Huobi To Launch Own Token

New cryptocurrency will be called Huobi Token and be limited by 500M coins
23 January 2018   242

On January 23, Huobi Pro, the international division of the once popular Chinese exchange, will launch its own cryptocurrency.

The digital currency of the Singapore-based crypto-exchange will be called Huobi Token (HT). The coin issue will be strictly limited to 500 million ERC20 standard tokens. 300 million tokens (60% of the total number) will be distributed within 15 days within the framework of the special exchange loyalty system.

To obtain HT tokens, users will need to purchase the so-called Huobi Pro Exchange Point Package for USDT, BTC, BCH, ETH, LTC or ETC.

HT tokens can be used for various purposes. In particular, with their help, it is possible to reduce the amount of commissions by 50%. Huobi Tokens will also be available in trading pairs with Bitcoin, Ethereum and Tokenized US Dollar (USDT).

Each quarter, the Huobi Pro exchange will spend 20% of its profit on the buyback of HT tokens. The latter will be placed in the so-called "Huobi Investor Protection Fund".

Huobi Suspends Functions due to System Maintenance

Huobi will disable registration, password changing, security strategy changing, ID verification and API management for two hours on February 8
07 February 2018   158

Huobi Pro, a digital asset exchange for cryptocurrency traders and investors, has announced on February 7 that it will temporarily suspend some of the functions.

According to the official website of Huobi Pro, the exchange will be under system maintenance for two hours during 0:00-2:00 on February 8 (GMT+8).