1 Level
5 Review
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Review on Huobi Token by Patrick Bartlett
The Huobi Token presents an exciting opportunity for large scale traders such…
The Huobi Token presents an exciting opportunity for large scale traders such as whales and high frequency operations to reduce their costs on Huobi. Major Huobi has stated that their VIP packages intentionally target institutional investors. In addition, voting for the new listing function of the coin makes an attractive case for the new token to favor HT purchase. So far, the tokens seem to have seen gradually, through stabilization. If that trend continues, expect the demand for hard drive token supply will increase and get higher prices along with it.
Pros
- Early access is a somewhat vague benefit, but it can prove very valuable. As part of the VIP registration service, users may have early access to content that will transact on Huobi or special events. In some ways, the VIP access scheme is like a pay-to-play scenario and morally problematic. However, it is difficult to say exactly the benefits VIP subscribers have received so far because those events and early access are private. Whether this is sketchy or on the board is still up for debate.
Cons
- Huobi Token is an ERC-20 coin. So, any purse that supports Ethereum can also store Huobi tags. You may need to point your wallet to the Huobi Token smart contract address if you do not see the money in your original wallet: 0xe824ec0f8384600f3187967f8b098014e31892f2
