Huobi Token (HT) current price is $1.530 with a marketcap of $344.88 M. Its price is -1.67% down in last 24 hours.
- Huobi Token (HT)
- Live Price $1.530
24h % -1.67%
- Market Cap$344.88 M
- Volume$6.85 M
- Available Supply222.53 M HT
More Info About Coin
What is Huobi Token?
Huobi is one of the leading digitized asset exchange and other financial services platform. It trades more than a hundred digital assets. Specifically, it is the third largest cryptocurrency market in the world. However, it has immense potential for growth. It rewards its users for their fidelity with a small transaction fee as it carries out its own value in some tradable pairs against widespread currencies.
Huobi plans to use the law of liquidity buybacks; that is, using the earnings from transaction fees to buy back the tokens. This enhances liquidity in trading while discouraging the hoarding business. The tip is also meant to replenish HUPF (Huobi User Protection Fund) for the sake of protection against fraud and manipulative trade activities.
History of the coin
Huobi is a Singapore-based crypto company. It was founded in China. Currently, the company has pitched its tents in various countries like Hong Kong, Japan, the United States, and Korea. It was founded in 2013 in China. After the 2017 ban of Bitcoins by the government, it diverged its Bitcoin local withdrawals to ‘Huobi Pro’ in overseas countries.
Huobi Token was re-introduced afresh to the traders on 3rd February 2018. It was introduced as Ethereum token. At the inception stage, Huobi would dispense 300 million HT to its initial users who happened to have purchased the discounted service package. This was equal to 60% of the total supply.
The discount was offered within the first fifteen days. Going forward, Huobi adopted a means that distributed the batch at a profit based on ‘first come, first served.’ However, HT has continued to offer peculiar discounts with each new dawn. Today, the benefits continue to bulge.
The company was founded in 2013 by Leon Li. It was later owned by the Huobi group. After the 2017 ban, the company picked up December 2017 under Japanese affiliates and partners. It extends its hands of ownership as at August 2018 to various SBI groups in every country that benefits form their services with the majority being Japanese-based.
Features of the coin
The Huobi Token has been braced with a number of lucrative features. Huobi tokens can only be bought by use of special cards known as ‘point’s cards’. Investors use these cards to buy HT alongside five other levels whose costs range from 120HTs TO AROUND 12,000HTs per month. These are VIP status levels.
Another interesting feature lies in transaction fee discount of up to 50% among clients regularly trading with huge volumes of cryptocurrencies. HT investors can also grab the opportunity cornucopia of Airdrops from various cryptocurrencies and ICOs. You do not have to disturb by the security issue surrounding crypto markets when you are in Huobi Token. It is featured with an impregnable encryption code.
Huobi Token understands the shaky waves that surround the crypto market. It is for this reason that it seeks to tighten its walls while improving the services of the present and future clients.
Having been introduced as an Ethereum early 2018, the company has the potential to escalate to higher heights. Unlike most of the cryptocurrencies, HT did not have the ICO phase and thus clients are expected to make use of the ‘point cards’.
By all means, HT is a safe basket to place your investment eggs as it is updated every three minutes. The token was equal to 1.614 USD as at 24th October 2018. A long-term increase is predicted. In a span of five years, the company predicts the revenue increment of 139.9% plus. Thus, your $1000 investment is expected to plow back $2399 by 20123!
Getting started with Huobi
Getting started with Huobi is a walk in the park. You will simply register using your email ID and input a password. However, some higher withdrawal, you will be obliged to submit the documents for KYC, which guarantees both parties an amount of security. The reason for HTs existence lies in the provision of trading support to more than 130 countries.
It is apparent that the Huobi Token is a safe place to be when it comes to currency and assets trade. The company excites itself in presenting exciting opportunities to traders of both low and high volume and high-frequency operations. This lowers the overall expenses incurred by the investors. So far, the token has seen a gradual growth and steady adoption, which is expected to expand exponentially.
Pros & Cons
|Token for one of the biggest crypto exchanges||none|
|50% discount on fees|
|Airdrops to its users|
BCrypto Investment Tip
Huobi token is an exchange token which is always nice if an exchange has its own token. In this case Huobi is one of the top cryptocurrency exchanges and it's certain it will stay at the top for a very long time. The price of the Huobi token grows as the exchange grows, once more and more people will get involved in crypto this exchange will grow with the market and so is its token. That's why I think exchange tokens are a safe long term investments.