Review on Huobi Token by Huseyn Akberov

What is Huobi Token (HT)?

Houbi Token (HT) is the cryptocurrency issued by the cryptocurrency exchange Huobi Global. Ethereum (ETH) is decentralized in the ERC-20 standard. Huobi Token allows them to benefit from exchange fees and the ecosystem on Huobi.

Features of Huobi Token

With a total supply of 500 million, 60% of the token was distributed to card purchasers. While 20% was distributed to the team over a 4-year period, the rest was distributed for the operation of the platform and rewarding the users.

Huobi designed HT according to the ecosystem on the blockchain network. As the most important feature of HT, it can be used both by Huobi and within the Huobi ecosystem. The second feature, the carrier feature, has become an important hub for the Huobi Group ecosystem and all its applications deployed on its businesses. In addition, many businesses can transfer securely thanks to the Huobi infrastructure. Finally, token holders can access the Huobi ecosystem and all of the rewards provided under the ecosystem. In particular, it allows Huobi to multiply its value as a result of regular token purchase and subsequent burning.

What are the Benefits of Huobi Token?

-Having the right of invitations and discounts by Huobi Global

-Rewarded through distribution of alt tokens

-Legal support in OTC transactions

- Discount on commission fees

- Ability to buy and sell in the ecological transaction zone.

What Will Huobi Global Do to Increase the Value of Huobi Token?

Huobi Global aims to increase its value by repurchasing and burning 20% ​​of its revenue to Huobi Token. It also aims to give users more rewards for their holdings on the exchange.

What are Ecological Scenarios and Deposits?

Huobi Global creates a number of initiatives and incentives to have more uses of Huobi Token. Token holders have the right to own the Huobi Cloud service, to list project teams, to be the global elite on the exchange, to vote at the Huobi NEXT event, support and sponsorship, as well as OTC advertising deposit.

What are Huobi Token's Steps on Corporate Payments?

Huobi Global tries to negotiate with corporate customers for the growth of the ecosystem. His work can be interpreted as community service providers, cooperation with multiple incubators, doing business with known cryptocurrency mining machines, agreements with the 10 largest mining pools, agreements with crypto media groups and cooperation with headhunters. Many exchanges take different paths for their ecosystems to activate, and Huobi is not much different in this area.

What is Huobi Promotion System?

The Huobi promotion system allows professionals and regular users to make adjustments based on the amount of Huobi Tokens they hold. While there are 7 levels for normal users, there are 9 levels created separately for professional users.Huobi Global Promotions for Regular Users

If you are a regular user, you must have at least 10 HTs to be deducted from commission fees. Afterwards, as you have more HT, the commission rate you will pay decreases to 0.07%.

Huobi Global Promotions for Professional Users

In the professional account, your monthly trading volume or the amount of HT you get affects your commissions. If you have at least 1000 BTC trading volume in 30 days and you have 2000 HT, your fees will start to decrease. But if you want to reach the lowest commission rate, you can have the lowest commission rate if you have a monthly trading volume of at least 150,000 BTC and 2000 HT.