Huobi Tokenholders to Support Quarterly Token Burn

19.1% of voters preferred the current distribution model of tokens, and 80.99% chose “burning” tokens
06 December 2018   372

Huobi Cryptocurrency Exchange announced the results of the vote on the further fate of the HT tokens purchased. 80% of users voted for the "burning" of coins.

Previously, each quarter, Huobi used 20% of its revenue to purchase HT on the open market with a view to distributing it further to token holders. According to the exchange's blog, Huobi decided to revise this business model due to numerous requests from users and provided an opportunity for HT owners to decide the fate of the coins.

For three days, 5,010 users cast 72,079,205 votes (one vote was equal to one HT). 19.1% of voters preferred the current distribution model of tokens, and 80.99% chose “burning” tokens.

Within five days after the end of the voting, the Huobi team promised to publish an updated plan to purchase the HT.

Huobi OTC to List XRP

At the moment, Huobi OTC supports more than 20 fiat and over 10 digital currencies
06 March 2019   210

The over-the-counter platform, Huobi OTC, added support for the XRP digital asset from startup Ripple.

Currently, Huobi OTC supports more than 20 fiat and over 10 digital currencies, including Bitcoin, Broadcast, USDT, EOS, Huobi Token (HT), as well as a tool for the exchange of HUSD steablocoins.