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5 Review
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Review on Huobi Token by Kiara Tovell
The Huobi Token presents an exciting opportunity for large-scale traders like…
The Huobi Token presents an exciting opportunity for large-scale traders like whales and high-frequency operations to lower their expenses on Huobi. Huobi itself has stated that its VIP packages intentionally target institutional investors. Additionally, the vote for new listings functionality of the coin makes a compelling case for new tokens to prioritize buying HT. So far, the token seems to have seen gradual, steady adoption. If that trend continues, expect demand for the hard-capped supply of tokens to increase and take the token price higher along with it.
Pros
- Users can use HT to purchase various levels of VIP status on the Huobi exchange. VIP status works on a subscription basis, with users paying monthly. The highest of these levels grants a 50% discount on transaction fees. This level of discount is similar to Binance’s discount scheme. However, unlike Binance, there’s no time limit on when VIP status expires. As long as you continue your monthly VIP subscription, you could maintain the 50% discount for many years.
Cons
- Not available in China. US subsidiary has limited number of coins and tokens. Low trading fees require purchase of Huobi utitlity token. High per-transaction withdrawal fees. No stop-limit or other advanced orders.
