Question 1

What is Huobi Token (HT)?

Accepted Answer

Huobi Token (HT) is the native utility token of the Huobi Global crypto exchange, one of the largest and most popular digital asset trading platforms in the world. HT operates on the Ethereum blockchain as an ERC-20 token.

Question 2

Who created Huobi Token (HT)?

Accepted Answer

Huobi Token (HT) was created by the Huobi Global team, a group of blockchain and cryptocurrency enthusiasts led by Leon Li, a former Oracle engineer. The exchange was launched in China in 2013 and has since expanded to serve users in over 170 countries.

Question 3

What is Huobi Token (HT) used for?

Accepted Answer

HT is primarily used to pay for trading fees on the Huobi Global exchange, including spot and margin trading, as well as futures contracts. Additionally, HT holders can enjoy various benefits, such as discounts on trading fees, access to exclusive events, and voting rights for Huobi initiatives. Huobi also uses a portion of its revenue to buy back and burn HT, reducing the total supply and potentially increasing its value over time.