1 Level
5 Review
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Review on Huobi Token by Leon Hart
At the same time, HT will be accessible for exchanging and trading on the…
At the same time, HT will be accessible for exchanging and trading on the company’s platform that also supports USDT, BTC and ETH trading pairs with their own token. And because of people’s worry of the nature of potential price volatility, the Huobi group will by back any HT tokens based on the market price indicated during every quarter. This will happen with 20 percent of their net profit during the same period of time.
Pros
- The major cryptocurrency player, Huobi also decided they wouldn’t be using an ICO or initial coin offering like normally seen in the industry. They’d instead take the three hundred million and give them to new users who made purchases with the company. The purchases would be of their service fee package that would be sold at a discount on Huobi Pro using the cryptocurrency known as Tether or USDT. The crypto token pegged is pegged in United States Dollar.
Cons
- Other cryptocurrencies that would also operate the purchase would be the major ones like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic. The details of the packages are not revealed in full yet. But the company promises there will be a capped maximum limit allotted that a user can buy with a minimum order of HT being one hundred.
