Review on Huobi Token by Rupanshu Kumar
Huobi, one of the leading cryptocurrency exchange by volume, has created its…
Huobi, one of the leading cryptocurrency exchange by volume, has created its own native token, Huobi Token (HT), in the same fashion as other cryptocurrency exchanges, such as Binance and Kucoin. The value of the token is highly tied to the performance of the Huobi.Pro exchange and its affiliates, but more extensively to the coin’s supply and demand drivers within the Huobi ecosystem. With Binance Coin (BNB) being valued at more than $1.5 billion and KuCoin Shares at $300 million, can Huobi Token (currently valued at $132 million) see similar growth? We believe so. It'll be interesting to see the performance of Huobi Token against nearby competitiors like Binance Coin, KuCoin Shares, COSS Token and Bibox Token
Pros
- Exchange coin which can be earned
Cons
- Tough market competition
