Huobi Token Price

Introduction to HT (Huobi Token)

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

1. Issuance Date and Total Supply: HT was issued in January 2018 with a total supply of 500 million tokens, which have all been issued and will not be increased.

2. Technical Standard: HT is an ERC20 token, following ETH's technical standards.

3. Uses:

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

5. Payment Uses: Plans to provide services that allow using HT as a payment method.

6. Trading: Offers trading services for pairs like HT/JPY, HT/BTC, HT/ETH, XRP/HT, etc.

7. Trading Fee Discounts: Depending on the amount of HT held and the trading volume of all currency pairs on the exchange, different fee rate discounts apply.

8. Management Uses: Plans to establish a management function where voting is conducted using HT, and HT is used for votes on operational plans.

9. Community and Voting Mechanism: HT has its own community and a mechanism where the community can provide feedback to Huobi Global regarding HT operations, which will be decided by votes from HT holders.

10. Burn Mechanism: HT has a burning plan aimed at adjusting its supply. Based on past records, approximately 20% of Huobi Global's quarterly revenue is used to buy back and burn HT. Starting from February 15, 2020, the burn plan was changed to a monthly execution, burning about 20% of the previous month's revenue.

11. Supported Trading Institutions: HT can be traded on around 30 token exchanges.