Review on Huobi Token by Aman Arora
HT is a multi utility token of Chinese based exchange Huobi
Huobi token is the native token of one of the top performing exchange Huobi. HT is a complete ecosystem of the top performing exchange Huobi. Huobi was the first token that was regulated by Japan in 2020. Huobi also partnered with a leading hotel booking platform to integrate HT as a preferred payment method on Travala which is a leading website used for accepting payments in crypto for hotel bookings globally.
Huobi token is available to trade against other variables at Huobi exchange and users get fees discounts for holding HT token on exchange. You just need to hold HT on huobi and choose pay fees in HT from settings and get discount on your fees payments. User also gain voting power for various decisions like listing global partners and other exchange mechanisms by just holding HT token on Exchange.
HT token was launched in 2017 when China banned ICO and cryptocurrency trading & since then HT has become the most rewarding token on Huobi exchange. Revenue generated from exchange is used to repurchase and burn HT. Huobi also have various high yielding staking pools of HT which often became the favorite pool amongst all other staking pools. Huobi token has overall supply of 500M and can be traded at another exchanges apart from Huobi. Huobi token has way more potential than its current price because Huobi is top exchange in China and getting adoption and popularity from Crypto users worldwide and with more integration of HT on international debit credit cards and blue Chip companies HT has very bright future as we have seen the case with Binance Coin.
Pros
- Huobi Token is a multi utility token and a complete ecosystem of top performing exchange Huobi
- Users get rewards as fees discounts voting power & through staking by holding HT on exchange
- Roadmap suggests mote used cases of HT with international blue chip companies which will boosts more demand
Cons
- HT is undervalued as huobi is a top ranked exchange and more integration and used cases will gain more momentum
