Huobi Token HT Price 0.15972391

The trading volume in 24 hours was 4,301,528USD. The asset grew by -15.72% over the course of the day. The Huobi token has a market cap of 128 million dollars and has 0 coins in circulation. Huobi will use 20% of the exchange's revenue each quarter to buy HT on the open market and burn it. They burn Huobi token for voting on token listings, as well as for selling tickets from Huobi Prime Initial Exchange Offers. They launched their own token. The Huobi token is distributed through the exchange of "point cards", which are pre-paid cards for basic services on Huobi, where 1 point is equivalent to one Tether. Users can get discounts on both trading and margin fees based on a multi-level system. Huobi Prime is based on how much Huobi has been held in the last 30 days. Professional users can get additional discounts if they own more than 5,000 HT and the equivalent of 1,000 BTC at a 30-day trading volume. The commission rate is deducted from those who own more than 100,000 HT. They were designed to allow retail investors to invest in initial sales, limiting the purchase of token to the equivalent of $1,000 for early investors. Once the token sale is over, they will be exchanged for HT on the exchange. Large discounts are usually provided in the earlier rounds of placement on Huobi Prime. The trading quota is based on a tiered ownership system. Five projects are announced each month, after which the community votes to list on the Huobi exchange. The project with the highest number of votes will be listed. The users who voted for the winning project have the right to buy token at a discount. Huobi launched its token by distributing 60% of the token to users. Users who paid for the exchange received token, which is similar to a token sale.