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The Huobi Pool Token (HPT), a global ecological token from Huobi Pool, is a sub-token of the Huobi Global Ecological Token (HT). The total issuance of HPT is approximately 10 billion, distributed to HT holders and Huobi Pool community users among others.
HPT, issued by Huobi Pool, innovatively proposes "mining as mining." Huobi Pool, a subsidiary brand of Huobi Group, is a crucial component of Huobis global ecological strategy.
Relying on the groups robust resources and capital, Huobi Pool accommodates various consensus mechanisms, including PoW and PoS, while adopting a staking mechanism. It introduces the concept of "mining as mining," providing multiple access points for users, which include but are not limited to: HuobiPro, various wallets, etc. Once users store their crypto assets in Huobi Pool, they enter an asset appreciation system. Huobi Pool will participate in node elections across various chains, ensuring their security while generating certain profits. It also facilitates secondary market quantitative trading and lending.
Project Rights
The HuobiPool Token serves as proof of stake for Huobi Pool, with a fixed total issuance of 10 billion. Huobi Pool will distribute 51% of its profits based on contributors contributions through airdrops to community builders. The incentives will be gradually released to the community through investment mining and hashrate mining models.
Project Rewards
1. Community Points: All points earned by community users before the HPT launch will be distributed to customers at a ratio of 1:1.
2. Stakeholder Rewards: From the official launch of Huobi EOS voting until the day before the HPT launch, a total of 150 million HPT* will be awarded to customers based on the duration of their holdings as a reward for old users.
3. POW Hashrate: For users who had hashrate in Huobi Pool one week before the launch, the mining amount over the past three months will be settled, sharing a total of 70 million HPT.
Project Use Cases
Through digital asset locking, voting, and POW hashrate integration, HPT mining can be conducted. Holding HPT allows for entitlement distribution of other digital assets, with more use cases being added progressively.
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