1 Level
7 Review
1 Karma
Review on Huobi Token by Ogundele Raphael
Huobi Tokens enable users to vote for their favorite projects to be listed on…
Huobi Tokens enable users to vote for their favorite projects to be listed on the platform, but also allow them to receive free tokens from these projects. In essence, in order to encourage users to vote, the exchange enables projects to set up their own reward mechanism for voters if the project gets listed. For instance, a project can decide to airdrop 10 of their token for every vote they receive, and tokens are given to voters if the project wins the competition – if not, HT tokens are refunded to the voters. In either scenario, voters cannot lose.
Pros
- Huobi Token Enables Voting For Coin Listing, As Well As Being Rewarded For Doing So
Cons
- 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.
