Review on Huobi Token by Festus Samson

Name: Huobi Token
Item: Huobi Token
Rating: 4

August 27, 2018

The value of the token has been tied to the performance of the exchange, but…

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
﻿

Pros

Huobi is following a different scheme than Binance when it comes to fees. At Binance, as soon as you own BNB tokens you’re entitled to trading fee discounts. Huobi is proposing a subscription model though, with five tiers of subscription, and each tier offering lower trading fees. Currently Huobi has a fee of 0.2%, while the Binance fee for BNB holders is 0.1%. However, with a monthly subscription of 12,000 HT you qualify for the fifth tier of subscription, which entitles you to a reduced trading fee of 0.1%, which matches the Binance fee.

Cons