Review on Huobi Token by David Olayide
The Huobi Token
The Huobi Token is the native token of the popularly known Huobi exchange platform which I am sure most crypto traders and investors have heard of before. The HT token is based on the Ethereum network, and has a total limited supply of about 500 million which was created by the Huobi group. Looking at the market cap and statistics I can say that the token has performed reasonably well in the global market. The last time I checked the price of a single Huobi Token (HT) is valued at over 8 dollars.
The token is a very important part of the Huobi ecosystem and can be used in different facets of the Huobi platform. Indeed I see Huobi Token as a very promising asset designed to improve the reach of the parent Huobi ecosystem. The token can be used on the Huobi exchange and this will ensure a 50% discount on trading fees and such.
The token was released in 2018 but it is not open source. The token is on par with such other tokens like the KuCoin Shares and the Binance coin. Since the token is built on the ethereum network, it cannot be mined and because it is ERC20 based you can store your HT on any mobile crypto wallet that supports ERC20 tokens and coins. The token has a sizeable market cap of $160 million and I am definitely impressed.
From all the signs that I can see thus far, the token still has more ground to cover and eventually the fast pace at which it is moving will ensure that. Generally speaking, the Huobi platform is well structured and I see no reason why the token should not continue to perform well. If you can get your hands on this token please get some for future purposes. There are great plans for the token by the company in the future just as I have discovered.
Pros
- The HT token id ERC 20 based
- Huobi Tokrn is the native token of the popular and trusted Huobi Exchange Platform
- Fairly profitable
- The tokrn is recognized globally
- It can be used on the Huobi exchange to reduce the transaction fees
- It has an impressive market cap and might catch up with other yokens like the KCS
Cons
- The token is not open source
