Dear users,
As per Huobi Token (HT) buyback plan, HTX will spend 20% of its quarterly revenue on buyback each quarter. Since this quarter, the 20% revenue of HTX DM will also be used to buyback and the buyback in the first quarter of 2019 has been completed (the conversion price of USDT is the closing price on March 31). We hereby disclose the information of this buyback as follows:
I. HT circulation information:
1. Total amount in the market: 329,993,000
HT rewards of Point Card purchase: 300,013,500
Marketing promotions: 2,362,300
Employee incentives: 23,582,600
Ecological fund investments: 4,034,600

2. Total locked amount: 66,606,400
OTC merchants: 8,345,000
Global Elites: 621,000
Project teams’ security deposit of HTX Next: 3,626,200
HTX Next Voting (including the previous HADAX 2.0 Voting): 2,024,100
Ecosystem fund investment: 782,200
Investor protection fund: 51,157,900
Others: 50,000

3. Current HT in Circulation: 256,911,800
Total circulation amount = total amount in the market – locked amount – secondary market buyback
Secondary market buyback: 6,474,800
6,474,800 HT was repurchased in the secondary market. The revenue of the first quarter, 2019 increased from that of the fourth quarter, 2018. Due to the HT price upsurge, the buyback amount of HT slightly decreased in the first quarter.

4. Q1 2019 Token Burn 
In accordance with the results of the HT buyback program public vote, HTX has completed burn of all HT repurchased in the first quarter of 2019 amounting to 6,474,800 HT.
Burn record:
https://etherscan.io/tx/0xcb467688fd87bfe43ad7c22881729fbb9ef7cf56c85522de593a18f90c658d7e

II. Summary of HT application cases:
1. HTX Next Voting
2. Security Deposits of HTX Next Project Teams
3. Global Elites Security Deposits
4. Security Deposits of OTC Merchants
5. HTX Ecosystem Fund
6. OTC Legal Support
7. HT Holder Benefits
8. HTX Eco Partner Trading Zone
9. HTX Cloud Security Deposits
10. HTX Club Consumption
11. HTX Prime Projects
* More HT application cases will be available soon. Please stay tuned.

III. Development plan of Huobi Token in the next stage
1. Starting this quarter, all repurchased HT will be burnt, this making HT supply deflationary.
2. Since the launching of HBDM on December 10, 2018, it is dedicated to providing secure, professional and highly efficient digital asset services. Meanwhile, the 20% of the HBDM revenue will be used to buyback HT.
3. HT has been applied in the HTX Pool service fee and HTX Prime. The application of HT has been expanded to community service providers, several incubators and top mining machines, top 10 mining pools and 30+ media in the crypto-world. With the development of HTX Ecosystem, HT holders will be able to enjoy more benefits.
Since it was founded in 2013, HTX Group has upheld the idea of “empower financial services and liberate global wealth” as its mission and “putting users first” as its concept. HTX Group is committed to offering secure, professional, credible, and quality services. As the core of HTX Ecosystem and HT will have more application scenarios. We hope that more partners can join in the ecology of HTX, and grow together with us to promote the development of the blockchain industry!

HTX
April 15, 2019