Huobi Token

24hr

Low:$4.63

High:$5.26

Huobi Token (HT) is the currency of the Huobi Global exchange. The exchange was founded in China in 2013, but later moved its operations to the Seychelles for a friendlier crypto and financial system. It has become a popular choice among those who want to enter the new world of crypto that allows users to invest in services through trading and initial coin offerings (ICO). Huobi followed Binance’s lead by releasing an exchange token in 2018 that streamlines the platform’s governance, rewards, and access to special events.

How to buy Huobi Token (HT)

If you are wondering how to buy Huobi Token (HT), you can buy it through Huobi exchange or other popular exchanges such as Gate.io, FTX and AAX. Here you will find different trading pairs and trading options. If you want to buy HT using fiat currency, you will need to create an account with a crypto exchange that lists it. Alternatively, you can trade HT for various crypto assets in the HECO Chain environment using MetaMask or other fast wallets.

Principle of operation of Huobi tokens

To get Huobi Points, you need to buy a “Point Card” from Huobi. Another way to get them is to become a member of the Huobi Knights recruitment program. Typically, these tokens are awarded as rewards to new users and existing members. Tokens can be exchanged for Bitcoin, Ethereum and USDT

Their main hook is the huge amount of money users get when they buy and sell on the Huobi exchange. To enjoy these discounts, it is allowed to purchase a VIP membership plan in exchange for VIP tickets available at different levels:

VIP 1 (120 impressions / month): 10% discount on sales. VIP 2 (600 impressions / month): 20% business discount.
VIP 3 (1,200 tokens/month): 30% business discount. VIP 4 (6,000 impressions / month): 40% discount.
VIP 5 (12,000 impressions / month): 50% discount.

As you can see, the higher the VIP package, the more money you earn. Other than that, owning Huobi Tokens gives you access to special events, e.g. You are among the first to receive airdrops of recently listed icons on the exchange. In addition, you can vote and support coins and tokens that you would like to be listed on the Huobi Autonomous Digital Asset Exchange (HADAX).

Remember that holding Huobi Tokens gives you access to the Huobi Air Pool Tokens. Every day, the Huobi team analyzes the blockchain of Huobi Token, and provides users with Huobi tokens in full. As long as your tokens are stored in the Huobi Exchange wallet, you are guaranteed to wake up every day and receive a new display of Huobi Pool tokens via airdrop.

Advantages of Huobi Token

Huobi Token offers many benefits to users. Many of these benefits are known to other tokens from exchanges, such as BNB. However, others are unique to the HT and are designed to deliver maximum liquidity, demand and value in the long run.

These advantages make the HT look good on paper, and the HT’s price point supports that argument. It has doubled in value since its launch earlier this year.

Redemption

From time to time, Huobi will use venture capital to raise funds to redeem the Huobi brand. The purpose of redemption this time is twofold. First, it supports the market capitalization and price of HT and discourages inflation. Second, the redemption replenishes Huobi’s User Savings Account and HT. Huobi manages the Security Fund to protect against fraudulent or fraudulent business practices and to compensate for losses in the event of an emergency.

Discounts on business expenses

Users can use HT to purchase different levels of VIP on Huobi Exchange. The VIP level works on a subscription basis, with users paying monthly. The highest of these levels offers a 50% discount on transaction fees. This discount level is similar to Binance’s discount program. However, unlike Binance, there is no time limit for VIP status to expire. As long as you continue to be a VIP member every month, you can keep the 50% discount for years.

Voting and voting rights

One often overlooked but potentially important benefit of HT ownership is the right to vote on exchange decisions, including new assets to list on the exchange. At first, this seems like a democratic way to solve the question of priorities. Follow his thoughts and logical conclusions, however, you understand that assets that want to list on Huobi will buy a lot of HT and vote for themselves. The services with the most money and the purchase of HT will be listed in another situation that can be paid for games. For an investor watching, however, such a situation may end up being more demanding for the indicator, driving the price.

Early access to the program

Early access is a rare advantage, but it can be very valuable. Under the VIP subscription service, users can receive goods that will be sold on Huobi or during special events. In some ways, the VIP access system is similar to the pay-to-play mode and is rightly suspect. However, it is difficult to say exactly what benefits VIP subscribers have received to date, as these events and their early access are confidential. Whether this is sketchy or above board is still debatable.

Tradable against popular currencies

Huobi supports trading methods for Tether, Ethereum, and Bitcoin right out of the box. One of the benefits of being an exchange created cryptocurrency is the direct listing on the exchange. On the day Huobi Token completed its token generation program, it registered with Huobi.

You can’t use Huobi or buy VIP packages, but you can still buy Huobi tokens to generate future profits.