Huobi Global (HT) is one of the most used exchanges in the world of cryptocurrency. The exchange was founded by Leon Li and Jun Du. The exchange is held in high regard as the platform allows you to exchange between hundreds of pairs.
Huobi Token (HT) is the native token of the platform. Launched in 2018 the project is quite new in the world. Being rivals with coins such as BNB of Binance and KCS of KuCoin, HT faces tough competition in cryptocurrency.
Huobi Token (HT) uses
Huobi Token has multiple uses. HT can be used to reduce transaction fee on Huobi Global. The token can be used to purchase VIP status and makes them eligible for various rewards. People who hold HT are also eligible to vote on exchange decisions. People who hold Huobi Tokens also receive coins whenever new listing happens on the platform as a means of promotion. The platform also uses HT tokens as a form of insurance for the investors and compensates them in case they suffer some loss.
HT Key Statistics
There is a total of 500M tokens of HT out of which 60% were distributed and the remaining 40% are reserved. According to CoinMarketCap the token is ranked 52. With a market dominance of 0.12%, the coin is currently being traded at a price of 13.53%. HT has had an increase of 1.13% in the last day with an overall increase of 25.31% in the last 7 days. Huobi Token has achieved its All Time High on 13th May 2021 and had a price of $39.9.
HT’s Recent Developments
Recently the company has dissolved one of its entities called Beijing Huobi amidst the crackdown from Chinese Government and had stopped offering leverage trading to its users based in China. According to a company’s spokesperson, the Beijing Huobi was in its initial stages of development and was not in operation.
Is Huobi Token (HT) a good investment?
With new tokens listing every day and the way the exchange is giving rewards to its users and holders, we can see that the Huobi has a bright future ahead. The more exchange is used the more we can expect to people to buy Huobi Token as it offers so many rewards. The token can be purchased from a number of different exchanges. It can be expected of the coin that it breaks All Time High price and go into the price discovery phase in a year.
