Rank #625
ht Huobi
$ 0.3641
0.00%
0.05383 BTC
383 satoshies0.00%
Market Cap
58,05 MLN. $
24 Hour Trading Vol
25,599.5655 $
Circulating Supply
159,40 MLN.
Total Supply
201,05 MLN.
Max Supply
201,05 MLN.
Fully Diluted Valuation
73,12 MLN. $
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About Coin
Huobi, the third-largest cryptocurrency exchange in the world, recently announced and launched a new currency. The Huobi Token (HT) rewards exchange users for their loyalty with lowered transaction fees while also carrying its own value in tradable pairs against popular currencies. The hope was to bring greater value to Huobi’s millions of users, mostly located in Asian countries. The launch of the Huobi Token follows in the footsteps of other loyalty-building tokens that other exchanges have launched. The first and most successful of these tokens has been Binance Coin (BNB). The creation of BNB secured Binance’s place as the world’s leading exchange. It offered discounted trading fees in exchange for customer loyalty, primarily functioning as a loyalty rewards system.
Huobi officially announced its intentions to launch a new token on January 22, 2018. Over the course of 15 days, Huobi would distribute 300 million HT (60% of the total supply) to its pro users who purchased a discounted service package. Each morning, a new batch of HT would become available on a first come, first served basis. Huobi declared this token distribution scheme, “not an ICO,” due to the nature of the offering. Users are buying a specific service package, part of which includes HT that give a discount toward trading fees. The exchange launched the Huobi Token as part of an overall strategy to recover its user base after tightening regulations in China severely restricted cryptocurrency trading. In an interview with CoinDesk, Leon Li, Huobi’s founder, revealed that Chinese rule changes had decimated the trading volume on Huobi by 95% between September 15 and November 1, 2017.
The HT token distribution began on January 24 and wrapped up on February 7, 2018. Each day of the distribution, millions of tokens sold out in mere minutes after going on sale. At that point, 300 million HT had been distributed to Huobi Pro members who bought packages. That’s 60% of the total supply currently in public circulation. Another 200 million HT, 40% of the total supply, was set aside. 20% goes toward user rewards and platform operation. The other 20% is vested for four years and constitutes the team reward.
Huobi isn’t the first exchange to issue its own token. Binance (BNB), Bibox (BIX), KuCoin (KCS) and Coss (COSS) have all issued their own tokens as well.
Where is Huobi available for purchase?
You can exchange HT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Huobi is Gate.io, notably the HT/USDT pair, which saw a trading volume of $ 24,817 in the past day. Additionally, QMall and YoBit are popular alternatives for trading tokens.
What is the highest value Huobi (HT) has ever reached?
Huobi (HT) reached its peak price at 39.66 $ on 12 May 2021, approximately 4 years ago ago. Presently, the current price is -99.08% lower than this all-time high.
What is the historical minimum price for Huobi (HT)?
The minimum price reached for Huobi (HT) was 0.2079 $, documented on 23 June 2024, more than 10 months ago. In comparison, the current price is 75.16%, it above this historical low.
What is the fully diluted valuation of Huobi (HT)?
The fully diluted valuation (FDV) of Huobi (HT) stands at $ 73,12 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 201,050,000 HT tokens. The realization of this FDV might take several years depending on the emission schedule of HT tokens.
How to add Huobi (HT) to MetaMask?
By integrating Huobi (HT) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import HT as a token. You can either manually import HT by copying its contract address (0x6f259637dcd74c767781e37bc6133cd6a68aa161) or use MetaMask's Chrome extension to add HT with a single click through P.CASH.
How to add Huobi (HT) to TrustWallet?
Incorporating Huobi (HT) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include HT, you can either manually import it using the contract address (0x6f259637dcd74c767781e37bc6133cd6a68aa161) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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