1 Level
11 Review
8 Karma
Review on Huobi Token by John Smith
Each quarter, Huobi Pro will use 20% of its income to buyback the Huobi Tokens…
Each quarter, Huobi Pro will use 20% of its income to buyback the Huobi Tokens in the open market. All the HT that were bought back will be allocated to Huobi Investor Protection Fund (HIPF) in a certain proportion. The HIPF is used to protect investors’ benefits and compensate for the losses by Huobi users when risks occur in the platform, to ensure market stability and protect the interests of investors
Pros
- The value of the token has been tied to the performance of the exchange, but also to other factors such as coin supply and the internal factors within the Huobi ecosystem. So far it’s been a success, but will it make a good long-term investment
Cons
- Running an encrypted exchange is not a child's game because it is much more difficult than running a stock market. One needs to have enough money, world-class architecture, solid security protocol and brand image to really succeed.
