HT Price usd_ht Price today

HT ht

Go trade

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＄0.2251 +5.62%

Glob. Mkt Cap Rank： Unranked

2024-08-07:09:36:35update

24H High

1.7091

24H Turnover

1.45千万

Max Supply

0.0

24H TR

5.46%

24H Low

1.6181

24H Vol

8870872.98

Curr. Issued

162233844.0

24H High-Low

+5.62%

ATH

284.75

Highest Mkt Cap

2.66亿

Circulating Supply

162233844.0

Dominance

0.00%

ATL

1.45

Mkt Cap (Float)

2.66亿

Circulating Supply

32.45%

Issue Date

2018-01-24

Introduction

Latest News

News Flash

Basic information

Currency Introduction

Huobi Token (HT) is the native digital currency issued by Huobi, abbreviated as HT. It is a decentralized blockchain digital asset based on the ETH Chain. The total supply is capped at 200 million tokens, with no further issuance possible. During each burn cycle, a fixed percentage of HT is destroyed based on Huobis overall platform revenue for that period. Burn records are promptly disclosed, and users can verify them through a blockchain explorer to ensure transparency.

HT serves multiple purposes within the Huobi ecosystem and as fuel for decentralized exchanges and on-chain gas fees. Users can use HT to pay trading fees on Huobi with up to a 25% discount. In the future, HT will be accepted for payments in Visa cards and various apps, as well as for purchasing virtual gifts and tipping on live streaming platforms. Currently, HT ranks among the top 40 global cryptocurrencies, with its highest ranking being in the top 20. It enjoys support from blockchain enthusiasts across over 180 countries and regions worldwide.

HT Value and Burn Mechanism:

1. Trading Fee Discounts on Huobi Platform

Users trading on the Huobi platform can receive a 25% discount on trading fees if they hold sufficient HT. The system applies this discount on top of the Prime tier fee rate and calculates the equivalent amount of HT needed based on its market value at the time. HT is used to complete the payment of trading fees and is also the exclusive token for participating in various activities within the Huobi ecosystem, such as Prime subscription eligibility and allocations.

2. Burn Mechanism

During each burn cycle, a fixed percentage of HT is burned based on Huobis overall platform revenue for that period. Burn records are promptly disclosed, and users can verify them through a blockchain explorer to ensure transparency.

3. Decentralized Trading and On-Chain "Fuel"

HT is also the fuel for Huobis decentralized exchange platform. When using Huobis decentralized ecosystem, including Heco and Tron, HT will be required.

4. Global Expansion and National Token

Huobi and Dominica plan to jointly launch a national token to accelerate global expansion. In the future, HT may gain recognition as legal tender in Dominica. Additionally, HT plays a crucial role in supporting Huobis global business and ecosystem. HT holders enjoy corresponding benefits across the entire Huobi ecosystem and qualify for various rewards both inside and outside the ecosystem, as well as benefit from the ongoing repurchase and burn mechanism that enhances scarcity.

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Development History

2013/8/1Online bitcoin spot trading platform Huobi. com.

2013/11/5Received angel investment from the famous angel investment fund Zhen Fund and the famous angel investor Dai Zhikang.

2014/4/4Obtained the investment of venture capital institution Sequoia Capital.

2015/4/25Huobi. com sponsored the Digital Assets Research Project of the Internet Finance Laboratory of Tsinghua University Wudaokou Finance Institute (formerly the Graduate School of China Peoples Bank).

2016/12/23Huobi. com won the "2016 Most Competitive Enterprise of Financial Technology in China" award at the 2017 Zhongguancun Internet Finance Forum and the 4th inclusive finance Forum.

2017/11/1The global professional station of Firecoin was formally established and operated, and the Singapore operation team was established. The cumulative transaction volume in the first month exceeded 4.6 billion US dollars.

2018年4月Huobi China and more than 20 institutions, including the Fifth Institute of Electronics of the Ministry of Industry and Information Technology, jointly drafted and formulated the first "Evaluation Specification for Blockchain and Distributed Accounting Information System" in China.

2018年8月Acquired Tongcheng Holdings (01611.HK), a company listed on the main board of Hong Kong, and later changed its name to "Huobi Technology".

2018年9月Firecoin Japan obtained the license of Exchange 00007.

2018年12月Obtained the DLT license of Gibraltar in Europe.

2019年1月Huobi Korea was invested by D Danal Group and passed ISO27001 certification in September of that year.

2019年6月The blockchain branch of China Software Industry Association (CSIA) established a trusted alliance for blockchain information disclosure in conjunction with Huobi China, CC Capital and other institutions.

2019年12月Hainan Ecological Alliance was established, and more than a dozen enterprises including Huobi China and Hainan Free Trade Zone (Hong Kong) Blockchain Experimental Zone became the first members of the alliance.

2020年3月Huobi China joined BGIN, an international blockchain non-profit organization, as its founding member and the only unit in China.

2020年6月Huobi Charity was selected into the double list of "China Charity Rankings" and won the title of "Charity Model of the Year".

2021年1月Huobi Korea was certified by the Information Security Management System (ISMS) of Korea Internet Security Bureau. Firecoin Public Welfare was granted Gibraltar Public Welfare License.

2022年10月8日On the morning of October 8, Li Lin, the founder of Huobi, announced in the circle of friends that the controlling shareholder of Huobi Global had completed the share sale, and the fund of Baiyu Capital became the largest shareholder and actual controller of Huobi Global, and it was no longer a shareholder of Huobi Global, nor did it directly or indirectly own any authority of Huobi Global.

2024-07-23
【Cryptocurrency Analyst Willy Woo Highlights 5 Key Macro Signals for Bitcoin】

In a recent post on X, renowned cryptocurrency analyst Willy Woo shared his insights on five macro signals for Bitcoin, identifying three bullish indicators and two bearish factors. Here’s a closer look at his analysis:Bullish IndicatorsEnd of Miners Capitulation:Woo considers the end of miners' capitulation a reliable bullish indicator. With miners no longer offloading their holdings, this suggests a stabilization and potential upward momentum for Bitcoin.Hash Rate Recovery:The Bitcoin network's hash rate is recovering, coinciding with the deployment of next-generation mining hardware such as the M66s and S21 Pros. Woo notes that the hash rate is set to increase significantly, indicating network strength and miner confidence.Puell Multiple:The Puell Multiple, which measures miners' relative profit to past revenues, has hit a crucial macro bottom. This two-part signal suggests:Macro bottoms occur when mining profitability is at its lowest.A signal bottom happens post-Bitcoin halving, when miner earnings are halved, setting the stage for a bull run.Woo asserts that miners are now poised to earn substantial profits, making it a good time to invest in mining operations.Bearish IndicatorsIncrease in Coins Entering Exchanges:A significant amount of Bitcoin, notably 50,000 BTC from Mt. Gox, is being moved to Kraken. This influx is being front-run by other large transfers, potentially increasing selling pressure.Ethereum Spot ETF Launch:The imminent launch of the Ethereum spot ETF could divert capital from Bitcoin ETFs to Ethereum ETFs. The extent of this shift is uncertain but represents a bearish risk for Bitcoin.Overall OutlookWoo concludes with an optimistic view, believing that the bullish factors outweigh the bearish ones. He notes that breaking the $73,000 level could trigger a short squeeze, propelling Bitcoin to $77,000 and beyond, entering a phase of price discovery.This comprehensive analysis by Woo provides a nuanced view of the current market dynamics, highlighting the interplay between fundamental strength in mining and potential short-term pressures from increased exchange inflows and the new Ethereum ETF.