Best year which had the highest increase in Huobi Token price was 2021, as price surged from $4.37 to $39.70. On the other hand, 2024 was the worst year for Huobi Token as its price plunged from $2.61 to $0.533. HT is a component of the Huobi Eco Chain, which hosts DeFi apps such as decentralised lending and borrowing platforms. https://cryptolisting.org/ It aims to improve the Huobi Exchange user experience by offering opportunities to access new cryptocurrencies, save money on trading fees, and vote on platform decisions. Exchange users may immediately benefit from how effectively the platform performs over time using HT, which is an ERC-20 token on the Ethereum network.
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- In other words, the exchange has set up a fund from which it would draw money to replace any losses suffered by traders and investors due to bad actors, system failure, etc.
- In addition, 98% of the currency is stored in a multisig cold wallet.
- ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
- The token is also widely used in over-the-counter (OTC) trading and corporate payments.
- Li began his career as a computer engineer at Oracle, the world’s largest database provider.
- Thus, if you had invested $100 during the ICO, it would currently be valued at only $42.38.
Prior to his role at Huobi, he was a community operations director at Comsenz and worked at Tencent. Lastly, he has co-founded companies that include AToken and Chainup. One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users’ wallets. 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.
Where can you buy Huobi?
Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. Compared to other crypto coins which started the same year as Huobi Token it has below-average trading volume, average volume for the other 829 coins started in 2018 is $10M while HT has $1M. The Huobi Token is a special token used to pay for fees and utilities on the Huobi exchange platform. Using the Huobi Token enables key features on the Huobi platform, such as the purchasing of VIP levels which enables users to save up to 50% in transactions fees.
What Is Huobi Token (HT)?
The live Huobi price today is $0.62 USD with a 24-hour trading volume of $7.89K USD. The table above accurately updates our HT price in real time. The price of HT is up 1.3% since last hour, up 5.19% since yesterday.
The Huobi ecosystem uses a distributed architecture and anti-DDoS protection system to bolster security. In addition, 98% of the currency is stored in a multisig cold wallet. The exchange also uses a risk control system dubbed “Don’t Be Evil” to ensure the safety of users’ accounts and assets. After its launch, 60% (300 million coins) were allocated among the users of the exchange and the company kept aside 40% (200 million coins) in reserve. ⚠ Trading cryptocurrencies involves risk, and may not be suitable for all investors.
To begin with, Huobi distributed HT tokens directly to VIP users and regular traders could buy a package of services with a certain amount of tokens. As distinct from an ICO, this method of distributing coins is called an initial exchange offering (IEO). Having graduated from Tsinghua University (Department of Automation), he became a proponent of Bitcoin in 2011. Li began his career as a computer engineer at Oracle, the world’s largest database provider.
Stock investing requires careful analysis of financial data to find out the company’s true net worth. This is generally done by examining the company’s profit and loss account, balance sheet and cash flow statement. Read about renBTC (RENBTC) and Wrapped Bitcoin (WBTC) — other Bitcoin-pegged tokens on the Ethereum network. The lowest recorded price for one HT in our database is $0.586, and this occurred in April 2024, which is approximately 3 days ago. For the last 30 days, more than 1,566 HT transactions have been made, on average daily 52.20 completed transactions.
HT holders can, at any point, trade the token for other cryptocurrencies. Huobi (HT) currently ranks 456 among all known cryptocurrency assets. Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of Huobi Token (HT) will multiply by x2,x10, etc how much market cap it will have, and how zcash price prediction 2020 2025 it will compare then to the same coins. Furthermore, the tokens purchased by the exchange go to an investor protection fund to compensate for any financial losses. In other words, the exchange has set up a fund from which it would draw money to replace any losses suffered by traders and investors due to bad actors, system failure, etc.
After the token’s launch on Jan 31, 2018, on the Ethereum platform, over 48,311 wallets have acquired HT, with a recorded total of 634,954 successful token transactions to date. There are 500 million HT tokens in total, with 100 million reserved for user incentives and platform operations. A total of 100 million tokens were set aside as incentives for the Huobi team, and 300 million were for users to purchase reward cards. Huobi launched HT by distributing 60% of the tokens to customers who bought prepaid services on the site. While not officially a token sale, it resembled one, as customers who paid the exchange received tokens. The remaining 40% of tokens went to paying for operations, team incentives, and user rewards.
The Huobi Token price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. HT provides Huobi users with a few unique benefits, but it is primarily a means of running Huobi’s centralised exchange smoothly. HT was a means for Huobi to compete with Binance and its native BNB token. HT intends to serve as a common mode of payment across the Huobi ecosystem. The token is also widely used in over-the-counter (OTC) trading and corporate payments.
HBTC has a higher transaction speed and lower handling fees. Service fees are negligible thanks to two-way exchange support. Furthermore, all transaction details are publicly available, and in reserve pools, users can check the number of issued tokens. The third resistance level is located even higher at $2.71. These levels signal potential points where it might hit resistance or increase of value.
Adding Huobi (HT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. First, the Huobi exchange uses HT for its loyalty program that rewards members with a range of discounts. The company has also decided to use HT tokens to confer voting rights on users of the Huobi Autonomous Digital Asset Exchange (HADAX).
Huobi Token ICO successfully finished, ICO sale started in Jan 2018 and have raised $300,000,000, sale finished on 28 Feb 2018, Huobi Token ICO price was 1.52. Huobi Token currently sits below all exponential moving averages. To find out more, read our dedicated guide on how to buy cryptocurrencies in general. To fulfil 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.
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