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Review on Huobi Token by Vinh Quang
Huobi token is a utility token that earns traders fee discounts and voting…
Huobi token is a utility token that earns traders fee discounts and voting privileges. Unlike Binance where anyone gets discount for owning any amounts of BNB tokens, Huobi traders must buy at least $120 tokens and hold them every month to retain the benefits that come with them.
Pros
- The Huobi coin is the ERC20 token for the Huobi Pro cryptocurrency exchange, one of the largest bitcoin exchanges in China. The Huobi token was developed to offer low transaction fees to users and enable new tokens to be listed on their exchange with a point system, while at the same time maintaining stability while doing so. The Huobi Token aims to become a major asset of exchange for users all over the globe.
Cons
- Having multiple use cases can increase the need for a token while also reducing its supply. Compared to the competition, Huobi Token seems to be underestimated; Not only is the smallest market cap of any of the exchanges mentioned above - although Huobi is one of the top five electronic money exchanges by volume - but also compared to Binance, the other The difference is quite large.
