Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. 



<p>Huobi Token is a relatively young project. It first launched in January 2018. However, Huobi built a flexible marketing strategy in order to attract new users and further grow its platform. It transformed into a leading global player in the provision of financial services in the field of digital assets.</p><h2>Functions of Huobi Token (HT).</h2><p>The major functions of Huobi Token (HT) are as follows:&nbsp;</p><ol><li>Reduce commissions for trading operations on the exchange, which are usually paid from users' wallets.&nbsp;</li><li>Providing users the benefit of purchasing monthly VIP-status plans to receive discounts on transaction fees.&nbsp;</li><li>Right to vote on exchange decisions</li><li>Receive crypto rewards for seasonal buyback</li><li>Get early access to special events.&nbsp;</li><li>Offering HT holders the advantage to trade the token for other cryptocurrencies at any point.</li></ol><h3>Who Are the Founders of Huobi Token?</h3><ol><li>Leon Li, a graduate from Tsinghua University (Department of Automation), is the founder and CEO of Huobi Group.&nbsp;</li><li>Jun Du is Huobi’s co-founder with a former role of community operations director at Comsenz and worked at Tencent.&nbsp;</li></ol><h3>What Makes Huobi Token (HT) Unique?</h3><p>The Huobi Token is unique because of its functions. It has two main functions which are as follows:&nbsp;</p><p>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).</p><p>To fulfill 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.</p><h3>How is the Huobi Token Network Secured?</h3><p>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.</p><p>Since 2018, the platform has used an asset protection system called the Security Reservation Mechanism. In parallel, Huobi also launched its Investor Protection Fund in January of that year. Thanks to these measures, HT holders are insured against financial losses that may arise as a result of fraudulent activities or other risks associated with cryptocurrency trading.</p>

Huobi Token

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Huobi Token (HT) 30 Days Historical Price Data

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