggestions regarding HT operations are submitted to Huobi Global and decided by votes from HT holders.

10. Burning Mechanism: HT has a burn plan aimed at adjusting its circulating supply. According to past records, approximately 20% of Huobi Global's revenue is used to buy back and burn HT each quarter. Starting from February 15, 2020, the burn plan has been changed to a monthly execution, burning approximately 20% of the previous month's revenue.

11. Supported Trading Institutions: HT can be traded on about 30 cryptocurrency exchanges.