Today: 2021-10-26 Disclaimer: This is not a financial advice

Is it a Good Time to Buy Huobi Token Right Now?

Current Price
$10.07
All Time High: $39.66

Huobi Token is down -74.60972% from its highest price on 2021-05-12.

4/5
Avarage Daily Volume: $124,139,194.00

Huobi Token has a daily trading volume of $124,139,194.00 which it will make it super easy for you to sell your holdings of Huobi Token

Community

Huobi Token has 744268 total followers in all its social media accounts.

5/5
Exchanges

Huobi Token is listed on 96 exchanges

5/5
Price Potential

Huobi Token price value has the potential to increase to $329.65 in the next crypto bull run.
Which may take up to 5 years from now.

Overall Score

Our algorithm believes it's An Excellent time to invest in Huobi Token right now. We give it all overscore of

4.25/5

Do you think it's a good time to buy Huobi Token right now?

Yea Nay


Be the first to vote for this coin!

Summary of Huobi Token(HT):

Huobi Token(HT) today price is $10.07, which is down -74.60972% from it's all time high. The avarage daily volume is $124,139,194.00 and you can trade Huobi Token on 96 exchanges.

744268 people are following Huobi Token in all social media accounts.

Our algorithm believes it's An Excellent time to invest in Huobi Token with confident score of 4.25 out of 5.

What is Huobi Token(HT)?

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.