HT is an ERC-20 token based on the Ethereum blockchain launched by the cryptocurrency exchange Huobi. The value of HT depends partly on the reputation of Huobi Encryption Exchange and other factors. Huobi Token is committed to providing Huobi Exchange users with a better experience, through which they can get discounts on transaction fees, acquire new cryptocurrencies, and vote on future decisions of the platform. With HT, exchange users can directly benefit from the performance of the platform over time. If the popularity of Huobi continues to rise, the accounts of HT holders will also increase in value.

Huobi Token is part of Huobi Ecological Chain (HECO), which is a Dapps application platform, such as a decentralized lending platform, etc. The ecological chain is similar to the Binance Smart Chain. HT is an ERC-20 token used to secure the network and provide benefits and transactions for Huobi users. Much like Binance’s Binance Coin (BNB). It also has similar token economics, such as buyback and token burn strategies. In this way, Huobi uses 20% of the revenue generated by the contract to buy back HT from the network and remove it from circulation to increase its value. The total amount of HT is 500 million, and 100 million is reserved for platform operation and user rewards. Hold 100 million tokens for the Huobi team as a reward, and give away 300 million HT for users to purchase point cards.