Singapore (January 21, 2018) – Leading Global Blockchain Asset Service Provider, Huobi Global, will officially be launching Huobi Token (Token Name/Symbol: HT) on 24 January 2018, Tuesday, 10:00 AM GMT+8. 300-millions tokens will be distributed within 15-days.
HT is a point system based on blockchain distribution and management, running natively on the Ethereum blockchain with ERC 20. HT can be used in various ways, of which, the most basic use of HT is for the discount on trading fees, of up to 50 percent.
Huobi Token (HT) is not an initial coin offering (ICO). Users can only get HT by purchasing ‘Point Card’ on Huobi Pro. Point Card is Huobi’s pre-paid card for basic service charge-trading fees. 1 point = 1 USDT. For example, if you purchase the 1,000 Point Card package, is will only cost USDT 990, and you will get 1,000 HT for free. Points can be used for offsetting the trading fees.
Huobi Global will only be distributing and strictly limiting to a fixed total of 500-million HT, never to be increased.
|60%||300,000,000||will be given as gifts with the purchase of Point Cards on Huobi Pro, over 15 days|
|20%||100,000,000||will be used for user rewards and platform operations|
|20%||100,000,000||will be used as team incentives. Tokens are locked for 4-years and 25-million tokens will be distributed each year|
Exchange For Popular Coins
Huobi Tokens (HT) can be exchanged to USDT, BTC and ETH in Huobi Pro.
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.
For example if the quarterly profits of Huobi Pro is US$100-million, Huobi Pro will be using $20-million to buyback HT consecutively over a period of time.
Value of HT
With the HT you can buy different grades of VIP membership, which provides you trading different fee discount percentage accordingly, up to 50%.
In the future, HT will be available for usage on Huobi Global Platforms such as Huobi Japan, Huobi Korea, and Huobi Wallet.
Huobi Pro has released an announcement for HT, you can find more information here.
About HUOBI GLOBAL
Subordinate to Huobi Global, Huobi.Pro is a secure digital asset exchange serving global traders. Huobi.Pro is devoted to exploring investment opportunities. Currently, we provide trade and investment service of nearly 10 digital assets. Our Headquarter is located in Singapore and is running by Huobi Global Team.
Huobi Global is the Leading Global Blockchain Asset Financial Service Provider. We have offered quality service for over millions of users from over 130 countries. Our independent service centers are located in many countries including Singapore, Korea, Hong Kong (China) and China Mainland. In terms of technology platform, product branch line, security risk management system, operation and customer service, Huobi Group and its sub-brands are at a world-leading level compared with global peers.
Moreover, Huobi has developed global service with sub-brands including Huobi Korea Digital Asset Exchange, Huobi China News & Research Platform, and Huobi Wallet Digital Asset Management.
Company name: Huobi Global
Company site: https://www.huobi.pro/
This is a paid press release. Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.