Huobi Token Price (HT) $2.43 USD

Comprehensive information on Huobi Token cryptocurrency is available today, including its current price HT and staking, market capitalization, latest news, earning opportunities, insightful guides, overall value, and detailed charts.

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Huobi Token
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2.43

What is Huobi Token (HT)?

Huobi Token (HT) is the proprietary cryptocurrency of Huobi Global, one of the most renowned cryptocurrency exchanges worldwide. HT operates as an ERC-20 standard token, issued by the exchange to enhance network security and provide specific user benefits. Similar to Binance Coin (BNB), HT also employs a token burn mechanism.

The primary purpose of Huobi Token is to enrich the user experience on the Huobi exchange. It allows users to receive trading fee discounts and access new cryptocurrencies. Additionally, token holders have the opportunity to participate in voting on the future development of the Huobi exchange.

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Who are the creators of Huobi (HT)?

The company was founded by Leon Li, a computer engineer who previously worked at Oracle and was an early supporter of Bitcoin. His aim was to introduce blockchain technology to a wider audience. Other co-founders include Jun Du, the CEO of Node Capital, and Herbert Rafael Sim, the founder of Crypto Chain University with connections to media outlets like Forbes and Huffington Post.

Investors

Huobi successfully raised $2 million across four rounds of funding. Notable investors include organizations like ZhenFund (Seed Round) and NodeCapital (ICO).

Is Huobi (HT) worth to investment?

The cryptocurrency sector is rapidly evolving, offering numerous growth opportunities. In this context, Huobi has distinct advantages that make it intriguing within the expanding market. Nevertheless, before investing in Huobi Token, several key aspects should be considered:

As the cryptocurrency market expands, the popularity of Huobi is also on the rise. The company holds a prominent position among Chinese exchanges and serves users from over 130 countries in the Asia-Pacific region.

Huobi Group is pursuing decentralization by closing its divisions in China, aiming to attract users from various parts of the world.

Huobi Token (HT) introduces innovative practices in the realm of cryptocurrency exchanges, using it to access premium services and organizing trading competitions and VIP events for token holders.

Huobi ECO Chain exhibits rapid growth with over 124 decentralized applications and a total value of $5.72 billion.

Huobi ranks as the second-largest exchange by trading volume, with a daily turnover of $3.5 billion, underscoring its significance in the cryptocurrency exchange market.

What sets apart the Huobi Token (HT)?

The Huobi Token (HT) serves two primary functions. Firstly, it functions as part of Huobi exchange's loyalty program, offering participants various discounts when using tokens for payment. Secondly, the company has implemented HT tokens for user voting on the autonomous digital asset exchange Huobi (HADAX).

To support these functions, Huobi makes efforts to maintain a stable HT value. The company allocates 20% of its profits to a token repurchase program to mitigate inflation.

Holders of HT tokens benefit from several advantages through their usage:

Reduced transaction fees: The Huobi exchange provides discounts to VIP-status clients, enabling investors and traders to save on fees.

Convenient exchange: The platform ensures smooth Huobi Token exchange and supports trading pairs with a variety of popular cryptocurrencies.

New coin support: HT holders receive coins upon the introduction of new crypto assets and can also receive wallet bonuses.

Investor protection: Tokens repurchased by the exchange are directed to an investor protection fund designed to compensate for financial losses.

Participation in decision-making: HT token holders have the opportunity to vote and influence the development of the Huobi exchange and its ecosystem.

How much Huobi Token (HT) is in circulation?

The launch of Huobi Token took place in early 2018 through a unique scheme. Initially, HT tokens were distributed among VIP users, while regular traders could acquire them through service packages. This distribution method is called an Initial Exchange Offering (IEO), distinct from the traditional Initial Coin Offering (ICO).

The total supply of Huobi Token is capped at 500 million coins. After the launch, 60% (300 million coins) were distributed among exchange users, while 40% (200 million coins) remained in reserve.

The creation of the proprietary token led to an increase in the exchange's capitalization and encouraged user loyalty by offering exclusive benefits through various features.

Security of the Huobi Token network?

The security of the Huobi Token network is upheld through a comprehensive set of security measures. Within the Huobi ecosystem, a decentralized architecture is employed, along with a system designed to fend off Distributed Denial of Service (DDoS) attacks, contributing to an overall enhanced security posture. Additionally, approximately 98% of all funds are stored in cold wallets secured with multi-signature capabilities. This approach mitigates the risks of hacker attacks and unauthorized access to assets.

Particular emphasis is placed on safeguarding user accounts and assets. The exchange utilizes a risk control system referred to as "Don't Be Evil" to bolster customer fund security. This system is designed to prevent abuses and unethical activities within the platform.

Since the beginning of 2018, the "Security Reservation Mechanism" has been in operation on the platform. This mechanism is devised to safeguard assets. Furthermore, in January of the same year, the Investor Protection Fund was introduced. These measures ensure that holders of Huobi Token (HT) are insulated from potential financial losses stemming from fraudulent actions and other risks associated with cryptocurrency trading.

Frequently Asked Questions

What is the price of Huobi Token(HT)?

As of now, the current live price of Huobi Token (HT) stands at $2.43 USD. We provide real-time updates for the HT to USD exchange rate. If you're interested in purchasing Huobi Token (HT) at the present rate, the leading cryptocurrency exchanges for trading in Huobi Token include Binance, Deepcoin, OKX, Bitrue, and Bybit.

How to Buy Huobi Token (HT)?

Choose a reliable and secure cryptocurrency exchange that supports Huobi Token trading. Some popular exchanges include Coinbase, Binance, Kraken, and Gemini. Find an Huobi Token trading pair (e.g. HT/USD, HT/BTC) on the exchange platform. Decide how much Huobi Token you want to buy and place an order. Before completing your purchase, review the details of your order, including the amount of Huobi Token and the total cost. Confirm the transaction. Remember that buying Huobi Token is risky and prices can be very volatile. Only invest what you can afford to lose, and do your research to make informed decisions.

What is the potential price growth of Huobi Token (HT) crypto?

Attempting to predict the future price of Huobi Token (HT) remains an elusive endeavor. Nevertheless, It is essential, as always, to conduct thorough research (DYOR) and exercise prudent judgment when considering investments in cryptocurrencies, mindful of the inherent financial risks involved. Now the price of HT is $2.43 to USD.