Huobi Token
The Huobi Token is the Huobi Global crypto exchange's native currency. The HT token powers and builds the ecosystem of Huobi Global, with the Huobi Pro exchange being the foundation of the Huobi Global ecosystem. Huobi Token is ERC-20 compliant and is traded on the Binance exchange. Huobi Token's intrinsic value is determined by the value created by the Huobi Pro exchange, and its circulation and purchasing power depends on the level of user adoption of the Huobi Pro exchange, Huobi Global, and Huobi Token, the limited time time and free trading period of which both depend on the number of Huobi tokens that have been purchased from the Huobi Global wallet.
Huobi Global
Huobi Global is a financial service company founded in 2013 by Leon Li, Joe Zhou, Justin Wu and Wei Chen. Huobi Group, a leading provider of online and offline financial services, is Huobi's parent company. On the one hand, Huobi Global provides Huobi Group with a convenient and safe way of doing business. On the other hand, Huobi Global provides its parent company with a strong portfolio of financial services. The first of which is the Huobi Global exchange. On top of a mature digital asset trading market, Huobi Global is the only exchange in the world with the world's largest wallet share. Huobi Global currently has over 30 million daily trading volume.
Huobi Token
Huobi Token is basically an ERC20 compatible coin that will be used as a method to buy and sell cryptocurrencies on the Huobi exchange. HT can also be bought and sold on several other exchanges around the world. The coin can be used as a currency that will allow users to earn rewards and payments on the Huobi exchange platform. The Huobi Token is also used for Huobi internal trading and is an alternate currency that will be used to transact within the Huobi ecosystem. The coin will also be used as the first currency to purchase advertising on the platform. Huobi plans to use HT to reward content creators and community members for driving traffic to the website and sharing their content.
Huobi Token Usage
Huobi Token aims to bring financial inclusion for all. It can be used as a primary currency in applications such as lending, payments, etc. It also serves as an alternative to fiat currencies and as a supplement to cryptocurrencies. For instance, Huobi Token users can use it as a payment method to purchase item through the Huobi Pro marketplace or trade Huobi Token and cryptocurrencies through Huobi pro/btc. Huobi Global Blockchain Lab will also provide blockchain education and training for Huobi users and service partners. The Huobi Global Blockchain Lab operates a professional blockchain development environment. It provides a set of development tools and support for blockchain developers to build a blockchain system.
Huobi Token Values
Huobi Token (HT) is an ERC-20 token. It is one of the few popular ERC-20 tokens that received more than 20 million coins on the exchange on the first day of presale. The total supply is planned to be 5.1 billion tokens and the price is set to US$ 0.025. In May, it reached a record high price of US$ 0.065. A Beginner’s Guide To Huobi Token As far as the technical aspects of the token are concerned, the Huobi Token (HT) is traded on the Huobi Global exchange and Huobi Wallet, which has been updated for mobile devices. Huobi Wallet users can use the Huobi Token (HT) to exchange the tokens to BTC, ETH, DGD, SGD and other popular cryptocurrencies. We decided to compare the Huobi Token (HT) to other popular cryptocurrency tokens.
Huobi Token Economic Model
There are two types of economic models for Huobi Token, developer license and computing power auction model. Huobi Developer License model Huobi Developer License allows any developer to use the open source code of Huobi to build a blockchain application and compete for business on the Huobi exchange. In this model, developers can compete for business with other blockchain startups, and the developer with the most successful business will be awarded Huobi Token by Huobi. The most successful blockchain startups will then build a more centralized product by using the Huobi infrastructure to launch an exchange business which will compete with Huobi in the competition for the market share of the platform in the future.
Huobi Token Timeline
Launched: March 2018 Started from: Huobi One (0.8+ million active users) Traded on: Huobi Exchange (100+ billion daily trade volume) Total Trading Volume: 35+ billion RMB Current Market Cap: Approximately 70+ billion RMB Huobi Token Price History Huobi Token Price in USD (USD = CNY = 13.99) Market Cap (unofficial): 53 billion RMB Huobi Token Value in USD Market Cap (unofficial): 49 billion USD Current Price: 2.77 USD ( 1USD = 6.98 CNY) Huobi Token Market Cap Market Cap (unofficial): 70 billion USD Huobi Token Trading Activity The Huobi Token can be traded on several exchanges including Bibox, Binance and Liqui. Here are the current trading prices and daily trading volumes for Huobi Token: Huobi Token Daily Trading Volume (Number of Tokens Traded): 21.
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