Question 1

What's the current price of Huobi Token (HT)?

Accepted Answer

The current price of Huobi Token (HT) is XRP 0.10756777.

Question 2

What is Huobi Token (HT)?

Accepted Answer

Huobi Token (HT) is a loyalty-token issued by Huobi, the third-largest cryptocurrency exchange in the world. It was launched with the aim of providing added value to Huobi users, mainly located in Asian countries. Users were rewarded with HT tokens in exchange for their loyalty which translated to reduced transaction fees on the Huobi exchange. Each morning, a new batch of HT became available on a first come, first served basis. As such, users didn't just obtain HT via an Initial Coin Offering (ICO) but through purchasing a specific service package, part of which included HT tokens.

Question 3

Who created Huobi Token?

Accepted Answer

Huobi Token (HT) was created by Huobi, a cryptocurrency exchange that holds a significant spot in the world rankings in terms of trading volume. It was announced and launched as a strategy to regain its user base after stringent regulations in China severely restricted cryptocurrency trading, causing a drastic drop in trading volume on the Huobi exchange.

Question 4

How does the Huobi Token work?

Accepted Answer

Users received HT tokens as part of the exchange's initiative to reward loyalty. Each day a new batch of HT tokens became available for users to purchase as Huobi Pro members through discounted service packages. The token's main function is to offer a discount towards transaction fees on the exchange.

Question 5

What makes Huobi Token unique?

Accepted Answer

The creation and distribution method of Huobi Token is what sets it apart from many other cryptocurrencies. It's not just the average crypto token that users buy via an ICO, but a reward for loyalty in form of lower transaction fees on the Huobi exchange. Moreover, Huobi Token was an attempt to recover Huobi's user base after they experienced a 95% drop in trading volume due to regulatory changes in China.

Question 6

How many Huobi Tokens are in circulation?

Accepted Answer

60% of the total supply, amounting to 300 million HT tokens, had been distributed to Huobi Pro members who bought into the exchange's service packages as of February 7, 2018. The remaining 40% of the total supply (200 million HT) was set aside, with half going towards user rewards and platform operation, while the other half constitutes the team reward, locked for a vesting period of four years.

Question 7

Where can you buy Huobi Token (HT)?

Accepted Answer

Huobi Token (HT) can be purchased on the following exchanges: YoBit, LBank, Poloniex.

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