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What is Huobi?
Huobi Token (HT) represents cryptocurrency exchange Huobi Global blockchain. HT token is a decentralized electronic asset, based on Ethereum blockchain and ERC-20 compliant. HT's value depends partly on the reputation of the Huobi crypto exchange, but other factors also contribute. Huobi Token is a relatively new project that made its debut in January 2018, shortly after Binance released its native token, it's own token enables it to take advantage of a flexible marketing strategy that will further grow its platform and attract new users.
One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies.
Who founded Huobi (HT)?
Leon Li is the founder and CEO of Huobi Group. Having graduated from Tsinghua University, he became a proponent of Bitcoin in 2011. Li began his career as a computer engineer at Oracle, the world's largest database provider. In 2013, he founded Huobi Group, took over the management of the company and transformed it into a leading global player in the provision of financial services in the field of digital assets. Jun Du is Huobi's co-founder. Prior to his role at Huobi, he was a community operations director at Comsenz and worked at Tencent. In addition, Du serves as CEO at Node Capital (a venture capital firm with a focus on the blockchain industry), is the founder of Jinse (a blockchain service platform integrating industry news, market information and data) and is co-CEO at BiKi .com (a software provider for digital currency trading).
What problem with Huobi (HT) solves?
- HT tokens have two main functions. Huobi uses HT tokens as reward tokens for its loyalty program, which rewards members with discounts. Huobi has also decided to use HT tokens for granting voting rights on its Huobi Autonomous Digital Asset Exchange (HADAX).
- To fulfill these functions, Huobi has attempted to keep HT's value reasonably stable. To curb inflation, the company allocates 20% of profits for a token buyback program.
Several benefits for Huobi Token Holders are:
- Reduced transaction fees
- Convenient means of exchange
- Promotion of new tokens
- Participation in decision making
How can you buy Huobi (HT)?
The easiest way to acquire Huobi Token is to purchase it on Huobi Global. The exchange supports a large number of token trading pairs and offers advantageous trading rates. Aside from this option, HT is supported on multiple exchanges, including: Gate.io, FTX, KuCoin, Binance JEX, AscendEX (Bitmax), LBank, ProBit Global, 0x Protocol, Bit Well, XT.COM, Wootrade, CoinEx, ACE , BitMart, Xtheta Global, BitZ, BiKi, BiONE, Bitay, Pionex, Hoo, YunEx, BKEX, ZBG, Bibox, Hotbit, MEXC, BitForex, HitBTC, Finexbox, Switcheo Network, Hotcoin Global, Tokenlo