Huobi Token (HT)
- Category: Central Exchange Token
- Coin Launched: January, 2018
- Resources: White Paper
- Official Website: Huobi Token
- Reddit: Huobi Token
HUOBI TOKEN History / Information / Buying / Staking
HUOBI TOKEN HISTORY
Huobi was founded in 2013 and has since built one of the largest crypto exchanges in the world. They launched their own native token at the start of 2018.
HOW HUOBI TOKEN WORKS
The Huobi Token is an Ethereum-based digital asset issued by Houbi Group, operator of the Huobi cryptocurrency exchange. The cryptocurrency can be used to vote on exchange decisions, receive crypto rewards and trade with other cryptocurrencies listed on the Huobi exchange.
BENEFITS OF USING HUOBI TOKEN
Some of the benefits of using Huobi Token are:
SAVING USERS FUND
The platform allows users with VIP statuses to enjoy a series of discounts while trading the token. Users can also use the tokens to purchase different levels of VIP statuses. This way, investors and traders can save a portion of their funds through commissions offered to them.
INSURANCE AGAIST FINANCIAL LOSSES
The platform uses the token to facilitate a protection program for investors. When users experience financial losses or fall victim to manipulative schemes, the platform apportions tokens to the investor protection fund to insure them against these unfortunate circumstances while compensating them.
PROVIDING VOTING RIGHTS
Users who hold and use the Huobi Token have exclusive voting rights on the platform. Holders can impact changes on the platform and make influences on the exchange decisions as well asset listing decisions. Asset-creating projects can as well benefit from the influence of holding the token as it gives them chances to have their assets listed on the Huobi exchange. Moreso, holders also enjoy rewards of Huobi tokens after listing new assets on the exchange. Sometimes they also receive wallet bonuses.
SIMPLE TRADING EXPERIENCES
The platform in its exclusive and efficient services it offers to the public makes transactions easy for users. Users do not need to perform complicated activities to trade assets or exchange the token for other assets on the platform. Thus, Huobi is creating a convenient trading experience for users.
CAN YOU STAKE HUOBI TOKEN
Huobi Wallet provides staking service for PoS coins to prevent coins depreciation from inflation. Huobi Wallet offers a stable and safe coin-based return to investors.
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