Review on Huobi Token by Prisca Unegbu

Name: Huobi Token
Item: Huobi Token
Rating: 4

August 27, 2018

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? 
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Pros

The Huobi coin is the ERC20 token for the Huobi Pro cryptocurrency exchange, one of the largest bitcoin exchanges in China. The Huobi token was developed to offer low transaction fees to users and enable new tokens to be listed on their exchange with a point system, while at the same time maintaining stability while doing so. The Huobi Token aims to become a major asset of exchange for users all over the globe.

Cons