HT token developed by the Huobi Group is issued and managed through their blockchain, and it is efficiently used within the Huobi and in the Huobi Ecosystem.
HT is the abbreviated expression of Huobi Token, the Huobi Global Ecological Token. The token is decentralized based on Ethereum. The Huobi Group issues the token, and it has a total supply limit of 500M.
The HT token gets used in a range of applications in the global business concerning the Huobi Group Ecosystem. It is a crucial value carrier in the Huobi ecosystem.
The Huobi platform makes it easy to buy and sell Bitcoin, Ethereum, and Litecoin. The exchange has several features that make it an ideal place to buy and sell digital assets. Investors can trade for up to 5X leverage in terms of spot trading.
Investors can use their credit cards to buy the cryptocurrency at Huobi Global. The client funds are secure as they get held in secure storage.
The destruction operations of HT get updated in the destruction records. All of the destructionoperations get done transparently and openly. To date, 19 destructions have taken place, and all of them get documented.
About 20% of Huobi Token (HT) in 500 million support user rewards and platform operations. The spending limits on HT for the in-force period of January 1, 2020, to December 31, 2020, are published.
The upper cap of 2 million HT gets determined for the use of the Investor Protection Fund for the year 2020. This annual allocation limit is predetermined every year. The yearly allocation for the year 2021 will get announced by the end of 2020.
Normal users in HT day trading fall in levels ranging from Level 1 through Level 6, where their 30-day trading volume is less than 1000 BTC. They have a fixed base fee rate with an applicable Fee rate for HT holdings for current discounts. The tiered fee structure gets published for regular users and professional traders with itemized details. The details of the Margin HT Tiered Fee structuregets released for the current year.
At the time of reporting the news, HT has reached a market cap of $681.92 million. On January 01, 2020, the Huobi Token traded 3% versus USD.
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