Huobi Token (HT)
| Market Cap | $819,251,216 |
|---|---|
| Trading Volume | $13,250,237 |
| Volume / Market Cap | 0.0162 |
| Total Supply | 500,000,000 HT |
| Max Supply | 500,000,000 HT |
Huobi Token is currently trading at $5.0495, after a price change of 3.11% in the last 24 hours.
Ranked as cryptocurrency #50 by capitalization today, HT market cap is valued at $819,251,216. HT trading volume reached $13,250,237 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on HT coin price prediction page.
What is Huobi Token?
Huobi Token is the native digital asset powering cryptocurrency exchange Huobi Global. The token is based on the Ethereum blockchain and is ERC-20 standardized. HT is used for paying transaction fees, obtaining margin discounts, and in certain trading events. The token also acts as a governance asset, where holders get a chance to vote on the decisions of the protocol. HT is at the center of Huobi Eco Chain, an exchange-based blockchain that powers decentralized applications.
The Huobi network is secured with a distributed architecture and anti-DDOS protection. A large portion of the HT tokens is stored in a multisig cold wallet. The other security feature is a protection system called the Security Reservation mechanism. Besides the features, the exchange has established an investor protection fund that insures against losses.
There are 156,741,729.25 circulating HT tokens from a total supply of 500 million and a matching hard cap. HT acts as a deflationary coin. The exchange has committed to using 20% of the revenue generated from contract fees to repurchase and burn HT coins, stabilizing the price as a result.
Huobi Token was introduced in 2018 by the Huobi exchange. Leon Li and Jun Du are the co-founders of Huobi Global.