Huobi Token is a decentralized digital asset under ethereum (with ERC 20) designed by Huobi Group. Based on the token system, assets are managed and exported via blockchain. Huobi tokens were launched at a convenient time to curb the rigid regulations set by the Chinese government against cryptocurrencies.
The huobi group decided to use different token distribution strategies, offer other benefits, and target specific markets to go beyond the Binance coin trend.