Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange, one of the world's largest and most popular cryptocurrency exchanges. HT was launched in January 2018 as a way to provide users with access to premium features on the Huobi platform and incentivize community participation.
HT is an ERC-20 token, meaning it operates on the Ethereum blockchain. The total supply of HT is limited to 500 million tokens, with a circulating supply of approximately 200 million tokens as of March 2023.
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The main use cases for HT include:
- Trading Fee Discounts: HT holders can enjoy discounted trading fees on the Huobi Global exchange, with discounts of up to 50%.
- VIP Access: HT holders can access premium features and services on the Huobi Global platform, such as fast withdrawals, OTC trading, and exclusive events.
- Token Buybacks: Huobi Global uses a portion of its profits to buy back and burn HT tokens, reducing the total supply and potentially increasing the value of each token.
- Community Governance: HT holders have voting rights in community decisions on the Huobi platform, such as adding new coins, implementing new features, and adjusting fee structures.
Overall, Huobi Token provides users with a range of benefits and incentives to use the Huobi Global exchange, while also promoting community participation and token value appreciation.
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