Huobi To Launch Own Token

New cryptocurrency will be called Huobi Token and be limited by 500M coins
23 January 2018   1147

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 Prime Launch Date Unveiled

As reported, Huobi Prime will be launched on March 26 at 21:00 Singapore time (GMT + 8) simultaneously with the TOP Network project campaign
21 March 2019   82

Huobi Cryptocurrency Exchange officially disclosed the details of launching a new platform for listing tokens called Huobi Prime, and also named the project that will conduct the first campaign on it.

Huobi Prime will be launched on March 26 at 21:00 Singapore time (GMT + 8) simultaneously with the TOP Network project campaign.

1.5 billion TOP tokens (7.5% of total emissions) will be distributed among users in three rounds lasting 30 minutes each. The price for one token in the first round will be $ 0.00177, in the second - $ 0.00213, in the third - $ 0.00255.

Purchase of tokens will be carried out with the help of market orders in the TOP / HT pair. At the same time, placing limit orders or requests via the API during the three primary bidding rounds will be prohibited. The individual limit for one account is $ 1000.

It is also noted that future-launched tokens via Huobi Prime can be placed on Huobi Global, Huobi Korea and HBUS in pairs with USDT, BTC, ETH and KRW.