Huobi Token Price

(HT)
USD($)

Huobi Token(HT) Info

46
BBB
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Website
huobi.pro
Documentation
tokeninsight.com
Explorer
etherscan.iotrivial.co
Contract
Ethereum 0x6f2596...161
Audited By
callisto
Code & Community
Investors
--
‎$ 4.9
‎$ 5.71
‎$ 39.81
-0.13%
+8.23%
+9.73%
$ 908.70M 
$ 103834 
155,673,013
500,000,000

About HT

What is Huobi Token (HT)?

The Huobi Token (HT) is an ERC-20 token developed on the Ethereum blockchain by cryptocurrency exchange Huobi Global. Short for Huobi Global Ecological Token, the decentralized digital asset HT is used within the Huobi platform and has multiple applications within the overall Huobi ecosystem.

The HT token has a limited total supply of 500 million and is offered as a reward to users of the Huobi platform. It is a digital asset based on Ethereum that functions and powers Huobi's loyalty point system.

Huobi Token holders who use the crypto exchange receive special discounts and access to exclusive events and can even contribute their thoughts on some proposals. In addition, the native digital asset is also used for independent promotions taking place on the Huobi exchange.

As one of the top centralized crypto exchanges in the world, Huobi’s backing for the HT token has helped it feature among the top 50 cryptocurrencies by market cap. Huobi Global Exchange offers its customers an opportunity for higher engagement with the brand using the HT token.

History of Huobi and HT Token

The Huobi Group, the company behind the development of the Huobi crypto exchange, was established in 2013. The exchange started operations in April 2014, making it one of the world’s oldest and most established leading cryptocurrency exchanges.

The Huobi Token was launched in 2018 as the ecosystem token. Following this development, the company launched Huobi Prime in March 2019 as a coin launch platform modeled along Binance’s launchpad.

Known as a Direct Premium Offering (DPO) platform, this service gives access to tokens of new projects listed for Huobi users. These tokens are readily available for trading against HT even before pre-sales rounds or other events.

What are the Benefits of Huobi Token (HT)?

The Huobi Token (HT) has several use cases, some of which are listed below:

Special Offers in Huobi Exchange

HT token holders and exchange users receive special rebates or VIP discounts when using the platform to trade crypto assets. In addition, they enjoy early access to exclusive Initial Exchange Offering (IEO) events.

Huobi users who hold HT cryptocurrency receive crypto rewards of sub-tokens, over-the-counter (OTC) legal service, and access to an ecological trading zone.

Use Within Huobi Ecosystem

The HT token can also be deposited to avail of several other benefits, including access to Huobi Cloud, Huobi NEXT Voting, a listing of project teams, endorsers, and more.

The HT token also serves as a mode of payment to community service providers, incubators, top 10 mining pools on the Huobi platform, and more.

Crypto Asset to Trade and HODL

Users can also buy or sell HT crypto, trading it against other digital assets. You can also invest in the Huobi Token and hold it long-term if you believe in the potential of the Huobi project. Check Huobi Token's price, HT market cap, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on HT price action before placing a new trade in the market.

Earn Passive Income

In addition to receiving rewards for holding HT whenever Huobi buys back tokens from the market, you can also grow your crypto holdings by investing in HT. Use the Huobi Earn feature to earn attractive APYs and increase your HT holdings.

How to Buy Huobi Token (HT)

As one of the more significant digital assets by market cap, Huobi Token (HT) is listed on several top crypto exchanges, including KuCoin. Follow these steps to buy HT on KuCoin conveniently and quickly:

1. Register for a KuCoin Account

Start your account on KuCoin if you are a new user on our platform. Do complete your KYC verification procedure after logging in to your account. This will give you access to all our services.

2. Add Crypto Funds to Your Trading Account

It’s time to convert your trading capital from fiat currency into cryptocurrency with the KuCoin Fast Trade feature. Pick from over 70 payment methods, including Visa, Mastercard, PayPal, and SEPA, to buy crypto.

You can also fund your trading account with crypto using the KuCoin P2P service or through direct interaction with third-party sellers on our platform.

3. Buy HT on KuCoin With Existing Crypto Holdings

KuCoin lets you buy Huobi Token and other cryptocurrencies using your existing cryptocurrency holdings. Transfer them from your external wallet into your KuCoin trading account to start.

4. Trade HT/USDT on KuCoin Spot Trading

Visit the KuCoin Spot Trading section to find the HT/USDT crypto pair. Review the latest Huobi Token price, HT market cap, 24-hour trading volume, and news before you trade HT crypto.

Enter the number of USDT you want to exchange for HT and check the number of HT tokens you can receive and the trading fees you will be charged. After verifying all details, click on ‘Buy’ to proceed with the transaction.

5. Store HT Securely

A few minutes after successfully executing your Buy order, your KuCoin trading account will be funded with the new HT tokens you have purchased. You can continue to hold them on KuCoin or withdraw them to your external wallet for more security.

FAQ

Is Huobi Token (HT) a Good Investment?

As the digital asset of one of the biggest cryptocurrency exchanges worldwide, the Huobi Token enjoys much interest among investors. With high trading volume and liquidity, there are many reasons why HT could be considered an attractive investment to include in your portfolio.

As the level of activity on the Huobi exchange and overall ecosystem rise in the future, its native token could become even more valuable. Innovation in implementing more use cases and adding new crypto assets to the platform would further push the Huobi Token price higher and make it a good investment.

As the Huobi ecosystem evolves in the future, the company could find more applications for its HT token. Any digital asset with high versatility backed by a solid reputation could be considered a worthwhile crypto investment.

A bullish mood among crypto investors is one of the main drivers of an uptrend in the Huobi Token price. An upbeat attitude towards cryptocurrencies could increase the trading activity on the Huobi platform, encouraging more users to sign up for its services, and making its HT token even more valuable.

How Does Huobi Token Work?

Huobi developed the HT crypto with a limited total supply of 500 million at launch. Of these:

100 million tokens were kept aside for user rewards and platform operation,

100 million were reserved as team incentives with a four-year vesting schedule with 25 million getting unlocked each year, and

300 million HT tokens were given away for free as add-on benefits for customers buying “point cards.”

Huobi plans to use 20% of revenues earned through Huobi Contract to buy back HT crypto from the market and burn the tokens. Such a move will increase the value of the remaining circulating supply of the cryptocurrency, supporting the Huobi Token price.

In addition, the crypto exchange will also use 20% of the revenue earned from Huobi Global for the same purpose. The funds will be used to repurchase and destroy HT tokens from the market.

How Do Huobi Token Buybacks Work?

Huobi conducts regular token buybacks from the market, effectively reducing the circulating supply of the Huobi Token and increasing the HT token price by destroying these tokens. Since its launch, the Huobi Group has conducted these events quarterly, utilizing 20% of revenues earned from Houbi Contract and Huobi Global to repurchase and destroy its native cryptocurrency.

The company publishes reports on the buyback program detailing the breakdown of the exercise. To improve transparency in its operations, these quarterly buyback reports contain information on the HT crypto’s latest circulating supply, the number of tokens locked and the applications where they are locked in, and a summary of its various use cases.

HT token holders receive proportionate sub-token rewards after each of the seasonal buybacks is concluded. The process allows the exchange to drive higher engagement within its community of token holders while helping it increase the value of its ecosystem token in the market.

How High Will Huobi Token Go?

It is impossible to offer an accurate HT price prediction over any duration; however, the strong fundamentals backing Huobi Token offer some clues on future highs. As of July 2022, the HT token price is well below its all-time high of above $39.

The Huobi Token price could head towards its ATH, reclaiming and potentially breaking this level to form new highs when the market sentiment towards digital assets turns strongly positive. As the native token of a crypto exchange, the HT crypto is especially sensitive to the mood in the market.

A positive mood will drive higher trading activity on the platform, earning the exchange higher revenues, which would push up the value of the Huobi Token. In addition to investor sentiment, the HT price could also be helped higher amid the development of new products and offerings within the Huobi ecosystem that would use the HT crypto.

HT Price Analysis

Live Price

The live price of HT is 5.55 USD, representing an increase of +9.73% in the past 7 days and +8.23% increase in the past 24 hours.

Historical Trend

The all-time high of HT was 39.81 USD on 05-12, 2021, from which the coin is now down -86.05%.
The all-time low of HT was 0.8903 USD, from which the coin is now up 83.97%.
$ 0.8903
$ 39.81
Want to get the latest price of HT? Head to the KuCoin Exchange for 24/7 live updates of HT/USD prices and the ability to buy/sell crypto quickly.