1 Level
11 Review
5 Karma
Review on Huobi Token by Bisi Jo
One of the benefits of holding the Huobi Token is the ability to participate…
One of the benefits of holding the Huobi Token is the ability to participate in the Huobi Autonomous Digital Asset Exchange (HADAX). This is a hybrid exchange that allows its users to vote on which coins they’d like to see listed.
Pros
- The value of the token has been tied to the performance of the exchange, but also to other factors such as coin supply and the internal factors within the Huobi ecosystem. So far it’s been a success, but will it make a good long-term investment
Cons
- Huobi used to be entirely oriented towards China, even accepting Yuan deposits directly and offering trading against the local currency. The legal developments in the country forced them to change their strategy, but they are predominantly targeting Southeast Asia. there are reports of various attacks against the exchange, with one allegedly leading to the loss of BTC 12,000. Obviously, this does not inspire confidence
