Huobi Token Huobi Token HT
Huobi Token Price (HT) $ 14.61 (USD) -1.29967%

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Huobi Token (HT) price graph

What is Huobi Token (HT) ?

Huobi, the third-largest cryptocurrency exchange in the world, recently announced and launched a new currency. The Huobi Token (HT) rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies. The hope was to bring greater value to Huobi’s millions of users, mostly located in Asian countries. The launch of the Huobi Token follows in the footsteps of other loyalty-building tokens that other exchanges have launched. The first and most successful of these tokens has been Binance Coin (BNB). The creation of BNB secured Binance’s place as the world’s leading exchange. It offered discounted trading fees in exchange for customer loyalty, primarily functioning as a loyalty rewards system. Huobi officially announced its intentions to launch a new token on January 22, 2018. Over the course of 15 days, Huobi would distribute 300 million HT (60% of the total supply) to its pro users who purchased a discounted service package. Each morning, a new batch of HT would become available on a first come, first served basis. Huobi declared this token distribution scheme, “not an ICO,” due to the nature of the offering. Users are buying a specific service package, part of which includes HT that give a discount toward trading fees. The exchange launched the Huobi Token as part of an overall strategy to recover its user base after tightening regulations in China severely restricted cryptocurrency trading. In an interview with CoinDesk, Leon Li, Huobi’s founder, revealed that Chinese rule changes had decimated the trading volume on Huobi by 95% between September 15 and November 1, 2017. The HT token distribution began on January 24 and wrapped up on February 7, 2018. Each day of the distribution, millions of tokens sold out in mere minutes after going on sale. At that point, 300 million HT had been distributed to Huobi Pro members who bought packages. That’s 60% of the total supply currently in public circulation. Another 200 million HT, 40% of the total supply, was set aside. 20% goes toward user rewards and platform operation. The other 20% is vested for four years and constitutes the team reward. Huobi isn’t the first exchange to issue its own token. Binance (BNB), Bibox (BIX), KuCoin (KCS) and Coss (COSS) have all issued their own tokens as well.

What is the current price of Huobi Token (HT) ?

The recent Huobi Token (HT) price today is $14.61 USD. We update our HT to USD on frequent basis. The current Huobi Token situation is down -1.29967% in last 24 hours. The current grepget rank is #65. Huobi Token has a circulating supply of 164,081,489.25441208 HT coins and a max supply of 500,000,000.0 HT coins.

Huobi Token
HT
Huobi Token
USD
USD
United state Dollar
Huobi Token Market Cap
Market Cap $2.4 billion USD
-1.10562%
Fully Diluted Market Cap $7.3 billion USD

Huobi Token Price Statistics

Huobi Token Price Today
Huobi Token Price $ 14.61USD
-1.29967%
Price Change 24h $-0.1924 USD
24h Low / 24h High $14USD / $15USD
Market Rank #65
Huobi Token Supply
Circulating Supply 164,081,489.25441208
Total Supply 500,000,000.0
Max Supply 500,000,000.0

Top 10 cryptocurrency ranking

#1 Bitcoin Bitcoin (BTC) $ 47,680.0
#2 Ethereum Ethereum (ETH) $ 3,550.18
#3 Cardano Cardano (ADA) $ 2.42
#4 Tether Tether (USDT) $ 1.0
#5 Binance Coin Binance Coin (BNB) $ 420.64
#6 XRP XRP (XRP) $ 1.08
#7 Solana Solana (SOL) $ 150.35
#8 Polkadot Polkadot (DOT) $ 34.68
#9 Dogecoin Dogecoin (DOGE) $ 0.238141
#10 USD Coin USD Coin (USDC) $ 1.0
Huobi Token 24hr exchanges
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