Huobi Pro Exchange has developed Huobi Token HT to offer lower transaction rates to all of its user in contrast to other exchanges. It is the same as Binance; but only VIP subscribers to Huobi platform will get the lowest transaction fee of 0.01%. Whereas other users are charged 0.02% per transaction.
There are strictly fixed number of coins will be distributed over 500 million. But all coins will never be sold but only given as gifts in reward of purchasing point cards. Huobi Pro will purchase the released token back after every quarter with 20% of its income.
Huobi has a specific team for each region whereas following are the leaders showing the path to all team of different regions:
Huobi token (HT) is a point system of Huobi Pro which is natively running on the Ethereum blockchain platform. It is using ERC 20. ERC-20 is a standard of implementing tokens for smart contracts on Ethereum blockchain. The user can get HT only in reward of purchasing Point Cards.
- Users get VIP discounts while using HT token for transactions
- They provide liquidity protection for subscribers
- The coin can be traded against three most famous coins: USDT, BTC, and ETH
- Limited supply keeps the willing group of people away
- Transaction fee discount is only for VIP subscribers
There is no formal whitepaper is shared on the website but other detail about the project and token can be found on the website.
Huobi Token (HT) can be used to get VIP discount on the Huobi exchange. VIP discount will be given in form of the lower transaction fee. Whereas all users will be secured by Huobi Investor Protection Fund (HIPF). This fund will be used to compensate investors losses and cover risks whenever a risk affects the platform.
The overall token is much stable and has inflation control already on the table. Buyback token policy is really profitable but with limited within the specific time of period.
Token will be used on Huobi exchange which was developed to invest in other potential tokens regardless of being listed with a value. It is using the latest standard which makes it more reliable to use for transactions. Even being compared to Binance it has more than low fee differences.
Following are the main investors of Huobi Token:
There is no official roadmap published but the Leon Li, the founder, and CEO of Huobi Group, has made an announcement through the online post at the end of 2017 about their goals for 2018:
- The launch of two exchanges to support KRW and JPY, Huobi Korea and Huobi Japan;
- New operation centers in Europe, Canada, and Australia; and
- The opening of Huobi Labs in Silicon Valley, Tokyo, Seoul, Singapore, Switzerland’s Crypto Valley and other global financial centers.“
Experts suggestions are to keep monitoring Huobi token as there is a lot to come in future. The token is undervalued with respect to market cap whereas the Huobi exchange is one of top 10 best cryptocurrency exchanges.
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