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Review on Huobi Token by Emily Harris
dubbed Huobi Token or HT was set to start on the 23rd of January 2018. The…
dubbed Huobi Token or HT was set to start on the 23rd of January 2018. The token would start with a capped supply set at five hundred million. The announcement also indicated that as much as three hundred million of the tokens or about 60% would be issued to new users over the course of 15 days. And the other 40% would be kept in reserve for the operation of the platform as well as various team services and incentives or other undeclared rewards
Pros
- Basically, through the newly developed issuance of the token, the Huobi group will be able to better collect fees needed for various upfront services while at the same time raising the level of user retention. For example, if you purchase the 1,000 HT package, it will only cost USDT 990, and you will get 1,000 HT for free. HT can be used for offsetting the trading fees
Cons
- HT will be accessible for exchanging and trading on the company’s platform that also supports USDT, BTC and ETH trading pairs with their own token. And because of people’s worry of the nature of potential price volatility, the Huobi group will by back any HT tokens based on the market price indicated during every quarter. This will happen with 20 percent of their net profit during the same period of time.
