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Huobi Token (HT) is a cryptocurrency token issued by the Huobi Global exchange. This token is based on the Ethereum blockchain and is used to pay for transaction fees and access exclusive features on the Huobi exchange. HT also serves as a medium of exchange within the Huobi ecosystem, allowing users to purchase other digital assets.
Huobi Token was launched in January 2018, and has since become one of the most popular crypto tokens in the market. It is currently ranked in the top 15 cryptocurrencies by market capitalization.
The Huobi Token was created to incentivize users to use the Huobi Global exchange. By holding HT, users are able to receive discounts on trading fees, and access exclusive features such as Huobi Prime, a platform for launching new tokens. In addition, Huobi Token holders are able to participate in Huobi’s loyalty program, which rewards users with additional HT for holding the token.
The Huobi Token is an ERC-20 token, meaning it is built on the Ethereum blockchain. This makes it easy to store and transfer, and allows it to be traded on many different exchanges. Additionally, the Ethereum blockchain provides a secure and reliable platform for HT transactions.
Huobi Token has a total supply of 500 million tokens, with a current circulating supply of just over 140 million. The token is not mineable, and is not available for purchase on Huobi Global. Instead, users must purchase HT on other exchanges such as Binance, Bitfinex, and OKEx.
Overall, Huobi Token is a popular cryptocurrency token that has a wide range of uses on the Huobi Global exchange. It is a secure and reliable digital asset that can be used to pay for trading fees and access exclusive features on the Huobi platform. Additionally, HT holders can receive discounts on trading fees and participate in Huobi’s loyalty program.